Risk Americas 2024

Risk Americas is the only event of its kind and the premier risk and innovation gathering for risk professionals.  

Extensive research through CeFPro’s industry-led advisory board, including 100+ one-on-one research calls. Risk Americas offers an agenda that is driven by the needs of the industry.  

Risk Americas 2024 addresses critical themes across 2 intensive and interactive pre-event Forums, 5 keynote sessions, and 4 simultaneous streams. With 80+ sessions to choose from, more than 20 panel discussions, and 100+ speakers, attendees can delve into their area of expertise, or broaden their risk horizon. In addition, Risk Americas is an opportunity to engage with like-minded industry professionals, as well as advance your professional development.  

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Two pre-event Forums | May 20

Streams for Risk Americas 2024

FUTURE STATE OF RISK MANAGEMENT

  • Generative AI
  • Change Management
  • Climate Risk
  • Model Risk 
  • Fintech

RESILIENCE & NFR

  • Resilience Regulation
  • Cyber Security 
  • TPRM 
  • RCSA 
  • Fraud & AI

MARKET RISK

  •  Interest Rates 
  • FRTB 
  • Modeling 
  • Basel III Endgame 
  • Liquidity

INVESTMENT & ASSET RISK

  •  Credit Risk
  • CECL
  • Commercial Real Estate
  • Investment Risk 
  • Pricing & Valuation

RISK AMERICAS 2024 C-SUITE SPEAKERS INCLUDE

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Carl Groth
Chief Risk Officer
Legal & General Retirement

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Markus Lammer
COO, Investment Banking and Capital Markets
Americas, UBS

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Stacey Bolton
Chief Risk Officer, Asset Servicing
Northern Trust

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Melissa Sexton
Chief Risk Officer
BNY Mellon Wealth Management

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Tendayi Kapfidze
Chief Economist
Wells Fargo

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Emily Nachlas
Chief Risk Officer
Western Alliance Bancorporation

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Pankaj Vaish
Executive Vice President and Global Chief Investment Officer, Treasury
State Street

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Paul Diouri
Chief Risk Officer
Barings

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Ty Lambert
Chief Risk Officer
Cadence Bank

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Sabeena Liconte
Head of Legal & Chief Compliance Officer Americas
ICBC Standard Bank Group

Risk Americas 2024 Agenda

8:00 – 8:50

Registration and breakfast

8:50 – 9:00

Chair’s opening remarks

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Day 1 Keynote Moderator: Charles A. Richard III, Senior Vice President, Co-Founder, QRM

9:00 – 9:45

KEYNOTE PANEL – MACROECONOMIC ENVIRONMENT
Managing complexity in economic environment and future outlook for the industry

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  • Impact of inflationary environment on consumers
  • Increased defaults in high-rate environment
  • Reviewing how macro environment events impact strategy
    • Changes to products and services
  • Impact of global tensions on markets
  • Managing the interplay and disparities of global regulators
  • Future path of US economy as a result of Federal Reserve policy
    • Fiscal policy in an election year
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Carl Groth, Chief Risk Officer, Legal & General Retirement

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Tendayi Kapfidze, Chief Economist, Wells Fargo

9:45 – 10:20

KEYNOTE ADDRESS – ALM – PANEL DISCUSSION
Measuring earnings volatility using stochastic forecasting

 

View Session Details

  • Balance sheet forecasting considerations
  • Market modeling for stochastic analysis
  • Stochastic earnings risk assessment
  • Case study
Jie Hua

Jie Hua, Head of Corporate Treasury Department, Americas Division, SMBC 

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Saad Khan, Chief Operational Risk Officer; and CRO For Securities Services & Digital, Morgan Stanley

Pooya Farahvash

Pooya Faravash, Vice President, Head of ALM and Treasury Modeling, American Express

10:20-10:50

Morning refreshment break and networking

Future State of Risk Management

Mehdi

Day 1 Moderator:Mehdi Esmail, Cofounder & Chief Product Officer, ValidMind

Resilience & NFR

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Day 1 Moderator: Ira McKey, Director of Product Management, iGrafx

Market Risk

Mike_G

Day 1 Moderator: Mike Guglielmo, Managing Director, Darling Consulting Group

Investment & Asset Risk

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Day 1 Moderator: Theresa Meawed, Senior Director & Head of Solutions Consulting, SS&C

10:50-11:25

TRADITIONAL FINANCE
Risks evolving from stresses in the traditional financial services model

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  • Importance of data in an advancing world
  • Leveraging alternative data sources
  • Managing competitive environment with traditional and emerging banking services
  • Reviewing equipment and software requirements
  • Mitigating limitations of legacy systems
  • Uncertainties with continued deglobalization
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Lee Medoff, Head of Model Governance, Fifth Third Bank

10:50-11:25

RESILIENCE REGULATION
Reviewing global resilience requirements and strengthening post-pandemic

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  • Articulating resilience in metrics
  • Identifying level within the business
  • Monitoring and evaluating capabilities
  • Managing variations in views across the industry
  • Measuring metrics for resilience
  • Removing siloed view of risk appetite
  • Identification of important or critical business services
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Emily Nachlas, Chief Risk Officer, Western Alliance Bancorporation

10:50-11:25


Measuring Earnings Risk Using Stochastic Forecasting

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  • Balance sheet forecasting considerations
  •  Market modeling for stochastic analysis
  •  Stochastic earnings risk assessment
  • Case study

Andrew Lakin, Head of Client Management North America, QRM

10:50-11:25


AI-powered risk management and underwriting to improve loan approval in SMB

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  • Harness AI for data mining by analyzing diverse datasets to enhance risk assessment
  • Implement non-traditional credit scoring models, integrating alternative data for more comprehensive evaluations.
  • Utilize predictive analytics to forecast loan default risks, aiding proactive decision-making.
  • Ensure transparency with explainable AI, facilitating stakeholders’ understanding of lending decisions.
  • Personalize risk assessment with AI, enabling equitable and customized lending practices for SMBs.
Sal Reh

Sal Rehmetullah, Founder & CEO, WorthAI

11:25-12:05

GENERATIVE AI – PANEL DISCUSSION
Leveraging Generative AI and reviewing use cases across teams

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  • Protecting firm data and developing data controls
  • Reviewing potential risks, opportunities & controls for effective use of generative AI
  • Managing hallucinations
  • Determining boundaries around use
  • Building a controlled environment for uses of generative AI
  • Reviewing governance approaches to traditional vs. generative AI
Diana Meditz

Diana Meditz, Director, AI Product Owner, BNY Mellon

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Charles Tao, Director, Head of Market Risk Modelling, Citi

Kayvan

Kayvan Alikhani, VP, Product Development Engineering- Compliance.ai, Archer

Arpit

Arpit Narain, Global Head of Financial Solutions, MathWorks

11:25-12:05

RESILIENCE WITH VOLATILITY – PANEL DISCUSSION
Driving resilience programs in times of heightened volatility

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  • Managing number of global geopolitical risks
  • Future of climate risk and impact to the industry
  • Concentration risks with cloud providers
  • Enhancing resilience post-pandemic
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Matthew Moore, Director, US Head of Operational Risk for Markets, Banking, Treasury , Barclays

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Chris Harner, Manging Director, Cybersecurity, Sia Partners

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Sara Ricci, Former Head of Information Risk Governance and Resilience, HBC

11:25-12:05

INFLATION – PANEL DISCUSSION
Outlook on inflation and forward plans to manage longer term high inflation

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  • Impact of change on model risk management
  • SVB case study and the limitations of liquidity models
  • Insight into prominent global regulatory initiatives: PRA supervisory statement and OCC SR11-7
  • Recognizing model risk as a distinct risk reporting line
  • Aligning discrepancies in model definitions as scope continues to evolve
  • Inclusion and treatment of AI models in the model risk management framework
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Markus Lammer, COO, Investment Banking and Capital Markets Americas, UBS

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Ronald Ratcliffe, PhD, Managing Director in Applied Portfolio Analysis, BlackRock

11:25-12:05

PANEL DISCUSSION
Leveraging AI for credit risk decisions and marketing

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  • Managing risk of bias in AI decisions
  • Changes to marketing messaging in new credit risk environment
  • Leveraging omnichannel marketing
  • Intertwining and connecting credit risk and marketing
  • Aligning marketing to minimize overspend
  • Reviewing lifetime value of a customer
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Seyhun Hepdogan, Director of Analytics, Fifth Third Bank; Fintech Leaders Advisory Board member, CeFPro

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Devon Wijesinghe, President, Worth AI

12:05-12:40

LARGE LANGUAGE MODELS
Developing policies and procedures for uses of large language models

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  • Managing models trained on external data
  • Integrating with internal data
  • Managing overreliance on AI to reduce workload
  • Challenges with inputted data residing in ChatGPT
  • Reviewing and validating large language models
  • Developing infrastructure architecture to run and test models
  • Managing data privacy concerns
tarun

Tarun Joshi, Executive Director, NLP/GenAI Model Validation, Wells Fargo

12:05-12:40

IT RESILIENCE
Developing business continuity programs and strengthening cyber and IT resilience

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  • Protecting systems from attack
  • Developing frameworks and best practices for incident response
  • Notification and restoring data
  • Reviewing past attacks and lessons learned
  • Cyber health with impact of environmental events on critical infrastructure
  • Ongoing and continuous monitoring of cyber activity
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Cyril Korenbeusser, Chief Operational Resilience Officer, BNP Paribas

12:05-12:40

INTEREST RATE RISK
Managing unpredictability of current rate environment and maintaining profitability in a high rate environment

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  • Developing creative ways to reduce borrowing costs
  • Adjusting to new reality and operating differently
  • Hedging portfolios with unpredictable future changes
  • Weakening of balance sheets with unpredicted sharp rises
  • Managing tail risk after the regional banking crisis
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Nabil Ez-zaoui, Managing Director, Head of Markets Advisory, Mizuho

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Ashutosh Tripathi, Managing Director, Mizuho

12:05-12:40

CREDIT LOSSES/DEFAULTS
Reviewing increased rate of defaults as volatility continues

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  • Managing influx of losses in a volatile economy
  • Tracking the credit cycle
  • Will there be a new credit cycle?
  • Impact of increased cost of borrowing on defaults
  • Managing headline risk with increase in defaults
  • Ripple effect to deposits
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Mitchell Chad, Senior (Managing) Director Stress and Impairment – Modeling and Analytics, RBC

12:40-1:40

Lunch break and networking

1:40-2:20

ETHICAL AI – PANEL DISCUSSION
Implementing guardrails to ensure the responsible and ethical use of AI

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  • Leveraging AI to streamline customer communication
  • Privacy and protection considerations
  • Reviewing regulatory risks and focus on bias
  • Training and testing models to remove bias and ensure ethical use
  • Managing satisfying regulators while maintaining competitive uses
  • Controlling toxic information from models
  • Ensuring models produce fair and unbiased output
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Vall Herard, CEO and Founder, Saifr

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Chris Smigielski, Director of Model Risk Management, Arvest Bank; NFR Leaders Advisory Board member, CeFPro

1:40-2:20

CYBER SECURITY – PANEL DISCUSSION
Reviewing the new threat landscape as sophistication of threat actors evolves

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  • Adjusting to new threat reality
  • Escalation of cyber warfare
  • Identifying vulnerabilities
  • Increased risk with outsourcing systems
  • Managing increase in ransomware attacks
    • MGM case study
  • Reviewing new threat landscape with Increased sophistication of threat actors
  • Reviewing new threats and vulnerabilities with use of AI
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Cyril Korenbeusser, Chief Operational Resilience Officer, BNP Paribas

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Anita Nandakumar, Head of Operational Resilience – Global Markets, Goldman Sachs

1:40-2:20

PANEL DISCUSSION
Impact of interest rates on bond market and treatment of assets and products

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  • Weakening of bonds in a high rate environment
  • Funding operations through bond issuing
  • Impact of bond offloading
  • Managing uncertainty in bond market
  • Impact of social media on heightened risk
  • Updated CECL accounting practices and impact to asset value
  • Portfolio restructuring and repositioning
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Lorenzo Cupido, Chief Investment Risk Officer, Prudential Financial

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Jake Katz, Head of Analytics Research, LSEG

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Ernest Lang, Head of ALM Analytic Solutions, Transamerica 

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Xiaowei Han, VP, Head of ALM, TIAA

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Shawn Snyder, Global Investment Strategist, Executive Director, JP Morgan

1:40-2:20

CECL– PANEL DISCUSSION
Reviewing the impact of CECL in a BAU environment

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  • Reviewing progress towards CECL BAU
  • Benchmarking best practice
  • Impact of changes in unemployment rate
  • Historical data for variables being modeled
  • Retrofitting embedded lifetime loss in portfolios
  • Managing short term exposures
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Haibo Huang, Managing Director, Global Head of Credit Stress and Portfolio Analytics, Morgan Stanley 

Arsa

Arsa Oemar, Director, Model Risk Management, US Bank

2:20-2:55

From Theory to Practice: Embedding AI Risk Management into your Organizational Fabric

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  • Exploring the state of AI within banking and financial services
  • Understanding AI model landscape including models hidden in 3rd party software
  • Assigning an AI risk score based on model attributes
  • Leveraging automation for model testing and documentation based on regulatory guidelines
  • Adopting transparent and accountable governance frameworks and workflows for operational integrity
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Will Heffernan, Director of field operations, CIMCON

2:20-2:55

Leveraging technology to automate and strengthen model risk ecosystem

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  • Automating repeatable processes for enhanced effectiveness and efficiency
  • Transforming model validation processes to significantly reduce cycle times
  • Moving to automated and real-time model performance monitoring
  • Leveraging technology to establish robust guardrails for AI/ML models
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Vikas Tyagi, Founder and CEO, Solytics Partners

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Prithivinath Prabhunath, Co-Founder and Head of Innovation, Solytics Partners

2:20-2:55

FRTB
Reviewing global implementation timelines of final rules across firms

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  • Reviewing internal vs standardized model approaches
  • Building infrastructure for smooth implementation
  • Enhancing data and system capabilities
  • Reviewing current status towards implementation
  • Incorporating consistency for global businesses
  • Running full evaluation for expected shortfall
  • Interaction of FRTB with existing CCAR environment
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Gavin Xu, Global Head of Markets Model Validation, HSBC US

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Roger Coroas, Head of Solutions Engineering, NAM, ActiveViam

2:20-2:55

CONSUMER CREDIT RISK
Managing changes to consumer credit risk

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  • Risk of changes to economic environment
  • Managing changes to inflation and interest rates
  • Managing impact of increased pressure on consumers
    • Increased risk of default across products
  • Impact of rising risk to bank earnings
  • Capturing future losses under CECL
  • Impact of increased student loan repayments since Covid-19
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Erdem Aktug, Head of Model Risk – Retail, Securitization & FSL, Morgan Stanley

2:55-3:30

Managing large model inventories with ModelOps and GenAI

 

View Session Details

    • Exploring the interconnectedness of quantitative models from model development to governance and production
    • Understanding where genAI can augment and enhance parts of these workflows
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Alex Roumi, Senior Product Manager, Mathworks

2:55-3:30

INTER-AGENCY GUIDANCE
Reviewing expectations under interagency guidelines

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  • Defining a business relationship
  • Expansion of definition for third party
  • Mapping all relationships and categorizing
  • Developing formal policy, governance and documentation
  • Determining scope and approach to TPRM
  • Reviewing how the interagency guidelines impacted TPRM programs
  • Reviewing current capabilities against expectations
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Madiha Fatima, Executive Director, JP Morgan; Third Party Risk Management Advisory Board member, CeFPro

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Tamara Culler, Director for Governance and Operational Risk Policy, OCC

2:55-3:30

BASEL III ENDGAME
Interpreting and preparing for final language and managing whole scope of changes proposed

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  • Summary of key changes and implementation timelines
  • Adapting systems and data aligned with compliance
  • Allocating assets for RWA classification
  • Conducting impact analysis to review impact to capital
  • Reviewing introduction of operational risk capital calculations
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Shahab Khan, Head of Liquidity Policy, HSBC

2:55-3:30

COUNTERPARTY CREDIT RISK
Impact of market volatility on counterparty credit risk and margin funding costs

View Session Details

  • Resolving uncleared margin rules
    • Increased frequency of recalibrations
  • Managing changing environment and frequency of standard deviation margin models
  • Identifying reserve requirements to fund margin costs
  • Changes in concentration thresholds
  • Cascading effect of industry liquidation on counterparties
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Shahed Shafi, Head of Counterparty Risk/Credit Products, US Bank

3:30-4:00

Afternoon refreshment break and networking

4:00-4:35


Reacting to Regulation with Process Intelligence

View Session Details

  • Leverage process intelligence technology to make your business operationally resilient
  • Understand how to proactively uncover hidden risks and compliance gaps using process mining
  • Break down communication barriers between the 3 lines of defense through integrations (e.g. GRC, eBPA)
  • Transform your audit process into a faster, cheaper, and more accurate version of itself through automated conformance checking
  • Hear real-life success stories of companies that have transformed their compliance strategy
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James Berrocales, Manager, Solutions Engineering, iGrafx

4:00-4:35

CHANGE MANAGEMENT
Developing a robust change management risk framework

View Session Details

  • Adjusting to changing business and technology landscape
  • Managing downstream change impacts
  • Case study to harness change management
  • Implementing a strong culture around change management
  • Managing constant technology change
  • Managing the volume of change and testing before rollout
Stephen_Woitsky

Stephen Woitsky, SVP, Operational Risk Business Oversight, Wells Fargo; NFR Leaders Advisory Board member, CeFPro

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John Bovatsek, Vice President, Customer Success, Appian

4:00-4:35

CAPITAL
Understanding the effect of volatility and changing regulation on capital requirements

View Session Details

  • Impact of current environment on capital
  • Increased competition for deposit gathering
  • Managing cost of funds and impact on margins
  • Strategies to raise capital across different organizations
  • Impact of Basel 3 rules on capital
  • Modeling approaches for new regulatory capital requirements
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Sudhir Kumar, Head of Capital Management Oversight, US Bank

4:00-4:35

COMMERCIAL CREDIT RISK
Monitoring commercial credit risk volatility

 

View Session Details

  • Defining commercial credit risk volatility
  • Factors contributing to credit risk volatility
  • Key credit risk indicators
  • Potential impacts of cactor movements
  • Analyzing & monitoring credit risk
  • Mitigating credit risk & volatility
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Bernardo Mandri, Executive Director, Head of Credit Risk Review, ICBC

4:35-5:10

BIAS
Identifying, quantifying and managing data and algorithm bias

View Session Details

  • Benchmarking multiple AI algorithms
  • Highlighting performance in the retail credit space
  • Managing strict fair lending regulations in the US and EU
  • Reviewing common approaches to identify and quantify bias
  • Demonstrating use of AI to train other Ais to identify and manage bias
  • Showing outcomes for various classes of algorithms
  • Demonstrating sensitivity to small changes in inputs
imir arifi

Imir Arifi, former Executive Director, Models and Methodologies, UBS

4:35-5:10

ESG & SUSTAINABILITY
Reviewing industry approaches to ESG and long term sustainability programs

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  • Modifying risk and governance processes
  • Incorporating into existing program
  • Approaches and best practices
  • Managing political agenda relating to ESG
  • Managing global regulatory divergence
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Anand Hingway, Executive Director, Environmental & Social Risk Management, US Region, CIBC US

4:35-5:10

STRESS TESTING
Strengthening stress testing: Spanning the risk space with micro and macro scenarios

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  • Reviewing regulatory requirements for increased modeling
  • CCAR as a tool for effective collection and storage of data
  • Minimizing double counting with Basel 3 endgame
  • Reviewing proposals for multiple scenarios to capture broader risks
  • Incorporating credit, liquidity and interest rate risks in modeling
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Sean Keenan, Executive Director, RMDAD – Stress Testing, SMBC

4:35-5:10

COMMERCIAL REAL ESTATE
Outlook for the CRE market: Managing potential default bubbles

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  • Reviewing long-term viability
  • Future structural changes in working practices
  • Managing rising costs of energy
  • Treatment of unrealized losses
  • Reviewing exposures on commercial real estate
  • Accumulation of low occupancy and rising interest rates on commercial real estate
  • Refinancing abilities in a high rate environment
Grace_Duggar

Grace Duggar, SVP Model Risk, China Construction Bank

5:10-5:40

COMPLIANCE
Reviewing compliance challenges with increased global regulatory pressure

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  • The impact of elections on future regulation
  • Developing gap analysis on change
  • Drive towards standardization across the industry
  • Increased focus on record keeping violations and resulting penalties
  • Instilling a culture of compliance
    • Accountability from the top
  • Keeping up with evolution of privacy laws
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Rezarta Aliaj, Executive Director – Global Banking & Markets, Treasury & Swap Dealer Compliance, Scotiabank

5:10-5:40

DATA
Developing data governance and quality assurance programs

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  • Aligning taxonomies and languages across businesses and regions
  • Identifying data related issues and tracking
  • Balancing modernization with budget constraints
  • Investing in data risk management capabilities in legacy platforms
  • Developing bespoke approaches across jurisdictions with limited uniformity
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Srini Masanam, Global Head of Surveillance Data Quality, Citi

5:10-5:40

Stress testing in an era of heightened volatility and effectiveness to drive business decisions

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  • Reviewing collateral and improving parameters
  • Capturing tail risks for derivatives
  • Capturing convexity in times of high volatility
  • Characterizing scenarios and connecting to losses
  • Reviewing stress tests to define vulnerabilities in a potential recession
  • Building framework and infrastructure to stress test whole portfolio
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Phil Ohana, Global Head of Market Risk Audit, UBS

5:10-5:40

Stability and counterparty confidence: Managing risks in an unpredictable landscape

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  • Impact of unpredictability on pricing models
  • Managing changing retail mix and pricing levels
  • Reviewing general stability of the banking system
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Alisa Rusanoff, Head of Credit/Trade Finance, Crescendo Asset Management

5:40

Chair’s closing remarks & networking drinks reception

8:00 – 8:50

Registration and breakfast

9:00 – 9:10

Chair’s opening remarks

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Day 2 Moderator: Jake Katz, Head of Analytics Research, LSEG

9:10 – 10:00

KEYNOTE PANEL – HOLISTIC VIEW OF RISK
Managing interconnectivity across risk categories and establishing a holistic view of risk

View Session Details

  • Developing a holistic view of enterprise risk
  • Aggregating risk at an enterprise and global level
  • Changes in regulatory approach after 2023 banking crisis
  • Balancing transformation with maintaining business
  • Enhancing efficiency across processes
  • Leveraging data to drive decisions
  • Incorporating agility into processes
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Sabeena Ahmed Liconte, Head of Legal & Chief Compliance Officer, Americas, ICBC Standard Bank Group; Fintech Leaders Advisory Board member, CeFPro

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Emily Nachlas, Chief Risk Officer, Western Alliance Bancorporation

Aengus Hallinan

Aengus Hallinan, Chief Operational Risk Officer; and CRO For Securities Services & Digital, BNY Mellon

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Paul Tava, Chief Risk Officer – Advice & Wealth Management, Ameriprise Financial Services

10:00-10:30

Morning refreshment break and networking

Future State of Risk Management

Yannick

Day 2 Moderator: Yannick De Ceulaer, Head of Investment Strategy and Financial Management, Arrayo

Resilience & NFR

Robert_Shearman

Day 2 Moderator: Robert Shearman, Product Manager, SaaS Application Lead, Aravo

Market Risk

Prithivi_P

Day 2 Moderator: Prithivinath P, Head of Innovation, Solytics Partners

Investment & Asset Risk

Herard_Headshot_Blazer

Day 2 Moderator: Vall Herard, CEO and Founder, Saifr

10:30-11:05

MODEL RISK
Managing the evolving complexities in defining and managing models end to end

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  • Validating AI models
  • Documentation requirements as model scope increases
  • Developing controls for complete model inventory
  • Defining a model and ownership
  • Identifying skills to evaluate, review and monitor a model
  • Ensuring transparency in model outputs
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Mitchell Button, SVP, Head of Financial Model Validation, US Bank

10:30-11:05

RCSA
Leveraging continuous insight to inform business decisions and exposures

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  • Understanding risks and controls effectively
  • Evolution of RCSA
    • Leveraging as a tool for the business
  • Business appetite to conduct and embrace RCSA
  • Developing as a pillar for good operational risk management
  • Determining ownership in 3 LoD model
  • Maintaining RCSA as an ongoing tool
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Paul Tava, Chief Risk Officer – Advice & Wealth Management, Ameriprise Financial Services

10:30-11:05

Visualizing Risk: Moving BI from Underutilized Tools to Business Essentials

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  • Integrating business intelligence to the core of business strategy for risk management
  • Shifting towards proactive risk visualization and management
  • Real world risk management BI solution examples:
  • Enhancing backtesting visualization through automated reports allowing for comprehensive tracking of market risk breaches
  • Integrating data validation for time series analysis to ensure the accuracy and reliability of time series data
  • Automating risk assessment reporting to streamline a time-consuming process whilst securing compliance with regulatory standards
  • Developing and implementing FRTB dashboards to manage process transitions and adapting regulatory changes
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Erdni Okonov, Business Intelligence Practice Director, Arrayo

10:30-11:05

BALANCE SHEET MANAGEMENT
Reviewing changes to balance sheet management practices and countering credit losses

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  • Changes to credit risk policies in a downturn
  • Reviewing impact of market events on credit strategy
  • Maintaining credit standards in high rate environment
  • Reviewing charge of lending based on margins
  • Managing shrinking margins as rates continue to increase
  • Structuring loans in a high rate environment
  • Adjusting and reacting to increased credit
Mike_G

Mike Guglielmo, Managing Director, Darling Consulting Group

11:05-11:40


Evaluating an LLM-powered application: a case study

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  • Discuss opportunities created by GenAI models
  • Upcoming challenges to using and validating GenAi & LLMs
  • Example validation framework for an LLM-powered application
  • Automating and deploying the validation framework
Mehdi

Mehdi Esmail, Cofounder & Chief Product Officer, ValidMind

11:05-11:40

FRAUD
Analyzing trends in fraud practices and tactics to stay ahead

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  • Monitoring, managing and reporting on fraud in existing frameworks – Victim Scams
  • Overlap of fraud with cybersecurity resiliency and monitoring
  • Leveraging technology for fraud detection and prevention of internal fraud
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Dalit Stern, Managing Director, Enterprise Fraud Risk Officer, TIAA

11:05-11:40

MODELING
Modeling in a volatile environment

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  • Managing models built with long historical data
  • Modifying models with data limitations
  • Incorporating pandemic data
  • Preparing models for future interest rate changes
  • Weighting for more recent data
  • Developing flexible and dynamic models
  • Adjusting pandemic data over time
1517679776005

Kai-Ching Lin, Head of Model/Market Risk, Valley National Bank

11:05-11:40

CREDIT RISK
Economic environment: Managing the impact of volatility on credit risk

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  • The role of models in managing credit risk in a volatile economic environment
  • Identifying sources of uncertainty in future credit risk loss forecasts
  • Detecting and tracking emerging trends
  • Using sensitivity and scenario analysis to shed light on the range of outcomes
  • Managing volatility associated with climate risk and interest rates
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Heather Russell, Director – Quantitative Finance Manager, Bank of America

11:40-12:25

CLIMATE SCENARIO – PANEL DISCUSSION
Reviewing global climate risk scenarios and implementation with a broader program

View Session Details

  • Benchmarking across different global regulatory landscapes
  • Key lessons learned for the industry
  • Future mandates for climate scenarios
  • Reviewing impact to capital
  • Benchmarking European practices
Derek_Jun_04R_small-crop

Derek Jun, Managing Director, Head of Climate Risk OversightNuveen, a TIAA Company

robin

C. Robin Castelli, Author – Quantitative Methods for ESG Finance

CraigSpielmann

Craig Spielmann, Risk Intelligence Leader, CNM LLP

Alberto_Ramirez_-_Picture

Alberto Ramirez, Partner – Risk Analytics, Solytics Partners

1633535827840

Yun Zheng, Head of ST and ESG Analytics, Global Risk Analytics, HSBC USA

11:40-12:25

FRAUD & AI – PANEL DISCUSSION
Understanding evolution of fraud risks and prevention tactics with increased use of AI

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  • Managing rapid evolution of uses of AI and machine learning tools
  • Developing controls to monitor for AI risks
  • Managing fraud risk using and resulting from AI
  • Advances in social engineering and biometric techniques
  • Leveraging generative AI as a defensive tool
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Patrick Simonnet, Managing Director – Chief Audit Executive, Bank of China

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Tibor Bartels, Managing Director/Head of Transaction Services Americas, ING; Fintech Leaders Advisory Board member, CeFPro

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Will Heffernan, Director of Field Operations, CIMCON

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Charles Shen, Managing Director, Head of Model Risk Management, Societe Generale

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Jascha Prosiegel, Market Lead North America, AI Risks, Munich Re

11:40-12:25

LIQUIDITY – PANEL DISCUSSION
Gaining strong visibility of funding sources for liquidity monitoring

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  • Heightened scrutiny on intraday deposit monitoring
  • Ensuring ability to gather real-time data and insights
  • Ensuring multiple forms of liquidity availability
  • Implementing technology for proactive monitoring
  • Managing heightened liquidity risks as a result of high interest rates
  • Managing daily mismatches between assets and liabilities
Ian_Broff

Ian Broff, Head of Market Risk, USAA

OskarRoggHSBig2

Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole; Fintech Leaders Advisory Board member, CeFPro

P.J. Cole Risk Americas

P.J. Cole, Senior Sales Executive, Empyrean Solutions

ashaDSC_6191

Asha Gowda, Director – Market Risk Governance, KeyBank

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Jorge Segura, Senior Director, Head of IRBBB/ALM Risk Oversight, Santander

11:40-12:25

PRICING AND VALUATION – PANEL DISCUSSION
Reviewing approaches to pricing and valuation as the landscape evolves

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  • SEC approaches to pricing and valuation
  • Developing a framework for valuing investments
    • Fund valuation practices
  • Pricing for complex instruments
    • Assigning a price to opaque structures or characteristics
  • Reviewing impact of rising ESG insurance costs on assets
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Aleksey Leksanov, Managing Director, Head of Model Risk Management, Mizuho

George 1

George Bezerianos, Managing Director, Global Head of Fixed Income and Wealth Management Valuation Control, Morgan Stanley

Naresh_Malhotra

Naresh Malhotra, Director, Societe Generale Corporate and Investment Banking

12:25-1:45

Lunch and networking break

1:45-2:20

CLIMATE RISK
Reviewing climate risk initiatives across the industry

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  • Reviewing California legislation and requirements
  • Alignment with European requirements
  • Collecting data for disclosures around processes, risk assessments and impacts
  • Reporting Scope 1, 2 and 3 emissions
  • Managing input data quality to compute granular Scope 3 emissions
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Andries Berendsen, Head of FP&A and Capital Planning, Rabobank

1:45-2:20

TPRM
Reviewing global regulation for third party risk and ensuring resilience

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  • Implementing and reviewing resilience plans of critical third parties
  • Enhancing governance structures
  • Streamlining approaches to managing vendor due diligence
  • Tracking treatment and security of consumer data
  • Developing sustainable practices
  • Reviewing global resilience requirements for third parties
  • Delivering service in the event of a third party breach
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Kelly Feili, Director – Risk Policy and Advocacy, DTCC

Pro

Tausif Khan, Director, Third Party Risk Management, DTCC; Third Party Risk Management Advisory Board member, CeFPro

1:45-2:20

MARKET RISK
New paradigm of market risk and volatility with sustained high rates

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  • Changes to market movement with sustained high interest rates
  • Impact of money injection from regulators
  • Ramifications across asset classes and knock on effect
  • Increased volatility on the back of the curve
  • Managing long term ALM
  • Managing new paradigm of higher interest and dollar exchange rates
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Sandeep Jain, Director & Market Risk Executive, Bank of America

1:45-2:20

RISK ADJUSTED RETURN
Analyzing risk adjusted return and shifting a focus to profitability

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  • Evaluating risk adjusted return on assets
  • Concentration risk and portfolio diversification
  • Identifying tail risk in portfolio
  • Analysis of regulatory vs. economic capital
  • Managing growth of shadow banking and private equity markets
1

Jonathan Liu, Risk and Treasury Professional, RBC

2:20-2:55

DATA
Leveraging an enhanced data framework to support technological advances

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  • Having relevant data to provide the required foundation for modern technology initiatives
  • Ensuring a strong flexible governance framework to stay ahead of future advancements
  • Adapting existing governance programs to accommodate structured and unstructured, traditional, and alternative data sources
  • Collaborating and aligning across teams and platforms as digitalization becomes widespread
  • Utilizing data and technology for all decision-making insights
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Terrence Barrett, First Vice President, Analytics, Governance, Risk and Compliance, Axos Financial

2:20-2:55

 

Reviewing diversity at workplace and best practices moving forward

View Session Details

  • Embracing diversity and inclusion at workplace
  • How to be an ambassador for Diversity, Equity and Inclusion
  • Changing landscape in the workplace and how diversity can impact productivity, performance and efficiency
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Priya Rajani, Director, M&A Cross Sell Strategy, Citi

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Monisha Nariani, Head of Sales Enablement and Strategy, Retail and Small Business Banking, US Bank

2:20 -2:55

LIBOR
Adopting to a post LIBOR world

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  • Impact of transition from LIBOR to SOFR and alternative rates
  • Different rates, different instruments, different market, different models
  • Computer-assisted modeling (scripting) allows fast exploration and testing of models and instruments
  • Modern techniques like AAD, differential machine learning, and deep learning allow generic and fast pricing and XVA and calibration of new models
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Arun Polala, Senior Quantitative Analyst, Wells Fargo

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Bernhard Hientzsch, Head of Market Modeling Techniques (for Corporate Model Risk), Wells Fargo

2:20-2:55

Fixed Income Landscape : Trends and Risks from Buy-Side and Sell-Side Perspective

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  • Private Credit Market
  • Growing Demand and risk profile
  • Assessing Downgrade and Default Risk
  • LBO & Leveraged Loan market
  • Valuation challenges
  • ALM considerations
  • Interconnection Buy-side/banks
Fabrice Fiol

Fabrice Fiol, Managing Director, Head of Risk Management, Kuvare Asset Management

Fabien

Fabien Lemoine, Director – Senior Credit Officer – Leveraged Finance and Private Debt, Societe Generale Corporate and Investment Bank

2:55- 3:05

Refreshment and networking break

3:05-3:55

FINTECH – PANEL DISCUSSION
Staying ahead of innovative fintech organizations and balancing security

View Session Details

  • Raising awareness on heightened risks of fintech’s
  • Assessing risk from a third party risk perspective
  • Balancing innovation and competitive advantage with security
  • Managing information security and BSA risks
  • Incorporating non-traditional participants in business models
  • Balancing speed and transaction savings with heightened risk
Olivier's_headshot

Olivier Lachaud, Former Director – Office of the COO, Scotiabank

Maggie Bin Lai

Maggie Bin Lai, former Chief Administration Officer and Head of Human Capital Risk, Global Operational Risk, Citi

Phil_Masquelette_Biz_Casual

Philip Masquelette, SVP, CRO, Ulster Savings Bank, NFR Advisory Board member, CeFPro

3:05-3:55

CLOUD – PANEL DISCUSSION
Leveraging cloud platforms and developing controls to stay resilient

View Session Details

  • Developing resiliency plans for cloud outage
  • Managing accessibility in an event
  • Developing effective resilience plans
  • Understanding risks and controls for cloud providers
  • Implementing an IT risk management framework to manage cloud risks
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Marta Palanques, Director, Assessment Methodology, Technology Risk Management, Capital One

John_Groetch

John Groetch, Head of Partners Program, NAM, ActiveViam

3:05-3:55

CFP – PANEL DISCUSSION
Managing heightened alertness and awareness as a result of market events on contingency funding planning

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  • Operationalizing contingency funding plans
  • Prioritizing contingency funding planning to comply with Fed expectations
  • Lessons learned from SVB
  • Monitoring collateral and testing
  • Testing discount windows to access collateral
  • Understanding reaction to idiosyncratic systemic events
  • Early warning indicators and KRIs to monitor breaches
  • Understanding requirements for testing and application to real-world scenarios
Judah_Kaplan

Judah Kaplan, Director – Independent Liquidity Risk – Legal Entities, BNY Mellon

Katya_Ternyayeva

Katya Ternyayeva, Managing Director, Americas Head of Liquidity and Funding, UBS

Vineet_Gumasta

Vineet Gumasta, Head of Balance Sheet Management – Rural Business, Rabobank

3:05-3:55

M&A– PANEL DISCUSSION
Navigating the continued M&A activity and processes to combine teams

View Session Details

  • Increased activity to raise capital
  • Reviewing trends in M&A activity
    • Types and frequency of transactions
  • Integrating teams in event or merger
OLYMPUS DIGITAL CAMERA

David Adcock, SVP, Director of Credit Risk, Cadence Bank

Petr_Chovanec

Petr Chovanec, Director, UBS

4:00

Chair’s closing remarks and end of Convention

Risk Americas 2024 Speakers

Keynote & C-Suite speakers

Mitchell-button-120x120

Mitchell Button
SVP, Head of Financial Model Validation
US Bank

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Lorenzo Cupido
Chief Investment Risk Officer
Prudential Financial

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Carl Groth
Chief Risk Officer
Legal & General Retirement

Pooya Farahvash

Pooya Farahvash
Vice President, Head of ALM and Treasury Modeling
American Express

Aengus Hallinan

Aengus Hallinan
Chief Operational Risk Officer; and CRO For Securities Services & Digital
BNY Mellon

Jie Hua - HS

Jie Hua
Head of Corporate Treasury Department, Americas Division
SMBC

Kapfidze_Tendayi_1-scaled-100x100

Tendayi Kapfidze
Chief Economist
Wells Fargo

Saad Khan HS

Saad Khan
Managing Director, Head of Asset Liability Management
Morgan Stanley

Cyril-Korenbeusser-120x120-1-100x100

Cyril Korenbeusser
Chief Operational Resilience Officer
 BNP Paribas

ML-100x100

Markus Lammer
COO, Investment Banking and Capital Markets America
UBS

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Sabeena Ahmed Liconte
Head of Legal & Chief Compliance Officer, Americas
ICBC Standard Bank Group
Fintech Leaders Advisory Board member
CeFPro

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Emily Nachlas
Chief Risk Officer
Western Alliance Bancorporation

Charles_Richard

Charles A. Richard III
Senior Vice President, Co-Founder
QRM

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Melissa Sexton
Chief Risk Officer
BNY Mellon Wealth Management

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Paul Tava
 Chief Risk Officer – Advice & Wealth Management
Ameriprise Financial

Future State of Risk Management

1664405183899-100x100

Rezarta Aliaj
 Executive Director – Global Banking & Markets, Treasury & Swap Dealer Compliance
Scotiabank

Kayvan

Kayvan Alikhani
VP, Product Development Engineering- Compliance.ai
Archer

imir arifi

Imir Arifi
former Executive Director, Models and Methodologies
UBS

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Terrence Barrett
First Vice President, Analytics, Governance, Risk and Compliance
 Axos Financial

Unknown-100x100

Andries Berendsen
Head of FP&A and Capital Planning
Rabobank

james

James Berrocales
Manager, Solutions Engineering
iGrafx

Maggie Bin Lai

Maggie Bin Lai
former Chief Administration Officer and Head of Human Capital Risk, Global Operational Risk
Citi

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Stacey Bolton
Executive Vice President, Chief Risk Officer, Asset Servicing
Northern Trust

robin-100x100

C. Robin Castelli
Author – Quantitative Methods for ESG Finance

Yannick

Yannick De Ceulaer
Head of Investment Strategy and Financial Management
Arrayo

Mehdi

Mehdi Esmail
Cofounder & Chief Product Officer
ValidMind

Will_Heffernan_10S

Will Heffernan
Director of field operations
CIMCON

Herard_Headshot_Blazer

Vall Herard
CEO and Founder
Saifr

tarun

Tarun Joshi
 Executive Director NLP/GenAI Model Validation
 Wells Fargo

Derek_Jun_04R_small-crop-100x100

Derek Jun
Managing Director, Head of Climate Risk Oversight
 Nuveen, a TIAA Company

Olivier's_headshot

Olivier Lachaud
Former Director – Office of the COO
Scotiabank

Phil_Masquelette_Biz_Casual

Philip Masquelette
SVP, CRO
Ulster Savings Bank
NFR Advisory Board member
CeFPro

Ira McKey photo

Ira McKey
Director of Product Management
iGrafx

Diana Meditz

Diana Meditz
Director, AI Product Owner
BNY Mellon

 

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Lee Medoff
 Head of Model Governance
Fifth Third Bank

Arpit

Arpit Narain
Global Head of Financial Solutions
MathWorks

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Yu Pan
 EVP, Chief Model Risk Officer
  US Bank

Alex_R

Alex Roumi
Senior Product Manager
Mathworks

Alberto_Ramirez_-_Picture

Alberto Ramirez
Partner – Risk Analytics
Solytics Partners

CraigSpielmann

Craig Spielmann
Risk Intelligence Leader
CNM LLP

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Chris Smigielski
Director of Model Risk Management
Arvest Bank
NFR Leaders Advisory Board member
CeFPro

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Thomas Sullivan
Managing Director
Societe Generale – FORGE

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Charles Tao
Director, Head of Market Risk Modelling
Citi

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Stephen Woitsky
SVP, Operational Risk Business Oversight
Wells Fargo
NFR Leaders Advisory Board member
CeFPro

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Yun Zheng
 Head of ST and ESG Analytics, Global Risk Analytics
HSBC USA

Resilience & NFR

Tibor-Bartels-_ING_Sept2019-1-120x120-1-100x100

Tibor Bartels
 Managing Director/Head of Transaction Services Americas
 ING
Fintech Leaders Advisory Board member
CeFPro

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John Bovatsek
Vice President, Customer Success
Appian

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Tamara Culler
 Director for Governance and Operational Risk Policy 
 OCC

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Kelly Feili
Director – Risk Policy and Advocacy
DTCC

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Madiha Fatima
 Executive Director
JP Morgan
Third Party Risk Management Advisory Board member
CeFPro

John_Groetch

John Groetch
Head of Partners Program, NAM
ActiveViam

Chris Harner - Sia Partners

Chris Harner
Manging Director, Cybersecurity
Sia Partners

Will_Heffernan_10S

Will Heffernan
Director of Field Operations
CIMCON

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Anand Hingway
Executive Director, Environmental & Social Risk Management, US Region
CIBC US

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Cyril Korenbeusser
Chief Operational Resilience Officer
BNP Paribas

Pro-100x100

Tausif Khan
 Director, Third Party Risk Management
DTCC
Third Party Risk Management Advisory Board member
CeFPro

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Srini Masanam
 Global Head of Surveillance Data Quality
Citi

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Matthew Moore
Director, US Head of Operational Risk for Markets, Banking, Treasury
Barclays

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Ross Marrazzo
 EVP – Enterprise Chief Compliance Officer
 Flagship Bank

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Emily Nachlas
 Chief Risk Officer
Western Alliance Bancorporation

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Anita Nandakumar
Head of Operational Resilience – Global Markets
Goldman Sachs

Nariani_headshot

Monisha Nariani
Head of Sales Enablement and Strategy, Retail and Small Business Banking
US Bank

1589993831715-100x100

Jascha Prosiegel
Market Lead North America, AI Risksr
 Munich Re

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Marta Palanques 
Director, Assessment Methodology, Technology Risk Management
 Capital One

Prithivi_P

Prithivinath Prabhunath
Co-Founder and Head of Innovation
Solytics Partners

Charles-Shen-headshot

Charles Shen
Managing Director, Head of Model Risk Management
Societe Generale

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Sara Ricci
Former Head of Information Risk Governance and Resilience
HBC

Robert_Shearman

Robert Shearman
Product Manager, SaaS Application Lead
Aravo

DalitPicture 1

Dalit Stern
Managing Director, Enterprise Fraud Risk Officer
 TIAA

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Patrick Simonnet
Managing Director – Chief Audit Executive
 Bank of China

Profile Picture - Vikas Tyagi

Vikas Tyagi
Founder and CEO
Solytics Partners

Market Risk

Ian_Broff-100x100

Ian Broff
Head of Market Risk
USAA

P.J. Cole Risk Americas

P.J. Cole
Senior Sales Executive
Empyrean Solutions

Roger_Coroas

Roger Coroas
Head of Solutions Engineering, NAM
ActiveViam

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Lorenzo Cupido
 Chief Investment Risk Officer
  Prudential Financial

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Nabil Ez-zaoui
Managing Director, Head of Markets Advisory
 Mizuho

ashaDSC_6191-scaled-100x100

Asha Gowda
Director – Market Risk Governance
KeyBank

Vineet_Gumasta-100x100

Vineet Gumasta
Head of Balance Sheet Management – Rural Business
 Rabobank

Mike_G

Mike Guglielmo
Managing Director
Darling Consulting Group

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Bernhard Hientzsch
Head of Market Modeling Techniques (for Corporate Model Risk)
  Wells Fargo

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Sandeep Jain
 Director & Market Risk Executive
Bank of America

Jake_Katz_headshot_new

Jake Katz
Head of Analytics Research
LSEG

Shahab_Khan-100x100

Shahab Khan
Head of Liquidity Policy
 HSBC

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Sudhir Kumar
Head of Capital Management Oversight
 US Bank

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Sean Keenan
  Executive Director, RMDAD – Stress Testing
SMBC

Judah_Kaplan-100x100

Judah Kaplan
 Director – Independent Liquidity Risk – Legal Entities
BNY Mellon

ML-1-100x100

Markus Lammer
COO, Investment Banking and Capital Markets Americas
 UBS

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Ernest Lang
Head of ALM Analytic Solutions
Transamerica 

Andrew

Andrew Lakin
Head of Client Management North America
QRM

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Kai-Ching Lin
 Head of Model/Market Risk
Valley National Bank

headshotpic_ArunPolala

Arun Polala
Senior Quantitative Analyst
Wells Fargo

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Phil Ohana
Global Head of Market Risk Audit
UBS

Headshot Erdni Okonov

Erdni Okonov
Business Intelligence Practice Director
Arrayo

Prithivi_P

Prithivinath P
Head of Innovation
Solytics

OskarRoggHSBig2-100x100

Oskar Rogg
Managing Director, Head of Treasury
 Credit Agricole
Fintech Leaders Advisory Board member
CeFPro

Ronald_Ratcliffe_BlackRock-scaled-100x100

Ronald Ratcliffe, PhD
Managing Director in Applied Portfolio Analysis
BlackRock

Jorge-Segura-120x120

Jorge Segura
Senior Director, Head of IRBBB/ALM Risk Oversight
Santander

1677606757225-100x100

Shawn Snyder
 Global Investment Strategist, Executive Director
JP Morgan

Katya_Ternyayeva-100x100

Katya Ternyayeva
Managing Director, Americas Head of Liquidity and Funding
UBS

Ashutosh_Tripathi-100x100

Ashutosh Tripathi
Managing Director
Mizuho

1556756191147

Gavin Xu
Global Head of Markets Model Validation
HSBC US

Investment & Asset Risk

OLYMPUS DIGITAL CAMERA

David Adcock
SVP/Director of Credit Risk
Cadence Bank

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Erdem Aktug
Head of Model Risk – Retail, Securitization & FSL
 Morgan Stanley

George-1-100x100

George Bezerianos
   Managing Director, Global Head of Fixed Income and Wealth Management Valuation Control
Morgan Stanley

MitchellChad0405-100x100

Mitchell Chad
Senior (Managing) Director Stress and Impairment – Modeling and Analytics
RBC

Petr_Chovanec-100x100

Petr Chovanec
 Director
  UBS

Grace_Duggar-100x100

Grace Duggar
 SVP Model Risk
China Construction Bank

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Paul Diouri
Chief Risk Officer
Barings

Fabrice Fiol

Fabrice Fiol
Managing Director, Head of Risk Management
Kuvare Asset Management

Seyhun1-100x100

Seyhun Hepdogan
Director of Analytics
 Fifth Third Bank
Fintech Leaders Advisory Board member
CeFPro

Mike_G

Mike Guglielmo
Managing Director
Darling Consulting Group

Xiaowei_Han-100x100

Xiaowei Han
VP, Head of ALM
 TIAA

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Haibo Huang
Managing Director, Global Head of Credit Stress and Portfolio Analytics
 Morgan Stanley 

MyPicure-Dec2022-100x100

Aleksey Leksanov,
Managing Director, Head of Model Risk Management
 Mizuho

Fabien

Fabien Lemoine
Director – Senior Credit Officer – Leveraged Finance and Private Debt
Societe Generale Corporate and Investment Bank

1-1-100x100

Jonathan Liu
Risk and Treasury Professional
RBC

IMG_4920_1-100x100

Bernardo Mandri
 Executive Director, Head of Credit Risk Review
 ICBC

Naresh_Malhotra-100x100

Naresh Malhotra
Director
 Societe Generale Corporate and Investment Banking

Theresa_Meawed

Theresa Meawed
Senior Director & Head of Solutions Consulting
SS&C

Arsa-scaled-100x100 1

Arsa Oemar
Director, Model Risk Management
US Bank

1589993831715-1-100x100

Jascha Prosiegel
Market Lead North America, AI Risks
Munich Re

Sal Reh

Sal Rehmetullah
Founder & CEO
WorthAI

Headshot_AR-100x100

Alisa Rusanoff
Head of Credit/Trade Finance
  Crescendo Asset Management

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Heather Russell
Director – Quantitative Finance Manager
Bank of America

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Shahed Shafi
 Head of Counterparty Risk/Credit Products
US Bank

Devon Wijesinghe - HS

Devon Wijesinghe
President
Worth AI

Spend the day listening to in-depth thought leadership from industry experts to gain a better understanding of Stress Testing within your organization as this is a growing challenge for 2024. Please see the confirmed line-up so far below and come back for updates as more thoughts leaders are come on-board.

This masterclass will last from 9-5pm ET, due to the interactive nature of the masterclass sessions will be slightly longer however there will be ample time for breakfast, lunch and refreshments throughout the day. Please note that spaces will be limited as we hope for a hands-on, collaborative experience between presenters and the audience.

Stress Testing Forum Agenda

9:00-9:40

Reviewing an overview of stress testing scenarios and best practices moving forward

View Session Details

  • Why stress testing? Potential use cases
      • Capital planning
      • Limit monitoring
      • Identifying vulnerabilities
      • Other (e.g., Climate, Strategic Risks)
    • How the end to end process works
    • Stress scenario identification and design
    • Portfolio coverage and model use
      • Review and governance
      • Best practice and lessons learned
    • Thoughts on the future of stress testing
Basyu

Anindya Basu, Head of Rapid Stress Testing,  Citi

9:40-10:40

Market-driven scenarios: An approach for plausible scenario construction

View Session Details

  • Why scenario analysis is crucial to managing investment risk
    • Statistical models do not accurately highlight the risk of discrete events
  • Describing BLK’s market driven scenarios framework
    • To provide a comprehensive understanding of potential market scenarios
  • The step-by-step process of creating scenarios:
    • Identifying key variables and factors
    • Utilizing historical data and market trends to size the shocks
    • Balancing quantitative and qualitative analysis
    • Disseminating results to investors and clients
  • Scenario case study
    • Scenario narrative
      • Crafting a compelling narrative for a specific scenario.
      • Incorporating relevant market dynamics and variables
    • Shock variable selection
    • Shock sizing
      • Quantifying the magnitude of shocks
      • Assessing the potential impact on the market
    • Scenario severity assessment
      • Evaluating the severity of each scenario.
      • Determining the likelihood of occurrence.
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Yakov Shenkman,  Director, Head of Risk for Fundamental Equity in Americas,   Blackrock

151656553306911

Chanchal Srivastava, Vice President,Blackrock

10:40-11:00
Morning refreshment break and networking

11:00-12:00

Next phase in scenario analysis: Benefits of linked scenarios/integrated risk analysis and breaking down silos

View Session Details

  • Risk identification and risk assessment across different risk areas (capital risk, liquidity risk, market risk, operational risk, etc)
  • Where and when risks collide (going back to balance sheets)
  • Why are linked stress scenarios so important? Lessons learned from the last 5 years.
  • Difficulties in generating linked stress scenarios-doing integrated risk management
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Deniz Tudor,  Head of Modeling, Bread Financial

12:00-12:45

Introducing structural/time elements into stress testing estimates and including hedging

View Session Details

  • How to incorporate delta hedging in stress estimates for books with convexity
  • How deal with books with directional exposure on liquid underlying
  • Extending a scenario to counterparty credit books, accounting for different time dynamics
  • Keeping stress estimates “coherent” across scenarios and books
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Alberto Scalari, Head of Market and Counterparty Credit Stress Testing Program, BMO

12:45-1:45

Lunch and networking break

1:45-2:45

Liquidity stress testing

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  • Evolution of liquidity stress testing.
  • Matters about the liquidity stress test design, such as:
    • Scope
    • Scenario development
    • Assumptions
    • Outputs
    • Governance
    • Integration with other risk models
  • Tools / Metrics to measure stress liquidity risks.
  • Lessons from the 2023 liquidity events
  • Forward-looking: liquidity optimization
    • Liquidity vs Yield
    • Liquidity vs Capital
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Teresa Tian, Director -Market and Liquidity Risk,   Brighthouse Financial

2:45-3:15

Credit Risk Concentration Measurement

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  • Why concentration risk matters – how much does it matter?
  • Univariate concentration measures and why they’re not great
  • Bivariate measures using a Monte Carlo model and why they are great
  • Summary measurement and attribution
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Sean KeenanExecutive Director, RMDAD – Stress Testing, SMBC

3:15-3:45


Afternoon break

3:45-4:45

Wrap up panel discussion

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Yakov Shenkman,  Director, Head of Risk for Fundamental Equity in Americas,   Blackrock

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Deniz Tudor, Head of Modeling, Bread Financial

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Teresa Tian,  Director -Market and Liquidity Risk,  Brighthouse Financial

4:45

End of forum

Stress Testing Forum Speaker Line-Up

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Yakov Shenkman, Director
Head of Risk for Fundamental Equity in Americas
  Blackrock

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Alberto Scalari
 Head of Market and Counterparty Credit Stress Testing Program,
  BMO

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Deniz Tudor
Head of Modeling
 Bread Financial

Basyu

Anindya Basu
Head of Rapid Stress Testing
Citi

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Chanchal Srivastava
Vice President
Blackrock

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Teresa Tian
Director -Market and Liquidity Risk
Brighthouse Financial

Sean k

Sean Keenan
Executive Director, RMDAD – Stress Testing
SMBC

After high demand CeFPro will be hosting an AI in Banking forum. Gain further understanding from leading industry experts as we take a look at the current AI landscape with thought leaders from Arvest Bank, UBS & New York Life Insurance Company through interactive sessions and case studies, followed by an afternoon of in-depth, practical experience for Machine Learning Model Validation with the Wells Fargo team.

This masterclass will last from 9-5pm ET, due to the interactive nature of the masterclass sessions will be slightly longer however there will be ample time for breakfast, lunch and refreshments throughout the day. Please note that spaces will be limited as we hope for a hands-on, collaborative experience between presenters and the audience.

AI in Banking Forum Agenda

9:00-9:40

Case Study: Developing an enterprise AI governance program.

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  • Challenges of designing and implementing an Enterprise AI Governance program
  • Reviewing available resources
  • Case study: Designing and implementing a program
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Chris Smigielski, Director Model Risk Management, Arvest Bank

9:40-10:40

Governance of all AI applications

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  • Responsible AI: definition and importance 
  • Governance of AI: Structure, Roles & Responsibilities, Policies & Guidelines, Talent & Training  
  • AI Lifecycle and Risks: Define lifecycle phases and identify AI Risks  
  • Role of MRM in implementing AI governance for AI/ML models 
  • Vendor models and tools vs in-house built solution 
  • Need for enhanced AI standards and controls  
  • AI Inventory  
  • Measuring Inherent Risk of AI Applications 
  • Regulation of AI models and approaches 
  • AI Residual Risk 
  • Use and Monitoring  
  • Future state of regulations of AI models 
Rodanthy_

Rodanthy Tzani, Head of Model Risk Management, New York life Insurance Company

10:40-11:00

Morning refreshment break and networking

11:00-11:45

Developing a corporate AI policy

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  • Incorporating use of AI in any aspect
  • Collaboration across teams
  • AI as a driver, an engine or a component of all operations
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George Soulellis, Enterprise Model Risk Officer, Freddie Mac

11:45-12:30

Revolutionizing banking with AI: Insights from the frontlines of data

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AI-Powered Model Redevelopment:
– Discuss how AI, particularly GPT and similar models, have been instrumental in redeveloping quantitative models.
-Case studies/examples from our experience in model redevelopment.
-Benefits realized (accuracy, efficiency, etc.) and challenges encountered.

GPT for Enhanced Documentation Rendering:
– Explaining the application of GPT in automating and improving documentation processes.
– Impact on efficiency, accuracy, and compliance in reporting and communication.

Data Security Concerns in AI Applications:
-Addressing data privacy and security challenges specific to AI in banking.
– Strategies employed to mitigate risks, including any innovative approaches or tools used.

Navigating Limitations and Future Outlook:
– Discussing the current limitations of AI tools in banking, including GPT.
– How these limitations are being addressed, and the potential future developments in AI for banking

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Audie Wang, Executive Director, Head of Quantitative Analytics and Data Science, Americas Finance, UBS

12:30-1:30

Lunch break and networking

1:30-3:15

Machine Learning Model Validation (Led by Wells Fargo)

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    • Introduction to minimum functionality tests for conceptual soundness and outcome analysis
    • Conceptual soundness testing which includes data quality test, variable selection and causality test, explainability and model benchmarking with inherently interpretable machine learning.
    • Outcome analysis which includes identification of model weakness through error slicing, reliability (evaluation prediction uncertainty and isolating regions with high uncertainty), robustness: sensitivity to input noise and assessing the impact of distribution drift.
    • Understand the concept behind PiML and to be able to apply PiML fluently.

     

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Aijun Zhang, Executive Director, Head of Validation Engineering, Wells Fargo

3:15-3:30

Afternoon refreshment break and networking

3:30-4:00

Trust by design: Pioneering explainable AI in customer-facing technologies

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  • Overview of pivotal fields and considerations for AI’s impact to Banking: Ethics & Transparency, Employment, Personalization
  • How current governmental, social and business trends necessitate leading from the front in a fluid environment
  • Perspectives on the current climate of each, how to navigate, and best practices from Worth AI’s Head of AI
  • Moving Explainable AI solutions from data science teams to end-user customers to bridge the transparency gap
  • Combining these considerations into a governance framework for AI-powered credit-decision solutions
Arya Eskamani hs

Arya Eskamani, Vice President, Analytics & Artificial Intelligence, Worth AI

4:00-5:00pm

Wrap up panel discussion

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Chris Smigielski, Director Model Risk Management, Arvest Bank

Rodanthy_

Rodanthy Tzani,Head of Model Risk Management, New York life Insurance Company

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George Soulellis,Enterprise Model Risk Officer, Freddie Mac

Arya Eskamani hs

Arya Eskamani, Vice President, Analytics & Artificial Intelligence, Worth AI

5:00pm

End of forum

AI in Banking Full Speaker Line-Up

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Aijun Zhang
Executive Director, Head of Validation Engineering
 Wells Fargo

Rodanthy_

Rodanthy Tzani
Head of Model Risk Management
New York life Insurance Company

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Chris Smigielski
Director Model Risk Management
Arvest Bank

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Audie Wang
Executive Director, Head of Quantitative Analytics and Data Science, Americas Finance
UBS

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George Soulellis
Enterprise Model Risk Officer
Freddie Mac

Arya Eskamani hs

Arya Eskamani, Vice President, Analytics & Artificial Intelligence, Worth AI

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