Agenda - day 2

Agenda day 2

Plenary sessions

08:0008:45

Registration and refreshments

08:00 - 09:00

08:1508:55

Breakfast with NASA
Interactive session

08:15 - 08:55

Join us for a breakfast brief that’s truly out of this world: an intimate, open mic Q&A with aerospace engineer Jeevan Perera. In this laid-back yet informative gathering, you'll explore how risk management is central to the success of NASA’s missions. 

Jeevan Perera

Senior engineer

NASA

Jeevan Perera is currently the risk manager for the Orion space vehicle. The Orion is NASA's new spacecraft which will replace the Space Shuttle, service the International Space Station, and then return astronauts to the moon and eventually mount expeditions to Mars.  Perera has been with NASA for 20 years. In his current capacity, he is responsible for risk management policies, processes and analytical tools that ensure the successful deployment and operations of this new spacecraft. Perera oversees both quantitative and qualitative risk analysis processes and provides technical direction to a team of risk analysts. Formerly as the International Space Station risk manager, he designed, developed, implemented and improved the program's risk management processes through a phased, systematic approach setting the standard for NASA’s risk practice. Prior to his work in risk management, Perera has worked in different technical fields in support of many NASA programs and projects. These duties have included management responsibility for versions of the primary and back-up flight software for the Space Shuttle and development responsibility for other software used aboard Space Shuttle and International Space Station missions. 

Perera has been a member of the board of trustees for a local homeowners association, has provided legal advice to the United Space School, a foundation for international space education that brings student from around the world for focused classes on space related disciplines. He often presents on space topics at schools, universities, public events and international conferences. Perera has both a Jurisprudence Doctorate (law) and a PhD in Industrial Engineering.

08:5509:00

Welcome back to Risk Live Europe

09:00 - 09:10

Kris Devasabai

Editor-in-chief

Risk.net

Kris Devasabai is the editor-in-chief for Risk.net. Previously, he was bureau head, US of Risk magazine and now he manages the editorial teams in APAC, EU and US. Prior to joining Risk, he covered hedge funds, asset management, cross-border investing and law for several publications. Kris holds a bachelor’s degree in law and government from the University of Manchester, and he completed his legal training at the Inns of Court School of Law in London. He was called to the bar of England and Wales in 2003.

09:0009:25

AI: taking the opportunities at scale, whilst controlling the risks
Presentation

09:00 - 09:25

  • Leveraging AI to enhance customer service, improve fraud detection, personalise banking experiences, and automate routine tasks, driving overall efficiency and innovation
  • Identifying, assessing, and mitigating risks associated with AI implementation, including data privacy, security concerns, and regulatory compliance, to ensure safe and responsible AI usage
  • The evolving role of AI in banking, future advancements, and Deutsche Bank's long-term vision for integrating AI technologies to stay competitive and innovative in the financial industry
     
Tim Mason

Managing director, head of innovation and AI products; technology, data and innovation

Deutsche Bank

Tim is a Managing Director at Deutsche Bank and runs the bank’s AI Programme with a mandate to introduce scaled and safe AI across the bank. He also runs the Innovation Product with a focus on creating and realising new business opportunities with new technologies.

09:2509:50

Resilience – from compliance to competitive differentiation
Presentation

09:35 - 10:00

  • How – in challenging economic conditions marked by budget cuts and restructuring – can risk professionals ‘do more with less’?
  • Are technology innovations – including automation and generative AI – emerging as viable solutions to reduce operating expenditures?
  • Managing requirements to develop new products and business lines amid technological upheaval
  • Integrating new technologies, upskilling/reskilling your teams and enhancing productivity amid multiple constraints
Michael Murphy

Risk transformation officer

ServiceNow

Jack Armstrong

Partner

EY

Jack is a Partner in the EY Consulting business, leading the UK Operational Resilience solution. He previously led the Operational Resilience Strategy and Development team at the Bank of England, with over 15 years consulting experience prior to that. Jack has a background in risk management, business continuity, crisis management and 3rd party resilience, and holds memberships and qualifications with MBCI, MIRM, ACII, ISO 22301 and CISM.

09:5010:30

Navigating climate risk and ESG compliance: what’s new for 2024?
Panel discussion

10:00 - 10:45

  • Looking back to 2023: what has changed (and what hasn’t) over the past 12 months?
  • Strategies for incorporating biodiversity and carbon risk considerations into models
  • The intersection of climate risk, market risk and liquidity management – and the challenge of aligning different time horizons
  • Green Asset Ratio: ensuring compliance and avoiding any penalties or reputational damage associated with non-compliance
Dorota Wojnar

Head of ESG risks unit

European Banking Authority

Andrea Corrado

Director, group ESG risk

Deutsche Bank

Sharon Thiruchelvam

Regulation reporter

Risk.net

Daniel Ung

Author

ESG Investing and Analysis - A Practitioner's Guide

Daniel Ung is the head of quantitative research and analysis, ETF model portfolio solutions at one of the world's largest global asset managers, where he is responsible for research on asset allocation using ETFs. Previously, he was a senior smart beta strategist and in charge of conducting product research and analysis of ETFs, with a particular focus on smart beta. Before joining his current employer, Daniel was a director of global research and design at S&P Dow Jones Indices, and worked in the Structured Products Group at Barclays Wealth and Investment Management and the Commodities Investor Derivatives Group at BNP Paribas Fortis Bank. He has published extensively in journals, is an associate editor of the Journal of Beta Investment Strategies and has co-authored books on ESG and smart beta investing. In addition, Daniel is also active in academia, and was a guest lecturer at the Imperial College Business School and an examiner of the Chartered Alternative Investment Association (CAIA) exams. He holds a masters from the Ecole Supérieure de Commerce de Paris and is a CFA, CAIA and FRM charterholder.

10:3010:50

Morning networking break

10:45 - 11:10

Ask the expert: Mastering default risk prediction
A chance to dive into the detail with our topic expert.

10:35 - 10:55

The financial industry is facing unprecedented challenges in predicting default rates, exacerbated by recent events like the Credit Suisse crisis. With limited resources for monitoring and surveillance, managing counterparty and credit risk has become increasingly complex. How can organisations effectively leverage data to forecast default rates and mitigate risk in their portfolios?

Don’t miss the opportunity to pit your questions to our expert and uncover:

  • Practical methods for predicting default rates using consensus credit ratings data.
  • Strategies for managing counterparty risk in a post-Credit Suisse landscape.
  • Insights into leveraging predictive analytics for effective portfolio management.
Werner de Wit

Head of commercial

Credit Benchmark

Werner leads Credit Benchmark’s commercial efforts across all client types and is a member of the Executive Committee. Werner joined from J.P. Morgan and brings with him over a decade of experience at leading global financial institutions, and has held a number of positions across Product Development, Risk Management and Sales. In particular, Werner spent a large part of his career specializing in Counterparty Credit Risk, covering Asset Managers, Pension Funds and Hedge Funds across the Corporate and Investment Bank at J.P. Morgan. He holds a First Class (Cum Laude) degree from Stellenbosch University, a Post Graduate Degree in Financial Analysis and Portfolio Management from the University of Cape Town.

Ask the expert: Women in Risk - advancing your career
Ask the expert

10:30 - 11:00

Join us for an interactive, conversational session on women in risk. Come with your challenges and questions about making your voice heard and advancing into leadership positions. 

  • New approaches to address barriers preventing women from reaching senior positions
  • Effective strategies for creating a supportive and inclusive organisational environment
     
Fyona Knight

Middle warden

Guild of Investment Managers

With over two decades in London's dynamic financial landscape, Fyona has carved out an exciting career in Risk Management. She trained as a Credit Risk Analyst at Moody's Analytics, before moving on to roles at ICE Clear Europe, Koch Supply & Trading, and Aviva Investors. For the past four years, she has been a Senior Credit Risk Manager at a large global investment bank in London. Her professional experience has included global corporates, banks, non-bank financial institutions, and derivative & counterparty credit risk.

As a founding member of the Guild of Investment Managers, Fyona currently serves as the Middle Warden, actively promoting the rise of women to senior positions within the Livery world and the investment management industry.

10:5011:15

Building reliable LLM-based workflows
Presentation

10:50 - 11:15

  • Like humans, LLMs produce results that vary from one attempt to the next and sometimes make mistakes
  • This does not stop us from relying on humans, and it should not stop us from relying on LLMs
  • The key to building reliable workflows based on LLMs is understanding how LLMs process data
  • In many ways, LLMs process data just like humans
  • This is why the key to successful LLM-based workflows is setting them up in a way that would help a human succeed at the same task
Alexander Sokol

Executive chairman and head of quant research

CompatibL

Alexander Sokol is the founder, Executive Chairman, and Head of Quant Research at CompatibL.

In 2022, he has been awarded the Fintech Person of the Year Award for his expertise and developments on a new class of machine learning risk models that can work with short pandemic-era historical time series. Alexander also won the Quant of the Year Award in 2018 together with Leif Andersen and Michael Pykhtin, for their joint work revealing the true scale of the settlement gap risk that remains even in the presence of initial margin.

Alexander’s other notable research contributions include systemic wrong-way risk (with Michael Pykhtin, Risk Magazine), joint measure models, and the local price of risk (with John Hull and Alan White, Risk Magazine), and mean reversion skew (Risk Books, 2014).

11:1512:00

Leveraging LLMs to enhance regulatory compliance
Panel discussion

11:10 - 11:45

In today's digital age, the role of back-office data in risk management has evolved from a compliance necessity to a strategic asset – and for the front office, commercial opportunity. Yet, what many firms do not realise is that that they could already have this data at their fingertips: within their legal contracts. When a new rule or mandate comes down from the regulator, firms need to be able to respond in a fast, efficient, scalable – and cost effective – way. Unlocking the transformative potential of data management is imperative for investment banks to navigate evolving regulatory landscapes and enhance risk management practices. We’ll discuss: 

  • The role of gen-AI technologies such as LLMs in managing, generating, and providing intelligence on vast and disparate datasets 
  • Best practices for data collection, validation, and reconciliation to ensure accuracy, consistency, and reliability 
  • Addressing the challenges of data privacy, regulatory reporting, and compliance monitoring in a data-driven environment
  • Strategies for establishing robust data governance frameworks to ensure regulatory compliance and mitigate legal risks
Khilan Shah

Chief revenue officer

Likezero

As CRO, Khilan is responsible for the Sales, Marketing, and Account Management functions at Likezero, leveraging his expertise in addressing global financial markets’ contractual data challenges.
Previously Khilan was a Senior Manager at PwC, where he most recently designed the firm’s LIBOR contracts solution that was sold and implemented across 3 continents. Khilan has spent his entire career analysing the challenges financial institutions have with their contracts and pioneering new solutions. Khilan graduated from the University of Warwick with a degree in MORSE.

Zoi Fletcher

Associate commercial editor

Risk.net

Andreas Ita

Former executive director

UBS

Dr Andreas Ita is Managing Partner at Orbit36 Risk Finance Solutions AG, a management consulting boutique specialized in strategic planning, treasury, risk and capital management for financial institutions. He is a member of the Board of Directors of Leihkasse Stammheim AG, a retail bank in Switzerland.

Until 2019, Andreas was Head of Group Economic Performance and Capital Optimization at UBS. In this role, he was responsible for the group-wide capital allocation framework, risk-adjusted performance measurement, economic profit and the approach to determine the firm’s cost of equity. In addition, he advanced the internal and regulatory stress testing methodologies for the Group and key legal entities. Before, he worked for more than 10 years as an equity derivatives trader for UBS Investment Bank.

Andreas holds a PhD and a Master in Banking and Finance from the University of Zurich, as well as a Bachelor in Business Administration from the Kalaidos University of Applied Science.

Andrew Mackay

Former director, model risk

Deutsche Bank

12:0012:45

Model risk management (MRM): regulatory scrutiny and data quality
Panel discussion

12:00 - 12:45

  • Compliance with PRA directives on MRM: best practices for maintaining high data-quality standards 
  • Explore technological solutions and frameworks that contribute to a robust, resilient and compliant MRM infrastructure
  • Considerations and strategies for implementing automation in models without compromising transparency
  • Approaches to prevent models from becoming black boxes, to adhere to regulatory standards and enhance client communication 
  • Classifying the risk in your model under the EU’s AI Act, and what to expect going forward 
Jo Lucas

Chief risk officer, Emea

Mizuho International

Rupanjana Borkataky

Vice president, traded risk analytics, global debt markets

HSBC

Rupanjana Borkataky is currently working as vice president in the traded risk modelling team at HSBC. She has over 13 years of experience with the bank in developing and monitoring models, mainly for market risk as part of first line of defence. Borkataky has been instrumental in setting up the monitoring function across different model types which helps in providing assurance to the regulators that the models used by the bank are fit for purpose. She holds an MBA in finance and is also a certified CQF and FRM.

Sidhartha Dash

Chief researcher

Chartis Research

Sid is the Chief Researcher at Chartis Research with more than 20 years of experience in the financial, energy and commodities markets in various functions across the trade and software development lifecycles. He has held various roles in product development, trading, risk management, software development and consulting in banks, hedge funds, and risk advisory and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant.

Sid’s specific areas of interest and research include risk data, model risk management, quantitative models in illiquid markets, high-performance analytics, energy and commodity trading risk, market structure design, new computational models, and the use of innovative mathematical methods in various emerging areas of risk management .He has a MBA from the Indian Institute of Management and is a qualified Chartered Alternative Investment Analyst CAIA, Financial Risk Manager (FRM) ,Energy Risk Professional (ERP), Member of GARP and CIPM from the CFA institute.

 

Nadia Bouzebra

Head of model risk management

Close Brothers

12:4514:00

Lunch and networking

12:45 - 14:00

13:0013:55

CRO Network taster session
CRO Network Boardroom | Invitation only working lunch taster session.

13:00 - 13:55

CRO Network

A chance to find out more about the Risk.net CRO Network first hand. Meet your fellow CROs and senior risk management professionals in person during a working lunch hosted by Risk.net's global editorial director, Duncan Wood. We’ll tell you what we’ve learned in the year since the inception of the CRO Network, you’ll also get the chance to hear in brief what your peers' priorities are for the next 12 months, and benchmark your own against them. Spaces are limited, to ensure your place, please enter your details here:https://hubs.li/Q02xpJtn0

Duncan Wood

Global editorial director

Risk.net

Duncan Wood is the London-based editor-in-chief of Risk.net. He was promoted to the role at the start of 2015, to lead the editorial reorganisation of the website and its print titles. Wood had been editor of Risk magazine since July 2011. He rejoined Risk as European editor in October 2009, having originally worked for Risk and Asia Risk in London and Hong Kong as a writer and researcher between 1998 and 2000.

In the intervening years, Wood was news editor for the Oliver Wyman-founded online start-up ERisk.com. He also worked freelance for six years while living in Germany, with his work featuring in Euromoney, Financial News, IFR, and The Wall Street Journal, as well as Risk magazine and its sister titles. Wood has written about derivatives and risk throughout his 17-year career in journalism. He is a Neal Awards finalist, and has won Incisive Media's journalist and editor of the year awards.

Stages

13:5514:00

Welcome to risk management day 2

13:55 - 14:00

Emma Pearce

Head of events, Europe

Risk.net

14:0014:25

Uncharted waters: adapting investment strategies to geopolitical shifts
Presentation

14:00 - 14:25

  • What ripple effects might current geopolitical tensions have on established trade relationships within Europe and beyond?
  • Unravelling the tension between economic nationalism and globalisation
  • How do these shifts impact the allocation of capital and related risk considerations
Dirk Effenberger

Head of investment risk

UBS

14:2515:05

From silos to synergy: how interconnected risks are reshaping the European financial landscape
Panel discussion

14:25 - 15:05

  • Is Europe’s financial stability a thing of the past? The impact of global upheavals, such as the Covid-19 pandemic, on market dynamics
  • The impact of crises – such as the liability-driven investment crisis in the UK and regional banking challenges in the US – on the trading landscape
  • Proactive strategies for risk managers in the face of volatility, data challenges and technological shifts
  • How ESG regulation and supply chain disruption will impact trading strategies and alpha generation. 
Jason Sechrist

Head of product solutions, Emea

AuditBoard

Jason Sechrist is the head of product solutions, Emea at AuditBoard where he works with various teams to help automate the administrative tasks of audit, risk and compliance activities. Sechrist was previously the global head of internal audit at Rackspace Managed Cloud Company where his responsibilities included developing and executing on a risk-based audit plan for the company's global footprint of data centers and office locations across the Americas, Europe and Asia. He started his auditing career with PwC in Silicon Valley, working primarily with software and cloud service providers where he advised chief technical officers, chief information security officers, compliance managers, and system engineers. Prior to becoming an auditor, Sechrist led user testing and development for global aviation weather visualization software as a service while serving on active duty for the United States Air Force. He remains active in the industry, volunteering as audit committee chair for the University of Texas San Antonio, and regularly speaks on topics relevant to technology risks at national and international IIA and ISACA events.

Tin Lau

Chief risk officer

Mirae Asset Securities

Sebastjan Smodis

AM EMEA & UK chief risk officer, global head of traditional investment risk

UBS

Prab Bajwa

Managing director, senior digital asset risk officer

State Street Global Advisory

15:0515:30

Afternoon networking break

15:10 - 15:30

15:3015:55

Valuation and streaming risk for traditional and alternative assets
Tech demo

15:20 - 15:40

Covering:

  • Ingredients for real time risk.
  • Live risk; stack, start-up, risk blotter, performance blotter, performance profiling.
  • Modelling securitised products.
  • Prepayments, defaults and severity modeling.
  • Prepayments using vector description language.
  • Query-based collateral prepayment assumptions.
Ram Meenakshisundaram

Senior vice-president, quantitative services

KWA Analytics

Ram Meenakshisundaram, MSCS, MBA, CQF, CAIA, MCSI is the Senior Vice President of Quantitative Services at KWA Analytics where he manages the development of analytical and quantitative solutions. He has over three decades of client experience working on financial projects in various industries and asset classes including energy, commodity, fixed income, FX, and equity.

Before joining KWA, Ram was the Principal Architect/Director at ION Group/OpenLink where he managed the Endur/Findur product development in Power and Capital Market sectors. Prior to joining OpenLink, Ram has worked at various investment firms and banks including BlackRock, SBC Warbug Dillion Reade, and Deutsche Bank on government securities, repurchase agreements, FX and equity derivatives.

Ram is on the advisory board of Hofstra University Zarb School of Business in Finance and is an Associate Professor in Finance at Hofstra University. He received a B.S. and M.S. in Computer Science with honors from Pace University and NYU Tandon School of Engineering. Ram earned his MBA in Finance from Hofstra University and the Certified Quantitative Finance designation from Fitch Learning. He is a Chartered Alternative Investment Analyst (CAIA) charter-holder and a member of the Chartered Institute for Securities & Investment.

Claus Murmann

Solutions architect

Beacon Platform

Claus Murmann has extensive experience in various roles within the financial and technology sectors. Currently serving as the Head of Partnership Solutions Engineering at Beacon Platform, Claus previously held positions such as Chief Executive Officer at alrt.ai, Head of Risk Analytics Systems at Standard Chartered Bank, and Executive Director at J.P. Morgan. With a background in Aerospace engineering from the University of Bristol, Claus has demonstrated a strong ability to lead and innovate in the industry.

15:5516:20

Ensuring data integrity in the age of transformation
Fireside chat

15:55 - 16:20

  • Explore challenges and opportunities associated with digital transformation and legacy architecture migration
  • Accelerating product development with accurate, reliable data and analytics 
  • Draw insights from challenger banks' agility and apply them to your strategy
Kai Lenz

Head of Financial Services Industry EMEA

ServiceNow

Claire Dancy

Risk, resilience & cyber ServiceNow specialist

EY

Claire has worked in a heavily regulated financial industry for over 25 years, delivering business transformation using the power of orchestration tooling and data models. She now works at EY, specialising in ServiceNow focussing on risk, resilience and cyber.  Claire is an expert in driving collaboration to connect and surface accurate data across organisations, enabling a holistic consumable capability for Risk and Security officers supporting effective decisions and actions confidently at pace.  

Phil Harding

Commercial editor

Risk.net

13:5514:00

Welcome to ESG and climate risk day 2

13:55 - 14:00

Navin Rauniar

Co-chair, ESG working group, and member & UK SteerCo member

Professional Risk Managers'​ International Association

14:0014:25

Energy transition and net-zero preparedness
Fireside Chat

14:00 - 14:25

  • What investments to retain when optimising portfolios towards net zero?
  • Exploring tried and tested tactics and strategies as firms begin the race towards net zero 
Jennifer Bell

Vice president, climate

Barclays

Tara Sabre Collier

MBA/MPA Director, impact investing & sustainable finance

Chemonics UK

Tara Sabre Collier is a global strategist, advisor, impact investor and speaker. 
She is the Climate Lead and Director of Impact Investing at Chemonics UK, where she supports governments and DFIs in designing, deploying and supporting climate and impact capital. She is a Visiting Fellow at Said Business School, Oxford University (focusing on impact investment), as well as strategic advisor to impact funds, endowments and development finance institutions.
She has over 15 years of international experience across impact investment, international development and management consulting industries. She has worked for the World Bank, the International Finance Corporation, the United Nations, Ernst & Young, Shell Foundation and GroFin Capital, among others. She has significant venture building experience in developed and emerging markets, as well as immense first-hand experience of running private sector development and enterprise development programs in emerging markets, having worked with government, investors, entrepreneurs and local businesses on the ground in USA, UK, South Africa, Brazil, Kenya, Nigeria, Peru, Ethiopia, Tanzania, Ghana, Angola, Mozambique, UAE, Qatar, Bahrain, Oman and others. She enjoys writing and public speaking and her articles and commentary on impact investment and inclusive economic development have been featured in Forbes, Entrepreneur, Elle, Yahoo Finance, TechCrunch and other publications.
She earned her MBA at Oxford University, as a Skoll Scholar. She earned her MPA in International Public/ Non-Profit Management & Policy from New York University and her BA in Spanish and International Affairs from Spelman College. She speaks English, Spanish and Portuguese fluently and has a working knowledge of French.

14:2515:05

Integrating ESG into credit risk frameworks
Panel discussion

14:25 - 15:05

  • What has been achieved by the industry so far and what are the major challenges impeding progress?
  • Review of best practice and real-world examples of ESG influencing credit decisioning 
  • Outlook: what needs to be tackled next? 
Victoria Collins

Global head of climate risk and ESG

Nomura

Victoria Collins' career spans over 25 years working in financial institutions, in trading, finance and risk roles, predominately in risk management. 

She has been with Nomura for ten years, focused on enterprise-wide risk management. Collins was appointed global head of climate risk & ESG three years ago. She is responsible for establishing and managing the global risk management framework for climate risk and ESG, and for ensuring risk management is aligned to the firm’s sustainability objectives, such as net zero.

Nadia Bouzebra

Head of model risk management, banking

Close Brothers

Nadia Bouzebra is the head of model risk management in Close Brothers, a UK merchant banking group who provides lending, deposit taking, wealth management services and securities trading. Within her current role, she is responsible for providing oversight and challenge to the models used in the Bank. The team ensures models are compliant with internal policy and governance, and with external regulations. They are also responsible for Close Brothers’ understanding and monitoring of the model risk through independent model validation and governance.

Bouzebra has a quantitative background - master’s degree in econometrics and a postgraduate in economics - with over 15 years of experience in risk management in the financial sector. She has worked in several significant engagements in France and UK, with a particular focus on model development, validation, risk governance, stress testing.

Giorgio Baldassarri

Global head, analytical innovation & development group

S&P Global Market Intelligence

Stella Farrington

Head of content, Energy Risk, commercial editor

Risk.net

Stella Farrington has been writing about energy markets for over 20 years, working at Futures World News and Dow Jones Newswires before moving to Energy Risk in 2004. She spent eight years as the editor of Energy Risk and six as a writer, before moving into her current role as Energy Risk’s head of content and a commercial editor with Infopro Digital’s Ignite team.

15:0515:30

Afternoon networking break

15:10 - 15:30

15:3015:55

ESG mastery: building sustainable portfolios and tackling greenwashing challenges
Presentation

15:30 - 16:10

In the rapidly evolving landscape of asset management, integrating Environmental, Social, and Governance (ESG) criteria into portfolio construction is essential for sustainable investing. This presentation explores practical methodologies for creating ESG-centric portfolios, providing insights into techniques that align investment strategies with sustainability goals while achieving competitive returns.
We will also delve into the regulatory framework in Europe, focusing on the latest EU regulations on fund labelling and disclosure requirements. Additionally, the session will address the critical issue of greenwashing—misleading claims about the environmental benefits of financial products—highlighting best practices to ensure transparency, accountability, and compliance in today's stringent regulatory environment.
Join Martina and Daniel to master the art of building robust, compliant, and genuinely sustainable investment portfolios.

Daniel Ung

Author

ESG Investing and Analysis - A Practitioner's Guide

Daniel Ung is the head of quantitative research and analysis, ETF model portfolio solutions at one of the world's largest global asset managers, where he is responsible for research on asset allocation using ETFs. Previously, he was a senior smart beta strategist and in charge of conducting product research and analysis of ETFs, with a particular focus on smart beta. Before joining his current employer, Daniel was a director of global research and design at S&P Dow Jones Indices, and worked in the Structured Products Group at Barclays Wealth and Investment Management and the Commodities Investor Derivatives Group at BNP Paribas Fortis Bank. He has published extensively in journals, is an associate editor of the Journal of Beta Investment Strategies and has co-authored books on ESG and smart beta investing. In addition, Daniel is also active in academia, and was a guest lecturer at the Imperial College Business School and an examiner of the Chartered Alternative Investment Association (CAIA) exams. He holds a masters from the Ecole Supérieure de Commerce de Paris and is a CFA, CAIA and FRM charterholder.

Martina Macpherson

Author

ESG Investing and Analysis - A Practitioner's Guide

Martina is an (advisory) board member, academic lecturer, writer and public speaker in sustainable investing. She has co-authored a range of ESG and Fintech books, including “The AI Book” (Wiley, 2020), the “Handbook on Species Extinction Accounting and Biodiversity” (Routledge, 2022), the text book on “ESG in Portfolio Analysis” (RiskBooks, 2022), the hand book on “Protecting Natural Capital and Biodiversity in the Agri-Food Sector” (Burleigh Dodds Science Publishing, 2024) and the handbook on “Sustainability Reporting (Edward Elgar Publishing, forthcoming, September 2024).

She has formed part of a range of leading industry associations and initiatives and sits on the board of the Future of Sustainable Data Alliance (FoSDA), the industry’s leading body for the ESG data, ratings and index industry, and is FoSDA’s co-chair of the Policy and Regulations working group. Moreover, she is a member of the All-Parties-Parliamentary-Group (APPG) on ESG at Houses of Parliament UK, and a member of the European Law Institute’s Sustainability Regulations Advisory Group. She sits on the Advisory Group of SG Analytics, a leading global technology company.

Martina has an MBA certificate in finance and business from London School of Business and Finance in the UK, and a M.A. in Law and Human Sciences from University of Frankfurt in Germany. She is a fellow member of the Institute for Corporate Responsibility and Sustainability (ICRS) UK, a honorary doctoral fellow of the Institute for Certified Risk Management Professionals (ICRMP) UK, and an alumnus of the German National Academic Foundation (“Studienstiftung des Deutschen Volkes”). She is currently undertaking a part-time PhD at University of Cardiff, UK, in sustainable accounting and finance.

 

13:5514:00

Welcome to op risk day 2

13:55 - 14:00

Andrew Brennan

Senior conference producer

Risk.net

14:0014:35

Basel III and its impact on operational risk management
Panel discussion

14:00 - 14:35

  • What happens to operational risk modelling if the direct link to capital requirements is no longer there?
  • What will be the impact of the EU's decision to set the internal loss multiplier to 1?
  • How far might we see global divergence on implementing the new SMA, and what are the implications?
  • What effects will the BoE's refusal to recognise op risk insurance have?
Philip Alexander

Desk editor, risk management and regulation

Risk.net

Philip Alexander is the regulation desk editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives and central and eastern Europe.

Prior to entering journalism, Alexander edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.

Michael Grimwade

Managing director, operational risk

ICBC Standard Bank

Michael Grimwade is managing director, operational risk, at ICBC Standard Bank and has previously held senior op risk management roles at MUFG Securities, RBS and Lloyds. Prior to this, he held management consultant positions at PwC and Deloitte Consulting. Grimwade has been a director of the Institute of Operational Risk (IOR) and is currently the chair of the Association of Foreign Banks' Operational Risk Expert Panel. He has authored a number of articles on setting appetite for op risk; scenario analysis techniques; climate change; quantifying emerging risks; and modelling op risk capital. He received an award in 2014 from the IOR for his contribution to the profession. His second book, Ten laws of operational risk, was published in December 2021.

Dimitris Bartzillas

Managing director of non-financial risk management

Formerly Credit Suisse

Dimitris is a managing director of non-financial risk management at Credit Suisse, where he is focused on the advancement of the non-financial risk principle primarily through the development of analytical methods & tools. He has global responsibility for capital and stress testing, risk appetite and NFR analytics, and is the 2021 winner of Innovation in Risk Management award from Risk.net.

Dimitris is also a member of the board of directors of ORX, the largest industry association with membership extending to 100+ international banks & insurers. He is the chairman of the ORX Board Audit, Risk & Quality Assurance subcommittee and works closely with ORX management on the association’s strategy.

Prior to joining Credit Suisse in 2010, he held multiple roles within group risk analytics at Lloyds Bank. Dimitris is mathematician and holds an MSc in Risk & Financial Mathematics from Brunel University.

Sean Titley

Independent risk consultant and member of Operational Risk Management Advisory Committee, Institute of Risk Management

Former Metro Bank

Enrique Muñoz Garcia

Group chief operational risk officer.

Banco Santander

14:3515:10

Green finance in a volatile climate: the new paradigm of banking resilience
Panel session

14:35 - 15:10

  • How climate events such as El Niño affect economic and banking stability
  • Navigating the rise in ESG standards, avoiding greenwashing and adapting to ESG reporting changes
  • Developing business continuity plans that withstand climate disruptions, and emphasise sustainable finance
  • The impact of penalties for false ESG claims and the value of transparency
     
Sharon Thiruchelvam

Regulation reporter

Risk.net

Maria Lombardo

Global head of ESG advisory, sustainable finance

Standard Chartered Bank

Maria Lombardo heads the global ESG advisory team at Standard Chartered Bank, supporting the bank clients in their sustainability and transition strategies. She spent more than 25 years in investment banking as managing director, heading emerging market equities sales at Lazard, UBS, Sberbank and Unicredit. 

Lombardo moved into sustainability in 2016 when she joined the non-profit CDP as head of their financial investor members. She then headed the ESG client strategies and climate change strategies at Invesco Global Asset Management in Emea, leading the growth of sustainability investment solutions and the set-up of the global asset manager’s climate strategy. Authors of ESG thought leadership whitepapers, mentor, and contributor to industry initiatives in sustainable financing. Lombardo holds a CFA ESG, a diploma at Cambridge University Sustainability Leadership Institute, along with a CEMS Master and a bachelor’s degree in financial intermediaries at Bocconi University. She is a member of the CFA UK Climate and Investing committee, and is a mentor of the acceleration programme at the Cambridge Institute of Sustainability Leadership.

Vasiliki Basiou

Director, operational and climate risk

UBS

Vasiliki Basiou has more than seven years experience in operational risk capital modelling at Credit Suisse. Currently, she is working on climate risk assessments for operational risk through analytics at UBS. Basiou is skilled in quantitative analysis and risk management, with a master's degree in financial risk management from University College London (UCL). She acquired a certificate in ESG investing from CFA in 2021 due to a high interest in climate risk management and the overall ESG realm.

Andrea Corrado

Director, group ESG risk

Deutsche Bank

15:1015:30

Afternoon networking break

15:10 - 15:30

15:3016:20

Cyber security frontiers: shielding finance in the era of digital complexity
Panel session

15:30 - 16:20

  • Supply chain vulnerability: strategies to protect against third-party cyber risks in financial operations.
  • Hybrid workplace risks: securing remote, hybrid and cloud-based access points against cyber threats.
  • Ransomware resurgence: analysing ransomware and double extortion in finance and mitigation.
  • Phishing economy and sophistication: tackling phishing, including phishing-as-a-service, through enhanced awareness and defence.
  • The human factor: addressing human vulnerability in cyber security systems
Tom Osborn

Editor, risk benchmarking

Risk.net

Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Osborn holds a bachelor's degree in English literature from the University of Warwick.

Neil Robinson

Chief information security officer

Virgin Money

Andrew Dillin

Cyber and physical threat intelligence lead

Natwest Group

Andrew Dillin is a seasoned security intelligence lead in the field of cyber security, with over a decade of experience in safeguarding digital environments from evolving threats. With a background in computer science and a passion for staying ahead of emerging cyber risks, he has dedicated his career to protecting organisations against cyber-attacks and security threats.

Throughout his career, Dillin has spearheaded numerous initiatives to enhance security postures, leveraging his expertise in threat intelligence, incident response, and vulnerability management. His insights have been instrumental in fortifying the defenses of a number of finance sector companies.

Eustathios Triantafellou

Commercial director, KY3P®

S&P Global Market Intelligence

Kishan Majithia

Executive director, cyber and technology controls

JP Morgan Chase

13:5514:00

Welcome to artificial intelligence

13:55 - 14:00

Mark Feeley

Global Brand Director

Chartis Research

Mark is the Global Brand Director at Chartis and has over 30 years’ experience in global capital markets, consulting and associated technologies focusing on risk management, front and middle office platforms and data management. Prior to Chartis he has held executive roles in large global financial institutions, consultancies and FinTechs in various positions including platform and software development, solution architecture, large scale program management, vendor selection and implementation and strategy development and execution. With a background covering front, middle and back office Mark brings a holistic view of business, technology and regulatory issues across the enterprise and how these issues can be addressed by leveraging appropriate technology solutions.  His primary focus has been risk technology and includes leading the global teams for risk technology at RBS Capital Markets and AIG, Middle office and front office technology teams at Barclays Capital, extensive consulting experience with major consulting organizations including EY and Deloitte together with extensive vendor experience including time at both Algorithmics and Misys (now Finastra). Mark has an MA from Oxford University and is Fellow of the Institute of Chartered Accountants in England and Wales.

14:0014:25

Front page news or back-office requirement? Decoding the tech stack
Presentation

14:00 - 14:25

  • The functionalities and applications of the tech everyone’s talking about – and the ones they’re not
  • The opportunities and limitations inherent in each: ensuring your teams know and can articulate the difference
  • Understanding (and developing a request for proposal for) the technology that fits your current challenges and identifying those that will serve you for the future 
Mark Lewis

Visiting professor in practice, law school (advanced technologies)

London School of Economics and Political Science

With near 40 years' experience, including UK government, senior legal private practice, corporate board level and academic roles, Mark Lewis is one of the UK's leading specialist technology lawyers. He advises customers and providers in the acquisition and deployment of mission-critical technology products, systems, and IT-enabled services in several sectors, with a focus on regulated financial services and essential national infrastructure.

After 27 years as a partner in leading City of London and international law firms, including as a practice head, and as co-founder and chair of law firms associated with PwC and EY, Mark has re-joined Stephenson Harwood LLP (after a 26-year break) as a senior consultant in the technology practice, based in their London office.  

Since 2019, Lewis has been a visiting professor in practice in the law school of the London School of Economics and Political Science, where he has lectured on AI and machine learning, cybersecurity and resilience, cloud computing and related computing business models and relationships. He has also been a guest lecturer on technology, outsourcing and offshoring at Warwick Business School and the Warwick Manufacturing Group.

Lewis has served as chair of Morgan Chambers plc, one of Europe's leading sourcing and outsourcing advisory firms (since acquired by KPMG), as an independent non-executive director of Delt Shared Services Limited (a public sector-owned provider of IT, cyber and business process shared services to regional government, the NHS and other public services bodies), as well as a non-executive director of CoSector (a provider of, among others, computing services to the University of London and other major UK universities).

He has contributed chapters to various books and leading texts on information technology and outsourcing, as well as co-authoring white papers on ethical investment in AI and the ethical and legal deployment of AI in human capital management. Lewis has had articles published in, among others, the Journal of Securities Operations & Custody, Practical Law (PLC), Practical Law Magazine, and was general editor and UK chapter author in Getting The Deal Through – Outsourcing (2014-16) and Getting The Deal Through – Cloud Computing (2018-20) ".

He was called to Bar (England and Wales) by Lincoln's Inn in 1982. He has practised as a Solicitor of the Senior Courts of England and Wales since requalifying in 1991

14:2515:05

The black box problem: delivering transparent, accountable AI solutions at scale
Panel discussion

14:50 - 15:30

  • Strategies for effectively delivering AI solutions at scale, addressing the complexities of implementation
  • The costs and challenges of widespread AI adoption and considerations for ensuring scalability, such as cloud hosting and upskilling/hiring requirements 
  • Transparently reporting and maintaining data quality when working with large language models (LLMs) 
  • Best practices and techniques to ensure the integrity and reliability of data inputs for optimal LLM performance
  • Anticipating regulatory scrutiny and implementing measures to ensure trustworthiness in AI systems.
Lukas Ziewer

Former group chief risk officer

Athora Holding

Biljana Vujović

Chief risk officer

Addiko Bank

Biljana Vujović is cheif risk officer for Addiko Bank, supervising the bank's management team, ensuring effective decision making and adherence to ethical standards. Her role includes continuously evaluating the bank's risk appetite and ensuring that risk management strategies are implemented effectively, ensuring that bank consistently meets regulatory standards, monitoring for potential violations, and overseeing the establishment and effectiveness of internal controls, as well as supervising the internal and external audit to ensure they are robust and independent. 

Vujović also chars the risk committee of the supervisory board

Samuel Sinayoko

VP, machine learning

JP Morgan

Marina Antoniou

Board member

ICAEW Financial Services Faculty

Marina specializes in risk management and innovation with a focus on Artificial Intelligence and digital transformation. She has extensive experience in global capital markets non-financial risks with a focus on conduct risk, rogue trading, fraud, financial crime, trade and comms surveillance. She also has experience in risks and controls relating to Artificial Intelligence, Large Language Models and Data Privacy.

Over the years, Marina has held positions as an executive committee and board member at various institutions and participated in Global Capital Market and Innovation forums.

Marina has extensive experience working with regulators globally. She acted as lead validator, at Top Tier banks, on regulatory conduct risk programmes sanctioned by the US Federal Reserve Bank and the US Department of Justice. Marina also acted as the Head of Global Markets Risk & Control Assessment at BNP Paribas. She was the Citigroup Head of Audit for a number of countries and received the Global recognition award for her performance. Previously, she worked in quantitative research as well as due diligence projects during M&A banking transactions and IPOs.

Marina is a qualified chartered accountant and member of the ICAEW. She completed a Technology Entrepreneurship course at Harvard as well as ‘AI Strategy & Governance’ and ‘ESG Risks & Opportunities’ courses at Wharton, University of Pennsylvania. She also studied FinTech at the University of Oxford Said Business School during which she developed a FinTech innovation idea aiming at fundraising for people impacted by natural disasters. Marina studied Investment Management at the London Business School and has an MSc in Economics & Finance from Warwick Business School.

Marina is very interested in technology. She focuses on digital transformation and driving innovation in risk management by using data analytics, LLMs and AI.  She is a member of the ICAEW Financial Services Faculty Board and ICAEW Digital Assets Steering Group. She is a founding member and vice-chair of the ExCo of the Hellenic Tech Network, participated in studies around the implementation of digital currencies, and reviewed the AI Governance of a leading FinTech academic centre in the UK.

Marina acts as guest lecturer at Executive MBA courses and speaker at conferences globally covering conduct risk, digital transformation, digital assets, Artificial Intelligence, FinTech and ESG. She is also a guest contributor on these topics writing in industry journals.

Ronald Lukassen      

Director, actuarial risk  

Athora Netherlands

Ronald Lukassen serves as the Director Actuarial Risk and Actuarial Function Holder at Athora Netherlands, a prominent Pension and Life insurer in the Netherlands and part of Athora Group.

Being part of this financially strong European group, Athora Netherlands can make use of unique investment expertise that helps to achieve a healthy, sustainable and safe return for its clients.

In this role, Ronald is, amongst others, tasked with establishing risk policies, conducting risk assessments and performing validations for all existing and developing models, encompassing AI-related data, assumptions, models, results, and processes. With a background in econometrics, membership in the Dutch Actuarial Society, and extensive leadership training, Ronald has held significant second-line positions. Before joining Athora, he gained experience at The Dutch Central Bank (De Nederlandsche Bank) in the Solvency II policy team, as well as serving as an investment manager at Aegon Asset Management. Aged 49, Ronald is married with two children and is recognized for his ongoing commitment to professional development.

15:0515:30

Afternoon networking break

15:10 - 15:30

15:3015:55

AI innovation in enterprises 101

16:00 - 17:00

  • Introduction for generalists.
  • Types of AI in enterprises: strengths and weaknesses.
  • The (long) road to generative AI adoption.
  • Spotlight on financial services: data analysis, content generation and practical tasks.
  • Examples: Macroeconomic risk identification, simplifying regulatory policies, client onboarding and selection, idea generation for research and investment, enhancing customer service and trading strategies, customising portfolios based on client preferences and more.
Adrian Cox

Managing director, thematic strategist

Deutsche Bank Research

Adrian Cox is a strategist on Deutsche Bank’s Thematic Research team, focused on the implications of Artificial Intelligence for investors, enterprises and society. He joined Deutsche Bank in 2009 and held senior leadership roles in Communications in London and Sydney before joining DB Research. He previously spent a decade covering finance and economics as an award-winning journalist and editor at Bloomberg News and the Financial Times in London, Brussels and New York. He is a graduate of Cambridge University and has an MBA from City University in London.

15:5516:20

AI in practice: case studies and wishlists
Fireside chat

17:00 - 17:30

  • Integrating AI into underwriting processes
  • Practical approaches to AI deployment – from a risk function perspective
  • Moving away from the risk/reward dichotomy with AI
Lucy Currie

Group risk director

Hiscox

Lucy is a qualified actuary with over a decade of experience in risk management roles. She began her career in pensions consulting, followed by 7 years at the Pension Protection Fund where she held a variety of roles spanning areas ranging from developing UK and EU legislation to capital modelling. Prior to Hiscox, she was the Group Financial Risk Director at Bupa, a designated IAIG  (among the largest and most geographically diverse insurance groups regulated by the PRA). Her current role spans both financial and operational risk across Hiscox’s international specialist insurance portfolios. Lucy has broad experience of considering how risk functions can support their 1st line as AI is adopted into BAU.

Lukas Ziewer

Former group chief risk officer

Athora Holding

Connect with peers, put your questions to the experts, take away practical ideas to help your business.

14:0015:00

Roundtable: Counterparty risk for the trading book
Interactive session

14:25 - 15:05

  • Proliferation of non-bank counterparties - how well Banks know them? 
  • From LTCM to Archegos - were lessons learnt, are they now?
  • How to take correlation between counterparties into account, methodologically and regulatory?
     
  • Do new 2024 Fed stress-tests adequately reflect wrong-way-risk and jumps-at-default?
     
  • Latest consultation of Basel on PFE - mandatory Monte Carlo, WWR, jumps. Will PFE and XVA methodologies merge now?
     
  • Is inadequate methodology of PFE calculation the main culprit of Archegos affair?
     
Jack Goss

Director, professional services

Quantifi

Jack joined Quantifi in 2018. Jack is responsible for Professional Services and oversees all client related activity including implementations, product customizations and pre and post sales support. After graduating from economics at Cambridge, Jack started work for Henderson Global Investors as an Investment Analyst after which he moved to Rail-Pen as an Investment Manager. Jack then transitioned to Imagine Software where he was Head of Consulting (EMEA) and specialized in quantitative implementations. Jack holds numerous financial qualifications including a master’s degree in quantitative finance from CASS business school.

Sebastian Hahn

Head of global sales

Quantifi

Sebastian joined Quantifi in 2019 and is responsible for Global Sales. Prior to joining Quantifi, Sebastian worked at BNP Paribas structuring FX and Commodity derivatives. He holds two MSc degrees from The London School of Economics and Political Science spanning the fields of finance, economics, mathematics and philosophy. 

15:0015:30

Afternoon networking break

15:10 - 15:30

15:3016:20

No more D in 3LOD
Interactive session

15:30 - 15:55

  • Outdated 3LOD model: Risk department provides oversight and challenge
  • New 3L model: Expertise, support and assistance in addition to oversight and challenge
  • Diminishers and Multipliers: bureaucratic vs commercial risk management 
  • Maximizing the brand of the Risk Department
     
Elena Pykhova

Director

The Op Risk Company

Elena Pykhova is an expert in risk and resilience matters and author of a best-selling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions. 

Based in London, she is a renowned educator, who for many years has run public and in-house training courses in the UK and internationally for world-leading organisations including the London Stock Exchange Group Academy, The Moller Center, Cambridge University and Risk.net. Elena is also a thought leader, influencer and founder of a prominent industry think tank, the Best Practice Operational Risk Forum. She is a former Director for Education at the Institute of Operational Risk and chair of the Operational Risk Expert Panel for the Association of Foreign Banks. Elena founded her training and consulting practice, The OpRisk Company Ltd, after 20 years of experience in senior roles at Fortune 500 companies, such as Citigroup, American Express, Deutsche Bank and Banco Santander.

She is a frequent speaker at conferences and writes articles for Thompson Reuters, Advantage Talent Inc, Risk & Compliance Platform Europe and other publications. 

 

 

Closing keynotes

16:2016:25

Closing keynote room interchange

16:20 - 16:25

16:2516:50

Mission critical: NASA's journey in risk management
Keynote presentation

16:25 - 16:50

The presentation will discuss NASA’s risk management system that was implemented following the 2003 Columbia disaster, a failure whose root cause included the lack of proper risk monitoring, assessment and control. NASA has worked to develop a rigorous risk management approach including procedures to identify, analyse, track and control elements of risk, factoring in their interrelationships to increase the probability of success of its missions and objectives. These risk processes, tools and systems are deployed within the whole enterprise and integrated with other management processes including system engineering & analysis, project control of budgets & schedules, and meeting safety & mission assurance requirements. Key design and operational risks will be discussed including general lessons learnt from developing and implementing risk management within projects.

Jeevan Perera

Senior engineer

NASA

Jeevan Perera is currently the risk manager for the Orion space vehicle. The Orion is NASA's new spacecraft which will replace the Space Shuttle, service the International Space Station, and then return astronauts to the moon and eventually mount expeditions to Mars.  Perera has been with NASA for 20 years. In his current capacity, he is responsible for risk management policies, processes and analytical tools that ensure the successful deployment and operations of this new spacecraft. Perera oversees both quantitative and qualitative risk analysis processes and provides technical direction to a team of risk analysts. Formerly as the International Space Station risk manager, he designed, developed, implemented and improved the program's risk management processes through a phased, systematic approach setting the standard for NASA’s risk practice. Prior to his work in risk management, Perera has worked in different technical fields in support of many NASA programs and projects. These duties have included management responsibility for versions of the primary and back-up flight software for the Space Shuttle and development responsibility for other software used aboard Space Shuttle and International Space Station missions. 

Perera has been a member of the board of trustees for a local homeowners association, has provided legal advice to the United Space School, a foundation for international space education that brings student from around the world for focused classes on space related disciplines. He often presents on space topics at schools, universities, public events and international conferences. Perera has both a Jurisprudence Doctorate (law) and a PhD in Industrial Engineering.

16:5017:30

Decade decoded: risk and resilience in tomorrow's landscape
CRO & CIO keynote panel

16:50 - 17:30

  • Explore the immediate challenges, offering insights into macroeconomic trends, geopolitical risks and the uncharted territories that risk professionals must navigate.
  • Join us for a dynamic conversation that will decode the complexities of tomorrow, providing a road map for resilient risk management in an ever-evolving global landscape.
  • Decode the future: join CROs and CIOs in predicting a decade of macro trends, shaping asset valuation, interest rates and portfolios.
  • Beyond the headlines: uncover risks shaping the global economic landscape today, tomorrow and in 10 years’ time.                                                                                              
Michael Sparks

Chief risk & compliance officer, issuer services

BNY Mellon

Sebastjan Smodis

AM EMEA & UK chief risk officer, global head of traditional investment risk

UBS

Anthony Lawler

CEO and chief investment officer

Cadwyn Capital

Saadia Mujeeb

Former chief risk officer

17:3017:35

Closing remarks

17:30 - 17:35

Emma Pearce

Head of events, Europe

Risk.net