Predicting Bank Risk in an Unpredictable Year
What’s top of mind for community bank risk managers in 2021? On the latest episode of the ABA Banking Journal — sponsored by NICE Actimize Xceed — Kristina Schaefer provides an overview of what’s on her radar screen as chief risk officer and general counsel at First Bank and Trust, based in Brookings, South Dakota. Schaefer talks cybersecurity (including the growing risk of social engineering schemes amid banks’ work-from-home environments), credit risk, interest rate risk, fraud and more. A member of ABA’s Emerging Leaders Advisory Board, Schaefer also highlights talent risk as one to watch in 2021 — with more bank employees able to work anywhere, community banks may find out-of-market banks, as well as other companies, competing for their top professionals. Read insights from Schaefer and other bank risk professionals in Top Bank Risks for 2021. Analyze the current state of the industry to keep your bank strong and secure at this critical time of heightened risk at ABA Risk 2021, a virtual event combining ABA’s Risk Management Conference, Insurance Risk Management Forum and Risk Quantification Forum. This episode is sponsored by NICE Actimize Xceed.