Security & Risk Management Seminar

What The Board Of Directors Needs To Know About The Security Function

Presentation Abstract

Your institution's Security Officer's primary duty is to develop and administer a written Security Program for your institution. "Security" isn't just about alarms, robbery procedures and filing Suspicious Activity Reports any longer. "Security" has become the term that defines the evolutionary process that provides a safe and secure environment for employees to work -- and for customers to do business. "Security" has evolved rapidly from a minimal function into the "Security Department" -- a business unit -- and the Security Officer is often assigned the responsibility for managing, promoting and protecting the relationships among the five (5) most common, industry-standard areas of exposure, including:

l        Employees, insiders and institution-affiliated parties -- and their families

l        Customers, vendors, third-party service providers -- and other persons lawfully on the premises

l        Facilities that the institution owns, manages, maintains, leases or controls

l        Assets that are both tangible and intangible -- and particularly the institution's image

l        Records and documents that exist in all forms -- paper and electronic

The institution's Board of Directors must determine the form and scope of the security function. Traditionally, Board members receive limited -- or no -- education about their respective roles within the security function. The purpose of this presentation is to provide Board members and executives with the necessary information that they need to make intelligent and informed choices about developing and implementing a professional, institution-wide security function.

Traditionally, the security function is one of the least appreciated, most misunderstood and frequently maligned functions within the institution. Used appropriately, however, the security function may play a unique and pivotal role in ensuring the institution's overall profitability and success. Participants will be provided with an overview of the authority and duties of the Security Officer and other personnel under the Security Officer's direction. Also included is an introduction to the concept of financial institution security and an overview of the Bank Protection Act and other security-related regulations. Executives then learn how to manage security personnel and how to address the specific requirements of the regulations and related the compliance process.

This presentation provides a logical and strategic model that's designed to help the institution's Board of Directors, senior managers and security personnel understand the true scope of security-related regulations and industry-standard security practices. By understanding the cause and effect relationships involving the creation of an effective security function and risk reduction, the Board of Directors may direct the Security Officer to use this model to design and implement a standardized, institution-wide Security Program that meets or exceeds regulatory requirements.

Presentation Topics

l        What Is "Security"?

l        What Are The Recognized Security "Basics"?

l        What Security Regulations Affect The Institution?

l        How Should The Relationship Between The Security Function & The Board Of Directors Work?

l        What Does The Bank Protection Act Really Mean?

l        How Should The Security Department Fulfill Regulatory Requirements?

l        The Security Department Is A Business Unit?

l        Who Manages The Security Department?

l        Who Staffs The Security Department?

l        Why Do The Institution's Needs Determine The Security Officer's Duties?

l        What Are The Security Officer's Most Common Problems?

l        Who Else Has Security Responsibilities?

l        What Should The Annual Security Program Report Contain?

l        The Security Officer's Position Description