Model Risk Management Europe

Aligning global regulations, the role of the three lines of defence and leveraging new technologies

Model Risk Management Europe

20-21 June, 2019 | London

GOVERNANCE
Maximising every operational aspect within internal organization for successful MRM practices

AI/MACHINE LEARNING
Exploring advantages and opportunities to boost decision making effectiveness

GLOBAL REGULATIONS
Exploring different jurisdictions to develop full compliance and efficient business planning

MODEL RISK QUANTIFICATION
Accuracy in monitoring to raise awareness of potential missing risks

MODEL INVENTORY
Studying innovative approaches to achieve timely utilisation of appropriate models

AUDIT
Ensuring effective collaboration within the three lines of defence for total independence of controls

Stuart burns

Stuart Burns
Senior Technical Specialist
PRA

Azar Khurshid

Azar Khurshid
Director, Global Risk Management
Mizuho

Gilles Artaud

Gilles Artaud
Group General Inspection – Supervisor
Crédit Agricole SA

Tanguy-Dehapiot

Tanguy Dehapiot
Head of Valuation Risk
BNP Paribas

Heidi Jenvey

Heidi Jenvey
Head of Risk Modelling
Close Brothers

Andrew Mackay.jpg

Andrew Mackay
Head of Strategy, Model Risk
RBS

Neels headshot

Neels Vosloo
Head of EMEA Regulatory Risk
Bank of America Merrill Lynch

Keith Garbutt

Keith Garbutt
Head of Independent Model Review
HSBC

Rosemarie

Rosemarie Flanagan
Head of Risk Governance & Frameworks
AIB Bank

Slava-120x120

Slava Obraztsov
Managing Director, Global Head of Model Validation
Nomura

Sponsorship

Can your organisation 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.

08:00 registration and breakfast

08:50 Chair’s opening remarks

Jonathan Steele, Sales Manager, SAS

GOVERNANCE PANEL DISCUSSION
09:00 Refining governance practices into BAU for operational effectiveness

  • Impact on validation cycle
  • Three lines of defence models
    • Cultural shifts
    • Skills to perform requirements in each line
  • Using governance as a competitive advantage
  • Providing faster service to businesses to bring product to market quicker
  • Regulatory approval with strong governance
  • Control responsibility

Stuart Burns, Senior Technical Specialist, PRA
Evgueni Ivantsov, Chairman, European Risk Management Council
Keith Garbutt, Head of Independent Model Review, HSBC
Heidi Jenvey, Head of Risk Modelling, Close Brothers

09:50 Measuring model risk across the institution and individual models for effective oversight

  • Expectations and what it’s possible to do across various classes of models
  • Linkage to firm’s risk appetite statement
  • Is aggregate measure of model risk effective?
  • Gap between regulations and practices
  • Expectations across model classes
  • Aggregating uncertainty
  • Treatment of models in isolation

Andrew Mackay, Head of Strategy, Model Risk, RBS

10:30 Morning refreshment break and networking

11:00 Managing the risks of AI

  • Regulatory initiatives
  • Creating a validation framework for AI
  • Handling bias, transparency and explainability
  • Leveraging ML for more efficient model risk management

Jos Gheerardyn, CEO and Co-founder, Yields.io

11:40 Model Risk Management: Bringing glamour to risk through modernisation

  • Highlights from GARP & SAS’ global survey on AI in Risk
  • Insights from SAS’ recent research on the expectations of Model Risk Managers
  • The growing importance of MRM in the era of Machine Learning
  • The impact of new requirements – including BCBS239 and TRIM

Carsten Krah, Business Solutions Manager, Risk & Banking, SAS

12:20 Lunch break and networking

PANEL DISCUSSION
13:20 Discussing latest trends in model risk management

Paul Burnett, Global Head of Traded Risk Analytics, HSBC 
Suman Datta, Head, Portfolio Quantitative Research, Lloyds Banking Group
Andrew Mackay, Head of Strategy, Model Risk, RBS
Naz Jhalli, Deputy Head of Balance Sheet Risk Control, Nordea

AI/MACHINE LEARNING
14:00 Implementation and use cases of AI and machine learning in model risk management

  • Uses for operationalising model risk
  • Educating staff and decision makers
  • Review and governance processes to reflect use
  • Adapting to changing market conditions
  • Sensitivity of construction
  • Testing models and understanding decisions
  • Regulatory expectations

Philipp Rindler, Monitoring, Surveillance, and Operational Risk Model Validation, UBS

14:40 Afternoon refreshment break and networking

15:10 Implementing a three-lines of defence structure specific to model risk management

  • Changing culture to incorporate lines of defence model
  • Changing mindset of first and second line
  • Third line systems and processes
  • Documentation and transparency of development and challenge
  • Practical implementation
  • Designing roles and responsibilities specific to model risk
  • Implementing a consistent model risk management framework

Rosemarie Flanagan, Head of Risk Governance & Frameworks, AIB Bank

VALIDATION – FIRESIDE CHAT
15:50 Validation of traditional and non-traditional models to ensure transparency and oversight

  • Model validation across multiple different regions and legal entities
  • Expansion of the model risk framework scope and validation
  • Different levels of maturity and model-literacy in financial institutions
  • Growth in machine learning and AI models

Dimitrios Asvestis, Head of Treasury and Stress Testing Model Risk Management, Deutsche Bank
 

16:30 Model Risk and Internal Validation: developing the new framework

  • Model definition and perimeter
  • Defining model tiering criteria
  • Role and responsibilities
  • Economic capital buffer

Diego Onorato, Head of Group Internal Validation, Intesa Sanpaolo 

17:10 Chair’s closing remarks

17:20 End of day one and drinks reception

*PLEASE NOTE THIS AGENDA IS SUBJECT TO CHANGE*

08:15 Registration and breakfast

08:50 Chair’s opening remarks

Emmanuel Lesur, HoS, Yields.io

GLOBAL REGULATIONS PANEL DISCUSSION
09:00 Reviewing the global regulatory landscape and requirements across jurisdictions

  • Implementation challenges and shortcomings of BCBS 239
  • Harmonising regulatory change across suite of models
  • Setting clear guidance across the institution
  • TRIM and FRTB
  • SR 11-7 requirements
    • Application to macro data
  • PRA supervisory statement for model risk management for stress testing
    • Requirements for validating stress testing models
  • Single supervisory system in Europe
    • o ECB guidelines and methodology
  • Global alignment of processes
  • Results across regions and legal entities
  • Model reporting requirements
  • Documentation, requirements and supervisory statements

Azar Khurshid, Director, Global Market Risk Management, Mizuho
Keith Garbutt, Head of Independent Model Review, HSBC
Slava Obraztsov, Managing Director, Global Head of Model Validation, Nomura

09:50 The evolution of model risk management processes

  • Development of audit tools
  • Model risk monitoring
  • What model performance is acceptable
  • Aggregation and reporting of model risk
  • Application to stress testing models

Maurizio Garro, Senior Audit Manager, Modelling, Capital Methodologies and Maret Risk, Group Internal Audit, Lloyds Banking Group

10:30 Morning refreshment breaks and networking

11:00 Technological challenges and opportunities in meeting model validation requirements

  • Regulatory expectations and practice on model validation: SR 11-7, TRIM etc.
  • Banks’ model validation challenges
  • Automation of model validation
  • The role of Artificial Intelligence and related techniques in model validation
  • Validation of technological solutions

Neels Vosloo, Head of EMEA Regulatory Risk, Bank of America Merrill Lynch

QUANTIFYING MODEL RISK PANEL DISCUSSION
11:40 Quantifying model risk and aligning with risk appetite to drive strategy

  • Translation into equivalent risk appetite
  • Relying on effective operational metrics for control systems
  • Creating consistent framework in the industry
  • Introduction of performance metrics
  • Quantifying on individual model basis and aggregate
  • Quantification of non-established models
  • Taxonomy position of model risk
  • Economic loss for a model failure
  • Identifying model weaknesses

Suman Datta, Head, Portfolio Quantitative Research, Lloyds Banking Group
Heidi Jenvey,
Head of Risk Modelling, Close Brothers
Gilles Artaud, Group General Inspection – Supervisor, Crédit Agricole SA

12:30 Lunch break and networking

ORGANISATIONAL STRATEGY
13:30 Example of model risk implementation at a retail bank

  • Defining an adequate multi-risk and compliant MRM framework
  • Stakeholder involvement and supervisory expectations
  • Embedding the three lines of defence
  • Model Risk Reporting

Herman Graaff, Head of Model Validation, de Volksbank

MODEL INVENTORY PANEL DISCUSSION
14:10 Effective identification and measurement of model risk for a full view of inventory

  • Model risk identification processes
  • New product processes
  • Reporting to senior management
  • Understanding output and response
  • Governance of identification
  • Ensuring models are understandable, usable and actionable

Tanguy Dehapiot, Head of Valuation Risk, BNP Paribas
Rosemarie Flanagan, Head of Risk Governance & Frameworks, AIB Bank
Naz Jhalli, Deputy Head of Balance Sheet Risk Control, Nordea

15:00 Afternoon refreshment breaks and networking

AUDIT

15:30 Expectations for internal audit: What does a good control environment look like?

  • Comprehensive and effectiveness of practices
  • Coordinating third line with regulators
  • Benchmarking with industry peers for new models set up
  • Independent assessment of control environment
  • Benchmarking practices
  • Auditing model risk
  • Ensuring a complete inventory

Gilles Artaud, Group General Inspection – Supervisor, Crédit Agricole SA

16:10 Challenges and practices of effective existing model landscape maintenance

  • Working effectively and independently from model validation team
  • Managing compliance and new regulatory challenges
  • Effective mitigation of model risks
  • Transparency for external models
  • Handling the issues versus full model redevelopment
  • Effective collaboration with model owner

Darius Grinvaldas, Head of Credit Risk Modelling 1 (PD Maintenance) / GRM Vilnius Site Leader, Danske Bank A/S

16:50 Chair’s closing remarks

17:00 End of Summit

*PLEASE NOTE THIS AGENDA IS SUBJECT TO CHANGE*

Dimitrios Asvestis, Head of Treasury and Stress Testing Model Risk Management, Deutsche Bank

Dimitrios is responsible for Treasury and Stress Testing model risk management, with key areas of focus including IRRBB, CCAR, portfolio stress limits etc. Prior to his current role he was responsible for XVA models and also the team that designed and implemented the key controls and infrastructure around pricing models. Dimitrios joined Deutsche Bank in 2009 and has worked as a developer in Counterparty Credit Risk and Market Risk before joining Model Risk. Prior to joining Deutsche Bank, Dimitrios worked in a consulting company, having graduated with an MSc in Finance from the London School of Economics.

Gilles Artaud
Gilles Artaud, Group General Inspection – Supervisor, Crédit Agricole SA

Gilles Artaud has been working in investment banking for the last 25 years, where he held various positions within Quant, Front Office, IT and Risk Department, working all along on many underlying types, pricing, validation, regulatory and economic capital, market risk and counterparty credit risk topics.

After managing IT and Quant teams in the 1st line of defence (Front Office), he moved to 2nd line of defence (Risk) to lead topics around CCR, XVA, IM and many regulatory topics. He’s now in charge for the 3rd line of defence of Model Audit for Group Inspection in Group Crédit Agricole SA.

 

PB picture
Paul Burnett, Global Head of Traded Risk Analytics, HSBC

Paul is the Global Head of Traded Risk Analytics overseeing model development of risk models across Market Risk, Counterparty Credit Risk and Stress Testing. Paul has over 20 years of modelling experience. First, as a physicist modelling the behaviours of very dense, low temperature plasmas; before moving into Finance where he joined a Model Validation team. Paul then spent 7 years in Model Validation before moving into Risk Model Development.

Stuart burns
Stuart Burns, Senior Technical Specialist, PRA

Stuart Burns is responsible for IRB Model Review at the PRA. He oversees the treatment of credit risk RWAs under the PRA’s Annual Cyclical Scenario (stress testing). He also led the thematic review of rating replicator models for wholesale credit across a number of firms.
Stuart has over 20 years of experience delivering credit risk, stress testing and economic capital models. This includes roles as:
• Senior Director Model Validation at Standard & Poor’s
• Head of Models for the Rainbow Business at RBS
• Head of Credit Risk Methodology at Barclays Capital
• Head of Corporate Analytics at HSBC
• Head of Economic Capital and Model Risk Management at Standard Chartered Bank

Suman Datta, Head, Portfolio Quantitative Research, Lloyds Banking Group

Suman Datta will be presenting at the Model Risk Management Europe Summit

Tanguy-Dehapiot
Tanguy Dehapiot, Head of Valuation Risk, BNP Paribas

Tanguy has studied at Ecole Polytechnique in Paris and is member of the French Institute of Actuaries. He has been working during his entire career at BNP Paribas, starting as a quantitative analyst on derivatives valuation and risk management measures and then creating the Model Risk Team within the Market Risk department that has defined the model control framework and implemented valuation reserves.

He is the Chief Valuation Risk Officer within the Risk department that is involved in all aspects of valuation governance and more specifically model control including accounting and regulatory aspects. He has been working in industry working groups such as the IASB Expert Advisory panel on Valuation, the Basel Committee Accounting Task Force work, the International Valuation Standard Council (IVSC) as well as the AFME working Group on the Prudent value regulation set by EBA. He has been very active in the XVA debates.

Rosemarie
Rosemarie Flanagan, Head of Risk Governance & Frameworks, AIB Bank

Rosemarie Flanagan leads the Risk Governance and Frameworks function within Enterprise Risk Management in AIB Bank. In her current role Rosemarie has responsibility for establishing the Model Risk Management function, including ownership of the Group’s model risk policies and model inventory, oversight of model risk management and model governance. Prior to joining AIB in 2018, Rosemarie worked in model development, governance and credit risk roles in Bank of Ireland, and spent five years in the UK Prudential Regulation Authority where she specialised in Pillar 2, stress testing and model risk reviews of domestic and international banks.

Keith Garbutt
Keith Garbutt, Head of Independent Model Review, HSBC

Keith Garbutt is the Global Head of Independent Model Review at HSBC, helping the team to conduct over 1500 validation projects each year. He joined HSBC in 2018 from Credit Suisse, where he started as head of pricing model validation, developed risk model validation, then created the firm’s overall Model Risk Management function. Keith joined Credit Suisse First Boston in 2004 from Deutsche Bank where he was also head of pricing model validation, following earlier experience at Bankers Trust and Samuel Montagu. Keith holds a Ph.D. and Master of Engineering in Aeronautics and Astronautics, both from the University of Southampton, UK

Maurizio Garro
Maurizio Garro, Senior Audit Manager, Modelling, Capital Methodologies and Market Risk, Group Internal Audit, Lloyds Banking Group

I work as a Senior Audit Manager for Group Internal Audit at Lloyds Banking Group, where I am involved in providing assurance as SME on market and credit models. My background is in Model Risk, Market Risk, Counterparty Credit Risk, Pricing, Liquidity and Stress Testing.

Previously, I have worked in the Development and Validation teams of the FO and Risk departments of top banks and consultancy firms in Europe, U.S. and U.K. for over 16 years.

I have earned my Master Degree in Economics from the Bocconi University of Milano and a certificate in Financial Risk Management from GARP.

I am regular speaker at Risk management events organised by world leading event companies.

Since 2010, I support as mentor start-ups developing products based on AI/ block-chain.

joe - Yields.io
Jos Gheerardyn, CEO and Co-founder, Yields.io

Yields.io Co-Founder and CEO Jos Gheerardyn has built the first FinTech platform that uses AI for real-time model testing and validation on an enterprise-wide scale. A zealous proponent of model risk governance & strategy, Jos is on a mission to empower quants, risk managers and model validators with smarter tools to turn model risk into a business driver.

Prior to his current role he has been active in quantitative finance both as a manager and as an analyst. Over the past 15 years he has been working with leading international investment banks as well as with award-winning start-up companies. He is the author of multiple patents applying quantitative risk management techniques to imbalance markets. Jos holds a PhD in superstring theory from the University of Leuven (Belgium).

herman
Herman Graaff, Head of Model Validation, de Volksbank

Herman Graaff is Head of Model Validation at de Volksbank since 2018. He has worked for the bank since 2013 in several functions within the Risk department. De Volksbank (formerly SNS REAAL) is a retail bank with a focus on retail mortgages and savings accounts in the Netherlands. The Model Validation department has an enterprise wide scope, covering all portfolios and risk types within the Bank.

Darius-5
Darius Grinvaldas, Head of Credit Risk Modeling 1 (PD Maintenance) / GRM Vilnius Site Leader, Danske Bank A/S

I have more than 12 years of experience in financial analysis, equity research and risk management areas. For the last 9 years I have been working in credit risk management area of Danske Bank Group.
My experience includes risk analysis of credit portfolio, IRB parameter estimation and modelling, various other IRB related projects and activities.

Since May of 2017 I am a Site Leader for GRM Vilnius site (around 80 risk management professionals from 19 different teams), in which a number of Danske Bank GRM modelling and risk analysis teams are working together globally with the professionals from Copenhagen and other places of Danske Bank Group.

Since January of 2018 I am heading PD (Rating, Scoring models) maintenance for the whole Danske Bank Group.

Evgueni pic
Evgueni Ivantsov, Chairman, European Risk Management Council

Dr Evgueni Ivantsov is Chairman of the European Risk Management Council and the author of Heads or Tails: Financial Disaster, Risk Management and Survival Strategy in the World of Extreme Risk. He is a member of the Advisory Group on Global Risks of the World Economic Forum and an external advisor to European Investment Bank.
Evgueni has a more than 20-year career in the banking sector working in global and large banks. His most recent role in banking was Head of Portfolio Management & Strategy at Lloyds Banking Group. Prior to this role, he worked at HSBC as a Head of Global Analytics and a Head of Portfolio Risk. Evgueni also worked in senior risk management roles at ING Group and Banque Bruxelles Lambert. In his risk management career, he was responsible for areas like stress testing, risk appetite, capital management, portfolio risk optimisation and risk modelling and analytics.
Dr Ivantsov is also a visiting Professor of Cass Business School (City University, London) and before was a visiting Professor of International Economics at the Boston University and a visiting Professor of Money, Banking and Credit at the United Business Institutes in Brussels.

Heidi Jenvey
Heidi Jenvey, Head of Risk Modelling, Close Brothers

Heidi is an experienced model practitioner, currently Head of Credit Risk Modelling at Close Brothers, covering IRB, IFRS9 and Stress Testing models. Prior to this, Heidi has spent more than 15 years in a range of quantitative risk management roles at banks such as RBS, GE Capital and Santander, across many modelling disciplines and in both the first and second line. Heidi has also worked on two banking licence applications and been responsible for standing up model development and governance functions.

Heidi is an experienced model practitioner, currently Head of Credit Risk Modelling at Close Brothers, covering IRB, IFRS9 and Stress Testing models. Prior to this, Heidi has spent more than 15 years in a range of quantitative risk management roles at banks such as RBS, GE Capital and Santander, across many modelling disciplines and in both the first and second line. Heidi has also worked on two banking licence applications and been responsible for standing up model development and governance functions.

Heidi is an experienced model practitioner, currently Head of Credit Risk Modelling at Close Brothers, covering IRB, IFRS9 and Stress Testing models. Prior to this, Heidi has spent more than 15 years in a range of quantitative risk management roles at banks such as RBS, GE Capital and Santander, across many modelling disciplines and in both the first and second line. Heidi has also worked on two banking licence applications and been responsible for standing up model development and governance functions.

Heidi is an experienced model practitioner, currently Head of Credit Risk Modelling at Close Brothers, covering IRB, IFRS9 and Stress Testing models. Prior to this, Heidi has spent more than 15 years in a range of quantitative risk management roles at banks such as RBS, GE Capital and Santander, across many modelling disciplines and in both the first and second line. Heidi has also worked on two banking licence applications and been responsible for standing up model development and governance functions.

Naz Jhalli
Naz Jhalli, Deputy Head of Balance Sheet Risk Control, Nordea

Naz Jhalli will be presenting at the Model Risk Management Europe Summit

Azar Khurshid
Azar Khurshid, Director, Global Risk Management, Mizuho

Azar has over 10 years of experience in Financial Risk Management. Currently he is the Global Business director for the FRTB and related Regulatory projects at Mizuho. He also manages the current Internal model for Market Risk. Previously he was at Barclays capital for 7.5 years, where he worked with Equity derivatives risk management and risk reporting and also in counterparty credit risk.
Azar has a doctorate degree in Neuroscience and Masters in Computational intelligence.

Carsten Krah
Carsten Krah, Business Solutions Manager, Risk & Banking

Carsten Krah is a former banker who graduated from Ruhr-University of Bochum with a diploma/master of business sciences. He worked for several companies in different countries regarding projects in Basel II/III, liquidity risk management, ALM and IFRS. As risk customer advisor at SAS North-EMEA he is responsible for the successful delivery of solutions that address risk topics for banking.

emmanuel
Emmanuel Lesur, HoS, Yields.io 

Emmanuel is a highly successful global leader with professional sales background and a central member of the executive leadership team.

He has developed a successful global career providing complex Risk and Treasury solutions for Sungard (now FIS) and then Reuters in the UK and North America. For those firms, he then became a Regional manager and then a Global leader, while running the Global Sales team at Smartstream technology. For the last 5 years, Emmanuel has worked in three startups building the business often from ground up. In doing so, he has developed a good understanding of the new dynamics and drivers for its market, but also acquired a good understanding of the new technologies such as AI and how disruptive they can be as well as impacting the way businesses operate.

Emmanuel is an ethical leader, a considerate manager and is moved by mutual beneficial partnership values with his customers.

Andrew Mackay.jpg
Andrew Mackay, Head of Strategy, Model Risk, RBS

Andrew has 15 years of experience in banking, working in recoveries, portfolio debt optimization, as a derivatives trader, and 10+ in risk management and modelling. Andrew joined RBS in 2007 and having started in the credit validation team, then moving to the Central validation team, has spent the past four 4 years developing and embedding the Bank’s Model Risk Framework.  Within Model Risk, Andrew has been integral in designing the evolving framework and is now leading the Model Risk Strategy team, with primary responsibility for delivering a new Model Risk Management System.

Slava-120x120
Slava Obraztsov, Managing Director, Global Head of Model Validation, Nomura

Slava Obraztsov has been Global Head of the Model Validation Group at Nomura since 2007. His previous roles include Global Head of Model Validation at Bear Stearns, Senior Quantitative Model Risk Analyst at Commerzbank and Head of Risk Analytics at ANZ. He was awarded a PhD in Mathematics from Moscow State University and has held a number of academic positions at Russian and Australian universities.

Diego Onorato
Diego Onorato, Head of Group Internal Validation, Intesa SanPaolo

Diego Onorato has over 18 years of experience in the financial industry and is currently Head of Group Internal Validation within the CRO Area of Intesa Sanpaolo.

Previously, as Head of Risk Capital and Policies, he was responsible for Group Risk Appetite Framework, economic capital models and stress testing methodologies, retail, insurance and country risk.

Before that, Diego spent three years in the field of counterparty risk management, leading the counterparty risk team in Intesa-Sanpaolo, developing the internal model, managing the validation process and finally achieving the regulatory validation by Bank of Italy in 2014.

Prior to joining Intesa-Sanpaolo in 2012, he was a Senior Manager in the advisory practice of Ernst & Young, responsible for several projects for Italian and European financial institutions in the field of risk, finance, regulatory and strategic operations.

Diego holds a Degree in Statistics and Economics at Università Cattolica del Sacro Cuore Milano where he achieved the final score of 110/110 cum laude.

Philipp Rindler, Monitoring, Surveillance, and Operational Risk Model Validation, UBS

Philipp Rindler will be presenting at the Model Risk Management Europe Summit

jonathan steele
Jonathan Steele, Sales Manager, SAS

Johnny Steele leads the UKI Banking team at SAS, where he has worked for 21 years. The majority of his time at SAS has been focused on financial services and in recent years, he has worked with numerous UK banks on their model risk management initiatives. SAS is market leader in MRM solutions, with over 50 successful implementations across the globe.

Neels
Neels Vosloo, Head of EMEA Regulatory Risk, Bank of America Merill Lynch

Neels Vosloo is the Head of EMEA Regulatory Risk within Global Markets Risk Management at BAML. Before joining BAML, Neels headed up the Traded Risk Modelling team in Deloitte’s Risk Advisory practice in London. He has worked in risk modelling roles across market and counterparty risk, and has been a Senior Risk Specialist in the Traded Risk Department at the PRA, overseeing the transitions to both the CRD III and CRD IV / CRR regimes, and participating in drafting the first version of the Fundamental Review of the Trading Book (FRTB). Neels hold degrees in Mathematics, Philosophy, and Actuarial Science from the University of Pretoria.

10th June 2019

Climate-linked scenarios and credit risk modelling

By Giorgio Baldassarri, Global Head of Analytic Development Group, S&P Global Market Intelligence
31st May 2019

Challenges and opportunities of model risk reporting

By Herman Graaff, Head of Model Validation, de Volksbank
28th May 2019

Effective model risk and incorporating effective controls to guard against model errors and allow for quick response

By Paul Burnett, Global Head of Traded Risk Analytics, HSBC
20th May 2019

Implementation challenges and short comings of the most recent regulations within MRM

By Azar Khurshid, Director, Global Risk Management, Mizuho International
15th April 2019

Challenges and practices of effective existing model landscape maintenance

By Darius Grinvaldas, Head of Credit Risk Modelling 1 (PD Maintenance) / GRM Vilnius Site Leader, Danske Bank A/S
12th April 2019

Expectations for internal audit: What a good control environment looks like

By Gilles Artaud, Group General Inspection – Supervisor, Crédit Agricole SA
5th April 2019

Effective identification and measurement of model risk for a full view of inventory

By Tanguy Dehapiot, Head of Valuation Risk, BNP Paribas
12th March 2019

Credit risk modeling: Leveraging technology advances for enhanced credit risk modelling

By Shannon Kelly, SVP, Director, Model Risk Management, Zions Bancorp
12th March 2019

Collecting and storing quality data for CECL model requirements

By Shannon Kelly, SVP, Director, Model Risk Management, Zions Bancorp
4th March 2019

Assessment of model risk in the aggregate: Contributions of quantification

By Liming Brotcke, Quantitative Manager, Federal Reserve Bank of’ Chicago & Ray Brastow, Senior Financial Economist, Federal Reserve Bank of Richmond
28th February 2019

Defining and managing qualitative models

By Ximena Zambrano, Head of Qualitative Model Validation, Wells Fargo
14th February 2019

Managing model risk governance to maintain accuracy across lifecycle

By Chris Smigielski, VP Model Risk Director, TIAA 
11th December 2018
Global FinTech Research article size

Center for Financial Professionals announces new FinTech Research and Advisory Board

Senior practitioners across the financial services industry join FinTech Advisory Board for the Global FinTech 250 Report set to be released at the X-Tech 2019 Convention […]
20th September 2018

How to find the remarkable value hiding in CECL compliance data

By John Dalton, Director, Product Strategy Management, Financial & Risk Management Solutions, Fiserv
12th September 2018

Protiviti offers three-part model risk webinar series

2019 Co-Sponsors:

SAS


Through machine learning, natural language processing, forecasting and optimisation, SAS supports diverse environments and scales to meet changing business needs. SAS provides an integrated, enterprise-wide risk-management platform for managing risk in an organisation, from strategic to reputational, operational, financial or compliance-related risk management.

SAS empowers decision makers and users to improve efficiency, transparency and profitability, making it possible to:
• Meet the challenges of expected credit loss modeling for IFRS 9 and CECL
• Make enterprise stress testing less stressful with high-performance risk analytics
• Strengthen risk strategy and oversight through model risk management

Learn more about how SAS is driving innovation and business value for risk and finance professionals at sas.com/risk.

Yields.io


Yields.io is the first FinTech platform that uses AI for real-time model risk management on an enterprise-wide scale.
Our clients use our solution to speed up model validation tasks, to generate regulatory compliant documentation and to industrialize model monitoring. The platform works with all models that are used within the financial sector such as credit risk models, valuation algorithms, market risk, AML, AI and behavioral models.
Yields.io was founded in 2017 by Jos Gheerardyn and Sébastien Viguié. The company is expanding quickly and has offices in Brussels and London. Yields.io has an international portfolio of clients with both investment banks as well as regional financial institutions.

2019 Exhibitors:

CloseIT


CloseIT is a RegTech company which successfully implements solutions in the regulatory reporting and stress testing area.
Our latest product in the field of model governance is based on the experience that we have gained while supporting our customers with various topics in the model development, monitoring, and automation.
The tool is called Model Governance Suite and provides simple access and overview through the entire model portfolio in one place for all the stakeholders.
The essential capabilities of the tool cover the central model catalog, validation, and implementation of workflows, documentation, and central data storage.
Additional advanced features like automatic model monitoring and model tiering can significantly boost the efficiency of your model governance process and enable real-time reporting.
Our model governance suite is a powerful tool which can be easily adapted to your existing corporate methodologies and processes.

PwC


PwC Czech Republic is a member of the worldwide network of firms employing over 250 thousand people in 158 countries. We in PwC strive to build trust and find solutions to important issues within the entire society. We provide high-quality auditing, tax, legal and consultancy services, thus supporting our clients in achieving their goals.

Sponsorship

Can your organisation 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.

Media Partnerships

We are happy to support publications, associations and organisations at this event. From a simple company listing with your logo to taking advantage of some of our sponsor benefits listed above. To discuss a media partnership further please email noshin@cefpro.com or call +44 (0)20 7164 6582.

Venue

Etc Venues – Monument
8 Eastcheap
London
EC3M 1AE
UK

Nearby Hotel Options:
CPD

We are pleased to announce that our courses have been independently evaluated for Continuing Professional Development purposes by The CPD Certification Service. This means our courses comply with universally accepted principles of Continual Professional Development (CPD) and have been structured to meet the criteria of personal development plans.

FAQs

Can I present at Model Risk Management Europe 2019?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at Model Risk Management Europe 2019. For further information on this please contact alice.kelly@cefpro.com or call us on +44 (0) 20 7164 6582.

Are there any rules on the dress code?

Business attire is requested. The Summit is a formal opportunity to network with like-minded professionals and to gain knowledge from the industry’s finest risk management experts.

What is the cost and what is included in the registration fee?

We offer incentives for ‘early bird’ registrants of the Summit, as outlined on our pricing structure. Registration includes breakfast, refreshment breaks, lunches, the cocktail reception at the end of the day, full access to the sessions and exhibition area. Presentations from sessions are also available, subject to speaker approval.

Where can I find the Summit documentation and speaker presentations?

All registered attendees will receive an email with access to documentation and speaker presentations after the Summit* We will work with our presenters to include as many presentations as possible on our Risk Insights App during the Summit. *Please note that our speakers often have to gain permission from their relevant compliance departments to release their presentations. On rare occasions compliance may not allow presentations to be distributed.

Will breakfast, lunch and refreshment be provided?

Yes. As with all of our events the Center for Financial Professionals will be providing brilliant coffee, breakfast, lunch, refreshments, and smaller bites during the networking breaks.

Will there be opportunities to network with other attendees?

There are ample opportunities for networking and interaction throughout the Summit, such as

  • Breakfast, lunch and refreshment breaks
  • Cocktail reception at the end of the day (Subject to confirmation)
  • Q&A, panel discussions and audience participation technology available through the Risk Insights App

I have several colleagues that would like to attend, is there a group discount?

Certainly! We are pleased to offer you a 50% discount on the third registration or provide a fifth registration for free. If you would like to register more than five colleagues please contact us on +44 (0) 20 7164 6582 Please note:

  • Registrations must be made at the same time
  • Registrations must come from the organisation
  • The lowest registration will be discounted
Are there opportunities to share my thought-leadership at Model Risk Management Europe 2019?

Yes there are plenty of opportunities for the Center for Financial Professionals to share thought-leadership to the attendees of Model Risk Management Europe 2019 and our wider risk professionals community. At the event We can distribute your material to the attendees, offer you an exhibition booth, and provide speaking opportunities so that you may enjoy a more prominent presence at the Summit. Visit the Sponsor tab for further information or contact sales@cefpro.com / +44 (0) 207 164 6582. Risk Insights Feature your content on our Risk Insights website and supporting Risk Insights monthly newsletter. For further information please download our media pack here.

Are media partnerships available for Model Risk Management Europe 2019?

Yes. As part of a media partnership we can offer a variety of options to increase the branding and awareness of your association, company, certificate, publication or media. We are flexible with what we can offer however we usually:

  • Provide a discounted rate to attend
  • Place your logo and profile on the Summit website
  • Place your logo on the Summit brochure
  • Place your logo on promotional content where applicable
  • Distribute your media/marketing at the Summit
  • Promote through social media channels

To discuss this further please contact noshin@cefpro.com or call +44 (0) 20 7164 6582.

Early Bird

£999*

Until 7 June

Save £400

Standard Rate

£1,399*

After  7 June

*All rates are subject to UK VAT

Group Bookings:

Group rates are available for 3 or more attendees from the same organisation, when registering at the same time. The current rate allows every third colleague to come along for half price or a fifth colleague to attend for free!

Other Ways to Register

1. Register by Email

Simply email us with your e-signature
we will do the rest for you!

We only need your:
– Full name
– Job title
– Company & address
– Contact number

2. Contact Us Directly

+44 (0)20 7164 6582

3. Download PDF Registration Form

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