COLUMBUS, Ohio -- Corporate One Federal Credit Union has added former U.S. Congressman Michael Oxley to its speaker line-up for the Enterprise Wide Risk Management Conference.
The conference, held April 30-May 2 at the Mirage Hotel in Las Vegas, will focus on why ERM is critical for all businesses and how it can be used effectively at credit unions. Oxley will speak on May 1.
ERM aggregates and organizes all processes and functions within an organization to better allow that organization to leverage its activities for the benefit of its customers/members, as well as to ensure that all risks are accounted for and properly evaluated. It's the governance process associated with the management of risk.
"We are thrilled to have Mr. Oxley on the agenda for our event," said Lee Butke, president/CEO of Corporate One Federal Credit Union. "We believe ERM is not only necessary from a regulatory point of view, but it's vital to the continued success of credit unions."
Other speakers include: NCUA Director, Vice Chairman Rodney Hood; Joseph Herr, director of innovative services for Jefferson Wells, a management company focused on providing professional services related to risk management; Stephen Minsky, CEO/founder of Logic Manager, a provider of consulting services and configurable software solutions for ERM; and Joseph Ghammashi, Corporate One chief risk officer.
Conference topics will include a discussion of ERM from the regulators' point of view, a look at how other industries use ERM to their advantage, and an overview of the COSO framework (the ERM industry standard).
The event also provides two workshops. One workshop will walk the attendees through an internal look at their processes from a strategic level, helping them to create a strategic enterprise risk plan. There also will be a workshop where credit unions can apply their newly acquired ERM skills to develop a Bank Secrecy Act risk assessment that they can implement at their own credit unions.
On Jan. 3, 2007, Oxley completed a 34-year career in public life, including 25 years of distinguished service in the U.S. Congress. Among his many achievements, Oxley was chosen by the House leadership to chair the new Financial Services Committee.
Among the panel's many legislative achievements under Oxley's chairmanship are the Sarbanes-Oxley Act to respond to the era of corporate corruption, the Terrorism Risk Insurance Act to resolve the post-9/11 insurance crisis, the anti-money laundering provisions of the USA PATRIOT Act to help track terrorist financing, and the FACT Act that brought consumers the free annual credit report.