Non-Financial & Operational Risk USA agenda

Day Two | October 5

8:15-8:50

Registration and breakfast

8:50-9:00

Chairs opening remarks

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

9:00-9:45

RESILIENCE – PANEL DISCUSSION
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

9:45-10:30

CONVERGENCE – PANEL DISCUSSION
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

10:30-11:00

Morning refreshment break and networking

10:50-11:35

FINANCIAL CRIME
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

11:35-12:20

SANCTIONS – PANEL DISCUSSION
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

12:20-1:20

Lunch break and networking

1:20-1:55

DEI
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 

1:55-2:20


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

2:30-3:05

TECHNOLOGY
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

3:05-3:15

Chair’s closing remarks

3:15

End of Congress