www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

This episode covers NCUA's Guidance to Examiners on how they should evaluate credit union earnings.

Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

Hire us and gain:

• Peace of mind during your exam process

• Insider knowledge of NCUA procedures and expectations

• Strategies to address potential issues before they become problems

• Continuous access to our extensive subject matter expertise

With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.

www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

NCUA's Supervisory Letter on Enterprise Risk Management. Audiobook style.

Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

Hire us and gain:

• Peace of mind during your exam process

• Insider knowledge of NCUA procedures and expectations

• Strategies to address potential issues before they become problems

• Continuous access to our extensive subject matter expertise

With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.

www.marktreichel.com

https://www.linkedin.com/in/mark-treichel/

## Episode Overview
This episode covers the OCC's Fall 2024 Operational Risk report, examining key areas of focus for financial institutions including cybersecurity, operational resilience, innovation, and fraud risk management.

## Key Topics Covered

### Cybersecurity
- Elevated operational risks due to evolving cyber threats and AI technology
- Importance of third-party risk management in the expanding cyber threat landscape
- Critical security measures including MFA, system hardening, and patch management
- New post-quantum computing encryption standards from NIST

### Operational Resilience
- Focus on mitigating disruption events and cyber incidents
- Case study from mid-2024 involving global disruptions from flawed software updates
- Importance of testing and validating resilience plans

### Innovation and New Services
- Banks' adoption of new technologies and fintech partnerships
- Cautious approach to AI and machine learning implementation
- Considerations for digital asset custody and cryptocurrency services
- Challenges of maintaining legacy systems while pursuing digitization

### Fraud Risk Management
- Evolution of fraud prevention strategies
- Importance of customer identification and verification
- Implementation of transaction verification and authentication controls
- Role of technology in flagging suspicious activity

### Third-Party Risk Management
- Continuous lifecycle approach to third-party relationships
- Risk management processes scaled to bank size and complexity
- Importance of ongoing monitoring as relationships evolve

## Resources Mentioned
- Credit Union Exam Solutions Incorporated
- Mark Treichel's Website: marktreichel.com
- "With Flying Colors" Podcast

## Contact Information
- LinkedIn: Mark Treichel
- Website: marktreichel.com

## Disclaimer
This podcast is educational and does not constitute legal advice. All opinions expressed are for informational purposes only.

Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

Hire us and gain:

• Peace of mind during your exam process

• Insider knowledge of NCUA procedures and expectations

• Strategies to address potential issues before they become problems

• Continuous access to our extensive subject matter expertise

With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.