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.