DENVER—NAFCU is hosting its BSA Seminar and Risk Management Seminar at the Grand Hyatt here.
This is the first time these two NAFCU seminars are being held concurrently at the same location. Risk Management Seminar ends July 26, and BSA Seminar ends July 27.
Risk Management Seminar attendees Monday learned about the latest trends and considerations when developing their institutions’ data and cybersecurity programs and maintaining top-notch enterprise risk management programs.
“Credit unions face a growing array of risks, particularly amid the ongoing rise in data and cybersecurity breaches, and effective enterprise risk management is essential to ensuring a sound, thriving credit union operation,” said NAFCU President and CEO Dan Berger. “Risk Management Seminar attendees will learn about the latest trends in risk management and what other credit unions around the country are doing in this area, and they will leave with the knowledge they need to create and implement a risk management program that meets NCUA expectations.”
The BSA Seminar features specific training for Bank Secrecy Act, audit, anti-money laundering and risk professionals. Attendees Monday began learning about BSA trends and best practices, and will have the opportunity to earn the NAFCU Certified Bank Secrecy Officer (NCBSO) designation upon taking and passing the exam.
"This is the second year for our BSA Seminar, which provides attendees the knowledge and tools they need to guard against and flag potential money laundering threats targeting their credit unions," said Berger. "This seminar is designed by leading BSA experts and will help prepare credit union attendees to meet and exceed regulators' BSA compliance expectations."
Risk Management Seminar attendees can earn the designation of NAFCU Certified Risk Manager (NCRM) by taking and passing an optional exam during the seminar. Current NAFCU Certified Compliance Officers (NCCOs) attending receive 16.5 continuing education units (CEUs) toward NCCO recertification.