Agenda

Agenda

Pre-conference workshops on November 4, 2019:

7.30

Breakfast briefing

Making GRC everyone's business

The market is demanding more participation from all lines of defense, customers are demanding new use cases to be delivered faster and executives are looking for a single view of risk throughout the institution for all users. IBM is investing in GRC solutions to deliver on these needs which continue to define the ever evolving needs of GRC.   In this session, we’ll discuss new advancements in GRC that are making GRC accessible to everyone and delivering value across the business.

Speaker: Dave Marmer, vice president, offering management, IBM

*Invitation only*

08:00

REGISTRATION & CONTINENTAL BREAKFAST

08.50

WELCOME REMARKS: Kris Devasabai, editor-in-chief, Risk.net

09:00

OPENING KEYNOTE SESSION ON GEOPOLITICAL RISK

Financial volatility and geopolitical risk - Robert Engle, Michael Armellino professor of management and financial services, director, The Volatility Institute, NYU Stern and 2003 Nobel Prize Winner in Economics

Geopolitical risk management - Ben Golub, chief risk officer, Blackrock

10:00

PANEL DISCUSSION: Risks in 2020 and beyond

  • How do you identify and assess emerging risks?
  • How do you integrate non-financial threats like climate change, geopolitical turmoil and social unrest into your risk management framework?
  • How do you manage the risks associated with the use of big data, machine learning and AI in finance? 
  • What will cause the next downturn and how are you getting ready for it?

Moderator: Kris Devasabai, editor-in-chief, Risk.net
Prasanna Someshwar, chief risk officer, global wealth management, J.P. Morgan Private Bank
Daniel Moore, chief risk officer, Scotiabank
Joseph Iraci, managing director, financial risk management, chief risk officer, futures and forex, TD Ameritrade

10:40

FIRESIDE CHAT: Why is it so hard to say goodbye to Libor? Assessing problems ahead and solutions in progress

Jason Granet, head of firmwide LIBOR transition efforts, Goldman Sachs 
Ashish Dev, principal economist, supervision & regulation, Federal Reserve Board

Speakers to be announced

11:10

MORNING BREAK AND KNOWLEDGE CAFÉ

Grab a coffee and join a table of your choice in the exhibition area to share ideas and network with fellow industry professionals.

  • Update on Libor: what’s next in the transition? 
  • Enterprise risk analytics: tackling financial and non-financial risksLed by: Fabrice Fiol, managing director enterprise risk management Americas, deputy head, Societe Generale
  • Climate risk: understanding and managing risks associated with climate change

Stream 1: market risk

11:50

PANEL DISCUSSION: The Basel committee’s final FRTB guidelines: strategies for effective implementation and management

  • Solving FRTB backtesting and P&L attribution test puzzle
  • Choosing between internal and standardized approaches
  • Assessing a viability of business lines  that are the most vulnerable under a new regulation 

Charuhas Pandit, managing director  ,risk management, Morgan Stanley   
Eugene Stern, global market risk product manager, Bloomberg
Phil Ohana, executive director, UBS

More speakers to be announced

12:20

PRESENTATION: FRTB (TB & CVA) & stress-testing: using cloud to reduce regulatory risk and cost

  • Why has FRTB been so challenging for the industry to agree and execute?
  • How can programmable cloud offer both reduced risk and cost?
  • How can firms exploit commonality across regulations to further improve efficiency?

Paul Jones, global head, FRTB solutions, IHS Markit

Stream 2: credit risk

11:50

PANEL DISCUSSION: Deploying new tools in credit risk management

  • How can AI and machine learning be used to enhance credit risk management?
  • Overview of the latest solutions for rating assignment, workflow, early warning and industry analysis
  • How effective are these tools? How to successfully implement them in your credit group?

Moderator: Sid Dash, research director, Chartis Research
Jimmy Yang, managing director, credit & operational risk analytics, BMO Financial Group
Agus Sudjianto, head of corporate model risk, Wells Fargo
Sven Sandow, managing director, head of credit capital and ratings analytics, Morgan Stanley

12:30

PRESENTATION: The use of machine learning in credit decisions: how it changes risk-based lending?

  • Making credit decisions with ML
  • What regulators are doing to protect consumers from unfair lending practices?
  • Understanding new features of risk and creating best practices in data powered lending process

Abhijit Akerkar, head of applied sciences, business integration, Lloyds Banking Group P

Stream 3: Stress Testing & Capital Planning

11:50

PANEL DISCUSSION: Volatility and political risk: how do you integrate geopolitical uncertainty into stress testing and scenario analysis?

Moderator: Jay Newberry, lecturer, ERM program, Columbia University
Joseph Iraci, managing director, financial risk management, chief risk officer, futures and forex, TD Ameritrade
Paul Diouri, head of risk, Americas group risk, Schroders
Gauthier Serruys, senior director, stress testing and portfolio risk Initiatives, CIBC

12:30

PRESENTATION: Stress testing 2.0, beyond regulatory compliance

  • Strategic value of a sound scenario-based risk and finance analysis system
  • Increased efficiency, flexibility, and scalability
  • Achieving strategic advantage and maximizing return on investment

Wei Chen, director, global risk consulting, risk research and quantitative solutions, SAS Institute

Executive suite: organizational structure of risk function

*Invite only*

11:50

Extended session on reinventing risk management function in the fourth industrial revolution

How do you achieve right synergies in the risk management group and beyond?

  • How is your risk function organized? What is the best way to organize a group in the current ecosystem?
  • How is the fourth industrial revolution changing the risk function?
  • Do you have the right talent and skill-sets in your group? What would you like to see more/less of your team?
  • How can the risk management function collaborate with other teams such as quants, IT, trading, etc.?

Amy Wierenga, chief risk officer, Blue Mountain Capital
Judith Hilton, managing director, chief risk officer, DWS Americas
Alec Crawford, partner & chief investment risk officer, Lord Abbett
Marco Ossanna, chief risk officer, US FCM, HSBC

Join the roundtable and discuss how to:

  • Attract and retain the right talent
  • Collaborate more effectively with other teams
  • Adapt to the increasing automation

1:10

SIT DOWN LUNCH AND NETWORKING

Lunchtime interactive roundtables:

  • Data protection: are you up to speed with the US and global data protection requirements?
  • Working together: how can risk managers communicate effectively with their 1st line businesses? - Led by: Rodney Sunada-Wong, chief risk officer, U.S. institutional broker-dealer, U.S. and Mexican derivatives swaps dealers, market, credit, operational and liquidity risk, Morgan Stanley
  • CECL 2020: outstanding challenges before the deadline - Led by: José Canals-Cerdá, senior special advisor, supervision, regulation, and credit, Federal Reserve Bank of Philadelphia
  • Robust third-party risk management program: how can it be achieved?
  • Model validation: thriving in an era of change – Led by: Liming Brotcke, model validation executive, Ally
  • Using agile analytics in fraud detection and prevention Led by: Stan Yakoff, head of Americas supervision, Citadel Securities and adjunct professor, Fordham University School of Law
  • Understanding and managing reputational risk

Stream 1: market risk

2:10

PANEL DISCUSSION: Growth of central clearing: transformation of counterparty risk from multilateral to CCPs

  • Risk concentration
  • Central clearing risk management
  • Default management by CCPs
  • Recovery and resolution of a CCP
  • Conclusion – are we safer now?

Marco Ossanna, chief risk officer, US FCM, HSBC

Further speakers to be announced

2:50

SESSION TBC

 

Stream 2: credit risk

2:10

PANEL DISCUSSION: Getting ready for the 2020 CECL deadline

Moderator: José Canals-Cerdá, senior special advisor, supervision, regulation, and credit, Federal Reserve Bank of Philadelphia
Kuo-Chang Lu, head of strategic planning and business, RBC Capital Markets
Stevan Maglic, senior vice president, risk analytics, Regions Bank
Jeffery Weaver, executive vice president, qualitative risk assessment, KeyCorp

2:50

PRESENTATION: Artificial intelligence in commercial lending – gimmick or game changer

Terisa Roberts, global solution lead, risk modeling & decisioning, SAS

Stream 3: stress testing & capital planning

2:10

PANEL DISCUSSION: Building an efficient global stress testing process that adds value and drives profitability while protecting the downside

Arnisa Abazi, managing director, quantitative risk and stress testing, Citi
Kresimir Marusic, managing director, US head of financial planning and stress testing, Deutsche Bank
Fabrice Fiol, managing director enterprise risk management Americas, deputy head, Societe Generale

2:50

PRESENTATION: Expanding the uses of CCAR beyond capital planning and loss estimation

  • Integrating the output into risk appetite, limit setting, and strategic planning

Steven Boras, executive vice president, head of risk architecture, Citizens Bank

Executive suite: organizational structure of risk function

*Invite only*

2:10

PANEL DISCUSSION: Succession planning  & evolving skill set: building accomplished risk management teams for the next generation

  • How do you attract and nurture new talent?
  • What qualifications are becoming scarce?
  • What does academia need to do to equip graduates with desirable skill sets?
  • How do businesses benefit from diversity of thought?

Ken Abbott, professor, Baruch College
Pamela Feldstein, chief operating officer, risk management, GE Capital
Richard Berner, executive in residence, adjunct professor,  NYU Stern School of Business

2:50

PANEL DISCUSSION: Improving the interface between the first and second lines of defense: any ideas?

Stephanie Bontemps, executive vice president, chief risk officer, First Republic Bank  
Rodney Sunada-Wong, chief risk officer, U.S. institutional broker-dealer, U.S. and Mexican derivatives swaps dealers, market, credit, operational and liquidity risk, Morgan Stanley
Michelle Beck, chief risk officer, retail and institutional financial services, TIAA

3:30

AFTERNOON COFFEE BREAK AND NETWORKING

4:00

 

PLENARY ADDRESS by an IBM representative

Speaker to be confirmed

4:40


FOLLOW ON DISCUSSION - KEY TAKEAWAYS FROM THE EXECUTIVE SUITE

During the day, we ran a closed door session on the organizational structure of the risk function. Senior risk management executives who participated in the session will share their key takeaways from the conversations they had, including common issues organizations face and possible solutions to improve the culture and organizational structure in the risk group and beyond.

Stephanie Bontemps, executive vice president, chief risk officer, First Republic Bank  
Alec Crawford, partner & chief investment risk officer, Lord Abbett

More speakers to be announced

5:30

CHAIRMAN’S CLOSING REMARKS

5:40

DRINKS RECEPTION

7:30

Morning Briefing

Diversity & inclusion in risk

Join the conversation on diversity and inclusion in risk management! What can you, your organization and community as a whole do, to encourage diversity in the industry?

  • How businesses benefit from diversity of thought, and by having more inclusive culture across the organization
  • How to change the culture of an organization? What part do you think corporate culture has to play?
  • How to navigate power structures to achieve success?
  • Which are the top pitfalls? I.e. what not to do as an organization aiming to attract and nurture top talent.

Flora Sah, Chief Risk Officer, Data Technology and Enterprise Initiatives, BANK OF AMERICA
Azlina Wetmore, Head of Commercial Credit Policy & Innovation, CAPITAL ONE
Sandye Taylor, global head of diversity & inclusion, RBC Capital Markets

08:00

REGISTRATION & CONTINENTAL BREAKFAST

08.50

OPENING REMARKS: Kris Devasabai, editor-in-chief, Risk.net

09:00

Opening Keynote Address

Speaker to be announced

09:40

REGULATORY KEYNOTE ADDRESS: Risk and resilience

Joshua Rosenberg, executive vice president, chief risk officer, Federal Reserve Bank of New York  

PANEL DISCUSSION: Bare-metal restore: is your infrastructure resilient enough to survive critical events?

  • Understanding the critical risks financial organizations are facing today
  • What internal controls need to be in place to ensure you can respond quickly to critical events
  • How do you stay one step ahead of critical events?
  • Are financial markets resilient enough? With industry players increasingly interconnected, how to test the resiliency of the entire ecosystem?
  • What are regulators expectations from individual organization and entire sector? 

Moderator: Kris Devasabai, editor-in-chief, Risk.net
William Moran, managing director & global head of enterprise technology, Bank of America
Aengus Hallinan, group head of operational risk and business continuity management, Credit Suisse

More speakers to be announced

10:30

MORNING BREAK AND KNOWLEDGE CAFÉ

Grab a coffee and join a table of your choice in the exhibition area to share ideas and network with fellow industry professionals.

  • Banking going digital: examining the journey of the changing banking business model
  • Many faces of cyber risk: how is the landscape of cyber attacks evolving?
  • From Brexit to North Korea: macro risks to keep an eye on and how to manage them – Led by: Dan Alamariu, executive director, head of U.S. country risk, UBS
  • Crowding in factor strategies: is it overcrowded?

Stream 1: operational & control risks

11:10

PANEL DISCUSSION: What does a good third-party organizational design look like for the line one, two and three?

  • As technology advances, how is third-party risk changing and how it should be assessed?
  • How can you ensure you have an effective oversight of vendors across the lifecycle?
  • Is there and can there be a standardized approach to evaluating vendor risk?
  • What are regulators expecting moving forward?

Melissa Mellen, officer and department head, policy, analytics, and vendor strategy, Federal Reserve Bank of New York
John Ingold, head of third party risk, T. Rowe Price
Judith Hilton, managing director, chief risk officer, DWS Americas

More speakers to be announced

11:50

PANEL DISCUSSION: Using machine learning for AML and fraud detection         

  • What are regulators expecting from your crime detection and analytics capabilities?
  • Where can ML help – and where should it be avoided?
  • Model risk challenges for ML
  • How to address concerns about explainability

Moderator: Ben Cukier, partner, Centana Growth Partners
Gordon Liu, executive vice president, US head of global risk analytics, HSBC
Eric Hains, head of surveillance, TD Ameritrade
Liming Brotcke, model validation executive, Ally

12:30

PRESENTATION: Climate risk: why is it going up the priority list?

  • Factoring in climate change: Why is it important?
  • Who are your most vulnerable clients?
  • What opportunities climate change present to your business?
  • Changing shareholder expectations
  • How to measure and manage climate risk when it is hardly ever a clear-cut?

Speaker to be announced

Stream 2: fintech, data & machine learning

11:10

PANEL DISCUSSION: Risk management and compliance in fintechs: how does it differ from traditional financial institutions?

  • From disrupters to disrupted: growing interest and expectations form regulators
  • How can regulators regulate fintechs without stifling innovation?
  • If lines between fintechs and traditional financial firms are becoming blurred, what can fintechs learn from their risk management practices? 

Moderator: Mark Feeley, research director, Chartis Research
Yael Heller, director, global head of fintech risk for the ICG, Citi
Ben Cukier, partner, Centana Growth Partners
Ido Lustig, chief risk officer, BlueVine

11:50

PANEL DISCUSSION: The future of cloud in capital markets

  • To what extent are capital markets firms embracing cloud?
  • What in particular is driving the need for greater cloud usage?
  • What barriers remain to wider adoption?
  • What are the typical stumbling blocks in implementation?
  • What risk controls should firms put in place around cloud?

Speaker to be announced

12:30

PRESENTATION: Deploying analytics to understand the culture within the organization

  • Best e-communication practices
  • How to get a better sense of the sentiment?
  • Other tools that can help understand the culture in your organization

Speaker to be announced

Stream 3: risk management for asset managers

11:10

PANEL DISCUSSION: The changing face of market risk: how can slower fundamental developments have huge impact on your portfolio?

  • How are political and marco events changing your long term view to market volatility?
  • Wealth inequality, the rise of extreme views, trade wars, etc. – how to grasp a full impact of these trends?
  • How are you factoring in these trends into your portfolio?  

Dan Alamariu, executive director, head of U.S. country risk, UBS
Leon Xin, executive director, head of risk, portfolio construction and hedge fund, JP Morgan Asset Management
Racim Allouani, head of portfolio construction and risk management, KKR
Hilmar Schaumann, managing director, global markets & global banking risk management, Bank of America

11:50

PANEL DISCUSSION: What risks online platforms create to your relationship with a client and the business model overall? 

  • As more business goes online, how can you be sure you know your client?
  • Managing tail risks created by “thinner” relationships?
  • As technology evolves, the cost goes down but how about the fee?
  • How can wealth management business model reinvent itself to stay viable?

Adrian Peters, Chief Technology Risk Officer, BNY Mellon 
Marc Wiznia, head of strategy & business development, Voya Financial 

More speakers to be announced

12:30

PRESENTATION: Implications of the state and SEC’s regulation on best interest

  • The latest update on the regulation
  • How will impact your business?

Speaker to be announced

Stream 4: funding & liquidity 

11:10

PANEL DISCUSSION: Updates on NSFR – preparing for 2021

  • How are firms managing NSFR and meeting compliance requirements?
  • Impact on transfer pricing
  • What are firms reporting? How do you optimize across all of the metrics?
  • How do non-ring-fenced entities overcome NSFR challenges

Armel Romeo Kouassi, head of balance sheet and treasury portfolio modeling, Northern Trust  
Andrew Liang, head of north American funding, TD Securities

More speakers to be announced

11:50

PRESENTATION: Liquidity stress testing and scenario analysis

  • Regulatory perspective on liquidity stress testing
    • LCR vs internal
    • Local vs global rules
  • What are the supervisory expectations and factors to consider?
  • How do internal stress tests compliment a risk management framework alongside regulatory and quantitative limits?
    • Risk appetite
    • Governance & oversight.
    • Risk reporting and monitoring

Shahab Khan, Americas head of regulatory interpretations, Deutsche Bank

12:30

PANEL DISCUSSION: Finding the optimal funding mix

Moderator: Louie Woodall, editor, Quantum, Risk.net
Susanne Robinson, Director, Risk Management, CIT

Speakers to be announced

1:10

Sit down lunch and networking

Stream 1: operational & control risk

1:50

Operational risk live: war games scenarios

Workshop participants are introduced to different operational & cyber risk scenarios that is still unfolding and asked to consider the immediate steps they would advise their firm to take based on the information available at each stage.

Stream 2: fintech, data & machine learning

1:50

PANEL DISCUSSION: Black box vs transparent box: systems thinking and analytics for risk officers

  • Is it dangerous to show non-quants the inner-workings of the model?
  • How involved are your ‘customers’ in the development process?
  • How involved should you be in the design of the software and front-end?

Moderator: Terry Benzschawel, founder and principal, Benzschawel Scientific
Steven Boras, executive vice president, head of risk architecture, Citizens Bank
Pradeep Tiwari, global head of risk technology, RBC Capital Markets  
Stan Yakoff, head of Americas supervision, Citadel Securities and adjunct professor, Fordham University School of Law

2:30

PANEL DISCUSSION: What are the risks of using data powered techniques?

  • What data related risks are easy to miss
  • What data controls you need to have as the data becomes increasing unusual?
  • The value of data and how to manage it appropriately
  • Beware of the bias
  • Data protection regulations in the US and globally

Moderator: Sid Dash, research director, Chartis Research
Flora Sah, chief risk officer, data technology and enterprise initiatives, Bank of America 
Murad Nayal, global head, risk informatics, Goldman Sachs
Adrian Peters, chief technology risk officer, BNY Mellon

Stream 3: Risk management for asset managers

1:50

PANEL DISCUSSION: The impact of crowded trades on market liquidity

  • The current state of the market
  • Hidden risks of crowded trades
  • Impact on your portfolio and market liquidity

Jae Ho Kim, head of risk research, Point72 Asset Management
Amit Deshpande, head of fixed income quantitative investments & research, T. Rowe Price
Giuseppe Paleologo, head of enterprise risk, Millennium Management

Speakers to be announced

2:30

PANEL DISCUSSION: Using machine learning to improve risk management

  • How can machine learning tools enhance portfolio risk management?
  • What are the most valuable tools at the moment?
  • New techniques and solutions on the horizon

Moderator: Aymeric Kalife, associate professor, Paris Dauphine University
Andrew Chin, chief risk officer, head of quantitative research, AllianceBernstein
Shyam Sreenivasan, founder, chief executive officer, Quantel AI
Kristen Walters, Managing Director, Risk & Quantitative Analysis Group, Blackrock

3:10

AFTERNOON COFFEE BREAK AND NETWORKING

3:30

 

SPECIAL ADDRESS FROM THE FBI: Cyber threats, response and collaboration

Richard Jacobs, assistant special agent in charge, counterintelligence/cyber division, FBI

4:10

CLOSING DEBATE: Will fintechsprevail?

  • The changing face of the financial services ecosystem
  • Strategic risk associated with fintechs challenging the status quo
  • Embracing digital disruptors: can fintechs and traditional financial services providers coexist?
  • 5 years from now, what services are likely to be taken over by fintechs?
  • Evolve or die: can the current bank business model stay viable?

Simon  Letort, chief digital officer for the Americas, Societe Generale
Joerg Landsch, head of innovation labs Americas, Deutsche Bank
Amias Gerety, partner, QED investors

More speakers to be announced

5:10

CLOSING REMARKS AND KEY TAKEAWAYS

5:20

END OF THE CONFERENCE.