Day 2 (Please note this is the 2023 agenda*) - GMT (Greenwich Mean Time, GMTZ)
Day 2 (Please note this is the 2023 agenda*) - GMT (Greenwich Mean Time, GMTZ)
RiskMinds Arora Ballroom
- Anselmo Marmonti - Director, Risk Business Consulting & Solutions Risk Research and Quantitative Solutions, SAS
- Ros Atkins - Analysis Editor, Broadcaster
What does this mean for the global risk arena?
How are we building resilience and protecting reputation following the collapse of SVB and Credit Suisse?
- Matteo Coppola - Global Practice Area Leader – Risk & Compliance, BCG
- Olivier Vigneron - Group Chief Risk Officer, Deutsche Bank
- Keiran Foad - Group Chief Risk Officer, NatWest Group and NatWest Holdings
- Ljiljana Čortan - Group Chief Risk Officer and Member of the Executive Board, ING
- Jean-François Bureau - Senior Vice President and Chief Financial and Risk Officer, PSP Investments
- Zoe Wimborne - Chief Risk Officer EMEA, Citi
Onboarding and offboarding principles
What are the risks in taking on certain client types?
- Is debanking a form of derisking that is going to be acceptable?How to manage your customer risk appetite
Risk in the decision-making processes and what does reputational risk look like going forward?
Global regulations around risk - AUSTRAC guidance/ FCA guidance and what is next?
- Ben Luddington - Director, Forensics Services, PwC
- Zeynep Turunc - Partner, Financial Crime, PwC
- Nicholas Long - Deputy Global Head of Controls Testing & Assurance, Deutsche Bank
- Sihem Mouelhi - Strategic Risk and Transformation Lead, Citi
- IRRBB and NII navigating challenges between regulations and profitability in evolving markets
- How to optimise liquidity and capital for multiple scenarios
- Deposit modeling: a new life combining traditional and ML techniques
- Impacts and constraints from recent and next changes in regulations (FRTB, SOT NII, Basel 4)
stem: key implementation processes for success
- Martim Rocha - Director and Global Head of Risk Banking Solutions Risk Research and Quantitative Solutions, SAS
- Pietro Virgili - Executive Director – Head of Market and Financial Risk Management, Intesa Sanpaolo
- Roland Kilmesch - Head of group liquidity and market risk management, Erste Group
- Don van Deventer - Managing Director, Risk Research, and Quantitative Solutions, SAS
- Abraham Izquierdo - FRM Managing Director Traded & Treasury Risks, Grupo Financiero Banorte
In today’s data driven financial landscape, the importance of quantitative models has never been greater. From traditional valuation models and numerical simulations to the advent of artificial intelligence (AI) and machine learning (ML) tools and generative AI the need for robust governance and control of algorithmic infrastructure is crucially important. The traditional validation and oversight of models and model risk management (MRM) is not sufficient. In an AI/ML and digital first world, the MRM process must be automated and industrialized. In this panel, we will discuss ways in which the MRM has had to change and how it is expected to evolve given the increased use of AI and ML models.
- How are model validation processes changing, and what new tools and methods are being introduced?
- Are different skills needed in MRM teams?
- In what areas of the firm are AI and ML models being deployed?
- How are model risk reporting and monitoring metrics changing?
- Thomas Day - Managing Partner, BFSI Risk and Compliance Unit, Tata Consultancy Services
- William Hahn - Partner, Tata Consultancy Services
- Esperanza Cerdan - Chief Risk Officer, IFM Investors
- Gilles Artaud - Head of Model Risk Audit, Crédit Agricole
- Tanveer Bhatti - Head of Model Risk Management, Revolut
- Steve Lindo - Course Designer & Instructor, Financial Risk Management, Columbia University
Please note Limited space for boardroom discussions: First- come first-served! Chatham House Rules
- Steve Lindo - Course Designer & Instructor, Financial Risk Management, Columbia University
Please note Limited space for boardroom discussions: First- come first-served! Chatham House Rules
- Nino Gordeladze-O’Brien CA, SCR - Former Head of Enterprise Risk Management/Deputy CRO, ERM, Bank of Georgia
Please note Limited space for boardroom discussions: First- come first-served! Chatham House Rules
- why banks struggle to achieve profitability in SME lending?
- how to leverage on the latest technology to build an effective risk engine and confidently increase automation?
- reimagining portfolio management and EWI to address the recent challenges in the credit cycle
- what role can AI play in the SME credit risk assessment?
- Gabriele Sabato - CEO and co-founder, Wiserfunding Limited
- Bonnie Frank - Managing Director and Head of Private Investment and Enterprise Risk, PSP Investments
- Julie Sherratt - Managing Director, Head of Business Governance & Portfolio Oversight, TD Asset Management
- David Silverman - Author, Senior Executive, Independent
- Katja Rieger - Founder, Rippleeffect and Board Member, Swiss Re Insurance-Linked Investment Management
- Michael Plumbridge - Managing Director, Head of Regulatory Compliance, ICBC Standard Bank
- Celia Lambert - Head of Sustainable Finance/ESG Compliance, Crédit Agricole CIB
Preventing problems better by managing behavioural risk! The upcoming field of behavioural risk management is introduced, illustrated by cases from deploying this expertise in the financial services sector. A structured 3-step approach to managing behavioural risk will be presented, as well as key principles and success factors.
- Wieke Scholten - Behavioural Risk specialist, BR Insights
Examining the increase in KYC and AML lapses across banking.
What is the role of the CRO in driving streamlining organisation change in Fincrime?
What processes are in place across both the compliance and risk function to manage this threat more effectively?
- Elena Elia - EMEA Senior Counsel, Financial Crimes, Wells Fargo
- Thomas Dodd - Group Chief Compliance Officer and MLRO, FIMBank plc
- Winnie Sham - Financial Crimes Training Programme Officer for Europe, the Middle East and Africa region (EMEA), MUFG Bank
Arora 2&5
- Kris Ramana - Associate Partner, McKinsey & Company
- Torsten Wegner - Expert Associate Partner, McKinsey & Company
Arora 3&6
- Nino Gordeladze-O’Brien CA, SCR - Former Head of Enterprise Risk Management/Deputy CRO, ERM, Bank of Georgia
Arora 4
- Charles Richard III - Senior Vice President & Co-founder, QRM Inc.
Arora 7
- Jon Hill - Professor of Model Risk Management, Dept. of Financial Risk Engineering, NYU-Tandon
Since the year 2000, banks have been fined almost a third of a trillion dollars. Yet, every year billions more are imposed. Why? This talk examines the challenges in managing compliance risk, and puts forth proposals to make compliance more effective.
- David Silverman - Author, Senior Executive, Independent
- Catarina Souza - Head of Division, Model Development and Review, Model Risk Management, Bank of England
Architectural Insight:
- Unveil interconnected layers: engagement, data integration, risk assessment, decisions, compliance.
- Harness real-time insights for efficiency and precise risk control.
Transition Strategies:
- Navigate automation journey: pilot to full-scale adoption.
- Foster cross-functional collaboration for seamless transitions.
- Ensure data integrity through effective governance.
Experience Lessons:
- Guide teams through automation adoption and change management.
- Adapt to evolving risks and technology for continual improvement.
Intesa Case Study:
- See architecture in action – reshaping customer interactions and risk management.
- Real-world insights from actual integration implementations.
- Achieving continuous refinement: adapting strategies to evolving risks and technology.
- Andrea Allega - VP, Financial Engineering, Numerix
- Francesco Messeri - Senior Model Developer, Risk Management IMI CIB, Intesa Sanpaolo
- Alberto Ferraroni - Senior Specialist XVA Pricing and Analysis, Risk Management IMI CIB, Intesa Sanpaolo
- Data Governance Framework and its importance for Internal Models
- Data Quality Controls on Credit Risk Models
- ML/AI supporting Internal Validation and Data Quality Controls
- Rita Gnutti - Executive Director Internal Validation and Controls, Group Chief Risk Officer Area, Intesa Sanpaolo
- Why is climate risk important to banks – internal and external drivers
- Approaches to climate risk management in decision making
- Credit decisioning
- Pricing and Capital allocation
- Financial planning
- Looking ahead
- Alessandra Mongiardino - MD, Director of Financial & Strategic Risk, NatWest Group
- Jorge Sobehart - Managing Director, Quantitative Risk and Stress Testing, Citigroup
What steps are risk managers making to mitigate this risk?
- Jason Forrester - Global Head ERM & Deputy CRO SC Bank, Standard Chartered Bank
- Sarah Rickard - Head of ESG Risk and Reputational Risk, HSBC UK
- Mohammed Hamad - Chief Risk Officer, Qatar International Islamic Bank
- Konstantina Armata - Global Head of Enterprise Stress Testing and Risk Analytics, Citi
- James Belmont - Climate Risk Lead, Baringa Partners
In this session we will analyze the implications of Basel IV on risk management practices and provide insights on how financial institutions can better manage their implementation.
- Xavier Dubois - Director, Risk & Finance, Wolters Kluwer
Best practice methodologies
- Suresh Sankaran - Head of Model Risk Governance, Metro Bank (UK)
- Recent macro-economic events and monetary policy evolution have drastically changed the trend (and importance) of liquidity, a scarcer and more expensive resource for banks.
- Amongst all sources of funding and liquidity, deposits have become the #1 priority for most banks, given their volatility and importance in the B/S
- Managing commercially (and the associated risks) deposits, and the interlink with ALM planning, will be key to maintain a sound liquidity profile.
- Javier Martinez Arroyo - Partner, Paris, McKinsey & Company
- Mario Nargi - Associate Partner, McKinsey & Company
Presentation of the second annual survey on Cloud in Financial Services by Vishwas Khanna, Partner, Avantage Reply
Panel Discussion on CRO Implications
Ian Haynes, Senior Advisor, Avantage Reply (former Global Head of Cloud Services at HSBC)
- Vishwas Khanna - Partner, Avantage Reply
- Ian Haynes - Senior Advisor, Avantage Reply
- Leo James - Head of Technology Risk Oversight - Natwest Digital X & Functions, Group Non-Financial Risk, Natwest Group
- Rosie Carr - Head of Engineering, Holland & Barrett
- Stéphane Rio - CEO & Founder, Opensee
- Michele Marzano - Global Head of Corporate Treasury & Finance Risk, HSBC
Since the year 2000, banks have been fined almost a third of a trillion dollars. Yet, every year billions more are imposed. Why? This talk examines the challenges in managing compliance risk, and puts forth proposals to make compliance more effective.
- David Silverman - Author, Senior Executive, Independent
Assessing the first and second line of defence and the complexity of who owns what risk?
Communication escalation and what frictions do we need to overcome in supporting each other to mitigate risk?
- Bernhard Gehra - Managing Director & Senior Partner, Global Non Financial Risk and Compliance Lead, BCG
- Laura Padovani - Chief Compliance Officer, Deutsche Bank
- Satnam Lehal - Senior Advisor, Danske Bank
- Aryasomayajula Sekhar - CRO EMEA, Morgan Stanley
- Mike Silva - Former Chief Compliance Officer for Americas, UBS
- Mark Kandborg - Group Chief Risk Officer, Nordea
How can the compliance function demonstrate the business is a people centred, culture focused, responsible and ethically oriented organisation?
- Sean McHugh - Former Global Chief Compliance Officer, Citadel
- Nita Patel - Chief Compliance Officer, Credit Suisse, A UBS Group Company
- Linkage with data governance and enterprise workflows
- Test-driven development of models according to standards
- Template-driven validation and automated monitoring
- Paul Peeling - Principal Model Risk Management Consultant, MathWorks
Would AI lead to a paradigm shift?
- Fares Triki - Head of Model Risk Management, MUFG EMEA
- Marco Stella - Senior Partner, Prometeia
- Secil Arslan - Associate Partner, Head of Data Science International Business, Prometeia
- Antonios Kastanas - Senior Director - Strategist, Moody's Analytics
- Nick Stansbury - Head of Climate Solutions, Legal & General Investment Management
- Diana Kapsa - Head Corporate Credit Risk Models, UBS
An Overview of the FRTB
- Sara Saab - Supervisory Financial Analyst, Federal Reserve Board
- How to comply with both UK and European regulators, and prepare for the upcoming US rules?
- What are the benefits of a consolidated platform across jurisdictions and solutions
- Any implications from a risk analytics calculation perspective?
- Possible action plans to surf this new regulatory wave?
- Richard Moss - Global Head of Risk Strategy, Adenza
- Katherine Wolicki - Global Head of Financial and Model Risk Regulatory Policy and Engagement, HSBC
- Adolfo Montoro - Director, Global Market Risk Analytics, Bank of America
How can banks best quantify new, unknown risks and judge how much capital to set aside for them?
- Jon Hill - Professor of Model Risk Management, Dept. of Financial Risk Engineering, NYU-Tandon
- Steve Lindo - Course Designer & Instructor, Financial Risk Management, Columbia University
- Andrea Pozzi - Head of Non-Financial Risk Management, Santander
Using Futures thinking to identify emerging risks from the use of AI such as ChatGPT
How will ChatGPT impact the management of Non-Financial Risk and how will we need to adapt?
- Andrea Pozzi - Head of Non-Financial Risk Management, Santander
- Juan Francisco García Cascales - Country Head, Management Solutions UK
Exploring the Financial Conduct Authority’s previous approach to non-financial misconduct and its new proposals in the current Consultations.
Do we have more clarity now? What impact do the proposals have on your business?
- Elena Elia - EMEA Senior Counsel, Financial Crimes, Wells Fargo
Exploring the cloud, AI, internet of things and the regulatory landscape
- Bert Verdoodt - Head of Regulatory Affairs, Data Protection & Sustainability Compliance, Danske Bank
- David Silverman - Author, Senior Executive, Independent
- Matt Cumbers - Director of Risk and Compliance, Cushon
- Philip Best - Chief Risk Officer and Group Head of Compliance, Evelyn Partners
- Emily Marshall - Head of Compliance & MLRO, Atlantic Money
1.Feedback on the MRM supervisory statement (PRA SS1/23) in terms of preparation and implementation.
2.Governance for data driven strategies and qualitative decisions.
3.Role of AI in model risk management and further managing risk associated with ML and AI.
4.Efficient MRM driven by toolsets and technology interventions.
- Manish Dureja - Vice President, Banking Analytics, EXL Service
- Nidhi Agarwal - Head of Model Risk, Virgin Money
- Andy Weller - Director Model Risk, Lloyds Banking Group
- Dheeraj Awasthy - Global Head of Analytics and Innovation, HSBC
- From model risk management to AI assurance
- Regulatory initiatives across the globe
- Best practices for AI risk management
- Technology landscape
- Dealing with generative AI
- Jos Gheerardyn - CEO and Co-founder, Yields.io
- Kris Ramana - Associate Partner, McKinsey & Company
- Torsten Wegner - Expert Associate Partner, McKinsey & Company
Assessing key performance indicators and what risk managers need to act on
- Jorge Sobrón - Head of Risk & Compliance, Twinco Capital
- Ricardo Herradón - Origination Manager, Twinco Capital
- Lindsey Matthews - Chief Risk Officer, USS Ltd
- Nino Gordeladze-O’Brien CA, SCR - Former Head of Enterprise Risk Management/Deputy CRO, ERM, Bank of Georgia
- Henry Lin - Co-Lead, EMEA Client Management Team, Quantitative Risk Management, Inc.
- Imran Mahmood - Senior Consultant, QRM
Oliver Wyman's innovative tool scans news sources, pinpointing events and themes that may signal a potential credit downgrade. This tool has already proven its worth, substantially reducing operating costs and minimizing credit losses for several clients. To instill confidence in our clients and streamline the validation process, we've introduced an automated validation report, aligning with industry best practices. During this session, we'll not only delve into best practices but also take a detailed look at the automated report, providing you with a comprehensive understanding of our approach.
- Ian Shipley - Partner, Oliver Wyman
- Dr Rainer Glaser - Partner, Oliver Wyman
- Charles Richard III - Senior Vice President & Co-founder, QRM Inc.
ISDA’s in-house Perun technology leverages existing ISDA standards such as CRIF and enables accurate, automated analysis of complex FRTB-SA risk and capital data, enabling banks and regulators to properly understand the drivers of any divergence in FRTB-SA capital requirements. Used by banks and regulators, it automates data consumption and quality check for a large number of portfolios, participating banks and FRTB-SA rulesets.
- Olivier Miart - Co-Head of Digital Transformation, ISDA
- Jon Hill - Professor of Model Risk Management, Dept. of Financial Risk Engineering, NYU-Tandon
How do these requirements differ across jurisdictions?
How are we tracking? What impact has this had on reporting lines and level of visibility across the business?
- Sabine Dittrich - Head EU, Financial Regulation, Slaughter and May
Arora 2&5
Since the financial crisis in 2008, financial institutions have increasingly acknowledged that behaviour and culture can be a root cause of problems affecting performance and integrity. Getting culture and behaviour right is vital for a bank's performance and meeting customer and societal expectations.
Mirea Raaijmakers has extensive experience with applying behavioural science in a banking environment. She has built and led dedicated capabilities focused on behavioural risk at the Dutch Central Bank and ING. At ING she was Global Head of Behavioural Risk Management and co-responsible for the bankwide Risk Culture program. In this capacity she has worked intensively with the executive board and senior leaders to drive sound risk culture. One of her basic assumptions is that leaders have to create the conditions for their people to behave in the desired ways.
In this workshop she will share basic behavioural scientific assumptions that drive her approach to impact leadership behaviour as well as vivid examples coming from her extensive experience.
- Mirea Raaijmakers - Behavioural Risk, change and capability builder, VU School of Business and Economics and Global Independant Advisor
Arora 3&6
Analysis of the preventable Boeing 737 MAX 8 aircraft tragedies
A Case Study of the twin Boeing 737 MAX 8 Airliner Disasters Caused by an Unmitigated Concentration of Model Risk
The 737 MAX 8 tragedies were initiated by several critical airframe design choices driven by cost-cutting and rush-to-production expedients
Followed by:
- A decision to repurpose flight control software (MCAS) originally developed to stabilize military tanker jets for use on a civilian airliner
- A decision to insert a single point of failure into the critical flight control system of the 737 MAX 8 to reduce regulatory scrutiny
- A decision to allow multiple last-minute changes to the MCAS software without testing or consideration of the ripple effects of the changes
- A decision to give MCAS the unprecedented authority to seize control of the aircraft away from pilots
- A decision to conceal existence of the twice-modified MCAS from the FAA, airlines and pilots
- A failure to perform independent stress and worst-case scenario testing that should have identified the dangerous flight control flaws
The tragic result of the above was the creation of an extreme concentration of model risk onto a single, easily damaged external sensor
Resulting in two terrifying crashes and the loss of 346 lives.
A brief review of how the tragedy might have been avoided if Boeing had borrowed a few pages from the foundational Financial Handbook of Model Risk Management known as SR11-7/OCC2011-12
How many non-financial industries could benefit from the painful lessons in model risk mismanagement learned by banks from the 2008 global crisis
- Jon Hill - Professor of Model Risk Management, Dept. of Financial Risk Engineering, NYU-Tandon
- Nick Silitch - Retired, Senior Vice President and Chief Risk Officer, Prudential Financial
- Peter Bannister - Senior risk, compliance, and transformation executive, Mova
Arora 1&11
Arora Foyer
- Anand Thirunellai Radhakrishnan (MA) - Sr Director, Industry Practice Lead, Moody's Analytics
- Rita Gnutti - Executive Director Internal Validation and Controls, Group Chief Risk Officer Area, Intesa Sanpaolo
- Nathalie Fradin Depauw - Chief Risk Officer France, NEUFLIZE OBC ABN AMRO