2015 Risk Mitigation Report: Regulatory Priorities for Community and Midsize Financial Institutions

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To use their resources most effectively, the OCC plans to exercise their supervision of banks on a "risk-based" approach. Their current focus is on nine areas of risk:

•   Strategic planning
•   Corporate governance
•   Stress testing
•   Operational risk
•   Cyber threats
•   Loan underwriting
•   Interest rate risks
•   Compliance risk
•   Fair access (compliance with CRA, fair lending, consumer protection laws)

The 2015 Risk Mitigation Report provides risk mitigation tools—such as risk assessment matrices, checklists, and best practices—for dealing with each of these trending exposures. The Report, a 200-page eBook, will help senior officers in community and midsize institutions ensure that their risk management program is aligned with the regulators' priorities.

The material in this Report also appears in the following publications:
•   Internal Audit Procedures Handbook
•   Bank Controller's Manual
•   Senior Finance Officer's Desk Reference
•   Guide to Estimating the ALLL
•   Practices and Procedures for Financial Institution Risk Management
•   Risk Assessments for Financial Institutions
•   Credit Manager's Risk Mitigation

The eBook versions of this title feature links to Lexis Advance for further legal research options.

Table of Contents

§ 1.01 EMERGING RISK TRENDS 

§ 1.02 STRATEGIC PLANNING

  [1] Regulatory Risk Issues

  [2] Human Resources Planning

  [3] Risk-Based Audit of Director Duties and Responsibilities

§ 1.03 CORPORATE GOVERNANCE

  [1] Regulatory Risk Issues

  [2] Internal Controls and the Auditor

  [3] Corporate Governance and Sarbanes-Oxley

  [4] Regulatory Examinations

  [5] Board Responsibilities

  [6] Organizational Controls

  [7] Controls Over Customer Data

  [8] Accounting Procedures Controls

  [9] Internal Control Issues Involving Derivatives

  [10] Protection of Physical Assets

  [11] Evaluating the Audit Function

  [12] Audit Rating Guidance—Community Banks

  [13] Audit Rating Guidance—Large/Mid-Sized Banks

§ 1.04 STRESS TESTING

  [1] Regulatory Risk Issues

  [2] Conduct Portfolio Stress Testing and Sensitivity Analyses

§ 1.05 OPERATIONAL RISK

  [1] Regulatory Risk Issues

  [2] Risk Assessment Regarding TSP Relationships

§ 1.06 CYBER-THREATS

  [1] Regulatory Risk Issues

  [2] Information Security Risk Assessment

§ 1.07 LOAN UNDERWRITING

  [1] Regulatory Risk Issues

  [2] Credit Risk Underwriting Practices

§ 1.08 INTEREST RATE RISK (IRR)

  [1] Regulatory Risk Issues

  [2] Interest Rate Risk Internal Controls

§ 1.09 COMPLIANCE

  [1] Regulatory Risk Issues

  [2] Conducting a Risk Assessment of a Consumer Compliance Management Program

§ 1.10 FAIR ACCESS

  [1] Regulatory Risk Issues

  [2] Conducting an Assessment of UDAAP Risks

§ 1.11 EXHIBITS

  [1] Exhibit 1.1: Human Resources Strategic Planning Checklist

  [2] Exhibit 1.2: Checklist for the Review of Director Duties and Responsibilities

  [3] Exhibit 1.3: Checklists of Internal Control Considerations for Derivatives Activities

  [4] Exhibit 1.4: Outside Vendor Internal and External Risk Review Checklists

  [5] Exhibit 1.5: GLBA Information Security Risk Assessment

  [6] Exhibit 1.6: Credit Management Controls Checklist

  [7] Exhibit 1.7: Interest Rate Risk Internal Control Checklist

  [8] Exhibit 1.8: Sample Compliance Risk-Assessment Matrix

  [9] Exhibit 1.9: UDAAP Risk Assessment Program