AGENDA

BANK OF NORTH DAKOTA

AUDIT AND RISK MANAGEMENT COMMITTEE

Thursday, April 17, 2025, 8:30 a.m. CT

Dial in Number 701-328-0950 Conference ID 332 261 321#

*******Meeting closed pursuant to N.D.C.C. 06-09-35 & 44-04-27 to discuss items listed below on the agenda under Bank of North Dakota Confidential Business*******

I.          Presentation of the Following Reports

1. First Quarter 2025 Outstanding Internal/External Audit and Compliance Items – Nick Leintz, Jenni Lang
2. Positive FinCEN Match – Jenni Lang

II.         Consent Agenda

1. Compliance Consulting External Report – BSA Exam (TIB) – Jenni Lang
2. Compliance Consulting External Report – Lending Regulations (TIB) – Jenni

      Lang

*****************************Meeting Returns to Open Session*****************************

1. Recommendation for Approval to the Advisory Board Committee
   1. Student Loan Risk Acceptance Memo – Nick Leintz, Jenni Lang, Jennifer Bickel
   2. Independent Auditor’s Report and Financial Statement-December 31, 2024 (FASB) – Jared Mack (Eide Bailly)
   3. Independent Auditor’s Report and Financial Statement-December 31, 2024 (GASB) – Jared Mack (Eide Bailly)

1. Presentation of the Following Reports

A.   North Dakota Guaranteed Student Loan Program – December 31, 2024 – Jared Mack (Eide Bailly)

B.   First Quarter 2025 Outstanding Internal/External Audit and Compliance Items –

Nick Leintz, Jenni Lang

C.  First Quarter 2025 Compliance and BSA Report – Jenni Lang

D.  First Quarter 2025 Credit Review Report – Jenni Lang

1. Consent Agenda
   1. 2024 Interest Rate Risk Management and Balance Sheet Liquidity and Funding Audit – Nick Leintz
   2. 2024 Item Processing Audit - Nick Leintz
   3. 2024 Wire Transfer Audit - Nick Leintz
   4. 2025 Mail and Night Depository Procedures Audit – Nick Leintz
   5. First Quarter 2025 Internal Audit Status Report – Nick Leintz

1. New Business
   1. Risk Management, Quality Assurance Providers – ERM – Christy Steffenhagen, Nick Leintz

1. Next Audit and Risk Management Committee Meeting/Adjournment
   1. Thursday, July 17, 2025, 8:30 a.m., 3rd Floor Missouri River Room 301

Any person who requires an auxiliary aid or service must contact or notify Bank of North Dakota Administration at 328-5881 at least three (3) working days prior to the scheduled meeting.