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WOLF & CO Events NH & VT Banking Association – Compliance Conference 2022

NH & VT Banking Association – Compliance Conference 2022



Date

May 24, 2022

Presenters

Erica M. Torres, CRCM

Principal

Meredith F. Piotti, CPA, CIA

Principal

Brian M. Shea, CRCM, CAMS

Senior Manager

Randy Marsicano, NCRM, CRISC

Senior Manager

 

Description

Location: Grappone Conference Center in Concord, NH

Erica and Merry will be speaking on the topic of Digitization & Compliance: How to Avoid Digital Disaster.

The banking industry has seen a rapid adoption of advanced technologies to streamline operations, enhance services, and optimize performance. Although this digital transformation has greatly benefited the industry, will it disrupt your Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Regulatory Compliance programs? During this presentation, we’ll discuss the necessary tools and strategies your Board and executives must deploy to align your digitization efforts with your compliance requirements.

You’ll learn:

  • The compliance concerns your organization should prioritize
  • What controls can be used to ensure consistent compliance
  • How to incorporate regulation technology (RegTech) as part of your compliance strategy

Brian will be speaking on the topic of EFT Error Resolution. 

While at first glance Regulation E’s error resolution rules do not appear that complex, institutions are continuing to struggle with the effect of changing technologies and new customer patterns. Institutions need to ensure that they have a proper grasp on the different scenarios that can occur and how to apply the rules over various topics including liability, timing, notification, fee reimbursement, and other matters.

As part of this session, you’ll learn about:

  • Regulation E’s liability rules and the various nuances involved
  • The varying operational dynamics that come into play
  • How to ensure that the institution is remaining in compliance
  • How to handle error resolution disputes involving third party service

Randy will be speaking on the topic of Managing Enterprise-Wide Climate Risk 

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 economies—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:

  • Extreme natural disasters
  • Agricultural shifts and disruptions
  • Widespread disruption throughout the value-chain of carbon-based companies
  •  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, we’ll detail how to identify these risks and locate opportunities for mitigation. From creation to adoption, we’ll discuss what you should do first to get these initiatives running and how to delegate responsibility to team members for proper organization. We’ll also show how you can present these findings to your board, leadership team, employees, and customers to ensure proper procedural implementation.

You’ll learn:

  • How to identify operational, credit, and liquidity risks within the institution
  • How to demonstrate and document the progress of risk mitigation strategies and approaches
  • How to make your institution stand out as a reliable, ethical presence in the market
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