Part I: Your Company’s Banking Relationships

March 8th CFIIA Event Member $45.00Non-member $55.00Student $10.00

Every company today maintains a relationship with some form of financial institution. Some companies may also be a vendor to financial institutions. We will discuss how to effectively manage your relationship with a bank or credit union, and what risks are involved - including how the current state of the industry and economy can impact your relationship. A few of the topics to be discussed include:

• Does the size of an institution or the markets they serve really matter? One bank or credit union is the same as another – right?
• How should my company effectively manage their banking relationships? How do we get the best service, rates and fees?
• I’m a vendor to a financial institution – why are they asking me for a SAS70 report? What do they really need and what will they do with this information?
• We’re selecting a financial institution to service our company – where can we find information about them and what questions should we ask when conducting due diligence?
• How and why does a financial institution fail?
• If the financial institution fails, how does that impact our relationship? What happens next?
• I’ve heard what the media reports on the state of the industry, but what’s really going on? What does CAP, TARP, TLGP, etc. really mean and how does it impact us?
• Today, what risks should I be most attuned to as part of my company's governance function?

Part II: Your Personal Banking Relationship

Just about every U.S. citizen maintains a personal relationship with a bank or credit union. What does the current state of the economy and the financial services industry mean to you personally? How do recent changes to banking regulations impact you and your family? A few of the topics to be discussed include:

• Is it safe to keep my money in a bank? Should I keep it all in one bank or several banks?
• What questions should I ask when doing business with my financial institution?
• How does the bank perceive my relationship and standing with them? How can I get the best possible rates and lowest fees?
• I’ve heard about consumer-focused banking reform, especially the CARD Act - how does this impact me?
• If the financial institution fails, how does that impact my personal banking relationship? What should I do?
• What should I do if my home value is "underwater"? What are my options?

Sponsored by: Sunera

About the speaker...

Chip Fradet is a Managing Director with Sunera and has responsibility for the Banking and Financial Services industry practice. He has over twenty-four years of diversified banking, information technology, risk management, compliance, operational efficiency and strategic planning work experience, having worked at the executive and management level with consulting/business services firms, public accounting firms, banking/financial service companies and software developers. Chip is Certified in the Governance of Enterprise Information Technology (CGEIT) and is a Certified Information Systems Auditor (CISA).

Before joining Sunera, Mr. Fradet held positions in Enterprise Risk Management and Information Security at one of Florida’s largest community banks. Prior to this, Mr. Fradet was the Director responsible for the fifth-largest US public accounting firm’s Technology Risk Management practice for the Southeastern United States. He is also a former Principal of a nationally recognized boutique consulting firm focused on the banking and financial services industries. Over the course of his consulting and audit career, he has managed and delivered engagements to banks ranging in size from several million dollars to several billion dollars in assets. Mr. Fradet also has a solid understanding of banking from hands-on experience earlier in his career as a commercial banker and internal consultant in one of the top 5 US banks.