08:10 – 08:45
Breakfast briefing: Data science to the rescue – the future of financial crime compliance
As the industry faces an increasingly complex crime landscape and stringent regulatory expectations, join this breakfast briefing to gain insight into how firms are maximizing on the potential for data science to combat financial crime, unpicking:
- Applications in insider trading, sanctions, money laundering, terrorist financing and more
- Navigating legacy systems
- The evolution of crime topologies
- Criminal innovation - old world crimes in the new digital realm
- A rapidly changing regulatory environment
- Why data science is the best solution
09:50 – 10:00
Chair's opening remarks: crisis as the new norm, volatility and an accelerated digital landscape
One thing is for sure, crisis appears to be the new norm. From geopolitical risk through to climate risk coupled with an expanding threat ecosystem encouraged by digital transformation, OpRisk Europe will unpick the pressing challenges changing the face of operational risk and impacting losses.
We encourage audience participation, please feel free to contribute verbally or by using Slid.o.
10:00 – 10:30
Regulatory update: thinking 2023 and beyond
Gain insight into the key priorities keeping regulators up at night and what needs to be on your organisation's radar for 2023.
10:30 – 11:00
Fireside chat: scenario construction - modelling for unanticipated risks
- Using quantitative techniques to determine the risk exposure of specific situations
- Understanding how specific scenarios would impact a given organisation, the losses and the potential consequences
- Setting an industry standard
- Scenario analysis - how far do you need to stretch for tail risks?
Senior operational risk analyst capital management
Eelco van Dijk joined ING Bank in 2008 and started working in the modelling and scenario team of Group Operational Risk.
Since 2013 ING reports operational risk regulatory capital according to the AMA model.
The AMA model uses among other internal loss events. Therefore Eelco deals with many aspects of internal loss events (data quality, completeness, etc)
Prior to moving to ING Eelco worked at ABN AMRO in a variety of risk roles for almost 20 years.
Eelco is member of the Risk Committee of the Dutch VBA CFA chapter
11:00 – 11:30
Networking coffee break and knowledge cafes
Join one of our interactive practitioner led table top discussions in the coffee and refreshment area. Meet with your industry peers and network in an informal environment.
- Operational risk capital models – what does the future hold after Basel III implementation?
- AML efficiencies: systems and technology
- Testing resilience
11:30 – 12:00
Digital transformation, risk and resilience panel
- Operational risk assessment of third-party payment platforms
- Moving applications into the cloud
- Third party dependencies
Chief risk officer, UK protection and fintech, and director, IT and data protection risk
Legal & General Retail
Stefana Brown is chief risk officer, UK protection and fintech, and director, IT and data protection risk, at Legal & General Retail. She spent 10 years at Lloyds Banking Group and four at M&G Investments before joining Legal & General Retail.
12:00 – 12:30
New horizons in TPRM: from fintechs to cyber risk
- The relationship between TPRM and operational risk
- TPRM and the relationship with the board: forming a strategic alliance
- Cloud and cyber risk
- The new realm of Fintechs
- Tools - using data analytics and AI
12:30 – 13:00
Unifying the CISO and CRO: bridging the gap with ORM panel
- Setting a risk appetite for cyber risk
- Factoring cyber risk into ‘risk’
- Managing the mind-set
- Skills and resource
13:00 – 14:00
Lunch and confidential lunch boardrooms
13:00 – 14:00
Chatham house lunch boardroom: unpicking resilience - from DORA to critical third parties
Setting out impact tolerances through to meeting regulatory demands, operational resilience has become a global initiative for financial services and critical infrastructure. Gain and share insights with your industry peers exploring how to overcome challenges related to deciphering and preparing for regulatory expectations, understand where your peers are in relation to meeting the 2025 FCA and Bank of England deadline on building operational resilience and hear how regulations are rolling out across Europe, including delving into the EBA's DORA.
This is an informal session led by industry experts and will operate under Chatham House rules. Bring your lunch, have a seat and get involved!
Vice president, operational resilience
Bob Barclay has over forty years financial services experience gained in both domestic and international environments.
During his 17 years of operational risk and 19 years of internal audit experience he has specialised in consumer products, fiduciary, asset management, private banking, securities servicing, stockbroking and commercial banking with firms including RBS, Citibank (that included two years in Australia as Internal Audit Manager), BNY Mellon and Société Générale. He currently holds the position of Risk Manager at ABN AMRO Bank N.V., UK Branch and is a member of the bank’s Conduct and Ethics committee. Bob has also been involved in the implementation and embedment of risk management frameworks during periods of major regulatory change and has held senior risk management roles that has required dealing with external stakeholders including clients, Regulators and external auditors.
Bob is a member of the London Institute of Banking and Finance, the CISI Risk Forum Committee and the Association of Foreign Banks Operational Risk Committee
14:00 – 14:30
Boardroom takeaways on the Top 10 Operational Risks
Weighing in on Risk.net’s Top 10 operational risks, Chief operational risk officers delve into the top risks keeping them awake at night from AML through to cyber breaches. This session will call on the audience to vote on the risks central to their firms so ensure you're using our live polling application Slid.o.
Editor, risk management
Tom Osborn is the desk editor of Risk.net's risk management coverage. Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Osborn holds a bachelor's degree in English literature from the University of Warwick.
14:30 – 15:00
Climate change as the pillar of ESG – what needs to be on your radar?
In a time when businesses are stretched, hear how leading FIs are envisioning the future of ESG, how they’re addressing climate risk and how they are prioritizing in the face of economic volatility.
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.
15:00 – 15:30
Afternoon networking coffee break and knowledge cafes
Join one of our interactive and confidential knowledge cafes. Each table top session, located in front of the coffee station, is expert led and completely informal.
- GRC 2.0
- Model risk governance: AI and the new realm of model risk
- Conduct risk and increasing regulatory scrutiny
- Emerging instruments: demystifying digital assets
16:00 – 16:30
Changing the face of operational risk – predictive analytics panel
As the operational risk landscape increases in complexity, firms are turning to analytics to streamline the way they manage these risks. Given the spread of operational risks, there is a definitive gap between what has been mapped and available data. How are FIs effectively applying analytics to ORM?
16:30 – 17:00
Unpicking operational resilience expectations –mapping, testing and impact tolerances for important business services panel
In the lead up to the 2025 deadline for FCA and PRA expectations on operational resilience, hear how firms are preparing and their thoughts on impending expectations.