*As of April 27, 2020 - Subject to Change

10:00am – 11:00am EST
Implementation Lessons Learned from SEC Institutions Adoption of the Current Expected Credit Loss Standard
Meagan Clark, Director - BKD, LLP
Gordon Dobner, Partner - BKD, LLP

Non-SEC financial institutions are having to implement the current expected credit loss standard. Joins us to learn some of the best practices and pitfalls to avoid during the implementation process and compare the current state of implementing CECL in community institutions. Key Take-Aways: discover how your institution compares to other community institutions regarding CECL implementation, learn how successful institutions have implemented CECL and learn from implementation horror stories on what not to do.

11:30am – 12:30pm EST
Tax Changes and Planning Opportunities Brought About by the COVID-19 Fallout
David Thorton, Partner - Crowe LLP
This session will provide attendees with an overview of COVID-19 tax developments impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include a summary of the CARES Act tax provisions, including tax planning strategies resulting from its enactment, an analysis of the GAAP and regulatory impact of these tax law changes, an up-to-date summary of Treasury and IRS guidance offering tax relief and a summary of significant industry issues, including the impact of certain acquisition structures on the tax-exempt status of bank-owned life insurance (“BOLI”).

12:45pm – 1:45pm EST
COVID-19: An ALCO and Balance Sheet Management Game Changer
Matt Pieniazek, President - Darling Consulting Group
COVID-19 has likely changed the banking industry “forever” and redefined best practices for prudent balance sheet management activities and processes. Bank CFOs and their ALCOs must look at their bank through different lenses, and adjust their risk presentations, the nature of their conversations, and the dynamics of strategy discussions in a meaningful way. ALCO processes that create clarity, enable effective challenge, and facilitate focused and persistent conversations on business issues that truly matter - make a real difference.

DCG will share crucial balance sheet risk management lessons from this unfortunate pandemic and present important considerations and suggestions for lending, deposit and investment strategies as well as overall balance sheet risk management strategies (including interest rate risk, liquidity, and credit/capital management).

Key Takeaways:
  • A look in the rearview mirror:
    • What should we have learned? I wish there was a “rewind button”
    • Importance of prudent policy flexibility vs. rigidity
    • Value in effective planning and stress testing (liquidity and credit)
  • Balance sheet management strategies for the current environment
    • Loan and deposit product and pricing strategies
    • Liquidity/funding strategy: importance of collateral management and the role of wholesale sources and alternative deposit products
    • The role of interest rate swaps and caps/floors
    • Interest rate risk management considerations and strategy implications
    • Investment strategy implications
  • Ensuring that your ALCO is a “profit center”

3:00pm – 4:00pm EST
Data Analytics: How to Use Your Data to Drive Business Decisions
Mark Boettcher, Partner - Baker Tilly Virchow Krause, LLP
Sean Statz, Senior Associate - Baker Tilly Virchow Krause, LLP

Banks have been collecting data on their loans, deposits and customers for years so why not use that data to better understand their risks and opportunities. Through data visualization platforms, institutions can more effectively manage its loan portfolio by assessing concentrations, credit risk and pricing strategies to successfully navigate through the current interest rate environment and potential future economic downturn. Data analytics can also provide banks with key insights surrounding its deposit base including customer demographics, growth and attrition trends and region specific opportunities to better compete in this extremely competitive deposit market all while limiting impacts to its margin. Lastly, by analyzing branch metrics, peer performance and the M&A landscape, data analytics can aide in accomplishing an institution’s strategic growth initiatives

4:30pm – 5:30pm EST
Actionable Profitability Analytics: Driving Profitable Behaviors Throughout the Bank
Scott Wise, Managing Partner - Armada Consulting
Banks continue to invest heavily in profitability analytics to measure differentiations between customers, products and bankers financial performance. But, information is only as valuable as the action it initiates, and FP&A is failing to move beyond performance reporting. Modeling and methodologies debates become an obstacle to successful deployment to decisions makers to drive more profitable behaviors. This session examines the leading practices that move profitability analytics from merely a descriptive resource of past performance to a predictive and even prescriptive view of the potential future.

10:00am – 12:00pm EST
Accounting and Regulatory Update
Moderator: Sydney Garmong, CPA Partner - National Office, Crowe LLP
Shannon M. Beattie, CPA, Deputy Chief Accountant, Division of Risk Management Supervision - FDIC
Sarah Soo-jin Chae, CPA, Assistant Chief Accountant, Division of Supervision and Regulation - Federal Reserve
Alison Clark, CPA, Chief Accountant, Office of Examination and Insurance - NCUA
Jeffrey J. Geer, CPA, Associate Chief Accountant, Office of the Chief Accountant - OCC

This highly anticipated panel featuring the FDIC, Federal Reserve System, NCUA and OCC will address accounting and regulatory issues affecting financial institutions. With insights and updates of what is coming from Washington, observations on CECL and COVID-19 impacts, this panel will share in-depth upcoming standards and other financial reporting developments that will affect the financial institutions industry in 2020 and beyond.

12:30pm – 1:30pm EST
Balance Sheet Strategy: What Board Members & Senior Management Should Know in Any Environment
Scott Hildenbrand, Managing Director, Head of Balance Sheet Analysis and Strategy, Financial Services - Piper Sandler
Given the challenging rate environment and mounting competitive pressures, banks must have a firm understanding of all the on-and off-balance sheet tactics that can protect earnings and capital and create franchise value. Scott will explore ways your institution can identify your exposure to interest rates, structurally higher funding costs, regulatory changes, capital considerations and accounting implications. Scott will then discuss how management teams can evaluate and communicate strategies that will address these exposures.

3:00pm – 4:00pm EST
CECL: Accounting, Auditing and Regulatory Update
Ryan Abdoo, Partner - Plante Moran

Now that CECL has been implemented for the large accelerated filers, this session will share insights on lessons learned to date and perspectives on how we, as an industry, can continue to move forward. Specifically, we will discuss implementation issues identified, provide a technical update, provide an auditors perspective on auditing CECL and discuss any regulatory developments.

4:30pm – 5:30pm EST
Managing to the “What If?”: Staying Profitable in a Perfect Storm
Ken Levey, Vice President of Financial Institutions - Kaufman Hall & Associates, LLC
Bryan Ridgway, Senior Solutions Engineer of Financial Institutions - Kaufman Hall & Associates, LLC

Profitability is at the heart of any financial institution’s long and short-term strategy. Whether adding value for shareholders, members, or individual stakeholders, the need to provide and increase value is undeniable. Given the perfect storm that the industry has sailed into, including impacts from the COVID-19 pandemic, low and volatile interest rate environment, looming presidential election, and overall economic uncertainty, it is critical to understand what levers most impact performance and value.

In this session, Kaufman Hall finance experts Ken Levey and Bryan Ridgway will share insights to align your profitability and scenario analysis processes to best prepare for and navigate these turbulent times. Specific topics include:
  • The key components of Risk-Adjusted Return on Capital (RAROC) that should be on your radar
  • Utilizing these profitability components to make better empirical decisions
  • The importance of scenario analysis and identifying which levers to pull to maximize value

10:00am – 11:00am EST
ALM Policies: Make Them Better for Everyone
Brian Heim, Principal Member and Founder - IRR-analytics, LLC
ALM policies represent the foundation of an institution's asset/liability management program, yet they are often overlooked as a tool to define a streamlined and flexible program. These policies tend to accumulate unnecessary and impractical elements over time, and institutions may be hesitant to significantly modify policies that have been reviewed by examiners. This session will cover industry best practices for designing policies that establish a strong risk management framework, allow for discretionary flexibility, and meet regulatory expectations. Attendees will learn techniques for reducing page counts and improving policy language, ensuring that readers can easily understand all policy elements. The following sample ALM policies will be made available to all participants: Interest Rate Risk Policy, Liquidity Policy, and Contingency Funding Plan.

11:30am – 12:30pm EST
Building a Proactive Model Monitoring Program
Chris Mills, Managing Director - MountainView Financial Solutions, A Situs Company
In today’s reliance on financial models, it is now more than ever essential to be performing on-going monitoring of your models for appropriate fit and accuracy during these unprecedented times. On-going model monitoring of a model's performance throughout its working lifetime is a crucial tool of model risk management. Boards and ALCOs need comfort and the confidence that models employed are understood, accurate and modeling as intended, as well as understanding its limitations. In this presentation we will explore how to build an effective OMM framework and process, best practice model testing to confirm continued accuracy, model re-reviews and user attestations, and monitoring for model creep.

1:00pm – 2:00pm EST
Enterprise Risk Management: What We’ve Learned in the Last 5 Years (and How That Will Shape the Next)
Michael Cohn, Principal - WolfPAC Risk Management Solutions
The last five years have seen a lot of changes in how we experience Enterprise Risk Management (ERM)—from adopting the three lines of defense, to Risk Appetite Statements, to Key Risk Indicator (KRI) monitoring and reporting to the Board. So how do we realize the full potential of these activities while taking ERM to the next level? Attendees of this session will understand how similar organizations have gained value from their ERM programs over the last five years, and how the next wave of activities (such as measuring capital at risk) will keep that momentum moving forward.

CPE Credit Hours

CPE Logo The Financial Managers Society, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site:

  • Level: Basic, Intermediate and Advanced
  • Prerequisites: None
  • Advance preparation: None
  • Field of Study: Accounting, Auditing, Finance, Management Advisory Services and Taxes
  • Up to 13 hours
  • Instructional Mode: Group Internet Based
For more information regarding administrative policies such as complaints or refunds, call 312-578-1300. FMS has also entered into individual sponsor agreements with a number of states. For additional information, please call 312-578-1300.

Registrations are non-transferable (without written approval from FMS) and are available for 1 login per session. CPE certificates will only be provided to those who are registered with the Financial Managers Society.

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