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The Risk Management Association

Author: The Risk Management Association

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The Risk Management Association
189 Episodes
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In an interview with RMA Communications Manager Stephen Krasowski, Rob Edwards, Chief Risk Officer, United Community Bank, discusses risks facing community banks and lessons learned during the pandemic, interest rates, PPP, and changes to policies and practices. For podcast sponsorship/advertising opportunities, contact Adam Lennon at alennon@rmahq.org.
Despite the associated challenges surrounding the pandemic, preparedness will be the key to CECL. It is important that we actively identify the issues that will create complications and address them in preparing the estimate, work in advance to discuss and clear issues or positions with the auditors and regulators, and determine that there are controls in place to make sure everything gets done right. In an interview with RMA Communications Manager Stephen Krasowski, Benjamin Hoffman, Managing Director of Financial Risk Management at KPMG and Joseph Bielecki, Director, Advisory, of Financial Risk Management at KPMG, discuss the volatility of CECL estimates, COVID-related modifications and challenges, model limitations, and accounting policy elections and assumptions. For podcast sponsorship/advertising opportunities, contact Adam Lennon at alennon@rmahq.org.
Linda Tuck Chapman, CEO of Third-Party Risk Institute, discusses what went right in 2020 and strategies for 2021 regarding third-party risk. For podcast sponsorship/advertising opportunities, contact Adam Lennon at alennon@rmahq.org.
RMA responded to the COVID-19 crisis by quickly pivoting to virtual peer sharing and other events, adding new business solutions, and creating content across our many platforms to help institutions navigate an unprecedented economic shock and be more responsive to our members’ needs. In an interview with RMA Communications Manager Stephen Krasowski, RMA President and CEO Nancy Foster discusses the Association's top initiatives from the past year. For podcast sponsorship/advertising opportunities, contact Adam Lennon at alennon@rmahq.org.
In an interview with Stephen Krasowski, Communications Manager at RMA, Branan Cooper, a financial services industry expert with over 30 years experience with banks like MBNA America, Western Alliance Bancorp, The Bancorp Bank, and a RegTech company, discusses the impact of regulation on third party risk management, challenges of third party risk, and how third party risk fits into an organization’s overall ERM framework. For podcast sponsorship/advertising opportunities, contact Adam Lennon at alennon@rmahq.org.
Linda Tuck Chapman, CEO, Third Party Risk Institute, discusses the SolarWinds megabreach, the most sophisticated hack ever, from the third and/or fourth party perspective. She also provides recommendations on what firms can do to strengthen their third-party risk management practices. Have a smart phone or tablet? Subscribe for FREE to our podcasts on iTunes, Spotify, and Google Play. For podcast sponsorship/advertising opportunities, please contact Adam Lennon at alennon@rmahq.org.
In an interview with RMA Associate Director of Operational Risk Sylwia Czajkowska, Annmarie Giblin, founding and principal attorney of Giblin Law PLLC, discusses cyber management, why ransomware has become one of the industry's main regulatory concerns, and challenges with third parties/vendors. RMA will be hosting a webinar on the topic on February 9. Register now: http://www.rmahq.org/MeetingDetail.aspx?productId=686259634 For podcast advertising/sponsorship opportunities, please contact Adam Lennon at alennon@rmahq.org.
In this installment of the monthly podcast series on model risk management, Fran Garritt, Director of Global Markets Risk and Securities Lending at RMA. and Kevin Oden, Founder and Managing Partner of Kevin D. Oden & Associates and Managing Director of RMA’s Model Validation Consortium, discuss data’s role in an institution as it relates to BCBS 239, model validation, data framework and architecture, governance, and how artificial intelligence and machine learning consume data. For more information on RMA's Model Validation Consortium, visit landing.rmahq.org/mvc. For podcast advertising/sponsorship opportunities, please contact Adam Lennon at alennon@rmahq.org.
The RMA Journal recently interviewed Mauro Guillen, holder of the Zandman Endowed Professorship in International Management at the Wharton School of the University of Pennsylvania. In the interview, he discusses his book, "2030: How Today's Biggest Trends Will Collide and Reshape the Future of Everything," and the ways the enormous geopolitical, demographic, and climate-related changes we are about to experience will affect the banking industry. Here is a clip from that interview where he talks about challenges and opportunities for banks in the future. The full interview can be found in the February edition of The RMA Journal. For podcast sponsorships/advertising opportunities, please contact Adam Lennon, RMA Sponsorship Sales Manager, at 646-590-4557 or alennon@rmahq.org.
In March 2020, RMA conducted a survey on the potential for negative rates in the U.S. The survey originated in discussions with the RMA Market Risk Council as coronavirus uncertainty dominated the markets and the Federal Open Markets Committee took the Fed Funds Target Rate to the effective zero rate “floor.” Council members concluded that a survey covering the potential for a U.S. negative rates policy, the probable industry impact, and financial firms’ readiness to operate in a negative rates environment would be valuable to the industry. Fran Garritt, Director of Global Markets Risk and Securities Lending at RMA, and Thomas Gregory, long-time member of RMA’s Global Markets Council, discuss insights from the “Negative Rates Preparedness and Strategy” white paper, the likelihood and consequences of a negative rates policy, and how regulators plan to address the issue. To read the paper in its entirety, visit www.rmahq.org/focus-on-the-negative-banks-assessment-of-the-potential-for-the-us-negative-rates-policy-and-their-preparedness/
In this installment of the monthly podcast series on credit risk and model risk management, Fran Garritt, Director of Global Markets Risk and Securities Lending at RMA. and Kevin Oden, Founder and Managing Partner of Kevin D. Oden & Associates and Managing Director of RMA’s Model Validation Consortium, discuss the differences between ALLL and CECL, the impact of the switch to CECL on modeling, and the concepts, processes, or practices that may exist under CECL. For more information on RMA's Model Validation Consortium, visit landing.rmahq.org/mvc.
In the first installment of a series on model risk management, Fran Garritt, Director of Credit and Global Markets Risk at RMA, and Kevin Oden, Founder and Managing Partner of Kevin D. Oden & Associates and Managing Director of RMA's Model Validation Consortium, discuss RMA's recent white paper on its model risk framework for small institutions that includes model development, model validation, model risk management. For more information on RMA's Model Validation Consortium, visit http://landing.rmahq.org/mvc
Joe Iraci, Chair of RMA's Operational Risk Council, discusses the impact of COVID-19 on negative interest rates.
In an interview with RMA Communications Manager Stephen Krasowski, Director of Professional Development Monique Donahue discusses RMA’s self-directed online courses that allow participants to advance through the all-digital material following the pathway that best meets their needs. Information on how to register and the list of courses can be found here: http://landing.rmahq.org/self-directedlearning/
*Sponsored by Ncontracts: http://www.ncontracts.com/ In an interview with RMA Communications Manager Stephen Krasowski, Stephanie Lyon, Vice President of Compliance at Ncontracts, discusses consumer complaint trends; the importance of managing consumer complaints; and best practices to strengthen your consumer complaint management program. Ncontracts will be sponsoring a webinar on this topic on December 9: http://www.rmahq.org/MeetingDetail.aspx?productId=686105540 Ncontracts will also be sponsoring a virtual forum titled “Fair Lending Compliance Best Practices & Analysis of Your Program” on December 8 and 10, which will discuss fair lending compliance risk and help you to understand your program and where you want to be: http://www.rmahq.org/MeetingDetail.aspx?productId=686116655
Joseph Breeden, President of Prescient Models LLC, discusses how COVID-19 has impacted modeling in the financial industry. You can purchase Breeden's RMA-published book titled "Perspectives on Credit Risk, Portfolio Management, and Capital" here: http://www.amazon.com/Perspectives-Credit-Portfolio-Management-Capital-ebook/dp/B00SVE6P3S/ref=sr_1_1?dchild=1&keywords=joseph+breeden+rma&qid=1605106951&sr=8-1
In an interview with RMA Communications Manager Stephen Krasowski, RMA Global Markets Risk and Securities Lending Director Fran Garritt, discusses RMA’s white paper titled “The New Normal | Digital Asset Corporate Actions.” Through the paper, RMA aims to facilitate prompt discussion of emerging technologies that help transform securities lending’s end-to-end workflow.
In an interview with Brookline Bancorp Director of Corporate Credit Policy Maureen McCarthy, Bank Rhode Island Senior Credit Risk Manager Richard Dunn and Brookline Bancorp Senior Workout Specialist Meghan Breuer share their knowledge and insights on loan workout.
In an interview with RMA Communications Manager Stephen Krasowski, RMA Credit Risk Council Chair Seth Waller, chief credit officer at TIAA Bank, discusses the advantages of a dual, or quantitative, risk rating system versus a single, or qualitative, approach. If your institution is interested in moving from single to dual risk rating and/or for information on RMA’s Dual Risk Rating solution, please visit RMA’s website at http://landing.rmahq.org/dualriskrating or send an email to riskrating@rmahq.org.
Linda Tuck Chapman, President, Ontala Performance Solutions, discusses third-party risk management as it relates to asset management and/or compliance.
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