Community Bank Operational Risk Workshop
The Federal Reserve Bank of Chicago Supervision & Regulation department hosted a new Community Bank Operational Risk Workshop for its state member banks.
In this partial-day session, new and experienced bank management learned more about operational risk and its underlying components, including:
- Operational Risk Overview
- Audit Fundamentals
- Information Security/Cyber and Business Continuity
- Third Party Risk
- Bank Secrecy Act/Anti-Money Laundering
- Fraud Risk Management
The session provided an overview of the individual risk stripes while also sharing trends, best practices, and industry topics.
Processes, People and Systems
Overview, Best Practices, Common Pitfalls
Identifying Risks and Ensuring Controls
Building and Managing an Effective Program
Current Risk Landscape
Overview and Best Practices