This event is a fusion of our traditional CFO Symposium, Management Team Conference, Credit Conference and Security Summit. Registration for your role specific pathway will be offered as well as a full forum registration which will allow you to choose your own path.
Time: 9 am – 4 pm both days
Total Program: $795 (Early Bird – 9/24) / $845 (Regular – after 9/24)
Day 1: IRA Essentials Only: $415 (Early Bird – 9/24) / $465 (Regular – after 9/24)
Day 2: Advanced IRAs Only: $415 (Early Bird – 9/24) / $465 (Regular – after 9/24)
Individuals can register for all days as a full package, or can register for any day a la carte. You can view topics for each day on the agenda (link above).
Day 1 – IRA Essentials
You should register for this program if you need to learn the basics of Traditional and Roth IRAs or you want an updated, general refresher on IRA rules.
This session will give attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence. This is a beginner’s session; no previous IRA knowledge is assumed.
Course topics include:
- Introduction and Establishing IRAs
- Identify the tax differences of a Traditional and Roth IRA
- Examine the process for establishing an IRA and the required documents
- Differentiate between the types of beneficiaries
- IRA Funding
- Learn about the Traditional and Roth IRA eligibility requirements
- Identify the contribution limit and deadline
- Communicate contribution reporting deadlines
- IRA Distributions
- Identify federal income tax withholding requirements
- Examine IRS penalties and penalty exceptions
- Summarize the tax consequences of IRA distributions
- Communicate distribution reporting deadlines
- IRA Portability
- Differentiate between a rollover and a transfer
- Recognize rollovers between IRAs and employer-sponsored retirement plans
Day 2 – Advanced IRAs
You should register for this session if you are an IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and wishes to expand your expertise and provide enhanced customer service, a compliance specialist, or support personnel responsible for promotional materials.
This portion of the program will build on an attendees’ basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session, and previous IRA knowledge is assumed. The instructor will use real-world examples to help participants apply information to job-related situations.
Course topics include:
- IRA Update
- Explain recent changes affecting IRA owners
- Discuss the current Roth modified adjusted gross income (MAGI) limits
- Recognize how recent changes may affect your financial organization
- Required Minimum Distributions
- Calculate a required minimum distribution (RMD)
- Discuss the RMD rules and reporting requirements
- Beneficiary Options
- Describe beneficiary distribution options
- Recognize the differences for spouse, nonspouse, and nonperson beneficiaries
- Explain beneficiary payment deadlines
- Advanced Portability
- Summarize the restrictions on the movement between IRAs
- Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
- Explain the result of violating the portability restrictions
- Roth IRA Conversion Contributions
- Describe a conversion
- Explain the effect of withholding on a conversion
- Report a conversion
- Define the consequences of an ineligible conversion
- Withholding and Getting It Right
- List the possible penalties for failing to withhold
- Explain the withholding notice and election requirements
- Discuss how withholding is reported and transmitted to the IRS
- Describe foreign withholding requirements
Jeff Aga – Technical Consultant, Ascensus
Jeff Aga is a Technical Consultant with the ERISA Technical Support Department at Ascensus. He assists clients with technical compliance questions through the 800 Consulting Service. He instructs Ascensus’ webinars and various Ascensus sponsored seminars nationwide. Jeff lends technical expertise regarding Qualified Retirement Plans, Traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts and various employer-sponsored retirement plans such as 401(k) plans, 403(b) plans, SEP and SIMPLE IRA plans. He also conducts qualified retirement plan, 403(b) plan, and IRA compliance audits.
Jeff joined Ascensus in 1994 as a Plan Specialist in the Balance Forward Recordkeeping Department, and has served as a Client Service Representative as well as a Team Leader of Client Services with the Plan Service Group. He holds the Certified Pension Consultant, Qualified 401(k) Plan Administrator and Qualified Pension Administrator designations from the American Society of Pension Professionals and Actuaries and is a Certified IRA Services Professional.
The NCBA has secured a discounted rate of $159/night for our attendees at the North Raleigh Hilton. To secure this discounted rate, please use the link below. The hotel is located two miles away from the NCBA.
Please note that attendees are responsible for securing their hotel reservations.
Total Program: Early Bird – $825 (until 10/2) / Regular – $875 (after 10/2)
Intermediate (Days I & II) Only: Early Bird – $600 (until 10/2) / Regular – $650 (after 10/2)
Advanced (Day III) Only: Early Bird – $350 (until 10/2) / Regular – $400 (after 10/2)
This program is designed for Commercial Lenders, Credit Analysts, Consumer Lenders, Loan Review Officers, Compliance Officers, Branch Managers and Credit Officers. After attending, registrations will:
- Know how to identify key industry, business and management risks
- Know how to analyze and understand the more complex credit requests
- Have a deeper understanding of cash flow analysis and financial forecasting
- Enhance your overall credit underwriting skills
- Understand proper loan structuring
The Intermediate Level will expose participants with experience to the fundamentals required to be successful in the commercial lending process. It will cover analytical skills, including: accounting fundamentals, financial statement and tax return review; ratio analysis, cash flow analysis and loan structuring. The method of instruction includes case studies to present concepts and reinforce understanding.
Course topics include:
- Understanding the role and importance of commercial lending in the banking industry
- Identifying the information required to make a financial assessment
- Learning key accounting principles, assumptions and the rules of debits and credits, which is required to understand how financial statements are created
- Review a full set of financial statements and tax returns
- Calculate basic ratios to determine financial strength including liquidity, leverage, asset management, operating performance and cash flow
- How to structure loans property to match the financial requirements of the borrower
The Advanced Level will utilize ratio analysis and cash flow analysis to determine the financial impact on changing financial metrics, short-term and long-term structuring, and to determine future financial performance. This course is designed to provide the more experienced lenders with the tools necessary to ensure a quality loan portfolio – from analyzing promising prospects or customers, to loan approval and documenting your actions as being proper and prudent.
Topics to be covered include:
- Analyzing industry, business and management risks
- Advanced ratio analysis
- Financial impact analysis to determine the impact on cash flow from changing financial metrics (credit ratios)
- Net working investment analysis utilized to determine the amount required to fund a business’s short-term financing requirements (the essence of loan structuring)
- Financial forecasting and sensitivity analysis to determine a business ability to generate cash flow in the future to service existing and proposed debt
- Calculating sustainable growth which is the rate revenue can grow without increasing leverage to an unmanageable level
- Uniform cash flow and global cash flow analysis for borrowers with interest in multiple entitites
- How to write an effective credit memorandum
Jeffery Johnson – Senior Consultant, Bankers Insight Group
Jeffery Johnson started his career with SunTrust Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender for SouthTrust Bank (a large Southeastern Regional Bank) and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta (Community Bank).
Most of his career has been spent in Credit Administration, Lending (Commercial, Consumer and Real Estate), Business Development, Loan Review, Management and Training & Development. He has managed loan portfolios representing a cross section of loan types including: Large Corporate, High Net Worth Individuals, Middle Market Companies, Small Businesses, Real Estate and Non-Profit Organizations and managed several loan officers with portfolio management responsibilities.
Jeffery is now a training professional in the banking industry by leading various seminars covering important topics relating to issues in banking. He teaches actively for fifteen state banking associations in the United States, Risk Management Association (RMA) and individual banks nationwide. He co-authored a training course entitled “Lending to Service and Other Professional Organizations” for RMA in 2001.
The NCBA has secured a discounted rate of $159/night for our attendees at the North Raleigh Hilton. To secure this discounted rate, please use the link below.
Please note that attendees are responsible for securing their hotel reservations. Should you encounter any issues with your reservation, please contact Business Travel Sales Manager, Courtney Quatrara at 919.878.4914 or firstname.lastname@example.org.
Complying with federal banking regulations is a demanding, time consuming, and expensive task; therefore, a thorough understanding of the various laws and regulations governing your operations is essential in today’s environment.
The Carolinas Regulatory Compliance School helps financial institutions meet the compliance challenge by providing intensive training on the various regulatory requirements. Designed for personnel who monitor or manage your institution’s compliance, the Compliance School provides the most effective training available anywhere today. The Compliance School curriculum includes all major federal regulations covered in an on-site compliance examinations by federal regulatory agencies.
The Alumni Update will be conducted by Anetria Connell from ProBank Austin. This special alumni session will only be open to those who have completed either module of the Regulatory Compliance School in the past. Participants will receive an updated version of the manual that was provided to them during Compliance School, and will review the updated manual to discuss recent developments and common problems.
Specific topics will include:
- Regulation Z
- Equal Credit Opportunity Act
- Fair Housing Act
- Unfair, Deceptive, Abusive Acts or Practices (UDAAP)
- Flood Disaster Prevention Act
- Homeowners Protection Act ~ PMI
- Homeownership Counseling, SCRA
Anetria Connell is a Vice President at ProBank Austin. Prior to joining the firm, she served as legal counsel to the Kentucky Department of Financial Institutions which regulates depository, non-depository, and securities entities. Her primary responsibility at the Department was the Dodd-Frank Act, whereby she assessed its effect on federal and state law and provided information and training to examiners and staff. In addition to her regulatory experience, Ms. Connell practiced business, real estate, and banking law. She graduated from The George Washington University Law school in 2004 with honors, and is licensed to practice law in Ohio and Kentucky.
The NCBA has secured a discounted rate of $149/night for our attendees at the Sheraton Imperial Hotel. To secure this discounted rate, please use the link below. The cut-off date for this discounted rate is Tuesday, September 24. Please note that attendees are responsible for securing their hotel reservations.
We are promoting Campbell’s School of Business Career Recruitment Day! If you are interested in hiring interns for now or summer 2020, anticipating hires for December or May graduation, or need micro-interns for project work, this event will showcase our polished students majoring in a variety of business acumen. Educate our students about your firm and see if they might be the strategic response needed for your succession challenges!
The NCBA is partnering with Arnold & Porter on the Bank Notes of 2019 webinar series. This will be a quarterly series of webinars that are offered exclusively to NCBA members addressing regulatory issues that are most relevant to North Carolina banks.
Each Bank Notes session will include a report on:
- New Rules and Regulations
- Enforcement Actions and Trends
- M&A Activity
- 20-Minute Deep Dive – Fintech: Opportunities and Risks
Session swill be tailored to educate all aspects of banks’ operations (customer relationship personnel, BSA officers, legal, compliance, audit, operations, senior management, and directors). Each session will be 50 minutes, followed by a 10-minute Q&A session. The link will be delivered to attendees 24 hours before the program begins, and each registrant will be provided with an e-book containing the presentation materials and other supporting documents relevant to the discussion.
Michael Mancusi – Partner, Arnold & Porter
Michael Mancusi represents domestic and foreign banks, credit unions, and other financial services clients in a wide range of state and federal regulatory, compliance, and enforcement matters. He also has substantial experience representing clients in government and corporate internal investigations, including entities subject to anti-money laundering requirements.
Mr. Mancusi counsels clients facing complex corporate governance and structural issues and represents clients before key state and federal bank regulatory agencies, including the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the National Credit Union Administration, the Financial Crimes Enforcement Network, the Consumer Financial Protection Bureau, and the Office of Foreign Assets Control.
Kevin Toomey – Associate, Arnold & Porter
Kevin Toomey represents bank and nonbank financial services companies, along with their boards of directors, executives, and senior management, in a wide range of enforcement, regulatory, compliance, and governance matters before the federal and state banking agencies, Department of Justice, CFPB, FinCEN, and OFAC. Mr. Toomey regularly represents clients in investigative proceedings, including navigating internal and government investigations, and advises clients on issues relating to the Bank Secrecy Act and anti-money laundering requirements, consumer protection, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and state and federal banking laws and regulations.