ALM Education: For Those Who Need To Sweat The Details
Jun 16-19, 2020
Finance teams have a unique challenge in that their institutions rely on them to deeply understand the ins and outs of ALM.
Day 1: Setting the Foundation
Day one in classroom style is designed to provide a basic understanding of ALM methodologies and assumptions while providing useful ways to communicate how the numbers connect to your credit union’s strategy.
We will address simple concepts of:
- What risks you would want to measure and how to evaluate those risks
- NEV, Static Balance Sheet, Long-Term Risks to Earnings and Net Worth: Understanding the results and how to use them
- What assumptions are needed for different methodologies
- Understanding profitability by asset category
- Introduction of Napkin Math to evaluate the reasonableness of answers
Days 2-4: Methodologies, Assumptions, and Messaging
Days two through four are designed to break down and simplify the complex web of methodologies and assumptions using real-world scenarios and modeling what-ifs. This interactive format allows for learning practical ways to communicate how the numbers connect to strategy.
We will address questions we often hear, such as:
- What does each common ALM modeling methodology tell us – or not tell us?
- What are the top 10 observations from model validations?
- What are proven practices for creating reasonable modeling assumptions and identifying key issues in our model setup?
- What are advanced approaches for creating strategies to optimize sustainable earnings and remain within our established risk limits?
- How can we calculate our strategic net worth requirements in order to communicate risks to net worth in aggregate?
- What questions should we consider when quantifying our liquidity needs?
- What are practical ways to help other decision-makers see the short- and long-term financial impact of our strategic plan?
- What are credit unions being asked by examiners about their ALM process?
Our engaging instructors work with hundreds of financial institutions. Bring your questions. They will be ready to answer them.
Participants will earn up to 20 CPE credits
Content Level: Basic to Intermediate
Instructional Delivery Method: Virtual
Location: In light of recent events, this course will be held virtually. We will continue to monitor guidelines from the CDC and, if they issue guidance in advance of the course date that travel is safe, we will consider opening up in-person attendance. We will let you know if that becomes possible. If the CDC says it is safe to travel, and you choose to join us in person for the course, please note that the course times below will remain the same.
Prerequisite Education or Experience: Basic familiarity with credit union financial statements
Advance Preparation Requirements: None
Who Should Attend: CFOs and finance team members
What People Are Saying:
- “The quick math formulas are very valuable and something I can share with my ALCO” – Chief Financial Officer
- “It was helpful to run through different scenarios and understand the overall impacts” – Senior Financial Analyst
- “I now have a better understanding of reports and visualizations” – Director of Finance
Tuesday, June 16, 2020: 8:30am – 1:30pm PT
Wednesday, June 17, 2020: 8:30am – 1:30pm PT
Thursday, June 18, 2020: 8:30am – 1:30pm PT
Friday, June 19, 2020: 8:30am – 1:30pm PT
Fees, Refund, and Course Cancellation Policy
Fee*: $980 for one participant; $840 for each additional participant from the same credit union.
Refunds will not be given for cancellations received less than 30 days prior to the session; however, a substitute from your credit union is welcome.
In the rare case that a class must be cancelled, c. myers will make every effort to do so 30 days or more in advance of the class, in which case we are not responsible for travel costs or penalties incurred.
*Reduce your fee 15% by registering at least 30 days prior to the course.
Complaint Resolution Policy
c. myers will make every effort to resolve complaints regarding NASBA compliance within a reasonable amount of time and in a confidential manner. A formal complaint must be submitted in writing and must set forth a statement of the facts and the specific remedy sought. Submit complaints to:
c. myers corporation
Attn: CPE Program Administrator
8222 South 48th Street
Phoenix, AZ 85044
CPE Program Administrator: 800.238.7475
c. myers corporation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
c. myers corporation
Promenade at South Mountain
8222 S. 48th Street, Suite 275
Phoenix, AZ 85044