Advanced Model Risk

Advanced Model Risk

Enhancing model risk practices and leveraging advanced technology capabilities

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ADVANCED MODEL RISK

March 24-25, 2021

Key topics include

MODEL VOLATILITY
How models reacted to the turbulence of 2020 and 2021 outlook

REGULATION
Regulatory update with increased use of technology and automation

AUTOMATION
Potential uses of automation and role of model risk teams

ETHICS AND BIAS
Removing bias from AI models and maintaining oversight

NON-QUANTITATIVE INPUTS
Treatment of unconventional models and inputs

INVENTORY
Tracking entire model inventory for oversight of usage

VALIDATION
Validation techniques for diversity of models and applications

DEEP LEARNING
New techniques and opportunities of deep learning capabilities within risk teams

View the full agenda here
Agus Sudjianto

Agus Sudjianto
EVP, Head of Corporate Model Risk
Wells Fargo

Moez Hababou

Moez Hababou
Director, Model Risk Management
BNP Paribas

Seyhun Hepdogan

Seyhun Hepdogan
Director, Model Risk Management
Discover Financial Services

Jens Jakob Rasmussen

Jens Jakob Rasmussen
Head of Model Risk & Validation
Nordea

David Palmer

David Palmer
Senior Supervisory Financial Analyst
Federal Reserve Board

NIKOLAI-KUKJARKIN-120x120

Nikolai Kukharkin
MD, Head of Model Risk Management
TIAA

Datta Suman

Suman Datta
Head of Portfolio Quantitative Research
Lloyds Bank – Group Corporate Treasury

Fares Triki

Fares Triki
Head of Model Risk Management
MUFG Securities EMEA plc

View the full speaker line up
Sponsorship

CAN YOUR ORGANIZATION CONTRIBUTE?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. For more information on what we can offer, please contact sales@cefpro.com or call us on +1 888 677 7007 / +44 (0) 20 7164 6582 where a member of the team will be happy to tailor the right package for you.

Day One | March 24, 2021

Chaired by: Angus Allan, Business Development, Workscope

MODEL VOLATILITY – PANEL DISCUSSION

10:00 Reviewing model reaction to COVID-19 and assessing the impact of volatility in 2021

  • How models adapted to changing environment in 2020
  • Impact of changes to market behaviors and macroeconomic variables
  • Managing capital models
  • Maintaining models as variables continue to change

Mohit Dhillon, Managing Director, Quantitative Analytics, Barclays
Alexey Smurov, SVP, Balance Sheet Analytics and Modeling, PNC Bank
Moez Hababou, Director, Model Risk Management, BNP Paribas
David Bloch, Director, Data Science Strategy, Domino Data Lab

10:35 Banks’ use of AI/ML and its relation to existing MRM frameworks

  • Identifying risks from use of AI/ML
  • Including AI/ML in existing MRM frameworks
  • Addressing both safety and soundness and consumer protection

David Palmer, Senior Supervisory Financial Analyst, Federal Reserve Board

11:00 Factoring in climate-related and environmental risks – a new challenge in model risk management

  • Characteristics of climate-related and environmental risks (CER)
  • Materiality of CER risk-drivers in conjunction with credit risk, market risk, etc.
  • Translation of CER risk-drivers into changes of the model-specific risk factors
  • Identifying blind spots in the risk models
  • Upgrading of risk models and model risk management tools to address CER

Andreas Peter, Managing Partner, Fintegral

11:25 Model Risk Management Through Entire Life Cycle

  • Definition of End User Computing (EUC) Models
  • Risk Metrics for EUC Models
  • Regulatory expectations
  • A Model Risk Management Framework

Sanjay Agrawal, President and CEO, CIMCON Software

11:50 Networking break

MODEL RISK MEASUREMENT

12:00 Quantification of model risk and tiering of models for a risk sensitive approach

  • Risk sensitive model risk management
  • Model information and risk drivers
  • Risk measurement and model tiering – with AI challenges
  • Risk appetite statement metrics

Fares Triki, Head of Model Risk Management, MUFG Securities

VALIDATION

12:25 The risk manager’s role in combatting model risk through model validation

  • What is a model and what does it mean for model risk management
  • The challenges of introducing model governance
  • Validation of non-regulatory models: a new era of model validation
  • Procedure ,Challenges and Lessons learned during model validation
  • Challenges related to AI/ ML Model Validation
  • Impact of Covid on Model Validation
  • Future of Model Risk Management

Ayan Mukherjee, Product Owner, Data Science Model Validation, ING

12:50 Updating validation approaches and techniques with continued advances in model inventory and definition

  • Expanding model risk to incorporate AI/ML applications
  • Integrating control framework approach to non-models
  • Improving efficiencies through AI and machine learning adoption
  • Monitoring the pace of change to benefit customers
  • Strengthening risk and accelerating adoption
  • Balancing quantitative and risk thinking in a model risk team
  • Streamlining model risk practices to manage risks with emerging practices and applications
  • Model risk as a key contributor to risk management

Chris Smigielski, Director, Model Risk Management, Arvest Bank

INVENTORY – PANEL DISCUSSION

1:25 Ensuring completeness and accuracy of model inventory to monitor uses across all areas

  • Identifying what models are in use in different areas
  • Cross section of model population for specific exercises
  • Ensuring model owners understand guidance and frameworks
  • Understanding all uses for a specific model
    • Validation requirements when using a model for purposes it was not built for

Jens Jakob Rasmussen, Head of Model Risk & Validation, Nordea
Suman Datta, Head of Portfolio Quantitative Research, Lloyds Bank – Group Corporate Treasury
Nikolai Kukharkin, MD, Head of Model Risk Management, TIAA

2:00 Closing remarks and end of day one

Day Two | March 25, 2021

AUTOMATION

10:00 Automation in model risk management

  • Global Drivers of Automation
    • Technology shift, skilled labor and regulatory environment
  • Automation in model risk management
    • Development, implementation, data lifecycle, process design & automation
    • Validation: AI/ML & SR11-7 & Framework, continuous validation and COVID-19 backlog
  • Cloud and model as a service

Julian Horky, Head of Risk Controlling, Berenberg Capital Markets

ETHICS AND BIAS – PANEL DISCUSSION

10:25 Ethics and machine learning: Removing and continuously monitoring for bias in applications

  • Regulations across institutions and industries
  • Protecting customers from bias
  • Model explainability to understand outputs
  • Reporting results to regulators

Seyhun Hepdogan, Senior Director, Model Risk Management, Discover Financial Services
Peng Wu, Head of Corporate Model Risk and Responsible AI Strategy, PayPal
Xiaoling (Sean) Yu, Director, Model Validation, KeyBank

AUTOMATION

11:00 Path to automation in model validation and monitoring

  • Why and what to automate?
  • How to prioritise opportunities for automation?
  • How best to scale up automation?
  • What are the trade-offs between in-house and external development?

Anna Slodka-Turner, PhD, Global Leader, Risk and Compliance Practice, Evalueserve
Steve Lindo, Course Designer & Instructor, MSc in Enterprise Risk Management, Columbia University
Richard Boesch, Head of MRM Automation, Evalueserve

11:25 Networking break

EXTENDED INDUSTRY SESSION
WELLS FARGO CASE STUDY

11:40 Advanced interpretable machine learning

Wells Fargo will undertake an extensive and intensive masterclass on the practical application of machine learning for effective model risk management. Using practical examples and insights, the extended session will allow for a deep-dive and interaction with industry professionals. 

Led by:

Agus Sudjianto, EVP, Head of Corporate Model Risk, Wells Fargo

  • Deep ReLU networks as interpretable and self-explanatory machine learning models

Aijun Zhang, Quantitative ResearcherWells Fargo

  • Interpretable convolutional neural network NLP models

Vivien Zhao, Quantitative Analytics Specialist, Wells Fargo

  • Interpretable ensemble machine learning models

Jie Chen, MD, Corporate Model Risk, Wells Fargo

1:10 Closing remarks and end of Advanced Model Risk Forum 2021

Speakers
Angus-Allan

Angus Allan
Business Development
Workscope

Biography

Angus leads business development activities for Workscope. With over 13 years in senior business development roles, he focuses on technology that drives efficiency and reduces risk across the enterprise. At Workscope, Angus works with financial services organisations to deliver technology that helps risk assess and understand the significance of spreadsheet estates so that institutions can establish standard taxonomies and solve business priorities related to governance, operational resilience and data-lineage. He holds a BA in Economics and History from the University of Leeds.

Sanjay Agrawal

Sanjay Agrawal
President and CEO
CIMCON Software

Biography

Sanjay Agrawal has 25+ years of experience in managing risk from models that use End User Computing Applications such as spreadsheets, Access databases, Python/R/SQL/SAS/RPT files and similar other formats.  After founding CIMCON in 1996, Sanjay has played an important role in the development and advancement of this market.  Under his leadership, CIMCON pioneered several innovations in EUC-based model risk management across the entire spectrum of model life cycle including discovery, risk assessment, policy compliance, model validation, inventory, monitoring and disposition. Before founding CIMCON, Sanjay was a risk and validation consultant for 4 years.  He has a Masters degree from the University of Massachusetts, Amherst.

David Bloch

David Bloch
Director, Data Science Strategy
Domino Data Lab

Biography

David Bloch is a data science professional with 20 years experience working in data and analytics roles. He recently joined Domino Data Lab in the position of data science evangelist where he is tasked with boosting awareness of the platform and product and assisting customers drive adoption of models and machine learning. David has a particular focus in assisting businesses to build out their community of expertise in data science and coaching data science leaders on how to build high performing teams. David previously held executive leadership roles in companies such as Fonterra, Vodafone and Unleashed Software.

 

Richard Boesch-min

Richard Boesch
Head of MRM Automation
Evalueserve

Biography

Rick is an expert in financial risk modeling and providing vision for business transformation in financial services, coming to EVS with 2+ decades of experience. His career includes leading Credit Suisse’s derivative modeling group in New York, overseeing modeling for Deutsche Bank’s proprietary convertible bond desk, as well as producing novel tools for financial software entities. These include creating SaaS pricing and risk reporting for the commodities industry, and real-time Value-at-Risk for a large broker dealer. Cross-functionally, he’s guided business growth by leading and provided vision for Product Development and Client Advisory. Most recently he headed JP Morgan’s VaR Model Validation function in New York. Rick holds a Ph.D. in Theoretical Physics from Boston University.

JIE-CHEN

Jie Chen
MD, Corporate Model Risk
Wells Fargo

Biography

Jie Chen is Managing Director in the Advanced Technologies for Modeling (AToM) Group of Corporate Model Risk at Wells Fargo. She is leading the Statistical Modeling and Machine Learning team, focusing on development of cutting-edge models, algorithms, and a computing platform to advance the Bank’s practice in the areas of credit, operational, and market risk management. She has over ten year experience on machine learning, artificial intelligence and advanced statistics in the banking industry.  Jie holds a Ph.D. in Statistics from the Stewart School of Industrial and Systems Engineering at the Georgia Institute of Technology.

SUMAN-DATTA

Suman Datta
Head of Portfolio Quantitative Research
Lloyds Bank – Group Corporate Treasury

Biography

I head up the Portfolio Quantitative Research function within Lloyds Banking Group Markets division and am responsible for strategic cross-asset portfolio analytics covering FRTB, Prudential Valuation, Initial Margin, PnL Attribution and Stress Testing. I am also the business/IT partner for architecting the next-generation risk and valuation platform to be used by trading, risk and finance functions. My background is in quantitative finance, technology and business strategy and my key areas of interest are in bank regulation, digitisation and application of quantitative methods in new areas within finance

Mohit D

Mohit Dhillon
MD, Quantiative Analytics
Barclays

Biography

Mohit Dhillon is a Managing Director in Barclays, leading a broad and diverse group within the Quantitative Analytics function. Mohit’s remit includes overseeing all credit risk modelling for Barclays International Consumer portfolios with a strong focus on AIRB, IFRS9, CECL, CCAR and credit decision models.
Mohit is based in New York and has been with Barclays for 14 years. He has covered the complete risk life-cycle and all asset classes.

MOEZ-HABABOU

Moez Hababou
Director Model Risk Management
BNP Paribas

Biography

Dr. Hababou is Director, Independent Risk & Control at BNP Paribas. He heads Model Risk Management activities for the Capital Planning, Credit Risk, Financial Security at CIB Americas. He has a BA from IHEC Carthage (Tunisia), a Master in Finance from Laval University (Quebec City, Canada) and a Ph.D. in Management Science from York University (Toronto, Canada). His professional experience spans various areas including Model Risk Management, Credit Risk, Decision Sciences, AI/ML, Predictive Modeling, and Marketing Research. He has previously worked for UBS, Barclays Capital, Royal Bank of Scotland, Shorebank Corp, and Manugistics. He has published in several journals including Omega, Political Sciences, Customer Needs and Solutions, the Journal of Productivity Analysis and the Federal Reserve Conference Proceedings.

Seyhun

Seyhun Hepdogan
Senior Director, Model Risk Management
Discover Financial Services

Biography

Seyhun Hepdogan is Senior Director of Model Risk Management for Discover Financial Services. He is responsible for all business-as-usual models including originations, portfolio risk, collections, marketing, fraud and AML models. Under his direction, his team oversees the model risk across the company and develops models, frameworks and governance. He and his team play an integral role in transitioning to machine learning models. Prior to his Discover Financial Services experience, Seyhun was Senior Director of Model Risk for Santander Holdings USA, responsible for fraud, AML, operational risk, commercial credit risk. He holds a Ph.D. in Industrial Engineering from University of Central Florida.

JULIANHORKY

Julian Horky
Head of Risk Controlling
Berenberg Capital Markets

Biography

I am the Head of Risk Controlling at Berenberg Capital Markets, responsible for its risk management program and selected high-profile projects. Before returning to the industry, I worked as a Senior Manager in the Enterprise Risk and Quantitative Advisory practice of a large US consulting firm. I gained significant experience working for global financial institutions throughout my career, both in Europe and the United States, where I focused mainly on technology transformation and modeling projects in finance, risk, treasury and model risk management departments across the industry.
I have the technical skillset needed to clearly communicate the requirements associated with large and complex automation projects, and I regularly present on the topics of model risk management and model implementation.

NIKOLAI-KUKJARKIN

Nikolai Kukharkin
MD, Head of Model Risk Management
TIAA

Biography

Nikolai Kukharkin is Managing Director, Head of Model Risk Management at TIAA. His team is responsible for TIAA’s Model Risk Management program, including model validation and governance activities such as risk rating of models, model performance review, and reporting and oversight of model risk.
Mr. Kukharkin has over 20 years of experience in risk management. He joined TIAA in 2017 after 14 years with UBS, where most recently he was the Global Head of Model Risk Management & Control, leading the design and implementation of a firm-wide Model Risk Management framework. Previously, Mr. Kukharkin served as a VP, Model Risk Officer at JPMorganChase Model Review Group for 5 years.
Mr. Kukharkin holds PhD in Plasma Physics from Moscow Institute of Physics and Technology and started his career in 1990s as a research physicist at the National Research Center “Kurchatov Institute” in Moscow, and later in the Department of Mechanical and Aerospace Engineering at Princeton University.

Steve Lindo

Steve Lindo
Course Designer & Instructor, MSc in Enterprise Risk Management
Columbia University

Biography

Steve Lindo is a financial risk manager with over 30 years’ experience managing risks in ALM, funding, banking and trading portfolios. In addition to his role as Lecturer and Course Designer in Columbia University’s MSc in Enterprise Risk Management program, he is currently Principal of SRL Advisory Services, an independent consulting firm specializing in risk governance, education and strategy, and Co-Principal of Intelligent Risk Management LLC, an executive education and advisory partnership using analytical methods pioneered by the CIA. Mr. Lindo is a regular presenter at conferences, webinar host and author of risk management articles and case studies.

AYAN-MUKHERJEE

Ayan Mukherjee
Product Owner, Data Science Model Validation
ING

Biography

I joined ING in February 2020 as the Senior Product Owner of the Model Validation chapter which is responsible for the validation of the non-regulatory models within the bank covering areas like Know Your Customer, Loan Pricing and other Advanced Analytics model, and lies within the umbrella of MoRM. As a PO, I am responsible for the backlog and project management as well as stakeholder management for the entire chapter.

Prior to joining ING, I was working as the Senior Manager and Client Relationship Manager for Genpact and was based out of Boston, USA. My team was responsible for validation of the client bank’s Credit Risk and Stress Testing models. In total, I have 12 years of experience in banking and financial services domain.

David Palmer

David Palmer
Senior Supervisory Financial Analyst
Federal Reserve Board

Biography

David Palmer is a senior supervisory financial analyst in the Division of Banking Supervision and Regulation at the Federal Reserve Board. He focuses on several primary topic areas, including banks’ capital planning practices, banks’ model risk management practices, banks’ and supervisors’ stress testing activities, validation of supervisory stress testing models, and banks’ credit risk capital models. He engages in both policy-related projects as well as on-site examinations. David was a primary author of the Federal Reserve’s Supervisory Guidance on Model Risk Management (SR 11-7), issued in April 2011 jointly with the OCC (and more recently with FDIC), and continues to lead the implementation of that guidance within the Federal Reserve. He was also a key contributor to the Federal Reserve’s supervisory guidance on capital planning for large firms issued in December 2015 (SR Letters 15-18 and 15-19), as well as to the Federal Reserve’s final rules to implement Dodd-Frank stress testing requirements and the Federal Reserve’s Capital Plan Rule.  More recently, David has been involved in evaluating supervised firms’ use of fintech, including artificial intelligence/machine learning.

He has a bachelor’s degree from Oberlin College and a master’s degree from Georgetown University.

Dr Andreas Peter

Andreas Peter
Managing Partner
Fintegral

Biography

Andreas is the Managing Partner at Fintegral. He has 25 years of professional experience in the financial services industry. His vast project experience in risk management ranges from model risk management, stress testing, strategic capital & liquidity management, recovery & resolution planning to risk governance. Since 2008, Andreas has successfully delivered numerous model risk management projects for clients of different sizes and business models. He has previously worked for Deutsche Bank and EY. Andreas studied Physics at the University of Gießen and the University of Washington in Seattle and holds a PhD from the University of Gießen.

JENS-JAKOB-RASMUSSEN

Jens Jakob Rasmussen
Head of Model Risk & Validation
Nordea

Biography

Jens Jakob Baltzer Rasmussen, Director and Head of Model Risk and Validation at Nordea, has 20+ years’ experience within the baking sector. Have held various positions across all three lines of defence in Nordic banks. Joined Nordea’s Wholesale Banking division in 2004 working primarily with credit, rates and inflation pricing models and product structuring. In 2016 moved to a role as head of Pricing Model Validation in Nordea’s 2nd line Group Risk function. Now heading the Model Risk and Validation unit with responsibility for model validation across all model areas as well as defining and maintaining model risk frameworks across the Group.

Anna Slodka

Anna Slodka-Turner, PhD
Global Leader, Risk and Compliance Practice
Evalueserve

Biography

Anna Slodka-Turner is the Global Leader for EVS’ Risk and Compliance Practice. She is a banking expert with over 15 years of experience as a consultant, initially with McKinsey and Company, and then with EY. She has worked across functions and business units, and worked on some of the most exciting projects in Europe – large transformations, mergers and de-mergers, post GFC rescues and bad banks. She led industry’s largest research study into the relevance of retail banking. She’s is passionate about the role banks have to play in the society. Anna holds a PhD from University of Lodz.

Chris Smigielski

Chris Smigielski
Director, Model Risk Management
Arvest Bank

Biography

With over 30 years of financial services industry experience, Chris has an in-depth knowledge of model governance, model validation, financial model development, market risk modeling, Asset Liability Management, and team development. Chris is currently the Director of Model Risk Management at Arvest Bank and was previously Vice President, Director of Model Risk Management at TIAA Bank for five years. His experience includes leadership roles at Diebold and Fiserv, where he consulted with financial institutions nationally and internationally to design and implement financial strategies to maximize productivity and growth, as well as Asset/Liability Management and quantitative analysis at HSBC and First Niagara Banks.

Alexey

Alexey Smurov
SVP, Balance Sheet Analytics and Modeling
PNC Bank

Biography

Alexey Smurov has over 15 years of experience in the financial services industry and is a frequent speaker at industry conferences. He currently serves as a Senior Vice President at PNC Bank, where his group is responsible for development of Mortgage and Home Equity models for the purposes of stress testing (CCAR/DFAST), financial reporting (CECL) and regulatory capital (Basel). He also serves as an Adjunct Professor at the Department of Finance at George Washington University. Prior to that, Alexey spent 6 years at Capital One as a Senior Director and Head of Capital Model Validation in the areas of Credit, Counterparty, Operational and Market risk. He also worked as a Director or Credit Analytics at Fannie Mae and taught economics at the University of Georgia from which he earned his PhD in Economics in 2004. He also holds the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Energy Risk Professional (ERP) and Professional Risk Manager (PRM) designations.

Agus Pic

Agus Sudjianto
EVP, Head of Corporate Model Risk
Wells Fargo

Biography

Agus Sudjianto is an executive vice president, head of Model Risk and a member of Management Committee at Wells Fargo, where he is responsible for enterprise model risk management.

Prior to his current position, Agus was the modeling and analytics director and chief model risk officer at Lloyds Banking Group in the United Kingdom. Before joining Lloyds, he was an executive and head of Quantitative Risk at Bank of America.

Prior to his career in banking, he was a product design manager in the Powertrain Division of Ford Motor Company.

Agus holds several U.S. patents in both finance and engineering. He has published numerous technical papers and is a co-author of Design and Modeling for Computer Experiments. His technical expertise and interests include quantitative risk, particularly credit risk modeling, machine learning and computational statistics.

He holds masters and doctorate degrees in engineering and management from Wayne State University and the Massachusetts Institute of Technology.

FaresTriki

Fares Triki
Head of Model Risk Management
MUFG Securities

Biography

Fares Triki is currently Head of Model Risk Management at MUFG Securities EMEA. He has an extensive risk and pricing quantitative modelling experience. Previously he worked at Credit Suisse, Markit, BNP Paribas, Fitch Ratings, and Banque de France, in quantitative measurement of products and risks, in topics ranging from market, counterparty and credit risks to systemic risks and macroprudential regulations. He holds an MPhil in Economics, an MSc in Finance, and is graduated from a leading French institution in science and technology from Institut Polytechnique de Paris. Fares has multiple contributions in academic journals and industry conferences.

PENGWU

Peng Wu
Head of Corporate Model Risk and Responsible AI Strategy
PayPal

Biography

Peng Wu is heading the Model Risk Function at PayPal, where he has global responsibilities of developing responsible AI strategy and managing models risks in AI/ML applications, financial models, and credit underwriting models. Before joining PayPal, he was SVP of Model Development with Santander US Holdings. He previously worked as principal economist with Fannie Mae and held modeling leadership roles with GE Capital and Exelon. He received his Ph.D. in operations research from the University of California at Davis.

XIAOLING-YU

Xiaoling (Sean) Yu
Director, Model Validation
KeyBank

Biography

Xiaoling (Sean) Yu is an SVP and Director of Model Validation at KeyBank, with 15 years of experience in the financial services industry in different quantitative modeling roles. His areas of functional expertise include Consumer and Commercial Credit Risk, Stress Testing, Allowance/Reserve, Capital Modeling, Fair Lending, AML, Risk Analytics, and Model Governance. Prior to Key, Sean was a Sr. Group Manager of Quantitative Analytics and Model Development in PNC Financial Service Group. He started his financial services career in National City Bank as a Sr. Capital Allocation Analyst after worked as a Research Consultant at the Center for Regional Economic Issues of Case Western Reserve University. Sean has a Ph.D. in Economics from Case Western Reserve University, and a Master in Management Science and a Bachelor in Industrial Economics from Tianjin University.

AijunZhangProfile[1]

Aijun Zhang
Quantitative Researcher
Wells Fargo

Biography

Aijun Zhang recently joined Corporate Model Risk at Wells Fargo as a quantitative researcher. His research interests include machine learning and explainable artificial intelligence. He received his Ph.D. degree in Statistics from the University of Michigan at Ann Arbor in 2009. Dr. Zhang has published over 25 papers in professional conferences and journals.

VIVIEN-ZHAO

Vivien Zhao
Quantitiative Analytics Specialist
Wells Fargo

Biography

Wei Zhao is a Quantitative Analytics Specialist in the Advanced Technologies for Modelling (AToM) Group of Corporate Model Risk at Wells Fargo. She is focusing on development of cutting-edge Artificial Intelligence models and algorithms to advance the Bank’s practice in the areas of credit and operational risk management. She holds a Ph.D. in Statistics from North Carolina State University, and a bachelor’s degree in Statistics from Beijing Normal University.

CIMCON


Uncertain economic conditions have created the need for dynamic and flexible Models, that in turn, has increased the reliance on Spreadsheets and other End User Computing (EUC) tools such as Python/R/SQL/SAS files and Access databases. With greater flexibility comes increased risk, possibility of errors and invalid model outputs that can result in business losses, regulatory penalties and worst, reputational loss. This is not a myth – losses due to spreadsheet incidents make news headlines with surprising regularity.

CIMCON’s EUC Insight is an intelligent, automated and unique software platform that reduces Model Risk across the entire Model Life Cycle. Its Discovery, Inventory, Monitoring and Disposition modules identify new models and assess risk, inventory them, monitor for high risk changes and dispose as needed. A single user interface integrates all modules and file types. XLAudit is a visual, easy to use Excel plugin that performs quick validation, logic and error checks on spreadsheets and documents the results.

Whether your models are already on the Cloud or will be, CIMCON tools and services can help. We support all major Cloud repositories and can help fix links that break when moving to Cloud. We can also migrate your legacy Access database Models to a web application on cloud.

CIMCON has a wide range of consulting, technology and reseller partners around the globe. With 25 years of experience, 500 customers in 30 countries, and a #1 ranking by Gartner, CIMCON can be a valuable partner for your Model Risk Management needs.

Evalueserve


Evalueserve is a leading analytics partner to Fortune 500 companies. Powered by mind+machine™, Evalueserve combines insights emerging from data and research with the efficiency of digital tools and platforms to design impactful solutions. A global team of 4,000+ experts collaborates with clients across 15+ industries.

We use process re-engineering and automation to transform the way you manage risk.

Our services cover MRM, Risk Data and Analytics, Risk Managed Applications. Our tools support delivery of ongoing operations and automate several regulatory requirements (e.g., FRY15, FR 9YC, SCCL, SR 11/10, SR 11/7, BCBS 239) with the use of a centralized data warehouse and reporting tool infrastructure.

Our clients benefit from high quality domain expertise, a tailored approach to suit each bank’s unique infrastructure, and project management located in key financial centers across the US, UK and Europe; low-cost highly skilled teams supporting from delivery centers in Chile, Romania and India.

We number 60 of the world’s leading financial institutions among our valued clients.

Fintegral


Fintegral helps banks to develop, enhance and validate their most sophisticated risk models and analytics. As a quantitative risk consultancy focusing solely on the finance sector, we have supported hundreds of clients over the last 15 years, with specialist expertise covering trading book, banking book, enterprise, non-financial, climate and model risk.

Fintegral’s model risk experts design and implement bank-wide model risk frameworks, optimise and automate validation and model monitoring processes, and provide both collaborative and independent validations of our clients’ models.

Associate Sponsors

Domino Data Lab


Domino Data Lab empowers data science teams with the leading, open data science platform that enables enterprises to manage and scale data science with discipline and maturity. Model-driven companies including Allstate, Dell Technologies, and Bayer use Domino as a data science system of record to accelerate breakthrough research, increase collaboration, and rapidly deliver high-impact models. Founded in 2013 and based in San Francisco, Domino is backed by Sequoia Capital, Coatue, Bloomberg Beta, Dell Technologies Capital, Highland Capital Partners, and Zetta Venture Partners.

Workscope


Workscope offers an operational resilience and insights platform for managing end-user computing spreadsheet assets.

Spreadsheet models drive critical decisions and hidden business processes. Workscope allows organisations to maintain visibility across all assets via a dynamic inventory platform – without any manual overhead or intervention.

Workscope analyses the structure, data dependencies, complexity, integrity and usage behaviour associated with each file so that organisations can reveal operational risks and fully understand the value and significance of each file asset.

Exhibitor

Arthur


Arthur is the machine learning model monitoring platform that gives organizations the confidence and peace of mind their AI deployments are performing as expected. Arthur provides performance monitoring, algorithmic bias detection, and explainability so data science teams can quickly detect, diagnose, and fix issues with their production AI deployments. Arthur is cross-platform and works with all model types, so teams have the freedom to use the deployment frameworks and engines they prefer with the knowledge that they’ll never miss a beat.
Sponsorship
CAN YOUR ORGANIZATION CONTRIBUTE?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. For more information on what we can offer, please contact sales@cefpro.com or call us on +44 (0) 20 7164 6582 where a member of the team will be happy to tailor the right package for you.

16th June 2021
Wei Shi, Chief Risk Officer, Bank of China

An integrated risk management approach towards emerging risks

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
10th June 2021
Paul Huggett, Head of Partner Management, Bank of Ireland

Assessing regulatory changes ahead and the impact on third party and vendor risk management

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
7th June 2021
Libor Krkoska

Defining and understanding the move to green finance and climate sustainability

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
7th June 2021
Charis Papanastasiou, Chief Risk Officer, SIB (Cyprus) Ltd, Sberbank Group

Future of the chief risk office: Developing robust practices with increased digitalization

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
4th June 2021
Atanas Dimov, Head of Credit Risk & Real Asset Investment Risk, Aviva Investors

Gaining a true view of credit risks and identifying non-performing products amidst continued volatility

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
1st June 2021
Terri Duhon, Chair of the Board, Morgan Stanley Investment Management

Monitoring the threat landscape to better understand cyber threats

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
27th May 2021
Soren Agergaard Andersen CeFPro.com

Reviewing the impact of COVID-19 and leveraging lessons learnt as we move forward

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
27th May 2021
Suresh Sankaran

Leveraging funds transfer pricing in an increasingly volatile environment with future uncertainty

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
24th May 2021
Pradyumna Javalekar

Managing financial resilience and understanding impact of volatility and uncertainty

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
21st May 2021
Nasser Fattah, Executive Advisor, System Security Integration, Former Managing Director, MUFG

Managing cyber security risks in a remote working environment internally and across supply chain

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
13th May 2021
Jimi Hinchliffe, Partner, The JADEtc Partnership & NFR Leaders Advisory Board member, CeFPro

Demonstrating resilience and developing business continuity plans in light of recent volatility

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
12th May 2021
Jim Maimone

Payments Innovation Risks

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
6th May 2021

Taking a proactive approach to risk adjusted performance management

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
6th May 2021

Managing increase in liquidity on balance sheets and boosting profitability

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
4th May 2021
Abhisekh Adukia

Integration of model risk management from data through to validation

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
4th May 2021
Victor Lessoff

Designing and implementing an effective internal fraud detection system

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
22nd April 2021
Jeremy Resler, SVP, Director, Third Party Risk Management and Governance, U.S. Bank

Assessing regulatory changes ahead and the impact on third party and vendor risk management

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
20th April 2021
Sean Miles, Head of Risk, Motor Insurers Bureau

Regulatory developments within data privacy and monitoring transfer across borders

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
20th April 2021
Chris Smigielski Model Risk Director Arvest Bank

Maintaining model risk programs and functionality in a stress environment

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
9th April 2021
Phil Masquelette, SVP/CRO, Ulster Savings Bank

Driving profitability in a heavily regulated environment and future regulatory change

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
8th April 2021
Jing Zou, Managing Director, Enterprise Model Risk Management, Royal Bank of Canada

Reviewing model reactions to COVID-19 and capabilities through recovery

The views and opinions expressed in this article are those of the thought leaders as individuals, and are not attributed to CeFPro or any particular organization. […]
6th April 2021
Jeff Simmons, Chief Risk Officer, MUFG Securities (Europe) N.V.

Driving profitability in a heavily regulated environment and future regulatory change

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
1st April 2021
Harsh Singhal Quantitative Analytics Manager / Senior Vice President Head of Decision Science and Artificial Intelligence Validation Wells Fargo & Company

Leveraging AI technology to drive digital transformation and enhance customer experience

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
31st March 2021
James McIntosh, Executive Director, Head of Enterprise Risk Management Programs, CIBC

Robotic Process Automation and Low-Code Applications, perspectives from a citizen developer

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
29th March 2021
Michael Jacobs, Jr., Lead Quantitative Analytics and Modeling Expert, PNC

Model validation methodologies for corporate probability of default (PD) modeling

The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular […]
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Jeremy is NatWest Markets’ Chief Risk Officer, having joined the bank in 2018. He has an extensive experience as a trader and risk manager. His roles in risk management include running regional and global market risk teams at a variety of firms including Commerzbank, UBS, Investec and Nomura, and the role of Chief Risk Officer, EMEA at Nomura since 2015. Jeremy holds a Masters in Economics Cambridge University.
Jeremy is NatWest Markets’ Chief Risk Officer, having joined the bank in 2018. He has an extensive experience as a trader and risk manager. His roles in risk management include running regional and global market risk teams at a variety of firms including Commerzbank, UBS, Investec and Nomura, and the role of Chief Risk Officer, EMEA at Nomura since 2015. Jeremy holds a Masters in Economics Cambridge University.
Søren Agergaard Andersen is the Chief Risk Officer for Nordea Asset Management, the biggest asset manager in the Nordics with more than € 250bn AuM. Søren is responsible for the overall enterprise risk function, managing an international team of risk professionals in Denmark, Sweden and Luxembourg. Before joining the asset management industry, Søren held leading positions within risk in banking and pension/life insurance. One of his main priorities is to define and uphold a strong and yet flexible governance and risk framework, which can support a sound overall risk culture. Søren holds a M.A. in Mathematics and Economics and a PRM certification.
Kimberley brings more than a decade of executive leadership experience in the Governance, Risk and Compliance space, building brand recognition, thought-leadership and revenue-accelerating marketing programs at companies including Thomson Reuters, SAI Global, the Global Association of Risk Professionals, Practical Law Company and Compliant. As part of her role at Aravo, Kimberley develops thought leadership content designed to help third party risk professionals benchmark their programs, share best practice, elevate their conversations to the Board, and build the business case for investment in the development of their programs. Kimberley is originally from New Zealand, and has also lived and worked in London and New York. She now lives in San Francisco, and in her spare time enjoys exploring and al fresco dining with her husband and bulldog.
Louise Waite is the Supply Chain Management & Assurance Director at Lloyds Banking Group. She leads a team of 50, delivering a group-wide approach to supplier risk assessment, supplier assurance and supplier management. Louise and her team maintain an effective Supply Chain Management framework, run a Centre of Excellence for Supplier Management and conduct hundreds of assurance reviews every year. Having spent several years in the IT and Pharmaceutical industries, Louise is enjoying her return to Financial Services where she started her Procurement career.
Jean-Francois Valette is leading Global Third Party Compliance & Risk management at eBay. Jean-Francois is responsible for enhancing eBay’s legal, risk and compliance program around all third parties impacting eBay’s operations and business activities directly or indirectly. He oversees the development and management of a third-party risk management program across the business units; engaging and supporting the management of the controls functions for the company, including Business Ethics Office, Information Security, Resiliency, Compliance investigations and reporting amongst others. Prior to joining eBay, Jean-Francois worked as the Head of Operations for Volkswagen Payments and held the roles of Head of Outsourcing and Global Third Party Compliance and Risk management for PayPal. He also held different positions in the Banking & Asset Management industry, and holds his Law and Investment Management certifications, specializing in regulatory compliance and outsourcing.
Martin Townsend will be speaking at Vendor & Third Party Risk Europe 2021
Sean Titley will be speaking at Vendor & Third Party Risk Europe 2021
Alex is Head of Supply Chain Risk for Lloyds Banking Group (LBG), responsible for ensuring that the supplier onboarding & management frameworks drive effective risk management and regulatory compliance. Alex has worked with LBG for 10 years, and has over 20 year experience in Sourcing and Supply Chain Risk.
An Alumni of De Monfort University & London Metropolitan University, Desmond is a seasoned Third-Party Risk Management Lead as well as a specialist in Supplier Relationship Management. He has worked both in the Public and Private sectors gaining foundational experience at London Underground over a 17 year career. He has also worked for Deutsche Bank, HSBC and now with Vodafone leading on Third Party Risk programme activities.Desmond is married with two children and enjoys travelling.
Daniel Cameron will be speaking at Vendor & Third Party Risk Europe 2021
Dilbagh is a Partner at Fintegral and leads the firm’s UK practice. He specialises in the areas of traded risk and climate risk, helping banks to enhance their analytics capabilities to better identify, quantify and manage current and emerging risks. He has over 20 years of experience in trading, risk management and quantitative modelling at banks and hedge funds, including Credit Suisse, Man AHL and Nomura. Dilbagh holds a degree in Natural Sciences (Physics) from the University of Cambridge.
Vishwas has deep international FS consulting and risk management experience across Europe, US, Middle East and SE Asia.Vishwas has led complex risk transformations for G-SIBS, challenger banks and fintechs in the UK and EMEA, focusing on prudential regulation, capital and stress testing. Vishwas has also led a number of banking authorisations, fintech and Brexit applications and has experience of helping clients deliver to regulatory expectations and their internal performance targets. Vishwas also has experience in thought leadership and eminence, having led a number of conferences, speaker sessions and panel discussions with regulators and industry participants
Charis is a Risk Management generalist with 13+ years of experience in investment and retail banking. He is currently the Chief Risk Officer of SIB (Cyprus) Ltd, Sberbank Group, where he is responsible for developing the Risk Management framework, overseeing regulatory initiatives and driving strategic projects related to risk. His interests include Fintech and innovation in Risk Management. He holds an MBA and a Master’s in Financial Mathematics. He is also a CFA charterholder and a certified Financial Risk Manager.
Stuart Burns currently has the role of Senior Technical Specialist at the PRA, working in the team reviewing and approving IRB models. He has responsibility for aspiring IRB firms. He previously ran the IRB risk weight analysis in the Annual Cyclical Scenario (ACS) stress test, challenging firms’ stressed projections and recommending capital responses. Stuart has over 20 years experience delivering credit risk, stress testing and economic capital models. This includes roles as: Head of Model Validation for S&P Europe. Head of Models for the Rainbow Business at Royal Bank of Scotland. Head of Credit Risk Methodology at Barclays Capital, where he rebuilt the team following the departure of the previous head, and managed all IRB related regulatory issues. Head of Corporate Analytics at HSBC, where he was responsible for Credit Risk Modelling and saw the bank achieve Advanced IRB status. He also introduced credit risk stress testing and economic capital. Head of Economic Capital and Model Risk Management at Standard Chartered Bank, where his responsibilities included building an offshore validation team, and coordination of stress testing across portfolios and risk types. Advanced IRB status was delivered on the strength of these areas.
Over the last 3 years, I have provided trusted advice and guidance to a variety of organisations looking to change their approach to GRC. The organisations I have worked with have often been looking to advance their approach to GRC through the use of modern, intuitive, and insightful technology. My job is to help these businesses and people with this often daunting task, and make it as seamless as possible.
Rob is responsible for New Business Sales and Account Management in EMEA. Based out of our London office, Rob helps guide organisations through the vendor evaluation process, remaining a key point of contact through the implementation process and throughout the ongoing relationship. Rob joined Riskonnect in September 2017 and has over 7 years experience in Governance, Risk and Compliance solutions helping a range or organisations from different industries including Telecommunications, Financial Services, Maritime and Infrastructure Projects, and more, evaluate, select and implement highly successful solutions.
David Cassonnet is Director of Business Development at ActiveViam, leading the creation of new solutons and use cases for the company.In his role, David ensures that the new product features developed by the company's R&D team translate into innovative and actionable use cases that deliver tangible value to the clients' business.With over twenty years of experience in financial markets, David has a double expertise in business development and solutions implementation. Previously he was Managing Director of ActiveViam in APAC where he and his consulting team were involved in several front-office and risk management projects with large local and international banks. David also held several roles at Mysis and Summit Systems.
Benjamin Westwood will be presenting at the 10th Annual Risk EMEA Summit.
Suresh Sankaran will be presenting at the 10th Annual Risk EMEA Summit.
Nigel Milbank is a Cambridge University graduate and Chartered Accountant having trained with Arthur Andersen and Deloitte. Nigel has held audit positions in Schroders and Credit Suisse as an Audit Director, following which he helped set up the Operational risk function and Product Control global assurance at Credit Suisse.Nigel was Director of Enterprise and Operational Risk at Santander UK from 2006 to 2011 and joined RBS in 2012 to run the Group ICAAP function. He has held various stress testing delivery and improvement roles at RBS/ Natwest Group and since 2020 has been Programme Manager on the Climate Programme building climate stress capability and embedding climate financial risk management.
Alistair McLeod will be presenting at the 10th Annual Risk EMEA Summit.
Melissa Longmore will be presenting at the 10th Annual Risk EMEA Summit.
Libor Krkoska will be presenting at the 10th Annual Risk EMEA Summit.
Pradyumna specializes in Market Risk and Counterparty Risk with experience spanning both the Front Office and Risk Management functions at two of the largest global investment banks. In his current multi-dimensional role he is the market risk manager for JPM’s differential discounting desk, the banking book loan portfolio and also is the head of CVA stress testing. He is also involved in developing a climate risk management framework for JPM’s trading book. Outside of work, he is a bit of a musician and is working on his first album.
Jérôme Henry is Principal Adviser at the ECB, in the financial stability area. He led Quality Assurance for SSM stress tests and was a BIS fellow. Originally from the Banque de France, Mr Henry started at the ECB leading its modelling team and thereafter its projection exercise. Mr Henry has a number of research publications, eg the ECB STAMP€ e-book. An ENSAE graduate, he holds an Economics PhD and a History BA from Paris Sorbonne.
Per Hansson is a Director and Head of CCR Exposure Management within Credit Risk Management at Deutsche Bank, responsible for the bank’s IMM and pre-deal exposure models for counterparty credit risk. Per is additionally responsible for capital planning and the bank’s Pillar 2 capital model for credit risk. Previously, Per worked in Market Risk Management for Credit Trading and CVA at Deutsche Bank and JP Morgan and was also a risk manager in JP Morgan’s prime finance business. Per has an MSc in Engineering Physics from Lund University, Sweden.
Atanas Dimov will be presenting at the 10th Annual Risk EMEA Summit.
Ashish Bansal, a certified Chartered Accountant from India, is the Head of Finance & Regulatory Reporting in Union Bank of India (UK) Limited. In his 8 years of industry know-how, his range of experiences span from application of operational aspect of conventions at grassroot, to administering and formulating policy blueprints at the executive stratum. His in-depth technical understanding of banking products and demonstrated cognizance of RBI’s as well as Bank of England’s regulatory governance, adds to his industry’s proficiency.
Yingbo Bai currently heads up the global valuation methodologies team at UBS, where he is also a D&I ambassador . Previously, he worked in a number of quantitative roles at Morgan Stanley and JP Morgan, after starting his career at CICC. Yingbo graduated from Oxford University with MSc in Mathematical Finance and London Business School with Masters in Finance, with undergraduate at Tsinghua University.
Sean Titley will be presenting at the 10th Annual Risk EMEA Summit.
Member of the Fraud Leadership Team across Natwest for 5 years; previous fraud prevention responsibilities have covered various products, customer journeys and fraud typologies. Currently accountable for the overall prevention and strategy of First Party Fraud (covering onbook, mules and application fraud)Previous roles include Operations Manager for Debt Management and Head of Customer Experience for Ulster Bank.
Praveen Singh will be presenting at the 10th Annual Risk EMEA Summit.
Gary Savill is Head of Enterprise Risk for Saga Group and has over 12 years of extensive risk management expertise, working previously in general and medical insurance for AXA UK for 10 years and as Deputy Head of Operations for Sanlam Investment Management for 4 years. Gary is a Chartered Management Accountant, qualifying whilst working for Nestle UK and is also a Specialist member of the IRM and member of the Institute of Management.
Alex Rothwell will be presenting at the 10th Annual Risk EMEA Summit.
Andrea Pozzi will be presenting at the 10th Annual Risk EMEA Summit.
Ozgur Ozel will be presenting at the 10th Annual Risk EMEA Summit.
Vikas Munshi will be presenting at the 10th Annual Risk EMEA Summit.
Diane Menville will be presenting at the 10th Annual Risk EMEA Summit.