Program 2021

Program 2021

2021 Agenda

08:5009:00 Welcome Address
Opening remarks

08:50 - 09:00


Fattening Tails: has the pandemic changed the way we conduct risk modeling?

09:00 - 09:30

Nicholas Silitch

Chief risk officer


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.


Enterprise Risk Management: visualizing all facets of risk and testing accordingly

09:45 - 10:30

  • Risk strategy – setting an organizations risk appetite
  • Monitoring strategy – developing a system for maintaining key risk levels
Jay Newberry

Risk management executive and consultant; managing director, operational risk management

Citigroup (Retired)

Jay Newberry has over thirty years of experience in risk management. 

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

Recently, Jay also served as an adjunct Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay 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.

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


Pooja Rahman


Protective Life

In June 2021, Pooja Rahman was named Chief Risk Officer at Protective Life Corporation. She is responsible for leading the Company’s Enterprise Risk Management (ERM) program and overseeing implementation of the Company’s strategic risk appetite.

Prior to joining Protective, Ms. Rahman served as Head of Financial Risk at New York Life. Prior to New York Life, she worked in international policy and analysis at the National Association of Insurance Commissioners. Ms. Rahman’s previous experience also includes Director & Senior Corporate Counsel at Aviva, In-house Counsel at Iowa Insurance Division and Lead Technical Analyst at Principal Financial Group.

Ms. Rahman earned her JD from Drake University Law School, her MBA from the University of New Orleans, and her Bachelor of Commerce from the University of Mumbai.

Fabrice Fiol

Managing director enterprise risk management Americas, deputy head

Societe Generale

Fabrice Fiol is a Managing Director and Deputy Head of the Enterprise Risk Management Americas division. In this capacity, he co-manages a team responsible for risk appetite statement and reporting, risk identification, enterprise wide stress testing and governance including regulatory oversight for the Americas.

He was previously in charge of the market risk cross-asset team overseeing regional limit framework, Market Risk Stress Testing and various regulatory market risk initiatives. His prior role was heading the Equity/Fixed Income/Commodity market risk teams for SG in the Americas, including NY, Canada and Brazil trading platforms.

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 MBS 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 graduated from ENSAE (National School of Statistics and Economics) in 1998 and holds a Degree (DEA) from Paris VII University. 

Fabrice Fiol has participated as a speaker and panelist at various risk conferences (Bloomberg,Risk.Net,Cefpro) and has co-authored an article in the RMA Journal in 2017 “Risk Appetite: How Banks are responding to risk in a new regulatory environment”

Professional Affiliations

  • Member, RMA Risk Management Association (2012– Present)

Brenda Boultwood

Director, office of risk management

International Monetary Fund

Jay Cook

Chief risk officer, North America

Lloyds Banking Group


Sovereign debt: as levels of issued debt continue to grow, at what point are markets impacted?

10:45 - 11:15

  • United States fiscal outlook, politics, and implications in the age of Covid-19
  • How sustainable is developed markets’ debt as Covid-19 continues/ becomes endemic? Challenges from business disruptions and shortages, inflation, politics, consumer demand
  • EM sovereign debt in the time of Covid-19, with a focus on Latin America: inflation, currencies, populism, and spending
Dan Alamariu

Head of Americas, political and country risk


Dan Alamariu is an Executive Director with UBS' Political and Country Risk. He is Head of Americas, and focuses particularly analysis of key political, economic, and sovereign risks in the region. Prior to UBS, Dan has worked at Eurasia Group, where he was Head of Product Development, helping develop quantitative and qualitative risk analysis products. He has also worked for Bank of Tokyo-Mitsubishi, Deloitte Consulting, and JP Morgan. He is a graduate of Georgetown University, and has a master's degree from Columbia.


Derivatives Risk Management – understanding and coming to compliance with SEC Rule 18f-4

11:30 - 12:15


Lunch and Networking

12:15 - 13:00




FRTB: being ready for implementation in 2023

13:00 - 13:45

  • Rule interpretations: understanding Fed adjustments like the preference of standardized approaches
  • Data infrastructure: setting up for the large amounts of data for various needs
  • Transparency: how do you handle the limited information from OTC activity?
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.

Phil Ohana

Executive director


Suresh Srinivasan

FRTB Americas implementation lead


Suresh Srinivasan is currently the Americas FRTB implementation lead at HSBC. Prior to this role, Suresh helped in establishing the GMS program in HSBC. Before his career in HSBC, Suresh worked as a Management Consultant in EY and assisted several major US banks in their GMS initiatives. Suresh has held several leadership roles and has worked with multiple functional units in the Traded Products and Investment Banking domain. Suresh earned his MBA in Finance from Zicklin School of Business, New York and Bachelors in Engineering from India.

Wei Zhu

Managing director


Wei Zhu is a Managing Director and Global Head the Market Risk Analytics in Citi.  After joining Citi in 2001, he has worked in various risk modeling areas including market risk, counterparty credit risk, and risk capital.   Mr. Zhu has a Ph.D. in Physics from New York University and is a CFA charter holder since 2004.

Dennis Sinelnikov


Executive director

Dennis Sinelnikov is an Executive Director and Head of FRTB Development in Nomura, responsible for the development of firm’s FRTB models in Market Risk System.

Prior to joining Nomura, Dennis worked in Quantitative Analytics Group at Barclays and Financial Modeling Group at BlackRock.

Dennis holds a MS in Computer Science from Johns Hopkins University, BS in Computer Science from Binghamton University and is a CFA charter holder.

Basel IV: are we ready for the finalization?

14:00 - 14:30

  • Capital Requirements – preparing your balance sheet
  • Comparative banks – how are EU and US interpretations impacting the way different banks operate?
  • Net Stable Funding Ratio – keeping banks prepared for stress-induced environments
Philip Alexander

Regulation Desk Editor


Philip Alexander is the regulation desk editor for, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives and central and eastern Europe.

Prior to entering journalism, he edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

Shahab Khan

Subject matter expert- regulatory capital & liquidity

JP Morgan Chase

Shahab Khan currently works for JP Morgan Chase as subject matter expert in regulatory capital and liquidity.

Previously, Shahab worked for Deutsche Bank in New York in Treasury function as head of regulatory interpretation-liquidity. Prior to this, he was with the Regulatory Policy group where he was subject matter expert on matters related to Liquidity, Capital, RWA, Market Risk etc. Before this, he worked for various financial institutions and was associated with one of the big 4 accounting firms in the financial advisory group at the beginning of his career. During his professional career, he has held various positions in Treasury and M&A groups. For the last several years, he has been dealing with Capital and Liquidity regulations that are applicable in the US.

In addition to MBA, he is also a Certified Treasury Professional. 



Human vs. Machine: how to avoid an over-reliance of softwares and complement it with skilled individuals

13:00 - 13:45

  • Drawing the line – where does the machine end and human begin?
  • Training the Machine – who in addition to a coder or statistician should be developing the ML model?
Sven Sandow

Global head of credit and operational risk analytics

Morgan Stanley

Sven Sandow is the Global Head of Credit and Operational 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-University Halle-Wittenberg in Germany.

Yury Dubrovsky

Chief risk officer

Lazard Ltd.

Ramakrishnan Chirayathumadom

Chief model risk officer

Goldman Sachs

Rama Chirayathumadom is Chief Model Risk Officer of GS Bank and global head of model validation for consumer, credit risk and compliance models at Goldman Sachs. Over the last five years as Chief Model Risk Officer of GS Bank, Rama has overseen the model risk management of the bank’s retail expansion through notable product launches including Marcus loans and Apple Card.

Over his 16-year career at the firm, Rama has held roles in model development and validation across Global Markets, Controllers and Risk divisions.

Rama holds an MS in Management Science and Engineering from Stanford University and a Bachelor of Technology in Electrical Engineering from the Indian Institute of Technology Madras.

Liming Brotcke

Model validation executive


Liming Brotcke leads the model validation group of the MRM function at Ally. Before joining Ally Liming was the functional head of MRM for six large and foreign banks in the 7th district and led the Risk Modeling and Analytics at the Federal Reserve Bank of Chicago. She has years of CCAR experience and participated in the LISCC supervision as the quantitative lead of the retail credit card portfolio. Prior to Chicago Fed, Liming has extensive quantitative skills and business knowledge due to her experience at Citi Group and Discover as a portfolio manager and model developer for various business lines. Liming holds a Ph.D. degree in Economics from the University of Illinois at Chicago.

Costs of Operations: managing risk on a budget

14:00 - 14:30

  • Regulation – accounting for operations across varying jurisdictions
  • The new normal – quickly adjusting to changing operating models
  • Vendor relationships – technologies assisting in risk efficiency
Mandar Rege

Managing director, operational risk management, technology and cybersecurity


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.


Emre Balta

SVP - financial and compliance risk model validation

US Bank

Emre Balta is leading the Financial and Compliance Risk model validation within the Model Risk Management Group at U.S. Bank.

In this capacity, he provides leadership and strategic direction to model risk management and validation of a broad spectrum of models covering AML, fair lending, PPNR, market risk, counterparty credit risk, treasury, and AI/ML models and a wide variety of risk tools used by the bank. He has over 15 years of experience in credit, market and operational risk modeling across full spectrum of asset classes (retail, corporate, capital markets) and model risk management, including governance, framework design and implementation, model development, validation, regulatory strategy and remediation plans.  Prior to his role at US Bank, Emre was a management consultant in the Finance & Risk practice of Oliver Wyman, and a senior financial economist at the Risk Analysis Division of OCC.

Joanne Cash

Head of control management for operations and investment services

BNY Mellon

Joanne E. Cash joined BNY Mellon in 2001 and is the Head of Control Management for the Operations and Investment Services groups. She is a member of the Global Operations & Technology Executive Team, the Pittsburgh Executive Committee, and supports the Pittsburgh People Pillar. Joanne is responsible for first line Control and Information Risk Functions as well as Operations and Regulatory Programs. Joanne’s teams collaborate with Enterprise, Business and Operations Managers to ensure that the control environment across all in scope areas is sound and meeting client needs.

Previously, Joanne held positions with PricewaterhouseCoopers in Belfast, Northern Ireland and Ford Motor Company in Basildon, United Kingdom.

Joanne received her Post Graduate Diploma in Accounting from Queens University Belfast and her bachelor’s degree in Accounting and French. Joanne is an Irish Chartered Accountant and has designations as a Certified Internal Auditor and Certified Information Systems Auditor.


Central counterparty (CCP) reporting: how can CCPs build greater transparency with timely and pertinent disclosures?

14:45 - 15:15

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.

Joseph Garelick

Vice president


Joseph Garelick is a member of BlackRock's Risk & Quantitative Analysis Group.  He is responsible for managing all aspects of counterparty risk, with a primary focus on managing end-investor risks in cleared markets. In that capacity he is responsible for assessing, quantifying and monitoring risk to central counterparties. Prior to assuming his current role, he worked in Derivatives Operations where he focused on OTC derivatives.  He earned a BS degree in Finance and Management from New York University's Leonard N. Stern School of Business.

Arthur Laichtman

Managing director, risk control


Arthur E. Laichtman is a Managing Director in Risk Control at UBS AG, where he oversees counterparty risk in the Americas region and is responsible for leading various strategic initiatives. He is also globally responsible for the control of UBS' CCP risk and the IB Risk Change function.  In addition, Mr. Laichtman is the Entity Risk Officer for the US broker-dealer and FCM, UBS Securities LLC, as well as the UBS AG, Stamford branch.

He sits on various committees including the IB Credit Committee, Americas Risk Control Executive Committee, the IB Americas Management & Risk Committee, the IB Americas Operating Committee, and the UBS Securities LLC ALCO.  Mr. Laichtman currently sits on the DTCC Risk Advisory Committee and is a former member of the Eurex EMIR Risk Committee.  He is a member of the Risk Management Association (RMA) Global Markets Risk Council, a former Board member of the Capital Markets Credit Analyst Society, and active in various industry working groups, roundtables, and panels.    Prior to UBS, Mr. Laichtman was employed by Kidder Peabody and The Bank of New York in various risk and internal auditing roles. Mr. Laichtman received a B.Sc. in Finance from Binghamton University and an MBA from New York University. 


US Treasury Market Structure Modernization

15:30 - 16:15

  • Central Clearing
  • Public Reporting
  • Trading Venue Oversight
  • Standing Repo Facility
  • SLR
Priya Misra

Head, global rates research

TD Securities

Andrew Auslander

Managing principal

Agile Financial LLC

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.  Previously, Andrew was the Head of Risk Governance and Disclosure at AIG and 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.


Jonah Platt

U.S. head of government & regulatory policy


Jonah Platt is U.S. Head of Government & Regulatory Policy, helping to lead the firm’s engagement on legislative and regulatory initiatives across the full rang of asset classes, including fixed income, credit, commodities, and equities.

Prior to joining Citadel, Mr. Platt was an Executive Director for Sales and Trading Legal at UBS Investment Bank.  Previously, he was a Derivatives and Capital Markets Associate at Allen & Overy LLP.

Mr. Platt received a bachelor’s degree with high distinction from the University of Michigan and graduated magna cum laude from the University of Michigan Law School.

Sharon Thiruchelvam

US regulation reporter


Day 2 Opening Remarks

08:50 - 09:00


Inflation Environment: how to minimize inflation risk through hedging and new product conception

09:00 - 09:30

  • Typical approaches to existing asset classes
  • Assessing the need for new products
  • Creating new asset classes
Michael Ashton

Managing principal

Enduring Investments LLC

Mr. Ashton is a pioneer in the U.S. inflation derivatives market. Prior to founding Enduring Investments, Mr. Ashton worked in research, sales and trading for several large investment banks including Bankers Trust, Barclays Capital, and J.P. Morgan. Since 2003, when he traded the first interbank U.S. CPI swaps, and 2004 when he was the lead market maker for the CME’s CPI Futures contract, he has played an integral role in developing new instruments and methods for accessing and hedging various inflation exposures. In 2016, Mr. Ashton publishedWhat’s Wrong With Money? The Biggest Bubble of All. He is a graduate of Trinity University and lives in Morristown, New Jersey.


Libor 2023: outlook for future rates

09:45 - 10:30

  • Product type – determining which rates work best for which strategies
  • Market shifts – how did rates adjust after the first issued SOFR contract?
  • Legacy contracts – will they move in the direction of a different rate?
Jumana Poonawala

Senior vice president, chief program officer - LIBOR

US Bank

Jumana Poonawala, Senior Vice President, Chief Program Officer for the LIBOR Transition Office, U.S. Bank. The LTO is charged with the execution of a coordinated strategy to manage the transition away from LIBOR by end 2021. Jumana has 18+ years of financial advisory and operations experience, including ETF sub-advisory, in the asset management space.

She was an Investment Officer and Co-Head of the Global Trade & Supply Finance group at International Finance Corporation (IFC), a member of the World Bank. She has also held positions at Chatham Financial, an interest rate and currency hedging advisory firm based out of Pennsylvania and Deloitte Consulting in the Financial Services Group in New York. Jumana holds a BA in Economics from Brandeis University and an MPA in International Development Economics from Harvard University, where her research included publications on the analysis of the forward rate as a predictor of the future change in the spot exchange rate.

Jing Zou

Managing director, enterprise model risk management

Royal Bank of Canada

As Managing Director in Enterprise Model Risk Management (EMRM), Jing Zou is the head of model validation in Securitized Products, Value-at-Risk (VaR), Pre-Provision Net Revenue (PPNR), insurance, interest rate models, and retail mortgage. She also developed Comprehensive Capital Analysis and Review (CCAR) model fragility analysis, which quantifies the impact of model uncertainty on capital ratios. She is an invited speaker for many industry conferences.

Jing joined RBC in 2014 as a Director in local model risk manager, where she engaged the business about model risks. Later on, she was promoted to a Senior Director and then a Managing Director. Before joining RBC, Jing worked at Goldman Sachs, Wells Fargo, Fannie Mae, and Ziff Brothers Investments in various quantitative analytics roles covering front office models, buy-side models, 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 from Xi’an Jiaotong University.

Guillaume Helie

Vice president, head of US rates structuring & solutions

Goldman Sachs

Guillaume Helie is Head of Client Structuring & Solutions for Interest Rates in the US at Goldman Sachs. He is also responsible for LIBOR Transition for the Global Markets Division, responsible for driving and coordinating the transition for GS’s market-making businesses globally. He represents Goldman Sachs on the ARRC and co-leads its Market Structure and Paced Transition Working Group.

Mr. Helie joined Goldman Sachs in 2009 after graduating from Stanford University with an M.S. in Financial Mathematics in 2009. Prior to that, he received a B.S./M.S. in Engineering from Ecole Centrale Paris and a degree in Economics from Universite Paris Dauphine in France.

Philip Whitehurst

Head of service development, rates


Philip Whitehurst is Head of Service Development for LCH’s Rates business which includes SwapClear, the market-leading swap clearing service it operates.

Based in London, Philip has over 25 years' experience in the OTC Derivatives markets in a range of functions and firms. Following initial roles trading GBP and DEM interest rate swaps and options, Philip spent more than 10 years structuring fixed income derivatives solutions for institutional and retail clients the APac and EMEA regions for the major international investment banks.

Philip joined LCH in 2009 to lead SwapClear’s Product Management function, and has been heavily involved in the design & development of many of LCH’s recent initiatives including SwapClear’s client clearing models, its compression services and the nascent extension into non-cleared OTC derivatives. He has most recently been representing LCH in industry forums, such as ARRC, established to address the challenge of Benchmark Reform.

Helen Bartholomew


Helen Bartholomew is editor-at-Large for, based in London. Prior to joining Risk, she was derivatives editor for International Financing Review, part of Thomson Reuters, where she previously reported on debt and equity capital markets. Helen holds a bachelor’s degree in Anthropology from the University of Durham, UK.


Deep dive: Advances in counterparty credit modelling in energy markets

10:45 - 11:15

  • Handling seasonality e.g. natural gas curves for greater precision in credit exposure assessments
  • Correlated market and default events
  • Ways to accurately capture wrong-way risk effects
Andrew McClelland

Director of Quantitative Research


Numerix Andrew McClelland’s quantitative research at Numerix focuses on XVA pricing and hedging, generating counterparty credit risk metrics for structured products, and estimating risk model parameters via time-series estimation. He earned his PhD in finance at the Queensland University of Technology for a thesis on financial econometrics. He considered markets exhibiting crash feedback, option pricing for such markets, and parameter estimation for such markets using particle filtering methods. Dr. McClelland’s work has been published in the Journal of Banking and Finance, the Journal of Econometrics, and the Journal of Business and Economic Statistics.  


Future Risks: having the foresight to identify important risks that impact you and your enterprise

11:30 - 12:15

  • Key emerging risks – what sudden changes can you expect due to regulation or industry challenges?
  • Building expertise – developing a team that excels at risk preparedness
  • Real-life examples – what are some actual future risks we should be considering right now?
Alec Crawford

Partner and chief investment risk officer

Lord, Abbett & Co. LLC

Alec Crawford manages the team responsible for developing and monitoring portfolio risk protocols for all Lord Abbett investment strategies.

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 9, by Frank Fabozzi. Mr. Crawford also has received awards from Institutional Investor for his research on mortgaged-backed securities.

He earned an AB in computer science from Harvard College.

Navin Sharma

VP of Group, Director, Fixed Income Risk

T. Rowe Price

Rodney Hill

Chief risk officer


As Chief Risk Officer, Rodney leads the Risk Management, Compliance and Ethics, and Assurance and Advisory functions for OMERS. Under his leadership, these functions work closely with the businesses units across OMERS to fulfil their mandate, and to provide ongoing monitoring and reporting to senior management, the OMERS Board of Directors and its various committees.

Prior to joining OMERS in 2011, Rodney worked as a Partner at an international accounting firm, where he specialized in auditing complex public and private companies. During this time, he also held several leadership roles with the firm.

A graduate from the University of Kent at Canterbury, with an Honours Degree in Accounting with Computing (Honours), Rodney is an Associate of the Institute of Chartered Accountants in England and Wales (ACA-UK).

He is also a Chartered Professional Accountant (CA, CPA) in Canada. Originally from Ireland, Rodney is passionate about giving back through involvement with community. Rodney also serves on the Financial Committee for Crescent School. He lives in Toronto with his family.

Matthew Jozoff

Head of digital asset securitization


Matthew is head of digital asset securitization at Radkl, bringing fixed income concepts to the crypto markets. Prior to that, he co-headed fixed income, currencies, commodities, and index research at J.P.Morgan, where he had worked for 15 years. He ran the mortgage strategy team at Goldman Sachs and began his career at Lehman Brothers in mortgage research. He has an A.B. in physics from Princeton University and an MBA in finance from The Wharton School.


Lunch and Networking

12:15 - 13:00



Market Cautions

Credit Risk: preparing strategies for a potentially slowing economy

13:00 - 13:30

  • Higher rates – if interest increases due to less borrowers, how do you maintain the same level of credit risk?
  • Fed impact – is it safe to rely on regulation to step in anytime the economy slows?
Courtney Garcia

Managing director, head of market risk

Apollo Global Management

Ms. Garcia joined Apollo in 2021 as the Head of Market Risk.  Prior to joining Apollo, Ms. Garcia was an Executive Vice President and Portfolio Risk Manager at PIMCO from 2007-2021.  While at PIMCO she served on various management committees, oversaw investment and counterparty risk, and led firm planning for LIBOR transition.  Prior to PIMCO, Ms. Garcia was employed by Barclays Capital within the CDO Structuring group.  She graduated from University of California, Berkeley with a Masters of Financial Engineering and Columbia University with a BS in Applied Mathematics.

Ying Murdoch

Head of North America fixed income risk

Columbia Threadneedle Investments

Racim Allouani

Head of portfolio construction and risk management


Racim Allouani (New York) joined KKR in 2015 and oversees the Risk Management and Portfolio Construction efforts across KKR's Public Credit, Private Credit and Special Situations businesses. Prior to his current role, Mr. Allouani had a similar responsibility in the Hedge Funds business. Prior to joining KKR, he spent five years at the hedge fund of Lombard Odier as a senior quantitative portfolio analyst and risk manager, covering equities and credit strategies. Prior to that, he was at fund of hedge funds Arden Asset Management in the portfolio optimization and risk management group. Mr. Allouani held previous positions at Deutsche Bank in equity research and Bank West LB in fixed income research. Mr. Allouani earned a M.A. in International Economics from Sciences Po Paris, in Financial Engineering from Cornell University, as well as a and Bachelor’s degree in Applied Mathematics and Computer Science from Ecole Nationale des Ponts Et Chaussees.

Counterparty Risk: is the intersection of market, counterparty and hedge fund due for review?

13:45 - 14:30

  • Infrastructure – how are transactions being disrupted and what does that mean for trade/investment processes going forward?
  • Default hits – lessons learned from recent events
  • Reactions – will governing bodies over or underreact?
Oliver Jakob

Former 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.


Ash Majid

Managing director and CRO

SMBC Capital Markets & SMBC Nikko America

Ash Majid is Managing Director and Chief Risk Officer for SMBC Capital Markets, Inc. & SMBC Nikko Securities America, Inc. wholly owned subsidiaries of SMBC Americas Holdings, Inc. In his current role he oversees teams responsible for managing the risk from the two subsidiaries within the broader America’s Division risk management team. Prior to joining SMBC Capital Markets, Ash worked at Ernst and Young, LLP within their Quantitative Advisory Services and SunTrust Banks, Inc. with oversight of their derivatives trading desks' market risk. Ash holds a Doctorate degree in Electrical and Computer Engineering and a Master's degree in Quantitative and Computational Finance from Georgia Institute of Technology. Additionally, Ash holds FINRA Series 7 & 24 licenses.

Naresh Malhotra

Supervisor/Director – markets and investment management activities

Societe Generale

Naresh is considered a recognized market expert in the areas of market risk, counterparty credit risk, and model risk management. Currently, he is a supervisor/director at Sociate Generale focused on capital markets activities. Prior to joining Sociate Generale, Naresh served as US lead director of traded risk and capital at KPMG. Previously, Naresh worked at Diamond Notch Asset Management, a hedge fund, as a portfolio manager and head of European credit trading and strategies. In prior roles, he served as head of credit exotics at Commerzbank in London, and as a senior derivatives trader and market maker at UBS and Merrill Lynch in New York.

Naresh has a Ph.D. in Engineering from the University of Illinois at Urbana-Champaign, and a BS in Engineering from IIT-Kanpur (India). The academic preparation was followed by a research faculty position in Engineering & Applied Math at Caltech (Pasadena).



Using volatility to avoid disasters in this new regime

13:00 - 13:30

Kris Sidial


The Ambrus Group

Kris Sidial serves as the co-CIO of The Ambrus Group, a volatility arbitrage fund that focuses on statistical outliers in the U.S. equity space, primarily based on market microstructure and large interactive agents. Prior to joining Ambrus, Kris spent 3.5 years at BMO Capital markets, where he was part of the exotic derivatives and listed options trading team. Kris brings a unique blend of trading experience as he has traded all three main areas (prop, buy-side, sell-side) throughout his career on Wall Street. Kris has been profiled by many large media outlets, some of which include Bloomberg, Business Insider & Real Vision.
M.S- The University of Pennsylvania.

VaR and beyond: how are we recalibrating the whole risk system methodology?

13:45 - 14:30

  • Deterministic Stress Testing
  • Extreme Value Theory
  • Conditional Tail Expectation (CTE)
Eugene Shuster

Head of risk management

Nomura Asset Management

Dr. Eugene Shuster, Managing Director, and Head of Risk Management, joined Nomura Asset Management U.S.A. Inc. in December 2012.  Previously, he was Head of Quantitative Analytics within the Market Risk Management Group at PNC, where his team was responsible for providing a centralized solution center for all quantitative modeling efforts, research, development, documentation, and implementation across all the asset classes, products, and books that Market Risk Management oversees.  Prior to PNC, Eugene spent 5 years with Deutsche Bank as a Fixed Income Portfolio Manager leading a small team which invested in a large spectrum of fixed income assets using both quantitative and non-systematic strategies (i.e., black box semi-automated Treasury bonds book, new issue Agency and Corporate bonds book, bullet and callable relative value strategy, etc.). Prior to Deutsche Bank, he spent 3 years as a Fixed Income Quantitative Analyst at Putnam Investments creating predictive, pricing and risk, term structure and default, and portfolio construction models for asset classes ranging from Treasury and Agency bonds, to IG and HY bonds, to structured securities such as MBS, ABS, and CMBS.  Dr. Shuster earned his Bachelor of Science degrees in Physics and Theoretical Mathematics and his Ph.D. degree in Theoretical Physics from Massachusetts Institute of Technology.

Chris Callies

Interim CRO/CIO

Global Financial Firms

Chris has partnered with senior officers of major financial institutions to address growing complexity in the nature of financial risk and its propagation across geographic, asset class, market structure, and operational boundaries. After initially working with institutional asset managers, commercial banks, investment banks, and multi-family offices through the 2007-2008 financial crisis, Chris’ professional domain later expanded to alternatives managers, insurance firms, non-bank lenders, and regulators. Prior to embarking on a consulting track in 2006, Chris advanced through a series of senior roles at Credit Suisse, Merrill Lynch, and Bessemer Trust, including Chief Investment Strategist, Chief Strategist, Head of Market Risk Strategy, and acting CIO, with oversight of more than $40 billion in traditional and alternative assets. Chris is a dedicated advocate for fully integrated, flexible, proactive risk analytics as a vital tool for effective capital planning, product development, and sustainable returns.

Before starting a career in financial services, Chris earned a bachelor’s degree at Northwestern University in Evanston, Illinois, with a sub-specialty in advanced applied mathematics.

Gordon Liu

Executive vice president, US head of global risk analytics


Gordon is Managing Director, Regional Head of Global Risk Analytics at HSBC. He is responsible for the development and implementation of models used for calculating wholesale credit, market and counterparty credit risk metrics, anti-money laundering, and operational risk analytics in the region. He is also responsible for interacting with regulatory agencies to ensure HSBC’s compliance in quantitative aspects with the relevant regulations.
Gordon received a PhD in electrical and systems engineering from University of Connecticut and his undergraduate and master degrees from Huazhong University of Science and Technology, Wuhan, China.

Navin Sharma

VP of Group, Director, Fixed Income Risk

T. Rowe Price


Systematic Pricing and Trading of Municipal Bonds

14:45 - 15:15

Sudar Purushothaman

Managing director

Foundation Credit

Sudar Purushothaman is a Partner and Portfolio Manager for the FCO strategy and a member of Foundation’s Executive Committee.  Sudar’s responsibilities include developing and executing investment strategies, as well as risk management and analysis for the FCO strategy.  Prior to joining FCO in 2012, Sudar spent four years as a trader at Goldman Sachs on the municipal desk, focusing on high yield and high grade bond trading. Sudar received his Bachelors of Science from Stanford University and his Masters in Mathematics in Finance from New York University.


Entering Cryptocurrency Markets: where risk may differ and/or mirror traditional markets

15:30 - 16:15

  • Current products – understanding the landscape of existing cryptocurrencies and their derivatives
  • Risk modeling – under current market conditions, how do you look at risk?
  • Infrastructure – what technologies are helping to improve custody and capital issues?
  • Regulation – how are governing bodies impacting the future of this nascent market?
Gabor Gurbacs

Director, digital asset strategy


Sebastian Bea


One River Digital

Sebastian Pedro Bea, OLY, is the President of One River Digital.  Sebastian, in concert with the team, develops and executes the One River Digital strategic plan.  Sebastian is focused on building ORD’s investment platform and global client base.  Sebastian also serves as the Head of Sales and Strategy for One River Asset Management.  Sebastian and his team help global clients understand, access, and stay connected to the investment capabilities of One River, across both Alternative strategies and Digital assets.  Sebastian has 20 years of experience across liquid public markets and institutional investing.

Prior to joining One River, Sebastian worked at BlackRock, beginning in 2012.  Sebastian was most recently a Managing Director at BlackRock, co-leading investment strategy globally for BlackRock Systematic Active Equity.  Prior to BlackRock, Sebastian worked at Credit Suisse, beginning in 2001.  Sebastian built relationships with institutional investors, delivering the firm’s proprietary data, capital markets product, and firmwide capabilities. 

Sebastian holds a double major in English and Economics from The University of California, Berkeley. Sebastian is a World Champion and Olympic Silver Medalist, in rowing, for the United States of America.

Daniel Tenengauzer

Managing director, head of markets strategy

BNY Mellon

Daniel Tenengauzer is Head of Markets Strategy at BNY Mellon and leader of the Aerial View market commentary platform. In this role, Daniel heads strategy efforts for our clients, providing them with original insights into the world's asset and currency flows, equipped by the firm's unique position at the center of the global financial system. He also acts as a media spokesperson for BNY Mellon on global macroeconomic and geopolitical issues.

Boasting more than 20 years of cross-asset experience on both the buy and sell sides, Daniel is a seasoned global macro researcher with unparalleled knowledge of international markets, informed by lengthy periods working on four continents. He joined BNY Mellon from Tse Capital Management, a New York-based hedge fund, where he was director of research, overseeing currencies and fixed income exposures globally.

Before Tse, Daniel supported foreign exchange and fixed income sales and trading at some of the world's largest banks, from emerging market debt and FX at Goldman Sachs, to G10 research at Lehman Brothers, and emerging markets fixed income strategy at Bank of America Merrill Lynch. More recently, Daniel led global FX strategy for RBC Capital Markets.

He holds a master's degree in Finance and Economics from the London School of Economics and Political Science. He has also been published in a wide variety of academic journals and speaks several languages, including Portuguese, Hebrew and Spanish.

Chris Perkins

President and managing partner



Clean-up Cost - Exploring how to properly account for unfilled quantity in your TCA

16:30 - 17:00

Nicholas Westray

Head of execution research

Alliance Bernstein

Nick is currently Head of Execution Research in the Multi-Asset Solutions group at Alliance Bernstein, where he focusses on  automating and improving execution across Equities, Futures and FX. He is also a visiting researcher in Financial Machine Learning at the Courant Institute of Mathematical Sciences at NYU working on problems at the intersection of optimal execution, market microstructure and deep learning. Previously he was a Senior Quant Researcher in the Equity Execution group at Citadel focusing on block trading and market Impact. Prior to that he was at Deutsche Bank involved in the Central Risk Book and Algorithmic Trading. He holds a PhD from Imperial College London and was a Postdoctoral Research fellow at Humboldt Universitaet zu Berlin.


Day three - Opening remarks

08:50 - 09:00


Life after COP 26: the finance industry's to-do list for the $130 trillion dash to net zero

09:00 - 09:30

  • What's stopping firms from being transparent about the emissions they finance?
  • When will the SEC make firms disclose their financed emissions?
Will Hadfield

Investing editor

Will Hadfield runs the investing team for, overseeing coverage of hedge funds, conventional asset managers and insurance companies. He previously covered market structure for Bloomberg News in London, both as a reporter and an editor. He studied History at the University of Durham and is a French speaker.

Stacy Swann


Climate Finance Advisors, BLLC

Stacy Swann (Founder & CEO) the CEO and Founding Partner of Climate Finance Advisors, a benefit LLC based in Washington, DC with expertise in banking, development finance, and climate change. During her career, Ms. Swann has held senior positions with the International Finance Corporation (IFC), as well as with the US Department of Treasury, Enron Corporation, and other organizations. For more than twenty-five years she has worked with investors, financial institutions, and policymakers on mainstreaming climate considerations across both investment and policy and has expertise in blended finance, climate finance, climate-smart fiscal policies, and approaches to identify, assess, and manage climate risk.

In addition to leading Climate Finance Advisors, Ms. Swann is the Chair of the Export-Import Bank of the United States (EXIM) Council on Climate and sits on the Board for the Montgomery County Green Bank the United States’ first county-level green bank and is Chair of its Investment Committee. She is also a member of the Steering Committee/Board of the Global Water Partnership, a global action network of more than 3,000 Partner bodies in 179 countries focused on building sustainable water systems globally.


Transitional risk: as industries shift their practices due to climate change how will the financial industry react?

09:45 - 10:30

  • Financial repricing – taking another look at tangible assets and their prices 

  • Sector ratings – how are certain sectors impacted and how do you go about re-rating them for financial health? 

  • Value ratings – what are the implications from sector re-ratings? 

Lakshmi Murthy

Global lead - climate risk, ESG, sustainability analytics

Credit Suisse

Lakshmi Murthy is the Global lead for Climate Risk Strategy and ESG Analytics at Credit Suisse.


She is an experienced Financial Services leader with a passion for building scalable data-enabled products to solve business problems using advanced analytics.


Lakshmi has a Master’s degree in Computer Science from India, and an Master’s degree in Business Analytics from NYU Stern School of Business

Aida Shahbazi

Head, risk frameworks & regulatory capital oversight

BMO Financial Group

Emma Jenkins

Manager, transition plans, capital markets


Emma Jenkins is a manager on CDP's Capital Markets team focused on transition planning.  She has an MBA in Sustainability from Bard College. Emma spent her early career working in education for sustainability, which ultimately inspired her to dedicate her career to propelling a low-carbon economy. She has experience supporting financial services companies through their sustainability reporting process and using ESG analysis to advise individual investors on how to take ambitious action on climate change. In her current role, Emma works with various capital markets stakeholders to reduce their financed emissions and achieve net zero by 2050 through science-based targets and incentivizing their clients to develop ambitious climate transition plans.  Emma is on the board of the Kingston Land Trust and Sustainable Hudson Valley, and on the Impact Capital Forum’s Associate Board.


Morning break

10:20 - 11:00


Financial Activism: the impact investing opportunity for deeper risk mitigation

10:45 - 11:15

Eva Helene Yazhari

Co-founder and CEO

Beyond Capital

Eva Yazhari is a seasoned investor, conscious entrepreneur, author, and the General Partner of Beyond Capital Ventures, an early-stage impact venture capital fund offering a diversified portfolio of early-stage purpose-driven companies in "need-to-have" sectors in emerging markets. Previously, Eva was Vice President at EnTrust Capital Inc. Her team invested over $5 billion into top hedge funds. She specialized in due diligence, underlying fund portfolio analysis, and shareholder activism. 

Eva is an active investor and is pioneering equity and power transformation in venture capital at Beyond Capital Ventures, giving ownership to every founder in the portfolio. She is a member of YPO and co-chairs the YPO Impact Investing Initiative, in addition to serving on the executive committee of the Personal Investing Network. She serves on corporate boards including Viebeg Medical, Karma Healthcare, Redwing Labs, and Frontier Markets, along with the Barnard Athena Center. Eva is also the co-host of the Beyond Capital Podcast, founder of The Conscious Investor online magazine, and author of ‘The Good Your Money Can Do.’


Best uses for alternative data for ESG modeling

11:30 - 12:15

Todd Arthur Bridges

Global head of sustainable investing and ESG research


Dr Todd Arthur Bridges joins Arabesque S-Ray GmbH from State Street Global Advisors, where he was Head of ESG Research and Development. Dr Bridges previously worked as Head of ESG Research at Ethic, and held the position of Research Managing Director at Cornell University. He is a member of the Sustainable Finance Advisory Committee of the UN-backed Principles for Responsible Investment (PRI), and holds a PhD in Socioeconomics, Organizational Behaviour and Research Methods from Brown University.

Geoffrey Yu

FX and macro strategist for EMEA

BNY Mellon


Lunch break

12:20 - 13:00


Just Transitions: the intersection of human capital, climate risk, and financial obligations

13:00 - 13:30

  • Racial consideration: how can investment managers engage with polluting companies that disproportionately impact minority communities?
  • Shifting labor force: as we work towards a cleaner society, how do we make sure workers aren’t left behind?
  • Climate metrics: scoring companies for more than their tangible impacts
Lazaro Tiant

Investment Director - Sustainability


Lazaro Tiant is an Investment Director, with a focus on sustainability. His responsibilities include strategy, product management and ESG integration for the North American market. Lazaro joined Schroders in 2021 and is based in New York.

Prior to joining Schroders, Lazaro was an Associate Director at Sustainalytics from 2018-2021, where he was responsible for advising asset managers, pensions, endowments and hedge funds on research-driven ESG integration and sustainable investing efforts, including sector and company materiality analysis, impact measurement, ESG engagement, and climate transition-risk assessments across Equity, Fixed Income, and Thematic strategies.

Lazaro was also an Analyst at MSCI from 2014-2017 within the RiskMetrics and Barra Analytics businesses. He holds a BA in Economics from Villanova University.

Travis Antoniono

Investment manager


Travis Antoniono is an Investment Manager within the Board Governance & Sustainability division of California Public Employees' Retirement System. Travis’ main area of focus is climate strategy and helping decarbonize CalPERS’ $490 billion investment fund. This includes researching new and innovative solutions to support the integration of climate change risk and opportunity factors into investment decisions.

Prior to CalPERS, Travis was most recently an Associate Portfolio Manager within the Sustainable Investment & Stewardship Strategies division of the California State Teachers’ Retirement System where he co-managed CalSTRS $10 billion sustainability-focused public equity and private markets portfolio, led environmental and climate-related corporate engagement efforts, and chaired CalSTRS cross-asset class Green Team.

Prior to joining CalSTRS Investments, Travis worked as a Management Consultant for CalSTRS and served as an officer in the United States Air Force. Travis received Bachelor of Science degrees in Finance and Risk Management from California State University, Sacramento and received an MBA from Haas School of Business, University of California, Berkeley.

Berenice Lasfargues

ESG analyst, SDG lead

BNP Paribas Asset Management

Office Culture: assessing a firm’s relationship with its employees

13:45 - 14:30

  • Labor relations: how fair are wages and hiring practices? 

  • Work/Life balance: are policies in place to support a healthy co-existence? 

  • Hybrid working: how are firms adjusting their work-from-home policies?
Judith Hilton


DWS Americas

Judith joined DWS (formerly known as Deutsche Asset Management) in 2005 following 8 years with JPMorgan Chase. Prior to her current role as the Chief Risk Officer for DWS Americas, she served as the Regional Control Officer for DWS Americas. Before that, she was the Global Chief Operating Officer for the DWS Alternatives and Fund Solutions business based in London.

Judith holds an MBA in Financial Management from Pace University, New York.

Rajat Baijal

Managing director, global head of enterprise risk

Cantor Fitzgerald

Rajat Baijal is the Managing Director – Global Head of Enterprise Risk at Cantor Fitzgerald. In this role, he is responsible for designing and embedding a robust Risk Framework across the firm. This includes articulating and implementing a robust Risk & Control Self-Assessment (RCSA), Risk Event Management, Key Risk Indicators etc. and ensuring that the Board is suitably informed about all material issues.

Rajat has an MBA in Finance and has previously worked for Kensington Mortgages, Lloyds Banking Group and Aviva specialising in global implementation of their Risk Framework. Rajat is a regular speaker at risk conferences across London and New York and has authored a number of articles for risk journals/textbooks.

Paula Fontana

Senior director of product marketing

Fusion Risk Management



Intangible investing: finding the factors that improve future fundamentals, sustain growth and profitability, and offset type 2 risk

13:00 - 13:30

  • Reputation – how consumer satisfaction and brand recognition drive business performance
  • Innovation – how engaged human capital facilitates creativity that transforms businesses
  • Resilience – how intangible assets improve firms’ abilities to recover from black swan events
Mikhail Samonov


Two Centuries Investments

Mikhail has been a portfolio manager for over 15 years with a demonstrated track record of innovation and performance. His prior roles included managing more than $5 billion in systematic equities for PineBridge Investments, including $1 billion in a Socially Responsible strategy, and managing $1+billion in multi-asset and alternative factor strategies for Forefront Analytics. Mikhail is a published author and a frequent speaker on the topics of factor investing, asset allocation, quantitative innovation and sustainable investing. His work has been quoted by leading media organizations, academics and book authors. Mikhail is a creative thinker and an educator frequently involved in helping investors and asset managers transform, innovate and grow. Mikhail is an honors graduate of Brown University with a Bachelor of Science in Applied Mathematics and Economics, and holds an MBA degree from the Wharton Business School at the University of Pennsylvania. Mikhail is a CFA Charterholder.

Company performance: understanding the upside of good governance

13:45 - 14:30

  • Board makeup: helpful stewards, or friends of the C-Suite? 

  • Diversity: getting insight and having leadership from varying viewpoints  

  • Incentive structures: best motivation practices for workers 

Nicole Sandford

Executive vice president

Ellig Group

Kennedy Ihezie

Senior director, global diversity, equity & inclusion


Kennedy Ihezie is Senior Director, Global Diversity, Equity & Inclusion at American International Group (AIG). A recognized subject matter expert and a sought- after practitioner in the space of workplace diversity and inclusion and talent management., Ihezie was Senior Director, Diversity and Inclusion Strategy at Macy’s Inc, a global retail corporation. Prior to his leadership role at Macy’s, Ihezie was Vice President at the Center for Talent Innovation (CTI), a New York based premier think tank and content provider that studies global workplace inclusion and diversity. At CTI, he provided strategic advice on Diversity and Inclusion to multinational corporations across sector, co-authored a global research report on Disabilities and Inclusion and led an initiative on Black talent in Corporate America. He has cross-sector experience including human resources at MultiChoice, a multinational digital entertainment company. Ihezie currently serves on the board of Beyond #MeToo Working Group focused on challenging workplace harassment, discrimination, and misconduct and promoting best practices for workplace inclusion and corporate diversity. Ihezie holds a degree in business from New York University.

Marvin Owens

Chief engagement officer

Impact Shares


Afternoon break

15:00 - 15:30


Climate data – what is key to evaluating climate risk?

14:45 - 15:15

Simon Fischweicher

Head of corporations and supply chains

CDP North America

Simon Fischweicher is the Head of Corporations and Supply Chains for CDP North America. He leads CDP North America’s work to support companies on their journey towards environmental leadership by measuring and understanding their environmental impact in their operations and value chain. This includes overseeing corporate disclosure, accelerating and expanding impact through CDP’s Reporter Services and Supply Chain memberships, and driving action through corporate commitments to science-based targets and 100% renewable energy. Prior to his current role, Simon had managed CDP North America’s Corporate Engagement team since 2016 where he increased disclosure to CDP’s Climate Change, Forests and Water Security questionnaires, including 80% of the S&P 500. Simon joined CDP in 2015 where he worked on CDP’s Global Initiatives team driving corporate climate commitments ahead of the Paris Agreement. Simon holds a MBA in Sustainability from Bard College.


Net-Zero Portfolios: eliminating CO2 from your investments profile

15:30 - 16:15

  • Sector analysis: understanding some of the biggest emitters by industry 

  • Active management: stock selection based on ESG criteria 

  • Carbon offset: balances your portfolios emitters and reducers 

Mike Chen, PhD

Director, dynamic equity & lead portfolio manager, global sustainable equity

PanAgora Asset Management

Dr. Chen is a Director of Portfolio Management at PanAgora, and the lead portfolio manager for Global Sustainable Strategy. In this role, he is responsible for leading the development of PanAgora’s ESG strategy, including alpha research, portfolio management, and model and product development. He is also responsible for novel ML alpha research and model development in the Dynamic team and across the wider Equity group, and daily management of firm’s Dynamic portfolios. Dr. Chen’s research interests are in the areas of machine learning, ESG, and alternative datasets. In this capacity, Dr. Chen developed a novel ESG portfolio construction framework for which patent has been filed. Previously, he was a portfolio manager at PanAgora’s Stock Selector team.

Prior to joining PanAgora, Dr. Chen was a Portfolio Manager at BlackRock’s Scientific Active Equity (SAE) team, where his responsibilities include portfolio management and research into alpha insights for use across the entire SAE platform. While at SAE, Dr. Chen won “Signal of the Year” award for an alternative data signal he researched and developed. Prior to BlackRock, Dr. Chen worked at Google where he was a member of the team that managed Google’s fixed income investment portfolio. Dr. Chen started his career at Morgan Stanley in New York where he traded exotic US rates derivatives. While at Morgan Stanley, Dr. Chen researched, developed and patented a framework that allowed for pricing of derivatives based on two rate curves with dynamic multiplicative spread, one of the first such models on the street. 

Dr. Chen graduated from the University of Illinois in 2005 with a Ph.D. in Electrical and Computer Engineering, and has 14 years of financial industry experience. He has published in leading engineering and applied mathematics journals, and had been invited to talk at numerous academic and industry conferences.



Rosanna Pezzo-Brizio

Director, investment consulting group

New York Life Investments

Julie Gorte

SVP, sustainable investing

Impax Asset Management

Julie Gorte is Senior Vice President for Sustainable Investing at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

She oversees environmental, social and governance-related research on prospective and current investments as well as the firm’s shareholder engagement and public policy advocacy. Julie is also a member of the Impax Gender Analytics team.

Prior to joining the firm, Julie served as Vice President and Chief Social Investment Strategist at Calvert. Her experience before she joined the investment world in 1999 includes a various number of roles. Julie spent nearly 14 years as Senior Associate and Project Director at the Congressional Office of Technology Assessment. Additionally, she has held the roles of Vice President for Economic and Environmental Research at The Wilderness Society, and Program Manager for Technology Programs in the Environmental Protection Agency’s policy office and Senior Associate at the Northeast-Midwest Institute.

Julie serves on the boards of the Endangered Species Coalition, E4theFuture, Clean Production Action and is the board chair of the Sustainable Investments Institute.
Julie received a Ph.D. and Master of Science in resource economics from Michigan State University and a Bachelor of Science in forest management at Northern Arizona University.

Alexander Bernhardt

Global head of sustainability research

BNP Paribas Asset Management

Alex is a noted expert in sustainable finance. As Global Head of Sustainability Research, Alex is responsible for ESG research and integration across BNPP AM and plays an important role in driving the firm’s overall sustainability research agenda, thought leadership and thematic fund development.

Prior to joining BNPP AM, Alex spent 16 years at Marsh McLennan (NYSE:MMC), a USD 17 billion revenue (2020) professional services conglomerate. His final MMC role was as internal strategy consultant, designing cross-business strategies to address climate resilience, sustainability and the catastrophe protection gap. Between 2015-2020, Alex led Mercer Investment’s Responsible Investment advisory business in North America, where he undertook ESG integration work with the boards and investment committees of institutional investors of all types and sizes. He was a co-lead contributor to Mercer’s Investing in a Time of Climate Change research (papers released in 2015 and 2019) and undertook related consulting assignments for institutional investors across North America with over USD 800 billion of portfolio assets. While at Mercer, Alex served as a member of the firm’s Global Strategic Research Committee and the Sustainability Committee for the firm’s Sustainable Opportunities private market fund-of-funds and (co)authored several research publications on subjects as wide-ranging as turnover in equity markets and infrastructure investment in Africa.

Before joining Mercer, Alex was a Senior Vice President at MMC operating company Guy Carpenter, where he founded and ran the firm's GC Micro Risk Solutions® division focused on designing and developing index-based micro(re)insurance programs for development banks, microfinance institutions and insurers. 

Alex received a BA from the University of Puget Sound, and holds several (re)insurance accreditations. Alex is regularly quoted in financial industry press and has been ranked one of the 20 most influential individual consultants globally in the Sustainable and Responsible Investing category by the Independent Research in Responsible Investment (IRRI) Survey.

Nell Mackenzie

Investing reporter

Nell Mackenzie covers investors -  from asset managers to hedge funds and everything in between. Previously, she wrote about technology and business at the BBC and before that, about banks at Financial News. She earned her graduate diploma in financial journalism from City University in London.


Day four - Opening remarks

08:50 - 09:00


Reinforcement learning for portfolio construction: going beyond modern portfolio theory

09:00 - 09:30

Petter Kolm

Clinical professor & director of the mathematics in finance

Courant Institute of Mathematical Sciences, New York University

Petter Kolm is the Director of the Mathematics in Finance Master’s Program and Clinical Professor at the Courant Institute of Mathematical Sciences, New York University and Partner at Previously, Petter worked in the Quantitative Strategies Group at Goldman Sachs Asset Management.  Petter has coauthored four books: Financial Modeling of the Equity Market: From CAPM to Cointegration (Wiley, 2006), Trends in Quantitative Finance (CFA Research Institute, 2006), Robust Portfolio Management and Optimization (Wiley, 2007), and Quantitative Equity Investing: Techniques and Strategies (Wiley, 2010). He holds a Ph.D. in Mathematics from Yale, an M.Phil. in Applied Mathematics from the Royal Institute of Technology, and an M.S. in Mathematics from ETH Zurich. 


Petter is a member of the editorial boards of the International Journal of Portfolio Analysis and Management (IJPAM), Journal of Financial Data Science (JFDS), Journal of Investment Strategies (JoIS), and Journal of Portfolio Management (JPM). He is an Advisory Board Member of Alternative Data Group (AltDG), AISignals and Operations in Trading (Aisot), Betterment (one of the largest robo-advisors) and Volatility and Risk Institute at NYU Stern (VRI). Petter is also on the Board of Directors of the International Association for Quantitative Finance (IAQF) and Scientific Advisory Board Member of Artificial Intelligence Finance Institute (AIFI).


As a consultant and expert witness, Petter provides services in areas including alternative data, data science, econometrics, forecasting models, high-frequency trading, machine learning, portfolio optimization with transaction costs and taxes, quantitative and systematic trading, risk management, robo-advisory, smart beta strategies, tax-aware investing, and transaction costs.



Big Data Analytics: structuring a steady flow of information to optimize risk/reward

09:45 - 10:30

  • Data storage and connectivity
  • Data cleaning
  • Modeling outputs
Andrew Chin

Chief Risk Officer and Head of Quantitative Research


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.

Peter Cotton

Senior vice president, chief data scientist

Intech Investment Management

Chief Data Scientist at Intech Investments and the developer of numerous Python packages. Previously headed J.P. Morgan's crowd-soucring, privacy-preserving computation, and algorithmic trading efforts in credit markets. He co-founded Benchmark Solutions, an enterprise data company sold to Bloomberg in 2012. Headed correlation analytics for Morgan Stanley. Phd in Mathematics, Stanford 2001.

Norman Niemer

Chief data scientist


Norman Niemer is the Chief Data Scientist within UBS Asset Management's Quant & Data Science (QED) team where he delivers data-driven investment insights. He is also responsible for both the business as well as technical aspects of multiple innovation projects that augment human decision makers with machine intelligence. Prior to UBS Asset Management, Norman led the data science efforts at UBS O'Connor, worked as an investment analyst at Caxton Associates and Morgan Stanley and even founded a tech company in high school. Outside of investment management, he has led teams that built data- and AI-based products that won several high profile hackathons including Techcrunch NY, Fintech NY and Mastercard Masters of Code NY. He holds a MS Financial Engineering from Columbia University and a BS in Banking and Finance from Cass Business School (London).

Jay Wolstenholme

Research director


Having joined Chartis in July 2020, Jay’s primary focus is to lead and build-out our offerings for the buy-side, both in asset management and wealth management. Buy-side is a focused area of Chartis’s expansion and we are delighted to have Jay leading this area which is increasingly important for both our clients and the industry in general. Jay was most recently a Senior Principal at Finastra. Prior to this he spent 4 years as a Senior Analyst at Celent, 4 years as the Director of Capital Markets at HP, 5 years as a Research Director at Gartner and his first 8 years in industry as a Group Manager in fixed income IT at UBS.

Jay holds a BFA from Cooper Union, a BA from Saint Lawrence University and an MBA in Finance from NYU Stern School of Business. Additionally, Jay is Series 7 certified with FINRA.


Morning break

10:20 - 11:00


Advances in Alternative Data Technology

10:45 - 11:15

Alternative data in finance is an umbrella term for diverse non-traditional datasets used by quantitative and fundamental institutional investors to enhance portfolio returns. As a new field, the use of alternative data is hampered by technical challenges including entity mapping, panel stabilization, and debiasing. In this talk, we will review these technical challenges and provide an overview of the best-in-class solutions for implementing alternative data into an investment process. 

Gene Ekster

Adjunct Professor


Gene Ekster is an adjunct professor at NYU, where he teaches a course on alternative data in finance. He is also the CEO of AltDG, an alternative data software company. Previously, he managed the alternative data team at Point72 Asset Management and worked in alternative-data roles at Balyasny Asset Management, Lone Pine, 1010 Data, and Majestic Research. Gene is a board member of IDSO (a compliance organization), Eagle Alpha, Ottoquant, and Super Signal Capital. He holds a degree in Artificial Intelligence from U.C. Berkeley, an MBA from Cornell University, and is a CFA charter holder.


Fintech Pitches

11:30 - 12:30

Three pre-selected Fintech companies will have a chance to present in front of a panel of judges.  Each company will have fifteen minutes to present and then the panel will have five minutes to ask questions.  At the end of all the presentations, the panel will provide feedback and closing comments.

Panos Skliamis

CEO & founder

SPIN Analytics

Panos Skliamis is the CEO of SPIN Analytics, an Explainable AI-driven Automation in Regulatory Credit Risk Modelling for financial institutions. SPIN Analytics is based in London, with offices in NY, and is currently expanding in the US and APAC. Panos is leading the corporate expansion of SPIN Analytics globally, and he has managed to earn SPIN Analytics international acclaim and distinction in the most prestigious FinTech & RegTech competitions. He has broken into the global banking market with the support of an experienced team of seasoned professionals, data scientists and software developers. He holds a BSc in Financial Economics, an MA in Investment Management and has executive education on M&A from Harvard Business School.

Omri Shtayer

Co-founder and CEO


Omri is the chief executive officer of Lagoon. He co-founded Lagoon in May 2020. Lagoon empowers investors to make better investment decisions by harnessing the power of data. Tested on global hedge funds, private equity, data aggregators and market makers who use Lagoon to generate insights for their investments. 

Lagoon is taking the human-first approach to decision intelligence, by providing access and the abilities of the biggest players in the market - for everyone. Lagoon believes that everyone should be able to harness the power of data and generate unique insights, without writing any code and the highest quality data.

Prior to Lagoon, Omri served as a major in the Israeli Air force, flying F-16I and in charge of a joint forces air command cell. Specialized in cross-organizational projects and missions, coordinating between large teams with various goals and objectives. Omri created decision-making tools that allowed him to strategically make better decisions in real-time, plan his missions faster and remove obstacles for mission-critical communications.

Sayee Srinivasan

Chief economist & head of research

American Bankers Association

Martha Cummings

Independent director


Martha Cummings is an independent board director and global leader with extensive financial services expertise including FinTech, regulatory supervision, risk management, investment banking, and business transformation.

Martha is an independent director on the board of Marqeta, Inc, a Nasdaq listed leader in modern card issuing. Martha is a member of the Advisory Boards of Quantexa and Eigen Technologies.  Martha has over 30 years of financial services experience including executive roles at Wells Fargo, Santander, and the Federal Reserve, where she was the senior supervisor for several G-SIFIs.

Martha holds an MBA from the Wharton School and an MA in International Studies from the Joseph H. Lauder Institute of Management & International Studies, and earned a BA in Economics with a minor in Spanish from the University of Minnesota. She speaks fluent Spanish and Portuguese.

Tat Sang Fung

Global head of risk model methodology


For 25 years Tat has been contributing in Treasury and Capital Markets quant and mathematical finance space. He is currently the Global Head of Risk Model Methodology at Jefferies, and was a senior principal and senior manager for  many years in the financial technology space.Tat holds a Ph.D from Columbia mathematics department and currently an adjunct professor at Columbia University, inspiring the next generation since 2006.


Lunch break

12:20 - 13:00


AI and Model Risk: applying traditional risk principles and applying them to new techniques

13:15 - 14:00

  • Explainability – understanding new models and how they operate
  • Looking back – how do you maintain a functioning AI system that uses historical data during a tail risk event?
  • Fair design – developing AI risk models that are not heavily influenced by bias
Ben Steiner

Adjunct lecturer

Columbia University

Sri Krishnamurthy



Sri Krishnamurthy, CFA, is the founder of QuantUniversity, a data and quantitative analysis company, and the creator of the Machine Learning for Model Risk Management Certificate program. He has more than 20 years of experience in analytics, quantitative analysis, statistical modeling, and designing large-scale applications. He has also consulted with many organizations in establishing model governance practices. Previously, Mr. Krishnamurthy has worked for Citigroup, Endeca, and MathWorks and has consulted with more than 25 customers in the financial services and energy industries. He has trained more than 1,000 students in quantitative methods, analytics, and big data in the industry and at Babson College, Northeastern University, and Hult International Business School, many of whom work in data science roles at financial services firms. 

Mr. Krishnamurthy earned an MS in computer systems engineering and an MS in computer science from Northeastern University and an MBA with a focus on investments from Babson College. Sri serves on the QWAFAFEW steerage committee and is a reviewer for the Journal of Asset Management.

Max Gokhman



Andrei Modoran

Senior data scientist

Rotella Capital Management

Dr. Andrei Modoran works as a Senior Data Scientist for Rotella Capital Management since 2016. His approach in developing trading strategies is based on taming recent advances in the AI techniques to make them amenable to financial data. He is fond of using the Bayesian paradigm for controlling the overfitting of neural networks-based techniques. He is involved as well in the NLP program that is positioned as an intermediate step between the deluge of information from the print media and the systematic trader.

Dr. Modoran is an alumnus of Intellectual Ventures where he modeled IP portfolios, dinosaur tails supersonic movement, and asteroid radiation. He was also involved with the graphing and modeling part of the Modernist Cuisine project. For several months he was part of a collaboration with Bill and Melinda Gates Foundation.

Dr. Modoran holds a Master of Science in Physics from the University of Bucharest, a PhD and an MBA from The Ohio State University. His interests include Christian Orthodox theology and the kettlebell sport.

Steve Marlin

Staff writer


Next-gen Stress Testing: how to further enhance the modeling of black swan events

14:15 - 15:00

  • ML impact – leveraging innovative technologies for greater accuracy
Jun Yuan

Managing director

RBC Capital Markets

Dr. Jun Yuan is currently a Managing Director and Head of CCAR Stress Testing Methodology at Global Risk Analytics with Royal Bank of Canada (RBC), while serving as Adjunct Professor at the University of Toronto Rotman School of Management.
At RBC, Dr. Yuan is mainly responsible for leading the development, implementation and monitoring of risk models for market risk, counterparty credit risk and CCAR stress testing. He is a pioneer in applying machine learning and artificial intelligence techniques in financial innovation and risk management in capital markets.
At Rotman, Dr. Yuan acts as an expert on the financial industry and collaborates with Rotman professors on research. He is an Advisory Board member of the FinHub and Master of Financial Risk Management (MFRM) Program.

Stephen Boras

Executive vice president, head of risk architecture

Citizens Bank

Piero Monteverde

Assistant chief model risk officer

Capital One

Piero joined Capital One in 2011 to lead one of the first full-time Model Validation teams at the company. He currently serves as Assistant Chief Model Risk Officer within the Enterprise Model Risk, Analytics and Data organization. His group is responsible for the validation of models related to stress testing, finance, and loss forecasting. He is also responsible for the Model Risk Office Governance, Project and Process Management teams.

Piero has more than 22 years of experience in the financial industry and has spent the past 17 years as a manager of market, model, and valuation risk for large financial institutions, such as Bank of America / Countrywide, Ally Financial, and Barclays Capital, prior to joining Capital One. Piero obtained a bachelor’s degree from Universidad del Pacifico (Lima, Peru), and he has a master’s degree and Ph.D. ABD in Economics from University of Miami.

He lives in Northern Virginia with his wife.

Daniel Moore

Executive advisor


Daniel Moore is an accomplished senior executive and currently an Executive Advisor at Scotiabank.

In his prior role, Daniel was the Group Head and Chief Risk Officer for Scotiabank, he was 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 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.


Quantum Computing Applications in Finance

15:15 - 15:45

Nikitas Stamatopoulos

Vice president - quantum computing R&D

Goldman Sachs

Nikitas Stamatopoulos is a Vice President in the R&D Engineering Division at Goldman Sachs, with research focus on algorithmic development and application of quantum computing in finance. Prior to his current role, he was a quantitative researcher at JPMorgan Chase for 7 years, focusing on HPC solutions for quantitative problems in derivative pricing and portfolio optimization, and from 2018 to 2020 leading the investment bank’s research in quantum computing. He holds a PhD in Physics from Dartmouth College with focus in Field Theory and Cosmology.