What is the most common entry point for cybercriminals targeting banks? What's an LLC stand for? What are some current business ethics topics? What are some types of faster payments? (4 of them) (ZEMS) What is the biggest door into the bank for cyber crime?

What is the biggest door into the bank for cyber crime?

What type of risks are associated with information technology in banking? What type of risk does information technology create? T or F: Capital acts as a reserve against unexpected losses and protects the creditors incase of a bank liquidation T or F: Economic value of equity is utilized to measure short term equity risk? T or F: All customer facing employees should be trained in fraud detection

What type of risk does information technology create?

Content should be relevant, current, and accurate What are some things to include in your website? T or F: A general obligation municipal bond is backed by the full faith in credit by the issuer? Regarding cyber insurance, what are things the bank needs to provide to their cyber insurance provider? T or F: A financial institution is expected to maintain adequate capital with the nature and extended risk

What are some things to include in your website?

developing customer value by attracting new customers and keeping existing customers. What is the goal of bank marketing? How do you refer to the creator of a trust? T or F: Management is a key component to all remaining 5 CAMEL components. How can chat GBT assist HR?

What is the goal of bank marketing?

being constant in colors, graphics, font, images, ect. What are some things to keep in mind when establishing your brand? With regards to trust what are some examples of a qualified event? What are some examples of CTR phase one exemptions? Microsoft made at $10 billion investment into what?

What are some things to keep in mind when establishing your brand?

Teaching Others (as it is the highest on the triangle) What are some current business ethics topics? T or F: All customer facing employees should be trained in fraud detection What is the best training for retention? What is the goal of bank marketing?

What is the best training for retention?

Family status, gender, education, military service, thanking or personality style, languages, race, ethnicity, office location, sexual orientation, disability, age, background What might be included with an inclusive work force? What are some of the things included in the process of bank lending? What are some current business ethics topics? Vendor Management

What might be included with an inclusive work force?

OBA Intermediate Banking School – Session 2

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Sociology - Management

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Cards in this deck(53)

What is the most common entry point for cybercriminals targeting banks?

What type of risks are associated with information technology in banking?

Which of the following would adverse affect the borrowers ability to repay their debt?

Content should be relevant, current, and accurate

developing customer value by attracting new customers and keeping existing customers.

being constant in colors, graphics, font, images, ect.

Contributions, presence and perspectives of different groups of people are valued and integrated into an environment

Teaching Others (as it is the highest on the triangle)

Create job descriptions Update policies Employee onboarding Employee support Recruitment and screening Performance management Training and development

Family status, gender, education, military service, thanking or personality style, languages, race, ethnicity, office location, sexual orientation, disability, age, background

Level of connection (mental and emotional) employees have to their work. Factors contributing to employee, engagement, camaraderie, recognition, and environment.

Liquidity Safety Income

Net Interest Margin

Grantor aka trust maker trustor settlor

Goes into effect upon creation and funding - Not subject to probate - Private document allows for more creative tax and estate planning options - Can work in tandem with a will

Dynasty trust

Subject to more regulatory requirements and requisites - Provide for luxuries or other benefits which otherwise could not be obtained

Created in the lifetime of the Grantor - Can be altered modified or revoked entirely - Also known as a living trust or Inter Vivos Trust - Grantor transfers assets/property to the trust and usually serves as the initial Trustee during lifetime - Extremely helpful at avoiding probate - Usually evolves into a irrevocable trust upon death of the grantor or other qualifying event

Death Incapacity Refusal to serve Failure or breach of fiduciary duty Marriage Birth of children grandchildren great grandchildren Divorce

Brand identity Intellectual property such as patents Trademarks copyrights, etc

When structures are in a flood zone

applicable employees (may want to include ALL employees)

Stored Value Cards - Third Party Vendors - Overdraft fees/programs - Product Disclosures - Advertisements - Indirect Lending - Add on products

Objectivity (don't pre-judge) - Selflessness (don't naval-gaze) - Stewardship (don't pursue one's self-int) - Transparency (don't hide decision making) - Integrity (don't lower your morals/standards)

Whistle blowing Ethical investment Use of company computers Lobbying and political donations Environmental responsibility Human rights Conflict of interest Bribery, corruption Employee security Data protection Gifts and hospitality Executive pay Governance Money laundering Procurement/supply chain Child labor Facilitation payments Advertising and sales practices Harassment, discrimination, and bullying

Pressure Rationalization Opportunity

ACH Debits

Product development - CUSTOMER SERVICE - Networking and idea sharing - Market intelligence - BUILDING A COMMUNITY - Research on people (HR) - Global Perspective - News & Info

What percentage of ransomware victims did not have Multi-Factor Authentication (MFA) in place?

Net Income/Total Assets

Irregular or delinquent payments - Having negative information on new borrowers credit reports - Financial statements reveal (operating losses, decline in liquidity, build up of inventory or A/R, decline in the equity to debt ratio - Actual sales and cash flows fall below projections - sudden, unexplained changes in the companies deposit balances - Credit lines do not pay out once a year - borrower does not submit financial statements as agreed and is difficult to contact - borrower changes accounting methods, especially on inventories

Capital Capacity Cash Flow Character Collateral Conditions

Business development Credit analysis Credit execution Credit administration Credit review

Zelle EXCHEQ MasterCard money send/visa direct Same day ACH

FedNow

What are some examples of crypto currencies? (3 of them)

Which debt category has more than 10 percent of the debt 90 days delinquent?

Under what circumstances is a Suspicious Activity Report (SAR) required to be filed

Who needs to know when a SAR is filed?

What are some examples of CTR phase one exemptions?

Net interest margin Interest rate indices Interest rate shock analysis ALCO compliance Interest rate forecasts

Interest Liquidity Credit Cyber

Bank failures and bond portfolios upside down

Maintaining proper cyber hygiene and risk management practices

Capital stock Surplus undivided profits Dividends Net unrealized gains / loss

Increases in deposits - Decreases in deposits - Unrealized losses in the investment portfolio - Losses in income - A publicly traded banks capital change case upon market conditions

Fed funds are automatically purchased

Paying interest on funds - Paying 1.5 times fed funds on funds over capitalization rate

Net interest margin decreases More deposits and more loans

Limited Liability Company

Limited partnership has two rolls, general partner, and limited partner. Will need to get EIN from IRS General partner, unlimited liability for partnership debts Limited partner, no personal liability for partnership debts Business assets, protected by personal debts of partners Must be maintained or risk having liability protection fall apart Must be maintained or risk having a state transfer fall apart Income tax, ordinary, income, bracket respect partner

Corporations is a legal entity and must pay its own taxes. - Anyone receiving wages, distributions must pay taxes as ordinary income. - LLCs members pay taxes and taxed sole proprietorship - Corporations must get EIN, LLCs don't have to have EIN - Corporations have shareholders, LLC has members. - LLCs have operating agreements, corporations have bylaws

General partner, unlimited liability for partnership debts

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OBA Intermediate Banking School – Session 2

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