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Risk Assessments 101 for Community and Midsize Banks

Aired: Thursday, April 11, 2019

2.0 CRCM, 2.0 CERP

Although at one time limited to anti-money laundering (AML) and Bank Secrecy Act (BSA) protocols, risk assessments are now used across bank operations and business lines, including lending, information security, and consumer privacy.  Coincidently, supervisory and compliance expectations for risk assessments are increasing for institutions of all sizes.

Many institutions are needing to train staff across business lines to identify data, produce supporting evidence and reference materials, and complete assessments, either as project leads or as part of a collaborative team.

During this webinar recording, you learn how to adopt, implement, and complete a general risk assessment for your bank’s compliance program. The same approach can be used across bank operations to produce an assessment of risk for cybersecurity, consumer privacy (GDPR)/CCPA), or fair lending, third-party due diligence reviews, as well as other compliance areas.

The webinar recording concludes with an important and often missed component of a risk assessment: integrating the lessons learned into your banking operations as revisions to your policies, procedures, departmental memos, and governance documents.

Although, the program focuses on completing risk assessments at community and midsize institutions, the approach is relevant to any institution needing to produce effective, efficient, and consistent risk assessments when time, funding, and personnel is limited.

Discussion Highlights:

  • Inspiring buy-in from management and ownership of the assessment process from staff
  • Outlining the characteristics of an effective risk assessment program
  • Working through a hypothetical risk assessment and identifying common mistakes and pitfalls
  • Revising policies and procedures when risk is identified and mitigation is required
  • Developing an approach to risk assessments for institutions with limited resources or expanding traditional assessment responsibilities to new business lines or operations


  • Denyette DePierro, CERP, Vice President and Senior Counsel, Center for Payments and Cybersecurity, American Bankers Association (moderator)
  • John M. Geiringer, Partner, Barack Ferrazzano, Kirschbaum & Nagelberg, LLP


 Continuing Education Credits


ABA Professional Certifications approved this program for 2.0 CRCM and 2.0 CERP continuing education credits for the live program and the recording.

CPE logoRecordings are not eligible for CPE credits. 

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

​Program Questions? Please contact Linda Shepard / Cari Hearn.



Live Webinar or Recording



  • Chief Risk Officers
  • Risk Managers
  • Chief Operational Risk Officers
  • Chief Compliance Officers
  • Compliance Managers
  • Chief Information Security Officers
  • Chief Information Officers
  • Chief Technology Officers
  • Directors of Third-Party Risk Management
  • Managers of Third-Party Risk Management
  • Chief Procurement Officers
  • Chief Information Security Officers

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