Main conference, Program Day Two, March 27th

 

GO TO DAY ONE

8:00 Registration and breakfast
8:50 Welcome address: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION 
9:00
 Keynote address: OCC's update and supervisory guidance initiatives designed to improve risk governance frameworks
• Lessons learnt across banking industry
• Link to current industry risk themes
Carolyn G. DuChene, Deputy Comptroller for Operational Risk, OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC)
 9:40  PANEL DISCUSSION: Integrating oprisk into your ERM framework
• Role of operational risk in ERM
• Combining oprisk silos of capital and self-assessment into an integrated framework
• How to integrate ERM and compliance functions
• Implementing stronger controls
• Boundaries with credit risk and how to allocate losses
• How to communicate oprisk appetite across the company
Richard Bartholomew, Chief Risk Officer, NORTHERN TRUST ASSET MANAGEMENT
John G. Ginelli, Head of Risk, Retail Division, VANGUARD
Michael Herskovitz, Senior Vice President & Partner-Fixed Income Risk Operations and Technology/Enterprise Operational Risk Management, ALLIANCEBERNSTEIN
David Ridgway, Head of Risk, North America, BNY MELLON ASSET MANAGEMENT
10:20 Morning coffee break
  Stream one: Next-generation modeling for operational risk  Stream two: Advanced oprisk management  Stream three: Alternative views on how to manage operational risk 
11:00
Chairman's opening remarks: Chairman's opening remarks: Chairman's opening remarks:
11:10 Loss Distribution Approach for operational risk: Australian experience
.
Pavel V. Shevchenko, Senior Principal Research Scientist - CSIRO Mathematics, Informatics and Statistics Adjunct Professor - School of Mathematics and Statistics, THE UNIVERSITY OF NEW SOUTH WALES, School of Mathematical Sciences UTS Honorary Senior Research Associate - Department of Statistical Science, UNIVERSITY COLLEGE LONDON
Integration of OpRisk instruments with day to day management
• Effective reporting of operational risks
• Linking operational risk with fraud and compliance risk management
• Linking operational risk with credit risk management
Günther Helbok, Managing Director, Head of Operational & Reputational Risk, Head of Credit Risk Validation & Assessments, UNICREDIT BANK AUSTRIA
PANEL DISCUSSION: Addressing the war on talent and the challenges related to human capital risk given tight candidate supply across the back, middle, and front offices.
• Dynamics and impact of the regulatory changes pushing talent out of banks and into smaller firms and alternative vehicles such as hedge funds and private equity
• Effective employee retention strategies in dynamic and structurally iterative high growth sectors (like Risk, Ops, and Compliance)
• Evolving compensation metrics and the competitive landscape within the Risk and Operations arena
• Identifying and qualifying a high quality, sustainable, and scalable Risk/Ops candidate source pool and pipeline
• Wall Street's challenge to attract talent under Dodd-Frank, CCAR (Comprehensive Capital Analysis and Review) etc.
Marcelo Cruz, Adjunct Professor, Leonard N. Stern School of Business, Kaufman Management Center, NEW YORK UNIVERSITY
Doug Hanslip, Managing Director, North American Head of Financial Services, ALLEGIS PARTNERS
Ken Heydt, Executive Director, Recruitment Process Outsourcing, ALLEGIS GROUP SERVICES
Dimitri Mastracola, Partner, GC and Legal Practice, Financial Services, MAJOR LINDSEY & AFRICA
Kevin Phelps, Vice President, Financial Services Practice, TEK SYSTEMS
11:50 AMA benchmarks developed by the AMA BQT
• Aim to provide comparability between banks
• Used within the Federal Reserve to inform the assessment of operational risk capital adequacy
• Historical Simulation
• Ratios to Balance Sheet and Income Statement Variables
Marco Migueis, Economist, Department of Banking Supervision and Regulation, Board of Governors of the Federal System, Member of the AMA BQT, Co-chair of the WGOR Benchmarking work stream

Identifying and selecting effective indicators
• The desirable characteristics of an effective KRI
• How many indicators are enough
• Top down vs. bottom up approaches to selecting appropriate KRIs
Speaker to be confirmed
The operational risk of an energy company through the lens of a bank regulatory framework
• Risk assessment processes
• Risk quantification
• Risk appetite and culture
• Examples of how the above three concepts are used at energy company
Jonathan Stein, Chief Risk Officer, HESS CORPORATION
12:30
Lunch
1:30
Managing operational risk using the same standards as market and credit risks
• Big data: developing a robust business control environment database
• Finding relationships between internal controls and operational losses
• Using operational VaR and economic capital for decision making
• CCAR and stress test: establishing relationship between macroeconomic factors and Oprisk
Marcelo Cruz, Adjunct Professor, Leonard N. Stern School of Business, Kaufman Management Center, NEW YORK UNIVERSITY
Panel discussion: Next big horizon for operational risk
• Will the current tools and approaches prevent the next financial crisis?
• Will Operational Risk organization ever be on equal par with Credit/Market Risk
• Will Operational risk management weather the next crisis or become
• Risk assessments/operational risk value proposition for the next level
Jim Gialamas, Head of Operational Risk Management, RBS AMERICAS
Ann Rodriguez, Enterprise & Operational Risk Leader, GE CAPITAL
Craig R. Spielmann, Managing Director, Global Head of Operational Risk Systems & Analytics, RBS
Statistical risks and the control of regulation and its compliance
• Regulation and compliance complexity risks
• Strategic statistical regulation and compliance
Charles S. Tapiero, Topfer Chair Distinguished Professor of Financial Engineering And Technology Management Chair, Department of Finance and Risk Engineering, Co-Editor in Chief, Risk and Decision Analysis, NEW YORK UNIVERSITY SCHOOL OF ENGINEERING
 
 2:10 The power of KRIs in operational risk management: A quantitative view
• Digging for KRIs - the identification of the signal amid the noise via signal analysis
• Uncovering relationships between KRIs and internal loss data
• Modeling KRIs and loss data using Generalized Linear Models and Regression
• Applications to stress-testing
Louis Mello, Director of Quantitative Analysis (Op Risk), Enterprise Risk Management, E*TRADE FINANCIAL
Lessons learned from an operational risk manager
• Key attributes for a robust process
• Governance of data
• Balancing trade-offs between risk mitigation options
• Risk reporting via a heat map
Speaker to be confirmed
Insider threats: KRI's and pragmatic ORM
• Current state of financial services firms today, compliance fatigue and competing priorities/stressors
• Insider threat - it's importance, consequences and potential direction
• Illustration - insider threat & KRI case study appears on the food network
• A pragmatic approach to integrate the insider threats of information or economic crime into your risk framework with KRI's
• How to avoid the "Technology Spend" solution
• You've found a potential insider threat, what next?
Joshua A. Kotok, Senior Examiner, Division of, Enterprise Regulation, Office of Operational Risk, FEDERAL HOUSING FINANCE AGENCY
2:50
Afternoon coffee break  
3:10
PANEL DISCUSSION: Adapting credit and market risk techniques to oprisk
• Models suitable for oprisk
• When credit and market risk models cannot be used
• New practices and their effectiveness
• Bridging the gap between credit and operational risk management
• Pricing oprisk based on credit risk models
Marcelo Cruz, Adjunct Professor, Leonard N. Stern School of Business, Kaufman Management Center, NEW YORK UNIVERSITY
Craig R. Spielmann, Managing Director, Global Head of Operational Risk Systems & Analytics, RBS
Duncan J. Wilson, Managing Director, Head of Operational Risk and Internal Control, HSBC
Further speaker to be confirmed 
 4:00  PANEL DISCUSSION: How can you add value to the business?
• Defining the role of operational risk in the three lines of defense model
• Choosing the right people for the job
• Considering the Business needs
• Teasing out the value add in the suite of requirements
• Efficiency and control working hand in hand
Gus Felix, Managing Director, Global Head of Operational Risk, CITIGROUP
Lauren Rieder, Global Head of Operational Risk Management, RBS MARKETS
Frank Tsiribis, Vice-President, Corporate Operational Risk Management, BMO FINANCIAL GROUP
Further speaker to be confirmed
 4:50 Closing remarks: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION
 5:00  End of the OpRisk North America conference
 

GO TO DAY ONE

Follow us
Download Brochure
Presentation and Cocktail Sponsor
Co-Sponsors
Associate Sponsor
CPE Accredited
Jan - March 2014 Training Brochure