Archive for: Board of Directors

, , , , , , , , ,

Making IT an Asset

In this presentation, we will discuss a forward-looking approach to cybersecurity including implementing a solid cybersecurity approach, the benefits of streamlining IT platforms, and deploying an IT framework that will grow with your business.

Amid a backdrop of continuous disruption across the banking industry, it’s important to recognize the value in fortifying your IT foundation. Since the financial industry is one of the most targeted industries for cyber threats, evaluating the security risks in banking is essential to protecting data, employees, and clients.

What You’ll Learn

  • Identify your company’s unique IT needs
  • Navigate the complex and challenging topics within cyber
  • Identify the right IT partner who can provide solutions that fit your company’s needs

Who Should Attend
Anyone who is in a leadership position in a company that operates in a regulated industry will benefit from this course.

Presenter Bio
Dave Detweiler is the Managing Director for SEI Sphere. In this role, he leads a team who helps business and technology leaders bridge the gap of cyber protection to secure their growing business. Detweiler’s professional background includes more than 20 years with SaaS startup organizations, specializing in building consultative teams that help define effective solutions for customers.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $85 per person
/by
, , , , , , , , ,

Outsourced Third Party Risk Management: Developing a Compliant Program

Third party risk management continues to be a top priority with the regulators, evidenced by the release of Interagency Guidance on Third Party Relationships: Risk Management, June 6, 2023. This comprehensive Guidance is intended to assist in identifying and managing risks associated with third party relationships and in complying with applicable laws and regulations.

Outsourced Third Party (Vendor) Risk Management continues to be a top priority with the regulators. Therefore, ensuring your Program is not only going to be effective but also meet their expectations needs to be a priority. When you outsource, you are placing your confidential customer information in someone else’s hands along with the availability and security of that information, but you still retain the responsibility for ensuring the integrity, confidentiality, availability, and security of the information making this a crucial part of your overall Information and Cyber Security Program.

The FFIEC issued Interagency Guidance on Third Party Relationships: Risk Management, June 6, 2023, which rescinded all previous Guidances issued by the Agencies addressing appropriate third party relationship risk management practices. This new guidance is intended to assist in identifying and managing risks associated with third party relationships and complying with applicable laws and regulations. In addition to the latest guidance, the FFIEC issued a revised Business Continuity Management handbook on November 14, 2019, that addresses Third Party Management, Third Party Capacity, Testing with Third-Party Technology Service Providers, and Cyber Resilience. The FFIEC Cybersecurity Assessment Tool (CAT) also includes declarative statements relating to Outsourced Third Party Risk Management practices. Your Outsourced Third Party Risk Management Program should address both Vendor and Third Party Service Provider relationships and activities including cloud providers, managed service providers, core banking and digital banking providers, and critical infrastructure providers like telecommunications, utility, and Internet service providers. Management of these relationships starts with proper strategic planning, performing due diligence prior to contracting, risk assessing each relationship to identify critical and significant relationships and those that present high risk no matter of their significance, reviewing contracts, and performing annual oversight.

What You’ll Learn

  • FFIEC expectations for your Program
  • Roles and Responsibilities
  • Expectations for Planning, Due Diligence and Selection, Risk Assessing, Contracting, and Oversight

Who Should Attend?
Senior Management, Information Security Officers, Compliance Officers, Risk Managers, IT Managers, Operations Managers, and IT auditors should attend.

Presenter Bio
Susan Orr is a leading financial services expert with vast regulatory, risk management, and security best practice knowledge and expertise.

As an auditor and consultant, Orr is dedicated to assisting financial institutions in implementing appropriate policies and controls to protect confidential information and comply with regulatory mandates and best practices. Her expertise as an auditor and former examiner provides her the knowledge and expertise to conduct comprehensive IT general control and data security reviews and assist banks in developing and updating policies and procedures and risk assessments, performing third party risk management, and facilitating testing and training. Orr is a Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in Risk and Information Systems Control (CRISC).

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download + $140
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $85 per person
/by
, , , , , , , ,

Cybersecurity Mindset – How to Move from Reactive to Proactive

The responsibility for managing and overseeing any organization today is massive and has evolved greatly over the last ten years to include investments in technology and cybersecurity. The Board of Directors and Senior Management are held accountable to the organization’s shareholders, employees, customers, the community they serve, and (in many cases) regulators.

While more organizations work hard to be proactive with finances and operations, oversight of technology and cybersecurity tends to yet be very reactive. Funding and resources are typically very limited until an incident occurs that jeopardizes the operations of the business. This presentation will cover the benefits of moving from a reactive to a proactive cybersecurity mindset, advice for being proactive, and how to create a culture of cybersecurity in your organization.

What You’ll Learn

  • Differences between a reactive and proactive cybersecurity mindset
  • Results of a proactive cybersecurity mindset
  • Tactical advice for being proactive
  • Creating a culture of cybersecurity

Who Should Attend
Information Security Officers, IT Managers, Risk Officers, Internal Auditors, and Executives looking to improve their Information Security Programs will benefit from this webinar.

Presenter Bio
Dylan Kreutzfeldt is an Information Security Consultant at SBS CyberSecurity (SBS), a company dedicated to helping organizations identify and understand cybersecurity risks to make more informed and proactive decisions. He is also an instructor for the SBS Institute, leading the Certified Banking Security Technology Professional (CBSTP) course and hosting educational webinars, security awareness training, and additional speaking engagements.

Dylan maintains Certified Banking Security Manager (CBSM), Certified Banking Security Technology Professional (CBSTP), and Certified Banking Cybersecurity Manager (CBCM) certifications. He received his Bachelor of Science in Network Security and Administration from Dakota State University.

Dylan joined the SBS team in 2015, holding IT audit and network security roles before transitioning into consulting. He specializes in the implementation and governance of internal cyber controls technical background and his skill set was a driving force in championing the creation of the company’s Office 365 testing program.

Dylan is passionate about supporting his clients as they continually strive for increased cyber maturity and growing the relationships he builds along the way.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $85 per person
/by
, , , , , , , , , , ,

FedNow® 101: What to Know Now About FedNow

Join us for this informative webinar, where we delve into the key details of the Federal Reserve Banks’ groundbreaking service: FedNow®. This interactive webinar is aimed at financial institutions, payment professionals, and anyone interested in the evolving landscape of real-time payment solutions.

Learn how FedNow® is transforming the payments industry with its innovative instant service, enabling immediate funds transfer, and round-the-clock accessibility. The Payments Professor will take you through FedNow’s features, benefits, and potential implications for the financial industry and beyond.

From understanding the basics of the technology behind FedNow® to its impact on payment speed and efficiency, the Professor will address all your questions and equip you with the insights to navigate the future of instant payments.

Whether you’re a bank executive, a FinTech enthusiast, or merely curious about the latest trends in banking and finance, this webinar will provide valuable knowledge and perspective.

Register today and be part of this educational journey to understand how FedNow® is poised to redefine the real-time payments ecosystem.

What You’ll Learn

  • Understand the concept behind FedNow® and the technology that powers real-time payments.
  • Discover the advantages of FedNow®, including immediate funds transfer and 24/7/365 availability.
  • Learn about the potential impact of FedNow® on the existing financial ecosystem through multiple use cases.
  • Gain insights into how FedNow® enhances user experience with instant payment confirmations.
  • Explore the basics security features incorporated in FedNow® to ensure secure and reliable transactions.
  • Understand the role of FedNow® in facilitating interbank instant settlement.
  • Examine the opportunities and challenges that FedNow® service presents for financial institutions.
  • Discuss the potential for future developments and innovations in the real-time payments space with FedNow®.

Who Should Attend?
C-suite executives, Transaction Banking Professionals, Digital Strategy Professionals, Risk Management Departments, Compliance Officers, IT Departments, Innovation and Product Development Teams, and Training and Development Departments.

Each of these roles would gain valuable insights into the FedNow® service and the potential impact it could have on their operations.

Instructor Bio
Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Olsen develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Olsen is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).

Among his many certifications, Olsen is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification), as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a masters in industrial organizational psychology from Liberty University.

Registration Options
$279 Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

Available Upgrades

  • 12 Months OnDemand Playback + $110
  • 12 Months OnDemand Playback + Digital Download + $140
  • Additional Live Access + $85 per person
/by
, , , , , , , , ,

The Rapidly Evolving Cyber Threat Landscape

The cybersecurity threat landscape is rapidly changing. Financial firms are regularly targeted and the profile of threat actors has continually evolved. While commodity hackers and clever criminals persist as a threat, increasingly the danger is coming from organized threat groups that operate like a business. Understanding the difference between aggressors and the changing nature of the threat landscape is essential for maintaining commensurate safeguards, monitoring, and response. This session will survey the current cybersecurity threat landscape, understand the nature of the various threat actors, and dive deeper into the business context of cybersecurity.

What You’ll Learn

  • Survey the current cybersecurity threat landscape
  • Understand the nature of the various threat actors
  • Gain perspective on the importance of cyber strategy

Who Should Attend?
This program is for anyone in the technology and cybersecurity space.

Presenter
Dave Detweiler is the Managing Director for SEI Sphere. In this role, he leads a team who helps business and technology leaders bridge the gap of cyber protection to secure their growing business. Detweiler’s professional background includes more than 20 years with SaaS startup organizations, specializing in building consultative teams that help define effective solutions for customers.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $85 per person
/by
, , ,

Directors Summit

This one-day WBA Directors Summit will discuss key issues regarding leadership and management of community banks from the director’s perspective. The Summit is recommended for bank management teams, beginning or experienced inside and outside directors, bank CEOs, executive officers, and bank general counsel.

 

8:00 a.m. Summit Registration and Continental Breakfast

8:30 a.m. Succession Planning to Stabilize a Bank’s Future Leadership – Julia Johnson, WIPFLI, LLC

The changing workforce and aging baby boomers are realities leading more financial institutions to seek help in understanding which of their staff is able and willing to fill key roles over the next five years. Determining the depth of the talent pipeline internally and externally isn’t easy. Succession planning is not a new concept, yet many struggle at creating processes and a robust approach that moves beyond a static list of names kept in a file. A succession planning program includes a focus on positions critical to the bank’s strategic plan as well as a focus on employees and their development. This session will talk about the issues and challenges of succession in today’s workplace and provide some practical approaches and tools to guide effective Succession Planning.

9:30 a.m. Break

9:45 a.m. General Session: The Secret to How David Beats Goliath – Robb Rempel, Haberfeld

Today only 24% of all US consumers claim that a community financial institution is where they bank, while the six largest banks in the US own 60% of the primary relationships. Do you as a community financial institution know how to win market share back? Do you know where and how to find the most likely consumers when they are finally ready to change financial institutions? There is a pipeline of opportunity, but most community banks don’t know where to start. Join us as we explore specific strategies to grow your community bank.

10:45 a.m. Break

11:00 a.m. General Session: Setting the Table for ‘24 – Marc Gall, BOK Financial Capital Markets

  • Preparing for Fed pause/cuts (Economic conditions)
  • Discussion on budgets for 24 vs. 23 – Year-End repositioning to improve go-forward earnings

12:00 p.m. Lunch

12:45 p.m. General Session: The Future of Fintech and Bank Alliances – Brandon Chasse, Wolf & Company, P.C.

For years, FinTechs and banks have maintained a strict pattern of competition—battling for similar audiences and clients. But things are changing. Financial institutions and FinTechs have begun to realize the advantages of partnerships, leading to groundbreaking transactions and revolutionary innovations. During this session, we’ll discuss the benefits of fintech-bank partnerships, strategies for successfully entering into these relationships, and how banks can implement fintech. You’ll also get an inside look at what banks are looking for in potential fintech partners, and how FinTechs can become more attractive to banks.

1:45 p.m. Break

2:00 p.m. General Session: The Beta Trap: A Significant Earnings Problem, Hidden in Plain Sight – Thomas Back, Performance Trust

Funding costs are skyrocketing in the early part of 2023. Many banks in the United States could be facing a significant earnings problem. Our analysis suggests more than 1,000 U.S. banks could become unprofitable and they might not be aware of it. To understand the gravity and scale of this problem, we need to re-examine what we think we know about the looming Cost of Funds (COF). We also must explain why nearly all banks earnings projections are missing this. A different approach reveals the hidden truth.

3:00 p.m.  Adjournment

Registration Information

The registration fee of $195/per attendee includes all Summit materials and meals at the event. During the registration process, you can pay with a credit card or select to be invoiced. Refund Policy: A refund, less a $25 administrative fee, is provided for cancellations requested on or before Friday, October 6, 2023.

/by
, , , , , , , , ,

Intro to Money Market Securities

We will discuss how money markets differ from “capital markets,” and compare how money market securities differ from money market deposit accounts offered by banks. We will also cover the different issuers of money market securities.

What You’ll Learn

Characteristics and purposes of each of the following:

  • T-bills
  • Commercial paper
  • Eurocurrency (e.g., Eurodollar)
  • Negotiable certificates of deposit
  • Banker’s acceptances
  • Repurchase agreements (generally)
  • Tri-party repos (more specifically)
  • Money market mutual funds:

    • Cover the $1 NAV
    • Review what happens if “the buck is broken”
  • Purchasers of MM Securities:

    • FRB
    • Banks
    • Mutual Funds
    • Other investors

Who Should Attend?
Board of directors, senior management, those in depository areas of institutions, and anyone looking to learn more about money market deposit accounts.

Presenter

Todd Rosenfeld is chief learning officer at Securities Training Corporation (STC), the market leader in securities training. He manages the company’s instructor staff and its design and development department. He works closely with the firm’s offices and affiliates to ensure quality and consistency in the delivery of STC courses worldwide in both securities licensing and continuing education. Rosenfeld also directly oversees the firm’s relationships with many of the major investment banking and brokerage firms.

As a seasoned instructor and executive, Rosenfeld regularly presents at industry conferences, including the Association of Registration Management (ARM) and the annual FINRA Conference. Founded on Wall Street in 1969, Securities Training Corporation (STC) has successfully helped millions of professionals pass FINRA regulatory exams, launch their careers and meet continuing education requirements.

Rosenfeld joined STC in 1981 as an instructor and was named Director in 1987. He is a member of Securities Industry Financial Markets Association (SIFMA) legal and compliance society. He is a graduate of the State University of New York at Binghamton.

Registration Options

$279 Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Available Upgrades
    • 12 Months OnDemand Playback $110.00
    • 12 Months OnDemand Playback + Digital Download $140.00
    • Additional Live Access $85.00 per person
/by
, , ,

The Role of Board Secretary

The board secretary’s dynamic role is critical. It involves and affects administration of corporate governance, director liability, communication with directors and management, oversight of policy/procedure reviews, obtaining and maintaining annual documentation, compliance issues, and more.

This session will provide the information and tools needed to be a successful board secretary. It will review responsibilities and provide best practices to enhance administration of corporate governance, including establishing an agenda, delivering the board package, scribing contemporaneous meeting notes, and documenting the details in the official minutes. We will also review best practices for documenting “healthy debate” and discussion that may occur during a board meeting. We will provide guidance and tips for becoming more effective and efficient, and provide tools to facilitate success.

What You’ll Learn

  • Understand the responsibilities of a Board Secretary
  • Appropriately Document board oversight of your institution’s risk management program
  • Efficiently Prepare for the agendas and board package for our next board meeting
  • Track items for board review
  • Craft board minutes with the needed details
  • Understand the benefits of electronic board packages

Who Should Attend?

This informative session is designed for board secretaries, executive assistants, senior management, and directors to aid in their roles.

Presenter

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years of experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently, Kincaid served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services. Kincaid has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits, and exams, and presented for numerous state associations.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download  + $140
    • Additional Live Access + $85 per person

 

/by
, , , , ,

Board Reporting Best Practices, Requirements, Delivery, Risk, & More

This invaluable session will explain the types of reports to include in board packages and how to recognize “red flags” in board reports. It will address how the reports should be used to ensure directors are receiving the necessary details to stay informed of issues impacting your institution and make effective, risk-based decisions.

After This Webinar You’ll Be Able To:

  • Understand directors’ responsibilities and examiners’ expectations of them
  • Track that corporate documents, policies, and reports are appropriately reviewed by the board
  • Review compliance exception reports
  • Define BSA responsibilities for the board, including policy and risk assessment approval, training requirements, and review of audit/exam findings
  • Explain key information from lending reports, including tracking concentrations, stress testing, and LTV standards

Webinar Details
Ultimate responsibility for your institution’s risk-management program lies with your board of directors. Examiners will evaluate the overall effectiveness of management and the board by analyzing:

  • Board and senior management oversight
  • Policies, procedures, and limits
  • Risk monitoring and management information systems
  • Internal controls

To facilitate this review, examiners will look at reports and minutes from board and subcommittee meetings to confirm whether management is effectively communicating with the board and that the board has appropriate oversight over risk management, compliance, operations, and financials. Therefore, receiving clear, concise, complete information is critical to a board’s decision-making.

Who Should Attend?
This informative session is designed for directors, compliance officers, risk managers, senior management, board secretaries, and auditors.

Take-Away Toolkit

  • Sample risk assessments
  • Sample policy review schedule
  • Sample board reports
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter

Dawn Kincaid, Brode Consulting Services Inc
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Kincaid served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Kincaid has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
/by
, , , , , ,

Strategies for Succession Planning and Talent Management

In this webinar you will learn strategies to avoid losing your top talent, and how to establish a simple, yet successful, Talent Management Program. This in turn integrates into your Strategic Plan. The presenter will cover nine competencies your successors must possess and you will walk away with strategies and tactics you can implement in your institution immediately.

What You’ll Learn

  • Learn about the key components of a strong Talent Management Program
  • How to conduct a talent assessment in your organization
  • A step-by-step process of how to integrate your Talent Management Program into your Strategic Plan
  • Strategies on how to retain your top talent and attract the right talent
  • The importance of succession planning and how to get started at all levels
  • The nine competencies your successors must possess
  • How to strategically outsource HR

Who Should Attend
Human Resources personnel including HR Director, managers, supervisors, senior leadership of any organization, Board of Directors, as well as ownership.

Instructor Bio
Marcia “Marci” Malzahn is the president and founder of Malzahn Strategic, a community financial institution management consultancy focused on strategic planning, enterprise risk management, treasury management, talent management, and EOS’ Implementation.

Malzahn has 30 years of banking experience, ten of those years as the EVP/CFO and COO of a community bank she co-founded where she oversaw all areas of operations. In her last year as EVP/COO/CRO, Malzahn created and focused on the bank’s enterprise risk management program.

Malzahn is the recipient of several professional awards, is a published author of four books, and an international bilingual keynote speaker, speaking frequently at banking and credit union conferences and associations as well as leadership and women’s conferences. As a Certified Virtual Presenter, Malzahn also provides online and onsite training for financial institutions.

Malzahn is a certified life coach, holds a B.A. in business management from Bethel University, and is a graduate of the Graduate School of Banking in Madison, Wisconsin.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $85 per person
/by
WBA logo

questions@wisbank.com

608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

Get our Newsletter!
Subscribe