Agenda Day 2

Risk Live North America - Nashville Day 2

Welcome Back! Morning Keynotes

09:3010:00

Breakfast & welcome back to Risk Live North America 2024

09:30 - 10:00

10:0010:45

Opening keynote

10:00 - 10:45

In this keynote address, a senior regulatory official will explore the evolving landscape of banking supervision, discussing new approaches, technologies, and policies aimed at enhancing financial stability and promoting a resilient banking sector in an era of rapid technological change and emerging risks.
 

10:4511:15

The “Big Think” Keynote – What does it take to succeed in the current risk environment?

10:45 - 11:15

Everything and the kitchen sink, what challenges haven’t been thrown at risk practitioners of the past years? What has helped them to succeed and overcome? Is there a playbook? What can be leveraged from other industries, verticals, and practitioners? 

11:1511:30

Quick break

11:15 - 11:30

Thematic Streams Continued

11:3012:00

Model Risk Management Keynote

11:30 - 12:00

  • Should we be taking the risk of non-bank financial institutions and cryptocurrency more seriously? Could they pose the next big, ‘over-the-horizon' risks?

  • The profession is changing – what do you need to know?

  • Modeling remains at the forefront of risk management – what obstacles and hindrances must you be aware of and avoid? 

Steve Boras

Executive vice-president

Citizens Bank

Steve Boras is the Head of Model Risk Management & Validation at Citizens Bank in Boston, focused on managing the model risk of the bank via validation of models, performance management and monitoring of outcomes, and serving as a sounding board for new and emerging modeling techniques and their respective appropriateness. Since joining Citizens in 2015, Steve has led several risk analytics functions, most recently heading the Risk Architecture Center of Excellence (covering loss forecasting model development for CCAR/DFAST and CECL, and PD, LGD, and EAD modeling for wholesale), as well as anti-money laundering modeling, macroeconomic scenario generation, and Data Science.  Steve also holds leadership roles in enterprise risk, ESG and Inflation/Stagflation scenario analysis, and artificial intelligence and machine learning governance.

Mitchell Button

SVP, Head of financial model validation

US Bank

Mitchell Button is a senior vice president and head of financial model validation for US Bank.  Mitchell’s team is responsible for managing model risk for the bank’s market risk, counterparty credit risk, interest rate risk and valuation models.  Prior to his current role, Mitchell has more than a decade of experience building and validating high risk models, including leading teams in areas focused on capital markets and asset liability management.   He has a master’s in economics and finance from University of North Carolina – Charlotte and a certified FRM with GARP.

George Soulellis

Enterprise model risk officer

Freddie Mac

George Soulellis currently serves as Enterprise Model Risk Officer for Freddie Mac with overall responsibility for model risk management in the firm. Previously, he served as Managing Director, Risk Analytics for Barclays Bank in the UK, overseeing risk model development and analytics. He has also held leadership positions in the risk management/modelling/analytics space at Citigroup, General Electric and JP Morgan Chase. His interests primarily lie in model uncertainty measurement, model risk under conditions of extrapolation, machine learning methods and modelling for capital requirements.

12:0012:30

Model Uncertainty, Validation and Stress Testing

12:00 - 12:30

How can you build reliable and robust validation into your models? What has recent stress testing shown? Where are the gaps? What must we model for?

Arsa Oemar

Director, credit model risk

US Bank

Arsa heads up the Retail Credit Risk Capital Model Validation group at U.S. Bank. His team covers CECL and CCAR / DFAST stress testing models for all Retail products including mortgage & HELOC, personal loans, credit card, and auto loans & leases. Prior to joining U.S. Bank, Arsa was Head of Model Risk Management at MUFG Union Bank. He has over 18 years of experience in the financial industry in various credit risk modeling and analytics roles across Wholesale and Retail lending portfolio; previously he was in Morgan Stanley, Bank of America, and Goldman Sachs. Arsa holds a BS in Computer Science and MS in Computational Finance from Carnegie Mellon University and has passed CFA Level III.

Alla Gil

co-founder

Straterix

Alla Gil is co-founder and CEO of Straterix, which provides unique scenario tools for strategic planning and risk management. Prior to forming Straterix, Gil was the global head of Strategic Advisory at Goldman Sachs, Citigroup and Nomura, where she advised financial institutions and corporations on stress testing, economic capital, ALM, long-term integrated risk projections and optimal capital allocation.

Christophe Rougeaux

TD Bank

Head of non-retail model validation

Recognized thought leader who has served as a C-level advisor and helped financial institutions implement pragmatic solutions related to Model Risk Management and Analytics.
Christophe previously led McKinsey's Model Risk Management service line in North America. Since 2024, he is the head of non-retail model validation at TD Bank Group where is leading a large team of data scientist covering non-retail models in US and Canada.

12:3013:00

The never-ending Basel III endgame: what comes next?

12:30 - 13:00

• Can the proposed rule be fixed?
• What do the ongoing delays mean for banks?
• What best practices and strategies can help navigate ongoing uncertainty?

13:0014:15

Lunch & networking

13:00 - 14:15

11:3012:15

Diversifying your portfolio - what risks must be front of mind?

11:30 - 12:15

  • A holistic look at portfolio design - what must you consider?

  • Managing and crafting a global portfolio can be challenging – what best practices can you count on? 

12:1513:00

Market uncertainty is a certainty – now what?

12:15 - 13:00

  • Managing uncertainty is now part of the daily grind – what have we learned since 2023? 

  • The evolution of portfolio analytics – have we effectively leveraged tech, or do we need a new approach? 

Kirat Singh

Chief Executive Officer and Co-Founder

Beacon

Kirat Singh has had a long career as one of Wall Street’s premier technologists. Prior to co-founding Beacon, Kirat spent four years launching and delivering the Quartz project at Bank of America Merrill Lynch, which is now used by more than 5,000 developers across the bank. Before that, he launched and delivered the Athena project at JPMorgan with Beacon co-founder Dr. Mark Higgins, and spent eight years at Goldman Sachs building the SecDB platform used across the firm.

13:0014:15

Lunch & networking

13:00 - 14:15

11:3012:15

Innovations in third and fourth-party monitoring

11:30 - 12:15

  • Innovative approaches to third-party documentation and control reviews.

  • The role of AI in transforming third-party risk management.

  • Overcoming common obstacles in vendor monitoring practices.

  • Managing concentration risks with major cloud providers.

  • Adapting to recent interagency guidance on third-party risk management. 

Chris Beck

Managing director

Milliman

Chris is a member of Milliman’s Cyber Risk Solutions (CRS) practice group.  The practice delivers a portfolio of risk consulting services, such as enterprise risk design, cyber risk assessment and quantification, test and build projects, operational risk assessments, enterprise risk management (ERM) education and training, and ERM technology evaluation. The CRS practice uses diagnostic consulting strategies to understand an organization’s enterprise risk goals and challenges and then customize solutions to deliver required business results. 

EXPERIENCE

Chris has 15 years of professional experience.  His experience includes work in the banking, insurance, capital markets and card sectors helping clients assess and mitigate risk. 

Prior to joining Milliman, Chris was a Senior Manager in Accenture’s Finance and Risk Management Consulting practice, delivering work for global financial service clients.   Additionally, Chris served as an active duty Naval Officer and has multiple overseas deployments. 

Professional experience and subject matter advisory includes: 

  • Cyber Security metrics and governance
  • Financial Service Regulatory and Compliance initiatives
  • Risk Management 
  • Corporate and Risk Governance
  • Surveillance 
  • Financial Services operating model and cost reduction
  • Regulatory remediation and responses
  • Legal department risk and optimization
  • Leading large cross functional projects and teams

EDUCATION

  • BS Political Science, University of Wisconsin–Madison
  • MBA, University of Chicago – Booth School of Business

Paul Gallagher

Chief operating officer

Thread Bank

Michael Kenney

Vice-president, operational risk, asset management and operations

FreddieMac

As Vice President of Operational Risk, Michael leads the first line of defense risk management for financial crimes, privacy and information security, business resiliency, vendor management and compliance with regulatory requirements. Mike and his team establishes the risk direction by aligning the Multifamily Governance Framework with the business operating model. He continually improves governance by understanding the multifaceted drivers that effect risk environment.

Jeannie Pumphrey

Director, and head of third-party and operational risk management

Mitsubishi UFJ Financial Group

12:1513:00

Addressing IT and multiple domain disruption risks in the banking sector

12:15 - 13:00

  • Understanding the subdivision of emerging risks and their specific impacts on US financial institutions.
  • Examining the consequences of IT disruptions within the context of US digital banking and customer service.
  • Strategies for US banks to enhance digital resilience.
  • Future outlook for IT disruption risks in the US financial sector and effective management practices.
Mark Hofberg

Risk solutions executive

ServiceNow

Mark Hofberg is an accomplished risk management leader with over 20 years of industry experience.  He previously served as a leader in a variety of audit, risk and compliance management functions within retail, wealth, and investment banking at Bank of America.  Mark currently serves customers as Risk Solutions Executive within ServiceNow’s financial services division.  Prior to joining ServiceNow, Mark served as RSA Archer’s field risk officer for US and Canada.

Mark has held various senior leadership roles at Accenture, Bank of America, RSA and now guides customers on their integrated risk transformation journeys with ServiceNow.  He is passionate about the evolution of risk management, emerging risks, and the utilization of technology to optimize business outcomes.  Mark has co-authored white papers on impacts of technical debt, digital risk, and has a patent on optimization of technology decisions (US 8,321,363 · Issued Nov 27, 2012) along with a patent pending process risk prioritization model.  Mark holds a bachelor’s degree in engineering from North Carolina State University.

Robert Faulkner

Vice-president, and risk and control manager

PNC

With 14 years of Financial Services industry experience, Rob currently leads the Internal and External Loss Data team within Operational Risk Management at PNC. Rob has developed new risk frameworks and identifies and provides risk management and control solutions to address high profile and complex problems. Rob has overseen acquisition duties including integration of enterprise-wide risk data. Prior to joining PNC, Rob spent 7 years at BNY Mellon with positions in Asset Servicing and Global Markets. Rob has a keen eye for process improvements and automation using technology in the risk management and data analysis space.

Rob has held leadership roles at both PNC and BNY Mellon and holds a BSBA with a concentration in Economics from Robert Morris University and an MBA with a concentration in Management Information Systems from Point Park University.

Badri Iyengar

Senior vice president, global technology compliance and operational risk

Bank of America

Badri is a forward-thinking operational risk executive with over 15 years of experience in the financial services industry. As a senior vice president, operational risk executive, Badri is accountable for the effective execution of the bank’s operational risk programme for the global technology organisation. As part of this role, he and his team provide oversight of key operational risks including data risk, cybersecurity, resiliency, technical change across global technology CIO organisations. Badri has a proven track record of developing and implementing comprehensive risk management strategies that safeguard organisational assets, enhance regulatory compliance, and optimise operational efficiency. Prior to this role, Badri served as the operational risk lead for the consumer and small business organisation with a focus on implementing the operational risk programme and strategies across consumer products and services, including but not limited to, credit card, ATM/online banking, first mortgage and home equity. Badri joined Bank of America in 2010 in the global risk management organisation and has since then served on multiple credit and operational risk roles. He received his B.S. degree in electrical engineering from VIT University, India and earned his Master’s degree in mathematical finance from University of North Carolina, Charlotte.

Viral Sanghvi

Director - application production support for global banking, ALMT & functions Americas

BNP Paribas CIB

13:0014:15

Lunch & networking

13:00 - 14:15

11:3012:15

Cloud tech, use, capabilities and effective deployment – What does meaningful use look like in 2024?

11:30 - 12:15

  • The strengths, capabilities, and limitations, what does effective use of the cloud look like? 

  • What are the most common and costly risks across the cloud infrastructure? 

  • The latest innovations and capabilities with AI integration? 

  • Are there any new challenges in adapting to changing technology? 

  • What are the latest applications of AI for risk management? 

Diksha Gulati

Cloud architect

Google

William Hayden

Assistant General Counsel

Microsoft

12:1513:00

How can you optimize IT infrastructure for agility, user empowerment, and cost savings by leveraging digital transformation?

12:15 - 13:00

  • Going beyond the buzz words – what technology has successfully been proven as a force multiplier?
  • How can you easily deploy new calculations, models, and dashboards?
  • Are you looking to empower your business users while reducing the workload on IT resources?
  • Want to lower costs by consolidating and rationalizing your IT ecosystem?
  • How can you support the transition to the cloud to bring greater agility to your business?

    (ActiveViam SME tbc)
Paul Gallagher

Chief operating officer

Thread Bank

13:0014:15

Lunch & networking

13:00 - 14:15

11:3012:15

I am who AI say I am

11:30 - 12:15

  • Identity theft, selling personal information on the dark web and phishing attacks.
  • Machine learning algorithms to gather personal information from various sources such as social media and public records to create detailed profiles of their victims for identity theft purposes
  • AI-powered bots carry out phishing attacks, impersonate individuals and manipulate financial systems by generating realistic-looking emails and messages to deceive victims
  • AML/CTF failures
  • B2B daily transactions

     
Joanne Cash

Head of CSD/IS control management

BNY Mellon

Abeer Afridi

Director IB&M

Commonwealth Bank

Hassan Omidi Firouzi

VP, applied AI ML lead

JPMorgan Chase

12:1513:00

Strengthening business continuity, disaster recovery, and TPRM in the US regulatory framework

12:15 - 13:00

  • Overview of the US regulatory landscape on business continuity and disaster recovery, and third-party risk management.
  • Interplay of risks affecting US financial institutions’ operational resilience geopolitical, cyber, and third-party risks).
  • Best practices for US financial institutions to prepare for and comply with heightened regulatory expectations and the potential for increased penalties.
Tamara Culler

Director for governance and operational risk policy

Office of the Comptroller of the Currency’s

In this role, Ms. Culler manages the team responsible for establishing governance and operational risk policy. She addresses emerging issues in corporate and risk governance, bank management, and operations, and represents the OCC on various interagency working groups, committees, and forums. She assumed these duties in June 2022.

Before her current role, Ms. Culler served as the senior advisor to the senior deputy comptroller for large bank supervision, where she was an expert advisor on a broad range of policies, procedures, and special projects affecting the large bank portfolio, specific institutions, and OCC operations. Before that, Ms. Culler served in various supervision roles in large bank supervision and midsize and community bank supervision. She was also a member of the agency’s inaugural enterprise risk management team.

Ms. Culler began her OCC career in 2005. She was commissioned as a national bank examiner in 2010 and attained the federal thrift regulator certification in 2014. Ms. Culler is a graduate of Loyola University New Orleans with a bachelor’s degree in business administration and a concentration in finance.

13:0014:15

Lunch & networking

13:00 - 14:15

Roundtable Breakouts

14:1515:15

Diversifying risk frameworks: How asset managers are adapting amidst a turbulent market landscape
Invitation Only - roundtable

14:15 - 15:15

  • The impact of an uncertain rate environment, continued volatility, sticky inflation and recession fears  
  • Emergence of new risk factors - Integrating climate risk considerations into the Risk Management framework
  • The future of liquidity risk management based on lessons learned from recent events
  • Implications of Artificial Intelligence on investing strategies and how this may change risk management
  • Risk management of upcoming macro and geopolitical events, especially the impact of the quantitative tightening and the US / UK elections 
Luke Armstrong

Head of Buy Side Risk

S&P Global Market Intelligence

Luke Armstrong is the Head of Buy Side Risk at S&P Global Market Intelligence. He has a decade of experience in buy side risk management working at CQS and Bluebay Asset Management. As Head of Buy Side Risk, he is responsible for the design and build of S&P Global Market Intelligence's next generation buy side risk management platform. Luke holds a BEng in Aerospace Engineering with first class honours from the University of Southampton.

Stream

Roundtable thematics

Thematic Roundtables (Attendee Select)

14:15 - 15:15

Two 30-minute interactive discussions led by industry experts:

2:15  (Start)

  • The Evolution of model risk management
    Participants discuss tools, technologies, capabilities, and how regulation is impacting modeling risk

2:45  (Start)

  • The critical role of clean and accurate data in digital transformation
    Participants discuss challenges around data risk, as well as safeguard strategies to meet the demand for efficient risk evaluation.
    Speaker: Raj Narayan, Senior audit manager, Truist 
    Speaker: Parameta SME TBC

 

Raj Narayan

Vice president, senior audit manager

Truist

Industry Streams

15:1516:15

Stream

Industry Experiential Streams

Model Risk Management
Room (Diplomat A)

15:15 - 16:15

  • Model risk management best practices
  • Capabilities and tools that should be available to financial organizations looking to build transparent model risk practices
  • How will AI evolve modeling risk?
  • What are the risk and rewards of AI and automation?

Stream

Industry Experiential Streams

Portfolio Curation: Lessons learned in crafting a balanced portfolio
Room (Diplomat B)

15:15 - 16:15

  • The shift from public to private
  • Movement to non-public, illiquid markets, issuing debt in the private market  
  • Debt risk increasing in high interest rate environments  
  • Identifying proficient private credit managers
  • Scrutinising risk in the absence of a historical track record
  • Macroeconomic exposures and industry restructuring: the role of treasury/funding in the value chain 

Stream

Industry Experiential Streams

Tech showcase and exercise
Room (Diplomat C)

14:45 - 16:15

Dedicated interactive exercise, leveraging technology to address and showcase one or two major industry issues – providing participants with a real-time and practical view into risk assessment, decision-making and mitigation.​

Stream

Industry Experiential Streams

ERM Case-Study: Tackling the biggest risks in 2025
Room (Diplomat D)

15:15 - 16:15

  • Economic conditions and financial pressures
  • Regulatory changes, requirements, and greater scrutiny
  • Doing more with less - building and growing efficiencies
  • Cyber-threats
  • People, Process, and Performance 

Stream

Industry Experiential Streams

Basel III Practical Exercise Roundtable
Room (Crescent)

15:15 - 16:15

Roundtable format – three parts (invitation only, 10-12 attendees) discussion forum addressing a major industry issue​
Part 1 – SMEs propose, identify and establish the scope of the issue for participants​
Part 2 – Participants break out to discuss issue specifics and potential courses of action/solutions​
Part 3 – SMEs and participants reconvene for discussion and solutions presentation​
 

Closing Afternoon Keynotes

16:1516:25

Reset, Rejoin & Refreshment break

16:15 - 16:25

Participants can grab a quick refreshment, reset, and rejoin the afternoon keynotes in the main stage areas.

16:2516:55

Keynote – Support & succeed: elevating people, skills and capabilities for success

16:25 - 16:55

  • How can teams and organizations thrive with greater demands on efficiencies?

  • Rethinking team building, what does a successful team dynamic require?

  • Where do things go wrong and how do you pivot for success? 

Emily Nachlas

Chief Risk Officer

Western Alliance Bank

Emily Nachlas is the Chief Risk Officer of Western Alliance Bancorporation.

In this role, Ms. Nachlas brings nearly 25 years of experience in financial services risk management to oversee Western Alliance Bancorporation’s second line of defense risk management teams and processes. Since joining the bank in 2019, she has evolved the organization’s risk management strategy, organizational risk framework, and infrastructure commensurate with its size and complexity as it crossed the regulatory threshold beyond $50 billion in assets. She provides overall leadership, vision, and direction for enterprise risk, credit risk, financial risk, strategic risk, compliance, BSA/AML, operational risk, credit review, and model risk management.

Before joining Western Alliance Bank, Ms. Nachlas specialized in developing risk management programs as Executive Vice President and Director of Enterprise Risk Management at IBERIABANK in New Orleans and previous risk management positions at HSBC, Amegy Bank and Hibernia National Bank. She holds a Bachelor of Science degree in Management from the A.B. Freeman School of Business at Tulane University and a Master of Business Administration degree from the University of New Orleans.

Within the banking industry’s risk management discipline, Ms. Nachlas serves on several boards and councils, including the National Mid-Tier CRO Council of the Risk Management Association, as well as the local Phoenix RMA chapter. She is a frequent speaker and presenter at industry conferences. In 2022, she was named among Arizona’s Most Influential Women in Business. As a committed ally, she is the Executive Sponsor of PRIDE@Work, the BRG for Western Alliance Bank’s LGBTQIA people and allies.

Ms. Nachlas lives in Phoenix with her husband and two children. As a volunteer with Arizona Small Dog Rescue, she has fostered more than 50 small dogs since 2016, ensuring they have safe forever homes.

Peter Moenickheim

Chief Risk Officer

Evolve Bank & Trust

Mr. Moenickheim has more than 20 years of experience assessing and managing risk for the banking, consumer finance, and payments industries. Prior to joining Evolve, Mr. Moenickheim served as CRO for Gateway First Bank. He has held similar positions with Ocwen Financial, Santander Consumer, and JPMorgan Chase. Mr. Moenickheim received a Bachelor of Science in Economics from Princeton University. He’s also an ABA Certified Enterprise Risk Professional (CERP) and a graduate of the ABA Compliance School.

16:5517:25

Closing afternoon keynote: Global projection 2025

16:55 - 17:25

  • What trends, challenges, and opportunities await in 2025? 

  • Going beyond AI what tools and tech can we leverage? 

  • No matter the strategy or tools, people are key, how can we leverage our most important asset and skills? 

17:2517:30

Day 2 - Event closing remarks

17:25 - 17:30

17:3019:00

Grand Ole Afterparty

17:30

“Don't be dismayed at goodbyes. A farewell is necessary before you can meet again." Meet at our first joint “The Union Station Nashville Yards” just across the street from the Grand Hyatt, then embark on our journey to a lineup of carefully selected honky tonks by the Risk.net Nashville team.

Limited capacity – indicate your interests when you register for the conference.