Boot Camp

Bank Audit & Risk Committees Boot Camp | June 8

There is a great deal of change associated with regulatory oversight, including what needs to be reported and tracked for regulators, what’s in that reporting and how that affects a bank and its growth plan.  Designed for new committee members – and those members who need a refresher, the Bank Audit & Risk Committees Boot Camp provides a crash course in equipping participants to perform as effective members of their board’s audit or risk committee.

AGENDA | MONDAY, JUNE 8 | Sponsored by: Baker Tilly Virchow Krause, LLP

9:30 a.m. – 10:00 a.m.
Registration + Breakfast

10:00 a.m. – 10:05 a.m.
Welcome
John Maxfield, Executive Editor, Bank Director

10:05 a.m. – 10:50 a.m.
Session I: Roles & Responsibilities of the Audit Committee
Mark Boettcher, Senior Manager, Baker Tilly Virchow Krause, LLP
Timothy Kosiek, Partner, Baker Tilly Virchow Krause, LLP
This session provides participants with foundational knowledge about the roles and responsibilities of the audit committee from an expert in the industry, covering topics such as hiring, firing and managing the external auditor; reviewing the effectiveness of internal controls; managing the relationship of the committee with the internal auditor and other senior management; reviewing critical accounting policies and practices used; and much more.

10:50 a.m. – 11:35 a.m.
Session II: Audit Committee – Advanced Topics
Mark Boettcher, Senior Manager, Baker Tilly Virchow Krause, LLP
Timothy Kosiek, Partner, Baker Tilly Virchow Krause, LLP
Session II reviews the latest information on best practices related to the audit oversight function, including topics like BSA/AML, CECL, vendor management and new accounting standards on the horizon.

11:35 a.m. – 11:50 a.m.
Refreshment Break

11:50 a.m. – 12:30 p.m.
Peer Collaboration – Focus on Audit & Risk
Mark Boettcher, Senior Manager, Baker Tilly Virchow Krause, LLP
Small groups meet with their contemporaries for candid discussions specific to their roles, responsibilities and interests, related to both the audit and risk functions.

12:30 p.m. – 1:30 p.m.
Networking Lunch

1:30 p.m. – 2:15 p.m.
Session III: Roles & Responsibilities of the Risk Committee
Mark Boettcher, Senior Manager, Baker Tilly Virchow Krause, LLP
Timothy Kosiek, Partner, Baker Tilly Virchow Krause, LLP
This session provides participants with information about the roles and responsibilities of the risk committee as well as concepts of an enterprise risk management (ERM) program – all from the viewpoint of an expert in the field. Topics include defining the risk appetite; reviewing the independence and adequacy of the risk management program; assessing the effectiveness of the program; setting the tone at the top in establishing and maintaining an effective risk culture; and much more.

2:15 p.m. – 3:00 p.m.
Session IV: Risk Committee – Advanced Topics
Mark Boettcher, Senior Manager, Baker Tilly Virchow Krause, LLP
Timothy Kosiek, Partner, Baker Tilly Virchow Krause, LLP
Session IV takes a deeper dive into the latest information on best practices related to the risk committee as well as covering topics such as determining the methodologies for establishing a bank’s risk appetite; knowing when to create a risk committee separate from the audit committee; deciding when to hire a chief risk officer; discussing the five biggest challenges for new risk committee members; and more.

3:00 p.m. – 3:15 p.m.
Refreshment Break

3:15 p.m. – 4:00 p.m.
Risk Case Studies
Identify and evaluate the critical risks facing banking organizations and discuss the risk committees’ course of action in response to those risks and risk events.  Risk considerations in this case study focus on key financial, operational and technology risks, including cybersecurity.

4:00 p.m. – 5:00 p.m.
Networking Peer + Guest Reception
Sponsored by: Mazars USA LLP

For more information and to register for the 2020 event, please email [email protected] or call our events department at 877-397-7595.