Risk Americas 2020 Draft Page

9th Annual Risk Americas Convention 2020
Day One | May 12, 2020
Marriott Downtown, NYC

8:00 Registration and breakfast | 8:40 Center for Financial Professionals Welcome | 08:50 Chair’s Opening Remarks

 

KEYNOTE ADDRESS

9:00 Aligning risk appetite with strategic objectives and using to drive business

Session details 

  • Evolution of risk appetite and priorities and making risk appetite actionable
  • Combining qualitative statements and quantitative metrics
  • Stature of risk in an organization
  • Education of risk appetite and keeping it at the forefront
  • Changing and embedding risk culture into risk appetite
  • Aggregating metrics to balance risk appetite and risk profile

Michael Alix, Americas CRO, UBS

 

PANEL DISCUSSION

9:35 Reviewing the role and skillsets of the CRO and risk management team in an evolving technical landscape

Session details 

  • Changes to the role with ongoing automation
  • People risk and impact on staffing
  • Requirements from academia to produce new candidates
  • Changes in requirement profile with increased use of AI and machine learning
  •  Skillsets and talent for senior personnel

Oliver Jakob, International CRO, Mitsubishi UFJ
Anthony Peccia, CRO, Citibank Canada
Vivek Tyagi, CRO, Transaction Banking, Goldman Sachs 

 

KEYNOTE ADDRESS

10:15 Incorporating ESG into strategy & planning and considerations for risk teams

Session details 

  • ESG issues for ethical investing
  • Incorporating into portfolios
  • Understanding where risk plays a part
  • Reducing carbon footprint of the industry

Jacques Longerstaey, CRO, Nuveen 

10:50 Morning refreshment break and networking

Stream One: Innovation in Risk Management

Stream Two: Non-Financial Risk and Resilience

Stream Three: Market Trends and Financial Risk

Stream Four: Model Risk Management

 

AUTOMATION AND EFFICIENCY

11:20 Use of technology and opportunities for automation and efficiency

Session details 

  • Reducing labour intensive functions
  • Substituting for high productivity automated solutions
  • Reducing manual input
  • Explainability of models
  • Harmonizing data sources and creating intelligence systems
  • Increasing automation and analytics

Azlina Wetmore, Head of Commercial Credit Policy and Innovation, Capital One 

 

CYBER RISK

11:20 Building effective cyber security defences and mitigating the risk

Session details 

  • Increased investment across the industry
  • Increased use of ransomware: Understanding exposure
  • Controls and mitigation
  • Education gap between risk and technology teams
  • Global data privacy requirements
  • Safeguarding the information of customers

Tom Wells, SVP, CRO, Digital, US Bank 

 

REPO MARKETS

11:20 Reviewing changes to US repo market and impact on liquidity and funding

Session details 

  • Funding from the Federal Reserve
  • Short term repo rate fluctuations
  • The impact of compliance and regulation on liquidity
  • Spike in interest rates
  • Impact on treasury and funding
  • Changes to business

Oskar Rogg, MD, Head of Treasury, Americas, Credit Agricole

 

MODEL DEFINITION

11:20 Managing expanded definitions of a model and incorporating qualitative models and methodology

Session details 

  • Expanding definitions rom regulators
  • Movement towards qualitative models
  • Treatment of AI and machine learning
  • Impact to inventory
  • Determining models vs. non models and qualitative methodology

 

PANEL DISCUSSION

12:00 Exploring opportunities of FinTech innovation on risk management and financial services

Session details 

  • Protecting customers and reputation when making decisions
  • Use cases and case studies
  • Influence on solving risk problems
  • Partnering with FinTechs
  • Getting comfortable with black box models

Murad Nayal, Global Head of Risk Informatics, Goldman Sachs
Chris Ekonomidis, Director, BNY Mellon
Markus Kammer, COO UHNW, Investment Banking and Capital Markets, Credit Suisse tbc
Manoj Kulkarni, Managing Director, Barclays 

 

PANEL DISCUSSION

12:00 Building cyber resilience to protect customers and the institution

Session details 

  • Creating innovative processes to defend internally and externally
  • How risk and cyber security teams are acting harmoniously to serve the business interests
  • Changing culture to be more cyber aware
  • Building controls to keep ahead of change
  • Risk identification and assessment

Tom Wells, SVP, CRO, Digital, US Bank
Byron Collie, Head of 2nd Line Cybersecurity Risk in Operational Risk, Goldman Sachs
 Rajat Baijal, MD, Global Head of Enterprise Risk, Cantor Fitzgerald
Phil Masquelette, SVP and CRO, Ulster Savings Bank 

 

PANEL DISCUSSION

12:00 Impact of interest rate risk on pricing and portfolios

Session details 

  • Preparedness of infrastructure for a low or negative rate environment
  • Impact of negative European rates
  • Impact on pricing and portfolios
  • Best practice to monitor risk in a low rate environment
  • Modeling to asses impact
  • Testing and monitoring
  • Global rate environment
  • Internal audit approaches to interest rate risk

Dajun Tuo, Head of Market Risk Analytics and Economic Capital Modeling, GE Capital
Mike Huff, Senior Director, Portfolio Management and Asset Allocation, TIAA
Oliver Jakob, International CRO, Mitsubishi UFJ
Michael Yemola, Audit Director, TD Bank 

 

PANEL DISCUSSION

12:00 Model inventory: Tools and techniques for an accurate inventory

Session details 

  • Inventory management to identify all models
  • Identifying where models are and where data comes from
  • Increasing efficiency and automation opportunities
  • Validating models and data input
  • Approaches to ensure inventory is complete
  • Model risk control and governance process

Teuku Arckyansyah Meraxa, Director, Strategic Initiatives and Model Governance, American Express
Judith Hilton,
Regional Chief Risk Officer, Deutsche Asset Management
Andreza Barbosa, Global Head of Model Governance, Goldman Sachs
Chris Smigielski, VP, Model Risk Management, Arvest Bank 

12:50 Lunch break and networking

 

CLIENT EXPERIENCE

1:50 Establishing a mature client experience practice as part of the digital transformation strategy

Session details 

  • Understanding CX as a practice and its impact
  • The role of design as part of the practice
  • Navigating cultural differences
  • Establishing new ways of working

Martin Lange, Director, Client Experience Strategy, BNY Mellon 

 

PAYMENTS

1:50 Reviewing progress to update payment systems and mitigate the risk

Session details 

  • Increased use of mobile banking
  • Monitoring third party platforms
  • Risk of real time transactions and limited monitoring
  • Transparency and understanding of where money is coming from
  • Managing and monitoring risk

 

ECONOMIC DOWNTURN

1:50 Managing uncertainty in markets and preparing for the next recession

Session details 

  • Changes to risk profile
  • Managing balance sheet and asset liability
  • Interest rate and liquidity changes
  • When will the next downturn be and how severe will it be?
  • Economic factors pointing to a recession
  • Managing a future credit crunch

Phil Ohana, Executive Director, Market Risk Audit Expert, UBS 

 

RISK QUANTIFICATION

1:50 Quantifying model risk to report a full view of risks to management

Session details 

  • Using models to define and measure risk
  • Aggregating risk and reporting
  • Approaches to aggregate model risk
  • Regulatory expectations

Kapil Vohra, Director, Head of Barclaycard IVU, Barclays 

 

AI AND MACHINE LEARNING

2:30 Practical uses and opportunities of AI and machine learning across the business to increase efficiency

Session details 

  • Practical uses of the technology
  • Looking beyond proof of concept
  • Adopting of techniques in second line
  • Validating first line processes
  • Determining appropriate uses and building controls
  • Protecting customers with algorithms

Swapna Malekar, Product Lead, RBC

 

NON-FINANCIAL RISK

2:30 An integrated practical framework for managing non-financial risks

Session details 

Anthony Peccia, Chief Risk Officer, Citibank Canada 

 

ECONOMIC DOWNTURN CONTINUED

2:30 Part II - Preparing for the next economic downturn and volatile market conditions

Session details 

  • What is different/similar this time?
  • Quantitative and qualitative considerations
  • Ensuring your framework is forward-looking and effective
  • maintaining discipline and ensuring action ability
  • Portfolio rebalancing and strengthening your balance sheet
  • Risk mitigation, structured solutions, and insurance protection

Stevan Maglic, SVP, Head of Quantitative Risk Analytics, Regions Bank 

 

MODEL REVIEW

2:30 Model review process: Ensuring models capture core risks for the business

Session details 

  • Reviewing basic assumptions
  • Balancing quantitative validation with business needs

3:10 Afternoon refreshment break and networking

 

AI AND MACHINE LEARNING

3:40 Managing risk of AI and machine learning models and understanding outputs

Session details 

  • Regulatory outlook on use of automation techniques
  • Demonstrating to regulators understanding of algorithm process and outputs
  • Building governance structures
  • Responsible adoption of AI and machine learning
  • Removing bias from data and outputs
  • Producing a maturity model for AI

Yogesh Mugdal, Director, Emerging Technology Risk, Citi

 

THIRD PARTY RISK

3:40 Developing comprehensive third-party risk programs for enterprise wide oversight and controls

Session details 

  • How risk is shifting to third parties
  • Regulators engaging third parties to develop risks and controls
  • Developing KRIs and risk mitigation strategies
  • Developing a sophisticated third party risk management program
  • Roles of risk, operations and procurement across the lifecycle
  • Contract validation
  • Establishing effective metrics

 

BOND MARKETS

3:40 Impact of changes to corporate bond market on risk teams

Session details 

  • Increased leverage in bond market
  • Housing market outpacing wages
  • Impact of a downturn or recession
  • Increased risk of default
  • Opportunities and risk of the leverage corporate market

 

ENTERPRISE MRM

3:40 Incorporating model risk management principles across lines of business and risk

Session details 

  • SR11-7 rule to ensure consistent approaches
  • Validation of models and assumptions
  • Creating overlays and expert judgement to produce scenarios
  • Aligning unique composition of portfolios
  • SME to evaluate conceptual soundness

Heather Russell, Director Model Risk Management, Bank of America 

 

REGTECH

4:20 Regulation and technology: Impact of regulatory changes on systems and updating technology

Session details 

  • Capturing more data and risk
  • Upgrading current models
  • Regulatory view on technology uses

Olmo Vázquez, Global CEO, Mirai ALM Advisory & MAT

 

RISK ID

4:20 Risk identification and risk reporting as a value added process to drive decision making

Session details 

  • Identifying and aggregating material risks
  • Striking the balance between granularity and high level risks
  • Meeting internal reporting expectations and managing risk
  • Meeting regulatory demands and concerns
  • Educating the board to interpret the risk information
  • Enabling true risk identification

Julia Lo, Director, Prudential 
James McIntosh, ED, Head of Enterprise Risk Management Programs, CIBC 

 

IBOR

4:20 An update on developments with IBOR replacement rates and the anticipated market conditions post transition

Session details 

  • Global replacement indexes
  • Differences with new reference rates
  • Functionality of SOFR
  • Trading SOFR based products
  • Finding stability in SOFR performance
  • Overnight collateral with no credit spread

Tom Braun, Executive Director, Head of CUSO Liquidity and Funding, UBS 

 

MODEL LIFECYCLE

4:20 End to end management of model risk

Session details 

  • Lifecycle of a model
  • Finding models to build inventory
  • Finding data sources
  • Ongoing management and checking

 

PANEL DISCUSSION

5:00 Leveraging Blockchain technology and potential advances within risk management functions

Session details 

  • Uses for internal ledger accounting
  • Utilizing for fraud prevention
  • Mandating requirements
  • Decentralized financing disruption to traditional banking
  • Uses of digital currency: Facebook Libra and JP Morgan case study
  • Using blockchain for risk detection

 

PANEL DISCUSSION

5:00 Building resilience principles into operational risk to maintain critical services

Session details 

  • Relationship with risk appetite
  • Guidance in the US compared to Europe/UK
  • Converting existing processes and frameworks
  • Assigning critical business owners
  • Understanding where resilience fits within a risk management framework
  • Methodologies and structures

Melissa Mellen, Officer and Department Head of Policy, Analytics and Vendor Strategy, Federal Reserve Bank of New York
Mark Reifenberg, Senior CFI Analyst, FDIC tbc
Mark Frankel, Regional Head for Technology Risk and Operational Resilience, Deutsche Bank
Clarice Carotti, Head of Market, Liquidity and Operational Risk Management, Intesa Sanpaolo NY Branch 

 

PANEL DISCUSSION

5:00 Reviewing internal requirements to facilitate IBOR transition including technology, contract review and modeling

Session details 

  • Creating a comprehensive inventory of contracts
  • Changing current contracts and legal agreements to new rates
  • Renegotiation of contracts on a bilateral basis
  • Impact on models and business processes
  • Updating all models using LIBOR rates
  • Volatility matrix recalibration
  • Eliminating conduct risk
  • Next steps to ensure compliance

Tom Braun, Executive Director, Head of CUSO Liquidity and Funding, UBS
Chris Ekonomidis, Director, Transformation, BNY Mellon
John Schiavetta, Deputy Chief Risk Officer, Alliance Bernstein
Spencer Langston, Derivatives Lead, LIBOR Transition Office, Wells Fargo 

 

PANEL DISCUSSION

5:00 Model validation techniques

Session details 

  • Improving efficiency of validation activities

Oscar Zheng, Head of Global Market Risk Model Validations, BNP Paribas
Vishant Sharma, Director of Quantitative Specialists and Model Risk, Federal Reserve Bank of Atlanta tbc 
Ajeeth Sankaran, US Head, Model Risk, Scotiabank
Manuj Gupta, Director of Risk Management, HSBC 

5:50 Chair’s closing remarks | 6:00 End of day 1 and drinks reception 

9th Annual Risk Americas Convention 2020
Day Two | May 13, 2020
Marriott Downtown, NYC

8:15 Registration and breakfast | 8:40 Center for Financial Professionals Welcome | 08:50 Chair’s Opening Remarks

 

KEYNOTE ADDRESS

9:00 Change control and digitalization: Technology opportunities driving change agendas

Session details 

  • Adopting agile practices
  • Finding change agents with a risk background
  • Staying in control of risks amongst increased change
  • Managing data throughout change process
  • Continuously challenging efficiency
  • Managing security risks in a changing landscape
  • Data security processes
  • Increased demand for self-service processes

 

PANEL DISCUSSION

9:30 Contingency planning for future economic downturn and increase geopolitical uncertainty

Session details 

  • Risk management strategies to consider geopolitical
  • Technology capabilities of countries causing disruptions
  • What will cause the next recession?
  • Demand for new products to hedge risk
  • House insurance to protect against climate change
  • Capitalization to manage the risk
  • Operational preparation and market risk impact preparation

Geoff Craddock, CRO, MassMutual
Tatiana Segal, CRO, Morgan Stanley Investment Management 

10:10 Morning refreshment break and networking

Stream One: Innovation in Risk Management

Stream Two: Non-Financial Risk and Resilience

Stream Three: Market Trends and Financial Risk

Stream Four: Model Risk Management

 

QUANTUM COMPUTING

10:40 Developing use cases for quantum computing in finance and uses in risk management

Session details 

  • Overhaul of encryption approaches
  • Changing securing channels and data storage

 

RISK ANALYTICS

10:40 Aggregating metrics to balance risk appetite and risk profile

Session details 

  • Framework to construct an institutions risk appetite
  • Methodology to support risk appetite with qualitative statement and quantitative metrics
  • Monitoring risk profile with risk appetite using risk indices which aggregate an institution’s risk posture across level 1, 2 and 3 risk categories
  • Balancing the ‘art’ and ‘science’ of constructing of risk indices

Arindam Majumdar, Managing Director, Enterprise Risk Analytics and Reporting, Bank OZK 

 

FRTB

10:40 The future of FRTB in the US and interaction with market changes

Session details 

  • Standardized approach vs. internal models approach
  • Impact on individual banks and markets
  • Corporate governance responsibilities
  • Calculating non-modelable risk factors
  • P&L alignment
  • How does FRTB interact with CECL and IBOR changes?

 

ADVANCED ANALYTICS

10:40 Monitoring and validation of neural networks and advanced analytics

Session details 

  • Assessing model risk if models are automatically changed

Xiaoling Yu, Director of Model Validation, KeyBank 

 

PANEL DISCUSSION

11:20 Positioning and evolving privacy programs to account for different programs across jurisdictions

Session details 

  • Developing systems to facilitate changing requirements
  • Preparing for state changes
  • Keeping ahead of change
  • Intersection of regulation and technology
  • Cross border challenge for institutions operating across jurisdictions
  • Relationship between data portability and privacy
  • Balancing privacy and commerce

 

James Bone, Lecturer in Discipline, ERM, Columbia University’s School of Professional Studies ERM Program
Douglas Bloom, ED, Head of Cybersecurity and North American Privacy Law, Morgan Stanley tbc 

 

PANEL DISCUSSION

11:20 Utilizing new AML tactics to detect activity and increase efficiency in monitoring

Session details 

  • Bringing AI and machine learning into AML monitoring
  • Increasing efficiency in outputs
  • Eliminating or reducing false positives
  • Reallocating resources to more important investigations
  • Challenges for FBOs complying with multiple requirements
  • KYC and client onboarding practices
  • Engaging KRIs and risk appetite

Mark Elkommos, Manager, Financial Crime Risk Assurance, HSBC
Xiaoling Yu, Director of Model Validation, KeyBank

 

PANEL DISCUSSION

11:20 Managing global focus towards climate change agendas and impact to business lines and product offerings

Session details 

  • Reputation impact of not keeping up
  • Insurance and credit worthiness
  • Global regulatory initiatives

John Schiavetta, Deputy Chief Risk Officer, Alliance Bernstein
Malik Ali, VP,  Audit, Head of Capital markets, Private Equity and Infrastructure Audit, OMERS
Attila Kerényi, Head Financial Risk Management and CRO, Asset Management, Swiss Re Group 

 

PANEL DISCUSSION

11:20 Collecting the right data and building transformation programs

Session details 

  • Data limitation with disparate systems
  • Mitigating data limitation
  • Meeting regulatory model development standards
  • Developing models for small portfolios or products
  • Qualitative capture of broad set of risks
  • Ongoing monitoring for qualitative models

Michael Harmon, Managing Director, Market Risk Management, Wells Fargo
Katherine Zhang, MD, Head of Integrated Analytics Team, State Street
Abhisekh Adukia, Director, Model Risk, Alliance Bernstein
Dan Hong, First VP, Accounting Policy and Financial Reporting, Apple Bank 

12:10 Lunch break and networking 

 

DATA

1:10 Developing data management infrastructure to support compliance and change programs

Session details 

  • Making data less siloed and accessible across the organization
  • Effective quality assurance and control programs
  • Developing preventative practices
  • Identifying data lineage
  • Developing data hygiene programs

Michelle Hubertus, MD, Risk Data Management and Innovation, Deutsche Bank 

 

BUSINESS EMAIL COMPROMISE

1:10 Educating and protecting customers and staff from business email compromise and reducing vulnerabilities

Session details 

  • Vulnerabilities to scams regardless of company size
  • Social engineering increasing vulnerability
  • Training and awareness internally and of customers
  • Liability of banks vs. customer
  • Reputation damage
  • Limiting functionality offerings on products and services
  • Building relationships to protect customers
  • Communications for fraud or market abuse situations

Rajeev Dave, Director, Compliance, Barclays 

 

LIQUIDITY RISK

1:10 Interplay across liquidity risk requirements and ensuring compliance in a changing landscape

Session details 

  • Composition of deposits in different institutions
  • Funding models to maintain liquidity
  • Transferring the cost of liquidity across lines of business
  • Adjustments for different sized institutions
  • Wholesale funding in the market
  • Calculating and monitoring NSFR

Andrew Craig, Funding and Liquidity Risk, Federal Reserve Bank of New York 

 

AI AND MACHINE LEARNING

1:10 Managing machine learning and artificial intelligence model risks

Session details 

  • Model and data security risks
  • Business risk of bringing in viruses
  • Capturing risks specific to machine learning
  • Embedding across the bank
  • Developing guidance for validation and governance
  • Applicability of SR11-7 to AI and machine learning models

David Palmer, Division of Banking Supervision and Regulation, Federal Reserve Board 

 

CLOUD

1:50 Implementation strategies to ensure security and accessibility of data on the cloud

Session details 

  • Making models portable in the cloud
  • Education on using cloud and ensuring security
  • Vulnerabilities storing externally
  • Managing as a third party
  • Data portability across jurisdictions
  • Data governance frameworks
  • Transparency of infrastructure

 

FRAUD AND FINANCIAL CRIME

1:50 Reviewing the fraud and financial crime landscape and evolution of threats

Session details 

  • Progress in human trafficking
  • Leveraging public/private partnerships

Kelley Chamberlain, Global Financial Crimes Intelligence Group, Financial Crimes Risk Management, Wells Fargo 

 

INTRADAY LIQUIDITY

1:50 Managing processes and methodology for intraday liquidity and ensuring operational efficiency

Session details 

  • Buffer to hold for intraday liquidity stress
  • Frameworks and policies raise awareness across the firm
  • Establishing FTP delivery or API connectivity with vendor to ensure accurate and efficiency daily data transmittal
  • Automating liquidity risk reporting via Python
  • Established daily minimum liquidity limit to battle T+0 redemption via NSCC

Lu Chang, Chief Risk Officer, Angel OakCapital 

 

VALIDATING MACHINE LEARNING MODELS

1:50 Best practices for validating machine learning models

Session details 

  • Defining an AI model
  • Managing transparency of AI models
  • Making models explainable to users, validators and auditors
  • Skillsets needed for development and validation
  • Keeping up with frequency of model recalibration

Roderick A Powell, SVP, Head of Model Risk Management, Ameris Bank 

 

PANEL DISCUSSION

2:30 Assessing the implications of CeFPro's international research on the FinTech ecosystem: How can we define the current FinTech ecosystem?

Session details 

  • Interactive session benchmarking audience views and survey responses
  • Insight into the key findings of the global FinTech Leaders research
  • Participate in Q&As and interactive polls throughout

Joshua Kotok, Chief Risk and Compliance Officer, First Savings / CeFPro FinTech Advisory Board Member
Manan Rawal, Head of US Model Risk Management, HSBC / CeFPro FinTech Advisory Board 

 

PANEL DISCUSSION

2:30 Key findings from CeFPro's Non-Financial Risk Leaders survey and report

Session details 

Jack Sprague, SVP, US Head of Operational Risk Policy, Framework, Capital and Stress Testing, HSBC/CeFPro NFR Advisory Board Member
Jeremy Resler, VP, Director of Third Party Risk Management Governance, US Bank/CeFPro NFR Advisory Board Member
Chris Smigielski, Director of Model Risk Management, Arvest Bank/CeFPro NFR Advisory Board Member 

 

PANEL DISCUSSION

2:30 Reviewing the post implementation impact of CECL on books and the business

Session details 

  • Implications incorporating life of loan into stress testing
  • Standardizing data execution process

Julio Rivera, VP, Director of CCAR, CECL and Stress Testing Model Implementation, Production and Reporting, US Bank
Julia Litvinova, Head of Model Validation, Managing Director, State Street
Jose Canals-Cerda, Senior Special Advisor, Federal Reserve Bank of Philadelphia 

 

PANEL DISCUSSION

2:30 Evaluating fairness and bias in models for proactive mitigation of algorithmic bias

Session details 

  • Maturing programs and developing teams
  • Impact on reputation risk
  • Model governance process to mitigate bias
  • Variable suppression technique

Seyhun Hepdogan, SVP, Senior Director of Risk Modeling, Santander
Peng Wu, Director of Data Science,Head of Corporate Model Risk Management, PayPal
James Bone,
Lecturer in Discipline, Columbia University’s School of Professional Studies ERM Program 

3:20 Afternoon refreshment break and networking 

 

CYBER RISK

4:00 Approaches to make better risk decisions and manage cyber security

Session details 

  • How to do high-precision probabilistic risk assessments
  • Simple math tricks to create models for any type pf risk assessments for cybersecurity and finance
  • Work through a real-world public reputation risk assessment

Scott T Mathis, CISO, RBC 

 

CULTURE

4:00 Changing culture to incentivize and promote good conduct

Session details 

  • Regulatory focus on conduct agendas
  • Treating customers fairly and complying with regulatory expectations
  • Tone from the top

Nison Nagdimov, Senior Operational Risk Manager, Citi 

 

DERIVATIVES

4:00 Theory and application of a non-risk neutral approach to derivatives

Session details 

  • Data driven description of market micro-structure
  • Term structure of non-normality of returns
  • Non-parametric optimal hedging strategy
  • Option strike term dependent expected P&L and residual risk asymmetry
  • Pursuit of risk-controlled yield and carry controlled tail risk opportunity

Vivek Kapoor, CIO, Volaris Capital Management LLC 

 

CECL

4:00 Data and modeling requirements for CECL and lessons learned from first wave

Session details 

  • Data quality implementation
  • Model lifecycle: Leveraging CCAR models for CECL
  • Sourcing of data and quality metrics

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

 

DISRUPTION

4:40 Reviewing disruptive trends emerging across the industry and gaining competitive advantage

Session details 

  • Fundamental risk to business models
  • Robin Hood trading fee example
  • Gaining competitive edge
  • FinTech and BigTech disruption case studies

Markus Lammer, COO UHNW, Investment Banking and Capital Markets, Credit Suisse tbc 

 

DATA

4:40 Managing data risk and leveraging the operational risk framework

Session details 

  • What is data – perspective from BNY Mellon
  • How do you define data risks and controls
  • Enabling the first and second line, while keeping the third line happy
  • Rolling it all out and adding value

Debbie Willians, Director, Data Strategy, BNY Mellon 

 

CAPITAL MANAGEMENT

4:40 Developing a capital management strategy to manage increased market changes

Session details 

  • How asset quality and liquidity impact capital strategy
  • Incorporating other areas into capital strategy
    • Asset quality
    • Credit risk
    • Liquidity
    • Interest rate risk
  • Using to determine capital strategy and levels to hold

 

CECL

4:40 Developing analytics platforms to build an run CECL and CCAR models

Session details 

  • Build out on internal cloud
  • Goals to avoid UDTs
  • Uses of SPARK, big data and cloud platforms
  • Tools available in the open source comment to build an ecosystem
  • Automating the entire process of CCAR and CECL

Rajesh Kaveti, Director, Head of Finance Regulatory/Capital Adequacy Technology, BNY Mellon

5:20 Chair’s closing remarks | 5:30 End of Risk Americas 2020 

15% discount code for all events: RA19ATTND

Visit the Risk Americas website for full testimonials and videos from 2019! 

Jeremy is NatWest Markets’ Chief Risk Officer, having joined the bank in 2018. He has an extensive experience as a trader and risk manager. His roles in risk management include running regional and global market risk teams at a variety of firms including Commerzbank, UBS, Investec and Nomura, and the role of Chief Risk Officer, EMEA at Nomura since 2015. Jeremy holds a Masters in Economics Cambridge University.
Jeremy is NatWest Markets’ Chief Risk Officer, having joined the bank in 2018. He has an extensive experience as a trader and risk manager. His roles in risk management include running regional and global market risk teams at a variety of firms including Commerzbank, UBS, Investec and Nomura, and the role of Chief Risk Officer, EMEA at Nomura since 2015. Jeremy holds a Masters in Economics Cambridge University.
Søren Agergaard Andersen is the Chief Risk Officer for Nordea Asset Management, the biggest asset manager in the Nordics with more than € 250bn AuM. Søren is responsible for the overall enterprise risk function, managing an international team of risk professionals in Denmark, Sweden and Luxembourg. Before joining the asset management industry, Søren held leading positions within risk in banking and pension/life insurance. One of his main priorities is to define and uphold a strong and yet flexible governance and risk framework, which can support a sound overall risk culture. Søren holds a M.A. in Mathematics and Economics and a PRM certification.
Kimberley brings more than a decade of executive leadership experience in the Governance, Risk and Compliance space, building brand recognition, thought-leadership and revenue-accelerating marketing programs at companies including Thomson Reuters, SAI Global, the Global Association of Risk Professionals, Practical Law Company and Compliant. As part of her role at Aravo, Kimberley develops thought leadership content designed to help third party risk professionals benchmark their programs, share best practice, elevate their conversations to the Board, and build the business case for investment in the development of their programs. Kimberley is originally from New Zealand, and has also lived and worked in London and New York. She now lives in San Francisco, and in her spare time enjoys exploring and al fresco dining with her husband and bulldog.
Louise Waite is the Supply Chain Management & Assurance Director at Lloyds Banking Group. She leads a team of 50, delivering a group-wide approach to supplier risk assessment, supplier assurance and supplier management. Louise and her team maintain an effective Supply Chain Management framework, run a Centre of Excellence for Supplier Management and conduct hundreds of assurance reviews every year. Having spent several years in the IT and Pharmaceutical industries, Louise is enjoying her return to Financial Services where she started her Procurement career.
Jean-Francois Valette is leading Global Third Party Compliance & Risk management at eBay. Jean-Francois is responsible for enhancing eBay’s legal, risk and compliance program around all third parties impacting eBay’s operations and business activities directly or indirectly. He oversees the development and management of a third-party risk management program across the business units; engaging and supporting the management of the controls functions for the company, including Business Ethics Office, Information Security, Resiliency, Compliance investigations and reporting amongst others. Prior to joining eBay, Jean-Francois worked as the Head of Operations for Volkswagen Payments and held the roles of Head of Outsourcing and Global Third Party Compliance and Risk management for PayPal. He also held different positions in the Banking & Asset Management industry, and holds his Law and Investment Management certifications, specializing in regulatory compliance and outsourcing.
Martin Townsend will be speaking at Vendor & Third Party Risk Europe 2021
Sean Titley will be speaking at Vendor & Third Party Risk Europe 2021
Alex is Head of Supply Chain Risk for Lloyds Banking Group (LBG), responsible for ensuring that the supplier onboarding & management frameworks drive effective risk management and regulatory compliance. Alex has worked with LBG for 10 years, and has over 20 year experience in Sourcing and Supply Chain Risk.
An Alumni of De Monfort University & London Metropolitan University, Desmond is a seasoned Third-Party Risk Management Lead as well as a specialist in Supplier Relationship Management. He has worked both in the Public and Private sectors gaining foundational experience at London Underground over a 17 year career. He has also worked for Deutsche Bank, HSBC and now with Vodafone leading on Third Party Risk programme activities.Desmond is married with two children and enjoys travelling.
Daniel Cameron will be speaking at Vendor & Third Party Risk Europe 2021
Dilbagh is a Partner at Fintegral and leads the firm’s UK practice. He specialises in the areas of traded risk and climate risk, helping banks to enhance their analytics capabilities to better identify, quantify and manage current and emerging risks. He has over 20 years of experience in trading, risk management and quantitative modelling at banks and hedge funds, including Credit Suisse, Man AHL and Nomura. Dilbagh holds a degree in Natural Sciences (Physics) from the University of Cambridge.
Vishwas has deep international FS consulting and risk management experience across Europe, US, Middle East and SE Asia.Vishwas has led complex risk transformations for G-SIBS, challenger banks and fintechs in the UK and EMEA, focusing on prudential regulation, capital and stress testing. Vishwas has also led a number of banking authorisations, fintech and Brexit applications and has experience of helping clients deliver to regulatory expectations and their internal performance targets. Vishwas also has experience in thought leadership and eminence, having led a number of conferences, speaker sessions and panel discussions with regulators and industry participants
Charis is a Risk Management generalist with 13+ years of experience in investment and retail banking. He is currently the Chief Risk Officer of SIB (Cyprus) Ltd, Sberbank Group, where he is responsible for developing the Risk Management framework, overseeing regulatory initiatives and driving strategic projects related to risk. His interests include Fintech and innovation in Risk Management. He holds an MBA and a Master’s in Financial Mathematics. He is also a CFA charterholder and a certified Financial Risk Manager.
Stuart Burns currently has the role of Senior Technical Specialist at the PRA, working in the team reviewing and approving IRB models. He has responsibility for aspiring IRB firms. He previously ran the IRB risk weight analysis in the Annual Cyclical Scenario (ACS) stress test, challenging firms’ stressed projections and recommending capital responses. Stuart has over 20 years experience delivering credit risk, stress testing and economic capital models. This includes roles as: Head of Model Validation for S&P Europe. Head of Models for the Rainbow Business at Royal Bank of Scotland. Head of Credit Risk Methodology at Barclays Capital, where he rebuilt the team following the departure of the previous head, and managed all IRB related regulatory issues. Head of Corporate Analytics at HSBC, where he was responsible for Credit Risk Modelling and saw the bank achieve Advanced IRB status. He also introduced credit risk stress testing and economic capital. Head of Economic Capital and Model Risk Management at Standard Chartered Bank, where his responsibilities included building an offshore validation team, and coordination of stress testing across portfolios and risk types. Advanced IRB status was delivered on the strength of these areas.
Over the last 3 years, I have provided trusted advice and guidance to a variety of organisations looking to change their approach to GRC. The organisations I have worked with have often been looking to advance their approach to GRC through the use of modern, intuitive, and insightful technology. My job is to help these businesses and people with this often daunting task, and make it as seamless as possible.
Rob is responsible for New Business Sales and Account Management in EMEA. Based out of our London office, Rob helps guide organisations through the vendor evaluation process, remaining a key point of contact through the implementation process and throughout the ongoing relationship. Rob joined Riskonnect in September 2017 and has over 7 years experience in Governance, Risk and Compliance solutions helping a range or organisations from different industries including Telecommunications, Financial Services, Maritime and Infrastructure Projects, and more, evaluate, select and implement highly successful solutions.
David Cassonnet is Director of Business Development at ActiveViam, leading the creation of new solutons and use cases for the company.In his role, David ensures that the new product features developed by the company's R&D team translate into innovative and actionable use cases that deliver tangible value to the clients' business.With over twenty years of experience in financial markets, David has a double expertise in business development and solutions implementation. Previously he was Managing Director of ActiveViam in APAC where he and his consulting team were involved in several front-office and risk management projects with large local and international banks. David also held several roles at Mysis and Summit Systems.
Benjamin Westwood will be presenting at the 10th Annual Risk EMEA Summit.
Suresh Sankaran will be presenting at the 10th Annual Risk EMEA Summit.
Nigel Milbank is a Cambridge University graduate and Chartered Accountant having trained with Arthur Andersen and Deloitte. Nigel has held audit positions in Schroders and Credit Suisse as an Audit Director, following which he helped set up the Operational risk function and Product Control global assurance at Credit Suisse.Nigel was Director of Enterprise and Operational Risk at Santander UK from 2006 to 2011 and joined RBS in 2012 to run the Group ICAAP function. He has held various stress testing delivery and improvement roles at RBS/ Natwest Group and since 2020 has been Programme Manager on the Climate Programme building climate stress capability and embedding climate financial risk management.
Alistair McLeod will be presenting at the 10th Annual Risk EMEA Summit.
Melissa Longmore will be presenting at the 10th Annual Risk EMEA Summit.
Libor Krkoska will be presenting at the 10th Annual Risk EMEA Summit.
Pradyumna specializes in Market Risk and Counterparty Risk with experience spanning both the Front Office and Risk Management functions at two of the largest global investment banks. In his current multi-dimensional role he is the market risk manager for JPM’s differential discounting desk, the banking book loan portfolio and also is the head of CVA stress testing. He is also involved in developing a climate risk management framework for JPM’s trading book. Outside of work, he is a bit of a musician and is working on his first album.
Jérôme Henry is Principal Adviser at the ECB, in the financial stability area. He led Quality Assurance for SSM stress tests and was a BIS fellow. Originally from the Banque de France, Mr Henry started at the ECB leading its modelling team and thereafter its projection exercise. Mr Henry has a number of research publications, eg the ECB STAMP€ e-book. An ENSAE graduate, he holds an Economics PhD and a History BA from Paris Sorbonne.
Per Hansson is a Director and Head of CCR Exposure Management within Credit Risk Management at Deutsche Bank, responsible for the bank’s IMM and pre-deal exposure models for counterparty credit risk. Per is additionally responsible for capital planning and the bank’s Pillar 2 capital model for credit risk. Previously, Per worked in Market Risk Management for Credit Trading and CVA at Deutsche Bank and JP Morgan and was also a risk manager in JP Morgan’s prime finance business. Per has an MSc in Engineering Physics from Lund University, Sweden.
Atanas Dimov will be presenting at the 10th Annual Risk EMEA Summit.
Ashish Bansal, a certified Chartered Accountant from India, is the Head of Finance & Regulatory Reporting in Union Bank of India (UK) Limited. In his 8 years of industry know-how, his range of experiences span from application of operational aspect of conventions at grassroot, to administering and formulating policy blueprints at the executive stratum. His in-depth technical understanding of banking products and demonstrated cognizance of RBI’s as well as Bank of England’s regulatory governance, adds to his industry’s proficiency.
Yingbo Bai currently heads up the global valuation methodologies team at UBS, where he is also a D&I ambassador . Previously, he worked in a number of quantitative roles at Morgan Stanley and JP Morgan, after starting his career at CICC. Yingbo graduated from Oxford University with MSc in Mathematical Finance and London Business School with Masters in Finance, with undergraduate at Tsinghua University.
Sean Titley will be presenting at the 10th Annual Risk EMEA Summit.
Member of the Fraud Leadership Team across Natwest for 5 years; previous fraud prevention responsibilities have covered various products, customer journeys and fraud typologies. Currently accountable for the overall prevention and strategy of First Party Fraud (covering onbook, mules and application fraud)Previous roles include Operations Manager for Debt Management and Head of Customer Experience for Ulster Bank.
Praveen Singh will be presenting at the 10th Annual Risk EMEA Summit.
Gary Savill is Head of Enterprise Risk for Saga Group and has over 12 years of extensive risk management expertise, working previously in general and medical insurance for AXA UK for 10 years and as Deputy Head of Operations for Sanlam Investment Management for 4 years. Gary is a Chartered Management Accountant, qualifying whilst working for Nestle UK and is also a Specialist member of the IRM and member of the Institute of Management.
Alex Rothwell will be presenting at the 10th Annual Risk EMEA Summit.
Andrea Pozzi will be presenting at the 10th Annual Risk EMEA Summit.
Ozgur Ozel will be presenting at the 10th Annual Risk EMEA Summit.
Vikas Munshi will be presenting at the 10th Annual Risk EMEA Summit.
Diane Menville will be presenting at the 10th Annual Risk EMEA Summit.
Maciej is a seasoned banking professional with 20+ years of experience ranging from financial control, credit risk management to corporate banking, derivatives and fixed income, combined with experience of regulatory topics and passion for tackling the climate transformation. He joined NatWest Markets in June 2020 where he’s primarily responsible for setting up and managing risk hub to support investment banking of NatWest Group. Before (since June 2014) he worked in ECB Banking Supervision (aka Single Supervision Mechanism – SSM) as Head of Section & Joint Supervisory Team (JST) Coordinator, responsible for consolidated supervision one of the largest banks in the Netherlands. As JST Coordinator, he led risk identification and implementation of risk-based and forward-looking Supervisory Examination Program. He took part in the start-up phase that included recruitment as well as fine-tuning of tools and processes. Prior to the ECB, Maciej worked in various roles in a number of banks: PKO Bank Polski 2008-2014 (Head of Credit Risk Assessment Department, member of Bank’s Credit Committee, Advisor to CEO), HSBC 2008 (Head of Structured Finance) and Citi in Poland and Hungary 1996-2008 (Debt Capital Markets, Derivatives Sales, Financial Control). Maciej has graduated from Warsaw School of Economics and holds a Master Degree in Banking and Finance. In 2020 he graduated from University of Edinburgh Climate Change Transformation Program. He is a speaker and panelist at conferences on risk and regulatory outlook topics.
Amit Lakhani has varied experiences in managing operational risks at organisations of all sizes. He started his career working as a consultant with Accenture where he developed and deployed multi-million dollar programmes involving compliance and risk elements, especially information security and cyber risks. Further, Amit worked at large multinational organisations in his role at KPMG driving strategic decision-making, investments and risk reduction programmes.
Cecilia Gejke will be presenting at the 10th Annual Risk EMEA Summit.
Beate Born has 17 years of experience in the financial services industry in Switzerland, Europe and Asia and has run her own consulting practice. She is currently Head of Strategic Projects at UBS Wealth Management in Zürich. Many of her 13 years at UBS she spent in Operational Risk and Capital Markets running global regulatory initiatives such as MiFID I&II as well as large initiatives such as Brexit and platform programs for Wealth Management. She is member of the leadership team of the Enterprise Data Management Council (EDMC) Women in Data Network as well as the EDMC ESG Committee. In September 2021 Beate will complete a Master’s Degree in Sustainability Leadership from the University of Cambridge with a focus on ESG data reporting and carbon disclosure comparability. Further Academic degrees include an MBA from Clark University, a DESS from the Sorbonne, an executive MBA from the Swiss Finance Institute and a certificate of advanced studies in Financial Market Regulation from the University of Zürich.
Andrew Barnett will be presenting at the 10th Annual Risk EMEA Summit.
Sucharita Banerjee Lodha is the Head of General Insurance International Operational Risk and Governance, ERM. She has held various operational risk management positions within GI International supporting effective roll out of operational risk management tools and concepts within Claims, Finance, Operations and shared service centres. She has led teams across Business Consulting, Outsourcing Risk management, Offshore Development Centers, Technology and Risk Management. She has a proven track record of managing global teams and leading regulatory change initiatives. Sucharita holds an MBA from London Business School and an MS in Quality Management from Birla Institute of technology. She is also a six sigma Black belt and has a B.tech in Information Technology. She chose non-financial risk management as a career to pursue her passion for healthy risk culture in organizations. She has worked with Deloitte, American Express, Tata Consultancy Services in her professional career. She has worked with consulting and Financial services firms in India, the US and is currently based in London, UK. Sucharita is also the chair of Gender Equality Matters Employee resource group in AIG.