The Daily Dividend: FMS Education

News, notes and insights from around the industry

APRIL 15, 2019
Carolina in My Mind
By Mark Loehrke, Editor, Financial Managers Society

Carolina in My MindWe’re just about a month away from a pair of enlightening FMS spring seminars in Charlotte, North Carolina, both featuring expert presenters covering topics applicable to almost every financial institution.  

First up on May 13 and 14, industry veteran Deb Donaldson explains how to define accurate and institution-specific assumptions and category characteristics for interest rate reporting in her two-day seminar Comprehensive IRR from Three Perspectives: Management, Modeler and Auditor. Deb’s wide-ranging and interactive program – covering everything from regulatory requirements to stress testing to trend analysis – also includes the opportunity for attendees to bring their own policies, ALM/IRR results and ALCO packages to put their newfound knowledge to practical, hands-on use.

Then on May 15 and 16, Chris Mills and Tony Eramo from MountianView Financial Solutions will spend a couple of days Demystifying Liquidity Risk Managementby demonstrating everything from how to develop an effective liquidity risk management framework to how to build and strengthen plans and best practices for intraday liquidity, contingency funding and stress testing.

This is a great opportunity to take a deep dive into an array of issues that are vital to the success of your bank or credit union, so make plans now to join FMS in Charlotte. Can’t decide which seminar to attend? Stay for the week and take them both in with our special combo deal.
 

APRIL 12, 2019
FMS Webinar: Applying the WARM Method
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLCECL compliance remains a major concern at financial institutions across the country. Now, with the FASB’s release of a Q&A document in January 2019, the weighted average remaining maturity (WARM) method has been confirmed as an option. 

Join FMS on Wednesday, April 17, when Ryan Abdoo of Plante Moran will lead our webinar “CECL: Full Application of the WARM Method.” This session will illustrate how to calculate the lifetime loss rate and apply the current condition and reasonable and supportable forecasts consistent with the accounting standard, as well as the logical order in which to do so.

 
As always, this webinar is complimentary for FMS members. (Not a member? Join today!)

 

APRIL 8, 2019
Taming the Spreadsheet Beast
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLAlmost every bank and credit union these days, regardless of size or complexity, likely relies to some degree on spreadsheets to help organize and manage their data. In many cases, however, that dependence throughout the organization can lead to a level of proliferation and splintering that is almost impossible to control at an institutional level. 

For example, sometimes the spreadsheets, databases and other information management systems institutions are using are themselves flawed, and thus deliver flawed results. That’s the topic of the new Perspectives piece Is Your Shadow IT Compromising Your Growth and Compliance?, in which Joe Galletta of ClusterSeven explains how institutions can work to protect themselves against the risks of spreadsheet proliferation. 

That topic leads nicely into our latest webinar on Wednesday, April 10, as several experts from ClusterSeven show how to implement a spreadsheet risk management framework that will enhance your business model and CECL compliance in Spreadsheet Risk Management: A Practical Approach to Business Management and CECL Compliance. (As always, this webinar is complimentary to FMS members – and if you’re not a member, join now!)
 

MARCH 27, 2019
FMS Webinar: How AI is Changing Banking
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLAs AI and Big Data join forces to change the way that businesses and consumers make their financial decisions, financial institutions must stay abreast of changing financial technologies and ensure they are empowered by them – not overpowered. At the same time, regulators are considering how to encourage fintech innovation while avoiding the apparent threats these new technologies create.

Join FMS on Thursday, April 4, for our webinar “How Artificial Intelligence is Changing and Challenging Banking and Bank Regulation.” A panel of experts from two Federal Reserve Banks and a legal practitioner turned policy influencer will describe the new horizons and issues that AI presents, offering insights into how AI is poised to change Anti-Money Laundering, Know-Your-Customer, data privacy and other regulatory compliance obligations.

 
As always, this webinar is complimentary for FMS members. (Not a member? Join today!)
 

MARCH 18, 2019
FMS Webinar: How to Measure the Cost of Technology in Banking
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLAccording to FMS research conducted in 2018, 75% of community institutions consider technological innovation an important factor for growth. But with approximately 20% of their operating budgets going to technology, most still have no sustainable technology cost measurement system.

If this sounds like your institution, join us this Wednesday, March 20, for the live webinar session “How to Measure the Cost of Technology in Banking.” Jane Blake, president of MacDougall & Black, Inc., will share measurement techniques, how to identify useable data, unit cost controversies and more – helping you to get a better handle on just how much all of that innovation is costing your bank or credit union. 

As always, this webinar is complimentary for FMS members. (Not a member? Join today!)
 

MARCH 11, 2019
Two-Week Notice
By Mark Loehrke, Editor, Financial Managers Society

While it’s true that good things often come to those who wait, when it comes to the 2019 FMS Forum, the better things come to those who act now. Because there only two weeks left to take advantage of our early rate and save $200 off the regular rate! 

So register today to get this special rate on all of the amazing educational opportunities and valuable peer connections at the Forum – you only have until March 24! And keep in mind that FMS members enjoy an even lower rate than non-members, so if you haven’t already, join now!
 

MARCH 4, 2019
New FMS Resource: BankTalentHQ
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

New FMS Resource: BankTalentHQThe competition for qualified talent is red hot, and FMS research from 2018 found that half of all of the institutions surveyed were struggling to attract and keep good employees. In other words, in a tight labor market like this one, banks and credit unions have to use everything at their disposal to find the best talent out there.

With that in mind, FMS is proud to announce a new partnership with BankTalentHQ, a talent management resource for the financial industry. BankTalentHQ is a full online career center that includes an extensive financial industry job board that allows you to post job openings for your institution.

Whether you’re looking for a job with a financial institution, service provider or regulator, or you’re an employer with a key position to fill, BankTalentHQ is here to help you find what you need!
  



Contributors


Mark Loehrke
Editor and Director, Publications and Research
Email: mloehrke@FMSinc.org 



Danielle Holland
President/CEO
Email: dholland@FMSinc.org 




Hilary Collins
Specialist, Publications and Research
Email: hcollins@FMSinc.org