Risk EMEA 2021 – Agenda & Speakers

FUTURE OF RISK MANAGEMENT

DIGITALIZATION
10:50 Managing increased demand for digitalization in the wake of COVID-19

• Managing customer expectations
• Developing mobile services and maintaining access to services
• Managing a base of clients who are not technology literate
• Leveraging digitalization to access diverse markets
• Improving customer experience through automated tasks

Terri Duhon, Non-Executive Director and Risk Chair, Morgan Stanley

AUTOMATION
11:30 Using automation in decision making and redeploying human resources for oversight to increase efficiency

• Balancing potential increase in losses with cost reduction
• Automation integration and leveraging intelligence
• Integrating systems, processes, and teams
• Developing a unified taxonomy across teams
• Trend analysis in data and analytics: Removing inherent bias
• Leveraging digital analytics tools with human final sign off

NON-FINANCIAL RISK

OPERATIONAL RESILIENCE
10:50 Reviewing regulatory expectations for operational resilience and implementation strategies

• PRA 2021 strategic priority
• Regulatory expectations to develop an operational resilience program
• Identifying key business services and impact of disruption
• Identifying tolerances to markets and clients
• Regulatory response on consultation
• Varying routes to success across institutions
• Governance structures and processes across areas
• Demonstrating full oversight and understanding of internal and outsourced risks

Amit Lakhani, Global Head of IT and Third Party Risk Management,  BNP Paribas

OPERATIONAL RESILIENCE CONTINUED
11:30 The role of operational resilience in a pandemic scenario

• Impact of COVID-19 to resilience
• Mapping resources with important business services
• Setting impact tolerances
• Mapping tolerances and designing scenarios
• Management of severe shock
• Capturing consequential impacts on risk appetite

Ozgur Ozel, EMEA Head of Prudential Regulatory Regulations, Executive Director, Morgan Stanley

FINANCIAL RISK

GOVERNMENT STIMULUS
10:50 Reviewing macroeconomic impacts once COVID-19 government stimulus is withdrawn

• Assessing the recovery path post COVID-19
• Recalling policy steps taken and implications of exits
• Taking a forward-looking approach for vulnerabilities for financial stability
• Detailing channels through which banks are impacted and to what extent

Jerome Henry, Principal Advisor, DG Macroprudential Policy and Financial Stability, ECB

CREDIT RISK
11:30 Gaining a true view of credit risks and identifying non-performing products amidst continued volatility

• Economy disruption impact on risk profiles
• Developing forward looking business models in a continued economically disruptive environment
• Investment opportunities with increased debt
• Impact of COVID-19 on non-performing exposures and non-performing loans
• Identifying viable business models post-COVID-19

Atanas Dimov, Head of Credit Risk, Aviva Investors

AI & MACHINE LEARNING
1:10 Leveraging the power of predictive modeling technology and defining uses and potential

• Impact of AI and machine learning on risk management and risk appetite
• Demonstrating inventory to regulators
• Defining AI and machine learning and level of risk: algorithmic trading vs. HR applications
• Separating and defining AI from machine learning
• Removing discrimination and bias from AI
• Understanding and explaining results and decisions
• Management and governance of AI and machine learning

Sunil Verma, Head of Market Risk Stress Testing Methodology, UBS

FINTECH – PANEL DISCUSSION
1:50 Leveraging the power of fintech to advance digitalization planning and product offerings

• Impact of Brexit on regional branches and services
• Post-COVID-19 digitalization
• Impact of government stimulus on small businesses
• Getting Fintechs to understand regulatory requirements and scrutiny
• Oversight of concentration risks
• Increased pressure for Fintech adoption

Stephane Malrait, Head of Market Structure and Innovation, ING Bank NV

COVID-19
1:10 Developing effective controls to manage changes to working environment

• Increased vendor risk with employees working from home
• Outsourcing key activities and dependencies on vendors
• Increased operational risk as an indirect impact from the pandemic
• Lessons learned throughout the pandemic for future best practice
• Business continuity and disaster recovery effectiveness

Gary Savill, Head of Enterprise Risk, SAGA

ESG & CLIMATE RISK – PANEL DISCUSSION
1:50 Non-financial risk considerations for ESG & climate risk: Understanding exposure and impact to strategy

• Expectations to manage risk of climate change
• Heightened focus on ESG and sustainable finance
• Long term zero emission commitments
• Climate related risk and self-assessment
• Gap analysis against regulatory requirements
• Incorporating into business strategy

Beate Born, Head of Strategic Projects UBS Wealth Management, Executive Director,  UBS
Ozgur Ozel, EMEA Head of Prudential Regulatory Regulations, Executive Director, Morgan Stanley
Maciej Lewandowski, Head of Section, DG1, Single Supervisory Mechanism, Natwest

Cecilia Gejke, Chief Risk Officer, East-West United Bank S.A

DEBT MARKETS
1:10 Reviewing market trends and treatment of debt across markets and geographies

• Impact of interest rate changes on inflation
• Impact of inflation to national finances
• Cost of debt service
• Term structure of government debt
• Debt financing and lending considerations
  • Greensill case study
• Liquidity of debt markets
• Impact of high frequency trading on liquidity

INTEREST RATE RISK – PANEL DISCUSSION
1:50 System capability and robustness to manage negative interest rates and impact on inflation

• Impact of negative rates on ALM
• Systems offering negative interest rate capabilities and scenarios
• Rate forecasting techniques from regulators do not include negative rates
• Impact to behavioural models
• Preparing now for future changes to mitigate risks

Yingbo Bai, Head of Valuation Methodologies, UBS
Ashish Bansal, Head of Finance and Regulatory Reporting, Union Bank of India (UK) Ltd

CLOUD
3:10 Moving risk management applications and data to the cloud

• Balancing risk and benefits
• Opportunities of leveraging cloud
• Developing a centralized data lake across teams
• Leveraging AI and big data services on the cloud
  • Predictions for risk management
• Cloud and technology transformation
• Managing concentration risks with over reliance on small number of players

DATA
3:50 Aligning data standards and privacy requirements across the industry to leverage predictive modeling

• Predictive modeling with historic data
• Accounting for increased technology related events
• Getting a better result from scenarios to be more forward looking
• Managing global regulations
• Estimating probability and amount for certain risk types
• Obtaining and using data in a compliant way

HOLISTIC RISK MANAGEMENT
4:30 Developing a front to back holistic view of risk for advanced oversight

• Removing a siloed view
• Leveraging opportunities of a holistic view in business
• Strategic approach to risk management
• Understanding the interconnected nature of risk
• Data and infrastructure requirements to provide a holistic view

Katrina-May Kwan, EMEA Head of Risk Governance, Wells Fargo

CYBER RISK
3:10 Reviewing changes to the cyber threat landscape with changes to working environment

• Increased external threats
• Increased exposure with remote working
• Cyber resilience
• Impact to losses throughout the pandemic
• Increased ransom attacks
• Increasing prevention techniques in line with increased vulnerability
• Forward looking metrics for cyber risk
• Producing dynamic indicators and metrics
• Setting risk appetite for cyber risk

Vikas Munshi, Lead Platform Architect, Data Analytics and Machine Learning, ING

EXTERNAL CYBER RISKS
3:50 Managing increased cyber risks from external parties and ensuring supply chain security

• Solar winds case study
• Cyber security across outsourced parties
• Concentration risk and potential systemic impacts

Praveen Singh, Director of Technology Risk, ICBC Standard Bank

TPRM
4:30 Managing increased regulatory pressure for effective oversight and control of outsourced activities

• Mapping software and dependencies
• Understanding interlinks and flow of systems
• Establishing a secure environment
• Compliance for rapidly evolving digital services
• Day to day oversight and controls

INFLATION
3:10 Planning for inflation and balancing the risk across investment and portfolios

• Central bank intervention
• Moving to long term average target
• Compensation for inflation risk

Melissa Longmore, Head of Group Market and Liquidity Risk, Bank of Ireland

STRESS TESTING
3:50 Regulatory expectations of stress testing and impact of COVID-19 on future scenarios

• Regulatory requirements across jurisdictions: EBA and PRA
• Leveraging scenario analysis
• Climate change stress
• New regulatory requirements post-Brexit
• Building an integrated system
• Understanding sensitivities and dependencies across risk types
• Disparities in regulatory stress testing agendas
• ECB reinvention of strategy and approach

CLIMATE CHANGE
4:30 Developing a framework for climate change risk and scenario to understand future impacts

• Impact on financial assets
• Impact of climate change risk on the trading book
• Financing green companies
• Impact of transition risks over time on loans and companies
• Credit risk exposure to non-green companies
• Scenario analysis of shocks to markets

Benjamin Westwood, Senior Manager, Bank of England

FUTURE OF RISK MANAGEMENT

CHANGE MANAGEMENT
11:00 Implementing transformation projects with change management processes to understand full risk

• Managing large scale projects
• Incorporating a complete view of risk across project implementation
• Risk assessment on large scale projects
• Demonstrating to the regulators
• Increased risk of interconnected systems
• Gaining better visibility of data across teams
• Maturity model for transformation

FUTURE OF RISK – PANEL DISCUSSION
11:40 Future of the chief risk office: Developing robust practices with increased digitalization

• Full migration to the cloud
• Centralizing data to run predictions and alerts
• Developing predictive risk management practices
• Developing robust data models
• Developing modern architecture and data models
• Ensuring agility in a changing environment
• Staying a step ahead of the business to manage risk
• Skillsets of the risk manager

Carole Avis, CRO, Insurance, Legal and General

NON-FINANCIAL RISK

SUSTAINABLE BUSINESS
11:00 Modeling for a sustainable business to future proof against market innovation

• Building business models that are resilient and withstanding of change
• Identifying sustainable industries
• Reliance on historic data to make business decisions
• Where are the next big opportunities?

FRAUD – PANEL DISCUSSION
11:40 Reviewing the fraud landscape with increase in threats and techniques

• RUSI report: Fraud reached levels to become a national threat to security
• Increase in fraudulent attempts directly to customers
• Increased risk of internal fraud
• Balancing efficiency and fraud
• Increase in contactless payment amounts
• How endemic is fraud becoming in the system?
• Are we moving towards a more centralized approach to fraud?
• Convergence of fraud and cyber risks

Alex Rothwell, Detective Chief Superintendent, Head of Fraud Operations, City of London Police
Jeremy Strong, Senior Lead, Fraud Control, Natwest

FINANCIAL RISK

CLIMATE RISK
11:00 Embedding Climate financial risk management

• Regulatory expectations (SS3/19 and Dear CEO Letter)
• Understanding physical and transition risks of our customers
• Identifying, assessing and managing climate financial risk
• importance of stress testing in identifying and assessing risks
• Climate Analytics for risk monitoring
• Risk Appetite
• Management Actions and the alignment to strategy

Nigel Milbank, Climate Programme- Senior Manager, Natwest

GREEN FINANCE – PANEL DISCUSSION
11:40 Defining and understanding the move to green finance and climate sustainability

• Parameters to issue green bonds
• Developing standards across the industry
• Defining sustainable assets
  • Are they sustainable if they rely on unsustainable industries?
• Net Zero agenda costs
• Sustainability and transition bonds
• European green bond market interpretations
• Developing a taxonomy with clear definitions

Libor Krkoska, Deputy Director, Country Strategy, ECB

DIGITAL FINANCE
1:30 Understand interrelated nature of complex networks and systems and impact of failure at any point

• Risks associated with such interconnected networks
• Ripple effect across the organization
• Understanding outputs
• Are we losing control?
• Strategies to implement controls
• Developing data standards across the industry

Francis Gross, Senior Advisor, ECB

ESG
2:10 The future of business models as practicalities of ESG agendas are realized

• Understanding vital industries
• Making it tangible
• Progression of climate risk in the future
• Developing taxonomies to manage expectations
• Satisfying metrics to demonstrate an ESG compliant business

APP FRAUD
1:30 Increasing due diligence and controls to manage authorized push payment fraud

• Checking account openings and due diligence
• KYC and AML practices on new and current customers
• The role of biometrics in KYC and AML
• Due diligence to monitor authorized payments

REMOTE WORKING
2:10 Balancing risks of a remote workforce and maintaining security and data protection

• Reaching maximum productivity in a remote environment
• Building an agile organization
• Cyber and data privacy
• Tackling individual challenges to ensure security of data
• IT security techniques
• Increased globalization and connection with global teams

Sucharita Banerjee Lodha, Head of Operational Risk and Governance and International GI, AIG

INTRADAY RISK MANAGEMENT
1:30 Developing methodologies to review risk on an intraday and to better understand positions

• Looking at risk intraday
• Technological constraints
• Understanding risk intraday and measuring against appetite
• Visibility on positions in trading book
• Mitigating risks with increased oversight
• Visibility and transparency for forward projections

Per Hansson, Head of Credit Risk Analytics, Deutsche Bank

FINANCIAL RESILIENCE
2:10 Managing financial resilience and understanding impact of volatility and uncertainty

• Impact of volatility and translating to risk appetite
• Impact of COVID-19 on financial risk
• Reviewing the credit environment
• Adapting risk strategies and business models
• Developing sustainable business models

Pradyumna Javalekar, Executive Director, Market Risk Management, JP Morgan Chase & Co

DIGITAL CURRENCY
3:20 Implications of the introduction of central bank digital currencies for banking

• COVID-19 accelerating plans with reduced use of cash
• Mounting pressure to move to digital currencies
• Decentralized finance
• Creating an ecosystem outside of the banking infrastructure
• Leveraging DLT

Aleksi Grym, Head of Digitalisation, Bank of Finland

COVID-19
4:00 How COVID-19 has changed the way we view and manage risk

• Evolving risk factors in a post-COVID-19 world
• Viewing response and strategy
• Leveraging knowledge to better prepare for next crises
  • What else are we not foreseeing?

Niels Kaas, Head of Risk and Security, Central Bank of Denmark

RCSA
3:20 Updating RCSA as a tool for risk management practices beyond a tick box exercise

• Making RCSA a valuable tool beyond being a tick box exercise
• Alternatives to RCSA
• Using as a tool during the pandemic – did they prove useful?

Andrea Pozzi, Global Head of Non-Financial Risk, Santander

OPERATIONAL RISK
4:00 The future of operational risk practices: Evolving as the landscape becomes more online

• Changing the way we think about operational risk
• The future operational risk practices
• Lessons learned from the pandemic
• Resilience changing the way we view operational risk
• How could the pandemic continue to impact operational risk functions in the long term?

FTP
3:20 Leveraging funds transfer pricing in an increasingly volatile environment with future uncertainty

• FTP and margin management
• Identifying the source of real margins
• Importance of FTP as a tool to manage margins

Suresh Sankaran, Head of Risk Governance, Metro Bank

LIBOR
4:00 Reviewing the impact of transition away from LIBOR as the final deadline approaches

• Uncertainty of costs
• Building a term structure on overnight rates
• What does the transition to risk free rates look like across EMEA?
• Using new rates for transfer pricing
• Adjustments for loan portfolios
• Impact on products and portfolios