Category: wtjofr

  • Student government seeks to ease transition through Welcome Weekend programming

    first_imgStarting Friday, Notre Dame will welcome the incoming class of 2021 to campus and kick off Welcome Weekend 2017 — three days of activities to help introduce and welcome new students into the Notre Dame community before returning students arrive and classes begin.As in years past, much of the scheduled programming for the incoming freshman class was planned by student government over the summer. Each of the executive cabinet and student senate members arrived back to campus Wednesday for the Team ND Student Leadership Retreat and will begin helping with Welcome Weekend programming as soon as the retreat concludes Friday. Kathryne Robinson | The Observer Welcome Weekend staffs paint signs, dorm windows and more to welcome the class of 2021 to campus and into the dorm communities.Junior Prathm Juneja, student government chief of staff, said he spearheaded much of the Welcome Weekend planning.“I’ve been here all summer, and a lot of the work that I’ve been doing as chief of staff has been helping out with the Welcome Weekend stuff,” he said. “Paul Manrique [program director for new student engagement] has his own staff of interns that have been working on it and we’ve been partnering with them on a few things.”The planning for Welcome Weekend 2017 has included plenty of collaboration with the South Bend community, Juneja said.“One of the things that we’ve been working a lot on our director of student engagement and outreach — [senior] Adam Moeller — has played a big part in,” he said. “Basically on Sunday at 1 p.m. in the fieldhouse mall we’re going to be doing a ‘quad market.’ Adam, myself, and a few other people have recruited 11 vendors from the South Bend area who will be selling everything from jam to snacks to jewelry.”Juneja also worked with Manrique and his team to plan the kick-off grill for the incoming new students.“On Friday is the main opening kick-off grill for all the incoming students and the opening prayer, and I’ll be leading a staff of 30 volunteers to make sure everyone gets to their dinner and knows where to go,” Juneja said. “We’re helping kids get to their Moreau [First Year Experience] classes on Saturday morning, we’ll be helping them set up for their class picture on Saturday.”Welcome Weekend also aims to help incoming transfer students get involved in campus life and activities. To this end, Juneja said, student government will host a social for all transfer students Monday night.“We’re really just trying to get all the transfer students immediately involved in whatever they want to be a part of on campus,” he said. “That could be student government, and we’re going to talk with them about how to get involved with student government, but also other clubs on campus so that they can immediately immerse themselves in campus activities.”Student government has not added any new events to the weekend’s repertoire, Juneja said, but instead has been focusing on improving the environment of inclusivity they believe will help all incoming students feel welcomed and at home at Notre Dame.“Just in general, one of the things that we’ve been trying to do for Welcome Weekend is give our input on how we can make Welcome Weekend this huge welcoming for every student who comes to Notre Dame,” he said. “How we can make it a super inclusive and exciting opportunity for every student to feel like they really belong here. That includes everything from changing the way we talk about diversity and inclusion to emphasizing that we are the Notre Dame family and we are our brothers’ and sisters’ keepers.“I think this weekend’s going to be a great one, and the Welcome Weekend staff has done an incredible job of putting together all these great events.”Tags: Class of 2021, Notre Dame Student Government, Welcome Weekend 2017, Welcome Weekend activitieslast_img read more

  • Beneficial ownership and the dark side of the moon

    first_img 82SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Ken Agle Ken Agle, President of AdvisX, brings more than 25 years of experience covering almost all facets of financial institution risk management operations. He has conducted more than 350 compliance reviews … Web: www.affirmx.com Details In the world of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML), it all comes down to perspective. For many financial institutions, the perspective sometimes becomes locked down tight. Day in and day out, the systems look at the same things over and over again. In a sense, it’s like they’re looking at one side of the moon, ignoring what’s on the other side because it is harder to see.To support this analogy, permit me a brief detour to one of my favorite subjects, the Moon. It is the only heavenly body that shows its features to the naked eye. Imagine, if you were given a telescope and the job to focus solely on the Moon. Undoubtedly you would eventually know every “inch” of it quite well. But would that really tell you what the entire moon looked like? Of course, the answer is a definite no. To us earthlings, the Moon appears not to rotate. We see basically the same side of the Moon each time we gaze upon it. That’s because its rotation is synchronized with the Earth. As such, it always faces Earth. The familiar side of the Moon is called the near side. It has dark and light patches with parts that look like seas. The dark side of the Moon, as many of us call it (courtesy of Pink Floyd), is not actually called that by scientists. It isn’t any darker than say India is compared to the United States. The moon’s rotation means that it does receive light. But what does it look like? Scientists, not being quite so creative as Pink Floyd, simply call it the far side. No one knew what that it looked like until 1959 when the Soviet spacecraft Luna 3 managed to capture some images. Here is what they saw as compared to the near side of the moon:NearFarIsn’t it impressive how different the far side is compared to the near side? Much of the difference is because the crust is thicker on the far side. The near side became “locked” to the Earth and remained geologically active longer. As such, lava flows filled in craters created by meteors and the like, forming large, dark basaltic plains called maria.I suspect that seeing few of the large and dark maria must have puzzled scientists mightily when they first saw it. However, having that added perspective naturally gave opportunities to better understand the full nature of the Moon. Gaining Perspective in AMLIn the world of BSA/AML, institutions face a daunting challenge. They are tasked with identifying patterns associated with the placement, layering, and integration of funds from illegal activity to create the appearance of legitimacy. Identifying such patterns is fundamental to AML, but often is weakened by a lack of meaningful perspective. Trying to do this without an AML system is akin to trying to understand the Moon through the naked eye. You might acquire some significant understanding, but it would still be limited. AML systems were created to help identify placement, layering and integration patterns. They’re like telescopes, in that they provide a far more powerful capacity to understand the Moon. While this enhanced perspective is valuable, it does not provide the full picture necessary to understand the entirety of the situation. 2018 will usher in a new phase of BSA/AML with the implementation of beneficial ownership requirements. As I’ve worked with financial institutions seeking to implement sound controls and systems to handle beneficial ownership requirements, I have come to view beneficial ownership as a sort of Soviet spacecraft Luna 3. It will give financial institutions a new perspective, unlike anything they’ve seen for most of their history. Of course, the new rule focuses on customer due diligence related to verifying a legal entity customer’s beneficial ownership at the time a new account is opened. That is a good start. However, to complete that far side orbit requires the principle of “event-driven” triggers, such as when the credit department obtains new financials or obtains a tax return per standard ongoing monitoring. A financial institution subject to beneficial ownership requirements must conduct ongoing monitoring to identify and report suspicious transactions and to update its customer information. Event-driven monitoring will result in triggers that will require updating that information. There is another element where the near-side/far-side of the Moon analogy can be applied here. The beneficial ownership rule is not limited merely to deposit relationships from checking, savings and certificates; it also includes loans.Historically, most financial institutions have functioned as isolated departments, with the two primary departments being deposit and lending. Like a balance sheet, these sides remained as distinct from each as the near and dark side of the Moon. Beneficial ownership changes that equation. While there are few event-driven aspects with deposit relationships that might impact monitoring, there are many in the world of lending, especially in the world of commercial lending, such as the annual conducted relationship review or receipt of standard documentation required per a loan’s or line of credit’s covenants. Capturing the information especially ownership information from such events will clearly usher in a new world of monitoring. In a sense, beneficial ownership is merely another mile marker for where BSA/AML monitoring is being directed. It was launched with USA PATRIOT Act back in 2001, which started the drive to understand the connection between customers and their behavior. But, to merely focus on beneficial ownership’s technical requirements is to miss a valuable opportunity to get the full picture. Seeing the Entire MoonEven the most powerful AML systems typically provide powerful – but often one-sided – visuals. To empower them to peer into the dark side, they must be fed enhanced information. Institutions that have implemented, either by force or by internal decision, customer due diligence — including enhanced due diligence — are frequently armed with powerful data. The trick is t make sure those data are fed into the AML system. The more effective an organization is in integrating these elements, the greater its perspective will be. Moreover, most AML systems continue to progress in their monitoring of quantitative aspects against qualitative aspects. Yet often these systems neglect perhaps the greatest arsenal of data: information obtained from the institution’s lending side. This is where beneficial ownership will give a full view of the moon. Like a full moon that wanes toward a new moon, 2017 will inevitably give way to May 11, 2018, and beneficial ownership requirements. Institutions would be well advised to launch their efforts towards system integration and monitoring to ensure compliance with the technical aspects of the regulation. But, more importantly, 2017 provides a true opportunity to move forward towards the sometimes subjective – yet certainly more valuable aspects – of beneficial ownership. This new phase can usher in an era of the comprehensive understanding needed to more fully identify suspicious patterns associated with layering, placement, and integration.last_img read more

  • 7 feedback pitfalls

    first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Feedback is necessary for growth and development. Without it, how do we know what we’re doing well or what we can improve on? As a leader in your organization, being able to effectively communicate your comments can make all the difference in how they are received – and acted upon.Leadership guru Lolly Daskal writes that “the job of a great leader, manager and boss is to give feedback in a way that comes across as a gift – something useful, not something that makes the recipient feel bad about who they are and what they do.”To that end, Daskal offers seven phrases leaders should avoid when providing feedback:If only you…It’s almost impossible to turn this phrase into something positive, and as soon as you say it the recipient will likely tune out whatever comes next.To be honest…Providing constructive feedback should always be honest. This phrase makes it seem as though you might be holding some opinions back.last_img read more

  • 3 building blocks of trust

    first_img continue reading » Trust is a critical component of any relationship, but it’s especially important to achieve if one wants to be an effective leader. Those who are able to build trust with their employees will see the long-term impact through less turnover, higher productivity and greater fulfillment in employees’ lives.Jack Zenger and Joseph Folkman, CEO and president, respectively, of a leadership development consultancy, analyzed assessments of 87,000 leaders to identify three key building blocks of trust. By understanding what behaviors contribute to these three components, leaders can determine their level of trust with employees.Positive relationships, which are built by listening to and caring about the concerns of others, promoting cooperation and providing honest feedback. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

  • 3 characteristics of a great team player

    first_imgIt’s not always easy to work with a team. If you’re used to doing your own thing, the transition to a team environment can be an adjustment. If you want to be a great team player, here are three characteristics you should embody…You have to be patient: It would be nice if you knew exactly what to expect from every one of your coworkers, but that’s never the case. Sometimes you’ll find yourself frustrated with coworkers, and that’s completely normal. Keep your cool during stressful situations, because the last thing you want to do is ruin good team chemistry. When frustrating situations arise, take a deep breath and be patient.You have to have confidence: Having confidence at work can be the difference between being stuck in a position for a long time and being quickly promoted. When your confidence starts to rub off on others, you’ll see a lot of success around you.You have to be dependable: Sometimes, coworkers don’t pull their weight. You never want to be that person. You want to be the person everyone can rely on. When you say you’re going to do something, be certain that it gets done. A lack of dependability can damage your team and your business. 23SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Detailslast_img read more

  • Laughing your way to employee retention

    first_img 55SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Nanci Wilson Nanci started her credit union journey due to lack of kindness.That fact is what led her to close her bank account and open up at a credit union.Ultimately … Web: https://www.universityfederalcu.org Details I’ve come to the realization that if you do not have an element of fun in your workplace, you will slowly begin to resent being an adult.It’s the honest truth!We spend a majority of our early years stomping our feet begging to be treated like an adult and then once we become that adult we spend the following years complaining about how we ASKED for this stress.Oh, the irony!BUT…Is there a way to avoid the continuous cycle of wishing youthful fun was still a thing?I believe there is.The quote “Work Hard. Play Hard” has been something I have heard for a very long time.How does that work, exactly?How can one do both at the same time and is that the true secret of employee and workplace happiness?Looking back at my personal work experience, the moments that stand out the absolute most are when my coworkers and I could share a good hearty laugh.Why?Because work WILL be stressful.You WILL have bad days.You WILL make mistakes.You WILL have an upset member at some point.There will be days where work has done everything but hand you the handbasket in which to nicely place Hell.This all happens because ….well, LIFE.Adding an element of fun to your day isn’t just something to do for giggles, it’s mentally healthy for positive production by everyone.According to an article on Monster.com, If people are having fun, they’re going to work harder, stay longer, maintain their composure in a crisis and take better care of the organization.The short answer? Happy people are more loyal and do more for your company.As a leader, what does this mean?No need for a red nose and squeaky shoes.It’s much simpler than that.It means taking a sleeve off of your CEO coat once in a while and having a casual chat with your crew.It means having an impromptu coffee day for your staff.It means having a good old fashioned laugh at something that was indeed funny.It means revealing that no matter what title you hold, the one that you all share is human.You can mix business and fun and that mixture can be the difference between turnover and retention.Are you allowing fun to seep into your workplace?Are you accepting of laughter, smiles, and appreciation throughout your office?More importantly, are you instigating these moments?Creating a fun work environment only enhances the way your employees feel and the way that people feel walking into your employment.As a leader, it is your gentle direction that is going to add this element.You get to decide how to issue the fun.You get to decide how to incorporate your staff in this moral movement.You get to give the gentle nudge of happy.You get to watch that positivity spread.Eventually, you then get to reap the benefits of a nice set of happy employees that trust you, are loyal to the company, and will do what it takes to keep that feeling going.last_img read more

  • Proposed CECL relief unlikely to be of use to CUs, true relief needed

    first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Proposed changes to the current expected credit loss (CECL) standard are unlikely to be adopted by credit unions, thus CUNA urged the Financial Accounting Standards Board (FASB) Monday to explore ways relief for credit unions can be achieved. CUNA’s letter was sent in response to a “Targeted Transition Relief” proposal intended to ease transition to the CECL standard.CECL uses an “expected loss” measurement for the recognition of credit losses. CUNA is concerned with both its effect on financial standing of credit unions and the compliance burden it is already presenting.CUNA’s letter reiterates its longstanding position that the application of CECL to credit unions is inappropriate.“CECL is intended to address delayed recognition of credit losses resulting in insufficient funding of the allowance accounts of certain covered entities. However, underfunding of allowance accounts has not generally been an issue for credit unions. Further, the typical user of a credit union’s financial statements is not a public investor—such as with large, public banks—but instead is the credit union’s prudential regulator, the National Credit Union Administration.” continue reading »last_img read more

  • Six White House aides, including Trump’s chief of staff, have the coronavirus.

    first_imgThe diagnoses came as the pandemic rampaged across the United States, which has recorded an average of more than 100,000 new cases per day over the past week and hit another record on Friday, with more than 132,700 cases in a single day. The country also recorded more than 1,220 deaths.Mr. Meadows, who abided by President Trump’s efforts to play down the coronavirus throughout the summer, is only the latest in a string of people in the president’s circle to contract the virus in the past seven weeks. Others include Mr. Trump himself and the first lady, Melania Trump, and several aides to the president and Vice President Mike PenceJoseph R. Biden Jr., who was elected the 46th president of the United States on Saturday, made criticism of Mr. Trump’s pandemic response a central feature of his campaign. Since Election Day, Mr. Biden has been briefed on the pandemic by economic and health advisers. Mark Meadows, the White House chief of staff, has contracted the coronavirus, as have five other White House aides and a Trump campaign adviser, officials say, raising fears of another outbreak sweeping through the ranks of the nation’s top officials.A Trump campaign adviser, Nick Trainer, along with four White House officials also tested positive for the virus, people close to the administration told The New York Times on Friday.- Advertisement – – Advertisement – “That’s 240,000 empty chairs at kitchen tables and dining room tables all across America,” he said. “We’ll never be able to measure all that pain and the loss, the suffering, that so many families have experienced.” In a brief speech on Friday night, Mr. Biden vowed to control the virus and noted that the Covid-19 death toll in the United States was approaching 240,000.- Advertisement –last_img read more

  • To contain coronavirus, Australia PM urges against big gatherings

    first_img“This is an early-stage action that we are undertaking to make sure we get ahead of this,” Morrison told reporters in Sydney, adding Australians should also reconsider their need for any overseas travel.The virus has so far infected almost 135,000 and killed more than 4,900 worldwide.Health officials warned millions of Australians will contract the coronavirus within the next six months.”We’re anticipating 20% of the population in the first wave to be affected,” Kerry Chant, the chief medical officer for the New South Wales [NSW] state government. Australian Prime Minister Scott Morrison on Friday urged people not gather in groups of more than 500 but said he would still go to a weekend rugby game, as health officials warned millions of residents will contract coronavirus within months.Australia has recorded 156 infections and three deaths from the flu-like disease, figures that authorities expect to increase rapidly in the coming weeks.Morrison said his government will from Monday advice against non-essential gatherings of more than 500 people, though this does not include schools, airports or public transport. Keep calm and carry on Australia ban on foreigners from arriving from China, Iran and South Korea was extended on Thursday to cover Italy, and has formed a key part of Australia’s move to stop the spread of the virus.Morrison has spent much of the past week urging locals to remain calm while trying to reassure nervous financial markets.On Thursday he said his government would inject A$17.6 billion (US$11.1 billion) to spur an economy hammered by the coronavirus outbreak.But Morrison’s urging for calm has largely fallen on deaf ears. Hundreds of Australians have begun stockpiling goods, from staples to sanitizers, while the country’s share market has been battered in the past week. Home to more than 7 million people, NSW is Australia’s most populous state, and Chant said models suggest 5% of the state’s population – some 350,000 people – will need hospital treatment as a result of coronavirus. Sporting upheaval Australia’s updated medical advice was a key catalyst behind the cancellation of the Australian Formula One Grand Prix and an order for a cricket series between Australia and New Zealand to be played behind closed doors.Two of the sports-mad country’s most popular sports, rugby league and Australian Rules football, are beginning their seasons with games that typically draw tens of thousands of spectators, raising the risk of contagion.Victorian Premier Daniel Andrews said the Australian Rules football league season may need to be suspended. The country’s biggest and best-attended football code is due to begin its season on March 19.Morrison said he would attend a weekend rugby league game to watch his favorite Cronulla Sharks team.”It might be the last game I get to go to for a long time. That’s fine. In the future I suspect we might be watching them on television.”Topics :last_img read more

  • Slippery Slope Confirmed: Gay Polygamous Marriage – and Babies with their Sisters (Canada)

    first_imgMailOnline 15 October 2015Two married men have revealed how they got a divorce just one year after tying the knot – so they could include a third man in their relationship.Adam Grant and Shayne Curran, from Nova Scotia, Canada, said ‘I do’ in 2011 after dating for more than two years.However, they met Sebastian Tran in a nightclub in September 2012 and immediately hit it off – and decided to end their marriage so they could make a commitment to each other as a threesome.The trio, who all work in the medical profession, now live together and are hoping to start a family someday – with help from Seb’s and Shayne’s sisters who will act as surrogates and egg donors.Although being married to more than one person is not legal in Canada, the trio say they have spoken lawyers who can draw up paperwork to make sure they are ‘equally bound and obligated to each other in the eyes of the law’.None of the men has ever been in a polyamorous relationship before.http://www.dailymail.co.uk/femail/article-3273776/Gay-married-couple-divorce-one-year-include-man-relationship.htmllast_img read more