Agenda

Agenda

Cyber Risk Summit - Wednesday, May 6

09:0009:45

Breaking down barriers: mitigating cyber risk to ensure stable and secure financial infrastructure panel

09:00 - 09:45

  • Third party risk in the cloud: implications on financial stability

  • The benefits of using the cloud over legacy infrastructure

  • What impact does this migration have on security? 

  • How can organisations ensure legal and regulatory compliance? 

Tom Kartanowicz

Regional CISO

Commerzbank AG

09:4510:15

Interview: how your organisation can develop cyber resilience to ensure business continuity

09:45 - 10:15

Fireside chat

  • Defining cyber resilience: what does this look like and how can firms actively build it? 

  • Taking an integrated approach: business functions, roles and responsibilities

  • Data corruption and configuration anomalies  

10:1511:00

Quantifying cyber risk to effectively inform your decision making processes

10:15 - 11:00

  • Why firms find it challenging to quantify cyber risk

  • Quantifying control effectiveness  

  • What are some methodologies for measuring cyber risk?

Michael Barton

Senior director of quantitative assessments

United Health Group

Michael Barton is the Director of Operational Risk Quantification and Scenario Analysis at AIG.  In his role, he leads the development and implementation of operational risk stress testing, economic capital estimation, and allocation of those estimates to the business lines, as well as supporting the development of and quantification of operational loss scenarios for the organization.  In this role, Michael has worked extensively with cyber and business professionals around identifying and quantifying cyber risk.  Before working at AIG, Michael was the Head of the Regulatory Solutions Quantification group in U.S. Bank’s Corporate Treasury department.  In this role, he was responsible for CCAR/DFAST and Regulatory Capital modeling for Operational Risk as well as setting up a governance framework for models and analytical tools in the Corporate Treasury department.  Previous to those roles, Michael worked in an actuarial capacity at Sun Life Financial in Boston handling variable annuity reserving, fixed and variable annuity lapse study estimations, and retirement product pricing.  He held a similar variable annuity reserving role in Security Benefit Corporation in Topeka, KS before that.  Michael has a Bachelor’s Degree in Mathematics with an Actuarial Emphasis, and a Master’s Degree in Theology.

10:0011:30

Morning coffee break

11:00 - 11:30

11:3012:00

Insuring for cyber risk: the expanding role of insurance in the cyber space

11:30 - 12:00

12:0012:45

Simplifying cyber risk to your board: making the un-relatable relatable

12:00 - 12:45

12:4513:45

Lunch & Roundtable

12:45 - 13:45

Join our lunch discussion dedicated to: 

  • Mitigating cyber breaches to effectively protect your data and ensure compliance 

  • Managing data in the cloud and effectively reporting to regulatory bodies

13:4514:30

Effectively managing risk in the cloud: from ownership of data through to cyber security

13:45 - 14:30

  • Effectively moving from data warehouse to the cloud

  • How is data dispersed in the cloud? Key considerations

14:3015:00

Making cyber risk reporting more transparent and accurate to comply with regulation

14:30 - 15:00

  • Key considerations for the regulatory landscape: how are regulators perceiving this?

  • Making reporting more transparent: why this is still thin on the ground and what leading firms are doing to clarify their reporting

  • Effective and meaningful reporting: what does this look like?

15:0015:30

Effectively protecting data when working with third parties: storage, ownership, regional compliance and privacy

15:00 - 15:30

Bala Ayyar

MD, chief data officer - Americas

Societe Generale

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.

Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.

Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.

Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

15:3016:00

Afternoon coffee break

15:30 - 16:00

16:0016:30

Case study: managing cyber risks with cutting edge tools to cut costs and identify unknown risks

16:00 - 16:30

16:3017:00

How banks are modernizing their skills and resources to meet the demanding needs of cyber security: the evolution of roles and functions

16:30 - 17:00

17:0017:40

Improving controls for data governance: horizontal implementation

17:00 - 17:40

  • Scalable and sustainable data governance: What works? What doesn't? What is the best practice?

  • Using machine learning for data governance: how does this contribute to scalability and agility

  • Creating a bottom-up data governance programme

  • Internal roles and responsibilities: who's responsible for data acquisition and stewardship?

Bala Ayyar

MD, chief data officer - Americas

Societe Generale

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.

Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.

Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.

Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

Jay Wood

Director, head of digital records | control management | records management office

BNY Mellon

17:4017:45

A brief history and forward-looking perspective on cyber risk

17:40 - 17:45

Neil Roth

Chief operational risk officer

Santander Investment Securities U.S.

Neil Roth is the Chief Operational Risk Officer for Santander Investment Securities U.S. and Banco Santander S.A. New York, where he oversees Operational Risk, Third Party Risk, and Business Continuity Management in the second line of defense.

He previously held senior operational risk positions at RBC where he was Head of Operational Risk for Combined U.S. Operations, MUFG Securities where he was the Deputy International Head and U.S. Head of Operational Risk, and Fortis where he was U.S. Head of Operational Risk.

He was featured on the cover of the July 2013 edition of "Operational Risk & Regulation Magazine." Mr Roth graduated from Brown University with a double-major in Philosophy (cum laude) and Economics.

17:4517:50

Closing remarks

17:45 - 18:00