Chapter Presents CFO Conference with New Jersey Bankers Association
Half-Day Event Featured Contemporary Topics for Community Bank Financial Executives
The FMS NY/NJ Chapter presented a Spring Half-Day CFO Conference jointly sponsored with the New Jersey Bankers Association
(“NJBA”). The event was held at the Stony Hill Inn in Hackensack, NJ on Wednesday April 18, 2018. The conference featured
leading industry speakers who presented a series of timely sessions developed for community bank financial institution executives.
Jon Sundberg, PFM Asset Management, opened the program with Gaining Valuable Insight into Your Investment Portfolio.
Attendees listen attentively while earning valuable CPE credits for attending the Half-Day CFO Conference.
Aaron Silva, President & CEO of Paladin fs, presented an informative information technology session.
Members started the day with a hot buffet breakfast prior to the first session. A full course luncheon was served during the final session.
Members were provided with several “networking” breaks to effectively manage their daily operations while out of the office. Chapter Members
and NJBA Members earned five CPE credits for attending the conference.
Jon Sundberg, a Senior Managing Consultant with PFM Asset Management, presented the initial morning session entitled Gaining
Valuable Insight Into Your Investment Portfolio. Jon stressed the importance of formulating a comprehensive investment plan and
continually evaluating the plan to determine that it meets the institution’s objectives. Jon discussed the guidelines for developing
a peer-based index to determine the validity of the plan and stress testing to evaluate plan performance.
A very informative information technology session was presented by Aaron Silva, President and CEO of Paladin, a community bank technology
systems provider. Aaron compared and contrasted the terms of the typical contracts offered by community bank data service providers with
those from large bank data service centers. He emphasized the importance for banking executives to challenge their service provider to
limit the institution’s exposure especially in the event of a merger or acquisition.
Following a “networking” break, Lisa Thouin, CPA, Managing Director from the Mercadien Group presented an informative Liquidity Risk
Management session. Lisa discussed the predominantly low interest rate and heightened regulatory environment during the past decade.
She emphasized the need for management to develop effective liquidity management objectives by utilizing tools for monitoring cash flow,
performing stress testing and developing a solid contingency funding plan.
Brian Jones, Financial Economist, from the Federal Home Loan Bank of New York, presented an informative Economic Update
while Members enjoyed
a full course luncheon. Brian described the current economic environment and noted the current economic expansion since 2009 is the second longest on record. He noted that the recession probability remains low and the first quarter GDP estimates remain in flux. Brian further
discussed significant aspects of the national economy as well the pace of job growth in the local New York and New Jersey economies.
Following lunch, Michael Cohn, CPA from Wolf & Company, P.C. presented 10 Financial Industry Trends You Can’t Ignore. Michael provided a very
informative and entertaining review of significant industry trends including new bank formations, credit, interest rates, strategic threats,
the effect of millennials on the economy and the #1 threat: cyber security. He noted that no institution is too small to be a target and banks
will need new innovative technologies to keep institutions safe.
Topics and Speakers
Gaining Valuable Insight Into Your Investment Portfolio
10 Financial Trends You Can't Ignore
Liquidity Risk Mangement
was presented by Lisa Thouin, Managing Director at the Mercadien Group.
(l.-r.) Chapter Past-President Robert Currie, Robert Pabst and Chapter Treasurer Adriano Duarte enjoy a "not working" break prior to the full course luncheon.
Brian Jones, Financial Economist from the Federal Home Loan Bank of New York presented an Economic Update
Michael Cohn, CPA from Wolf & Co. presented 10 Financial Industry Trends You Can’t Ignore