Risk Evolve agenda
Streams:
Day 1 Moderated by: Ram Ananth, Partner & Head of Market Risk, 4most
10:50-11:25
SVB CASE STUDY
Adapting to change: The SVB case study and future of regulation
- Managing global uncertainty around regulation in the aftermath
- Analyzing how these regulatory shifts affect compliance, risk management, and business strategies
- Impact to smaller and medium-sized banks
- Exploring smaller and medium-sized banks’ unique challenges in complying with heightened regulatory standards
- Discussing practical approaches and strategies to navigate the evolving regulatory landscape and maintain competitiveness
- Extracting key lessons from SVB’s failure and subsequent response
- Identifying best practices and pitfalls to assist in proactive management
Emma Hagan, Chief Risk and Compliance Officer, Clearbank; Fintech Leaders Advisory Board member, CeFPro
11:25-12:10
DEPOSITS – PANEL DISCUSSION
Evolving strategies for managing liquidity and deposits in a volatile environment
- Changes to the velocity of deposit mobility
- Modeling deposits and changing behaviors
- Gaining a view of liquidity in a changing rate environment
- Reviewing alternative sources of liquidity
- Impact of deposit flows on rate sensitivities
Gerwin Scharmann, Head of Treasury, Santander Consumer Bank AG Germany
David Tsui, UK-Europe Liquidity Management, Senior Product, Citi
Adnan Ahmed, Managing Director, Global Head Pricing & Billing, Global Payment Solutions, HSBC
12:10-12:45
REGULATION AND REQUIREMENTS
Navigating 2024 EBA regulations and new IRRBB requirements through the use of risk technology
- Understanding the implications of 2024 EBA regulatory changes on banks
- Assessing how IRRBB requirements will influence risk management strategies
- Impacts of increased reporting granularity
- Importance of a proactive approach for banks to adhere to latest IRRBB reporting mandates
- Best practice on seamlessly integrating regulatory reporting within internal operations
- Understanding the use of risk technology to achieve seamless compliance
- Reporting, automation and data analytics
- Case studies and success stories
Olmo Vázquez, Co-Founder & CEO, Mirai
Miguel Angel Penanbella, Strategic Advisor, Mirai
12:45-1:45
Lunch break and luncheon roundtable discussions
1:45-2:20
BASEL 3
Analyzing the complexity of global Basel requirements and disparities in expectations and timelines
- Adapting to regulatory changes and optimizing risk management
- Examining the proposed changes in the US and their potential impact on EU financial institutions
- Changes in methodology to calculate Risk-Weighted Assets (RWAs)
- Assessing the capital requirements imposed by the new Basel rules
- Balancing risk exposure with capital efficiency
- Optimizing capital within the new regulatory framework
- Addressing disparities with EU regulations and exploring potential competitive advantages
Lars Overby, Head of Unit, European Banking Authority
2:20-2:55
LIQUIDITY RISK
Liquidity risk in the post-SVB era: Challenges and adaptations
- Managing increased focus on liquidity risk as a result of SVB fallout
- Increased regulatory focus
- Reviewing stability of funding and deposit sources
- Acceleration of depositor reaction in a social media era
- Identifying and managing short and long-term funding sources
Brian Brown, Head of Liquidity Risk Management for UKI/Investment Banking, Deutsche Bank
2:55-3:40
INTEREST RATE STRATEGY – PANEL DISCUSSION
Adapting business strategies to a changing interest rate environment
- Ripple effects of interest rate environment on credit and liquidity risk
- Examining how changes in interest rates affect credit and liquidity risk dynamics
- Identifying potential consequences for financial institutions
- Assessing the impact of interest rate fluctuations on earnings and profitability
- Strategies for mitigating adverse effects on financial performance
- Analyzing how changes in interest rates influence mortgage demand and house prices
- Strategies for managing increased credit risk portfolios in a rising interest rate environment
- Considering the implications of interest rate reductions after inflation stabilizes
- Preparing for economic uncertainties and potential financial shocks in a changing interest rate environment
Stefano Chiarlone, CFO Italy, UniCredit
Eric Schaanning, former Executive Director, Head of Group Banking Book Risk Management, UBS
Hadrien van der Vaeren, SVP, Market and Liquidity Risk, BNY Mellon
3:10-4:10
Afternoon refreshment break and networking
4:10-4:45
BALANCE SHEET MANAGEMENT
Moving beyond IRRBB with holistic Balance Sheet Management to comply with ICAAP – A practical use case from FIS
- Holistic approach to strategic Balance Sheet Management and Stress testing
- Complying with Pillar II requirements in an efficient way
- Aggregated portfolio view – achieving consistency in execution across all treasury risk metrics
- Top down capital Planning and optimisation – a practical use case
Juergen Ferber, Head of Treasury and Risk Vertical EMEA – Market Specialists Group, FIS Global
4:45-5:20
ECONOMIC UNCERTAINTY
Strategies for management of the global economic landscape and navigating uncertainty
- Managing the ongoing cost of living pressures
- Operating in a high-interest rate environment
- Addressing the uncertainty surrounding future interest rate changes and their potential consequences
- Risk management and decision-making in a volatile rate environment
- Forward-thinking and agile planning in an environment marked by uncertainty
- Balancing short-term tactical decisions with long-term vision
- Exploring the ways businesses and economies adapt to the evolving global economic environment
Dr. Philippe Mangold, Head of Market Intelligence & Situation Management, UBS
Day 1 Moderated by: Timothy Carbery, Managing Director, CastleHill Management Solutions
10:50-11:25
DATA PROTECTION
Effectively managing data privacy in a volatile environment
- Understanding how data risk can be minimised by using privacy by design principles
- As a firm what can you do to enhance your data privacy through design?
- Process of mitigating the risk from data privacy
- Developing safeguards to protect data
- Key components of privacy by design and how to leverage them effectively
Gagan Singh, Group Data Protection & Digital Risk Manager, Legal & General
11:25-12:10
FUTURE OF OPERATIONAL RISK – PANEL DISCUSSION
The future of operational risk: Technology integration for effective risk management in an evolving landscape
- Incorporating advanced technology solutions into operational risk frameworks
- Embedding AI and automation for reporting
- Leveraging technology to produce dynamic, real-time operational risk outputs
- Enhancing agility and responsiveness of risk management practices
- Presentation of the value proposition for using technology in operational risk
- Exploring the changing role of risk managers in an AI-driven operational risk landscape
- Identifying and mapping vulnerabilities beyond the organization’s boundaries
Nick Woods, Chief Auditor, NatWest
Alex Hollis, Senior Manager, Client Success EMEA, Archer
Sean Titley, Director of Enterprise and Operational Risk, Metro Bank; Third Party Risk Management Advisory Board member, CeFPro
12:10-12:45
GENERATIVE AI RISK MANAGEMENT
Reviewing practical non-financial risk (NFR) management use cases utilizing Generative AI
- Overview of the current landscape of Generative AI uses across risk management
- Enhancing productivity and quality of risk management with the use of Generative AI
- Understanding how Generative AI can be utilized for risk management processes
- Risk identification
- Control documentation
- Risk assessment
- Risk reporting
- Practical implementation of AI approaches
Manoj Kulwal, Chief Risk & AI Officer, RiskSpotlight
12:45-1:45
Lunch break and Networking
1:45-2:20
ECONOMIC CONDITIONS
Understanding the importance of stressing operational risk for the current economic conditions
- Assessing why operational risk is sensitive to economic shocks
- Understanding how the current economic conditions drive operational risk losses
- What Operational Risk losses can arise from bank failures & rescues?
Michael Grimwade, MD, Operational Risk, ICBC
2:20-2:55
SDR & TCFD REGULATION
Navigating the UK regulation and anticipating the impact it will have on firms
- Lessons learned from SFDR: what’s next for the UK market with CSDR regulation?
- Reviewing what to expect from TCFD requirements
- Assessing the impacts of regulation on investment fund strategies
- Complying with requested reporting specifications from the FCA
- Best practice to prevent the risk of greenwashing
Grégoire Hug, CEO and founder, WeeFin
Marion Aubert, Chief Product Officer and Co-Founder, WeeFin
2:55-3:40
NATURE & BIODIVERSITY – PANEL DISCUSSION
Nature risk and biodiversity: Integrating environmental sustainability into organizations
- Assessment of nature-related risks and their implications for financial services
- Navigating the evolving regulatory framework related to nature risk and biodiversity
- Strategies for ensuring compliance and aligning with sustainability mandates
- Biodiversity integration in investment and lending
- Sustainable finance instruments and products aimed at nature risk mitigation
- The role of green bonds, sustainable loans, and other innovative financial tools
- Ensuring transparency in reporting nature risk and biodiversity impacts
- Strategies for effective disclosure and communication with stakeholders
Carl Moxley, Group Climate Director, Legal & General
Nigel Milbank, Head of Nature Programme, Risk Transformation, Natwest
Julius Herfel, Head of Audit, International Regulatory & Second Line, BNY Mellon
3:40 – 4:10 Afternoon refreshment break and networking
4:10-4:45
AI, DATA & DIGITAL TRANSFORMATION
FCA and AI, Data and Digital Transformation
- Session Details to Come
Ian Phoenix, Director, intelligence, Digital and Innovation, FCA
4:45-5:20
REGULATION – PANEL DISCUSSION
Navigating complexity of regulatory compliance and maximizing efficiency
- Strategies for navigating complex regulatory landscapes
- Ensuring compliance with multiple regulators and local nuances across jurisdictions
- Harmonizing compliance efforts
- Comprehensive assessment of regulatory scenarios and their impact on capital requirements
- Evaluating the ripple effect on policies, procedures, and processes
- Embedding requirements into all internal processes and operations
- Fostering a culture of compliance throughout the organization
Rory Conway, Global Head of Compliance Operations and Assurance, Zurich Insurance
Dimitris Bartzilas, former Managing Director Non Financial Risk, Credit Suisse
Day 1 Moderated by:Jonas Jacobi, CEO & Co-Founder, ValidMind
10:50-11:25
MODEL VALIDATION
Reviewing and managing model validation through data quality and technology
- Understanding the importance of an effective data governance framework for internal models
- Anticipating the role of the ECB within model validation
- Use case study of AI/ML in model
- Supporting internal validation
- Enhancing data quality controls
Rita Gnutti, Executive Director Internal Validation and Controls, Group Chief Risk Officer Area, Intesa Sanpaolo
11:25-12:10
MODELING – PANEL DISCUSSION
Evolving model risk management practices in line with global regulatory change
- Impact of change on model risk management
- SVB case study and the limitations of liquidity models
- Insight into prominent global regulatory initiatives: PRA supervisory statement and OCC SR11-7
- Recognizing model risk as a distinct risk reporting line
- Aligning discrepancies in model definitions as scope continues to evolve
- Inclusion and treatment of AI models in the model risk management framework
Vladimir Chorniy, MD, Head of Risk Model Fundamentals and Research Lab, BNP Paribas
Dimitrios Asvestis, Head of Traded Risk Model Validation and Model Risk Measurement, Barclays
Katherine Wolicki, former Global Head of Financial and Model Risk Regulatory Policy and Engagement, HSBC
12:10-12:45
AI GOVERNANCE
From Theory to Practice: Embedding AI Risk Management into your Organizational Fabric
- Exploring the state of AI within banking and financial services
- Understanding AI model landscape including models hidden in 3rdparty software
- Assigning an AI risk score based on model attributes
- Leveraging automation for model testing and documentation based on regulatory guidelines
- Adopting transparent and accountable governance frameworks and workflows for operational integrity
Anant Agrawal, Sr. Product Manager for AI, CIMCON
12:45-1:45
Lunch break and Networking
1:45-2:20
AI ANALYTICS – FIRESIDE CHAT
Promoting responsible use of AI and analytics technology for use in trading and beyond
- Exploring the importance of human intervention and checks
- Handling and processing large volumes of data for analytics purposes
- Understanding the impact of market and bank regulations on AI-driven trading
- Developing methods to explain AI model outcomes and decisions
- Addressing the ethical implications of model explainability, transparency, and accountability
- Ensuring appropriate methodologies to create complex models and identifying bias
David Withnell, Chief Risk Officer, AXA Global Health Care
2:20-2:55
AI MODELING
Reviewing the AI model lifecycle end to end and variation from traditional models
- Adapting existing control frameworks to AI and machine learning
- Reviewing the risk posed to model ecosystem
- Managing differences in models, development and dynamic
- Dynamics of when to develop a model
- Considerations for explainability, overfitting and instability
- Managing complexity in parameters
- Assessing adequacy in large language models with billions of parameters
- Updating traditional models to data driven AI models
Dr. Dara Sosulski, Head of AI and Model Management, Markets and Securities Services, HSBC
2:55-3:40
AI MODEL RISK – PANEL DISCUSSION
Navigating AI and machine learning model risks and managing evolving regulations
- Reviewing requirements and validation for AI models in the evolving regulatory landscape
- Keeping pace with dynamic changes in AI regulation, including the EU AI Act
- Identifying applications of AI models, such as ChatGPT, and their security implications
- Maintaining transparency in AI models to meet regulatory standards
- Implementing ongoing monitoring and validation procedures for AI models
- Ensuring responsible and ethical use of AI models in compliance with regulatory guidelines
- Developing strategies to navigate evolving and uncertain AI regulations
Ying Poikonen, Executive Director, Head of Modeling Group EMEA, SMBC
Bas van de Werff, Senior data scientist, De Volksbank
Karolos Korkas, Head of Algorithmic Trading Model Validation, Nomura
3:40-4:10
Afternoon refreshment break and networking
4:10-4:45
TECHNOLOGY CONTROLS
Reviewing how institutions can prioritize technology controls to areas of higher risk
- Larger the institution, the bigger the surface area of attack
- Approaches to protecting a firm against different technology risks
- Cost of protection against technology risks
- Protecting the areas of highest risk
Kishan Majithia, Executive Director, Cyber and Technology Controls, JP Morgan Chase
4:45-5:20
Leveraging technology to automate and strengthen model risk
- Automating repeatable processes for enhanced effectiveness and efficiency
- Transforming model validation processes to significantly reduce cycle times
- Moving to automated and real-time model performance monitoring
- Leveraging technology to establish robust guardrails for AI/ML models
Vikas Tyagi, CEO, Solytics Partners
Alberto Ramirez, Partner – Risk Analytics, Solytics Partners
5:20-5:30
Chair’s closing remarks & networking drinks reception
Day Two | April 18
8:00-8:50
Registration and breakfast
8:50-9:00
Chairs opening remarks
9:00-9:35
KEYNOTE FUTURE PROOFING
Future-proofing risk management in a dynamic landscape
- Strategies for identifying and proactively addressing potential risks to prevent future harm
- Approaches to safeguard and enhance the reputation of the organization in the face of evolving risks
- Building a comprehensive framework to adapt to changing risk dynamics
- Strengthening control mechanisms and oversight to minimize vulnerabilities
- Implementing behavioral methodologies to foster a risk-aware culture throughout the organization
- Leveraging technology as a means to enhance risk management capabilities and gain a competitive edge
Kanwardeep Ahluwalia, Deputy CRO, EMEA, Bank of America Merrill Lynch
9:35-10:20
KEYNOTE GEOPOLITICAL IMPACTS – PANEL DISCUSSION
Strategies to manage economic impacts arising from geopolitical conflicts and trade disputes
- Assessing the influence of physical security on outsourcing decisions in geopolitically unstable regions
- Examining the relationship between cyber threats and geopolitical risks as potential amplifiers of vulnerabilities
- Reviewing global war threats and their implications for the banking sector
- Analyzing how the cost of living crises in different regions affect the industry
- Identifying the underlying causes of geopolitical risks to mitigate their impact on banking operations
- Integrating geopolitical risk considerations into all areas of banking, including legal and compliance
- Understanding the chain of events connecting geopolitical risks with the macroeconomic environment
- Strategies to maintain agility in responding to geopolitical events as they unfold
Søren Agergaard Andersen, Chief Risk Officer, Nordea Asset Management
David Arnold, Chief Risk Officer, Société Générale – SGIL
John Kelly, Chief Risk Officer, AIB UK
10:20-10:50
Morning refreshment break and networking
Streams:
Day 2 Moderator: Parmendra Pratap, Director – Business Development, Solytics Partners
10:50-11:25
BALANCE SHEET MANAGEMENT
Advancing beyond regulatory standards for IRRBB and CSRBB
-
- Review the evolution of regulation and economic context
- Overview of latest EBA IRRBB and CSRBB requirements
- Challenges posed by IRRBB and CSRBB requirements
- Key features of a strong Balance Sheet Management processes that addresses these challenges:
-
- Integration / consistency
- Adaptability / flexibility
- Balance Sheet Management as a means to deliver strategic decision support: the importance of forward-looking (regulatory) measurements for steering
Victor Pasinschi, Client Relationship Manager, QRM
Aurelien Loisemant, Senior Risk Management Consultant, QRM
11:25-12:10
STRESS TESTING – PANEL DISCUSSION
Updating stress testing programs to leverage as a risk management tool amidst continued uncertainty
- Ensuring compliance and alignment with industry standards
- Developing and executing stress test scenarios specific to trading book wind-down
- Ensuring regulatory and investor confidence in the process
- Understanding the interplay between stress testing and broader regulations
- Implementing sensitivity analysis to gain a deeper understanding of exposures in trading books during stress scenarios
- Maximizing the effectiveness of stress testing through collaboration
- Developing stress testing models when historical data is limited or unavailable
- Leveraging alternative data sources and methodologies
- Developing scenarios and models to assess the impact of climate-related risks on financial institutions
Jeff Simmons, former Chief Risk Officer, MUFG Securities (Europe) N.V.
Tin Lau, Chief Risk Officer, Mirae Asset Securities (UK) Ltd
Sahil Joshi, Director, Stress Testing Lead, Prudential Risk, Macquarie
Imran Syed, Head of Scenario Analysis, Contingent Market Risk, UBS
12:10-12:45
Leveraging artificial intelligence to effectively manage credit risk
- Overview of current challenges faced by banks and FI’s in credit risk management
- Understand the concepts and benefits behind an automated spreading approach
- Reviewing the key requirements by banks and FI’s related to credit risk assessment
- Assessing the key components and benefits of a state-of-the-art credit risk assessment platform
Christopher Hansert, Product Manager, Credit Risk Platform, ACTICO
Gaurav Goyal, Client Director, Financial Services, Evaluserve
12:45-1:45
Lunch break and networking breaks
1:45-2:20
SCENARIO ANALYSIS
Managing disruptions in economic data for scenario analysis
- Impact of the pandemic on economic data
- Effect of huge movements in the global economy on data
- Pandemic data and subsequent crisis
- Geopolitical landscape post-pandemic
- Russia/Ukraine war impact on supply chains, commodity pricing etc
- Long and short-term forecasting capabilities with data disruptions
- Challenges caveating forecasting and scenario analysis
- Effective scenario analysis with continued uncertainty
Nicolas Guittard, Executive Director, Scenario Analytics Lead, UBS
2:20-3:05
CONCENTRATION RISK – PANEL DISCUSSION
Safeguarding stability and mitigating concentration risks in certain markets
- Examining the potential dangers of overexposure to specific industry sectors
- Identifying vulnerabilities stemming from a concentration of investments or activities in particular markets
- Understanding risk and concentrations holistically
- Reviewing internal and industry-wide concentrations
- Examining the resurgence of asset-backed securities similar to those that triggered the global financial crisis
Cedric Zunino, Global Head of Wholesale Risk Appetite, Citi
Dimitris Papathanasiou, former, Head of Global Funding Concentration and International Treasury Risk, Credit Suisse
3:05 – 3:35
Afternoon Refreshment Break and Networking
3:35-4:10
CLIMATE RISK INTEGRATION
Inclusion of climate risk within liquidity risk management practices and stress testing
- Strategies for preparing financial institutions for climate stress events that may lead to liquidity crises
- Identifying potential liquidity vulnerabilities linked to climate-related shocks
- Understanding how climate risk is altering risk profiles
- Stress testing portfolios to assess climate risk vulnerabilities
- Incorporating climate considerations into the liabilities profile
- Integration of climate related information in the risk framework
Rocco Fanciullo, Head of Liquidity Risk Management, UniCredit SpA
4:10-4:45
FRTB REQUIREMENTS
Reviewing the final FRTB requirement and managing complexities with global nuances and implementation dates
- Control and governance framework required under FRTB
- Roles and responsibilities across first and second-line functions
- Delineation of roles and responsibilities between the first and second line functions
- Reviewing the Internal Models Approach (IMA) and Standardized model approach
- Implications of each approach for capital calculations and risk management
- Impacts on risk management practices and broader compliance efforts
- Strategies for managing the inherent complexity of the FRTB regulation
- An overview of the industry’s readiness for FRTB implementation and complexity with divergence in implementation dates
Paul Burnett, Managing Director, Global Markets Risk Analytics, Bank of America
Day 2 Moderator: Simon Blanch, Business Development Director, WeeFin
10:50-11:25
TPRM STRATEGY
Evolving TPRM strategies to align with regulatory change and ensure security across supply chains
- Exploring the approaches of the PRA and EBA to Digital Operational Resilience Act (DORA)
- Developing consistent supervisory and risk assessment requirements for all outsourced activities
- Addressing the heightened scrutiny of intergroup outsourcing arrangements
- Implementing continuous monitoring of data capabilities to detect and respond to emerging risks
- Conducting scenario testing to assess supplier resilience and response to various risks
- Developing exit strategies for critical suppliers
- Strategies for enhancing the resilience of supply chains in the face of global tensions and disruptions
- Strategies for leveraging AI for risk management and efficiency
Alistair shields, Director – Enterprise Compliance & Ops Risk, Bank of America Merill Lynch
11:25-12:10
EXIT STRATEGIES – PANEL DISCUSSION
Reviewing requirements under operational resilience for supplier exit strategies
- Enhancing operational resilience to maintain business continuity
- Prioritizing investment in operational resilience to safeguard critical business functions
- Strategies for developing detailed exit plans that accurately address potential disruptions
- Ensuring effective crisis management and response
- Reviewing resolution plans and assessment frameworks for supplier stress exit
- Preparing for and recovering from supplier failure to maintain operational continuity
- Identifying and engaging substitutable service providers in case of supplier disruption
Mihaela Breg, Head of Operational Resilience & Third-Party Oversight, Europe Arab Bank
Saima Sabir, Group Head of Third Party Risk Management & Outsourcing (2LOD), Bank of Ireland Group
Charles Low, Senior Business Development Manager, Protecht
Julie Hubbard, Chief Controls Officer, Business Operations, OneSavings Bank
12:10-12:45
THIRD PARTY RISK MANAGEMENT
Adapting your approach to systematically close your third party risk vulnerability gaps
- Updating outdated practices with new ways of thinking
- Establishing a universal TPRM data core
- Importance of leveraging a global risk exchange
- Enhancing human processes through the use of AI
- Transforming your program into a critical function
Ed Thomas, Senior Vice President, ProcessUnity
12:45-1:45
Lunch break and networking
1:45-2:20
CYBER & IT RISK
Elevating cybersecurity and IT resilience in a digital world to ensure comprehensive protection
- Tailored strategies for smaller organizations to bolster cyber defenses
- Exploring the use of AI in cyberattacks and methods to protect against machine-driven threats
- Protecting sensitive data and systems from AI-driven cyber breaches
- Recognizing the global scope of cybersecurity risks and threats
- Collaborating on international threat intelligence and defense strategies
- Prioritizing customer and data protection in an increasingly digital business landscape
- Diversifying cloud providers and safeguarding against cloud-related vulnerabilities
- Addressing the amplification of vulnerabilities across the supply chain
Nitesh Kumar, Managing Director, Global Head of Cyber, Payments Systems Risk and Strategic Projects, BNP Paribas
2:20-3:05
FINANCIAL CRIME – PANEL DISCUSSION
Reviewing the evolving financial crime regulatory landscape and managing cross-border regulatory expectations
- Strategies for managing regulatory inconsistencies and varying levels of scrutiny
- Discussion on the requirements and procedures for exiting customers following a regulatory event
- Continuous monitoring of trade restrictions and sanctions changes
- Maintaining compliance while disengaging from risk-prone relationships
- Aligning best practices and evolving regulatory standards
- Exploring the trend towards shared liability in financial crime enforcement
- Examination of the treatment and monitoring of politically exposed persons (PEPs)
- Insights into the evolving landscape of money laundering directives
Chiz Nwokonkor, Executive Director, Global Financial Crimes Legal Counsel, Morgan Stanley
Zahra Gill, Head of ED, SMSO, Financial Crime Strategy & Change, Starling Bank
Ionela Emmett, Senior Manager, Financial Crime Controls, Risks and Policy & Advisory, ICBC Standard Bank
Adam Oyebanji, MD, EMEA Head of Sanctions, BNY Mellon
3:05-3:35
Afternoon refreshment break and networking
3:35-4:10
CONSUMER DUTY
Consumer duty: Benchmarking progress and embedding best practices for compliance
- Assessing the progress and evolution of consumer duty compliance one year after its introduction
- Embedding consumer duty requirements into BAU operations and operational risk frameworks
- Ensuring consumer duty becomes an integral part of daily business practices
- Navigating the evolving landscape of consumer protection
- Developing robust monitoring and reporting mechanisms for consumer duty
- Conducting product risk assessments to guarantee the right outcomes for customers
- Leveraging automation for real-time assessments of consumer duty compliance
Paul Gill, Chief Risk Officer, Mortgage Advice Bureau
4:10-4:45
KYC
Enhancing KYC and due diligence processes in an evolving digital landscape
- Strategies for Know Your Customer (KYC) processes in the context of crypto exchanges
- Analysis of regulations and requirements for onboarding new clients
- Reviewing disparities in regulatory expectations across different jurisdictions
- Setting quality standards and criteria for client onboarding processes
- Ensuring rigorous due diligence practices during client entry
- Examination of the impact of sanctions on client onboarding and scrutiny
- Integrating certified video identification services into KYC processes
- Strategies for aligning and streamlining KYC and client due diligence procedures
- Identifying and verifying beneficial ownership information
Nicola Poole, former Global Head of Client Onboarding, Citi
Day 2 Moderator: Will Heffernan, Director of Field Technical Services, CIMCON
10:50-11:25
TECHNOLOGY LANDSCAPE
Reviewing how fintech disruption is reshaping the traditional competitive landscape in financial services
- Exploring the transformative impact of open banking on financial services
- Understanding the concepts of banking as a service and banking as a solution
- Identifying, assessing, and mitigating risks and security issues in new fintech products and features
- Strategies to balance product innovation and maintain robust security measures
- Aligning regulatory changes with the rapid pace of fintech innovation
- Reviewing how fintech innovations could shape the future of the banking industry
Armel Massimina, Operational Risk Lead, National Bank of Kuwait (International)
11:25-12:10
LARGE LANGUAGE MODELS – PANEL DISCUSSION
Leveraging the potential of large language models and ensuring effective monitoring and controls
- Reviewing information security and privacy challenges posed by large language models
- Navigating the complex global regulatory landscape surrounding the use of AI tools
- Implementing monitoring and controls to prevent improper usage of large language models
- Validating and maintaining reliability of information produced by large language models
- Understanding copyright and intellectual property ownership issues
- Understanding the potential value and use cases for large language models
Toby Billington, Managing Director, Citi
Stuart Greig, former Head of Risk and Innovation, Aldermore Bank
Eleimon Gonis Phd, Head of Independent Model Validation, Virgin Money
12:10-12:45
QUANTUM COMPUTING – JOINT PRESENTATION
Reviewing the use current and future use of quantum computing within institutions
- What is quantum computing and how far away is it?
- Security implications of quantum computing
- Quantum computing use cases
- Examining global guidance and the varying rates of blockchain adoption worldwide
- Ensuring stakeholder are positioned for this next paradigm shift in computing
Robert Garlick, MD, Head of Innovation, Technology & Future of Work, Citi
Tahmid Quddus Islam, AVP, Innovation & Technology, Citi
12:45-1:45
Lunch break and Networking
1:45-2:20
BANKING ON AI
Balancing opportunities for new processes with the risk of unknown liabilities.
- Examining AI risks including performance, discrimination and data privacy within common banking applications
- Understanding and preparing for consequences, such as business interruption and reputational losses
- Discussing strategies to handle risks, whether by retaining them, transferring them, or implementing solid mitigation plans.
Alexandra Matthews, Underwriter of AI Performance Risk, Munich Re
2:20-3:05
CBDC – PANEL DISCUSSION
The future of central bank digital currencies and the future of finance and deposits
- Reviewing the impact on traditional banking
- Changes to deposit outflows and customer behavior
- Potential challenges and mitigation for the cost of funding banks in a CBDC environment
- Assessing the role of CBDCs in promoting financial inclusion
- Impact on unbanked populations, and reducing financial inequality
- Requirements for CBDC implementation: Ensuring a secure and transparent financial ecosystem
- Potential cross-border transaction revolution
Aleksi Grym, Head of Fintech, Bank of Finland; Fintech Leaders Advisory Board member, CeFPro
Neophytos Kathitziotis, former Treasurer, Natwest Germany Gmbh
3:05-3:35
Afternoon refreshment break & networking
3:35-4:10
DIGITAL RISK
Reviewing the way firms are addressing and managing digital risk in the current landscape
- Determining the particular risk points unique to digital
- Mitigating risks unique to digital
- Incorporating efficient cybersecurity to limit theft
- Risk to streams that provide digital services
- Managing digital risk internally and externally
- Assessing current software structures
Ron Lay, Director, Investia
4:10-4:45
SOCIAL MEDIA
Managing liquidity risk in the social media era with support of AI
- Understanding and mitigating the impact of social media in the post-SVB era
- Effectively setting up liquidity risk framework to capture new threats
- Reviewing how the use of AI technology can support with liquidity risk
Jacek Rzeznik, Vice Director, ALM Risk, mBank
4:45 – 4:55
Chairs closing remarks and end of Convention
