Risk America 2024 Agenda

8:00 – 8:50

Registration and breakfast

8:50 – 9:00

Chair’s opening remarks

9:00 – 9:35

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

 

Carl Groth, Chief Risk Officer, Legal & General

Melissa Sexton, Chief Risk Officer, BNY Mellon Wealth Management

Paul Diouri, Chief Risk Officer, Barings

Tendayi Kapfidze, Chief Economist, Wells Fargo

9:35 – 10:20

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

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  • 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

10:20-10:50

Morning refreshment break and networking

Future State of Risk Management

Resilience & NFR

Market Risk

Investment & Asset Risk

10:50-11:25

AI & ML
Reviewing the role of AI and machine learning and the potential to change key operations

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  • The role or AI in customer service and recruitment
  • Reviewing testing and implementation successes
  • Leveraging AI to improve risk management capabilities
  • Top down approach to implementation to ensure alignment and coordination
  • Reviewing opportunities to organizations for increased efficiency

Santosh Mishra, Group Head – Quantitative Modeling & Advanced Analytics, KeyBank

10:50-11:25

REGULATION RESILIENCE
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

Emily Nachlas, Chief Risk Officer, Western Alliance Bancorporation

10:50-11:25

GEOPOLITICAL RISK
Managing the impact of global geopolitical tensions on business and profit margins

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  • De-risking in volatile markets: Impact on supply chains
  • Impact of election on future regulation
  • Stress testing the unpredictable
  • Business continuity planning for pulling out of markets
  • Reacting to changes in portfolio and balance sheet
  • Incorporating strategic risk into forecasting
  • Identifying and managing systemic risks

10:50-11:25

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

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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

Heather Russell, Head of Mortgage Model Development, Bank of America tbc

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

Kevin Burns, Deputy Chief Risk Officer – US Region, CIBC US

Rajeev Sambyal, MD, Head of Digital Assets Platform, BNY Mellon

Elyssa Herman, Executive Vice President, Head of Corporate Risk Reporting and Analytics, Wells Fargo

Charles Tao, Director, Citi

Senior Executive, Archer

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

Matthew Moore, Director, Operational Risk Manager, Barclays

Susan Adibi, Director, MUFG

Sara Ricci, Director of Business Resiliency, HBC

11:25-12:05

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

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  • Interplay of geopolitical risks
  • Reviewing global approaches to tackle high inflation
  • Impact of decoupling with certain markets on prices
  • Managing structural shifts in the global economy
  • Managing a stagflation environment
  • Impact of supply chain disruptions on inflation

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

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

Navin Sharma, Head of Credit & Market Risk and HIMCO Chief Risk Officer, The Hartford Financial Services Group

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

Seyhun Hepdogan, Director of Analytics, Fifth Third Bank

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

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

Agus Sudjianto, EVP, Head of Corporate Model Risk, 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

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

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

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

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

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

Joe Woulfe, Executive Director – Head of Operational Risk and Resiliency, AQR Capital Management

Chris Smigielski, Director of Model Risk Management, Arvest Bank

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

Cyril Korenbeusser, Chief Operational Resilience Officer, BNP Paribas

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

Angela Phillips, Director Cyber & Operational Resilience, SMBC

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

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

Lorenzo Cupido, Chief Investment Risk Officer, Prudential Financial

Ernest Lang, Head of ALM Analytic Solutions, Transamerica 

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

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

Arsa Oemar, Director, Model Risk Management, MUFG

Linda Starnes, Director of Credit Risk Analytics, USAA

2:20-2:55

REGULATION
The future of regulation for AI and new model requirements

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  • Regulatory expectations before use of AI
  • Demonstrating AI is well managed
  • Productizing the use of AI with regulatory approval
  • Managing variety of executive orders and reporting requirements
  • Managing broader risk landscape with new AI requirements

2:20-2:55

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

Kelly Feili, Director, DTCC

Tausif Khan, Director, Third Party Risk Management, DTCC

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

Wei Zhu, Managing Director, Citi

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

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

2:55-3:40

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

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

2:55-3:40

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

Madiha Fatima, Executive Director, JP Morgan

2:55-3:40

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

Shahab Khan, Head of Liquidity Policy, HSBC

2:55-3:40

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

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  • 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

Shahed Shafi, Head of Counterparty Risk/Credit Products, US Bank

3:40-4:00

Afternoon refreshment break and networking

4:00-4:35

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

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

4:00-4:35

SUPPLY CHAIN RISKS
Managing long term implication of supply chain disruptions

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  • Risk of geopolitical tensions and impact to supply
  • Developing alternative supply chains
    • Removing dependence on China
  • Impact of sanctions on global supply chains

4:00-4:35

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

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  • 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

Sudhir Kumar, Head of Capital Management Oversight, US Bank

4:00-4:35

COMMERCIAL CREDIT RISK
Monitoring risk of commercial credit risk volatility and preparing for defaults

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  • Risk with reduced demand for office space
  • Reduction in retail footprint for malls
  • Managing high leveraging of borrowers
  • Leveraging innovative methods for early risk detection
    • Expanding data availability
  • Integrating non-structured data to monitor patterns

Bernardo Mandri, Executive Director, Head of Credit Risk Review, ICBC

4:35-5:10

CHANGE MANAGEMENT
Developing a robust change management risk framework

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  • 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, SVP, Operational Risk Business Oversight, Wells Fargo

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

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

4:35-5:10

STRESS TESTING
Reviewing global stress testing requirements and leveraging as a risk management tool

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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

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, SVP Model Risk, China Construction Bank

5:10-5:40

BLOCKCHAIN AND DIGITAL ASSETS 
Managing how blockchain and digital assets are being deployed and focusing on institutional use cases 

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  • Institutional use cases in production

  • The rise of blockchain platforms suitable for institutions and corporation

  • How regulation is impacting adoption in the US and overseas

  • The changes we may see in the context of market, credit, and operational risks

Thomas Sullivan, Managing Director,Societe Generale – FORGE

5:10-5:40

Effective and sustainable compliance programs – keeping out of the government agency bullseye

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  • From COSO to the DOJ, reviewing what constitutes an “effective” compliance program
    • No matter your geographical location
  • Developing and implementing a sustainable enterprise compliance program from ethics management to monitoring and testing
  • How to deal with program issues raised by government agencies, including enforcement actions and monitors

Ross Marrazzo, EVP – Enterprise Chief Compliance Officer, Flagship Bank

4:10-5:40

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

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

Alisa Rusanoff, Head of Credit/Trade Finance, Crescendo Asset Management

5:40

Chair’s closing remarks & networking drinks reception

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8:00 – 8:50

Registration and breakfast

8:50 – 9:00

Chair’s opening remarks

9:00 – 9:35

KEYNOTE ADDRESS – FUTURE BUSINESS STRATEGY
Future state of risk management as technology becomes adopted into business strategy

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  • Influence of AI on business strategy
  • Strategic partnerships to harness innovation
  • Adjusting enterprise risk management perspectives
  • Measuring, assessing, monitoring and reporting of evolving risks
  • Changing payments landscape
  • Developing an AI-specific business strategy
  • Maintaining competition within tiers of banking system
    • The role of community and regional banks

9:35 – 10:20

KEYNOTE PANEL
The evolution of the CISO: Managing increased complexity as technology advances

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  • Reviewing evolving IT threat
  • Uses of AI in fraud and cyber attacks
  • Reviewing the technology landscape
  • Managing technology initiatives and change programs

10:20-10:50

Morning refreshment break and networking

Future State of Risk Management

Resilience & NFR

Market Risk

Investment & Asset Risk

10:50-11:25

CLIMATE RISK
Reviewing global regulatory environment for climate risk

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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

10:50-11:25

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

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

10:50-11:25

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

Sandeep Jain, Director & Market Risk Executive, Bank of America

10:50-11:25

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

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  • Increasing liability sensitivity in a falling rate environment
  • Holistic view of balance sheet movement
  • Deterioration of earning assets as a result of credit risks
  • Managing losses on the income statement
  • Reviewing how credit risk impacts capital

11:25-12:00

Reviewing climate risk initiatives across the industry

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  • European climate risk stress testing processes
  • Future outlook of requirements and global variations
  • Traceability and accuracy of information
  • Running scenarios and stress tests for climate risk
  • Identifying losses due to climate risk
  • Restrictions on capital and liquidity for lending
  • Amending business models and exposure distribution

Andries Berendsen, Head of FP&A and Capital Planning, Rabobank

11:25-12:00

FRAUD
Analyzing trends in fraud practices and tactics to stay ahead

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  • Reviewing increased risk of first party fraud
  • Impact of economic downturn on fraud risks
  • Move to traditional tactics as organizations digitize
  • Managing conduct risk to mitigate internal fraud
  • Monitoring, managing and reporting on fraud in existing frameworks
  • Leveraging technology for fraud detection and prevention
  • Overlap with cybersecurity resilience

Dalit Stern, Senior Director, Enterprise Fraud Risk Officer, TIAA

11:25-12:00

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

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

11:25-12:00

SECURITIES
Managing securities on the balance sheet with high interest rates

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  • Managing undercapitalization of the industry
  • Impact to loss absorption capacity of banks
  • Future of regulatory focus and change
  • Managing capital issues on a performance basis
  • Prudent capital and balance sheet management

Xiaowei Han, VP, Head of ALM, TIAA

12:00-12:45

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

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  • Results of Fed climate scenario analysis program
  • 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, Nuveen, a TIAA Company

Robin Castelli, Head of Transition Risk Model Developement (Climate Modeling Analytics), Citi

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

12:00-12:45

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

Patrick Simonnet, Managing Director – Chief Audit Executive, Bank of China

Tibor Bartels, Managing Director/Head of Transaction Services Americas, ING

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

12:00-12:45

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, Head of Market Risk, USAA

Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole 

Asha Gowda, Director – Market Risk Governance, KeyBank

12:00-12:45

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

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 tbc

12:45-1:45

Lunch break and networking

1:45-2:20

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

Lee Medoff, Head of Model Governance, Fifth Third Bank

1:45-2:20

CANNABIS BANKING
Managing the complexities of banking cannabis and cross-state regulations

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  • Managing state vs. federal laws
  • Reviewing who can be banked
  • Managing risks of connection to cannabis industry
  • Understanding indirect and third party implications

1:45-2:20

DEPOSITS
The race to attract deposits: Maintaining deposits in high interest rate environment

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  • Staying competitive
  • Impact of rates on margins
    • Managing loss making products
  • Attracting enough deposits to fund business
  • Balancing other products to cover deposit prices
  • Balancing impact to consumers
  • Managing deposit runoffs in high interest rate environment
  • Managing reliance on deposits to fund balance sheets

1:45-2:20

INVESTMENT RISK
Managing investment risk and portfolios in a volatile climate

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  • Managing asset side of the balance sheet
  • Impact of 10 year bond yield
  • Managing unrealized losses
    • Waiting out the risk vs. selling bonds

Paul Diouri, Chief Risk Officer, Barings

2:20-2:55

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

Yu Pan, EVP, Chief Model Risk Officer, US Bank

2:20-2:55

SANCTIONS
Navigating complexities in the sanctions landscape

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  • Managing complicated environment with Russia sanctions
  • Future sanctions with Middle East events in 2023
  • Screening payments and customers
  • Heightened compliance environment to identify sanctioned parties
  • Changes to business presence in foreign markets

2:20-2:55

FTP
Reviewing FTP changes and management across different sized organizations

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  • Developing industry consensus on FTP
  • Valuation and treatment of investment portfolio
  • Communicating value to business lines
  • Considering capital usage, liquidity, interest rate risk and credit risk
  • Importance of FTP to banks effectiveness
  • Incorporation of LCR and NSFR

2:20-2:55

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

2:55-3:25

Afternoon refreshment break and networking

3:25-4:00

Approaches to model development post pandemic with data distortions

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  • Redeveloping models to reflect Covid-19 experience
  • Regulatory view on use of Covid-19 data
  • Impact of divergence on typical risk drivers and credit performance
  • Changing relationship of macroeconomy and credit performance
  • Managing potential contamination using data
  • Modeling unorthodox market behavior
  • Continuation of volatile market movements since Covid-19

3:25-4:00

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

Srini Masanam, Global Head of Surveillance Data Quality, Citi

3:25-4:00

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

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

3:25-4:00

CLIMATE RISK INSURANCE
Reviewing the impact of climate risk on real estate insurance

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  • Real estate appraisal function in risk management
  • Reviewing the impact of climate and scarcity of insurance
  • Factoring inability to get insurance in certain locations
  • Credit risk considerations with impact to property value
  • Appraisal management and credit underwriting for climate and insurance
  • Impact on collateral values and lending

4:00-4:40

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

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  • 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

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

Rodrigo Suarez, Chief Banking & Innovation Officer, Piermont Bank

4:00-4:40

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

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  • 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 Villalonga, Director, Assessment Methodology, Technology Risk Management, Capital One

Wei Ma, Managing Director, Head of Model Risk and Validation, SMBC

4:00-4:40

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

Katya Ternyayeva, Director, Americas Head of Funding & Liquidity Management, Barclays

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

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

4:00-4:40

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

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

Ty Lambert, Chief Risk Officer, Cadence Bank

Petr Chovanec, Director, UBS

4:40

Chair’s closing remarks and end of Convention

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