SOURCE: Wolf & Company P.C.

Wolf & Company P.C.

September 24, 2013 10:00 ET

WolfPAC Solutions Group Hosts 5th Annual WolfPAC User Conference

Experts in Enterprise Risk Management, Regulatory Compliance, Vendor Management, Key Risk Indicators, and Business Continuity Planning Will Be Featured Speakers

BOSTON, MA--(Marketwired - Sep 24, 2013) - WolfPAC Solutions Group, a division of Wolf & Company P.C., today announced the 5th Annual WolfPAC User Conference for users of the WolfPAC Integrated Risk Management® platform, an online suite of enterprise risk assessment, management oversight, and risk governance tools. The conference is designed to provide WolfPAC users with a series of interactive sessions for exchanging ideas and best practices for risk assessment and risk management. The 5th Annual WolfPAC User Conference will be held in two locations this year: Mohegan Sun Conference Center in Uncasville, Connecticut on October 24th and 25th, 2013 and at New York New York Resort in Las Vegas on October 31st and November 1st, 2013. Click to register for the CT conference. Click to register for the Las Vegas conference.

"I am excited and looking forward to this year's user conference as it builds on last year's two successful events. We adopted our structure this year to accommodate more classroom style workshops to address key challenges and regulations impacting community based financial institutions," said Bharat Nair, director of Product and Technology Strategy for WolfPAC. "These user forums are great for the product team and the client community. The agenda and the format for the user conference also support networking and peer group learning."

The 5th Annual User Conference is a forum for WolfPAC users interested in learning more about risk assessment and risk management practices. "For WolfPAC users, risk assessment is a powerful tool to improve the bottom line of their financial institution," said Michael Cohn, director of WolfPAC Solutions Group and the conference's keynote speaker. "The ultimate objective is to leverage enterprise risk management programs with strategic planning to create a more competitive institution."

Sessions at this year's user conference include:

  • Key Risk Indicators: How Banks View It?
    Risk appetite statements -- you read about them in your emails; you hear about them when you attend webinars and risk-related seminars. Does your institution need one? Who should create it? How is it vetted and approved within your organization? Gene Shugrue, Chief Risk Officer of Liberty Bank, will discuss this and other issues related to when and how to create a risk appetite statement for your community bank.

  • Enterprise Risk Management: Establishing Processes, Procedures & Policies
    How measuring the cost of enterprise risk assessment and risk management across your enterprise will help improve your bottom line, achieve business goals, and position your institution to be more competitive.

  • Developing an Activity-Based Risk Assessment Program
    When starting an activity-based risk assessment program at your institution, knowing where to start is critically important. Starting with your customers, products, and services is a given. This session will give you the tips and tricks to build and maintain a comprehensive inventory of your organization's business functions -- and much more.

  • Panel Discussion - Communicating the Risk Assessment Process and Results with Regulators
    Join your peers for a moderated discussion on how to best communicate your institutions risk assessment processes and results with regulators.

  • Vendor Management: Taking the Wheel: Tools to help you put "Management" back into your Vendor Management Program
    There has been an increase in regulatory scrutiny over vendor management programs, and we will review these in light of the significant upgrades to the WolfPAC platform that focus on due diligence, contract management, monitoring programs, and overall third party risk mitigation strategy

With increasing regulatory requirements, financial institutions recognize the need for efficient and comprehensive enterprise risk management practices across their operations. We welcome the WolfPAC user community's participation in making this year's user conference a great success and an immensely useful venue to network and learn best practices.

About WolfPAC Integrated Risk Management
WolfPAC Integrated Risk Management is a secure, web-based enterprise risk management solution used to automate the identification of risks, threats, and control gaps. WolfPAC® keeps institutions safe and sound, and maximizes the outcomes of strategic initiatives. Developed by financial professionals in 2004, who were among the first to understand enterprise-wide risk assessment and implement risk management programs, WolfPAC provides tools to review and assess information technology, privacy, vendor, compliance, and other enterprise-wide risk assessments. Quarterly methodology updates are designed to align with emerging compliance and examination standards. A robust suite of reports allows an institution's management to analyze their control gaps in relation to known threats, align with the institution's strategic objectives, and benchmark risk profiles against peers.

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