Last Updated:
4/13/2021
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.
Wednesday, 05/19/21
9:00 AM
Opening Remarks
Speaker
Ric Brunskill, Vice President
9:10 AM
Operational Risk Overview
Processes, People and Systems
Speakers
Mark Ahern, Senior CRSB Examiner
Jessica Swiatek, CRSB Examiner
Bob Millerick, Senior CRSB Examiner
9:30 AM
Audit Fundamentals
Overview, Best Practices, Common Pitfalls
Speakers
Mark Ahern, Senior CRSB Examiner
Jessica Swiatek, CRSB Examiner
Bob Millerick, Senior CRSB Examiner
10:00 AM
Information Security/Cyber and Business Continuity
Identifying Risks and Ensuring Controls
Speakers
Kim Rucker, Senior CRSB Examiner
Glenn Shannon, Senior CRSB Examiner
11:00 AM
Lunch Break - 1 Hour
12:00 PM
Third Party Risk
Building and Managing an Effective Program
Speakers
Anthony Toins, Senior CRSB Examiner
Fredia Wynne, Lead Risk Management Specialist
12:45 PM
Bank Secrecy Act/Anti-Money Laundering
Current Risk Landscape
Speakers
Bob Jefferies, Senior CRSB Examiner
Kyle Storm, Lead CRSB Examiner
1:30 PM
Stretch Break - 10 minutes
1:40 PM
Fraud Risk Management
Overview and Best Practices
Speakers
Mike Jopa, Senior Risk Management Specialist
Amanda Wolfe, Senior CRSB Examiner
2:25 PM
Closing Remarks
Speaker
Matt Shull, Supervision Manager
