The Daily Dividend: FMS Education

News, notes and insights from around the industry

JULY 26, 2017
Windy City Workshops
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

In six short weeks, join FMS in Chicago for education and more.

On September 6, our Accounting and Regulatory Updates - one for banks and thrifts and one for credit unions – will help you adjust to the winds of change. Stick around for two more days and on September 7 and 8, we will be holding our popular Call Report Boot Camp for banks and thrifts and 5300 Call Report Basics for credit unions! 

All events will take place at the beautiful LondonHouse. Located on the Chicago River in the heart of the city, this historic landmark provides easy access to the best food and culture the city has to offer at a special FMS rate.

See you in Chicago!

JULY 11, 2017
It’s Always Sunny in Philadelphia
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

FMS logoIn six short weeks we’ll be in Philadelphia for our popular Controllers Clinic, plus a one-day workshop on CECL and Its Impact on Capital Planning. The Controllers Clinic will run August 22-23, with the CECL workshop following on August 24. Attend both and save $150 off the cost of registration! 

The events will take place at the lovely Logan Philadelphia (book by July 31 for a special FMS room rate), and presenters will include FMS board members Mike Guglielmo of Darling Consulting Group, John Carrozza of Phoenixville Federal Bank and Trust and many others.

Join us to bone up on ALM, auditing, CECL – and maybe even a Philly cheesesteak!

JULY 5, 2017
FMS Webinar: Schemes, Scams and Swindlers
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

Hackings and data breaches are all over the headlines, but not every attack comes from the outside. Sometimes reinforcing your systems against scams takes more than just changing your password.  

Learn how to derail inside jobs and stop swindlers in their tracks during “Schemes, Scams and Swindlers: Internal Fraud and Embezzlement” on Tuesday, July 18. Shauna Woody-Coussens of BKD will explain how to spot red flags and take the necessary steps to prepare yourself and your institution for internal assaults.

This webinar presentation is complimentary for FMS members, so be sure to reserve your spot. (Not a member? Join today!)

JUNE 28, 2017
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

We’re just getting back from three great days in the desert at the Red Rock Resort in red-hot Las Vegas, where the 2017 FMS Forum wrapped up on Tuesday night. 

From the golf outing and tour of Red Rock Canyon on Sunday morning to the energetic crowd of old and new members at that evening’s Welcome Reception to terrific keynote addresses from Seth Mattison and Jim Johannes on Monday and Tuesday to the expansive slate of insightful breakout sessions, this year’s Forum was another fantastic combination of education, networking and fun. We also made time on site for a couple of great reveals!  

Thanks for picking up the mail and feeding the cat while we’ve been gone. And don’t worry if you couldn’t make it to Vegas – the 2018 Forum will be here before you know it!

JUNE 22, 2017
The End of the Road to Vegas
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

It’s hard to believe our Road to Vegas started more than three months ago, and now the FMS Forum 2017 is finally here! So let’s take a trip down memory lane (to mix our metaphors) with a few fun facts from each milepost along the way.
Part I: It’s going to be hot in Vegas, but the pool complex at the Red Rock Resort spans three acres. 
Part II: According to Megan Plis Knapp, only 26% of millennials are engaged at their jobs, one of several surprising revelations she’ll share during her session “Millennials: Make Them Happy and Keep Them [Productive].” 
Part III: The challenging course at Bear’s Best will host the FMS golf outing for a selection of Jack Nicklaus favorites (note: this event is now sold out).
Part IV: Keynote speaker Seth Mattison will be discussing “Relationship Revolution: Evaluate Your Value to Address the Needs of your Customers Today and Tomorrow” to get the main program started on Monday.
Part V: There’s plenty going on at the Forum, but no surprise – Vegas also has a lot to offer too.
Part VI: Jeffrey Marsico’s session, “Using Profitability to Incentivize the Right Behavior,” will show attendees how to build a better organizational culture.
Part VII: Visitors on the Red Rock Canyon tour can see pictographs that are around 1000 years old (note: this event is now sold out).
Part VIII: CECL is coming – are you ready? Our post-conference seminar can help!
Part IX: Jim Johannes, a widely published thought leader, will kick off Tuesday morning in the desert with “The Economics and Politics of Rising Rates.”
Part X: Joe Sullivan taught us the Three A’s for dealing with disruption in advance of his Forum session “Top Trends Shaping Retail Banking.”
Part XI: Mark Scholl says 90% of cyber attacks start with an email to a clueless employee – just one of many fascinating and frightening tips he’s ready to share during “Cybersecurity: Top Threats, Trends, and Strategies.”
Part XII: Neil Falken explains how a transition team could be the difference between a rocky merger and a smooth deal in a preview of his session “How to Prepare Your Institution for Mergers and Acquisitions.”
Part XIII: Raven Catlin says the best defense is a good offense, a theory she’ll explore in greater detail during her session “The Three Blurred Lines of Defense.”

We hope these previews and tips have gotten you excited for this year’s big event in Vegas. But if you can’t make it to the desert next week, just remember it’s never too early to start getting your mouse ears ready for 2018!

JUNE 15, 2017
The Road to Vegas, Part XIII: Getting Defensive
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

It’s almost impossible to make an institution’s defenses completely bulletproof in today’s risk environment, but Raven Catlin, CEO of Raven Global Training, has a few bullet-pointed thoughts on how to shore up a good defense. 

Potential weaknesses in the “three lines of defense” model: 
Calling it a defense versus being an offensive / scoring model to help an organization accomplish its objectives
Setting up internal audit as a catch-all
Expecting management to understand risk and control concepts without proper training

Common risk management mistakes at smaller community institutions:
Treating risk management as an administrative and bureaucratic role versus taking advantage of risk management as an opportunity to help make sure the right things happen in the right way
Assigning too many hats to one individual
Not clarifying roles and responsibilities
Not documenting and communicating acceptable and unacceptable risks

Steps a community institution can take to strengthen its defenses:
Provide training throughout the entity
Share strategic, long-term and other business plans
Hire based on shared values

Join us for Raven’s session on "The Three Blurred Lines of Defense” at the FMS Forum! Register now!

JUNE 14, 2017
FMS Webinar: What's Your Risk Appetite?
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society

FMS logoEffective risk management depends on fully understanding your institution’s appetite for risk, then taking the right steps to align your strategic plan and loan growth with that appetite. 

Learn how a solid grasp of your risk appetite can inspire the confidence to make the right decisions for your institution in our latest FMS webinar, “What’s Your Risk Appetite?,” on Thursday, June 29. During this session, Synergy Bank Consulting founder and principal Ancin Cooley will discuss the right questions to ask to better understand the risks your institution should (or should not) be taking.

As usual, this webinar is complimentary for FMS members, so be sure to reserve your spot today. (Not a member? Join today!)


Mark Loehrke
Editor and Director, Publications and Research

Danielle Holland

Autumn Wolfer
Director, Membership and Marketing

Hilary Collins
Assistant, Publications and Research