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8:00 Registration and breakfast
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8:50 Welcome address: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION
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9:00 Keynote address:
Commissioner Scott O'Malia of the US COMMODITY FUTURES TRADING COMMISSION
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9:40 Regulatory panel: Regulatory update for operational risk practitioners
- Pain points for oprisk managers in the new regulation
- Regulatory scrutiny: where banks might fall down
- A priority check-list for oprisk managers
- The role of the Prudential Regulatory Authority and Financial Conduct Authority in assessing Operational Risk
- Recent development from the European Banking Authority;
- The outlook for the simpler methodologies
Moderator: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION
Rudi Bonte, Special Representative for Banking Supervision, NATIONAL BANK OF BELGIUM
Frank Corleis, Federal Financial Supervisory Authority, BAFIN
Bernd Rummel, Principle Policy Expert, EUROPEAN BANKING AUTHORITY
Andrew Sheen, Manager, Infrastructure Team, Risk Specialists Division, PRA
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10:40 Morning coffee break
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Stream one:
Building an oprisk framework that adds value
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Stream Two:
Forecasting and mitigating tail events
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11:10
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Chairman's opening remarks: Simon Ashby, Head of the Accounting and Finance Group, PLYMOUTH BUSINESS SCHOOL
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Chairman's opening remarks: Carsten Steinhoff, Head of Operational Risk, NORDDEUTSCHE LANDESBANK
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11:20
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Reducing operational risk through improved visibility across sales and trading
- Understanding the business impact of poor visibility
- Becoming proactive in detecting, understanding and preventing risk
- Using technology to provide a holistic view
Laura Hutton, Fraud & Financial Crime Solutions Director, SAS
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Cybersecurity and service resilience
Michael Paisley, Head of Operational Risk Unit, IT & Operational Risk, SANTANDER
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12:00
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Presentation: New approaches to loss data collection
- Overcoming data gaps
- What the regulator expects
- How much data is enough?
Simon Tse, Deputy Director Operational Risk, SANTANDER
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Challenges in setting up and running an effective, value added op risk management organisations
- Choosing an appropriate process model to assess process-related risks
- Defining metrics to prioritize risk and facilitate a successful risk dialogue
- Getting reliable data
- Setting up meaningful risk reporting
- Avoiding adverse incentives
Ellen Davis, Director of Workflow Proposition Marketing, THOMSON REUTERS ACCELUS
Beat Hodel, Chief Risk Officer and Member of the Extended Executive Board of the RAIFFEISEN GROUP
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12:40 Lunch
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13:40
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IT - friend or foe when it comes to operational risk?
- Recent high profile service interruptions in the financial sector have put a spotlight on IT as a source of operational risk. How do you ensure your IT and Business area teams are thinking about data protection, availability, quality, and consistency in the right way?
- Why not think about IT differently? - IT working together with your subject matter experts can enable the business with an integrated platform for risk insights and the ability to adopt a ‘plug and play' approach to risk modelling from the data they are stewarding
- Don't just let IT be an input into your operational risk thinking - it can be at the heart of an enterprise wide, performance-oriented, governance risk and compliance strategy
Rob Lamb, Chief Technology Officer for Enterprise Accounts, EMC UK & Ireland |
OpRisk budgeting and risk mitigation
- Achieving loss data completeness via general ledger analysis
- Development of an operational risk budget
- Implementation of OR budget and link to risk Mitigation and measures
Guenther Helbok, Head of Operational Risk and Reputational Risk, Credit Risk Validation and Basel Compliance, UNICREDIT BANK AUSTRIA
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14:20
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Presentation: Current regulatory concerns
- The role of modelling in Operational Risk
- Common issues when calculating pillar 2
- Do the three lines of defence have a role in operational risk
- Other common issues
Andrew Sheen, Manager, Infrastructure Team, Risk Specialists Division, FSA (PRA from 1 April)
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Leveraging the operational risk framework to implement a reputational risk management process
- Reputational risk and its link to operational risk and other risk types
- Governance structure for managing Reputational risk at HypoVereinsbank/role of the OpRisk managers
- Regular reputational risk identification and assessment (RTB)
- Reputational risk identification and assessment for transactions and change processes (CTB)
- Practical experience from the reputational risk framework implementation at HypoVereinsbank
Petra Merl, Head of Operational Risk, HYPOVEREINSBANK
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15:00 PANEL DISCUSSION: Embedding operational risk in the front office
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How do you raise risk awareness of operational risk within business units?
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Changes in organizational structure due to regulation: what is acceptable going forward?
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Adapting to new business needs: comparing experience
- Getting the business ready for new regulation
Moderator: Brenda Boultwood, Senior Vice President of Industry Solutions, METRICSTREAM
Simon Ashby, Head of the Accounting and Finance Group, PLYMOUTH BUSINESS SCHOOL
David Dietman, Executive Director, Global Head of Equities Operational Risk, NOMURA
Ken Webster, Head of Operational Risk, Commercial Banking & Funding, LLOYDS BANKING GROUP
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15:40 Afternoon coffee break
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16:50 BEST PRACTICE ROUNDTABLES
- How effectively to identify, monitor and report KRIs led by Cathy Hampson, Regional Head of Operational Risk for EMEA and Asia, AIG ASSET MANAGEMENT
- NPD - controlling risk without killing innovation led by Guenther Helbok, Head of Operational Risk and Reputational Risk, Credit Risk Validation and Basel Compliance, UNICREDIT BANK AUSTRIA
- Using Risk Assessment for operational risk modelling led by Caitlin Frost, Operational Risk, Capital Model Team, LLOYDS BANKING GROUP
- Preparing for IT failures and cyber threats led by Michael Paisley, Head of Operational Risk Unit, IT & Operational Risk, SANTANDER
- FATCA Speaker to be confirmed
- Governance: how should we manage change as the company evolves? Led by Sabine Abenthum, Senior Operational Risk Manager, Lecturer and Book Writer
- Regulation led by Andrew Sheen, Manager, Infrastructure Team, Risk Specialists Division, PRA
- Operational risk measurement led by Eric Cope, VP, Senior Quantitative Finance Analyst, Enterprise Capital Management, BANK OF AMERICA MERRILL LYNCH
- Remuneration as a risk management tool led by Carsten Steinhoff, Head of Operational Risk, NORDDEUTSCHE LANDESBANK
- Rogue trading indicators led by David Murray, Commercial Banking & Funding Operational Risk Director, Risk Division, LLOYDS BANKING GROUP
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| 17:10 Closing remarks: Alexander Campbell, Editor, OPERATIONAL RISK & REGULATION |
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17:20 Cocktail reception. End of day one.
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