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Enterprise Risk Management Workbook Series

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How often have you wondered, “what else can go wrong and how are all the risks interconnected?” Developing a risk governance program, a stress testing and scenario analysis program, as well as a risk appetite statement, can help you build an effective, proactive risk management strategy and enhance the risk culture of your institution.
RMA's Risk Appetite Workbook is a practical guide to understanding and developing a risk appetite statement that is appropriate for your bank. Also available are workbooks on Scenario Analysis & Stress Testing for Community Banks, and Governance & Policies.

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Enterprise Risk Management Workbook Series

  1. 1. E n t e r p r i s e R i s k • C r e d i t R i s k • M a r k e t R i s k • O p e r a t i o n a l R i s k • R e g u l a t o r y C omp li a n c e • S e c u r i t i e s L e n d i n g JOIN. ENGAGE. LEAD. DEVELOPING A HOLISTIC RISK MANAGEMENT STRATEGY: • Governance & Policies Workbook • Scenario Analysis & Stress Testing Workbook for Community Banks • Risk Appetite Workbook ENTERPRISE RISK MANAGEMENT WORKBOOK SERIES NEW MEMBER BENEFIT: Free download of workbooks!
  2. 2. ALL THREE WORKBOOKS ARE DESIGNED TO ADDRESS THE GROWING NEED OF IMPLEMENTING AN ENTERPRISE RISK MANAGEMENT (ERM) PROGRAM. How often have you wondered, “what else can go wrong and how are all the risks interconnected?” Developing a risk governance program, a stress testing and scenario analysis program, as well as a risk appetite statement, can help you build an effective, proactive risk management strategy and enhance the risk culture of your institution.
  3. 3. GOVERNANCE & POLICIES WORKBOOK The Governance & Policies Workbook examines the core capabilities required for a strong risk governance culture, structure, policies and procedures, and internal control environment. Establishing a sound governance process in any institution requires the Board and senior management at the forefront leading the effort, continually reinforcing what is expected regarding risk governance and oversight. In this workbook, you will find: • Essential elements of a good risk culture • Barriers to a good risk culture • Core capabilities for strong risk governance • Framework for a risk governance structure • Outline of a board-level committee structure & board-level risk committee charter • Keys to a sound internal control environment • “Three Lines of Defense” model The benefits: • Enable your institution to make well- informed decisions. • Learn how to build a risk management culture that overcomes cognitive biases. • Create a governance structure that promotes information flow, escalation, decision making, and accountability. • Instill a culture that makes managing risk everyone’s responsibility. • Establish a well-defined and effective internal control environment and risk response system. • Empower your people with the tools and training to be able to identify risk, assess it, evaluate it against the desired level of risk tolerance, and make decisions about suitable risk treatment. SCENARIO ANALYSIS & STRESS TESTING WORKBOOK FOR COMMUNITY BANKS Developed for community banks with assets under $10 billion, the Scenario Analysis & Stress Testing Workbook for Community Banks provides a highly practical guide to understanding and developing a stress testing and scenario analysis program. In this workbook, you will find: • A guide to developing a stress testing and scenario analysis program • How to choose the stress test that’s right for your institution • The steps involved in creating a stress test • The roles and responsibilities of key participants • How to link the stress test to capital • An outline to engage your board of directors and senior management The benefits: • Meet increased expectations of regulators. • Shape the risk profile of the bank by allowing for the analysis of every day “what if ” events, as well as extreme events. • Identify risk concentrations across various business lines and allow management to form contingency plans. • Promote discussions about risk that lead to enhanced internal and external risk communication. • Assist in identifying strategic opportunities. RISK APPETITE WORKBOOK The Risk Appetite Workbook can further define your institution’s approach to risk management by helping you develop a risk appetite statement that is appropriate for you. With this workbook, you will learn about the vital linkage between your bank’s activities and the amount and type of risk it is willing to accept as it strives to deliver on its mission and business plans. In this workbook, you will find: • Qualitative and quantitative statements to express risk. • Eleven (11) different types of risk to use in your risk appetite statement each with many examples of applicable measures. • Over twenty-five (25) ways to check on the effectiveness of your risk appetite framework and how deeply it is embedded in the risk culture. • Twenty (20) ways for the board to fulfill its risk governance responsibility. The benefits: • Meet regulatory requirements. • Engage and educate the board of directors in risk management matters. • Demonstrate sound risk management practices to your D&O insurance provider. • Facilitate the open, candid, and thoughtful discussion of strategy and risk across the entire bank. • Enhance your risk culture. Download your free copy today at www.rmahq.org/rds/ermwb Individual Download Associate members FREE Nonassociates from member institutions FREE Professional members N/A Nonmembers N/A If you require a hard copy of any of the three books, please contact your regional manager. See back page for contact information.
  4. 4. For Community Banks in North America (assets below $3 billion) and RMA Chapter Activities: Northeast Sandy Sutermaster: 412-787-5625 (ssutermaster@rmahq.org)—Connecticut, Delaware, Maine, Manitoba, Massachusetts, New Hampshire, New Jersey, New York, Newfoundland and Labrador, Nova Scotia, Ontario, Pennsylvania, Prince Edward Island, Quebec, Rhode Island, Saskatchewan, and Vermont Southern Cindee Munro: 623-266-2344 (cmunro@rmahq.org)—Alabama, Arizona, Arkansas, Louisiana, Mississippi, Oklahoma, New Mexico, Tennessee (Western only), and Texas Southeast Laura Ridner: 843-225-4690 (lridner@rmahq.org)—Florida, Georgia, Kentucky, Maryland, North Carolina, Ohio, South Carolina, Virginia, and West Virginia Central Jamie Jones: 941-366-5302 (jjones@rmahq.org)—Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee (excluding Western Tennessee), and Wisconsin Western Erin Jester: 559-326-7444 (ejester@rmahq.org)—Alaska, Alberta, British Columbia, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming For Large Financial Institutions in North America (assets of $3 billion and up): Northeast William L. Truscott: 215-446-4130 (btruscott@rmahq.org)—Bermuda, Connecticut, Delaware, Maine, Maryland, New Jersey, New York (New York City and Albany only), Massachusetts, New Hampshire, Pennsylvania (Eastern), Rhode Island, and Vermont North Mike Mango: 215-446-4127 (mmango@rmahq.org)—Michigan, Newfoundland and Labrador, New York (except New York City and Albany), Nova Scotia, Ohio, Ontario, Pennsylvania (Western), Prince Edward Island, and Quebec Southeast Laurie Foster: 317-202-0705 (lfoster@rmahq.org)— Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, Puerto Rico, South Carolina, Tennessee, Virginia, and West Virginia Central Tom Holbik: 215-833-8258 (tholbik@rmahq.org)— Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin Western John P. Baier: 510-522-6016 (jbaier@rmahq.org)—Alaska, Alberta, Arizona, British Columbia, California, Colorado, Hawaii, Idaho, Manitoba, Montana, Nevada, New Mexico, Oklahoma, Oregon, Saskatchewan, Texas, Utah, Washington, and Wyoming JOIN. ENGAGE. LEAD. ABOUT RMA Founded in 1914, The Risk Management Association (RMA) is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, PA, RMA has 2,500 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 16,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org. E n t e r p r i s e R i s k • C r e d i t R i s k • M a r k e t R i s k • O p e r a t i o n a l R i s k • R e g u l a t o r y C o m p l i a n c e • S e c u r i t i e s L e n d i n g CONTACT OUR REGIONAL MANAGERS To find out more about the Enterprise Risk Management Workbook Series, contact your Regional Manager:

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