OCC Opens Registration for Community Bank Director and Senior Management Workshops

The Office of the Comptroller of the Currency (OCC) has published a press statement to announce its 2023 schedule of workshops for board directors and senior management of national (community) banks and federal savings associations. The schedule encompasses the following five workshops (as quoted):
(1) Risk Governance Workshop (1 day workshop or 3-hour virtual workshop) which aims to bring about the following outcomes:
– Enhance understanding of the OCC’s approach to risk-based supervision.
– Increase familiarity with major risks in the financial industry.
– Recognize common ways to identify, measure, monitor, and control risk.
– Learn the risk-related questions to ask managers, auditors, and regulators.
– Enhance understanding of strategic planning and responsible innovation.
(2) Credit Risk Workshop (1 day workshop or 3-hour virtual workshop) which aims to make you
– Learn how to stay informed of changes in credit risk or risk appetite.
– Identify reasons banks develop asset quality problems.
– Understand board and management roles in credit risk management.
– Learn how to effect change in credit culture.
(3) Operational Risk Workshop (1 day workshop or 3-hour virtual workshop) which seeks to provide information on the following key issues:
– Define major operational risks and the related key operational risk management processes.
– Understand the Board’s oversight roles and governance responsibilities.
– Discuss and share lessons learned to operating and resilience from the pandemic.
– Outline the common methods and motives of internal fraud,and discuss the Board’s role in establishing a strong ethical culture.
– Discuss and share „best practices“ regarding the structure, organization, and oversight of a risk-based audit program.
– Review oversight methods of third-party service providers that perform or provide support to operational and business functions.
– Understand the increased volume and sophistication of cyber threats and regulatory expectations for addressing cyber threats.
(4) Compliance Risk Workshop (1 day workshop or 3-hour virtual workshop) which covers the following topics:
– Understand the critical elements of an effective compliance risk management program.
– Review major compliance risks and critical regulations, such as the Bank Secrecy Act and the Equal Credit Opportunity Act.
– Identify compliance red flags and hot topics.
– Learn about common OCC examination findings related to compliance risk
(5) Capital Markets Workshop (1/2 day workshop) which helps you to
– Better understand balance sheet management risks such as interest rate risk, liquidity risk, and risks associated with the investment portfolio.
– Increase familiarity with quantifying short- and long-term balance sheet risks related to both assets and liabilities.
– Learn about risk measurement tools such as the interest rate risk model, liquidity contingency funding plan, and risks associated with the investment portfolio.
– Enhance understanding of the OCC’s approach to assessing the Sensitivity to Market Risk (S) and Liquidity (L) component ratings as well as the liquidity risk and interest rate risk assessments.
The registration fee for either workshop is $99, except for the workshop on „Capital Markets“ whose participation fee is $49. Registrations shall be made via the OCCs website where you can also find all workshop dates and times for the entire year 2023. Since participation is limited (35 participants), registrations may be taken into account on a first come, first serve basis.