2019 - Impact of the Appraisal Function on Operational Risk

OVERVIEW
The regulators want financial institutions to comply with their appraisal guidance. But more importantly, the regulators intend for banks to recognize and avoid situations that create risk for their specific institution. Operational risk incorporates many of the other types of risk an institution can face. There are some conditions under which a faulty appraisal program can inflate a bank's operational risk. This webinar will look closely at those situations and options to avoid them.
LEARNING OBJECTIVES
You will learn how the interagency appraisal and evaluation guidelines stresses risk assessment in the appraisal program
You will learn the definition of operational risk and how this flows through the entire organization, including the appraisal function
You will learn that operational risk can be managed, but not completely eliminated
You will learn about ORM, a discipline and practice for managing operational risk
You will learn the problems with retaining a more traditional system of risk discipline silos
You will learn the importance of transparency in the ORM process
WHY SHOULD YOU ATTEND
Banks are astute in assessing credit risk, but often underestimate the risk to the institution from lack of full compliance with the Interagency Appraisal and Evaluation Guidelines
Most banks are not aware that inefficient and improper linkages of the appraisal function with other departments within the institution can create added risk to the institution
The big focus in banks is on credit risk, followed by market risk, but internal practices can also enhance risk to a bank's operation
Many banks' compliance monitoring and risk assessment processes overlook the appraisal function
This webinar provides context for a better understanding of operational risk and how the appraisal function may enhance or impair the soundness of an institution
AREAS COVERED
You will be given a framework for and ideas to allow your bank to customize its ORM program
You will learn the impact of the appraisal function on the institution and its operational risk
You will learn how, with an effective ORM program, the appraisal function facilitates loan production and also reduces risk
You will learn how people play a part in successful operational risk management
You will learn how technology can have an impact on operational risk management
You will learn some warning signs of poor appraisal function integration in operational risk management
WHO WILL BENEFIT?
CEOs and presidents of community banks
Credit administration officers
Chief appraisers/appraisal function managers
Credit officers involved in the appraisal function
Credit reviewers and other credit side personnel
Lending group managers
Employees tasked with elements of the appraisal function
SPEAKER
Heidi Lee is a commercial review appraiser with 18 years of experience at Whitney National Bank, a mid-sized financial institution. Since retiring from Whitney Bank in 2011, Ms. Lee has founded Appraisal Review and Consultation to share her skills and appraisal regulatory knowledge base with other financial institutions. Her firm offers commercial review services and appraisal policy/procedures assistance to small- and medium-sized banks across the country.
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