Agenda 2022

Agenda 2022

OpRisk North America Agenda

10:0011:00

Stream

Workshop 1: Best practices in Risk and Control Self-Assessment

Best practices in Risk and Control Self-Assessment

10:00 - 11:00

One of the most important tools helping banks manage and monitor their key Operational risks and controls, join this discussion to better understand:

  • Where are your strengths? Where could your firm improve? 
  • Are your RCSAs up to date?
  • Are they informative enough?

Stream

Workshop 2: Quantification of operational risk

Quantification of operational risk with coherent risk measures: how are we doing this and what methodologies are best?

13:00 - 14:00

 

Operational risk is fast becoming a leading component of corporate risk governance. What are some of the existing methods used to quantify operational risks within financial services?

08:0008:50

Stream

Leaders breakfast briefing

Top risks from the Ukraine crisis: from supply chain to cyber risk leaders breakfast briefing

08:00 - 08:45

From sanctions and people risk through to the fear of cyber-attacks on energy, finance, and communications infrastructure, the impact of the Ukraine crisis is vast. Global firms have on one hand an ethical responsibility to ensure the safety and well-being of their workforce as well as complying with sanctions. How are multi-national firms navigating these geopolitical complexities?

09:0009:30

Supervisory expectations: 5 key priorities for op risk professionals today

09:00 - 09:45

Join US regulatory and supervisory bodies as they explore their top priorities from operational, cyber, concentration and cloud risk through to failovers

09:3010:00

Taking a unified approach to operational resilience with insights from around the globe

09:30 - 10:00

As Europe has paved the way for this new landscape, what can we learn from European initiatives?

10:0010:45

How are leading FIs keeping pace with operational resilience expectations? Empirical insights from practitioners panel

10:00 - 10:45

Over the past decade, the financial services industry has faced an evolving landscape, with growing threats to operations, IT systems, offices and workforce. From the prevalence of third party risks through to natural or man-made crises, the emphasis on preparedness and response has never been so crucial to sector wide resilience and maintaining public confidence.

  • How we can develop more robust operational resilience in the banking industry
  • Guidance on third parties
  • Explore techniques with data, systems, tools and other capabilities which can help us understand a firm’s ability to overcome a given situation and its true resilience.
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10:4511:25

Stream

Emerging instruments: demystifying digital assets knowledge cafe

Emerging instruments: demystifying digital assets knowledge cafe

10:45 - 11:45

Given the rapid rise, and volatility, of the valuation of digital assets, they are becoming difficult to avoid. Still in its infancy, what are the risks and what should FIs do to prepare themselves for these kinds of emerging instruments?

Join this discussion to understand how digital assets could impact non-financial risk exposures, building on:

  • How the technology and legal frameworks that underpins them impacts operational risk
  • How the infrastructure used to exchange them impacts operational risk
  • The potential risks associated with fraud, cyber, legal and reputational risks

Stream

Cloud risk: post-pandemic takeaways on an accelerated digital landscape knowledge cafe

Cloud risk and post-pandemic takeaways on an accelerated digital landscape knowledge cafe

10:45 - 11:25

While many financial institutions were well en-route to cloud migration, the onset of the pandemic greatly accelerated the need for cloud-based working. While moving to the cloud can offer significant benefits, it also comes with new risks.

Join digital risk leaders as they offer practical insights on how to:

  • Effectively manage  security and governance
  • Utilize a public /private cloud strategy

11:2512:05

The rise of digital risk: making sense of digital networks and an expanding ecosystem panel

11:25 - 12:05

As traditional financial services institutions continue on a path of accelerated digital transformation how are risk leaders anticipating and mitigating cyber, third party, cloud, IT and cyber risk? Join technology risk and digital risk experts as they break down:

  • How digital networks introduce risk: the impact of big tech and service delivery
  • Working with big tech and third parties to deliver services and the resultant considerations for operational risk
  • Resiliency stacks in the organization: moving from one data center to another with real-time failover
  • Why we’re more vulnerable to cyber-attacks and natural disasters than ever before

12:0512:50

Staying ahead of the curve: How to assess and treat emerging and rapidly evolving risk panel

12:05 - 13:00

  • Understanding emerging and rapidly evolving risks
  • Challenges and opportunities – practical tools for creating value and dealing with emerging and rapidly evolving risks

12:5014:00

Stream

AML priorities mandate: demystifying requirements lunch roundtable

AML priorities mandate: demystifying requirements lunch roundtable

13:00 - 14:00

  • As the industry waits on the finalized FinCen AML requirements, what will firms have to do to adjust?
  • How can we help steer the aml act to a place where we actually have different or improved supervisory regime in the US?

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GRC 2.0: how data science is reshaping ERM lunch roundtable

GRC 2.0: how data science is reshaping ERM lunch roundtable

13:00 - 14:00

Businesses today operate in a complex, global environment where the risk landscape is ever evolving.  Data science offers analytical tools that  assess and track risks. How are leading FIs moving beyond legacy infrastructure to unleash the true potential of data science in the ERM space?

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Rise of the machines: machine learning is creating new risks. How are FIs contextualizing these risks? Lunch roundtable

Rise of the machines: machine learning is creating new risks. How are FIs contextualizing these risks? Lunch roundtable

13:00 - 14:00

Is ML truly a model risk? It’s undeniable these re models, but they are non-models in the traditional banking sense (ie. not related to risk or projections for decision-making). How are firms thinking around the ‘models’ used to automate tasks and repetitive processes?  How can we validate these kinds of models? And, importantly, what is the impact on operational risk?

14:0014:45

Stream

Green executive boardroom: The great resignation: the new kid on the block keeping us awake at night

Executive boardroom: The great resignation: the new kid on the block keeping us awake at night

14:00 - 14:45

The pandemic changed so many things, from the way people work to key priorities. Emerging from this period, many are rethinking work, family and the day-to-day grind. The great resignation is real and the financial services industry has not escaped unscathed. How are leading firms dealing with high turn-over, a skills shortage and weaning interest from new graduates?

Join industry leaders as they explore

  • Strategies to retain talent and acquire new graduates
  • Encouraging employee engagement
  • Developing inclusivity
  • Creating interest around current vacancies
  • Planning for the future workforce
  • Improving leadership management skills

Stream

Yellow executive boardroom: Scenario construction: taking a standardized approach to benchmarking risk exposures

Executive boardroom: Scenario construction: taking a standardized approach to benchmarking risk exposures

14:00 - 14:45

One of the key obstacles facing operational risk departments is the distinct lack of forward facing data to help them articulate risk exposures. Nowhere is this more evident than in emerging risks and tail events where the data isn’t available or a given financial institution simply hasn’t the experience. How are industry players proposing to bridge this gap and create an industry standard that paints a holistic picture?

Delve into how FIs are overcoming these data challenges and using scenario generation techniques to:

  • Offer feedback on CCAR
  • Use quantitative techniques to determine the risk exposure of specific situations
  • Understand how specific scenarios would impact a given organisation, the losses and the potential consequences
  • Set an industry standard

15:0015:45

Stream

Blue executive boardrooms: The future of operational risk: envisioning the discipline 5 years down the line

Executive boardroom: The future of operational risk: envisioning the discipline 5 years down the line

15:00 - 15:45

Financial services are faced with a fast-paced risk landscape, one where the components are ever evolving. It has never been so important for firms to facilitate a dynamic and proactive risk culture to mitigate substantial losses.  From pandemic though to a cyber-attack, operational risk is here to stay. But with the accelerated move to all things digital and interconnected, what will the future hold for the discipline?

  • Thinking tech: exploring the impact of IoT and 6G
  • Geopolitical risk: where do we see the world 2-5 years down the line?
  • Opportunities for AI, ML and data science
  • The future of operational risk: envisioning the discipline 5 years down the line

Stream

Purple executive boardroom: Rethinking TPRM: how firms are navigating increasing complexities

Executive Boardroom: Rethinking TPRM: how firms are navigating increasing complexities

15:00 - 15:45

The last 18 months have been anything but business as usual.  As FIs have operated in an increasingly digital landscape, the digital risk ecosystem, including cloud risk and IT, has become increasingly complex. Moving beyond COVID 19, firms are also developing mechanisms to prioritise third-party ESG risks. How are FIs keeping ahead of the regulatory landscape and evolving their approach to TPRM in such a complex environment?

Listen in to gain practical insights into:

  • How to approach TPRM in the face of strict  regulatory requirements and an evolving threat landscape
  • How to strengthen your approach, safeguard your supply chain and stay compliant
  • How you can develop appropriate measures to prioritize third party ESG risks

15:4516:30

Stream

War Game: You are a victim of a cyber-attack – So what now?

You are a victim of a cyber-attack – So what now?

15:45 - 16:30

  • How do you recover from a successful hack?
  • What is your institution’s real ability to recover from cyber-attack interruptions and what efforts do you make to make sure your suppliers are not too connected?

Stream

War Game You are experiencing an IT outage. All your services are down.

Managing the IT meltdown: What steps do you take to recover?

15:45 - 16:30

 

You are experiencing an IT outage. All your services are down.

  • How do you overcome an IT systems mitigation failure
  • Moving beyond disjointed and decentralised systems: solving the legacy infrastructure dilemma

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War game The domino effect of a supplier data breach: How do you respond?

The domino effect of a supplier data breach: How do you respond?

15:45 - 16:30

  • How do you take control of risk and vulnerabilities?
  • Managing security concerns down your supply chain

Stream

War game Black swan event

Black swan event: You’re in the midst of an unprecedented natural disaster with severe implications.

15:45 - 16:30

What steps do you take to safeguard your employees and keep services running?

Stream

War game You're under attack... and it's an inside job!

You're under attack... and it's an inside job!

15:45 - 16:30

Insider bank attack: a group of employees has created fake accounts for thousands of customers. How do you manage the situation and what steps do you take to ensure you take proper action internally and effectively communicate with supervisors? How do you mitigate future instances of insider fraud and market abuse?

16:3017:00

Networking coffee break

15:45 - 16:30

17:0017:30

Ahead of the game: building a smarter cyber risk strategy panel

17:00 - 17:30

It is inevitable that cyber risk concerns will continue to grow. Cybersecurity is now listed as one of the top priorities for CEOs globally. Strategies to cyber risk management are now evolving and ownership is no longer seen as the sole responsibility of one specific department. How are leading FIs evolving their approach to cyber risk, transcending departments and better incorporating the perspectives and concerns across supply chain and technical departments?

17:3018:00

Getting to grips with climate risk: salient considerations for operational risk leaders

17:30 - 18:00

Fines are on the horizon. As climate risk and ESG climb the global agenda, how do they factor into the already complex supervisory landscape?

Sit in on this discussion to gain exclusive practical insights exploring:

  • Business continuity and resilience with a focus on offices and infrastructure
  • Meeting new regulatory requirements
  • Thinking outside of the box: health and safety and location strategy
  • Supply chain: disruption and resilience, from net zero commitments, labor laws and human rights
  • Disclosure requirements  
  • Litigation and greenwashing controls