Resources

Maine Bankers Association – Bank Expo

Date

April 14, 2022

Presenters

Jared R. Kelly, CPA, MBA

Senior Manager

Description

Location: Augusta Civic Center, Maine

Look for us in the exhibit hall at booth #20, where youโ€™ll have the opportunity to speak with Wolf experts:

Jared will be speaking on the topic of Managing Climate Change Risk within the ERM Program.

Climate change is a global threat to every person and every organization. Organizations in every industry will develop different tactics for transitioning to lower carbon economiesโ€”and although these transitions may bring heightened risk, failing to adapt prompts even greater risk. Financial institutions occupy a pivotal place in our society as employers and providers of capital to all other industries. Climate change risk could come in the form of:

โ€ข Extreme natural disasters

โ€ข Agricultural shifts and disruptions

โ€ข Widespread disruption throughout the value-chain of carbon-based companies

โ€ข Volatility of investments in the new energy industry

To reduce the risk of the negative effects associated with these possibilities, banks and credit unions must evaluate an enterprise-wide risk assessment for present threats and vulnerabilities. During this session, weโ€™ll detail how to identify these risks and locate opportunities for mitigation. From creation to adoption, weโ€™ll discuss what you should do first to get these initiatives running and how to delegate responsibility to team members for proper organization. Weโ€™ll also show how you can present these findings to your board, leadership team, employees, and customers to ensure proper procedural implementation.

Youโ€™ll learn:

โ€ข How to identify operational, credit, and liquidity risks within the institution

โ€ข How to demonstrate and document the progress of risk mitigation strategies and approaches

โ€ข How to make your institution stand out as a reliable, ethical presence in the market

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