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Enterprise Risk Management Audit

  • 1.  Enterprise Risk Management Audit

    Posted 26 days ago


    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?


    Thank you,




    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

    860.569.5550 x5522



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  • 2.  RE: Enterprise Risk Management Audit

    Posted 25 days ago
    Hi John,
    I am just starting to engage and start developing our ERM program and working on a presentation to the board on what it is and isn't.  Would you mind sharing what you have developed thus far?
    thank you

    John Hopkins
    Chief Risk Officer
    Vantage CU
    Saint Charles MO

  • 3.  RE: Enterprise Risk Management Audit

    Posted 25 days ago



    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


    PIQCCCBSFTZV.IMAGE_8Russell Evans, VP Sales & Member Relations – Northeast

    T 800.252.2664 x 328

    PO Box 14167

    Madison, WI 53708

    Need Staff & Board Training Help?"> CLICK HERE & let's meet



  • 4.  RE: Enterprise Risk Management Audit

    Posted 20 days ago
    Good morning John,

    You can reach me at 860.805.5207 to discuss our ERM Journey.  I can share with you our process and time frame needed to create a formal program that has become a key part of our governance process.

    You can email me at and I can send you some information before our call. I'll also need to know the number you call me from (so I don't send it to voice mail).

    I remember being in your shoes and I think I can help.


    John Conant
    EVP/Chief Finance/Risk Officer
    American Eagle Financial CU
    East Hartford CT