Risk USA 2019
Risk.net's award-winning conference, 25th annual Risk USA, is the eminent risk management event for North America's top tier banks, buy-side participants and industry regulators.
Risk management and risk transfer markets face a period of radical change.
The disintermediation of old business models, growing adoption of new technologies and introduction of new ways of working are just some of the things keeping risk managers up at night.
Risk USA will comprehensively explore the critical market issues and trends that are at the heart of Risk.net, including:
|Handle LIBOR transition - the biggest structural change in the industry since the financial crisis||Manage new emerging risks that have not been seen before, such as climate change, automation and geopolitical frictions|
|Get to grips with new technology such as AI, ML and Big Data and its impact on your business and the entire ecosystem||Organizational structure of risk function review: how to achieve synergies in your team|
|Assess your operational resilience in the era of growing cyber threats||Navigate the changing regulatory landscape in credit, funding, data privacy, trading and a lot more|
attended in 2018
World class line-up featuring regulators and industry experts
Leading international and local financial institutions from across North America and surrounding regions
C-Suite and Managing Directors
The most influential decision-makers from buy-side firms and banks
New and not to be missed in 2019
Handle LIBOR transition
What could go wrong in Libor reform? Join the dedicated day of in-depth demystification around the pitfalls ahead and opportunities emerging in the transition.
Risk USA war games
Strategize with your peers and drill-down into scenarios identified by the Risk.net editorial team in order to map out the critical next steps for your team to take in 2020 and beyond.
Diversity & inclusion in risk
Join diversity and inclusion leaders and change-makers to dissect how the support of talent from all backgrounds can translate into a competitive advantage and new business opportunities – and how to encourage it in your teams.
The executive suite
A c-suite, end-user only boardroom-style afternoon of discussion, debate and decision-making. Select delegates will be able to join this special session on reinventing the risk management function in the fourth industrial revolution, helping to find the right way to structure risk management teams.
BARUCH COLLEGE, CUNY
Ken Abbott is currently on the faculty at Baruch College where he teaches both undergraduate and graduate students. He also is an adjunct faculty member at Claremont Graduate University and NYU. Until May 2018, he served as Chief Risk Officer for the Americas at Barclays a position he held since 2015. Prior to that, he spent nine years at Morgan Stanley, where he served as Chief Operating Officer for all Firm Risk. He also covered Commodities, Rates, FX, Retail and Emerging Markets businesses at Morgan Stanley, and was CRO for Its buy-side activity. Mr. Abbott spent 14 years at Bankers Trust in a number of trading, research and risk management roles. He also spent over 5 years at Bank of America in several senior Market Risk Management roles. Mr. Abbott currently sits on the Boards of the New Jersey Scholars Program, the Harvard Club of New Jersey, and CGU’s Financial Engineering Program, where he has recently been appointed as a Senior Fellow. Mr. Abbott has a Bachelor of Arts in Economics from Harvard University; a Master of Arts in Economics and Master of Science in Statistics and Operations Research from New York University. Mr. Abbott is an avid musician, playing clarinet, saxophone, oboe, English horn, and tuba.
Chief Risk Officer, Retail and Institutional Financial Services
Michelle McCarthy Beck is CRO for Nuveen, the asset management division of TIAA. She heads the team responsible for Investment Risk, Operational Risk, Valuations, and Business Continuity. Before joining Nuveen in 2010 she had prior roles including CRO at Russell Investments, and Chief Market and Operational Risk Officer at Washington Mutual Bank.
From 1986-2003 she worked at Bankers Trust and then Deutsche Bank in roles including derivatives portfolio manager, head of market risk management for Europe/Middle East/Africa in London, and head of risk management for the bank's asset management division.
Executive Vice President, Chief Risk Officer
FIRST REPUBLIC BANK
As Chief Risk Officer, Ms. Bontemps is responsible for maintaining a robust enterprise risk management program that supports the strategic goals of the Bank and builds upon its longstanding conservative risk culture and client service focused business model. At First Republic, she previously served as an Executive Loan Committee Member and Director of Credit Administration.
Prior to joining First Republic, Ms. Bontemps worked for Citibank in corporate and investment banking in New York and San Francisco where she held leadership positions in both relationship management and credit risk management.
Ms. Bontemps graduated from the Anderson School at UCLA (MBA) and UCLA (BA, Economics).
EVP, Head of Risk Architecture
Chief Risk Officer and Head of Quantitative Research
Kris Devasabai is the New York-based editor-in chief of Risk.net. Previously, he was bureau chief and US editor of Risk magazine. He manages the editorial team. Prior to joining Risk, Kris 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.
Chief Risk Officer
As Chief Risk Officer for Scotiabank, Daniel Moore is responsible for global management of risk, including enterprise, credit and market risk. Prior to his appointment in April 2017, he was Executive Vice President and Chief Market Risk Officer.
Daniel is a member of the Bank’s operating committee, as well as the senior risk policy, asset liability, market risk, and credit committees.
Daniel joined Scotiabank in 1997 and has held progressively senior roles in Toronto, Europe and Asia. Prior to becoming Chief Market Risk Officer in 2016, Daniel ran the Global Banking and Markets business in Asia- Pacific. He brings a strong focus in developing risk management strategies that align with the Bank's risk tolerance, business objectives and customer focus.
Daniel holds a D. Phil. in Theoretical Physics from Oxford University and a B.Sc. from Queen’s University.
He and his wife Deborah have three daughters.
Managing Director, Head of Risk Architecture
Chief Technology Risk Officer
Chief Risk Officer, Data Technology and Enterprise Initiatives
BANK OF AMERICA
Flora Sah is the Chief Risk Officer for Global Risk Management at Bank of America. She is the lead risk partner and central delivery conduit, responsible for driving ownership, execution, and oversight between the technology teams and the horizontal risk functions to provide a holistic view of all risks and create robust future state strategy and implementation roadmap.
Before joining Bank of America, Flora was the executive advisory council at Gerson Lehrman Group, responsible for business advisory and technology consulting. Prior to that, Flora held multiple leadership roles at State Street Corporation, including COO of Enterprise Risk Management, Head of Risk & Regulatory Technology, and CTO & Head of Vendor Risk Management. Before joining State Street Corporation, Flora spent several years at Cambridge Technology Partners where she led consulting practices in financial services, retail, and healthcare industry.
Flora holds a M.S. in Engineering Management from Northeastern University and a B.S. in Industrial Engineering and Information Systems from the University of Massachusetts at Amherst.
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.
Head of Macro Risk Management
BANK OF AMERICA
Hilmar Schaumann, Head of Macro Risk Management, BANK OF AMERICA
Hilmar Schaumann is responsible for Bank of America's macro risk management (Global Rates, G10 FX, Global Financing & Futures, and Commodities). Previously, Hilmar was the Head of US Risk Management at Brevan Howard and the Chairman of the Executive Committee of Brevan Howard's US entity. Prior to that, Hilmar was the Chief Risk Officer of Fortress Investment Group, a NYSE-listed alternative asset management firm active in structured credit, private equity, and global macro. Previously, Hilmar had been a portfolio manager trading global rates and corporate credits. He started his career at Deutsche Bank trading fixed income arbitrage.
Hilmar studied mathematics at the University of Hannover and graduated from Harvard Business School by completing the Program for Management Development.
Chief Risk Officer, Global Wealth Management
J.P. MORGAN PRIVATE BANK
Prasanna Someshwar is Chief Risk Officer for Wealth Management and a member of the Wealth Management Operating Committee. As CRO, Mr. Someshwar oversees the credit, reputation, fiduciary, market & investments, and operational risk practices of the Wealth Management business, composed of J.P. Morgan Private Bank and J.P. Morgan Securities.
Before becoming Chief Risk Officer in 2017, Mr. Someshwar was Head of Global Credit Risk &
U.S. Regional Risk for Wealth Management, where he played a key role in building the Private Bank’s credit book, and led the overhaul of the business’s risk policies and procedures, applying a more quantitative and consistent approach.
Mr. Someshwar joined Wealth Management in 2014 from the Corporate & Investment Bank, where he was the Regional Credit Executive for Greater China, South Asia, Asia-Pacific Commodities and had management oversight of the Credit Analysis unit. He began his career with the firm 18 years ago, covering South and Southeast Asian Financial Institutions for Chase Manhattan Bank in Mumbai. Mr. Someshwar led numerous key risk initiatives during his time in Asia, including the launch of J.P. Morgan’s Global Corporate Banking initiative, risk acceptance criteria in China, appropriateness for derivative transactions, the Global Commodities Group Credit restructure and Country Chief Risk Officer.
Mr. Someshwar earned his bachelor’s degree in Technology from the Indian Institute of Technology and an MBA from the Indian Institute of Management. He lives in New York City with his wife and daughter.
Chief Risk Officer, U.S. Broker-Dealer and U.S. & Mexican Swaps Dealers
Rodney Sunada-Wong, Chief Risk Officer, U.S. Broker-Dealer and U.S. & Mexican Swaps Dealers, MORGAN STANLEY
Mr. Sunada-Wong is the Chief Risk Officer for Morgan Stanley's U.S. Institutional Broker-Dealer and its U.S. and Mexican Derivatives Swaps Dealers, overseeing Market, Credit, Operational and Liquidity risk for these legal entities. He strategizes with Business Lines and with Treasury on allocating risk-taking to optimize Regulatory Capital, Initial Margin, liquidity requirements across legal entities. Key projects are enhancing governance and risk infrastructure to meet evolving regulatory challenges related to Recovery Resolution Planning ("RRP"), and the Initial and Variation Margin and Capital requirements promulgated by the FRB/FDIC, CFTC and the SEC.
Mr. Sunada-Wong teaches grad-level courses in Corporate Finance at Columbia University's IEOR school, and in Modeling Securitized Products at NYU's Courant Institute.
Previously, he oversaw market risk for Morgan Stanley's deposit-taking banks, and the Wealth Management and Global Treasury divisions, and before that, for Merrill Lynch's deposit-taking banks. Mr. Sunada-Wong began his risk management career at Commodities Corporation (Goldman Sachs Hedge Fund Strategies) and at Bankers Trust. He received his MBA in Finance from Cornell University's Johnson Graduate School of Management, and his AB from Harvard College.
Global Editorial Director
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.