5 Class Hours
Instructor: Tory Haggerty
Why is this course important:
The growth strategies we talk about often have major unforeseen risks that are usually identified too late. Every future bank leader should have a basic understanding of these compliance risks, but so few ever gain this knowledge. You can be the thought leader at your organization to ensure you never end up like the case studies we will cover.
This course is designed to explore growth opportunities available to community banks, focusing on how to leverage compliance risk as a catalyst for expansion rather than a hindrance. You will learn to view growth and risk from a compliance and third-party risk viewpoint, ensuring that your growth is profitable and not setting you on the path of regulatory scrutiny.
Often, growth opportunities are overlooked or misunderstood because decision-makers lack a comprehensive understanding of the associated risks. Community banks don’t have to miss out on potential opportunities due to resource constraints compared to larger institutions. Additionally, critical risks like compliance and redlining are sometimes identified too late, transforming promising growth initiatives into regulatory challenges or huge fines and penalties.
Successful growth strategies must be intentional. Decision-makers should be well-informed about both the risks they face and the opportunities at their disposal. This course aims to equip the next generation of banking leaders with the skills to identify key opportunities while understanding the associated risks.
Key takeaways of this course:
- Analyze current and future branching strategies
- Utilize technology and data for informed strategic decision-making
- Optimize personnel and marketing resource allocation through data insights
- Leverage social media effectively while considering risk management
- Navigate partnerships with FinTechs and third parties, balancing potential risks and rewards
Annual School Session
Second Year Elective Course
Competency: Leadership & Culture