Program 2020

Program 2020

Program 2020

08:5009:00

Risk.net welcome address
Log in earlier to familiarize with the platform!

08:50 - 09:00

09:0009:40

Opening keynote address: Outlook on the financial system from the Federal Reserve Bank of New York

09:00 - 09:40

Kevin Stiroh

Executive vice president, head of the supervision group

Federal Reserve Bank of New York

Kevin J. Stiroh is Executive Vice President of the Federal Reserve Bank of New York and head of the Supervision Group, which is responsible for supervising financial institutions in the Second District of the Federal Reserve System. Mr. Stiroh is currently a member of the Bank’s Executive Committee, a member of the Federal Reserve’s Supervision Committee and Large Institution Supervision Coordinating Committee (LISCC), co-lead of the Basel Committee’s Task Force on Climate-Related Financial Risks, and chair of the Senior Supervisors Group.


Mr. Stiroh joined the Bank in March 1999 as an economist in the Research and Statistics Group and has held a range of positions in the Research and Statistics, Supervision, Markets, and Integrated Policy Analysis groups. Mr. Stiroh played a leadership role in the development and execution of supervisory stress testing progams including the Supervisory Capital Assessment Program (SCAP) and the Comprehensive Capital Analysis and Review (CCAR); led work related to financial institution analysis, market monitoring, financial stability, and the discount window; and participated in international working groups on macroprudential supervision, collateral usage, and the reform of reference interest rates. Mr. Stiroh became head of the Supervision Group in October 2015.


Mr. Stiroh's academic research includes work on productivity and the sources of economic growth, the economic impact of information technology, and the efficiency and behavior of financial institutions. This research has been published in the American Economic Review, Brookings Papers on Economic Activity, Journal of Banking and Finance, Journal of Economic Perspectives, Journal of Money, Credit and Banking, Review of Economics and Statistics and other academic and business publications.


Mr. Stiroh holds a bachelor’s degree from Swarthmore College in Economics and Psychology and an M.A. and Ph.D. from Harvard University in Economics.

09:4010:40

Spotlight on Covid-19: lessons learned

09:40 - 10:40

Special address: How risk appetite infrastructures kept us alive

Follow on discussion: Spotlight on Covid-19 - lessons learned

  • What have we learned and what will change going forward?
  • How have financial firms’ operations handled the outbreak?
  • How collateral management and clearing work?
  • How well did credit risk models predict? Do they need to be modified?
  • At the heights of the pandemic, what market reactions have surprised you?
Nicholas Silitch

Chief Risk Officer

PRUDENTIAL

Nick Silitch is senior vice president, chief risk officer of Prudential Financial, Inc. In this role, Silitch oversees Prudential’s risk management infrastructure and risk profile across all business lines and risk types. Under his direction, his team develops models, metrics, frameworks and governance to manage risk, and works with internal corporate partners and business groups to identify, assess and prioritize risk across the company. He is chairman of the organization’s Enterprise Risk Committee that evaluates current and emerging risks relevant to the company, and is a member of Prudential’s Senior Management Council.

Silitch also works with external stakeholder groups to forward industry interests. He is head of the International Affairs Committee for the North American Chief Risk Officers’ Council, and is a member of the Advisory Council for the International Association of Credit Portfolio Managers.

Silitch joined Prudential in 2010 as chief credit officer and head of investment risk management, overseeing Prudential’s general account and other proprietary investment risks globally, as well as maintaining and approving Delegations of Authority and Investment Policy Statements.

Prior to joining Prudential, Silitch held the position of chief risk officer of the Alternative Investment Services, Broker Dealer Services and Pershing businesses within Bank of New York Mellon. He also served on the Pershing Executive Committee.

Silitch joined Bank of New York Mellon in 1983 as a credit trainee. Throughout his career at the bank, he held senior positions in client management, investor relations, risk management, loan restructuring, credit portfolio management and Basel compliance.

He received a bachelor’s degree in economics from Colby College.

Alexander Crawford

CRO, Partner

Lord Abbett

Alec Crawford is responsible for identifying and managing risk in Lord Abbett's portfolios. In addition, he is a member of the Investment Leadership Team, as well as the Strategic Allocation and ESG committees.

Mr. Crawford joined Lord Abbett in 2012 and was named Partner in 2013. His previous experience includes serving as Managing Director and Global Head of Risk Management at Ziff Brothers Investments; Managing Director and Head of Agency MBS Strategy at RBS Greenwich Capital; Managing Director and Head of Mortgage and Cross-Rates Strategy at Deutsche Bank Securities; Vice President and Head of Mortgage Strategy at Morgan Stanley; Vice President, Research Liaison at Goldman Sachs; and Vice President, Research Liaison at CS First Boston. He has worked in the financial services industry since 1988.

Mr. Crawford has contributed to publications, including the Guide to Fixed Income Securities, Volume 7, by Frank Fabozzi. Mr. Crawford also has received awards from Institutional Investor for his research on mortgage-backed securities.

He earned an AB in computer science from Harvard College.

Daniel Finn

Managing director, head of North America risk solutions

Conning

Daniel Finn, FCAS, ASA, is a Managing Director at Conning, where he is the Head of North America for the Risk Solutions unit. In that role, he leads a team that is responsible for providing asset-liability and integrated risk management advisory services to life, health and property/casualty insurance company clients and pension clients. Mr. Finn also oversees the support and development of Conning’s proprietary financial software models. Prior to joining Conning in 2001, Mr. Finn was a Vice President within Swiss Re Investors' asset-liability management unit. He has been involved in the asset-liability management field since 1997. Mr. Finn is a graduate of the University of Rochester with an MA in Mathematics and earned an MBA from Loyola College.

11:0012:00

The final countdown: the end of Libor is in sight, are markets ready for it?

11:10 - 12:00

12:0013:00

Lunch break

12:00 - 13:00

13:0014:30

Stream

Libor Summit USA Forum

Panel discussion: Latest updates and remaining challenges with adapting to RFRs

13:00 - 13:40

Subadra Rajappa

Head US Rates Strategy

SOCIETE GENERALE

Subadra Rajappa joined Societe Generale in October 2014 as Head of US Rates Strategy. In her current role she is responsible for publishing thematic research on US rates markets and highlighting relevant trading opportunities. She is a frequent speaker at internal and industry conferences where she presents her broader market views to the firm’s clients. She currently represents SG at the alternative reference rate committee (ARRC) and is actively involved in discussions with industry groups around transitioning to the new reference rate.

Subadra has over 20 years of experience in the financial industry. Previous at Morgan Stanley, she was a senior rates strategist focused on macro themes in the rates markets. She was the lead strategist covering many topics and presenting in-depth research in fixed-income derivatives, inflation, money markets and the evolving regulatory environment.

Subadra has extensive experience in global fixed-income markets including positions in research, sales and strategy at Morgan Stanley and Citigroup. She has a strong quantitative background and started her career in finance at Salomon Brothers as a quantitative analyst where she focused on emerging market derivatives and credit derivatives before transitioning to rates.

Jumana Poonawala

Senior vice president

US Bank

Presentation: Building liquidity and trading activity across the curve

13:40 - 14:20

Stream

Stress testing

Presentation: Including disaster scenarios in your stress testing and risk assessment

13:00 - 13:40

Presentation: Liquidity stress testing

13:40 - 14:20

Stream

Credit risk

Panel discussion: Default readiness: managing your loan portfolio in the economic downturn

13:00 - 13:40

Stevan Maglic

SVP, head of quantitative risk analytics

Regions Bank

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.

Raj Gangavarapu

Head of data science

Diwo

Raj Gangavarapu is currently a Head of Data Science at diwo. He manages AI/ML initiatives for platform development as well as client implementations. He previously worked at Synchrony, DTCC, Santander, Citi, SunGard/FIS held leadership roles in Credit, Market risk, Pricing, Model development, Analytics transformations. He is a speaker at multiple academic and industry conferences on Data Science, Risk, AI, and Machine Learning. He got his master's degree in Economics and MBA (Finance). He currently sits in the TAG Data Governance Board.

Panel discussion: Covid -19 and the credit cycle: from boom to bust

13:40 - 14:20

14:3014:50

*Give yourself a break: learn about mindfulness and mental health*

14:30 - 14:50

Throughout the event, the guest instructor will lead brief sessions on how to preserve your mental health through mindfulness, meditation and breathing exercises!

14:5015:30

Panel discussion: Covid-19 - the ultimate stress-test: what have we learned and how we can prepare better for next tail risk events?

14:50 - 15:40

  • How did the stress test hold up during the pandemic?
  • How different covid-19 is from the stress tests that banks have done over the past 10 years?
  • Not out of the woods yet: adapting scenarios and preparing for next few months
  • How has the pandemic changed the way you think about tail risk event scenarios?
Joseph Silverberg

Head of capital management & stress testing

Deutsche Bank

Arnisa Abazi

MD, head of wholesale credit allowance and stress testing

Citi

15:4016:10

Closing keynote address: Vulnerabilities in the financial and economic systems

15:40 - 16:10

S.P Kotha

Chief economist, director of the division of economic and risk

U.S. Securities and Exchange Commission

S.P. Kothari was named the Chief Economist and Director of the Division of Economic and Risk Analysis (DERA) in March 2019. In this role, he oversees economists, data scientists, and other professionals who provide financial economics and data science in support of the SEC’s mission.

Dr. Kothari joined the SEC from the Sloan School of Management at the Massachusetts Institute of Technology (MIT), where he was a professor of accounting and finance and a former Deputy Dean.

Dr. Kothari spent nearly two decades at MIT, both as a professor and as an administrator. His research interests include financial reporting, valuation, asset allocation, international accounting practices, executive compensation, investment performance, and derivatives.

Dr. Kothari has served as the Co-Chair of the Board of Governors Asia School of Business, Kuala Lumpur, faculty director of the MIT-India Program, and editor of the academic publication Journal of Accounting & Economics. In 2008, he served as global head of equity research for Barclays Global Investors, where he was responsible for research supporting the firm’s active equity strategies and for managing a team of approximately 50 PhDs based around the world.

Dr. Kothari received his B.S. in Engineering from the Birla Institute of Technology & Science and his MBA from the Indian Institute of Management. Dr. Kothari earned his PhD from the University of Iowa.

Dr. Kothari has received honorary doctorates from University of Technology, Sydney (2013), University of Cyprus (2017), and London Business School (2019).

16:1016:20

Closing remarks. End of day one.
Stay on the platform for meetings you scheduled during the day!

16:10 - 16:20

08:5009:00

Risk.net welcome address
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08:50 - 09:00

09:0009:40

Keynote address: The ethical algorithm

09:00 - 09:40

Michael Kearns

Professor

University of Pennsylvania

09:4010:20

Panel discussion: Rewriting the playbook for the business continuity management (BCM) framework

09:40 - 10:20

  • How has your BCM program performed at the heights of the outbreak?
  • For many, prolonged social distancing measures were not a part of the BCM plan: how will it change now?
  • How your views on technology, infrastructure and teams have changed?
  • What improvements you are making to your BCM planning in the light of the current events?
  • How can regulators expectations might change for individual organizations and the entire sector?
Joseph Iraci

MD, financial risk management, CRO, futures and forex

TD Ameritrade

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

Rajat Baijal

Managing director, global head of enterprise risk

Cantor Fitzgerald

10:2011:00

*Give yourself a break: learn about mindfulness and mental health* 2
Throughout the event, the guest instructor will lead brief sessions on how to preserve your mental health through mindfulness, meditation, stretching and breathing exercises!

10:20 - 11:00

11:0012:00

Private roundtable with IBM
Reflecting on business continuity management in 2020

11:00 - 12:00

As business continuity management (BCM) and operational resiliency topics have risen across organizations, as a result of COVD-19, the long-term effects are still unknown. With an understanding that the maturity of BCM programs varies greatly from organization to organization and operational resiliency has been put to the test from COVID-19, IBM OpenPages is hosting this roundtable to discuss the lessons learned and challenges that remain for improving business continuity management in 2020 and beyond. Participants are encouraged to freely discuss and reflect on their experiences implementing BCM programs over the past year. Participants will also hear from IBM OpenPages experts on best practices for executing a BCM program and where to focus next as plans evolve.

The roundtable discussion has limited availability. If you're interested in attending, please pre-register by emailing [email protected]

Heather Gentile

Director of RegTech offerings

IBM Data and AI

As Director of RegTech Offerings within IBM’s Cloud and Cognitive division, Heather is responsible for product strategy of IBM’s GRC and financial crimes portfolio. During the past 18 years, she has specialized in developing solutions to optimize regulatory compliance initiatives and the need for automation, AI and cognitive in support of risk and compliance programs and financial crimes monitoring. Prior to joining IBM, Heather was responsible for overseeing the compliance analytics division of regulatory solutions at Wolters Kluwer.

Joshua Andrews

Offering manager

IBM OpenPages with Watson

Joshua Andrews is an Offering Manager for OpenPages with Watson where he focuses on the Business Continuity Management and Regulatory Compliance Management solutions. He is a licensed attorney with eight years of experience in the financial services industry. Since joining IBM, he has focused on automating regulatory change management and building out the business continuity management solution.

12:0013:00

Lunch break

12:00 - 13:00

13:0014:30

Stream

Digitalization, data and fintechs

Panel discussion: : Is model risk data risk?

01:00 - 13:40

Agus Sudjianto

Head of model risk

Wells Fargo

Agus Sudjianto is an executive vice president and head of Corporate Model Risk for Wells Fargo, where he leads a highly technical team to manage model risk across the enterprise. Prior to his current position, Agus was the modeling and analytics director and chief model risk officer at Lloyds Banking Group in the United Kingdom,where he was responsible for the enterprise development and oversight of all risk management models (retail and wholesale credits, market, regulatory capital, stress testing, asset liability management, and insurance).

Lakshmi Murthy

Head of US risk, compliance & regulatory analytics

Credit Suisse

Panel discussion: How did the fintech industry hold up in the crisis?

13:40 - 14:40

Yael Heller

Global counterparty risk specialist

Citi Fintech

Yael is the Global Counterparty Risk Specialist for Citi FinTech, within Citi’s Institutional Clients Group (ICG). Her team is charged with measuring and assessing the risk of new disruptive business models and potential Citi partners. The Risk unit ensures that Citi takes calculated credit risk to obligors in a rapidly adapting and evolving landscape.

Yael has held several key Risk roles during her tenure at Citi, most recently Senior Credit Officer (SCO) of North American Banks and Finance Companies for four years. As SCO, she was responsible for the day-to-day approvals and monitoring of this portfolio. Prior to that role, Yael served as SCO for North American Private Equity Funds and Advisors, Regulated Funds, Asset Managers, and Pensions for seven years. She provided value-added services and benefits to internal clients, as well as implementing and managing transformation initiatives to improve capital allocation and reporting.

Prior to her career at Citi, Yael was a Vice President for the Sales and Structuring of Loan TRS at RBS. For the seven years prior, she was a Credit Officer at JPMorgan for Structured Products. Yael began her career at E&Y as a Quantitative Risk Management consultant building various market risk models.

Ido Lustig

CRO

BlueVine

Ido Lustig is the Chief Risk Officer of BlueVine, a Silicon Valley-based fintech startup that provides working capital financing to small and medium-sized businesses. A veteran data scientist and risk manager, Ido helped develop BlueVine’s fully-online cloud-based platform for invoice factoring, revolutionizing the 4,000-year-old financing system that allows businesses to receive cash advances on outstanding invoices. Ido spearheaded the creation of BlueVine’s top-notch Risk organization which is spread between California and Israel, and has played a critical role in expanding the company’s ability to offer fast and flexible online financing to entrepreneurs. Before joining BlueVine, Ido led PayPal’s behavioral analytics department, heading the creation of the company’s risk models’ features. Ido received his bachelor of law degree from Tel Aviv University.

Stream

Non-financial & organizational risk

Panel discussion: Assessing cyber and fraud resilience during the pandemic: how to withhold an increased volume and frequency of security breaches?

13:00 - 13:40

Mandar Rege

Managing director, operational risk management, technology and cybersecurity

Citi

Mandar has over 20 years of engineering and risk management experience across Technology Operations, Governance and Audit, helping organizations meet business objectives through technology. Currently he is serving as a Managing Director at Citigroup in the Operational Risk group. Prior to Citi, Mandar was the Global CTRO at TD Bank Group, before which he served as the CTRO and CISO at the Bank of Montreal. In his prior career, Mandar has worked extensively with financial institutions globally through leadership roles at Cisco Systems, Inc., Accenture LLC, Alvarez & Marsal LLP,  KPMG LLP and Ernst & Young LLP.

Mandar is an active member of the professional community and has presented at industry forums like Risk.Net, RSA and IAPP Conferences. Additionally, he is active in various profesional organizations such as ISACA, IAPP and ISC2 and has served as the Chair of the Canadian Banking Association’s CIRT (CISO Forum). He holds the CISSP, CIPP, CISA, and PMP certifications.

 

Paul Milkman

Head of technology & operations risk management, CISO

CIT

Panel discussion: Vendor resiliency: What questions you need to ask you third parties during extreme events?

13:40 - 14:30

14:3015:10

Panel discussion: Challenges in model risk governance with the rapid growth in AI models

14:30 - 15:10

  • How do you deal with a large number of tools available for building AI models? How to prevent a cottage industry?
  • With it becoming easier to develop machine learning models, how are you keeping up with the governance of all these models? 
  • How are you dealing with resourcing and scaling of this greater volume of AI models? i.e. there is a new skillset required to validate AI models, also AI models are more complex, therefore take longer to validate
  • Do you feel regulators are doing enough with regard to model
Marc Cassagnol

IBM

Senior Associate Offering Manager

Speaker Bio: Marc Cassagnol is an Offering Manager for IBM’s RegTech portfolio responsible for the Model Risk Governance solution of IBM OpenPages with Watson. Additionally, he is responsible for IBM Assessment for Third Party Risk Management, as well as the IBM FIRST and IBM OpData risk case studies databases. For the past decade, he has helped IBM (and previously Algorithmics) with improving their offerings in the GRC space. He has an educational background in quantitative modelling, mathematics and physics.

15:1015:50

Panel discussion: How has forced digital adoption changed how you think about the future of financial firms

15:10 - 15:50

  • What have you learned about your teams while working from home?
  • What skills and experiences you wish you had in your team?
  • How companies might need to change their offerings due to the changed clients’ behavior?
  • Will escalated digital adoption change your company’s business strategy and organizational structure?
Paul Milkman

Head of technology & operations risk management, CISO

CIT

15:5016:00

Closing remarks. End of day two.
Stay on the platform for meetings you scheduled during the day!

15:50 - 16:00

08:5009:00

Risk.net welcome address
Log in earlier to familiarize with the platform!

08:50 - 09:00

09:0009:40

Opening keynote address

09:00 - 09:40

09:4010:40

Macro view: the outlook for markets - making sense of the world we live in and long-term impact on financial industry

09:40 - 10:40

  • How well do we understand post-covid markets and consumers?
  • Keeping up with changing forecasts
  • Ramifications of the Fed actions
  • Globalization agenda in the era of social distancing: how will it change?
  • How risks differ in different countries? Particularly, risks in China vs the US
  • How do you expect the market sentiment to change in a next few months?
Hilmar Schaumann

Partner, chief risk officer

Credit Financial Products

 

 

Seth Carpenter

Chief US economist

UBS

Tendayi Kapfidze

Chief economist

LendingTree

Tendayi Kapfidze is Vice President, Chief Economist at LendingTree. He leads the company’s analysis of the U.S. economy with a focus on housing and mortgage market trends. Tendayi utilizes data analysis to be a resource for both consumers and trade media, providing actionable insights to help consumers make informed financial decisions. He has been quoted in numerous publications including The New York Times, The Wall Street Journal, The Washington Post, USA Today, Yahoo Finance, The Chicago Tribune, The Miami Herald and Reuters and has appeared on CNBC and Cheddar television.

Tendayi has a successful track record as a research professional specializing in macroeconomic and financial analysis. In his most recent role, Tendayi served as Director of Global Economics at Pfizer in New York City. He crafted Pfizer’s view on global macroeconomic trends, advising the executive leadership team on economic and financial risks. Prior to his position at Pfizer, Tendayi served as Director of Economic and Capital Markets Research at Ally Financial and as Vice President and Senior Economic Analyst in the chief investment office at Bank of America.

Tendayi earned his B.S. in Engineering Management at Saint Louis University and his M.S. in Applied Economics from Johns Hopkins University.

10:4011:00

Coffee break

10:40 - 11:00

11:0012:00

Private briefing
More information coming soon!

11:00 - 12:00

The roundtable discussion has limited availability. If you're interested in attending, please pre-register by emailing [email protected]

12:0013:00

Lunch break

12:00 - 13:00

13:0014:30

Stream

Buy-side Risk USA Forum

Panel discussion: Rethinking multi-asset portfolio strategies to capture velocity of changes

13:00 - 13:40

Aymeric Kalife

Former head of savings

Axa Group Risk Management

Prof. Aymeric Kalife is the Head of Savings & Variable Annuities at AXA Group, and an Associate Professor in Finance at Paris Dauphine University. His career at AXA includes various roles as in Risk Management since 2007. Prior to AXA, Aymeric was a volatility analyst at Deutsche Bank, a hybrids derivatives structurer at Merrill Lynch, a quant analyst in commodities derivatives at EDF and in interest rates derivatives at ABN AMRO. 

His research interests are in hedging market liquidity risk for flow and structured products, variable annuities product design and hedging strategies, and the modeling of insurance products policyholders' behavior. He holds 6 masters degrees from Polytechnique, HEC & ESSEC Business Schools, ENSAE, Sorbonne and Science Po, and a Ph.D at Paris Dauphine Universities.

Andrew Chin

CRO and head of quantitative research

AllianceBernstein

Andrew Y. Chin is the Chief Risk Officer and Head of Quantitative Research for AB. As the Chief Risk Officer, Chin oversees all aspects of risk management to ensure that the risks being taken are well understood and appropriately managed.  In the Quantitative Research role, he is responsible for the firm’s data science strategy and for optimizing the quantitative research infrastructure, tools and resources across the firm’s investing platforms. He joined the firm in 1997 and held various quantitative research roles in New York and London.  In 2004, Chin became a senior portfolio manager for Style Blend Equities. In 2005, he was named director of Quantitative Research for Value Equities. Prior to joining the firm, Chin was a project manager and business analyst in Global Investment Management at Bankers Trust from 1994 to 1997.

Chin teaches in the School of Operations Research and Information Engineering (Master of Financial Engineering Program) at Cornell University.  He also leads teams of students on capstone projects utilizing quantitative and data science skills to address investment issues.

Chin earned a BA and an MBA from Cornell University.

Julie Sherratt

Managing Director, Risk Management

TD Asset Management

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.

Panel discussion: In the era of ESG investing, do you understand the analytics behind it?

13:40 - 14:20

Katie Day

Global COO of risk & quantitative analysis

Blackrock

Katie Day, Managing Director, is head of the Risk & Quantitative Analysis team for Fundamental Equity, Americas.  The RQA team provides independent risk oversight on behalf of BlackRock and its clients, as well as partnering portfolio managers in their portfolio construction process to ensure the risks managed by BlackRock are appropriately deliberate, diversified and scaled.  
 
Katie joined BlackRock in 2006 as a member of the RQA Equity team in London and moved to New York in July 2013 to take up her current role.  Prior to joining BlackRock, Katie worked in Market Risk and Regulatory Reporting in the Treasury function for Lloyds TSB in London. 
 
Katie has a BA Hons in Mathematics from Jesus College, Oxford

Todd Arthur Bridges

Global head of sustainable investing & ESG research

Arabesque

Over the last 15+ years I have led innovative and successful teams in sustainable finance, investment management, economics, and technology. My experience in industry, startups, academia, and think-tanks have allowed me to acquire a diverse set of leadership skills (led cross-functional teams, built strategic partnerships, advised executive leadership) and analytical capabilities (ESG research, scoring models, quantitative + qualitative research methods). My formal training and postdocs were completed at top-tier research universities in the United States and Western Europe. I have published research articles in leading academic journals and presented findings to central banks, sovereign wealth funds, state pension funds, corporate pension funds, endowments, foundations, and global conferences.

Pietro Toscano

Global head of multi-asset investment risk

Invesco

Pietro Toscano, PhD, is the Global Head of Multi-Asset Risk of Invesco's Investment Risk. In this capacity, he leads the firm’s investment risk management and fiduciary risk oversight across the Multi-Asset and Solutions business.

He previously worked at BlackRock, where he was Director for both the America’s Fixed Income Systematic business (including the flagship $7B+ global alpha hedge fund FIGA) and the America’s ETF & Index business ($500B+). At BlackRock, he also served as a member of the BlackRock Applied Research Award Committee (a firm-wide select group of 25 quants), and as the Global Head of Talent Management for the Risk Beta Strategies team (a group of 20 employees across San Francisco, London, and Hong Kong).

Dr. Toscano earned a PhD in Information Engineering from University of Pisa, Italy, as well as a Master's in Financial Engineering from University of California, Berkeley. He also published several papers on risk methodologies, derivatives pricing, and portfolio construction in various peer-reviewed financial journals. Dr. Toscano is a Financial Risk Manager, Certified by the Global Association of Risk Professionals.

Jason Mitchell

Co-head of responsible investment

Man Group

Jason Mitchell is Man Group’s Co-Head of Responsible Investment. He co-chairs Man Group’s Responsible Investment Committee and its Stewardship and Active Ownership Committee. Besides having managed environmental and sustainability strategies, he speaks and publishes widely on responsible investment. He also hosts the podcast Perspectives Towards a Sustainable Future.

Most recently, Jason was Sustainability Strategist at Man Group. He worked at Man GLG from 2004 to 2008 and from 2010 to present, taking two years off from 2008 to 2010 to advise the UK government on infrastructure development across Sub-Saharan Africa. Prior to this, he was an investment analyst with Pequot Capital and Andor Capital.

Jason serves as one of 15 appointed members on the EFRAG (European Financial Reporting Advisory Group) European Lab Steering Group and sits on the Advisory Board of Imperial College Business School’s Centre for Climate Finance and Investment. Having chaired the United Nations-supported Principles for Responsible Investment (PRI) Hedge Funds Advisory Committee from 2014 to 2018, he now serves on the PRI Academic Advisory Committee and a number of other working groups. He is also co-editor of PRI Perspectives academic journal.

Jason holds a master’s degree in international political economy from the London School of Economics and a bachelor’s degree in English literature and classics. He is a Fellow of the Royal Society of the Arts and the British-American Project. He was named one of Institutional Investor’s 2011 Hedge Fund Rising Stars.

His articles and comments on sustainable investing have appeared in Institutional Investor, Wall Street Journal, CNBC Squawk Box, Responsible Investor, Aftenposten, Global Times, AIMA Journal and Investment Europe. He has also written widely on the European refugee migrant crisis, with articles appearing in the London Review of Books, Christian Science Monitor, Huffington Post and 7x7.

He is a contributing author to Responsible Investing: A Guide to Environmental, Social, and Governance Investments (Routledge: 2018), Sustainable Investing: Revolutions in theory and practice (Routledge: 2017) and Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership (Wiley Finance: 2012)

Stream

Model & market risk

Presentation: Capturing market risk with machine learning

13:00 - 13:40

Lakshmi Murthy

Head of US risk, compliance & regulatory analytics

Credit Suisse

Hany Farag

Senior director and head of risk methodology and analytics

CIBC

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.

Panel discussion: Too fast too furious: managing model risk in rapidly changing markets

13:40 - 14:20

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Jing Zou

Managing director, model risk management

Royal Bank of Canada

As Managing Director in Enterprise Model Risk Management (EMRM), Jing Zou is responsible for validating models in Securitized Products, Pre-Provision Net Revenue, Retail Credit models, and interest rate derivatives models. She also developed Comprehensive Capital Analysis and Review (CCAR) model fragility analysis, which identifies the impact of model uncertainty on capital ratios. She is an invited speaker for many industry model risk management training courses.

Jing joined RBC in 2014 as a Director in local model risk manager, where she was responsible of engaging the business about model risks. Later on, she was promoted to Senior Director and then Managing Director and has expanded the scope to cover the validation of 40% of CCAR models. Prior to joining RBC, Jing worked at Goldman Sachs, Wells Fargo, and Fannie Mae in various quantitative analytics roles covering front office quant, market risk, and model risk areas.

Jing has a Ph.D. in Applied and Computational Mathematics from Princeton University and a B.S. and M.S. in Computational Mathematics in Xi’an Jiaotong University.

Andreza Barbosa

Head of governance, model risk management

Goldman Sachs

Panel discussion: Review of resiliency of counterparties and CCPs during the crisis

14:40 - 15:20

Marco Ossanna

CRO, US FCM

HSBC

Marco Ossanna is Senior Vice President and Chief Risk Officer for the Futures Commission Merchant at HSBC Securities USA Inc.  Mr.Ossanna has worked as subject matter expert of Central Clearing Counterparties (CCPs) at HSBC since June 2014 advising the FCM on establishing risk appetite and managing exposure towards Clearing Houses.

From 2011 to 2013, Mr. Ossanna, was Executive Director at Chicago Mercantile Exchange, in charge of Clearing Membership, Risk Management and Default Management for Over-the-Counter Derivatives.

From 2000 to 2010, Mr. Ossanna was Executive Vice President and Global Risk Officer of Structured Equity Derivatives at Intesa Sanpaolo, supervising teams in New York and London. In 1990's he worked in the Research Department of Banca Commerciale Italiana in Milan, Italy, publishing market wide bank sector analysis and bank's strategic papers supporting the CEO.

Mr. Ossanna received a Laurea in Economics from the Universita' degli Studi di Pavia in 1991 and he is a Certified European Financial Analyst. He is also an active member of industry groups and periodically represent HSBC at meetings with Regulators on matters concerning derivatives and clearing.

Eileen Kiely

Managing director

BlackRock

Rajalakshmi Ramanth

Executive director, CIB clearinghouse risk and strategy

JP Morgan

Rajalakshmi Ramanath manages Clearinghouse Risk & Strategy for CCPs globally within J.P. Morgan’s Risk Management Function. The team’s primary responsibilities are to evaluate the firm’s membership risk related to centrally cleared trading activities, liaise with internal and external constituents to determine and guide JPM’s thinking on central counterparty risk concerns and related regulatory matters. Ms. Ramanath is a subject matter expert on central-counterparty (CCP) best practices, structures and related risk concerns, representing JPM in various external industry/trade forums, demonstrating thought leadership in CCP risk frameworks, and recovery and resolution. She has been the JPM spokesperson at various international regulatory (CPMI-IOSCO/CFTC/ BoE) meetings, conferences and workshops.

From 2007 through 2010, Ms. Ramanath was the credit officer at JPM’s Investment Bank covering corporate and financial institutions in India and South Asia. Prior to joining JPM in 2007, Ms. Ramanath worked as a credit officer covering corporate firms at ICICI Bank in India. Ms. Ramanath holds a Master’s in Business Administration from the Indian Institute of Management Bangalore.

15:2016:00

Panel discussion: The new shape of liquidity in the markets

15:20 - 16:00

  • The current state of the market
  • Risks of crowded trades
  • What have we learned about risk in ETFs, in particular liquidity risk?
  • The state of liquidity in fixed income
  • Early indicators of how you can reposition into crisis and adapt to liquidity circumstances
  • Are we headed to the liquidity crises?
Vlad Khandros

Global head of market structure and liquidity strategy

UBS

Vlad Khandros is a Managing Director and Global Head of Market Structure and Liquidity Strategy at UBS, based in New York.

Vlad is actively engaged in the Americas Cash strategy and investments in financial technology focused on equity trading.  Vlad’s oversight include the Smart Order Router (SOR), Americas Cash Architecture, and the ATS team, which is currently the largest ATS as per FINRA.  Vlad also created and leads the global cross-asset Market Structure team.

Vlad works closely with exchanges, regulators, and policy makers around the world to help further improve capital markets.  He represents UBS on numerous advisory committees, industry groups, and company boards including the CBOE Equity Advisory Committee, IEX Quality of Markets Committee, and SIFMA Equity Markets & Trading Committee.  He is a founder and advisor to MEMX (Members Exchange), which focuses on improving transparency and reducing the costs of US equity trading.  He is on the board of the UBS Americas Inc. Political Action Committee (PAC), a bi-partisan fund for further improving the US government.  He was previously a board member of BIDS Trading LP and Chi-X Global LLC, which resulted in a successful exit.

Prior to joining UBS in 2011, Vlad was Global Co-Head of Corporate Strategy at Liquidnet, working directly for the founder and CEO. There he was responsible for business development including M&A and strategic partnerships, global market structure, and government relations.

He serves on the board of Stay Pawsitive, Inc., an animal welfare charity, and Agahozo-Shalom Youth Village (ASYV), a youth village empowering orphans in Rwanda.  He received the POTUS Volunteer Service Award from the President’s Council on Service and Civic Participation for his work with the American Red Cross.

Vlad was the featured Rising Star of Finance in 2011 in Forbes Magazine’s 30 under 30 list, a Rising Star of Finance in 2017 in Business Insider’s 35 under 35 list, and is part of the Institute of International Finance’s Future Leaders Class of 2019.

16:0016:20

*Give yourself a break: learn about mindfulness and mental health*
Throughout the event, the guest instructor will lead brief sessions on how to preserve your mental health through mindfulness, meditation, stretching and breathing exercises!

16:00 - 16:20

16:2016:30

Closing remarks. End of day three
Stay on the platform for meetings you scheduled during the day!

16:20 - 16:30

08:5009:00

Risk.net welcome address
Log in earlier to familiarize with the platform!

08:50 - 09:00

09:0009:40

Keynote address: The global pandemic and other existential risks

09:00 - 09:40

09:4010:20

Spotlight on climate risk: the race to discovering effective processes and models to account for the growing risk of climate change

09:40 - 10:20

  • How are financial firms addressing risks related to climate change?
  • How does climate risk impact your firm’s strategy and relationships with your clients?
  • How insurers are managing climate risk? What are they doing to protect themselves?
  • What steps your organization is taking to reduce carbon footprint of the industry
  • How has Covid- 19 altered climate risk management?
Judith Hilton

MD, CRO

DWS Americas

10:4011:30

Rethinking diversity, inclusion and culture in the light of historical movements for equality: why are these elements so important in building a foundation for a strong risk management team?

10:40 - 11:30

Stephanie Bontemps

CRO, executive vice president

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).    

Judith Hilton

MD, CRO

DWS Americas

Tatiana Segal

CRO

Morgan Stanley Investment Management

Tatiana Segal is a Managing Director and a Chief Risk Officer at Morgan Stanley Investment Management, where she covers both public and private businesses and is a member of the Investment Committee. Prior to joining MSIM in August of 2019, Tatiana was a partner and a Head of Risk Management at SkyBridge, a global alternative investment firm, where she was also a member of the Manager Selection, Portfolio Allocation and Real Estate Investment committees. Prior to joining SkyBridge, she was a Managing Director and Chief Risk Officer at Cerberus Capital Management, LLC. Before joining Cerberus, she held a Chief Risk Officer position with Diamond Lake Investment Group and previously worked at Citigroup Alternative Investments, where she was responsible for an independent risk oversight of a multi-billion hedge fund and fund of funds portfolio. Mrs. Segal is a Co-Chair of Risk PAG NY for 100 Women in Finance, as well as a contributing member of DCRO council. She serves as a board member of the Tenement Museum and NY Landmark Conservancy. Mrs. Segal holds a Bachelor Degree in Economics from Columbia University

11:3012:10

Panel discussion: How to build vigorous risk management teams, equipped to face the downturn and future crises

11:30 - 12:10

  • Do you have the experience and skills to manage a downturn event in your organization?
  • How do you prepare your team for the tail risk events?
  • How can AI, cloud and other technology help in this crisis?
  • What tools have increased in importance during the pandemic?
Jay Newberry

Lecturer, ERM program

Columbia University

Lecturer, ERM Program, Columbia University
Managing Director, Head of ORM Framework, Citi (retired)
Principal, Greenwich Risk Management Consulting

Jay Newberry has over thirty years of experience in risk management.  He is currently a Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay recently retired from Citigroup where he was responsible for the global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

His responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, Jay established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of key global operational risk management governance committees.

Jay led U.S. regulatory relations for operational risk and partnered across Citi on global regulatory matters.

In his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types.

Jay’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

Currently Jay is Principal, Greenwich Risk Management Consulting, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry.

Jay earned his BA degree in Economics from Middlebury College and his MBA from the Tuck School at Dartmouth.

 

Oliver Jakob

International Chief Risk Officer

Mitsubishi UFJ

Oliver joined MUFG from UBS' Investment Bank, where he was the Global Head of Market Risk. Prior to UBS, Oliver held various risk management positions in New York and Toronto over the last 17 years. He started his career in Bankers Trust's Market Risk Department.

Oliver graduated from Karlsruhe University (Germany) with a diploma in Industrial Engineering. Oliver holds a CFA designation.

 

Fabrice Fiol

Managing Director, Market Risk

Societe Generale

Fabrice Fiol is a Managing Director leading the Market Risk Cross Asset team in the US. In this capacity, he is in charge of market risk oversight related to the Americas regional limit framework, Stress Testing and various regulatory market risk initiatives. His prior role was heading the Rates/Equity/Commodity market risk team for SG in the Americas, including NY, Canada and Brazil trading platforms. This included risk oversight of the primary dealer desk, Agency MBS desk, Swap/Swaption activities as well as structured portfolios and Equity Derivatives activities.

Fabrice Fiol joined Societe Generale NY in 2009. Prior to SG, Mr. Fiol was a Senior Vice President at NATIXIS- NY in charge of Trading Risk Management on a U.S Agency portfolio.
Prior to Natixis, Mr. Fiol was a Vice President at the reinsurance company SWISSRE-NY where he was initially in charge of front-office quantitative pricing and subsequently joined the U.S Rates Derivative Desk trading. He was in charge of swaptions/cap market-making, while executing the firm hedging strategy in US Treasury, US Swaps as well as Bond/I.R future options. 

Michelle Beck

CRO

TIAA Financial Solutions

Michelle McCarthy Beck is CRO for the TIAA Financial Solutions division of TIAA, which provides retirement, wealth management and banking services to the institutions and individuals that TIAA serves. Her previous role at TIAA was as CRO of its asset management subsidiary, Nuveen. 

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. 

Michelle holds a bachelor’s degree from the University of Washington and a master’s degree in Government from Harvard University.  She serves on the board of trustees of the Global Association of Risk Professionals (GARP), and is a member of GARP’s Buy Side Risk Managers Forum.

Michelle’s publications include “Measuring and Managing Market Risk,” co-authored with Don Chance, Ph.D., published by the CFA Institute in 2016, and “Utilizing Downside Risk Measures,” CFA Institute Conference Proceedings, Third Quarter 2014.

12:1012:20

Closing remarks. End of the conference.

12:10 - 12:20

10:2010:40

*Give yourself a break: learn about mindfulness and mental health*
Throughout the event, the guest instructor will lead brief sessions on how to preserve your mental health through mindfulness, meditation, stretching and breathing exercises!

10:20 - 10:40