South State Correspondent

JUNE 20, 2024

Banks don’t have enough product managers. A manager may oversee the operation of a product, but few banks have product managers who drive product development and performance. This article further explores what it means to be a bank product manager. What is Bank Product Management?

Management 195

Management Training Strategy Compliance 195

Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. 5 Traits of the Ideal Credit Manager. Below are five traits integral to being a successful credit manager. Credit Analysis Training. Credit Risk Management.

Management 195

Management Risk Management Analysis Lending 195

Abrigo

JULY 11, 2016

Sageworks will host the 5th Annual Risk Management Summit September 14-16 at the AT&T Executive Education and Conference Center in Austin, Texas. Sageworks’ Risk Management Summit will be a valuable resource for those impacted by what’s been called the biggest change in the history of bank accounting.”

Risk Management 150

Risk Management Management Conference Austin 150

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Signs of increased activity ahead. Watch webinar.

Management 195

Management Risk Management Policies Lending 195

Abrigo

FEBRUARY 3, 2016

Sageworks recently announced the dates and location for the 2016 Risk Management Summit. Scheduled for the morning of September 14th, the Pre-Conference will provide solution training, best practice sharing and networking opportunities with other users.

Risk Management 150

Risk Management Management Austin Conference 150

Abrigo

SEPTEMBER 24, 2024

DOWNLOAD Takeaway 1 A human-in-the-loop approach plays a vital role in ensuring that AI systems effectively support alert and case management for AML/CFT suspicious activity monitoring. Does the case management feature allow for humans to intervene in high-risk cases or flagged alerts?

Software 195

Software Management Compliance Resources 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. First, they must evaluate whether their institution is prepared to insert AML risk management procedures into the transaction process to match the speed FedNow can offer.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

AUGUST 2, 2023

Takeaway 2 Financial institutions have been taking a three-pronged approach to identifying and quantifying risks associated with their CRE segments. Takeaway 3 Financial institution management can focus on mitigating risk and understanding portfolio dynamics when the analysis is streamlined. See how in this whitepaper.

Report 195

Report Risk Management Lending Analysis 195

Abrigo

DECEMBER 29, 2023

Concerns about credit risk have been in the headlines often in 2023, and financial institutions across the U.S. have been working hard to make sure the loans they have and the loans they approve are in line with risk appetites. This whitepaper describes what industry insiders see as the four main causes of contractor failure.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

OCTOBER 10, 2023

Loan review issues include staffing challenges and training. Learn what other banks are doing to manage. With a centralized platform for managing tasks, tracking progress becomes intuitive. Proper training and education yield dividends in terms of early issue detection, ultimately saving costs in the long run.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Loan review issues include staffing challenges and training. Learn what other banks are doing to manage. With a centralized platform for managing tasks, tracking progress becomes intuitive. Proper training and education yield dividends in terms of early issue detection, ultimately saving costs in the long run.

Training 195

Training Survey Resources Software 195

Abrigo

AUGUST 5, 2020

Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. Therefore, it’s essential that the credit memo captures the complete picture of the borrower to ensure proper risk management. Portfolio Risk & CECL.

Management 195

Management Risk Management Trends Industry 195

Abrigo

SEPTEMBER 6, 2024

Enhanced risk management: As AML/CFT obligations expand to include real estate transactions and investment advisers, risk management strategies for financial institutions must adapt. P rovide education and training programs for mortgage lenders and other front-line staff to raise awareness.

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

DECEMBER 5, 2023

BSA training and experience must be extensive to meet regulatory expectations of a BSA Officer being competent and able to execute all duties effectively. Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer.

Training 221

Training Compliance Regulation Software 221

Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. They also give the lender tools to monitor and manage the situation.

Risk Management 221

Risk Management Lending Policies Management 221

Abrigo

SEPTEMBER 21, 2021

Emotional intelligence, or the ability to monitor and manage your own emotions as well as recognize and respond to the emotions of others, is used very frequently on the job as a loan reviewer, particularly when presenting the results of a review. Credit Analysis Training. Credit Risk Management. Credit Risk Regulation.

Video 195

Video Analysis Risk Management Training 195

Abrigo

MAY 2, 2024

Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework. It also outlines the risk management practices that need to be followed when evaluating small business lending opportunities.

Lending 221

Lending Strategy Analysis Policies 221

Abrigo

DECEMBER 19, 2022

Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant. Training materials for anti-money laundering & fraud professionals. Training materials for anti-money laundering & fraud professionals. Ongoing training is vital for an effective AML/CFT program.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

NOVEMBER 5, 2015

At the Risk Management Summit hosted by Sageworks recently, Judy said credit risk managers should understand and emphasize to their lending staff three key credit concepts in order to best protect against future losses. In today’s world, with the focus on growth, I think too many bankers lose sight of that.”

Management 150

Management Risk Management Lending Training 150

Abrigo

MAY 11, 2020

Security breaches involving cloud computing highlight the importance of sound security controls and a clear understanding of cloud service providers’ risk management policies. How can financial institutions mitigate the risk? Keep your data secure and up-to-date using our datacenter. Learn more. What is Cloud Computing?

Data 195

Data Training Risk Management Software 195

Abrigo

SEPTEMBER 20, 2023

FinCEN said this was done with little to no risk management program. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment. The revenue generated from this relationship made up over 90% of the credit union's annual income.

Compliance 150

Compliance Regulation Miami Fraud 150

PYMNTS

MAY 19, 2016

The procurement of raw materials can expose an organization to some serious market volatility, the risk management software firm said, and much of the solutions these firms are using to mitigate risk, like ERP solutions, don’t quite make the grade when covering a business’ exposure to commodity trade risk.

Management 101

Management Risk Management System Marketing 101

Abrigo

JUNE 7, 2017

Board Oversight When growing an MBL program, the change in concentration levels forces the credit union to review its overall lending and risk strategy. For the board to be successful, CU management must provide continuous updates to the board regarding credit exposure, risks, performance versus targets and adherence to lending policy.

Lending 150

Lending Management Analysis Policies 150

Abrigo

DECEMBER 14, 2023

Learn how to tap your data to generate management insights. The following steps can help narrow it down and focus your goals: Send out a simple, future-oriented survey to the board and executive management (read on for sample questions) to determine strengths, weaknesses, opportunities, and threats to your financial institution.

Lending 221

Lending Risk Management Meeting Survey 221

Abrigo

FEBRUARY 6, 2024

It is imperative for community financial institutions to adopt innovative technology solutions that protect customer funds without impacting the customer experience.” Enterprise risk management is a complex process that pays for itself through cost reduction, brand and reputation enhancement, and bottom-line success.

Fraud 221

Fraud Training Trends Regional 221

Abrigo

OCTOBER 8, 2021

Takeaway 1 Loan review or credit risk review is a significant risk management function. . Loan review or credit risk review is a significant risk management function. Outlining the “rules of engagement” is important to ensure the loan or credit risk review is independent and objective. Watch Video.

Video 195

Video Lending Risk Management Management 195

Abrigo

MAY 18, 2023

Considering the scope and depth of your financial institution’s loan review process is a great way to identify gaps in training and create more efficient operations. Deep and wide A diagnostic checklist for loan reviewers One of the difficulties of loan review management is finding, training, and retaining this talent level.

Lending 195

Lending Training Guidelines Policies 195

Abrigo

MARCH 3, 2021

It should provide management with accurate and timely credit quality information for financial and regulatory reporting purposes, including the determination of an appropriate allowance for loan and lease losses (ALLL). Credit Analysis Training. Credit Risk Management. Lending & Credit Risk. Global Cash Flow.

Analysis 195

Analysis Risk Management Lending Training 195

Abrigo

DECEMBER 1, 2021

Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. . There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions.

Risk Management 195

Risk Management Lending Policies Management 195

Insights on Business

JULY 17, 2019

In an April 2019 survey conducted by Risk.net , IBM examined how financial firms are looking at adoption of next-generation governance, risk and compliance solutions to bridge these issues. Another is a low touch, zero training model.

User Experience 79

User Experience Tools Survey Risk Management 79

Abrigo

JUNE 3, 2021

Want more BSA training and articles emailed to you? Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of. Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of. By Hannakah Rubin, Risk Management Consultant at Abrigo.

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

Abrigo

NOVEMBER 2, 2022

Draws are often requested via email or phone and managed manually on a spreadsheet, and user errors or miscommunications can lead to overfunded or underfunded clients. Johnner also advises that banks provide proper training to staff members who haven’t used collaborative construction draw software before. Lending & Credit Risk.

Software 195

Software Lending Training Mobile 195

Abrigo

NOVEMBER 22, 2019

The economic environment and industry challenges facing community financial institutions mean that managing risk and driving growth are imperative for banks and credit unions, industry experts say. Their talent that goes beyond intellect plays an important role in managing credit risk. Credit Analysis Training.

Risk Management 195

Risk Management Lending Management Training 195

Abrigo

SEPTEMBER 7, 2023

However, AML system optimization , or parameter tuning, is critical for monitoring to be risk-based and the most effective for your FI’s market, products, and customer or member base. A robust model validation program to independently review these settings should be part of the compliance program and your institution’s model risk management.

Fraud 221

Fraud Training System Trends 221

Perficient

AUGUST 3, 2023

Risk Management , Anti-Money Laundering, & Fraud Protection Financial institutions invest heavily in security and risk management, but prevention and recovery progress are delayed by manual reporting and disparate systems.

Industry 83

Industry Risk Management Customer Experience Fraud 83