8:30 a.m. Registration and Continental Breakfast
9:00 a.m. Welcome
Tanya M. Duncan, Executive Vice President of Revenue and Strategy, Massachusetts Bankers Association, Boston
9:10 a.m Executive Director Benefits & Update on BOLI Trends
Ryan Henley, CFA | Stifel - Fixed Income Capital Markets, Managing Director
Head of Financial Institutions Strategies| New York
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With recent inflation indications continuing to bolster the Federal Reserve towards tightening measures, managing the balance sheet’s exposure to liquidity, interest rate and credit risk continues to be paramount, especially as we turn our focus to 2023. This session will explore aggregate industry sensitivities across these risks, decompose the review into peer ranges, and draw parallels for how other institutions may react. The discussion will then turn to exploring strategies both on and off balance sheet, that can help position institutions for
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outperformance across a range of outcomes. Commentary throughout will include references to peer activity, regulatory and accounting developments, and finally relative value opportunities in investments, loans, funding and derivatives.
Ryan Henley Managing Director – Head of Financial Institutions Strategies Ryan Henley leads Stifel Fixed Income’s Financial Institutions Strategy Group, which provides balance sheet strategies and analyses related to economics, interest rates, investments, and interest rate risk management strategies to executive management teams of financial institutions and portfolio managers nationwide. In addition to balance sheet and investment strategy, he focuses on the interpretation of shifting regulatory and accounting environments. He joined Stifel in 2015 as part of the firm’s acquisition of Sterne Agee, where he served as lead financial strategist since 2006. He is a frequent speaker at national and regional banking and financial conferences. Ryan is a CFA charter holder and an honors graduate of the University of Alabama. He holds a B.S. in Finance and a M.A. in Banking and finance with a concentration in Financial Risk Management.
10:15 a.m. Coffee Break Sponsored by Dwight Rudd Insurance Agency, Boston, MA
10:30 a.m. Bank Regulatory Panel
Moderator: David Sidon | Principal | The Navis Group | Boston, MA
Panelists:
Jay P. Bienvenu | Senior Deputy Commissioner | Division of Banks | Boston, MA
Bethany N. Manning | Assistant Regional Director | Division of Risk Management Supervision | Federal Deposit Insurance Corporation | New York Region
Gabriela K. Webber | Exam Manager, Supervision, Regulation & Credit| Federal Reserve Bank of Boston| Boston, MA
TBD | Office of the Comptroller of the Currency| Boston, MA
11:35 a.m Lunch
12:35 p.m. Hot Topics in Bank Accounting – BerryDunn, Portland, ME
In this session we share some insights into a number of areas of interest to CFOs and their teams. In addition to a traditional tax and accounting update, our presenters will cover lessons learned through CECL implementation and model validation services work sharing key considerations you should be thinking about in this final push to and immediately post-adoption.
Speakers:
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Susan Weber | Senior Manager | MBA
Susan is a Senior Manager in BerryDunn’s Financial Services Practice Group, leading consulting engagements based on 26 years of public banking experience. Susan’s extensive career includes working for community, regional, and Fortune 100 financial services companies, holding leadership positions in retail banking, commercial underwriting, business development, asset quality, risk, and employee engagement. Prior to joining BerryDunn, Susan directed credit risk management for 12 years, and led a fully compliant CECL implementation for a large community bank during the pandemic.
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Kaylyn Landry | Senior Manager | CPA, MSA
A Senior Manager in BerryDunn's Financial Services Practice Group, Kaylyn brings more than a decade of audit and accounting experience to publicly and privately held bank clients. She works with large, complex financial services clients, sharing knowledge on financial statement audits, FDICIA and SOX 404 internal control audits and implementation, and more. In addition, Kaylyn has broad expertise in employee benefit plan audits and assists clients in managing 401(k), 403(b), and profit-sharing plans.
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Kristen Perry | Senior Manager | CPA
As a Senior Manager, Kristen works with individual and corporate clients in the firm’s Commercial Practice Group. She serves a variety of industries providing tax compliance, corporate tax provisions, retirement plan auditing and compliance, corporate financial statement audit and review services, internal control consulting, asset and liability management, and strategic planning and budgeting. Kristen also leverages her audit and accounting background in the financial services industry in providing high-level support for taxation issues relevant to her financial institution clients.
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1:50 p.m. Bringing ESG to your Organization: What you need to know
Jared Kelley | Managing Consultant | Wolf & Co., Boston, MA
It is clear there is increased awareness on the sustainability of business organizations today. That awareness has prompted more transparency on how business practices align with environmental and social issues of concern to stakeholders. There is a vast body of environmental, social, and governance (ESG) knowledge and that presents a challenge to corporate executives today. That is, it’s difficult for corporate executives to understand what ESG initiatives should be prioritized within their organizations.
We will share our observations about where organizations are focusing their ESG efforts and what issues are more pertinent to Financial Institutions as we continue to monitor the regulatory landscape. Climate risk management is only one segment of the ESG conversation, but it is an issue which continues to be at the forefront of the regulatory agenda. We will discuss methodologies on how to identify climate-related threats and vulnerabilities to your organization and locate opportunities for mitigation.
Key Takeaways:
- Learn what the expectations are from various stakeholders, including the regulators’ perspectives
- Understand the specific risks from ESG and Climate and how to determine how they may apply to your Financial Institution
- Understand what strategic opportunities there are for Financial Institutions who adopt ESG
- Identify where you are on your ESG journey and what can you do now to build structure around your ESG program development
3 p.m. Complete Evaluations and Adjourn
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Credit Hours
Earn up to 4 hours of CPE credit.
- Level: Intermediate
- Prerequisites: None
- Advance Preparation: None
- Field of Study: Finance – Technical
- Instructional Method: Group Live
- Length: 6 hours
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Who Should Attend?
CFOs, Controllers, Accounting staff and other responsible for bank financial management.
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The Workforce Training Grant Express Program assists companies in addressing their staff training needs. To receive the grant, banks need to complete a short online application to request grant funds. For grant recipients with under 100 Massachusetts employees, you may receive full reimbursement of the cost of training upon completion of an approved course. For grant recipients with 100 or more Massachusetts employees, upon completing an approved course, you may receive reimbursement of as much as half the total cost of training.
The deadline to apply for the grant is 21 days before the program begins. (Course ID #1132231). Therefore, we strongly urge you to complete the process asap to ensure that your application is approved in time. For more information or to apply, visit https://commcorp.org/subprogram/wtfp-express-program/.
Please note that your bank must have a Certificate of Good Standing. Click here to request one.
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Pricing for MBA and FMS-Boston Members: $250
Pricing for Non-Members:
Payment must accompany all non-member registrations.
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Ways to Register:
Online: Click here.
Email: We are able to accept registration forms with credit card information via Secure Email. Please email to registrations@massbankers.org. You can also register online using a credit card.
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Cancellation Policy: A $50 per person cancellation fee will be deducted from the refund. However, registration fees are forfeited when cancellations occur within three business days before the event. Substitutions are permitted. No show registration will not be refunded however, the materials will be sent upon request.
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For more information on program content, contact Tanya Duncan, Executive Vice President of Revenue & Strategy
For registration/cancellation information, contact Jessie Connors, Program Registrar & Administrative Assistant Education
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