Monday, Oct. 17
12:00pm – 1:00pm
1:00 pm – 1:15 pm
1:15 pm – 2:45 pm
BSA Compliance – Customer Due Diligence and Beneficial Ownership Factor into a Bank’s Risk Management
Presenter: Michelle Nuckols, DHG
While quick and convenient are hallmarks of the customer experience, they can create hurdles for compliance functions. As your bank considers organic growth or an acquisition, proper BSA governance is imperative to manage risk through customer due diligence and beneficial owners.
2:45 pm – 3:00 pm
3:00 pm – 4:00 pm
Cyber Risk Update
Presenter: Ben Sady, DHG
Cyber-attacks, data breaches and security incidents are a very real threat today with the potential to cause significant damage if not handled correctly. Implementing proper cybersecurity measures is a critical component to the protection of any company’s valuable data, especially as customers interact with their bank through many technology-based platforms. We will take a look at how your IT audit can be positioned to help mitigate cyber risks. We will also look at a plan to audit your ATM’s security.
4:00 pm – 5:00 pm
Managing Interest Rate Risk (IRR)
Presenter: Danny Lane, DHG
Interest rates continue to fluctuate and regulations are not stopping crises from occurring. As such, the interest rate risk must be understood and properly monitored at your bank. We will discuss best practices related to measuring and monitoring IRR, as well as tips to work with the bank’s Asset Liability Management Committee (ALCO) to achieve the right balance of risk and reward.
8:00 am – 8:10 am
8:10 am – 9:10 am
Prepare for Call Report Requirements Today
Presenter: Sara Dopkin, DHG
It takes a village to issue a call report some quarters – accounting changes need to be considered, as well as reporting requirements, operational and loan schedules and Basel III, just to name a few. We will cover the compliance requirements, as well as share best practices learned from clients to help make the process run as smoothly and efficiently as possible.
9:10 am – 10:10 am
Same Day ACH Payments: The Impact to Audit & Compliance
Presenter: Kimberly Rector, The Mid-Atlantic Payments Association
After 40 years, the ACH Network now processes more than 24 billion payments annually. In September of 2016 a fundamental change to the ACH Network happened with the implementation of Same Day ACH and the addition of two new settlement windows. This change impacted all financial institutions and will definitely affect both audit testing and risk management for financial institutions. This session will highlight the Same Day ACH Rules changes and what issues should be reviewed for compliance and audit.
10:10 am – 10:40 am
10:40 am – 12:00 pm
TRID, Escrow, Flood and UDAAP Compliance – Oh My!
Presenter: Ann Barrar, DHG
As regulations continue to evolve, it can be difficult to keep current with all the nuances. For mortgage divisions, the TILA-RESPA Integrated Disclosure Rule (TRID) and escrow requirements affect the financing process at each milestone, and the Consumer Financial Protection Bureau (CFPB) has a keen eye for a bank’s compliance with the Unfair, Deceptive or Abusive Acts or Practices (UDAAP) principles. Learn about flood determinations, the importance of performing the determination prior to closing and flood insurance (if applicable prior, to closing). In this presentation, we will offer best practices and tips gained from clients to help you plan ahead for your audit process.
12:00 pm – 1:00 pm
1:00 pm – 2:00 pm
Presenter: Jason Schemmel, Federal Reserve Bank of Richmond
2:00 pm – 3:00 pm
Best Practices Panel Discussion
Moderator: Lori Charlebois, DHG
Panelists: Kevin Thomas, Eagle Bank and Susie Brantner, First United Bank