COVID Webinar

COVID Webinar

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COVID-19: how your firm can develop resiliency to ensure business continuity

 

LISTEN ON-DEMAND

Join us for day 2 of OpRisk Virtual Week to benefit from:

  • Outlining the evolving horizon of operational risk

  • Overview of cybersecurity threats and operational resilience for financial institutions (how those risks have been impacted by COVID-19 responses)

  • Gaining insight into how organisations are defining resiliency

  • Identifying areas within the firm that are critical for business continuity

  • Determining and setting appropriate impact tolerances

  • Anticipating and preparing for disruption scenarios

 

CLICK HERE TO LISTEN ON-DEMAND

Virtual Program - Day 2 (Tuesday, May 5)

10:3010:35

Editorial welcome: the evolving horizon of operational risk

10:30 - 10:35

Tom Osborn

Desk Editor

Risk.net

Tom Osborn is the desk editor of Risk.net's risk management coverage. Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications.

Tom holds a bachelor's degree in English literature from the University of Warwick, UK.

10:4011:00

Security, Operational Resilience and COVID-19

10:40 - 11:00

An overview of cybersecurity threats and operational resilience for financial institutions and how those risks have been impacted by COVID-19 responses.

Kevin Greenfield

Deputy comptroller for operational risk

Office of the Comptroller of the Currency

Kevin Greenfield is the Deputy Comptroller for Operational Risk at the Office of the Comptroller of the Currency (OCC).

In this role, Mr. Greenfield oversees development of policy and examination procedures addressing operational risk, bank information technology, cybersecurity, critical infrastructure resilience, payments systems, and corporate and risk governance. He assumed these responsibilities in November 2019.

Prior to this role, Mr. Greenfield served as the Director for Bank Information Technology for the Operational Risk Division where he managed a team responsible for developing, communicating, and interpreting policies for the OCC's supervision of technology operations at financial institutions. He represented the OCC on several interagency groups that focus on coordination and development of information technology risk management supervisory guidance for such topics as information security, resiliency, technology operations, corporate governance, and independent risk management.

Prior to being named Director for Bank Information Technology in 2014, Mr. Greenfield spent 14 years with the OCC's Large Bank Supervision Department, where he gained experience examining large and complex technology operations at several of the largest U.S. financial institutions. In this role, he held various technology supervision roles at large financial institutions based in Pittsburgh, Charlotte, and New York City.

Mr. Greenfield is a graduate of the University of Dayton and holds the Certified Information Systems Auditor professional certification.

11:0012:00

COVID-19: how your firm can develop resiliency to ensure business continuity

11:00 - 12:00

COVID-19 has forced firms across the globe to question exactly how they plan for, build and maintain resiliency to ensure business continuity. With operational and cyber risk departments now firmly concentrating on pandemic action plans and emerging risks, how can your organisation benchmark your own internal ability to meet regulatory expectations and adequately prepare for disaster scenarios?

Jay Newberry

Lecturer, ERM program

Columbia University

Lecturer, ERM Program, Columbia University
Managing Director, Head of ORM Framework, Citi (retired)
Principal, Greenwich Risk Management Consulting

Jay Newberry has over thirty years of experience in risk management.  He is currently a Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay recently retired from Citigroup where he was responsible for the global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

His responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, Jay established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of key global operational risk management governance committees.

Jay led U.S. regulatory relations for operational risk and partnered across Citi on global regulatory matters.

In his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types.

Jay’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

Currently Jay is Principal, Greenwich Risk Management Consulting, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry.

Jay earned his BA degree in Economics from Middlebury College and his MBA from the Tuck School at Dartmouth.

 

Jennifer Finnerty

Managing Director

PGIM Fixed Income

Joseph Iraci

MD, financial risk management, CRO, futures and forex

TD Ameritrade

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

Jaymin Desai

Offering manager, third party risk

OneTrust Vendorpedia

Jaymin Desai serves as the Offering Manager at OneTrust Vendorpedia — part of the largest and most widely used technology platform to operationalize third-party risk, security, and privacy management. In his role, Desai is responsible for driving the development and delivery of OneTrust's third-party risk management product as well as driving the refinement of the toolset and offerings.

He works with clients to centralize their vendor information across business units, assess risks based on use cases and relevant standards like CSA, CAIQ, SIG, GDPR and CCPA while also monitoring threats to seamlessly mitigate vendor risks throughout the engagement lifecycle. Desai takes a customer-based approach to product development and derives the majority of his backlog from customer feedback and direction. 

Nikki Covino

Non financial risk management chief operating officer

Credit Suisse

Nikki Covino is the Regional Head of Business Continuity for Credit Suisse (CS). In this role, she is accountable for Business Continuity for all CS offices in North and South America. In her role as part of the risk organization, she is responsible for review and challenge of all business plans for contingency and for governance of Disaster Recovery testing. In addition, she is the lead Crisis Manager for the region and has led many events over the past 12 years including hurricanes, earthquakes, blackouts, fires and IT outages.

Prior to Credit Suisse, Nikki worked at Merrill Lynch in the FX Technology area. As part of that role, she assisted in the development of a Risk system for trade matching.

Nikki earned her bachelor's degree in Economics from University of Massachusetts, Amherst. She currently lives in Manhattan with her husband and 2 teenage daughters.

 

Manan Rawal

Executive vice president, head of US model risk management

HSBC

Manan N. Rawal, EVP and Head of Model Risk Management of HNAH since September 2017.  He joined HSBC in 2008 and has held positions in client risk management, market risk, and stress testing.  Prior to joining HSBC in 2008, Mr. Rawal has held trading and asset management roles at DKR Capital, Advent Capital, Swiss Re and Deutsche Bank spanning a period from 1994 – 2007.

He has an international executive MBA (Trium – HEC Paris, NYU, and the London School of Economics), M.Sc. in Economics (London School of Economics) and a B.S. in Finance from the Wharton School (University of Pennsylvania). He is also an adjunct faculty member of the New York Institute of Finance (https://www.nyif.com/).

His interests include thinking about the impact of technology / data / analytics on society, wine, traveling, and focusing on the positive.

Please note: The opinions expressed during this virtual session are those of the participants individually

Sponsored by:

OneTrust Vendorpedia™ is the largest and most widely used technology platform to operationalize third party risk, security, and privacy management. More than 4,500 customers of all sizes use OneTrust to offer the most depth and breadth of any third party risk, security, and privacy solution. To learn more, visit vendorpedia.com or connect on LinkedIn.

Our 2020 partners

With the unique combination of financial services, technology and regulatory expertise, IBM RegTech enables institutions to make more timely and risk-aware decisions. We apply the latest advancements in artificial intelligence, machine learning and automation to the risk and compliance process, increasing operational efficiency, accelerating insight and improving transparency. This greater oversight and understanding helps our clients preserve institutional trust and enhance value to their shareholders and customers alike.

To learn more about IBM financial crime and regulatory compliance solutions, visit ibm.com/RegTech and follow us on Twitter @IBMFintech
 

OneTrust Vendorpedia™ is the largest and most widely used technology platform to operationalize third party risk, security, and privacy management. More than 4,500 customers of all sizes use OneTrust to offer the most depth and breadth of any third party risk, security, and privacy solution. To learn more, visit vendorpedia.com or connect on LinkedIn.

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network —Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com


Milliman is an independent, privately owned, global professional services firm. Our legacy is actuarial science; we have become a global leader in actuarial services, risk and predictive analytics. Our background and business model is driven by our client focus using rigorous quantitative techniques applied to risk assessments and modeling.

Milliman’s Cyber Risk Solutions (CRS) is composed of a cross-functional team with complementary skills sets:

  • Enterprise Risk Management and Operational Risk
  • Emerging threat detection and modeling
  • Consumer behavioral data and time series analytics
  • Data sciences, including predictive modeling
  • Regulatory remediation
  • Actuarial science

Milliman CRS understands the quantification of operational risks such as conduct, vendor, cyber, reputational, climate, disgruntled employee, etc. is becoming ever more important. We understand where models that quantify risk are beginning to fail and how decision makers can take actionable steps to mitigate financial losses.

RSA offers business-driven security solutions that provide organizations with a unified approach to managing digital risk that hinges on integrated visibility, automated insights and coordinated actions. RSA solutions are designed to effectively detect and respond to advanced attacks; manage user access control; and reduce business risk, fraud and cybercrime. RSA protects millions of users around the world and helps more than 90 percent of the Fortune 500 companies thrive and continuously adapt to transformational change. For more information, go to rsa.com.

Cutover is a fast-growing technology company based in London and New York. Founded in 2015, Cutover now has over 60 employees and continues to grow. In 2019, Cutover raised $17 million in a Series A funding round led by Index Ventures. The company has a number of major clients, including four of the top ten global financial institutions, two of the top three US banks by size and three of the top five investment banks globally.

Cutover is a leader in work orchestration and observability and is the only platform that allows you to plan, rehearse, orchestrate and analyze work involving humans and technology. Cutover eliminates outdated approaches like static spreadsheets and weekend calls so teams can accomplish work quickly and effectively.




Fusion Risk Management provides cloud-based software solutions for operational risk, business continuity, third-party risk, IT disaster recovery, and crisis and incident management. Built on the Salesforce Lighting Platform, our products help organizations achieve operational resilience, empowering them to make data-driven decisions and mitigate risks within their organizations.