5th Annual New Generation Operational Risk

Exploring the evolving role and scope of operational risk management in today’s dynamic landscape

5th Annual New Generation Operational Risk: Europe 2019

 London, Tower Guoman Hotel | 12-13 March 2019

KEY TOPICS INCLUDE:
DAY ONE:

RESILIENCE | FUTURE OF OPERATIONAL RISK | EMERGING RISK REGULATION | CHANGE / EXECUTION RISK | CONDUCT RISKCYBER RISK

DAY TWO STREAM ONE: BUSINESS MANAGEMENT

GOVERNANCE | RISK APPETITE


BUSINESS CONTINUITY | VENDOR RISK


CONTROLS | LIBOR | CAPITAL

DAY TWO STREAM TWO: EMERGING TECHNOLOGY

ROBOTICS | AUTOMATION | FINTECH


DLT / BLOCKCHAIN | OPEN BANKING


DATA PROTECTION | FRAUD & AML

Dora Grant

Dora Grant
CRO
United Bank

Karen Frazer

Karen Frazer
Head of Retail Governance & Control COO Retail & Business Banking
Santander

Nick Kitching

Nick Kitching
CRO
Swiss Re

Paul Dyer Headshot

Paul Dyer
– Head of Operational Risk, Compliance and Risk Review
FCA

Vinaya

Vinaya Parvate
Global Head – Fraud Risk Oversight
Citi

Alistair Nunn

Alistair Nunn
CRO Barclays UK Ventures
Barclays

Andrew Sheen Headshot

Andrew Sheen
Head of Operational Risk Regulatory Advisory
Credit Suisse

Lewis Cox

Lewis Cox
Head of Fintech Risk
Deutsche Bank

08:00 Registration and breakfast

08:50 Chair’s opening remarks

REGULATION – PANEL DISCUSSION
09:00 Managing the volume of regulatory change and incorporating into business as best practice

  • 4th and 5th money laundering directive for AML
  • Impact of PSD2 and compliance across jurisdictions
  • GDPR and data privacy
  • Cyber risk
  • Enhancing safety and sustainability of the environment
  • Managing priorities
  • Using regulation as best practice not just a tick box

Catherine Keane, Head of Bank and Country Risk, Bank of Ireland
Andrew Sheen, Head of Operational Risk Regulatory Advisory, Credit Suisse
Gerard Yoh, Director, Operational Risk and Conduct, Societe Generale

RESILIENCE
09:50 Building operational resilience in the finance sector: outlining the key points raised in a discussion paper, published by the Bank of England, PRA and FCA

  • Identifying business services, setting board-approved impact tolerances and planning on the assumption that disruption will occur as well as seeking to prevent it
  • Challenges for operational resilience: Cyber environment and technological changes
  • Recent disruptive events illustrate the vital need for operational resilience
  • Cyber-attack, failed outsourcing or technological change could impact financial stability by:
    • Risk to the supply of vital services on which the real economy depends
    • Threatening the viability of individual firms and FMIs
    • Causing harm to consumers and other market participants

Paul Williams, Senior Technical Advisor, Bank of England

10:30 Morning refreshment break and networking

CHANGE/EXECUTION RISK
11:00 Effective management of execution and change risk in a rapidly evolving landscape

  • Limitations of legacy architecture and getting through multiple platforms
  • Remaining agile whilst protecting customers and conduct risk
  • Making changes with legacy architecture vs. FinTech new infrastructure
  • Agile change technology to stay ahead
  • Ensuring robust risk oversight
  • Making sure risk is included in the process

Paul Dyer, Head of Operational Risk, Compliance and Risk Review, FCA

EMERGING RISK PANEL DISCUSSION
11:40 Reviewing the structure of the operational risk function including the ability to cope with emerging risk

  • Managing unknowns
  • Cyber & technology: Sustaining and adapting controls as new technologies emerge
  • Fraud & AML
  • Scenario analysis, resilience and war games to test coping
  • Future outlook

Vinaya Parvate, Global Head – Fraud Risk Oversight, Citi
Carlos Martin, Risk Director, NatWest Markets
Gerard Yoh, Director, Operational Risk and Conduct,  Societe Generale
Gary Savill, Head of Risk,  Saga Services

12:30 Lunch break and networking

CONDUCT RISK
1:30 CeFPro international conduct risk survey

Andreas Simou, Head of Events and Commercial Director, CeFPro
Manoj Kulwal, Co-Founder and Chief Risk Officer, RiskSpotlight

CONDUCT RISK
1:45 Increasing emphasis on management of conduct risk to ensure internal and external compliance

  • Increased emphasis from regulators
  • Does conduct risk sit within operational risk?
  • Limiting operational events including internal fraud
  • Tone from the top
  • Impact of senior managers regime
  • Retail and wholesale conduct
  • Policy and checks in place to ensure customers are treated fairly

CONDUCT RISK MODELLING
2:25 Conduct Risk Modelling: What works and what doesn’t!

  • Characteristics of conduct risk losses
  • Why distributional models fail, but succeed for non-conduct risk losses
  • What happens if you partition the largest loss uniformly
  • The Pseudo Marginal method: Partitioning that works
  • Wider issues: Will we need this type of model in the future?

Peter Mitic, Head of Operational Risk Methodology (UK) and Honorary Professor, Dept. of Computer Science, UCL,  Santander UK and University College London

CYBER RISK
3:05 Increasing cyber risk management and resilience to mitigate the ongoing threat landscape

  • Standardisation in management across the industry
  • Constant monitoring
  • Mitigating the ongoing threat
  • Function units and robust controls to push back attacks and risk
  • Vulnerability and threat assessments
  • Impact of cloud services on threat assessment
  • Political tensions between countries increasing threat of hack
  • Increase in innovation and new players coming into the market
    • Mitigating or introducing new risks?

Nick Kitching, CRO, Swiss Re

3:35 Afternoon refreshment break and networking

INDUSTRY EVOLUTION
4:05 Reviewing the challenges and constraints associated with changes in operations and how the industry is adapting

  • Strategy, controls and business profiles
  • Changes in technology
  • Architecture of systems
  • Regulatory and public sector perspective
  • Role of risk managers
  • New risk landscape

Francis Gross, Senior Advisor, ECB

FUTURE OF OPERATIONAL RISK – PANEL DISCUSSION
4:45 The future of operational risk: Defining the remit and role of the operational risk manager and department of the future

  • Technical expertise across broad frameworks
  • Practices across the industry on combining risk disciplines
  • How the role of the operational risk manager is evolving
  • Mandate of operational risk from a board level
  • Looking at external events and monitoring external triggers
    • Proactive response to be more forward looking
  • Demonstrating value to secure resources for operational risk
  • Competitive market increasing risk
    • Ensuring products and launches are ready for the market

Selene Malkin, Head of Operational Risk, Commercial & Private Banking, RBS
Bobby Charalambous, Head of Operational Risk Europe, ANZ Banking Group
Irina Davies, Head of Operational Risk and Control EMEA Branches, JP Morgan

5:35 Chair’s closing remarks

5:45 End of day one & networking drinks reception

08:15 Registration and breakfast

08:50 Chair’s opening remarks

ENTERPRISE RISK MANAGEMENT
09:00 Discussing the ability to create an enterprise risk management framework to form a holistic view of risk within the business

Integration with other risk
Risk appetite: Cyber, vendor etc
Articulating governance
Combining approaches and management
Future outlook

Dora Grant, CRO, United Bank

GEOPOLITICAL RISK – PANEL DISCUSSION
09:40 Monitoring global geopolitical risk and impact on future outlooks and regulatory change

Impact of Brexit on operational risk
Entity structure: Creating new legal entities in different countries
Ensuring controls post Brexit are fit for purpose
Is the industry prepared for different scenarios in political environment?
Identification, monitoring and mitigation of geopolitical risks
Forecasting impact on risk profile
US administration – Overhaul of regulatory regime
Progression across different markets

Bobby Charalambous, Head of Operational Risk Europe, ANZ Banking Group
Marike Dokter, Director, Internal Audit, Barclays
Richard Chenga-Reddy, Global Head of Regulatory Affairs, Standard Chartered Bank

 

10:30 Morning refreshment break and networking

STREAM ONE: BUSINESS MANAGEMENT

STREAM TWO: EMERGING TECHNOLOGY

RISK APPETITE
11:00 Using risk appetite as a management tool and reporting at a useable level

  • Developments in risk appetite
  • Balancing detail in reports to explain parameters
    • Pitching at a useable level: What can be digested, remembered and accessed
  • Using beyond regulatory compliance
  • Articulation of different types of appetite
  • Reporting risk appetite and tolerances
  • Back end reporting and embedding risk appetite statements

Simon Cartlidge, Head of Operational Risk Governance, Legal & General

FINTECH
11:00 Exploring the risks and responses associated with financial technology using public examples from Deutsche Bank

  • FinTech risk management overview: Engagement model, regulatory interaction, culture issues from risk divisions and strategy formation
  • Blockchain and DLT (High-level risks driven by business model shifts and challenges to existing framework)
  • AI and ML
  • Open Banking
  • Key messages and take always: Three lines of defence, Shift in relationship with FinTech and challenging your own risk framework

Lewis Cox, Head of FinTech Risk, Deutsche Bank

GOVERNANCE PANEL DISCUSSION
11:40 Governance and internal alignment across institutions for end to end programme management

  • Incorporating a holistic and consistent approach across entities
  • Process management realities and process standards
    • Maintaining reliance on assurance controls
  • Process vs. enterprise management
    • Adding value to the business as risk and support functions
  • Adjustments required from risk function with increase in technology uptake
  • Making sure information presented to committees is relevant and interesting

Karen Frazer, Head of Retail Governance & Control COO Retail & Business Banking, Santander
Freek van Velsen, Head ORM Retail & Private Banking, ABN AMRO
Dora Grant,
CRO, United Bank

TECHNOLOGY RISK PANEL DISCUSSION
11:40 Developing IT resilience with continual advances and increase in technology and IT risk

  • Digitalisation of processes impact on traditional operational risks
  • Moving customers from face to face interaction to digital platforms
  • Incorporating digital risk scenarios into operational risk assessments
  • Changing consumer behaviour increasing cyber and operational risks
  • EBA guidelines on IT risk

Laura David, Head of Operational Risk Controlling, Raiffeisen Bank
Matt Glover, Head of Transformation, Unity Trust Bank

12:30 Lunch break and networking

CONTROLS
1:30 Ensuring robust controls testing and monitoring infrastructure and aligning frameworks to increase efficiency

  • Ensuring scenarios, incidents and RCSA fit together
  • Quantifying and aggregating risks
  • Identifying and providing oversight of key controls in a global structure
  • Changes in internal controls with increase in technology
  • Control testing across lines of defence
  • Using as a value-added tool
  • Principles in place to ensure controls are consistent and effective

Sean Miles, Head of Operational Risk, Santander

ROBOTICS
1:30 Practical application of AI and machine learning in operational risk whilst balancing innovation with security

  • Uses for compliance: Ensuring compliance with regulations
  • Avoid bias in decision making
  • Auditing AI and Machine Learning outcomes
  • Strategic partnerships and use of data
  • Reliance on people programming
  • Implementing AI in a proper and managed way whilst satisfying duty to customers
  • Ethical considerations: Should AI be reading into personal life
  • How algorithms interact with other algorithms

VENDOR RISK PANEL DISCUSSION
2:10 Reviewing the risk of vendor and third party risk to effectively monitor and manage all outsourced activity

  • Reversibility plans for outsource providers
  • Integrating activity into identification and measurement processes
  • Monitoring and managing the relationship in an operational risk framework
  • Accountability on financial institutions not third parties
  • Control objectives expectations and requirements of third parties
  • What role does operational risk play in managing third parties

Irina Davies, Head of Operational Risk and Control EMEA Branches, JP Morgan
Shahid Hussain, Associate Director,  EBRD (European Bank for Reconstruction and Development)

FINTECH PANEL DISCUSSION
2:10 Reviewing FinTech pitfalls and opportunities and utilising infrastructure to increase agility

  • FinTech development with API offering
  • Partnerships between banks and FinTechs
  • Ensuring the quickest, most accurate and safest service
  • Regulatory perspective on collaboration
  • Operational risk concerns of new ventures and advancing technology
  • Utilising sandbox environment to test relationships and outcomes

Alistair Nunn, CRO Barclays UK Ventures, Barclays
Lewis Cox, Head of FinTech Risk, Deutsche Bank

3:00 Reviewing expectations for treatment of supply chain with increase in regulatory expectations

    • Regulatory expectations
      • Detailed and prescriptive
    • Displaying to committees and senior management
    • KRI and KPI associated with risk of outsourcing
    • Categorising vendors and monitoring performance
      • Aggregating into a report and sharing
    • Supply chain management
      • Who does your third party rely on?

CRISIS MANAGEMENT
3:00 Exploring the ability to effectively identify and manage technology risk and create a sustainable crisis management plan

  • IT breakdown/breaches and failure
  • Cyber attacks
  • Building resilience
  • Initial response
  • Action plans

Niels Kaas, Chief Operational Risk Officer, Head of Risk and Security, Danmarks Nationalbank

3:30 Afternoon refreshment break and networking

BUSINESS CONTINUITY
4:00 Ensuring effective and actionable BCM processes to limit exposure to threat

  • Ensuring continuity management processes are in place
  • Impact of terrorism threats
  • Time to action
  • Increase in technology advances increasing risk
  • Reputation repercussions if systems are down

Shahid Hussain, Associate Director, EBRD (European Bank for Reconstruction and Development)

OPEN BANKING
4:00 Reviewing the impact of PSD2/open banking on the industry and future trends on the horizon

  • Impact on business models
  • Keeping check of where data is being used
  • System preparedness with increase in volume through API
  • Applying controls to someone acting on your behalf
  • Siri and Amazon Echo open banking licenses – impact on banks
  • Including risk taxonomy in control assessments

Laura David, Head of Operational Risk Controlling, Raiffeisen Bank

LINES OF DEFENCE
4:40 Unmasking the lines of defence: Increasing communication and harmonisation across the lines

  • Divide between first and second line
  • Separate operational risk functions
  • Expertise in the first line to own risk
  • Product risk and tracking unexpected high returns
  • Ensuring clear responsibility
  • Control testing
    • o How testing should be undertaken and what should be looked at

Freek van Velsen, Head ORM Retail & Private Banking, ABN AMRO

FRAUD AND AML
4:40 Reviewing the shifting landscape of fraud risk and the role of technology / cyber risk in fraud

  • Using machine learning to detect fraud patterns
  • Device and location detection to detect inconsistencies
  • Increasing efficiency and limiting false positives
  • Detecting and preventing upfront

Vinaya Parvate, Global Head – Fraud Risk Oversight, Citi

5:20 Sustainable operational risk management

  • Implementing flexible change
  • Macro changes in the regulatory environment
  • Knowledge retention
  • Costs and functional team
  • Plattforms and automation
  • Case studies: MiFIDII & Brexit implications in a global WM business

Beate Born, Executive Director, Risk Management, UBS

DLT/BLOCKCHAIN
5:20 Establishing operational risks and controls for use of blockchain/DLT as the industry explores potential uses

  • Sovereign identity
    • Using blockchain and DLT to create unique online IDs
  • GDPR implications
  • Creating a more secure and tokenised identity data storage
  • Tokenisation process: Operational risks and controls
  • Data issues if information on the chain is incorrect from the outset
  • Overlaying processes to other players in the market
  • RCSA on future outlooks

Alistair Nunn, CRO Barclays UK Ventures, Barclays

6:00 Chair’s Closing Remarks

6:10 End of Summit

Beate Born - LI
Beate Born, Executive Director, Risk Management, UBS

Beate Born is an Executive Director in Risk and Regulatory Management at UBS Wealth Management. As an expert in regulatory change and program management, she has led the Global MiFID II Program across all international UBS Wealth Management locations for the past two years and is now moving on to the Brexit program. In total, she has 14 years of experience in the financial services industry in Switzerland, Europe and Asia. Amongst others, Beate worked for the Swiss consultancy Malik Management Zentrum St. Gallen and had her own regulatory implementation practice before joining UBS. Academic degrees include an MBA from Clark University, a DESS from the Sorbonne, an executive diploma from the Swiss Finance Institute and a certificate of advanced studies in Financial Market Regulation from the University of Zürich.

Simon Cartlidge Headshot
Simon Cartlidge, Head of Operational Risk Governance, Legal & General

Simon is L&G Group’s Head of Operational Risk Governance. He has spent 18 years with the organisation, previously holding a variety of senior risk management roles in the retail investments and banking business units. Simon worked on L&G’s Solvency II programme, focusing on the Pillar 2 workstream and leading the phase 1 IMAP Submission. Immediately prior to his current role, he was responsible for governance arrangements over the Group’s Internal Model. Prior to L&G, Simon worked for Bradford & Bingley Building Society, as Credit Risk Manager in their retail mortgage business.

BCCROPPHOTO
Bobby Charalambous, Head of Operational Risk Europe, ANZ Banking Group

Bobby Charalambous is Head of 2ndline Operational Risk Europe at ANZ based in London, a position she has held for the past 4 years. Previous to this Bobby helped set up the Global Markets Middle office in London which she ran since joining the bank in 2011.  Prior to this Bobby held a number of Global Markets Middle and Back office positions at various Banks including Dresdner Bank and Commerzbank with her speciality being FX, FX Options and Precious Metals.

Most recently, Bobby project led the successful implementation of GDPR for ANZ Europe and is now global Brexit co-project coordinator.

Richard Chenga Reddy
Richard Chenga-Reddy,Global Head of Regulatory Affairs, Standard Chartered Bank

Richard Chenga-Reddy will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Lewis Cox
Lewis Cox, Head of Fintech Risk, Deutsche Bank

Lewis Cox will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Laura David Headshot
Laura David, Head of Operational Risk Controlling, Raiffeisen Bank

My Background in operational risk started 10 years ago when I decided to take an important step in my professional path and do risk management. During these 10 years I succeed to gain valuable experience in dealing with operational risk from implementing the base of operational risk in Raiffeisen Bank Romania, obtain local regulatory approval for using STA and then moving to AMA. In this period my first objective was to be a partner for my colleagues from business and process management and together add value to the organization. This would not be possible without being involved and understand in depth the bank activity from project to product and then process management. Now the new focus is on IT risk management and digitalization as new challengers for the operational risk environment.

Irina Davies
Irina Davies, Head of Operational Risk and Control EMEA Branches, JP Morgan

Irina Davies will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Marike Dokter Headshot
Marike Dokter, Director Internal Audit, Barclays

Marike Dokter started working for ING Group Operational Risk Management in 2003. She had joined ING in 1999 as an IT information analyst. Marike has been involved in a wide variety of processes such as OpRisk systems, MI design, Board Reporting, OpRisk policies, and conformance reviews. She was Head Operational Risk for ING Insurance Central & Eastern Europe, prior to leaving for a career in the UK in 2010. She worked at Credit Suisse in London as head OpRisk Loss Collation. She moved to Compliance for the FATCA project and went back to OpRisk to manage the capital scenario workshops. In 2013 she changed jobs for a role in the third line at Barclays Internal Audit. In 2016 Marike became head of the Internal Audit Operational Risk team and is responsible for the audit coverage of the OpRisk framework in Barclays.

Paul Dyer Headshot
Paul Dyer, Head of Operational Risk, Compliance & Risk Review, Financial Conduct Authority

Paul has expertise in developing regulatory, risk and innovation practices for organisations, having lead transformations for Regulators, Insurers, Banks, Pensions, FX and Investment firms.

Paul has leadership experience from performing Risk & Compliance, Operational and Commercial roles for large and small organisations, as well as also establishing his own successful consultancy, which was shortlisted for Consultancy of the year by the Institute of Risk Management.

Paul joined the Financial Conduct Authority at the end of August 2017 to lead the Operational Risk, Compliance and Risk Review teams. Prior to this, as well as running his own business, Paul led the Association of Professional Compliance Consultant (APCC). Paul remains an Expert Advisor in Regulatory Risk for the Bar Standards Board, who regulate Barristers in the UK.

Paul is a certified member of the Institute of Risk Management, has two business degrees (including one from the Ecole Superieure de Commerce in Bordeaux, France) and a Masters degree with distinction in Innovation, Creativity and Leadership from CASS University.

Karen Frazer
Karen Frazer, Head of Retail Governance & Control COO Retail & Business Banking, Santander UK plc

Karen Frazer will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Matt Glover
Matt Glover, Head of Transformation, Unity Trust Bank

Matt Glover is the Head of Transformation at Unity Trust Bank. He is responsible for the Bank’s change agenda and is responsible for developing a scalable operating model across the business. Matt has over 15 years of experience within banking including Islamic banking and the use of cloud technologies.

Dora Grant
Dora Grant, CRO, United Bank

Dora Grant will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Francis Gross- LI
Francis Gross, Senior Advisor, Former Head of Division, External Statistics, ECB

Francis Gross is Senior Adviser in the Directorate General Statistics of the European Central Bank. His interests include developing vision and strategy for overcoming the dual disruption of rapid globalization and digitization, as well as designing and driving the implementation of concrete, feasible measures with transformational power to ultimately deliver measurement tools effective at the scale and speed of today’s finance, especially in a crisis. The underlying strategic credo to achieve that goal is that authorities and the private sector must work together to make the world more measurable by building global data standards and data infrastructures. His immediate focus is on the “real world – data world” interface, primarily object identification. He serves on the Regulatory Oversight Committee of the Global LEI System (GLEIS) and has been instrumental in the emergence and development of the GLEIS. Prior to the ECB, Francis spent fifteen years in the automotive industry, eight of which at Mercedes, working mainly on globalisation, strategic alliances and business development. He holds an engineering degree from École Centrale des Arts et Manufactures, Paris, and an MBA from Henley Management College, UK.

Shahid
Shahid Hussain, Associate Director, EBRD (European bank for reconstruction and development)

Shahid Hussain will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Niels Kaas
Niels Kaas, Chief Operational Risk Officer, Head of Risk and Security, Danmarks Nationalbank

Niels Kaas will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

NEW HEADSHOT
Catherine Keane, Head of Bank and Country risk, Bank of Ireland

Catherine Keane BSc MBA – Head of Bank and Country Risk, Bank of Ireland. Catherine was appointed to her current role in July 2010. She was previously Head of Credit and Market risk in the bank’s Global Markets division. Prior to moving into risk in 2002 Catherine held front line dealing roles in both the Trading and Sales areas in Global Markets, primarily in the structured products area and spent several years in Corporate Lending in the RBS and BOI group. She is very familiar with risk in complex instruments.

Catherine has lectured on a number of subject areas in a variety of institutions including the Institute of Bankers and Dublin City University and is currently lecturing on the Masters in Risk Management programme in Trinity College Dublin, which is the highest ranked university in Ireland.

In recent years Catherine has spoken at various industry conferences including GARP. CFP, Risk, Marcus Evans and GLC on a variety of risk related topics

Nick Kitching
Nick Kitching, CRO, Swiss Re

Nick Kitching will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Manoj_Kulwal_
Manoj Kulwal, Co-Founder and Chief Risk Officer, RiskSpotlight

Manoj Kulwal is passionate about utilising risk management as a business management tool for designing effective business strategy and successfully implementing the selected strategy. He has been involved in development of the international risk management standard ‘ISO 31000’ and in development of ‘Certificate of Operational Risk Management’ offered by The Institute of Operational Risk. He has trained more than 1,000+ operational risk management practitioners from financial services firms globally over the last 5 years. He is currently the Co-Founder and Chief Risk Officer at RiskSpotlight. At RiskSpotlight, he leads the team that developed the world’s first forward-looking operational risk news service – RiskSpotlight Portal.

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Selene Malkin, Head of Operational Risk, Commercial & Private Banking, RBS

Selene Malkin will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

Carlos Martin pic
Carlos Martin, Risk Director, NatWest Markets

Carlos Martin FRM Msc BBA is a Risk Director at RBS NatWest Markets focusing on Oversight of Front Office including Algorithmic Trading, Unauthorised Trading and Model Risk. Carlos has 22 years’ Investment Banking Experience across also Morgan Stanley, Canadian Imperial Bank of Commerce, BNP Paribas, UBS and EY in Structured Products Trading, Computer Coding, Tech Projects, Finance, Middle Office, and Audit.

He is a member or collaborates with International Associations including the Council for International Securities and Investment (CISI), the Professional Risk Managers International Association (PRMIA), the Global Association of Risk Professionals (GARP) and Risk.Net in Exam Writing, Syllabi, Contents, Courses and Conferences.

Carlos is a certified Financial Risk Manager, holds a Master of Science in Finance by the University of Syracuse, New York, a Bachelor of Business Administration by the Universidad Autónoma de Madrid, and other Academic Qualifications including in Economics by UNED and Computer Programming by the University of Westminster.

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Sean Miles, Head of Operational Risk, Santander Services

Head of Operational Risk for Santander Services within Santander UK plc with 20 years’ experience of risk and assurance oversight. For the last 14 years I’ve focused on retail banking products, services and channels.

I trained as an accountant with Andersens in Birmingham and Melbourne and worked there as an internal auditor. I also worked as an internal auditor and senior operational risk manager with Barclays before joining Santander in 2011.

PM3
Peter Mitic, Head of Operational Risk Methodology (UK) and Honorary Professor, Dept. of Computer Science, UCL, Santander UK and University College London

I am Honorary Professor in the Department of Computer Science at University College London, and Head of Operational Risk Methodology at Santander Bank, UK. In the 1970s I studied mathematics at Oxford University, and later gained a PhD from the Open University, where I researched object-oriented modelling techniques with computer algebra. Following some years as a lecturer in mathematics, I have been working on risk-related projects in major banks in the UK and the Netherlands for more than twenty years. Most recently my main activities have been to develop new statistical techniques in operational risk, and to formulate a framework for measuring and investigating the statistical properties of reputational risk. During the past few years I have spoken at conferences numerous times, and have published papers and book chapters on risk-related topics. I am always looking for interesting things to investigate: you never know when they are going to turn up. Sometimes they are not immediately useful. That does not matter: they are there and I follow them!

Alistair Nunn
Alistair Nunn, CRO Barclays UK Ventures, Barclays

Alistair has over 20 years experience working in the financial services sector for top-tier institutions. He has worked across Investment Banking, Structured Finance, M&A, Retail, Corporate and infrastructure areas, covering all aspects of governance, control and risk management. He has specialised in Operational Risk for the last 15 years, implementing practical enterprise risk management frameworks in both front office supervision and second line Operational Risk roles.

Alistair has held a number of senior roles at Citi, including Head of Risk Management for Global Banking, covering Europe, Middle East and Africa and at Barclays Bank including Head of Operational Risk for Barclaycard and Group Functions. He is currently the CRO for Barclays UK Ventures which is focused on driving innovative growth through the identification, incubation and scaling-up of potentially transformational new business lines and business models for Barclays.

Vinaya
Vinaya Parvate, Global head fraud risk oversight for institutional clients, Citi

Vinaya is the Global Head of Fraud Risk Oversight for the Institutional Client business at Citi. She is
responsible for assessing the current strategy and execution of the Fraud Risk Management discipline
across the businesses globally; and agreeing the necessary actions with the 1 st line partners to ensure
adherence to the policy and framework. Her team works closely with risk colleagues in the regional and
business risk teams and other key stakeholders in Corporate Security & Investigative Services, and
Information / Cyber Security in maintaining a robust management of fraud risk through policy compliance,
improvements in technical infrastructure and operational excellence.

She holds an MBA from IIM, Ahmedabad, and a Bachelor’s degree from SNDT University, Mumbai. Vinaya
was a member of the India Diversity Council and was the co-sponsor of the first Citi Women’s network in
Asia. She has been mentoring young professionals, both in and outside Citi. She also has an active interest
in community building initiatives and was a mentor to Swadhaar and Katalyst, two not-for-profit
organizations that receive financial support from Citi Foundation in India. Since her move to UK in mid-
2017, she is a mentor with the Citi London Pride Network, and helping raise funds for Haven House, Citi
UK’s charity of the year for 2017.

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Gary Savill, Head of Risk, Saga Services

Gary Savill is Head of Risk for SAGA Services, recently moving from AXA PPP healthcare where he was Head of Operational Risk for over 10 years. Gary been instrumental in developing and embedding the Risk Framework for AXA PPP and meeting the internal model requirements for operational risk capital under Solvency II. Gary is a Chartered Management Accountant and Specialist Member of the IRM where he holds a number of risk management qualifications. Prior to this, Gary worked in Investment Management as Deputy Head of Operations, International Director for a healthcare staffing business and spent several years working for Nestle, the global food manufacturer.

Andreas Simou Head shot
Andreas Simou, Head of Events and Commercial Director, CeFPro

Andreas Simou is the managing director for CeFPro, Centre for Financial Professionals, an international research and events organisation, specialising in the area of finance and financial risk management.

Andreas has over 20 years’ experience in the events industry, including ten years at GARP, where he built their conferences and events business in Europe, APAC and North America, as well as being Commercial Director in other event sectors, such as oil and gas in Europe and the Americas.

At CeFPro, Andreas oversees all event activities, publishing and the newly formed venture, the surveys and reports, including the FinTech250 and international Operational Risk rankings and reports.

Andrew Sheen Headshot
Andrew Sheen, Head of Operational Risk Regulatory Advisory, Credit Suisse

Andrew is a non-Executive Director of the Institute of Operational Risk and a member of the England and Wales Chapter’s Executive Board. He is also Head of the Operational Risk Regulatory Advisory function at Credit Suisse having moved from HSBC. Andrew is probably best known for his work at the FSA and subsequently the PRA. During his time at the FSA and PRA Andrew managed the Operational Risk Review team in the Risk Specialist Division and represented the UK on the BCBS’ and EBA’s Operational Risk working groups.

Freek van_9355
Freek Van Velsen, Head of ORM Retail & Private Banking, ABN AMRO

Freek van Velsen is Head of ORM Retail and Private Banking at ABN AMRO Bank since December 2016. In this role Freek is responsible for operational risk management for all Retail and Private Banking activities, including Retail subsidiaries and the Private Bank international network. Prior to rejoining ABN Amro Bank, Freek was Chief Financial and Risk Officer of a local member bank at Rabobank where he was responsible for Finance, Risk Management and Corporate Recovery. Freek was previously the Audit Partner for Regional Markets Asia at Royal Bank of Scotland based in Singapore. Prior to joining RBS, Freek was the Regional Head of Audit Asia Pacific for ABN AMRO Bank. Before moving to Asia Freek was based at ABN AMRO’s Head Office responsible for the global audit coordination and reporting of various Investment Banking lines of businesses. Freek started his career as an officer at the Royal Netherlands Air Force. Freek is a Certified Internal Auditor and graduated with a MSc in Business Economics from the University of Tilburg and an Executive Master of Finance and Control from the Erasmus University Rotterdam.

Paul Williams
Paul Williams, Senior Technical Advisor, Bank of England

Paul has over 25 years of experience in bank technology infrastructure and operational resilience, gained mainly in international investment banking. For the past four years, Paul has leveraged this formative experience to lead the Bank of England sector facing cybersecurity and operational resilience programme. In his current role he is responsible for supporting and developing operational resilience of the UK Financial Sector in collaboration with other domestic authorities. Paul is chair of several domestic and intentional committees focused on developing cyber resilience in financial services.

Gerard Yoh, Director, Operational Risk and Conduct, Societe Generale

Gerard Yoh will be presenting at the upcoming 5th Annual New Generation Operational Risk Europe

How to make operational risk value added

Discover the use of operational risk tools and techniques to get value added, raise awareness and help decision making across the business with Heads of Oprisk at HSBC, Metro Bank (UK) and BNP Paribas Securities Services

Only available to members, take 30 seconds and make your free account here to download the full webinar recording.

Global Survey Report

Global Survey: Emerging issues in Third Party Cyber Risk – Take part here 

The objective of this survey is to develop an understanding of emerging best practices in managing third party cyber risk. The survey should take 3-5 minutes and you will receive a complimentary full copy of the final in-depth report and be entered into a prize draw to win a free pass to your choice of our 2019 conferences.

These articles feed from our much larger Risk Insights section of our website which provides you with thought-leadership, white papers, articles and more across risk and regulation. Subscribe to Risk Insights Newsletter here for monthly updates on the latest insights.

12th December 2018

Global Survey Report: Current state on conduct risk management

11th December 2018

Exploring the evolving role and scope of operational risk management in today’s dynamic landscape

By Shannon Harris, Senior Research Executive, Center for Financial Professionals
11th December 2018

Exploring the risks and responses associated with financial technology using public examples from Deutsche Bank

By Lewis Cox, Head of FinTech Risk, Deutsche Bank.
11th December 2018

Moving the first and-a-half line of defense focus to risk Identification (and back into the business)

11th December 2018

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 […]
4th December 2018

Role of external content in operational risk assessments

26th November 2018

How trans-national money laundering affects the US financial industry

by Shawn Polonet, Assistant Special Agent in Charge, U.S. Department of Homeland Security, Homeland Security Investigations, New York
20th November 2018

Beneficial ownership: Increasing transparency and ensuring compliance

by Rebecca “Becky” Schauer Robertson, EVP, Director of AML Compliance, South State Bank
20th November 2018

Balancing global regulatory requirements for fraud and AML to align practices globally

by James (Jim) Stubbs, Former Managing Director, Deputy Global Head Anti-Money Laundering, Citi
14th November 2018

Panel discussion: Utilizing FinTech infrastructure to drive process automation and support increase in digital banking structure

13th November 2018

Implementation of beneficial ownership to increase transparency and ensure compliance

by Sean O’Malley, Head of AML and Sanctions Risk Assessment, State Street
13th November 2018

The cryptocurrency eco system – a new frontier in consumer protection

by Jake van der Laan, Director, Information Technology and Regulatory Informatics and Director Enforcement, Financial and Consumer Services Commission
13th November 2018

Operational risk insights from Director, Operational Risk Management at Mizuho

9th November 2018

Global survey report: Emerging issues in third party cyber risk

31st October 2018

Core concepts supporting the risk-based approach

By James H Wistman, Head of Branch Risk & Compliance/MRLO, Santander, Abbey National Treasury Services, US Branch and Sabeena Liconte, Chief Legal Officer & Chief Compliance Officer, Bank of China […]
11th October 2018

eBook: Getting intimate with your controls

25th September 2018

Reviewing the industry trend to converge operational risk and compliance teams

 By James Wistman, Head of Brand Risk & Compliance/MRLO, Santander, Abbey National Treasury Services, US Branch
18th September 2018

Risk Webinar: Risk oversight – Meeting regulatory requirements and managing third party risk

13th September 2018

Ensuring effective and up to date controls are in place for monitoring and mitigating insider risk and limiting insider fraud

 By Sabeena Liconte, Chief Legal Officer & Chief Compliance Officer, Bank of China International
6th September 2018

Enterprise risk management: Achieving oversight across the institution

 By Richard Pike, CEO, Governor
30th August 2018

Increasing stature of operational risk within the institution and limiting execution risk of changing departments

 By Benoit Saint-Jevin, Director, Head of Global Markets Americas OPC & TAC Coordination, BNP Paribas
21st August 2018

RCSA: Developing traditional RCSAs to increase benefit and efficiency

 By Thomas Tobin, Director, Operational Risk, Mizuho
27th July 2018

The evolving nature of the risks posed by the global technology ecosystem

By Alex Beigelman, former Head of Technology & Cyber Security Risk, JP Morgan.
26th July 2018

Enterprise risk management – Helping management to achieve oversight across the institution

By Sasu Sihvonen, Head of Business Risk, Nordea.
20th July 2018

Panel discussion: Bringing operational risk to the front line: The balance of risk

19th July 2018

Fraud, cyber crime and reputation risk – What organisations can do about it

By Dalit Stern, Senior Director, Enterprise Fraud Risk Management, TIAA.
19th July 2018

Establishing a clear inventory of operational risk models for effective validation and controls

By Saqib Jamshed, Director – Quantitative Risk Analytics, State Street Corporation.
2nd July 2018

Demonstrating efficiency and value with diminishing resources and increased pressures

By Alice Kelly, Head of Research and Production, CeFPro.
4th June 2018

What operational risk keeps you up at night?

4th June 2018

Third party risk management white paper – A comprehensive approach to third party risk management

By DVV Solutions.

2019 Co-Sponsors:

BITSIGHT


BitSight Technologies is transforming how companies manage information security risk with objective, evidence-based security ratings. The company’s Security Rating Platform continuously analyzes vast amounts of external data on security behaviors in order to help organizations manage third party risk, benchmark performance, and assess and negotiate cyber insurance premiums.

Sionic Advisors


Sionic Advisors will be sponsoring the upcoming 5th Annual New Generation Operational Risk: Europe Summit in London, 12-13 March.

2019 Exhibitors:

Monte Carlo Plus


Complexity is inherent in operational risk. But that does not mean robust analysis of operational risk needs to be complicated. A different approach to risk was required to “translate” firms’ existing information into tractable analytics. So was born Monte Carlo Plus (MC+) to provide rapidly-deployable but sophisticated analysis of operational risks for any size of firm.

By providing an easy-to-use methodology and platform for operational risk, MC+ offers financial firms a rapid method to estimate capital requirements for operational risk for ICAAP Pillar 2A and stress testing for Pillar 2B using firms’ subject-matter-expert judgment and minimal data points. Even new risk classes such as cyber risk can be handled in analytically meaningful ways, enabling firms to judge whether insurance tranches and premiums represent value for money, so MC+ pays for itself.

Also, it is tried and tested: UK financial firms have used MC+ at all stages of the supervisory process including SREP. And, because firms can undertake sophisticated risk-based analysis simply but with a tiny learning curve, capital requirements for operational risk can be calculated in hours, not weeks – a cost-efficient solution that moves firms to the next level of operational risk analysis and usability.

Protecht


Protecht is more than a software company, we guide you through your risk management journey.

The Protecht Group is a leader in Enterprise Risk Management Software and Services that enables organisations to achieve their strategic objectives through efficient, effective and agile Risk Management. Since 1999, we have delivered training, advisory and software solutions that intensify the Risk Management focus and discipline of corporations and government departments alike.

Protecht.ERM™, Protecht’s flagship product, has been deployed in a SaaS model since development commenced in 2002 and remains ahead of the curve on innovation and functionality.

Used by government agencies, regulators, commercial and not-for-profit organisations of all sizes and risk maturity, Protecht.ERM™ allows companies to seamlessly integrate risk management into their day-to-day activities and gain operating efficiencies through its flexible web-based forms, workflow engine and highly adaptable reports and dashboards.

www.protechtgroup.com

Sponsorship

Can your organisation contribute at our New Generation Operational Risk Summit 2019? 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. Contact sales@cfp-events.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.

How can your organization benefit from a CeFPro partnership?

2019 Media Partners

Smart Money Match

Venue

The Tower Hotel- Guoman
St Katherine’s Way
London
E1W 1LD

Frequently asked questions

Can I present at the New Generation Operational Risk Europe Summit?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at the New Generation Operational Risk Europe Summit. For further information on this please contact shannon.harris@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 the New Generation Operational Risk Europe Summit?

Yes there are plenty of opportunities for the Center for Financial Professionals to share thought-leadership to the attendees of New Generation Operational Risk Europe Summit 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 the New Generation Operational Risk Europe Summit?

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 jesse.hopkins@cefpro.com or call +44 (0) 20 7164 6582.

To explore the evolving role and scope of operational risk management in today’s expanding landscape join us at our upcoming:
5thAnnual New Generation Operational Risk: Europe

In the past ten years the financial industry has rapidly changed and evolved leading to enhanced risk management practices. Operational risk is no different, as new and emerging risks enter the market it is often the strength of people, processes and system which allow for effective mitigation and management. Arguably the role and scope of operational risk is more diverse than ever as many strive for sustainable and long lasting solutions.

In recent years internal practices have come under scrutiny as scenarios within conduct and reputational risk have left some firms open to judgement. With this in mind ensuring that your business is managed effectively is not only important for risk management but also to satisfy consumers and stakeholders.  Areas such as risk appetite, governance, controls and the lines of defence have historically been firm requirements within the business. The question now is how to boost these practices to reinforce firm’s security in an ever changing environment.

In addition the financial landscape is also facing new threats in the form of technology and innovation. We have recently seen a new wave of technology taking flight as many firms invest into areas such as machine learning, artificial intelligence, Blockchain and fintech. In this relatively new territory how can risk professionals ensure that technology brings enhancements to the business without compromising security.

You’ll gain valuable insights and learnings from industry experts

Hear current insights from leading industry experts from panel discussions, presentations, Q&A opportunities, case studies plus more…

Benchmarking: keep up-to-date with the latest challenges / changes within the industry

Stay in the know and stay successful – you won’t fall behind on groundbreaking industry news

Excellent registration rates

Register early for preferential rates

Multiple networking opportunities

Refreshments breaks, Q&A with presenters, drinks reception and more

CPD-Certified-Logo1

Should you have any questions regarding registering, please contact the Center for Financial Professionals on +44 (0)20 7164 6582, or email shannon.mason@cefpro.com. *All rates are subject to UK VAT.

Save money, register together: The current rate allows every third colleague to come along for half price or a fifth colleague to attend for free!

Launch Special
£799*

Rate expires 21 December
(Save £700)

Super Early Bird
£899* 

Rate from 21 December. Expires 25 January
(Save £600)

Early Bird
£999*

Rate from 25 January.  Expires 1 March 
(Save £500) 

Standard Rate
£1,499*


Registrations after 1 March

Not ready to register right now? 

Other ways to register…

1. Save time – Register by email

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

2. Contact Us Directly

3. Download the PDF Registration Form

Not ready to register right now? – ADD A REMINDER
Add a reminder to your calendar to register before the next early bird here.



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2019 Co-Sponsors:

2019 Exhibitors: