EasCorp s 2017
ALM Academy
EasCorp’s nineteenth annual ALM Academy features three tracks including Finance for Non-Financial
Credit Union Executives, Introduction to Asset Liability Management, and Advanced Asset Liability
Management. Each track features a combination of lecture and case study with the goal of preparing you
for a fast changing economy and the decision-making capabilities this will demand. Instructors represent
a mix of educators and industry practitioners of diverse backgrounds, and they are sure to deliver
engaging presentations.
You may commute, or take advantage of hotel and dining facilities on the scenic Babson College campus.
Students who choose to stay on campus are invited to join us in the main dining room for dinner on
Monday, March 27 and Tuesday, March 28, 2017. Classes commence on Tuesday, March 28, at the
Babson Executive Conference Center in Wellesley, Massachusetts.
Lunch is served each day from noon to 1 p.m.
FINANCE FOR NON-FINANCIAL CREDIT UNION EXECUTIVES TRACK
This two-day session is specially designed for non-financial executives and managers, as well
as elected leaders. Participants will review their credit union’s balance sheet and income
statement and perform ratio analysis to glean valuable insight into the credit union’s
operations and its financial health; the goal of course work in this track is to empower
informed decision makers.
INTRODUCTION TO ASSET LIABILITY MANAGEMENT TRACK
This two-day program is designed for CEOs, CFOs, ALM committee members, financial
management staff, and other staff involved in actively managing the balance sheet. The
track lays the foundation for developing an understanding of interest rate risk and key
interest rate risk measurements. Topics include an introduction to interest rate risk,
common tools for measuring and monitoring risk, and building blocks for developing sound
risk management policies and practices.
ADVANCED ASSET LIABILITY MANAGEMENT TRACK
This two-day intensive program is suited for financial analysts and those directly
responsible for managing and monitoring the credit union’s rate risk exposure. Topics
include an in depth review of model assumptions, liquidity risk management, investment
analysis, loan participations, and CECL considerations.
35 Corporate Drive, Suite 300 | Burlington, MA 01803 | www.eascorp.org | 800.428.1144
EasCorp s 2017
ALM Academy
COURSE AGENDAS
Finance for Non-Financial
CU Executives Track
TUESDAY, MARCH 28, 2017
9 a.m. – 10:30 a.m.
Orientation to Financial Management
• Organization structure (i.e. not-forprofit, member-owned) and why this
matters financially
• Buying and selling money—deposits,
borrowings, loans, and investments
• Balancing risk and reward
10:45 a.m.—noon
Ratio and Margin Analysis
• Understanding how your credit union
earns its money—interest income,
interest expense, non-interest
income, non-interest expense
• Calculating ratios and analyzing
their meaning
• Performance benchmarking
• The value of capital
• Product pricing
1 p.m.—3 p.m.
Ratio and Margin Analysis continued
3 p.m. – 4 p.m.
Identifying and Managing Risk
• Basic Asset Liability Management
techniques
WEDNESDAY, MARCH 29, 2017
9 a.m. – noon
Learning to Think like an Analyst
• Case study presentation
1 p.m. – 2 p.m.
Risk-Based Capital
•Overview of new risked based capital
rule
2 p.m. – 3 p.m.
Regulator’s Perspective
• Regulatory update
3 p.m. – 4 p.m.
Examination Prep
•Managing the exam
•Documentation management
Introduction to ALM Track
TUESDAY, MARCH 28, 2017
9 a.m. – 10:30 a.m.
Introduction to ALM
•Interest rate risk — what is it and why
is it important?
•Tools to measure and monitor risk
10:30 a.m. – noon
It’s Not Just Modeling — Key to
Developing a Sound ALM program
• Developing policies for
risk management
• Understanding the role of the
ALM Committee
1 p.m. – 4 p.m.
ALM Modeling - Building Block Basics
• Understanding key model inputs
and assumptions
• Risk measurement techniques —
gauging the value of risk
management tools, i.e. Net
Interest Income Simulation and
Net Economic Valuation
WEDNESDAY, MARCH 29, 2017
9 a.m. – 10:45 a.m.
Assumptions and ALM Case Study
 Detailed assumption review
 Sensitivity Testing and the impact
of assumption changes on model
results
10:45 a.m. – noon
Beyond Risk Reporting
• How to incorporate ALM analysis in
the business planning process
• How to consider ALM results when
evaluating new strategy
• Leveraging sophisticated analytical
tools to gain a deeper understanding
of the balance sheet and make more
informed business decision
1 p.m. – 2 p.m.
Risk-Based Capital
• Overview of new risked based
capital rule
2 p.m. – 3 p.m.
Regulator’s Perspective
• Regulatory update
3 p.m. – 4 p.m.
Examination Prep
•Managing the exam
•Documentation management
Advanced ALM Track
TUESDAY, MARCH 28, 2017
9 a.m. – 10:30 a.m.
Assumptions
•In depth review of key model
assumptions
10:45 a.m. – noon
Liquidity Risk Management
• Identify causes of liquidity risk
• Developing techniques to model,
measure and control liquidity risk
1 p.m. – 4 p.m.
Investment Analysis
• Investment performance expectations
• Security selection and comparative
analysis
• Selecting securities for your credit
union’s portfolio
WEDNESDAY, MARCH 29, 2017
9 a.m. – 10:00 a.m.
Loan Participations
•Considerations for managing a loan
participation program
10 a.m. – 11 a.m.
Current Expected Credit Losses
(CECL)
•Implications of new accounting
pronouncement
11 a.m. – noon
Back-Testing/Model Verification
• Methodologies for back-testing
1 p.m. – 2 p.m.
Risk-Based Capital
• Overview of new risked based
capital rule
2 p.m. – 3 p.m.
Regulator’s Perspective
• Regulatory update
3 p.m. – 4 p.m.
Examination Prep
• Managing the exam
• Documentation management
EasCorp s 2017
ALM Academy
REGISTRATION
Please complete this registration form and return by e-mail or fax. If you have questions, contact Sara Gouthro at 800.428.1144,
extension 3335 or Cindy Nelson at extension 3308.
Fax to:
Attn: Administration
781.505.9824
E-Mail to:
[email protected]
1. Provide Your Contact Information
Name _____________________________________________________________________________________
Credit Union ________________________________________________________________________________
Address ____________________________________________________________________________________
City ______________________________ State __________________________
Zip Code ______________
Telephone _________________________ E-mail _________________________________________________
2. Register for the Finance for Non-Financial Credit Union Executives, Introduction to ALM or Advanced ALM Track
Track Tuition (includes course materials, lunch and refreshments)
$845 per student — Early registration by January 31, 2017
$895 per student — Registration after January 31, 2017
Salutation/Student Name
Title
Please select your track:
E-mail
□ Non-Finance
□ Intro ALM
□ Adv. ALM
Shirt Selection: Men’s or Women’s
Shirt Size (Small, Medium, Large, X Large, XX Large, XXX Large)
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3. Book Hotel Accommodations*
□ I require hotel accommodations.
□ I do not require hotel accommodations.
Hotel: $275 per person per night (single room, includes breakfast and dinner)
Arrival date ____________ Number of nights ________ Departure date ____________
ENTER TOTAL FOR ACCOMMODATIONS: _______
*EasCorp reserves a limited number of rooms that are available on a first-come, first-serve basis. In the event these accommodations are sold out, arrangements will be made for off-site accommodations.
4. Enter Grand Total and Select Payment Method
GRAND TOTAL (TUITION PLUS ACCOMMODATIONS): __________
□ Please deduct the grand total from my EasCorp account.
□ I wish to pay by check (mail to: EasCorp, Attn: Administration, 35 Corporate Drive, Suite 300, Burlington, MA 01803)
Cancellation Policy:
You may cancel your registration until January 31, 2017 without penalty. There will be no refund for cancellations
received after January 31, 2017. Hotel reservations cannot be refunded at any time.