Risk Americas 2024 Agenda
Day Two | May 22
8:00-8:50
Registration and breakfast
8:50-9:00
Chairs opening remarks
Day 2 Keynote 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
- 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
Sabeena Ahmed Liconte, Head of Legal & Chief Compliance Officer, Americas, ICBC Standard Bank Group; Fintech Leaders Advisory Board member, CeFPro
Emily Nachlas, Chief Risk Officer, Western Alliance Bancorporation
Aengus Hallinan, Chief Operational Risk Officer; and CRO For Securities Services & Digital, BNY Mellon
Paul Tava, Chief Risk Officer – Advice & Wealth Management, Ameriprise Financial Services
10:00-10:30
Morning refreshment break and networking
Streams:
Room- Venture 1&2
Day 2 Moderator: Yannick De Ceulaer, Head of Investment Strategy and Financial Management, Arrayo
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
Mitchell Button, SVP, Head of Financial Model Validation, US Bank
11:05-11:40
DATA
Leveraging an enhanced data framework to support technological advances
- 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
Terrence Barrett, First Vice President, Analytics, Governance, Risk and Compliance, Axos Financial
11:40-12:25
CLIMATE SCENARIO – PANEL DISCUSSION
Reviewing global climate risk scenarios and implementation with a broader program
- 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, Managing Director, Head of Climate Risk Oversight, Nuveen, a TIAA Company
C. Robin Castelli, Author – Quantitative Methods for ESG Finance
Craig Spielmann, Risk Intelligence Leader, CNM LLP
Alberto Ramirez, Partner – Risk Analytics, Solytics Partners
Yun Zheng, Head of ST and ESG Analytics, Global Risk Analytics, HSBC USA
12:25-1:45
Lunch break and networking breaks
1:45-2:20
CLIMATE RISK
Reviewing climate risk initiatives across the industry
- 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
Andries Berendsen, Head of FP&A and Capital Planning, Rabobank
2:20-2:55
Evaluating an LLM-powered application: a case study
- 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 Esmail, Cofounder & Chief Product Officer, ValidMind
2:55-3:05
Refreshments and networking break
3:05-3:55
FINTECH – PANEL DISCUSSION
Staying ahead of innovative fintech organizations and balancing security
- 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 Lachaud, Former Director – Office of the COO, Scotiabank
Maggie Bin Lai, former, Chief Administration Officer and Head of Human Capital Risk, Global Operational Risk, Citi
Philip Masquelette, SVP, CRO, Ulster Savings Bank, NFR Advisory Board member, CeFPro
Room – Venture 3
Day 2 Moderator: Robert Shearman, Product Manager, SaaS Application Lead, Aravo
10:30-11:05
RCSA
Leveraging continuous insight to inform business decisions and exposures
- 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
Paul Tava, Chief Risk Officer – Advice & Wealth Management, Ameriprise Financial Services
11:05-11:40
FRAUD
Analyzing trends in fraud practices and tactics to stay ahead
- 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
Dalit Stern, Managing Director, Enterprise Fraud Risk Officer, TIAA
11:40-12:25
FRAUD & AI – PANEL DISCUSSION
Understanding evolution of fraud risks and prevention tactics with increased use of AI
- 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
Patrick Simonnet, Managing Director – Chief Audit Executive, Bank of China
Tibor Bartels, Managing Director/Head of Transaction Services Americas, ING; Fintech Leaders Advisory Board member, CeFPro
Will Heffernan, Director of Field Operations, CIMCON
Charles Shen, Managing Director, Head of Model Risk Management, Societe Generale
Jascha Prosiegel, Market Lead North America, AI Risks, Munich Re
12:25-1:45
Lunch break and networking
1:45-2:20
TPRM
Reviewing global regulation for third party risk and ensuring resilience
- 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
Kelly Feili, Director – Risk Policy and Advocacy, DTCC
Tausif Khan, Director, Third Party Risk Management, DTCC; Third Party Risk Management Advisory Board member, CeFPro
2:20-2:55
Reviewing diversity at workplace and best practices moving forward
- 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
Priya Rajani, Director, M&A Cross Sell Strategy, Citi
Monisha Nariani, Head of Sales Enablement and Strategy, Retail and Small Business Banking, US Bank
2:55-3:05
Refreshments and networking break
3:05-3:55
CLOUD – PANEL DISCUSSION
Leveraging cloud platforms and developing controls to stay resilient
- 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
Marta Palanques, Director, Assessment Methodology, Technology Risk Management, Capital One
John Groetch, Head of Partners Program, NAM, ActiveViam
Room – Enterprise 1&2
Day 2 Moderator: Prithivinath P, Head of Innovation, Solytics Partners
10:30-11:05
Visualizing Risk: Moving BI from Underutilized Tools to Business Essentials
- 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
Erdni Okonov, Business Intelligence Practice Director, Arrayo
11:05-11:40
MODELING
Modeling in a volatile environment
- 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
Kai-Ching Lin, Head of Model/Market Risk, Valley National Bank
11:40-12:25
LIQUIDITY – PANEL DISCUSSION
Gaining strong visibility of funding sources for liquidity monitoring
- 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, Head of Market Risk, USAA
Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole; Fintech Leaders Advisory Board member, CeFPro
Jorge Segura, Senior Director, Head of IRBBB/ALM Risk Oversight, Santander
P.J. Cole, Senior Sales Executive, Empyrean Solutions
Asha Gowda, Director – Market Risk Governance, KeyBank
12:25-1:45
Lunch break and Networking
1:45-2:20
MARKET RISK
New paradigm of market risk and volatility with sustained high rates
- 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
Sandeep Jain, Director & Market Risk Executive, Bank of America
2:20 -2:55
LIBOR
Adopting to a post LIBOR world
- 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
Arun Polala, Senior Quantitative Analyst, Wells Fargo
Bernhard Hientzsch, Head of Market Modeling Techniques (for Corporate Model Risk), Wells Fargo
2:55-3:05
Refreshments and networking break
3:05-3:55
CFP – PANEL DISCUSSION
Managing heightened alertness and awareness as a result of market events on contingency funding planning
- 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, Director – Independent Liquidity Risk – Legal Entities, BNY Mellon
Katya Ternyayeva, Managing Director, Americas Head of Liquidity and Funding, UBS
Room – Enterprise 3
Day 2 Moderator: Vall Herard, CEO and Founder, Saifr
10:30-11:05
BALANCE SHEET MANAGEMENT
Reviewing changes to balance sheet management practices and countering credit losses
- 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 Guglielmo, Managing Director, Darling Consulting Group
11:05-11:40
CREDIT RISK
Economic environment: Managing the impact of volatility on credit risk
- 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
Heather Russell, Director – Quantitative Finance Manager, Bank of America
11:40-12:25
PRICING AND VALUATION – PANEL DISCUSSION
Reviewing approaches to pricing and valuation as the landscape evolves
- 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
Aleksey Leksanov, Managing Director, Head of Model Risk Management, Mizuho
George Bezerianos, Managing Director, Global Head of Fixed Income and Wealth Management Valuation Control, Morgan Stanley
Naresh Malhotra, Director, Societe Generale Corporate and Investment Banking
12:25-1:45
Lunch break and Networking
1:45-2:20
RISK ADJUSTED RETURN
Analyzing risk adjusted return and shifting a focus to profitability
- 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
Jonathan Liu, Risk and Treasury Professional, RBC
2:20-2:55
Fixed Income Landscape : Trends and Risks from Buy-Side and Sell-Side Perspective
- 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, Managing Director, Head of Risk Management, Kuvare Asset Management
2:55-3:05
Refreshments and networking break
3:05-3:55
M&A– PANEL DISCUSSION
Navigating the continued M&A activity and processes to combine teams
- Increased activity to raise capital
- Reviewing trends in M&A activity
- Types and frequency of transactions
- Integrating teams in event or merger
David Adcock, SVP, Director of Credit Risk, Cadence Bank
Petr Chovanec, Director, UBS
4:00
Chairs closing remarks and end of Convention
