V03 Managing Risk for Volunteers

Idrees Rafiq

Idrees Rafiq, Credit Union Resources
Cheryl Ehmann, Credit Union Resources

Risk management is the direct responsibility of credit union officials. Volunteers who are involved with risk management must be concerned with all risks, insurable or not, which may affect the credit union. This course covers identifying, handling, and monitoring risks.

Managing Risk also includes plans and procedures for internal controls, identifying the role of a supervisory committee and explanation of when outside assistance is required. An extensive checklist of internal credit union controls is also included.

Cheryl EhmannRisk Management and Insurance

  • Need for Internal Control
  • Effective Supervisory Committees
  • Use of Outside Assistance
  • Annual Audit and Examination Reports
  • Complete Internal Control Checklist

About Idress Rafiq

Idrees Rafiq, Jr. is currently the AVP IT Consulting with Financial & Technology Resources, Credit Union Resources, Inc.  He has been with CURI since 2005.  In his current position, Idrees provides information technology services and consulting to credit unions of various asset sizes ranging from $2 million to over a billion.  He specializes in physical, administrative, and technical security consulting addressing compliance elements of NCUA Relegation Part 748 Appendix A and B.  Idrees is also experienced in network architecture, infrastructure, administration, management, and support.  Prior to joining CURI, he was an IT Manager, Project Manager, and Director of Purchasing for a multi-million dollar international information technology department.  Idrees has a BAAS, Bachelor of Business Management from Howard Payne University and is currently working on his MBA in Management at Our Lady of the Lake University.

About Cheryl Ehmann, CPA

Cheryl Ehmann is currently the assistant vice president of Supervisory Committee Annual Reviews in the Financial & Technology Resources department of Credit Union Resources.  She has been with Credit Union Resources, Inc., since 1990.  Cheryl supervises audits of credit unions with assets ranging from $1 million to over $400 million.  She assists credit unions in meeting their annual ACH Audit requirement.  Cheryl holds a professional designation and is a member of the AICPA and TSCPA.  Proficient in all aspects of credit union accounting, she holds a bachelor’s degree in accounting.

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