Supervisory Committee Training Workshop Las Vegas, NV 1
Supervisory Focus NCUA Letter 15 CU 01 Moss Adams Supervisory Committee Conference Las Vegas 2
picture of cybersecurity Moss Adams Supervisory Committee Conference Las Vegas 3
picture of Interest rate risk Moss Adams Supervisory Committee Conference Las Vegas 4
picture of BSA Moss Adams Supervisory Committee Conference Las Vegas 5
1. Cybersecurity 2. Interest Rate Risk 3. Bank Secrecy Act Compliance Moss Adams Supervisory Committee Conference Las Vegas 6
What are you doing now for 1. 2. and 3.? Moss Adams Supervisory Committee Conference Las Vegas 7
1. Cybersecurity: Encrypting sensitive data Comprehensive security policy Due diligence Monitoring exposure and transactions Testing security measures Moss Adams Supervisory Committee Conference Las Vegas 8
1. Cybersecurity: What can you do? Moss Adams Supervisory Committee Conference Las Vegas 9
2. Interest Rate Risk What s the direction of short term rates? Compliance with IRR Rule Moss Adams Supervisory Committee Conference Las Vegas 10
2. Interest Rate Risk What can you do? Moss Adams Supervisory Committee Conference Las Vegas 11
3. Bank Secrecy Act Compliance Focus on relationships with MSBs: Identifying customers MSBs registered with FinCEN Risk assessment for each MSB Moss Adams Supervisory Committee Conference Las Vegas 12
3. Bank Secrecy Act Compliance What can you do? Moss Adams Supervisory Committee Conference Las Vegas 13
4. Liquidity and Plans Rule + Moss Adams Supervisory Committee Conference Las Vegas 14
TILA-RESPA Integrated Disclosure Rule Moss Adams Supervisory Committee Conference Las Vegas 15
Moss Adams Supervisory Committee Conference Las Vegas 16
4. Liquidity and Contingency Funding Plans Rule 5. TILA RESPA Integrated Disclosure Rule 6. Ability to Repay and Qualified Mortgage Standards Rule Moss Adams Supervisory Committee Conference Las Vegas 17
What are you doing now for 4. 5. and 6.? Moss Adams Supervisory Committee Conference Las Vegas 18
4. Liquidity and Contingency Funding Plans Rule Assessing compliance Evaluating contingent funding testing >$250m Moss Adams Supervisory Committee Conference Las Vegas 19
4. Liquidity and Contingency Funding Plans Rule What can you do? Moss Adams Supervisory Committee Conference Las Vegas 20
5. TILA RESPA Integrated Disclosure Rule Assessing compliance Moss Adams Supervisory Committee Conference Las Vegas 21
5. TILA RESPA Integrated Disclosure Rule What can you do? Moss Adams Supervisory Committee Conference Las Vegas 22
6. Ability to Repay and Qualified Mortgage Standards Rule Assessing compliance Moss Adams Supervisory Committee Conference Las Vegas 23
6. Ability to Repay and Qualified Mortgage Standards Rule What can you do? Moss Adams Supervisory Committee Conference Las Vegas 24
SCUEP Picture???? Moss Adams Supervisory Committee Conference Las Vegas 25
picture of Lending Programs Moss Adams Supervisory Committee Conference Las Vegas 26
7. Small Credit Union Exam Program 8. Lending Programs Moss Adams Supervisory Committee Conference Las Vegas 27
What are you doing now for 7. and 8.? Moss Adams Supervisory Committee Conference Las Vegas 28
7. Small Credit Union Exam Program Defined scope if < $30m Moss Adams Supervisory Committee Conference Las Vegas 29
7. Small Credit Union Exam Program What can you do? Moss Adams Supervisory Committee Conference Las Vegas 30
8. Lending Programs Evaluate controls Assess due diligence Moss Adams Supervisory Committee Conference Las Vegas 31
8. Lending Programs What can you do? Moss Adams Supervisory Committee Conference Las Vegas 32
1. Cybersecurity 2. Interest Rate Risk 3. BSA Compliance (MSBs) 4. *Liquidity and Contingency Funding Plans Moss Adams Supervisory Committee Conference Las Vegas 33
5. *TILA RESPA Integrated Disclosures 6. *Ability to Repay and Qualified Mortgage Standards 7. Small Credit Union Exam Program 8. Lending Programs Moss Adams Supervisory Committee Conference Las Vegas 34
Expectations of a Supervisory Committee Moss Adams Supervisory Committee Conference Las Vegas 35
Expectations of a Supervisory Committee Moss Adams Supervisory Committee Conference Las Vegas 36
Expectations of a Supervisory Committee Moss Adams Supervisory Committee Conference Las Vegas 37
Expectations of a Supervisory Committee Moss Adams Supervisory Committee Conference Las Vegas 38
Conclusion Who am I?: Greg Marshall, National Training Specialist Division of Training & Development, Office of Human Resources E mail: gregorym@ncua.gov Office Phone: 703 609 5965 Website: www.ncua.gov Fraud Hotline: 1 800 827 9650 ogcmail@ncua.gov Consumer Assistance: 1 800 755 1030 consumerassistance@ncua.gov Moss Adams Supervisory Committee Conference Las Vegas 39