Speakers List - Risk USA

Keynote Speakers

Mark Carawan

Chief Compliance Officer


Mark Carawan is the Chief Compliance Officer for Citigroup. Mark is responsible for independent compliance risk management across Citi, reporting to the Citigroup CEO.

Mark was formerly the Chief Auditor and Managing Director responsible for the Internal Audit (IA) Department. Reporting to the Citigroup Audit Committee Chairman, Mark was responsible for IA's delivery of audit assurance on governance, risk management and control across Citigroup globally to the Board and Executive Management.
Prior to joining Citi, Mark was the Chief Internal Auditor for Barclays Group where he led a major transformation of Barclays Internal Audit. Previously, Mark was Managing Partner responsible for Enterprise-wide Assurance to wholesale financial services institutions at Deloitte (UK), where he was engaged in various assignments involving risk management and internal control transformation, particularly as a result of regulatory requirements. Prior to joining Deloitte, Mark was Managing Partner for Andersen's global Privatisation and Emerging Markets practice with responsibility for overseeing business activities in over fifty non-OECD countries, while also being the lead partner on a number of financial sector restructuring and individual bank rehabilitation assignments around the world.

Mark began his professional career within the London Office of Andersen's accountancy practice before moving into consultancy after qualification as a Chartered Accountant. Mark's academic background includes a B.A. from Rutgers University in the USA and a Ph.D. from St. Andrews University in the UK. He has also received the CFIIA, CIA and QIAL qualifications. Mark is on the Board of the Chartered Institute of Internal Auditors, the Board of the global Institute of Internal Auditors (IIA), is Chairman of the global IIA's Financial Services Guidance Committee and is a member of the Board of Directors of the Greater New York Council of the Boy Scouts of America.



Jeanmarie Davis

Senior Vice President, Supervision Division


Jeanmarie Davis is senior vice president and head of the Enterprise Risk Supervision function in the Supervision Group at the Federal Reserve Bank of New York. Ms. Davis is responsible for the oversight of risks faced by financial institutions in the Second District, including the systemically important firms designated by the Financial Stability Oversight Council, large foreign financial institutions and large regional banking organizations.

Ms. Davis leads a team of risk professionals responsible for the full range of enterprise risks including credit, market, liquidity, compliance, operational and model risk. The work of this group is carried out within the regulatory framework established by the Board of Governors and forms the basis for an overall assessment of the firms supervised. Previously, Ms. Davis was head of the Financial Markets Infrastructure function.

Ms. Davis joined the New York Fed as an application analyst in June 1985. In March 1993, she was named an officer of the Bank and assigned to operational risk department in the risk management function. In January 2003, Ms. Davis was promoted to assistant vice president and was promoted to vice president in January 2005. In September 2005 she was given responsibility for large complex banking organizations and subsequently had oversight for the supervisory programs for several portfolios.

Ms. Davis holds a bachelor's degree from Colgate University and a master's degree from Baruch College.


Richard T. Jacobs

Assistant Special Agent in-Charge of the Cyber Branch

FBI New York

Richard T. Jacobs is the assistant special agent in-charge of the Cyber Branch in the FBI's New York office. The branch investigates national security and criminal cyber matters and responds to cyber incidents in the New York metropolitan area. In 2014, Mr. Jacobs helped establish the Financial Cyber Crimes Task Force, a multi-agency initiative targeting cyber crime and technology-based fraud schemes.
Following graduation from the FBI Academy in 1999, Mr. Jacobs was assigned to New York where he investigated a variety of securities fraud matters. From 2002 to 2005 he played the role of a corrupt stock broker in a market manipulation undercover operation which resulted in the conviction of 49 individuals. In June 2010, he was selected to lead a Manhattan-based securities fraud unit which handled the Bernard L. Madoff and the Galleon Group insider trading investigations. He was named assistant special agent in-charge in October 2014.
Prior to joining the FBI, Mr. Jacobs was a risk manager on Wall Street. He holds a Master of Business Administration degree with a concentration in finance and international business and was awarded the credential of Certified Information Systems Security Professional in 2015.

Main Speakers

Saad P Aslam

Credit Risk Review, Independent Risk Management


Andrew Auslander

Head of Risk Governance and Disclosure, Enterprise Risk Management


Andrew Auslander has over 20 years of experience in the global financial markets. He has spent half his career as an enterprise risk manager experienced in developing risk frameworks to support overall business strategy for asset management, private banking, and investment banking. During this time, he managed market, traded credit, counterparty credit, liquidity, operational, vendor, and model risks. He has taught the benefits of risk culture in various countries. He is effective at communicating risks and mitigators to senior management, internal audit, and regulators. Currently, Andrew is Head of Risk Governance and Disclosure at AIG. Previously, he led the risk management and trading teams at international banks and asset managers.

Andrew earned a Bachelor of Science degree from the United States Merchant Marine Academy. He holds a Master of Science degree in Computer Science and Information Systems from Rensselaer Polytechnic Institute and studied Finance at New York University's Stern School of Business. Andrew is a CFA Charterholder and a Financial Risk Manager (FRM) certified by the Global Association of Risk Professionals. Mr. Auslander holds FINRA Series 7, 24, and 63 licenses.


Alex Beigelman

‎Managing Director, Technology Operational Risk Officer


Alex is the Operational Risk Officer for Global Technology. Alex re-joined JPMC in 2015 after an absence of 8 years during which he led Information Security at UBS Americas.

Through his 30+ year career, Alex has had hands on and leadership roles across a wide variety of technology and business areas including application development, infrastructure management, technology architecture, business resilience, operations and security.

Among a number of activities in his prior roles with JPMC, he brought Linux into the bank as a standard platform, and together with partners in the Investment Bank built the Compute Backbone (CBB). Alex has also had leadership roles at Deutsche Bank and Sun Microsystems and led a hedge-fund services startup. He has also started his own marine navigation software company.

Alex is a graduate of Polytechnic University in Brooklyn, NY with a Masters Degree in Computer Science.


Charles Bragg

Managing Director, Americas Head of Risk Control and Global Head of Credit Risk Control


Charles Bragg is the Regional Head of Risk Control of UBS Asset Management, Americas, and AM Global Head of Credit Risk Control, based in Stamford, Connecticut. He is a member of the UBS Americas Risk Committee and UBS AM Americas Regional Governance Committee. 
Prior to his current role, Charles worked in the UBS Investment Bank Market Risk Control group based in Stamford, Connecticut, where he covered equity derivatives, interest rate derivatives and foreign exchange products. He also worked in the Equity Derivatives Business Unit Control group of UBS Investment Bank in Chicago, London and Stamford.
Prior to joining UBS, Charles worked at the Chicago Board of Trade and for the Financial Services group of KPMG as a senior auditor.

John Briggs

Head of Strategy, Americas

NatWest Markets RBS

Mr. Briggs is Head of Strategy, Americas, with a focus on determining and effectively delivering NatWest Markets' macro cross-asset view, as well as leading and coordinating NatWest Markets' strategy efforts in the Americas. In this role and as Head of Treasury Strategy, he publishes the US Strategy Focus flagship publication, as well as the Treasury Morning Call and NatWest Markets Closing Note, and in this capacity, assists the global sales and trading desks with both internal and external client interactions. Formerly, John was the Head of Cross-Asset Strategy and also Head of Asset-Backed Products Strategy, managing and coordinating our strategic views in MBS, ABS, and Structured Products.

Joined the company
In current position
Previous position at the company
Head of Cross-Asset Strategy, Americas and Head of Asset-Backed Products Strategy, Americas
Mr. Briggs holds a BSBA from Bucknell University and a Masters of Science in Financial Risk Management from the University of Connecticut.
Additional background
Mr. Briggs held the position of Proprietary Trader at BWT Professional Trading, Inc. and was a Senior Portfolio Manager at Prologue Capital LLC. In addition, Mr. Briggs spent 11 years serving in a variety of roles at Capra Asset Management, including Head Trader for more than seven years.

Jose Canals-Cerda

Special Advisor in Supervision, Regulation and Credit


José J. Canals-Cerdá is a Senior Special Advisor at the Federal Reserve Bank of Philadelphia in the Supervision, Regulation, and Credit Department. His areas of expertise are Financial Risk Management, Financial Econometrics, Retail Credit Risk and Loss Modeling. He has participated as a lead expert in SCAP, CCAR and DFAST stress tests. He has made significant contributions to the development of systems and databases at the Federal Reserve for the analysis of regulatory stress tests. He was the principal developer of the Federal Reserve System methodology for Stress Testing of cards portfolios during the CCAR and DFAST stress test exercises, leading a group of Ph. D. economists and analysts. He is a lead quantitative expert in credit risk, securitization, ALLL, Economic Capital, Stress Testing, Basel, Credit Scoring and Model Risk Management. He has lead quantitative benchmark studies in several areas of interest to the Federal Reserve System related to Stress Test, Basel II and ALLL/CECL. He is a regular contributor to Basel II working groups within the Federal Reserve System. He is also an advisor to the Large Institution Supervision Coordination Committee (LISCC) in the area of credit risk.

Qingqing Chen

Qingqing Chen


At the OCC, Dr. Chen serves as a credit-risk modeling expert to conduct on-site and off-site bank-specific exams of quantitative models and methods for valuation and risk measurement in the areas of Basel III/II risk parameters (PD, LGD and EAD), retail acquisition, account management and pricing models, and DFAST/CCAR stress testing models. She has represented the Risk Analysis Division on inter-agency, intra-agency and international policy working groups, conducted bank-specific analyses of quantitative credit risk measurement and models, advised on quantitative modeling issues to bank examiners and policy makers in the OCC. She also serves as an Instructor for Consumer Credit Risk Model course for OCC examiners.

Dr. Chen's current research projects focus on credit risk modeling, forecasting, banking and financial institutions, and uncertainty. Dr. Chen received her doctorate in economics from Cornell University and an undergraduate degree from Peking University in China.


Hakan Danis

Director, Economic Stress Test Manager, Credit Strategies Group


Lori M. Evangel

Executive Vice President and Chief Risk Officer


Lori M. Evangel is Executive Vice President and Chief Risk Officer for Genworth. Lori joined Genworth in January of 2014. Prior to Genworth she was Managing Director and Chief Risk Officer at Aflac's Global Investment Division. Prior to Aflac Lori served as Enterprise Risk Officer at MetLife with responsibility for global enterprise risk management leading a cross-functional team in more than 50 countries. Lori also served in key risk management roles at MBIA Insurance and Moody's Investor Services. At Genworth Lori is responsible for leading all aspects of enterprise risk management including creating, implementing, and leading global risk management systems and strategies.
Lori holds a BA in Political Science from Middlebury College in Vermont and an MBA in Finance from the State University of New York at Albany. She resides in Richmond, Virginia with her family.

Hany Farag

Senior Director and Head of Risk Methodology and Analytics


Hany Farag is Senior Director and Head of Risk Modelling and Methodology at CIBC. Prior to his current position he was a partner at Eastmoor Capital Partners, LLP; Managing Director and Head of FX Statistical Arbitrage at CIBC; and Head of Quantitative Research at OANDA Corporation. Prior to his industry positions he was a Postdoctoral Fellow at Caltech and at Rice University. He holds a PhD in Mathematical Analysis from Yale, a MS in Theoretical Physics from Yale, and a BSC in Electronics and Communication Engineering from Ain Shams.

Meaghan Fine

FVP - Risk Research, Enterprise Risk Services


Steven Geovanis

Managing Director and Chief Risk Officer


Steven is responsible for Hedge Fund Due Diligence, Risk Management of Hedge Fund Portfolios, and covers equities, fixed income and FX at Lyxor Asset Management. At the end of last year Steven did extensive analysis of Lyxor's flagship multi asset portfolio made up of $2.5 billion (after record performance in 2013). This resulted in redemption of Lyxor's systematic CTA's, and investment in discretionary macro managers, as well as the movement of their equity books towards market neutral managers and redemption from traditional credit managers. The moves were controversial at the time but are working well in the current environment.

Said Haidar

President and CEO


Said N. Haidar: Managing Member and President
Said N. Haidar is the Managing Member at Haidar Capital. A graduate of Harvard University (B.A. in Economics with Honors, 1983), Mr. Haidar also received an M.A. degree in Economics from Harvard University in 1983. He undertook further graduate study in economics at the University of Chicago from 1983 to 1986 where he completed all course work in furtherance of a Ph.D. in Economics except for his dissertation. He was the Valedictorian of the prestigious Central High School of Philadelphia.
Mr. Haidar was appointed Vice President and Director of Quantitative Research in the Institutional Futures and Options division of Drexel Burnham Lambert in 1986. During the time he spent at Drexel, Mr. Haidar became a leading expert in the field of portfolio insurance. His research there led to the development of Modern Option Replication, a method of using exchange-traded options to implement portfolio insurance as opposed to dynamic trading strategies.
In 1989, Mr. Haidar joined Lehman Brothers, where he was named Senior Vice President and Director of the Quantitative Strategies Group. At Lehman, he was responsible for quantitative research modeling involving the relative value of futures and options. Finding imperfections in the Black-Scholes model for option pricing, he built new models to calculate more realistic values of options that accounted for the term structure of volatility and the thick-tailed distributions encountered in financial markets. He also derived models that accounted for the difference in pricing of Eurodollar futures and Forward Rate Agreements and that calculated the option-adjusted fair value of the bond futures basis. He regularly advised institutional portfolio managers on relative value issues. While at Lehman, Mr. Haidar also managed a foreign exchange trading strategy, which sought to profit from differences in yields among currencies, as well as advising the foreign exchange and commodity desks on risk management and exotic options pricing. He subsequently joined the Financial Products Department of Lehman Brothers as the Director of Derivative Strategies. He was responsible for devising pricing and hedging models for a wide range of structured products, including CMS and CMT-based swaps and options, Guaranteed Exchange Rate products and interest rate amortizing swaps. Mr. Haidar was also responsible for technical pricing and risk management issues, such as alternative methods of stripping yield curves and calculating hedge ratios.
In March 1994, Mr. Haidar moved to Credit Suisse First Boston ("CSFB") as Director of Proprietary Trading Research. There, he built a large number of analytical trading tools, including a sophisticated Value-at-Risk calculator. Mr. Haidar was involved in trading strategies on the proprietary fixed income trading desk in New York including global macro, US Treasury arbitrage, mortgage arbitrage and basis trading. He managed a portfolio of futures positions as well.
Mr. Haidar left CSFB in April 1997 and founded Haidar Capital Management. Haidar Capital initially focused on managed futures strategies. In September 2000, Haidar Capital made its foray into hedge funds, with the advent of its flagship hedge fund product, Haidar Jupiter Fund. Today, the firm continues to manage its flagship fund and trades in global fixed income markets (including interest rate swap and credit derivative markets), futures products, foreign exchange products (including non-deliverable forwards), and equity securities (including total return swaps on equity baskets). Mr. Haidar's approach to investment management is to look for trading strategies, which generate excess returns over long periods. To that end, Mr. Haidar and his investment team look for systematic and discretionary trading opportunities, sourced from known market anomalies documented in financial journals and major investment bank research reports, as well as from predictions regarding growth, central bank policy, etc.

Matthew Halperin

Senior Vice President, Independent Global Risk Officer


Matt Halperin, CFA is Independent Global Risk Officer and Senior Vice President for MFS Investment Management. Mr. Halperin joined MFS in 2014. Has 30 years of experience in the investment industry. At MFS Matt's role is to independently measure, monitor and assess risks in investment activities using VaR, Liquidity risk, stress tests and other risk measurements making sure the tools, people and processes are in place to support the activities. He also manages performance and attribution team. He joined MFS from TIAA-CREF, an $800bn asset manager and life insurance company. At TIAA-CREF, he was Head of Strategic and Product Risk and served on the Board of its subsidiary life insurer TCLife. Mr. Halperin spent seven years at Putnam Investments as Senior Vice President, where he served as Head of Derivative Strategy and Director of Alternative Investments. Mr. Halperin worked six years as a portfolio manager specializing in derivatives and CMOs at Allstate Insurance.
Mr. Halperin holds an MBA in finance and a bachelor's degree in history from the University of Chicago as well as a CFA designation.

Michelle Hubertus

Managing Director, Head of CCAR for Risk


For the past 12 years Michelle Hubertus has been a specialist in all areas related to bank capital management (including economic capital, capital planning, CCAR, Basel III). At present, she is a managing director and Head of Risk Transformation, Americas at Deutsche Bank in NY. She supports the US Chief Risk Officer in shaping, managing, and delivering an interconnected portfolio of regulatory and strategic programs that are meant to ensure compliance with local regulations, cross-bank strategic initiatives, and divisional execution plans.
Prior experience includes roles as a subject matter expert on a variety of systemically important banking issues for a nonpartisan advocacy organization, global head of Capital Interpretation and Analysis team at Citi, and global head of Capital Policy and Implementation at Bank of America. She also spent 14 years at JPMorgan Chase in a variety of roles in Research, Risk and Finance.
Michelle has been an active member of numerous industry groups related to capital, risk, and regulatory reform and is a frequent speaker on risk topics.
Michelle holds an MBA in finance from the Stern School of Business and an AB from Lafayette College in economics and international affairs. She is also National Board Member of Hadassah and is the mother of three children.

Samia Husain

Director, Product Marketing and Strategy for Financial Services


Samia Husain is the Director of Product Strategy and Marketing for Financial Services at enterprise AI pioneer Ayasdi. Samia has developed considerable domain expertise in banking regulation, risk management, public policy, and regulatory stress testing during her seven year career at the Federal Reserve Bank of San Francisco and the Federal Reserve Board in Washington D.C.
Following her tenure at the Fed, Samia worked for Moody's Analytics as a subject matter expert and product manager to lead development of enterprise risk software applications. She also served as a consultant on client advisory engagements at Moody's.
Samia holds a Master's Degree in Economics and a Master's Degree in Public Policy from Washington University in St. Louis. She is currently completing her Ph.D. in Economics. She graduated with honors and dual bachelor degrees in Economics and Business Administration from the University of California, Berkeley.

John A. Ikard

Chief Executive Officer


Presidernt and CEO of First Bank Holding Company, Lakewood, Colorado and immediate past chairman of the American Bankers Association (ABA).

With total assets of excess $15 billion dollars, FirstBank is the second largest bank in the State of Colorado and one of the largest privately held financial institusions in the country. Despite the financial crisis, FirstBank has posted record profits every year since 2007. John started at FirstBank in 1981, and has been president and CEO of FirstBank Holding Company since 1999.

John has held leadership positions in a wide variety organizations. He formerly served on the Board of Directors of the Federal Reserve Bank of Kansas City, former Vice chair and current board member of both the Colorado Children's Hospital Board. He is past Chairman of the Denver Area Boy Scout Council past chairman of the Denver Metro Chamber of Commerce and past board member of the Colorado State University Board of Governors.

In 2010, John was honored with the prestigious "Community Banker of the Year"  by the American Banker Magazine. First Bank has been awarded the "Ethics Business" award by the Colorado Ethics in Business Alliance and named by the Denver Post as "Best Place to Work" for the last four years.

John is a graduate of the Colorado State University, holds an MBA from St. Edwards University in Austin, Texas, and is a graduate of the Pacific Coast Banking School at the University of Washington.

Sahil Kapoor

Vice President


Vice President, Regulatory and Industry Standard Risk Solutions, State Street Corporation
Mr. Kapoor is currently leading the liquidity product development team within State Street Global ExhcnageSM. Sahil has
developed risk solutions and provided advisory services spanning liquidity risk, market risk, and stress testing. Prior to his current
role at State Street, Mr. Kapoor was most recently the Senior Manager of Liquidity modelling and Stress Testing at the Bank of
Mr. Kapoor holds an undergraduate and a graduate degree in Mathematics from the City University of New York and a Masters of
Mathematical Finance degree from the University of Toronto.

Gonzalo Kenny

Managing Director, Head of Portfolio Optimization Desk


Gus Koutsoumbelas

Director, Model Risk Management


Gus Koutsoumbelas is in the Model Risk Management Dept. at MUFG Union Bank, and is responsible for model validation of enterprise-wide risk models under MUFG's global framework including BTMU NY, MUTB, and MUS (USA), as CUSO & IHC entities responsible for global commercial, trust and securities/broker-dealer banking business. He has validated a wide range of models in the market risk, credit risk and enterprise-wide risk areas including: liquidity risk stress testing frameworks, CCR models, BSA/AML & OFAC sanctions screening, and fraud behavior & detection models, swaptions, tax-leasing, country risk, and initial margin (SIMM) models, as well as, contributor in CLAR & CCAR/DFAST stress testing, and PPNR model validations. Gus has experience in developing and validating models across various facets of model lifecycle including development, implementation, validation and model governance. Previously, he has provided consulting services as Credit Risk Quant at Citizens Bank (RBS) in EC examination of Treasury portfolios; Senior Market Risk Quant at Hudson City Savings Bank in validation of bank's liquidity risk framework; and Lead Credit Risk Model Developer of prepayment model at GE Capital. Additionally, he was Head of a Quant Team for 10 years at Pershing, BNY Mellon providing services in the areas of Portfolio Investment and Risk Management. Gus graduated with an MSc and BSc in Electrical Engineering and Electro-physics with minors in nuclear physics and computer science from Polytechnic University.

Elena Kvochko

CIO - Group Security Division


Elena Kvochko is CIO for the Group Security Division at Barclays Bank. Previously, she served as Head of Global Cyber Security Strategy Implementation at Barclays. Her focus is on enabling the highest degree of security that scales to protect over 48 million customers and 130.000 employees globally. She has worked to develop and introduce a new security model to deliver a holistic end-to-end security bringing together physical, cyber security, intelligence, investigations, resilience, protecting the company from threats regardless of their nature and enabling cross-channel visibility. Elena co-authored books on managing complex security and technology transformations for enterprises and contributed to Forbes, Harvard Business Review, and other media outlets. Elena was named among Top 100 CIOs 2017 by CIO Magazine and was part of Fortune Magazine's Most Powerful Women International.

Jimmie H. Lenz

Head of Predictive Analytics


Dr. Jimmie Lenz is an experienced executive, lecturer and scholar in the field of banking and capital markets.
Starting his career as an equity trader over 25 years ago, Jimmie found he reveled in fast moving atmospheres that required both strategic thought and the ability to take immediate action. His successes propelled him into a number of senior management roles within the finance community including leading an NYSE broker dealer with foreign and domestic operations, where he was able to test both the appetite for and capacity of electronic trading platforms.
Global financial services firms and exchanges have engaged Jimmie to address issues related to strategic and tactical planning, risk mitigation, and business efficiencies. This in-depth understanding of the capital markets industry has allowed him to provide crucial perspectives in foreign and domestic regulatory matters, including extensive work with outside counsels and the presentation of findings to the Security and Exchange Commission.
His passion for developing forward-looking strategies, merge his unique boots-on-the-ground understanding of how the capital markets work with the academic application of new technologies.
Jimmie holds an undergraduate degree from the University of South Carolina, a Master of Science in Finance from Washington University in Saint Louis, and Doctor of Business Administration-Finance from Washington University's Olin Business School. He has a number of pending patents related to his work and frequently speaks at academic and industry events primarily on topics related to innovation, risk, and quantitative analysis.

Julia Litvinova

Head of Model Validation and Analytics, Managing Director


Julia Litvinova is the Head of Model Validation and Analytics at State Street. In this role Julia is responsible for supervising validation of a broad range of models for credit, market, ALM, liquidity risks and asset management at State Street as well as quantifying and managing model risk at the firm-wide level.

Prior to joining State Street Julia worked at the Brattle Group, the economic litigation consulting company. She received her Ph.D. in Economics from Duke University, M.A. in Economics from New Economics School and M.S. in Mathematics from Moscow State University.


Robert Linklater

SVP, Head of Stress Testing


obert Linklater leads the stress testing and Capital Target Setting for the US operations of TD Bank. He previously led the implementation of CCAR, Valuations, Capital reporting and initiatives for the Wholesale Bank of TDBG. He was also responsible for Global Stress testing across the Wholesale Bank and led certain Volcker-related initiatives at the Wholesale Bank and Enterprise level, in addition he was the CFO various subsidiaries related to Private Equity and Asset Securitizations.

Prior to TD Bank, Mr. Linklater held various positions at the Royal Bank of Canada including Head of Corporate Treasury Finance. He was responsible for enterprise derivative and hedge accounting and reporting, accounting and reporting of treasury related activities, including securitization. He led the IFRS transition for these areas. He had also held the position of Head, External Reporting at Royal Bank of Canada where he was responsible for the Annual and Quarterly Report to Shareholders, ensuring compliance with Canadian and US GAAP, securities law and Basel II. He held senior management roles in Group Risk Management leading enterprise credit provisioning and Basel II parameter estimation initiatives. Robert has five years of experience in public accounting, with Coopers & Lybrand in Canada and the United Kingdom working primarily with financial institutions. He holds a Bachelor of Commerce degree in Finance from McGill University and a Masters of Business Administration from the University of Toronto.


Stevan Maglic

Senior Vice President, Risk Analytics


Steve is Senior Vice President and head of Quantitative Risk Analytics at Regions Bank, where his current responsibilities focus on quantitative aspects of forecasting and stress testing, risk rating, valuation, economic capital, credit strategy, reserve methodologies and credit portfolio management.  Steve has 20 years of industry experience in quantitative modeling and risk management and has prior experience building portfolio management and analytics infrastructure at Merrill Lynch, Bank of Montreal and ABN AMRO.  Steve has a Ph.D. in applied physics from Northwestern University, a B.S. in physics from University of Colorado in Boulder, and has held Series 7 and Series 63 certifications.

Will Newcomer

Vice President Strategy and Market Management


Will Newcomer has more than 35 years of experience in risk and finance with major and regional banks as well as leading technology firms, making him uniquely qualified to lead clients to the forefront of integrated finance, risk and compliance solutions. In addition, Will uses extensive experience in enterprise-wide management information systems to help financial institutions in the areas of risk adjusted performance management, budgeting and planning, asset and liability management, incentive compensation, financial reporting and stress testing.

Stefano Pasquali

‎Managing Director, Head of Liquidity Research


Stefano Pasquali Managing Director, is the Head of Liquidity Research Group at BlackRock Solutions. As Head of Liquidity Research, Mr. Pasquali is responsible for market liquidity modelling both at the security and portfolio level, as well as estimating portfolio liquidity risk profiles. His responsibilities include defining cross asset class models, leveraging available trade data and developing innovative machine learning based approaches to better estimate market liquidity. Mr. Pasquali is heavily involved in developing methodologies to estimate funding liquidity and better estimate funds flows. These models include: the cost of position or portfolio liquidation, time to liquidation, redemption estimation, and investor behavior modelling utilizing a big data approach. Stefano is a member of the Government Relations Steering Committee within BlackRock.

Previous to Blackrock, Mr. Pasquali oversaw product development and research for Bloomberg's liquidity solution, introducing a big data approach to their financial analytics. His team designed and implemented models to estimate liquidity and risk across different asset classes with a particular focus on OTC markets. Before this he lead business development and research for fixed income evaluated pricing.

Mr. Pasquali has more than 15 years of experience examining and implementing innovative approaches to calculating risk and market impact. He regularly speaks at industry events about the complexity and challenges of liquidity evaluation ̶ particularly in the OTC marketplace. His approach to risk and liquidity evaluation is strongly influenced by over 20 years of experience working with big data, data mining, machine learning and data base management.

Prior to moving to New York in 2010, Mr. Pasquali held senior positions at several European banks and asset management firms where he oversaw risk management, portfolio risk analysis, model development and risk management committees. These accomplishments include the construction of a risk management process for a global asset management firm with over 100 Billion AUM. This involved driving projects from data acquisition and normalization to model development and portfolio management support.
Mr. Pasquali, a strong believer in academic contribution to the industry, has engaged in various conversations and collaborations with universities from the US, UK, and Italy. He also participates as a supervisor in the Experiential Learning Program and Masters of Quantitative Finance Program based at Rutgers University, along with tutoring students in research activities.

Before his career in finance, Mr. Pasquali was a researcher in Theoretical and Computational Physics (in particular Monte Carlo Simulation, Solid State physics, Environment Science, Acoustic Optimization). Originally from Carrara (Tuscany, Italy), he grew up in Parma. Mr. Pasquali is a graduate of Parma University and holds a master's degree in Theoretical Physics, as well as research fellowships in Computational Physics at Parma University and Reading University (UK).


Mandar Rege

Enterprise Head of Technology Risk


Currently he is the Enterprise Head of Technology Risk Management at TD Bank Group. Before TD, Mandar was in various practice leadership and client service roles at Accenture LLC, Alvarez & Marsal LLP,  KPMG LLP and Ernst & Young LLP serving clients globally across diverse industry sectors.
Mandar has also previously served in operational roles as a senior executive in security and technology management to transform and operate technology, security and technology risk management programs. This includes serving as the interim CISO at a top-10 bank in North America with a global footprint.
He is an active member of the professional community and has presented at industry forums like the RSA and IAPP Conferences. Additionally, he is an Adjunct Professor at New York University and served as the Chair of the Canadian Banking Association's CIRT (CISO Forum). He holds the CISSP, CIPP, CISA, and PMP certifications.

Yujush Saksena

Managing Director, Market Risk


Over twenty-five years of experience in global financial institutions in various Risk Management roles at a country, region, and corporate level. In-depth understanding of Bank Risk Governance Regulatory and Compliance requirements for Market Risk, including CCAR PPNR, Model Development, Model Validation and experience in implementing solutions to meet bank regulatory requirements. Demonstrated ability in managing cross-functional teams on large, complex projects and delivering results.

Julie Sherratt

Managing Director


Julie Sherratt joined TD Asset Management Inc. (TDAM) in January 2001. As Head of Investment Risk, Julie has responsibility for the Manager Research, Performance Measurement and Risk teams. Manager Research has responsibility for oversight of all mutual fund sub-advisors, Separately Managed Accounts and recommended mutual funds on behalf of TD Wealth in both Canada and the US. The Risk teams are divided by asset class and are responsible for understanding the risks inherent in each portfolio and ensuring those risks align with mandate expectations. Performance Measurement is responsible for calculating, quantifying and understanding the drivers of performance for all investment portfolios. In her previous role as Vice President, TD Harbour Capital, she oversaw the client service, trading and operations for Harbour's high net worth clients. She has also held several positions with leading firms in the Canadian brokerage industry. Julie completed her Bachelor of Arts in Economics at Simon Fraser University and is a CFA charterholder.

Suhail Shergill

Director, Data Science and Model Innovation


Alexey Smurov

Senior Director


Alexey Smurov is Senior Director and Head of Capital Model Validation at Capital One. Dr. Smurov has over 10 years of experience in the financial services industry. Over the last 5 years, he's been leading Capital One's model risk management team in the areas of Regulatory and Economic Capital across the full spectrum of risk types: Credit, Counterparty, Operational and Market risk. Alexey earned a PhD in Economics from the University of Georgia. He also holds the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Energy Risk Professional (ERP) and Professional Risk Manager (PRM) designations.

Jorge R. Sobehart

Managing Director, Risk Architecture


Jorge R. Sobehart is a Managing Director at Citi Risk Architecture (Credit and Operational Risk Analytics) where he is involved in credit risk capital measurement and allocation, stress testing, advanced portfolio loss models for wholesale credit exposures, credit migration and default risk modeling. Previously, he was a member of Moody's Standing Committee on Quantitative Tools and VP senior analyst in Moody's Risk Management Services, where he developed default risk models, early warning tools and model validation metrics and procedures.

During his career, he has worked and acted as a scientific consultant for several prestigious companies and institutions making contributions in different fields, and publishing numerous technical articles and conference papers. He also acted as a referee for many professional journals in risk management, finance, physics, computation and mathematical modeling. Dr. Sobehart has advanced degrees in physics and has postdoctoral experience at the US-Los Alamos National Laboratory.


Craig Spielmann

Operational Risk Specialist

Operational Risk Specialist

First Data - Craig is Global Head of Enterprise Risk Management Strategy and is responsible for developing and implementing the ERM Framework Elements, Integrating Risk Management into the Business Strategy, executing Top Risk Assessments, developing and driving the RCSA and Scenario Analysis Programs, ERM Training, Bank Sponsorship Risk Analysis, collecting and reporting External Events and leading the ERM Technology Program's Strategy and Architecture.
RBS - MD - Head of Operational Risk Management for the Americas where he was responsible for driving risk practices and governance to comply with the Federal Reserve's Cease & Desist Order over America's businesses. Craig designed major changes to RBS's risk framework and compensation program to align with the Federal Reserve's Compensation Initiative and Dodd -Frank. He also implemented regional level scenario analysis on major industry exposures such as DDOS, foreclosures practices, and Model Risk Management program. He also co-chaired the Americas Compliance and Operational Risk Committee and was a member of the IT Risk Committee, ORM Capital and Vendor Management Committees. In addition, Craig was also the
RBS - MD - Global Head of ORM's Systems and Analytics where he developed advanced analytical risk systems and ran the Global Risk Data Aggregation Initiative for ORM.
Citigroup - SVP/ CAO and Head of Risk Management for Global Technology Operations. Craig created and developed the firmware IT Risk Management Approach and Culture Initiative, developed a business approach to application risk classification, led the Executive Committee member and key driver of Citi's IT Risk Reengineering Initiative, Chaired the business wide Electronic Communications Committee.
J.P. Morgan - Head of JPM's Horizon Risk & Advisory Business. Craig created JPMorgan's Horizon GDC Solution deployed at J.P. Morgan and throughout the top institutions in the financial industry. Won several risk and technology awards including "Best Operational Risk Assessment Software," Received a Patent on "Measuring and Managing Operational Risk". Closed 26 major deals with top financial companies and regulators such as: The Federal Reserve Bank, Merrill Lynch, Credit Suisse, Prudential, The World Bank, Bank of China, Hong Kong Monetary Authority, Swiss Re, Bank of Tokyo - Mitsubishi, ABSA, Bradford& Bingley, British Petroleum, Kasikorn Bank, Developed an industry standard methodology for operational risk convergence .
J.P. Morgan - Head of Information Technology Risk Management . Craig built J.P. Morgan's first Global IT Risk Department and initiated significate changes such as forming and chairing the Global IT Governance Committee, rolling out RCSA ‘s globally, defining key performance metrics and creating regular dialogue with regulators around the world.
RiskTao, LLC - Craig is the CEO & Founder of RiskTao, LLC which specializes in Enterprise Risk Training and Advisory Services.
Education: Graduated from Iona College with a Double Major in History and Communications

Amit Srivastav

Executive Director, Quantitative Analytics Group


Amit Srivastav, is an Executive Director in Morgan Stanley and manages the Quantitative Analytics Group (QAG) in Internal Audit which is responsible for independent assessment of model risk across the Firm including continuous monitoring, risk assessments, testing and reporting of model risk. Prior to Morgan Stanley, Amit was at Bank of America for 12 year career where he spent different roles as the Head of the Market and Counterparty Credit Risk audit functions, Model Risk audit team and in model validation. Amit has a MS in Mechanical Engineering and MBA from CUNY, NY. He also has a certificate in Statistics from Carnegie Mellon and is a CFA Charterholder.

Charles Tao



Charles Tao is a Director in Citi's ICG Risk Analytics Group, where he leads a team responsible for the development and implementation of Basel 2.5 IRC, CCAR trading and counterparty credit risk IDL, and FRTB DRC models. His team is also actively involved in other aspects of Citi's FRTB implementation, particularly for credit and mortgage-related products. Prior to joining Citi, he worked as an investment risk manager at State Street Global Advisors , focusing on risk budgeting, portfolio optimization and asset allocation of the firm's fixed income portfolios; and as a senior data scientist at the Research Department of Novartis, where he developed statistical data mining and machine learning methods to identify patterns in large and complex data sets. He has a doctoral degree in Physics and a master's degree in Computer Science from New York University; and has earned the Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM) designations.

Petal P. Walker

Chief Counsel, Office of Commissioner Bowen


Prior to joining the Commission, Petal Walker worked as a Senior Associate at Wilmer Hale, aiding domestic and international clients - including swap execution facilities, designated contract markets, derivatives clearing organizations, foreign boards of trade, futures commission merchants, introducing brokers, swap dealers, commodity pool operators, commodity trading advisors, end-users and others - with compliance with Dodd-Frank regulation. Petal has also co-written several client guides and articles, including those published in the Futures and Derivatives Law Report, World Securities Law Report, and Journal of Investment Compliance, on issues such as extraterritoriality, foreign and domestic exchanges, mandatory clearing, end-user exception, segregation of funds, and the Volcker Rule. Before becoming an attorney, Petal had a successful career as a teacher and History Department Chairperson in an inner city school, winning several awards for instruction, including from The New York Times and the University of Chicago. Petal has also served as a Director on the Jumpstart DC Local Advisory Board, a non-profit that provides quality pre-school education to low-income students; and Co-Chair of the Derivatives, Securitization, and Project Finance Committee of the Corporation, Finance and Securities Section of the District of Columbia Bar Association. Petal holds degrees from Yale University (B.A.), Harvard Graduate School of Education (Ed.D.) and Harvard Law School (J.D.).

Leon Xin

Executive Director, Head of Risk, Portfolio Construction and Hedge Fund, EFG,


Leon Xin is the Head of Risk and Portfolio Construction and Hedge Fund Strategist for the CIO team of the Endowments and Foundations Group at JP Morgan. Mr. Xin conducts risk analysis and quantitative research to construct portfolios and improve portfolio efficiency. He is also responsible for research and selection of hedge fund managers. Mr. Xin joined J.P. Morgan in 2016 and has 11 years of investment industry experience.

Prior to J.P. Morgan, Mr. Xin worked for over 10 years as the Head of Alternative Investment Risk team at UBS Asset Management, where he covered UBS O'Connor, an internal multi-strategy hedge fund. As the Head of Risk team, Mr. Xin was responsible for risk analysis and quantitative research on multi-strategy hedge fund investing in equity, credit, risk arb, convertible arb, macro and volatility strategies. Prior to UBS, Mr. Xin worked as an associate in Ping An Insurance of China for two years on strategic planning projects.

Mr. Xin received a M.S. degree in Applied Math from the University of Illinois at Chicago and is a CFA charter holder.


Han Zhang

‎Managing Director, Head of Market Risk Analytics


Wei Zhu

Managing Director


Wei Zhu is a Managing Director in Citi's Institutional Client Group's (ICG) Risk Analytics group, where he heads the global Market Risk Analytics team with oversight on counterparty credit risk modelling. After joining Citi in 2001, he has been focusing on building quantitative models to capture market risk and counterparty credit risk, for the purpose of both internal risk management and regulatory capital calculation. Mr. Zhu received his BS in Physics from Fudan University, and his PhD in Physics from New York University. He is also a CFA charter holder since 2004.

Oscar Zheng

Head of Global Market Risk Model Validations


With 8 year experience in market and counterparty risk model validation, Oscar is a market risk model expert and head of global market risk model validations at BNP Paribas. He is in charge of validating VaR, SVaR, IRC and CRM models for cross-asset products.
Oscar holds a Master's degree in quantitative finance from the ecole Mines ParisTech, France.

Advisory Board

Kris Devasabai

New York Bureau Chief


Kris Devasabai is the New York bureau chief for Risk.net. Previously, he was US editor of Risk magazine and now he manages the editorial team in New York. Prior to joining Risk, he covered hedge funds, asset management, cross-border investing and law for several publications.
Kris holds a bachelor's degree in law and government from the University of Manchester, and he completed his legal training at the Inns of Court School of Law in London. He was called to the bar of England and Wales in 2003.

Rick Harper

Head of Fixed Income and Currency


Rick Harper serves as the Head of Fixed Income and Currency for WisdomTree Asset Management, where he oversees fixed income and currency products developed through our collaborations with Mellon Capital Management and Western Asset Management. Rick has over 21 years investment experience in strategy and portfolio management positions at prominent investment firms. Prior to joining WisdomTree in 2007, Rick held senior level strategist roles with RBC Dain Rauscher, Bank One Capital Markets, ETF Advisors, and Nuveen Investments. At ETF Advisors, he was also the portfolio manager for some of the earliest fixed income exchange-traded funds.
His research has been featured in leading periodicals including the Journal of Portfolio Management and the Journal of Indexes. He is a graduate of Emory University and earned his MBA at Indiana University.

Tomo Kodama

‎Managing Director, Counterparty Portfolio Management


Tomo Kodama is currently a Managing Director in the Counterparty Portfolio Management Group at Bank of America Merrill Lynch, which deals with firm wide XVA. The Risk Optimization Desk, which Tomo manages, focuses on MVA and on XVA Optimization.
Tomo chaired the SIMM Risk Classification and Methodology Committee which developed the ISDA SIMM model, a standard initial margin model for the uncleared derivatives market. Currently, Tomo serves as chair for the ISDA SIMM Governance Forum and industry chair for ISDA's WGMR Oversight Committee.
Tomo's previous experience includes derivatives trading and structuring, global head of electronic trading and global head of financing risk at Bank of America Merrill Lynch

Tilak Lal

Chief Risk Officer


Tilak Lal is a managing director of K2 Advisors, L.L.C. and Chief Risk Officer for the firm. In addition, he is responsible for the Performance and Investment Risk function within Franklin Templeton Solutions.
Mr. Lal joined K2 Advisors, L.L.C. in 2009 as Director of Risk Management.
Mr. Lal began his career as a flight controls engineer at the Boeing Aircraft Company. In 1997, Mr. Lal joined PricewaterhouseCoopers in New York as a senior consultant focusing on the Reuters Risk Management system. He later joined Reuters and served as the Product Support and Client Services Manager. He joined Askari Risk Management Systems (a State Street business unit) in New York in 2000 as the Head of Client Services. He was appointed Global Head of Financial Engineering in 2002. In 2006, Mr. Lal joined Pequot Capital, a multi-strategy hedge fund based in Westport, Connecticut as a senior risk analyst. He became Pequot's Chief Risk Officer in 2008.
Mr. Lal has a B.S. in mechanical engineering from Rutgers University, an M.S in electrical engineering from Georgia Institute of Technology, and an M.B.A. in finance from Columbia Business School. Outside K2, Mr. Lal is a member of the Rutgers University Board of Trustees. Mr. Lal chairs the investment committee for the university's endowment. He also serves on the Industry Advisory boards of the Rutgers University School of Engineering and the Rutgers University Masters in Mathematical Finance (MSMF) program. In addition, Mr. Lal sits on the Board of Advisors of the University of Connecticut Masters in Financial Risk Management (MSFRM) program and also teaches in the program as an adjunct professor. Mr. Lal holds a Chartered Financial Analyst (CFA) designation and a Financial Risk Manager (FRM) designation.

Richard O’Connell

‎Global Markets Lead for Risk, Capital, and Regulatory Change


Richard O'Connell has worked at Credit Suisse since 2007. Currently, he is part of the Front-Office Risk Management organization (Chief Trading Risk Office) for Global Markets, and is the lead for Risk, Capital, & Regulatory Change. His mandate covers Basel IV, US IHC RWA methodology, CCAR calculations, and similar areas; issues include capital-efficient trading structures, methodology enhancements, and impact assessment & remediation. Prior to his current role, he was the lead within the Quant Strats group supporting Securitized Products.
Richard has worked in a variety of roles in finance since 1998, spanning programming, quantitative support, research, and trading; many of these roles have focused around Mortgage-Backed Securities and Securitized Products. Prior to Credit Suisse, he was previously employed at Citigroup and RBS.
Richard received his PhD in Mathematics from Georgia Tech in 1998.

Arthur Rabatin

Head of Market Risk Technology


Arthur was leading globally the Front Office Counterparty and Funding Risk Technology group at Deutsche Bank AG. His responsibility covers CVA/FVA calculation, real-time risk monitoring and OTC margining technology. Throughout his career, Arthur specialised in designing technology solutions for Front Office and Regulatory risk management, in Financial and Commodity trading.
Prior to Deutsche Bank he held technology leadership roles at Barclays Capital, EdF Trading and worked as an independent risk and treasury technology consultant.

Manan N. Rawal

Head of Scenarios & Modeling - CCAR & Stress Testing


Manan is currently a Senior Vice President at HSBC where he focuses on
stress testing and enterprise wide risk management. Previously, he was
Regional Manager of OTC Derivatives Pricing and Risk for HSBC's securities services division which involved evaluating client portfolios across multiple asset classes and strategies in the alternative investment space. Manan also worked at Deutsche Bank, Swiss Re and DKR Capital. At DKR, he ran a portfolio focusing on global volatility trading across convertible bonds and equity derivatives. His experience covers portfolio management for derivative products as well. He is also an adjunct faculty member at the New York Institute of Finance. Manan specializes in courses related to the trading and risk management of derivatives across asset classes, including equity, fixed income, foreign exchange and credit. His course offerings have also included stress testing, Asian capital markets, and structured products.
Manan has a B.S. Finance from the Wharton School at the University of
Pennsylvania, M.Sc. in Economics from the London School of Economics
and an executive MBA from the Trium program.

Jeff Samuel

Managing Director, Americas Head Group Regulatory and Governance


Jeff Samuel is a Managing Director at UBS and Americas head of Group Regulatory Relations and Strategic Initiatives. Prior to joining UBS in 2016, Jeff was a Managing Director at Barclays and has held several leadership positions within the organization. He currently serves as head of regulatory strategy, interim head of the US corporate secretariat for Barclays' US intermediate holding company, and is leading the development of Barclays' capital plan. Prior to joining Barclays, Jeff was at the Federal Reserve Bank of New York (FRBNY) from 2005 to 2010, where he led the FRBNY's Basel II implementation, served as Vice Chair for the internal capital adequacy policy group, and represented the FRBNY at the Basel Committee. Earlier in his career, Jeff also worked at the World Economic Forum and the Center for Strategic and International Studies. Jeff has an MBA from Columbia Business School in New York and a BA in Global Economics and Political Science from Duke University.

Sven Sandow

Managing Director, Head of Credit Capital and Ratings Analytics


Sven Sandow is the Global Head of Credit Risk Analytics at Morgan Stanley. During his 20-year career in the financial industry, Sven has worked in various quantitative modeling, risk management, and capital management capacities. Prior to Morgan Stanley, he worked at Merrill Lynch and Standard & Poor's. Before he joined the financial industry Sven worked as a physicist at the Virginia Polytechnic Institute and the Weizmann Institute of Science. He has been an active researcher in physics, finance, and machine learning. His research has been published in academic journals, and he coauthored a book on learning from data. Sven holds a Ph.D. in physics from the Martin-Luther-Universität Halle-Wittenberg in Germany.

Charles Schwartz

Head Of Derivatives


Charles Schwartz is Head of Derivatives at AXA US, a major financial protection company and issuer of variable annuities and other market-linked insurance products. In this role Charles oversees derivatives portfolio management across several asset classes and functions, as well as legal and back-office derivatives operations. Charles has over fifteen years capital markets experience, and a PhD from Northwestern University.

Dimi Stratakis

Head of Enterprise Technology Risk Management, Executive Vice President


Dimi Stratakis is the Head of Technology Risk Management for Enterprise Information Technology, one of the world's largest and most innovative information technology groups with more than 22,000 talented team members who help keep Wells Fargo at the forefront of America's diversified financial services companies.

As the Head of Technology Risk Management, Dimi leads a team responsible for first line of defense risk management - including identifying, assessing, measuring, mitigating, monitoring, controlling, and reporting current and emerging technology risk exposures inside EIT and across the company.

Dimi joined Wells Fargo in 2017 after spending 16 years at UBS, where he held a number of senior risk and audit leadership roles. His last role at UBS was Chief Risk Officer for the Group Chief Operating Officer and Global Head of Cyber Risk and Operational Resilience. Dimi was responsible for enterprise Technology Risk, Cyber and Information Security, business continuity management / crisis management, third-party vendor and outsourcing risk.

Prior to UBS, Dimi was an IT security auditor for Dresdner Kleinwort Benson, a British investment bank now operating as Commerzbank. He also has experience working as an Information Security Analyst for the Greek Ministry of Defense and Macedonia-Thrace Bank in Greece.

Dimi received a Bachelor of Engineering in Computing degree from the Imperial College, University of London. He also earned a Masters of Science in Information Security from the Royal Holloway, University of London.

cience degree in Banking from the University of Minnesota Carlson School of Management.


Roberto Virreira

Lead in Group IRRBB Policy


Roberto Virreira currently leads IRRBB policy at Standard Chartered Bank. Previously, he was in charge of Group HSBC IRRBB reporting and IRRBB stress test methodology. He was Head of ALM and BSM at Bank of America in Chile, and worked in consulting projects for several global and small banking organisations.
Roberto is an industrial engineer, holds a MSc. in Economics and an MBA from Warwick Business School.

Duncan Wood



Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Duncan had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.
In the intervening years, Duncan was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work appearing in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles.
Duncan has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has also won Incisive Media's journalist and editor of the year awards.