EIC School July-Aug 2022

Pre-Planning

Initial Contact with Management • Introduction • Sooner rather than later

Familiarize Yourself with the Bank • Internal and external documents • Conversations with examiners and bank management

Identify Key Risk Areas. • Draw conclusions on risks,

examination strategy, and assignments

Pre-Planning Continued

Requesting Examination Information • Draw conclusions on risks, examination strategy, and assignments

Determine Staffing • Subject matter experts • Sufficient to complete a timely examination

Creation of Scope Memo

• Varies by department • At a minimum, should cover • Institutional overview • Risk assessment • Discussions with Management • Prior examination findings • Financial analysis • Assignments/logistics