Non-Financial & Operational Risk USA agenda

Day Two | October 5


Registration and breakfast


Chairs opening remarks

Day two moderator: Colleen Milazzo, Third Party Risk Management Software Products, Shared Assessments


Managing increased financial crime risk and opportunity in an adverse economic environment

  • Difficulties mapping data and sources
    • Identifying systems and vendors across geographies
  • Defining level of importance and criticality
    • Managing disparities across regulatory jurisdictions
    • Mapping across requirements and identifying minimum standard
  • Enhancing collaboration across enterprise architecture
  • Aligning the five core pillars of operational resilience
  • Ensuring plans are fluid to keep up with changing environment
  • Identifying critical business services
    • Ensuring continuity of critical business services

Chris Brozenick, VP Product Marketing, Dataminr

Patricia Catharino, Head of Risk Management & Internal Controls, U.S. and Caribbean, SVP, Banco Itau International


Convergence and integration of compliance, operational risk and enterprise risk under one framework

  • Tracing illicit funds across certain jurisdictions
  • Expansion of collaborating amongst law enforcement agencies globally
  • Collaboration to trace illicit funds
  • Awareness and training regarding foreign bribery and theft
  • Capabilities to investigate and prosecute
  • Approaches to expedite bank to bank request for information
  • Internationally and domestically
  • Reviewing Fincen top priorities

Michael Steinhoefel, Director, Operational Risk Management, Barclays

Hafsteinn Gislason, SVP- Operational Risk Director, M&T Bank


Morning refreshment break and networking


Reviewing the changing landscape of techniques and tactics within fraud and financial crime

  • Monitoring social engineering techniques and scams
  • Increased physical theft techniques and check fraud
  • Speed to investigate, resolve and remediate
  • Forward looking reporting metrics to monitor emerging risk
  • Reviewing FinCEN Anti-Money Laundering Act requirements
    • Application to financial institutions
  • Managing expectation of change
  • Requirements for beneficial ownership
  • Managing and reporting discrepancies

Thomas Mangine, former Director, AML & MLRO, BMO


Managing the global geopolitical environment and techniques to stay ahead of fast-moving sanctions regimes

  • Working with clients exposed to Russia sanctions
  • Managing sanctions requirements in jurisdictions
    • Challenges with fluid nature of borders
  • Managing the risk of secondary sanctions
  • Developing consolidated escalation protocols
  • Managing continued uncertainty around sanctions expectations
  • Identifying exposure to sanctioned individuals and entities

Brandon Smith, Director, Sanctions Head, Treasury and Trade Solutions Business, Credit Suisse

Alice Rojas, Director, Americas Head of Sanctions Compliance, Societe Generale


Lunch break and networking


Incorporating diversity, equity and inclusion strategy to diversify NFR views.

  • Leading multi-dimensional non-financial risk teams while embracing DE&I as part of your strategy.
  • Gaining holistic understanding of an organization’s vulnerabilities while creating an environment that builds trust, and challenges assumptions.
  • Being nimble in a dynamic risk environment and leveraging collective understanding in execution

Daniel E Worrell, Head of Non-Financial Risk Department, Federal Reserve Bank of New York 


New developments in third-party technology risk and model governance

  • Managing third-party risk across multiple dimensions
  • The role of model risk governance in an integrated third-party risk management framework
  • Regulatory guidance and industry best practices in technology-related risk management
  • Examples and case studies

Sonia Jarvis, Director, Quantitative Modelling, Fannie Mae


Reviewing changing regulations around AI and machine learning and increased uses across silos

  • Unstructured, semi-structured, and structured data sets
  • Dataset validation for machine learning
  • Leveraging tools to run machine learning models for risk
  • Monitoring reliability and stability of AI tools
  • Aligning technology and risk partners language
  • Explainability and interpretability of ML models for regulatory and internal requirements
  • Information risk with accuracy of information shared

Sandeep Maira, former Head of Strategic Systems, The OCC


Chair’s closing remarks


End of Congress