Independent Banker - June 2021 - 17

Meet the CROs
Josh Hofer
Chief risk and information
security officer
Stearns Bank
St. Cloud, Minn.
f Assets: $2.2 billion
f Years at bank: 5
f Background: IT, IT security
and bank operations
Jennifer Johnson
Vice president and chief risk
and operations officer
Forte Bank
Hartford, Wis.
f Assets: $290 million
f Years at bank: 6
f Background: Compliance,
audit and operations
Greg Schaller
Senior vice president and chief
risk officer
Midwest BankCentre
St. Louis, Mo.
f Assets: $2 billion
f Years at bank: 5
f Background: Accounting,
audit and compliance
Andrew Stines
Executive vice president and
chief risk officer
Coastal Community Bank
Everett, Wash.
f Assets: $1.7 billion
f Years at bank: 1
f Background: Legal,
compliance and
risk management
JUNE 23 | 3 ET/2 CT
CECL Simplified:
5 Reasons to Use
the WARM Method.
Featuring:
Michael Stinson
President
FBX BankTrends
Bridgette Hardonk
Sales Executive
FBX BankTrends
Josh Hofer: We try to be proactive
with our risk framework and build
in processes so that if there is an
opportunity on the business side, they
are not waiting on the back office or
risk to catch up. One of those examples
is the FFIEC CAT [Cybersecurity
Assessment Tool]. We try to stay one
level ahead of the current maturity, so
from a tech standpoint-and everything
touches tech-if there is an opportunity,
or if we grow or want to offer a product
or service that's a bit more risky, we
already have controls in place and [can
go ahead with the opportunity].
Andrew Stines: Reporting risk
continues to be a big challenge.
Reporting risk in a single area
isn't difficult. Reporting across all
departments and lines of business in a
manner that is useful and meaningful
is much more difficult. It requires
good methodology and technology
and personnel who know how to
perform data analytics and cooperate
with business units that own data.
Another challenge is [that we are]
experiencing rapid growth due to
our relationship with Google and our
banking-as-a-service (BaaS) division.
It's challenging to have to move this
fast and build processes, procedures
and resources and do it in a scalable
and safe and sound manner.
Jennifer Johnson: [Forte Bank
has] $200 million in assets to
[Coastal Community Bank's nearly]
$2 billion, yet the risks we're facing
are really similar. From an operational
standpoint, we, too, are struggling with
making our processes faster and better.
No matter your size, customers make
Featuring:
Josh Juergensen
Principal
CliftonLarsonAllen,
LLP
The FASB deadline for the new
accounting standard is just around
the corner. Is your organization ready?
Join our FBX live demo with guest
speaker Josh Juergensen from CLA,
as we discuss 5 reasons you should
use the WARM Method for your
CECL calculation.
REGISTER TODAY!
To register and view our full
library of free on-demand
webinars, visit the Independent
Banker Webinar Center at
Independentbanker.org
http://www.Independentbanker.org
Independent Banker - June 2021

Table of Contents for the Digital Edition of Independent Banker - June 2021
