Our Board recently approved an Enterprise Risk Management program. Using the COSO framework as a guide, we identified 9 risk area's and developed 28 key risk indicators (KRI's) to measure our risk exposures. Our Board would like to get some validation on our structure and gauge our process against industry standards. My ask of the group is this: have other credit unions used a resource (auditor/consultant) to validate your process and benchmark your result? In addition, what was the outcome derived from that effort?
John C Conant
Executive Vice President &
Chief Finance and Risk Officer
American Eagle Financial Credit Union, Inc.
333 East River Drive
East Hartford, CT 06108
These questions and more are going to be addressed during CUES ERM digital roundtable on November 10th at 1pm EST. I hope you are able to participate and ask these questions to an expert https://www.cues.org/professional-development-and-events/elite-access-live-qa-enterprise-risk-management-best-practices
Russell Evans, VP Sales & Member Relations – Northeast
T 800.252.2664 x 328
PO Box 14167
Madison, WI 53708
Need Staff & Board Training Help? CUESNortheast@cues.org/bookings/s/9Ai5Mcdlc0yBwFQPV0at5A2"> CLICK HERE & let's meet