Tab 2
Risk Americas 2023
January 19, 1970
1:00 am to 10:00 pm
6016 Spring Flower Trail, Dallas, TX, U.S.
212 497 5686
event description
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset.
What is this highly valuable asset? Says Morgan Fraud, the author of The Thinking Corporation, “Given that we are all capable of contributing new ideas, the question becomes how do you successfully generate, capture, process and implement ideas?” Its own people.
Day 1
May, 23 – 2023, Tuesday
Day 2
May, 24 – 2023, Wednesday
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10:50 AM — 11:25 AMRoom AAI & MACHINE LEARNINGReviewing use cases, success stories and implementation challenges for AI and machine learning Session details : Understanding uses across the organization Mitigating risks and optimizing benefits Implementing a dynamic model risk management framework Reviewing in house vs. vendor buy Regulatory view on black box models
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11:25 AM — 12:05 PMRoom APANEL DISCUSSIONManaging risks associated with AI & machine learning validation and oversight Session details Extension to models Managing model input and interpreting output Resource and talent requirements Transparency of uses of AI and machine learning Regulatory appetite and expectations Aligning with fair lending requirements Understanding model risk requirements using AI and machine learning Updating on a continuous and ongoing manner
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10:50 AM — 11:25 AMRoom BESGGaining a holistic view of ESG risks and challenges on the horizon Session details Managing increased focus on sustainability Reviewing Federal Reserve assessment of climate risk in large US banks Identifying effective risk management practices Embedding ESG into current frameworks Quantifying and setting risk appetite for climate risk
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11:25 AM — 12:05 PMRoom BINTEGRATION – PANEL DISCUSSIONIntegrating ESG as a fundamental into decision making process Session details Including climate and ESG related risks in decision making Understanding how climate risks will impact financial stability Divesting from profitable industries/sectors Balancing conflicting objectives of decarbonization and profitability Integrating ESG into broader risk platforms Aligning risk and investment strategies to incorporate ESG
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10:50 AM — 11:25 AMRoom CDATABuilding consistency into operational risk data and controls Session details Data quality and internal control requirements Identification of data quality errors Governance practices for data quality Communicating and reporting data metrics Data localization within certain borders Impact to global organizations data centers Data transfer across borders and in the cloud
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11:25 AM — 12:05 PMRoom CHUMAN CAPITAL – PANEL DISCUSSIONManaging human/people risks in an increasingly competitive remote and hybrid environment Session details Development and rotational programs Recruitment practices in a location agnostic environment Practical approaches to recruit and retain talent Managing corporate risk in different environments Emerging risk of replacements and new employees Training a remote workforce
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10:50 AM — 11:25 AMRoom DINFLATIONUnderstanding best practices to get ahead of inflation as a potential long-term risk Session details Managing potential impact to business forecasting, analytics and models Assessing risk assessments Reviewing if models and analytics may be more vulnerable to a lengthy high inflation period
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11:25 AM — 12:05 PMRoom DINFLATION – PANEL DISCUSSIONReviewing inflation impact on bank strategies and mitigation strategies internally and customer impact Session details Changes to operating environment and business decisions Wage inflation to stay ahead of increasing cost of living Managing balance sheet and loan portfolios Evolution of forecasts Impact to interest rates and economies globally Response of central bankers and impact to markets Impact of supply chains exacerbating inflation rates
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10:50 AM — 11:25 AMRoom AMODEL RISK SCOPEReviewing the expansion of model risk and evolution of definition of a model Session details Inclusion of non-financial/operational risk models Cybersecurity validation requirements Defining a model vs. tool for validation Exploring evolution of definitions Management across qualitative and quantitative
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11:25 AM — 12:00 PMRoom AMODEL RISK MATURITYMonitoring maturity of model risk function and optimizing processes Session details Automating manual tasks and processes Ensuring quality control and consistency Balancing quality with speed Maintaining standards to do more with less Revising model risk frameworks to include AI and machine learning
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10:50 AM — 11:25 AMRoom B
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11:25 AM — 12:00 PMRoom BCLIMATE RISKBuilding out climate risk capabilities and reviewing global regulatory requirements Session details Developing stress scenarios for climate risk impacts Including climate risks in resiliency plans Evaluation strategies to identify impact of climate on operations Preparation for climate events Shaping financial and regulatory frameworks around climate change Impact to financial investment and valuations
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10:50 AM — 11:25 AMRoom CTHIRD PARTY RISKReviewing adaptations and expectations for third party risk oversight and management Session details Due diligence requirements Protecting data and sensitive information Managing reputation risk in event of a third party incident Internal controls and governance processes Developing incident response plans Continuous oversight and monitoring of third parties Ensuring adherence to contractual agreements throughout lifecycle
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11:25 AM — 12:00 PMRoom CHow to navigate the third-party risk threat landscapeSession details Establishing a third party risk management framework Defining critical in a third party risk perspective Components of an effective TPRM program Emerging themes (ESG, Automation, Nth parties) Success factors for managing third party risk
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10:50 AM — 11:25 AMRoom CMONETARY POLICYManaging impact of volatility in markets and central bank approaches to monetary policy Session details Future of rate changes Transition techniques to keep up with change Adjusting balance sheets as a business strategy Preparation for economic recession Managing default rate in credit risk Unintended consequences of policy change Ripple effect of central bank policy Quantitative tightening
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11:25 AM — 12:00 PMRoom CSOFRPost LIBOR: Reviewing impacts of transition to SOFR and impact of new rates Session details Reviewing pricing of fixed rate SOFR Analysis of impacts in a changing rate environment Building up FTP swap curves Counterparty risks with late transition to new rates Impact of higher rates on counterparties Risks to futures trading Evolution of FTP in a post LIBOR world Building up FTP swap curves