Agenda

Agenda

2021 Agenda

Cyber Risk Summit

09:0009:10

Opening remarks

09:00 - 09:10

09:1009:50

Cyber Risk Exposure in real world - Giving risk a real-world perspective
Panel discussion

09:10 - 09:50

Join this panel to explore what’s truly impacting banks due to cyber risk, delving into practical takeaways on cyber fraud, data breaches, ransomware attacks and more.

Jayaraj Puthanveedu

MD, cyber & technology risk, global head operational resilience

BNP Paribas

Tom Kartanowicz CISM, CISS

Regional chief information security officer

Commerzbank

Filippo Curti

Financial Economist, Supervision, Regulation and Credit

THE FEDERAL RESERVE BANK OF RICHMOND

<p>Filippo is a financial economist in the Quantitative Supervision and Research (QSR) unit of the Federal Reserve Bank of Richmond. Filippo joined the Richmond Fed in 2014 after earning his doctorate in Finance at the University of Arizona. Prior to moving to the US, Filippo worked one year for Toro Assicurazioni S.p.a. (now Assicurazioni Generali S.p.a.) and obtained his master degree in Actuarial and Statistical Science from the University of Turin. Since he started working for the Richmond Fed he has been heavily involved in Operational Risk as both modeler and examiner.</p>

10:0510:40

Cloud security automation for enterprise risk management
Roundtable

10:00 - 10:40

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10:5011:15

Digital Risk Management
Spotlight

10:50 - 11:15

What do we mean by digital risk management? In this session, we’ll hear how cyber, IT risk, resilience, cloud and third-party topics align within this Digital Risk Management sphere

11:3012:10

Cyber risk quantification: building a coherent view of cyber risk exposures
Roundtable

11:30 - 12:10

Understand how your team can estimate the required capital for cyber exposure, what qualifies as a cyber risk loss, and identify cyber risk scenarios.

12:2013:00

Scenario planning – recovering from a cyber event
Roundtable

12:20 - 13:00

With increasing regulatory and supervisory pressure calling for transparency and visibility, identifying exactly how your firm manages a cyber incident has never been so crucial. Join our roundtable experts for an engaging and practical scenario-based session where two teams will be asked to develop a strategy for how best to deal with and recover from a given cyber incident.

Emerging risk in focus

09:0009:10

Opening remarks

09:00 - 09:10

09:1009:50

Known unknowns: what emerging risks need to be on your radar?
Panel discussion

09:10 - 09:50

Importantly, how are firms defining and articulating what qualifies as an ‘emerging’ risk? Understand how climate risk, new technology, natural disasters, and geopolitical are keeping risk managers on their toes and hear how you can better anticipate and manage the known knowns and the unknown knowns.

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.

Evan Sekeris

Head of model validation

PNC

Evan's background is in the measurement and quantification of credit risk and operational risk.  His primary focus is currently on supporting institutions in building operational risk modeling for stress testing, developing their risk identification process and developing their model risk management frameworks.
Some of his recent client engagements include:
For a foreign global bank, helped them develop a comprehensive operational risk framework for their US based IHC. Ensured both integration of the framework in their international framework as well as US regulatory compliance.
For a large internationally active US bank: supported major change of course in CCAR operational risk stress estimates a few months prior to submission in reaction to regulatory guidance.
For a large regional bank: built their CCAR loss projection model and wrote the documentation for the full CCAR operational risk submission.
For a global bank conducted a validation of their operational risk modeling framework for CCAR
  Prior to joining Oliver Wyman, Evan was the Head of Risk Consulting for Financial Institutions for Aon in Columbia, Maryland. He was in charge of building Aon's risk consulting practice for financial institutions and managed multiple teams based in North America and Europe to deliver services to clients worldwide. Previously, Evan was an Assistant Vice President of the Federal Reserve Bank of Richmond, where he created the center of excellence for operational risk which served the System needs for operational risk related matters. The team was in charge of the supervision of all AMA and CCAR banks in the US and developed the Fed's CCAR model for operational risk.
Evan earned a B.A. and M.A. in Economics from the Université Catholique de Louvain in Belgium. He received an additional M.A. as well as his Ph.D. in Economics from the University of California at Los Angeles.

Ken Radigan

Chief executive officer

PRMIA

Ken has held high-level posts in prominent multinational insurance corporations, and acted as a risk management consultant in the financial industry.  From 2014 to 2015, he served as the Chief Risk Officer (CRO) of the US and Bermuda operations of Aspen, where he developed and administered a risk management framework and headed multiple global functions, including the operational risk department. 

From 1988 to 2014 he held a variety of positions at AIG, ultimately serving as CRO of the Casualty and Global Risk Solutions divisions.  Ken holds a B.A. in Mathematics from the University of Dayton, as well as numerous professional designations, including:  Professional Risk Manager (PRM), Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and Associate in Surplus Lines Insurance (ASLI). 

Ken has also been an active volunteer for PRMIA, holding the following positions: Member of the Board of Directors, Treasurer, Chair of the Finance Committee, Chair of the Ethics Committee and Regional Director of the New York Chapter.
 

10:0010:40

5G and IoT: inspiring new threat actors on the block
Panel discussion

10:00 - 10:40

It’s inarguable that 5G and IoT will revolutionize financial services and merge the way consumers make transactions. But what are the key risks involved with such exciting new technical opportunities?

Join our expert panel as they explore how they are preparing for this new threat landscape, key considerations for security and how infrastructure providers are preparing for the new wave of cyber risk sophistication.

Fred Harris

Head of cybersecurity risk, data risk and technology risk

Société Générale

Mandar Rege

Managing director, operational risk management, technology and cybersecurity

Citi

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

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

 

10:5011:15

Addressing ESG risk
In conversation with...

10:50 - 11:15

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11:3012:10

Model risk governance: care of duty and AI based models explainability
Roundtable

11:30 - 12:10

Mark Schnieder, CAMS

Financial crime specialist

TransferWise

12:2013:00

RCSA automation – how to automatically calculate your RR to reduce risk of errors and RCSA processing time?
Roundtable

12:20 - 13:00

Anne-Sophie Gug

Director - GRC program manager

Société Générale

Third-party risk and ICT in focus

09:0009:10

Opening remarks

09:00 - 09:10

09:1009:50

Moving beyond pandemic plan testing: what’s next for TPRM?
Panel discussion

09:10 - 09:50

Moving beyond the pandemic, how should FIs approach TPRM in the face of stringent regulatory requirements and an evolving threat landscape?

Delving into governance, process, data, and infrastructure, this discussion will highlight why TPRM needs to be a strategic priority and how you can refine and build on your existing process to help strengthen your approach, safeguard your supply chain and ensure compliance.

Olga Baldwin

Third party risk management, operational risk management, contract management

Sterling National Bank

10:0010:40

Regulatory requirements in the 3rd and 4th party space

10:20 - 11:20

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  • Discussion on the proposed Interagency Guidance on Third-Party Relationships from US regulators (FRB, FDIC, and OCC

  • Highlights of current program and regulatory trends

Martin Boer

Director of regulatory affairs

The Institute of International Finance (IIF)

10:5011:30

Data Harmonization and the ever-evolving global regulatory mandates
Panel discussion

10:50 - 11:30

Standing still is not an option in today’s evolving regulatory environment. Without adapting to new technologies, products and regulation, FIs will struggle to keep up with the industry needs of tomorrow in a manner that facilitates smarter, and more consistent use of data.

In this session, we will explore the evolving regulatory mandates across the world and its impact on data required to support the reporting of OTC derivatives. With countries such as Australia, the EU, Hong Kong, Japan, Singapore, the UK, the US, all requiring amended reporting from Q3 2022 onwards, the panel will examine the use of the data standards-driven identifiers to facilitate evolving regulatory mandates, and consider the impact on market participants and market infrastructure alike.

Our expert panel will discuss how you can meet your business targets, stay compliant and maximize the value of reporting and reference data in an ever-complex regulatory environment.

Discussion points:

  • What are the new regulatory requirements for OTC derivative data and reporting

  • How best to respond to market dynamics and regulatory requirements

  • Leverage advanced analytics and data management tools to mitigate risk and drive profitability

  • What is the future of regulation from a data perspective?

Malavika Solanki

Management team

Derivatives Service Bureau (DSB)

Malavika Solanki is part of the Management Team at the Derivatives Service Bureau, (DSB), a global numbering agency for OTC derivatives that allocates ISINs, CFI codes and FISNs - all recognised and adopted ISO standards for identifying, classifying and describing financial instruments. The DSB will in due course also provide UPIs, following recent nomination by the Financial Stability Board. Malavika has worked in the OTC derivatives market for over 20 years, is part of the team that oversees the DSB and was previously responsible for the development of LCH. Clearnet’s credit default swap clearing service. Malavika’s experience lies predominantly in launching and scaling new ventures across a variety of OTC derivative asset classes, with skills focused on service and product development and business modelling. Malavika is a graduate of London Business School’s Executive MBA programme and enjoys mentoring high-growth, fintech teams.

Fraud and AML in focus

09:0009:10

Opening remarks

09:00 - 09:10

09:1009:50

Effectively managing security and controls in an era of volatility
10 Questions on insider fraud...

09:10 - 09:50

With economic volatility and the disruption of remote working, incidents are on the rise. Stemming from rogue trades through to pressures to tap into dormant accounts, the seducing factors are numerous. Hefty fines aside, the lingering effect of such events on data integrity and security, consumer trust and brand reputation is immeasurable. Why are so many firms struggling to manage insider fraud?

Svetlana Belyalova

Head of operational risk management

Rosbank Societe Generale Group

10:0010:40

Synthetics: fighting fraud in this increasingly complex landscape
Panel discussion

10:00 - 10:40

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What is the new fraud risk landscape post-pandemic? It is very different than it was before because (1) synthetic identity fraud has matured, (2) pandemic-related government stimulus has opened new avenues for fraud, and (3) there has been a shift to digital channels.

The government has taken action to claw back funds lost through stimulus fraud, which they have recently indicated may be used to fund infrastructure investments, and they have separately stated that fraud will be an exam priority. In addition, cryptocurrency is entering regulators’ area of focus as more companies seek to create products that render it accessible to mainstream consumers.

  • How can financial institutions best manage their fraud programs to operate effectively in this shifting landscape?

10:5011:30

Fighting financial fraud with AI
Panel discussion

10:50 - 11:30

Over the last couple of years, financial institutions have made significant achievements in the fight against fraud by embracing machine learning analytics and advanced AI. In this session we will hear how AI and ML can be applied for end to end fraud detection, prevention and operational processes.

Patrick Dutton

SVP, financial crime - Compliance

HSBC USA

11:3012:30

Next generation AML: how FIs can effectively use advanced analytics to prevent AML
Roundtable

11:30 - 12:30

Operational resilience in focus

09:0009:10

Opening remarks

09:00 - 09:10

09:1009:50

The future of resilience: Moving beyond COVID, what’s next?
10 questions on...

09:10 - 09:50

The pandemic forced digital adoption at an unparalleled rate. Financial institutions, preparing timelines for a digital transformation project that spanned years, effectively pressed fast forward, condensing their activities into a matter of months. Consumers across the globe bucked tradition to move their activities online. With recovery on the horizon, these behaviors are set to stay. In the face of such speedy changes to consumer behaviors, how are FIs building and ensuring operational resilience?

Nika Kohli

VP operational resilience

Freddie Mac

10:0010:40

Scenario based testing: evolving your testing paradigm
Panel discussion

10:00 - 10:40

Scenario testing and op resilience go together naturally. As scenario test regimes mature, financial institutions will look to expand their use. And faced with growing uncertainty affecting all aspects of their operating environment, how do firms go about creating meaningful stress scenarios that will help them operate more effectively and become more resilient:

  • Effectively leveraging experiences into scenario analysis 

  • Applying historical business continuity data with current scenarios

  • Cost benefit analysis: weaknesses and potential losses

10:5011:15

What keeps a CRO awake at night?
Fireside chat

10:50 - 11:15

11:3012:30

Conduct Risk in the Digital Economy

11:30 - 12:30

13:4514:45

Climate risk: here and now
Roundtable

13:45 - 14:45