Managing a Bank’s Balance Sheet
May 19, 2025
Workshop Overview:
This one-day intensive workshop is designed to put you behind the wheel as the management board in charge of a bank’s entire balance sheet. As the board, you will be faced with several different scenarios that mirror real challenges faced by balance sheet managers.
The market has high expectations for both the height and stability of your earnings –expectations that you will need to meet. At the same time, you must abide by regulatory and business constraints.
Hosted by:
Mitchell Chad Managing Director, Head of Balance Sheet Modeling Royal Bank of Canada
Objectives:
• Learn how to think about a bank’s balance sheet holistically.
• Understand the dynamic interplay between different components of a bank’s balance sheet.
• Learn how to optimize a balance sheet under different constraints.
Workshop Topics:
• Key bank balance sheet ratios (e.g., tier 1 capital, liquidity coverage ratio, among others.)
• Regulatory regimes (e.g., Basel IV)
• Asset Liability Management
• Pricing simulation and strategies
Jonathan Liu Director, Balance Sheet Management and Strategic Initiatives Royal Bank of Canada
8:15: BREAKFAST AND REGISTRATION
9:00-9:10: INTRODUCTION
• Welcome and objectives overview
• Brief on workshop format and expectations
9:10–10:20
• Key bank balance sheet ratios (e.g., Tier 1 Capital, LCR)
• Regulatory regimes (e.g., Basel IV)
• Asset-liability management basics
10:20 MORNING REFRESHMENTS
10:50-12:30: FIRST GAME: BALANCE SHEET OPTIMIZATION
• Setup & team assignments Play simulation
• Solution presentation
• Answer review & discussion
12:30-1:30 LUNCH AND REFRESHMENT
1:30-3:00: SECOND GAME: MANAGING RISK UNDER CONSTRAINTS
• Scenario-based decision-making exercise
3:30-4:50: THIRD GAME: INTEREST RATE SHOCK SIMULATION
• Teams adjust balance sheets based on interest rate changes
• Discussion on pricing strategies and risk mitigation
4:50PM CLOSING AND Q&A
• Recap of the day’s key topics.
• Sharing additional resources for continued learning (e.g., courses, papers).
• Open Q&A session for participants to clarify doubts or discuss further applications.
5:00PM END OF WORKSHOP
To register for our Pre-Event Workshop, scan the QR code or click here
MACROECONOMICS & GEOPOLITICAL CHALLENGES
9:00 Chief Economist overview of the current macroeconomic landscape- Preparing for increased uncertainty and changes to the economy
- Assessing the macroeconomic situation and potential scenarios
- US economic climate, trade and the future
- Impact of geopolitical instability on global markets and investment strategies
- Reviewing future of regulation and policy
Tendayi Kapfidze, Chief Economist, Wells Fargo
Plenary Sessions:
GLOBAL ECONOMY – PANEL DISCUSSION
9:20 Exploring interconnected dynamics to shape international markets
- Assessing macroeconomic vulnerabilities and recession risk factors
- Reviewing geopolitical impact to GDP and unemployment
- Reviewing implications of expanding deficits for economic stability and growth
- Potential changes in US foreign policy and global economic implications
Carl Groth, Chief Risk Officer, Legal & General Retirement Americas
Sabeena Ahmed Liconte, Head of Legal & Chief Compliance Officer, ICBC Standard Bank Group
Tendayi Kapfidze, Chief Economist, Wells Fargo
Emerging Tech & Regulation
BASEL III – PANEL DISCUSSION
11:00 Reviewing the future of Basel III rules and jurisdictional disparities
• Implications of lower capital ratios
• Understanding timelines for Basel III with new administration
• Assessing the global convergence and implementation challenges
• Analyzing key changes in the latest implementation proposals
Srijan Agrawal, Director, Financial Resource Management, RBC Capital Markets
Simon Rasin, Director, Senior Managing Counsel, Head of Legal for Corporate Treasury, Risk and Stress Testing, BNY
& Operational Risk
ENTERPRISE RISK – PANEL DISCUSSION
11:00 Enhancing ERM for a holistic view of the risk profile across all business units
• Rethinking risk ID and appetite in the current landscape
• Creating incident response protocols and issue management systems
• Defining and aligning risk appetite across all risk drivers in the organization
• Monitoring KRIs at the enterprise level for comprehensive oversight
Mohamed Bamba, Senior Vice PresidentHead of Business Risk and Control, Bank United
Javier Ortiz, Principal Technical Leader -Treasury & Risk, Inter-American Development Bank
Vaughn Alliton, Senior Managing Director, Head of Technology/Digital Risk Compliance, TIAA
Cyril Shmatov, Head of Global Systematic Stress Testing, Citi
FIRESIDE CHAT
10:05 Addressing the critical challenges and risks faced by CROs – views from a growing bank and evolving industry
Hosted by Andreas Simou, MD, CeFPro Ty Lambert, Chief Risk Officer, Cadence Bank
MACROECONOMIC LANDSCAPE
– PANEL DISCUSSION
11:00 Navigating a volatile environment while anticipating future trends in the landscape
• Understanding the direction of the macroeconomic landscape
• Managing high rates and inflation
• Understanding regional variations in economic volatility
• Adapting risk frameworks for an uncertain world
Bianca Wallace, US Chief Risk Officer, The Norinchukin Bank
Justin Van Beek, SVP, Wintrust Financial Corporation
Jeff Prelle, Chief Risk Officer, First Tech Federal Credit Union
Markus Lammer, Head of Legacy CS Corporate Bank,UBS
Jake Katz, Head of Analytics Research, LSEG Data and Analytics
MONETARY AND FISCAL POLICY
– PANEL DISCUSSION
11:00 Exploring the roles monetary and fiscal policy play in shaping economic stability
• Assessing impact of government stimulus
• Balancing economic growth and inflationary pressures
• Reviewing US credit rating concerns and treasury market impacts
• Impact of policy uncertainties on long-term interest rates
Shawn Snyder, former Executive Director, Global Investment Strategist, J.P Morgan Global Wealth Management
Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole CIB
Moderated by Candice Nonas, Managing Director, Global Head of Risk and Regulatory Practice, North Highland
Moderated by Mehdi Esmail, Cofounder & Chief Product Officer, ValidMind
Moderated by Patricia Pajuelo Gaviro, Partner, GMS Management Solutions USA Inc.
Moderated by Theresa Meawad, Senior Director & Head of Solutions Consulting, SS&C
Enterprise & Operational Risk
Volatility & Macroeconomic Environment
Emerging Tech & Regulation Treasury and
REGULATION POST-SVB
11:45 Reviewing the evolution of regulations set post-SVB and impact to banks
• Reviewing impact to smaller banks Vs micro banks
• Evolution of reporting practices
• Assessing new risks emerging as a result of change across the industry
Shahab Khan, Head of Liquidity Risk, HSBC USA
INTEGRATION
11:45 Achieving a comprehensive view of risk for clearer insights and more informed decision-making
• Unifying data streams for holistic understanding of financial and non-financial risks
• Establishing a risk aware culture across teams
• Tailoring NFR frameworks for diverse risk categories
• Designing a data strategy to enable harmonized reporting across the organization
Matthew Moore, Director, US Head of Operational Risk for Markets, Barclays
GEOPOLITICAL RISK
11:45 Managing a heightened geopolitical landscape with increased risks across the industry
• Repositioning the portfolio in light of geopolitical risks
• Hedging insurance to protect against the downside of geopolitical risk
• Reviewing the affect to alterative payments solutions with geopolitical issues
Shahed Shafi, Head of Counterparty Risk/ Market Products, U.S Bank
FUNDING
11:45 Funding optimization to enhance Nii
• session details TBC.
Charles Richard, Co-Founder, QRM
REGULATORY REPORTING
– PANEL DISCUSSION
12:20 Navigating Regulatory Reporting Challenges in Banking
• Exploring compliance, transparency, and efficiency in financial reporting amidst evolving regulations
• Understanding the impact of frequent regulatory changes on financial reporting and compliance requirements
• Addressing fragmented reporting systems and data silos to improve accuracy and efficiency
• Strengthening data governance and implementing robust quality assurance programs for regulatory submissions
• Enhancing collaboration between finance, risk, and compliance teams to ensure transparency in reporting processes
• Managing operational costs and mitigating risks associated with outdated reporting practices
• Leveraging technology and automation to streamline reporting and adapt to future regulatory demands
Moderated by Bianca Mugnano, Senior Solution Engineer, Workiva
Ed Kennedy, Financial Services Solution Owner, Workiva
Simon Rasin, Director, Senior Managing Counsel, Head of Legal for Corporate Treasury, Risk and Stress Testing, BNY
Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole CIB
ESG
12:20 Managing ESG risks in a divided world
• Assessing the declining popularity of ESG amongst financial institutions
• Maximizing returns through ESG strategies
• Navigating divergent approaches globally
• Reviewing the differing opinions of ESG across states
Marina Severinovsky, Head of Sustainability, Schroders
INTEREST RATE RISK
12:20 Gaining clarity on the anticipated trajectory of interest rates and repositioning portfolios
• Reviewing the implications on asset classes
• Managing impact on loan & deposit pricing
• Maintaining profitability amid rate fluctuations
• Understanding the implications of increased treasury issuance on interest rates and market stability
Maxwell Zhu, Global Head of Quantitative Analysis and Strategy, BMO
BALANCE SHEET MANAGEMENT
12:20 Strategic balance sheet management: Trends and innovative approaches
• Wholistic financial management: The movement toward a “single source of truth” to ensure stability, profitability, regulatory compliance, and long-term growth
• Enhancing profitability monitoring: Exploring modern techniques to track and optimize financial performance
• Strengthening liquidity risk resilience: Leveraging ILST for informed decision-making and strategic planning
• Stochastic income analysis in modeling: Implementing a stochastic framework to improve forecasting accuracy and decision-making
P.J. Cole, Managing Director, Empyrean Solutions
Will Newcomer, Director, Finance & Risk, Empyrean Solutions
LUNCHEON ADDRESS
12:55 Discover Weave.AI with Agentic GenAI Decision Management
• Enterprise-Wide AI risk intelligence – Continuous AI-driven assessment uncovers financial, ESG, cyber, climate, geopolitical, and market risks in real time, aligning with global frameworks.
• · From benchmarking to risk mitigation – AI-powered gap analysis and tailored remediation strategies enhance compliance, resilience, and ROI with proactive next-best actions.
Sasha Tuel, Head of Customer Success, Weave.AI
12:55 LUNCH BREAK AND NETWORKING LUNCHEON ROUNDTABLE
Evolving cyber threats in finance: Taking a dynamic approach to mitigation and resilience
Nick Kathmann, CISO, LogicGate
Emerging Tech & Regulation
CRYPTOCURRENCY REGULATIONS
1:55 Setting controls around gen AI to ensure safe and ethical use
• session details tbc
Moderated by Megan O’Flynn, Special Counsel, WilmerHale
Ash Majid, Chief Risk Officer, FalconX
AUTOMATING MODEL RISK
2:30 Leveraging technology to automate and strengthen the model risk ecosystem
• Offering strategic insights into scaling MRM processes through advanced automation, especially in the GenAl era
• Industrializing model validation and testing for greater speed, efficiency, effectiveness, and stronger compliance guardrails
• Demonstrating how our MRM ecosystem — NIMBUS Uno, MoDeVa, and MRM Vault is transforming model development, validation, testing, and governance
Alberto Ramirez, Partner - Risk Analytics, Solytics Partners
Vikas Tyag, Founder and CEO, Solytics Partners
GEN AI – PANEL DISCUSSION
3:05 Adopting gen AI and assessing use cases for maximum RoI
• Understanding regulatory expectations in relation to gen AI
• Defining AI use cases and governance expectations
• Navigating the pressure to adopt AI despite potential risks
• Reviewing the long-term Vs short-term value of gen AI investments
• Identifying potential control gaps across the organization
Melody Feinberg, former Chief Risk Officer, Federal Home Loan Bank of New York
Katherine Zhang, Sr Risk Specialist, Federal Reserve Bank of Boston
Michael Knoeller, Senior Vice President, Director of Compliance, CIBM Bank
Enterprise & Operational Risk
DATA GOVERNANCE
1:55 Deploying tactics for future-ready risk management
• The role of data governance in managing risk
• How to utilize data governance to drive business value
• How data governance enables successful AI solutions
• Business outcomes should guide, not follow, data governance strategies
• Practical steps CROs can take to use data governance tools for risk reduction
Bryce Snape, Senior Managing Director, FTI Consulting
Max Cantin, Senior Director, FTI Consulting
THIRD PARTY RISK MANAGEMENT
– FIRESIDE CHAT
2:30 TRPM in the US regulatory environment
• Overview of the US regulatory landscape with a focus on interagency TPRM guidelines, business continuity and operational resilience
• Challenges and opportunities posed by emerging technologies and how they fit into TPRM programs
• Regulatory perspective on best practices for US financial institutions
Philip Gledhill, Supervising Examiner, Operational Risk & Resilience, Federal Reserve Bank of New York
THIRD PARTY – PANEL DISCUSSION
3:05 Ensuring effective oversight and compliance of all third parties
• Setting controls over third party technology vendors
• ntegrating third parties into institutional risk exercises to mitigate regulatory exposure
• Monitoring data storage and sharing across supply chains
• Negotiating enhanced data security and safeguarding transparency
Megan Speranza, Executive Director, Global Head of CCOR Resilience Risk Oversight, J.P
Morgan
Olga Voytenko, Head of Operational Risk and Chief Auditor, Russell Investments
Adam Ennami, Chief Risk, Compliance and Security Officer, General Bank of Canada
Volatility & Macroeconomic Environment
DEVELOPING AND IMPLEMENTING CHALLENGER MODELS
1:55 Model design and theoretical soundness in model risk management building challenger models – an ultimate goal Presenting 4 case studies
• Credit Risk – CECL, Transition Matrix Models, Static vs. Dynamic
• Liquidity Risk – Deposit Decay, Static vs. Dynamic
• Traditional AI – AML False Positive Reduction, Global Optimization vs. Local Optimization
• Large Language Model – AML False Positive Reduction, BERT vs. Flan-T5
• Implementing challenger models
Kai-Ching Lin, Head of Model/Market Risk, Valley National Bank
CREDIT RISK
2:30 Importance of portfolio management in a volatile credit or economic environment
• Session details TBC
Ann-Margaret Sumnar, Credit Review Director, Huntington National Bank
Treasury and Balance Sheet Management
INFLATION
1:55 Reviewing current impacts and strategies to navigate the challenges posed by rising prices
• Impact of accumulated debt on economic growth
• Reviewing strategies for borrowing in a low-growth environment
• Managing longer term high inflation
Deniz Tudor, former Head of Modeling, Bread Financial
LIQUIDITY - FIRESIDE
CHAT
2:30 Managing cash flows and funding sources to keep high liquidity
• Reviewing the impact of interest rates on liquidity
• Managing operational deposits for LCR and stress testing calculation
• Matching liabilities on the balance sheet to optimize liquidity management
• Developing a proactive risk appetite approach postliquidity crises
Alfred Chuang, Managing Director and Chief Financial Officer, Kensington Capital Partners
Ronald Ratcliffe, Managing Director, Head Strategist – Portfolio Analytics, BlackRock
LIQUIDITY STRESS TESTING
– PANEL DISCUSSION
DEFAULTS – PANEL DISCUSSION
3:05 Developing a proactive approach to early identification practices to reduce defaults
• Utilizing data analytics to detect potential defaults before they occur
• Diversifying loan portfolios to spread risk and reduce exposure to defaults
• Assessing the impact of interest rate fluctuations on borrower repayments
Seyhun Hepdogan, SVP Director of Analytics, Fifth Third Bancorp
Liz Gorgoglione, Director, Credit Risk, Legal & General Retirement Americas
Liming Brotcke, Sr Director, CCB BL Risk, Ally
Michael Roenning, Head of Solution Architecutre, ValidMind
3:05 Evaluating resilience and preparedness with continued financial disruption
• Running liquidity stress tests to prepare for deposit run off
• Conducting liquidity stress testing for different macroeconomic stresses
• Combing liquidity risk with capital planning
• Bridging current liquidity needs with potential stressed liquidity needs
• Monitoring risks caused by 2023 liquidity banking crises
Anindya Basu, Global Head of Rapid Stress Testing, Citi
Alison Li, Executive Audit Director, First Citizens Bank
Mitchell Chad, Managing Director, Head of Balance Sheet Modeling, Royal Bank of Canada
Saliya Wijesekera, Manager Enterprise Risk Analysis, Federal Housing Finance Agency (FHFA)
Amit Kalyanaraman, Managing Director, Chief of Staff, UBS Americas Holding LLC
Emerging Tech & Regulation
IMPLEMENTING AND VALIDATING GENAI
4:20 Implementing and Validating
GenAI: Practical strategies and lessons learned
• Enabling GenAI in customer-facing applications
• Effectively defining, implementing and validating a use case
• Best practices for validation and monitoring
• Validating Gen AI - Common challenges faced and effective solution
Kristof Horompoly, VP - AI Risk Management, ValidMind
VALIDATING GEN AI
4:55 Rethinking AI and gen AI model validation to manage risks of continuous advances
• Implementing AI governance processes to ensure proper validation
• Putting correct data into gen AI models for accurate training
• Mitigating challenges in validating a gen AI models compared to traditional models
• Balancing the demand for AI models with the need for robust validation processes
Chandrakant Maheshwari, First Vice President, Model Validation Lead, Flagstar Bank
AI MODELS
5:30 Defining AI models and setting appropriate controls
• Understand relevant risks and controls around AI models
• Developing in-house AI solutions for specific needs
• Integrating AI tools into existing risk infrastructure
• Is AI defined as a tool or a model?
Enterprise & Operational Risk
CYBERSECURITY
4:20 Take a dynamic approach to centralized risk management
• Adopt a data-driven strategy to confidently shift assets and reallocate funds without putting your AUM at risk.
• Better understand third-party data dependency by clarifying and categorizing what data vendors can access and their level of accessibility into environments to ensure your team is prepared to rapidly respond if an incident occurs.
• Declutter and replace siloed, point solutions with modern centralized risk management solutions.
Nick Kathmann, CISO, LogicGate
AI POLICY TO MANAGEMENT PRACTICE
4:55 Doing more with less: How to anticipate challenges, optimize resources, and leverage technology for effective implementation of AI governance.
• Navigating the evolving model risk management regulatory landscape for AI systems.
• Building AI Readiness: Practical frameworks that foster safe experimentation through effective governance.
• Implementing clear distinctions between Models, Non-Models, and Tools within your governance structure.
• Effective strategies for detecting and managing Shadow AI risks from vendors (Third Party Risks) and internal teams
• Designing robust, practical policies that enable responsible GenAI deployment across the enterprise.
Anant Agarwal, AI Product Manager, CIMCON
REPUTATIONAL RISK
5:30 Having the correct procedures in place to avoid reputational damage
• Gaining appreciation from customers to decrease negative impacts by organizational risks
• Establishing a proactive communication strategy
• Implementing a robust incident response plan
• Monitoring social media and online presence
Chris Smigielski, Model Risk Director, Arvest Bank 6:05
Jennifer k. Marshall-Roberston, Chief Risk Officer / Executive Manager, Risk, Grenada Co-Operative Bank LTD
Volatility & Macroeconomic Environment
MANAGING EVENT RISK
4:20 Strategies to limit market and counterparty exposurers
• Developing stress test scenarios to evaluate event risk vulnerabilities
• Techniques to monitor and control portfolio-wide risk concentrations
• Addressing risks from concentrated positions and using proxies for effective hedging
• Utilizing derivatives and structured products to protect against extreme market downturns
Sandeep Jain, Director, Market Risk Executive, Bank of America tbc
CRE
4:55 Manging ongoing CRE risks as the market evolves post Covid-19
• Identifying vulnerable CRE exposures in the current market environment
• Optimizing capital allocation in CRE portfolios
• Analyzing the effects of mass delinquencies on the CRE sector
• Reviewing valuation and liquidity challenges in the CRE market as conditions evolve
Bernardo Mandi, Executive Director, Head of Credit Risk Review, ICBC
Treasury and Balance Sheet Management
LIABILITY MATCHING
4:20 Remaining agile and reassessing liability matching to adapt to changing markets
• Matching asset and liability with increased regulatory changes
• Finding quality longer duration assets
• Having diversified assets between short and longer duration assets
• Balancing assets and liabilities across currencies
Jonathan Liu, Director, Balance Sheet Management and Strategic Initiatives, Royal Bank of Canada
Mitchell Chad, Managing Director, Head of Balance Sheet Modeling, Royal Bank of Canada
IRRBB
4:55 Monitoring IRRBB and adapting to a changing rate environment
• Impact of federal reserve rate cuts on bank portfolios and risk management
• Best practices in validating IRRBB models
• Deposit modeling and behavioral assumptions
• Stress testing and scenario analysis for interest rate risk
Mitchell Button, SVP, Director of Financial Model Validation, U.S Bank
Brian Estervig, VP Quantitative Model Validation Manager, U.S Bank
CLIMATE INSURANCE
5:30 Managing impact of insurance withdrawal in high risk climate areas
• Reviewing market disruptions in climate-vulnerable areas
• Impact on real estate values
• Adapting insurance models to changing climate patterns
• Developing new approaches to insure high-risk areas
• Reviewing impact during recent California wildfires
Cino Robin Castellii, Partner and Head of Transition Finance, Orange Ridge Capital
CAPITAL STRESS TESTING
5:30 Examining the impact of adverse scenarios on capital position
• Expanding capital stress testing beyond credit risk
• Developing comprehensive scenarios to reflect diverse triggers
• Monetizing all risks
• Challenge with non-financial risks
• Implementing SR12-7
Sergey Yeremenko, Capital Markets and should be Capital and Model Risk, PNC
THE BOARD
8:50 Enhancing board effectiveness in navigating risks and driving organizational success
- Appropriately skilling and staffing the board according to risks of the organization
- Informing the board to make better conclusions and decisions
- Implementing strategies for management to report on and empower board success
- Quantifying risks to highlight key areas of focus to the board
- Getting the boards to think like a CRO: Thinking of risks outside of silos
Bianca Wallace, US Chief Risk Officer, Norinchukin Bank
Oliver Jakob, Chief Risk Officer, Talcott Financial Group
Ron Cathcart, Vice Chair, US Board Risk Committee, Natixis US Holdings
Moderated by Ed Kennedy, Financial Services Solution Owner, Workiva
CLIMATE RISK
11:20 Navigating the future of climate regulations and potential policy shifts
• Reviewing the race to net zero and the impact on investment portfolios
• Managing transition risks
• Developing organizational strategies to define and manage climate change
• Evaluating the impact of climate risks on diverse portfolio holdings
Derek Jun, Managing Director, Head of Climate Risk, Oversight, TIAA & Nuveen
Linda Kleftodimou Smith, Chair of the Investment Management Subcommittee (Corporate Sustainability Law Committee) of the American Bar Association, American Bar Association
Plenary Sessions:
Moderated by: Mark Sexton, Senior Managing Director, FTI Consulting
TITANS OF RISK – FIRESIDE CHAT
9:20 Exploring current and future risks through the lens of history and experience
An interactive and insightful session with two of the industry’s most recognizable risk professionals sharing experiences and examples
- highlighting how lessons from the past can impact the future, and what may be coming over the horizon. Interaction and discussion, with audience polls
- How to negotiate volatility
- Efficacy of the US Dollar
- Leverage in the modern financial system - Private credit and levered loans
Craig W. Broderick, former Chief Risk Officer, Goldman Sachs
Nicholas Silitch, former CRO, Prudential
PANEL DISCUSSION
9:50 Applying integrated balance sheet management techniques to thrive in turbulent times
Charles Richard, Co-Founder, QRM
Michael Soccio, Executive Vice President, Treasurer, Citizens Bank
Jeffery Palmer, Partner, PwC
Jie Hau, MD & GM; Head of Corporate Treasury Department, Americas Division & CUSO Treasurer/Co-Treasurer, SMBC
10:20 From combating crime to managing risks – lessons learnt from both sides
- How investigative skills translate to managing financial risk
- Trends from organized fraud to cyber threats
- Lessons from the FBI & DA’s office on building a risk-aware institution
- Handling risk under pressure—whether in the courtroom, a high-stakes FBI case, or a financial institution
- Balancing regulation, enforcement, and business strategy
-How technology is changing risk and fraud detection
Ali Moghaddam, EVP – Chief Risk & Legal Officer, City National Bank Florida, former Special Agent, Federal Bureau of Investigation (FBI) & former ADA
Moderated by Stephen Woitsky, SVP, Operational Risk Business Oversight, Wells Fargo
RISK APPETITE
11:20 Setting risk appetite to align strategy with risk managements
• Defining risk appetite and its importance in strategic decision-making
• Developing a comprehensive risk appetite framework
• Creating effective risk appetite statements
• Establishing key risk indicators and tolerance levels
• Aligning risk appetite with organizational objectives and strategy
Stephen Woitsky, SVP, Operational Risk Business Oversight, Wells Fargo
Moderated by Cino Robin Castelli, Partner and Head of Transition Finance, Orange Ridge Capital
GLOBAL SUPPLY CHAIN
11:20 Mitigating impact of supply chain disruptions on financial markets
• Understanding the growing exposure of financial portfolios to supply chain disruptions
• Shifting political alliances and their effect on international trade dynamics
• Implementing portfolio-level risk mitigation strategies using scenario planning
• Corporate adaptation through operational flexibility to reduce disruption impact
Grigory Lunyakov, Americas Head of MRM for GEM, GFX, and CVA, Deutsche Bank
Moderated by Candice Nonas, Managing Director, Global Head of Risk and Regulatory Practice, North Highland
PORTFOLIO RISK
11:20 Analyzing potential vulnerabilities and developing strategies to enhance resilience of investment portfolios
• Managing risks from portfolios built on ETFs and mutual funds
• Balancing risk and return across asset classes
• Segregating risks across different type of products
• Quantifying and managing geopolitical risk with explicit classes
Yakov Shenkman, Director Head of Risk for Fundamental Equity in Americas, BlackRock
Emerging Tech & Regulation
CLIMATE RISK
11:55 Optimizing risk management, lending, and portfolio resilience through data-driven insights
• Integrate climate data into existing risk models for better decision-making
• Conduct scenario analysis to assess the impact of extreme weather and regulatory shifts
• Evaluate asset resilience to physical and transition climate risks
• Leverage data to future-proof financial assets against climate generated business disruptions
Michelle Lu, Banking Commerical Lead, Climate X
Enterprise & Operational Risk
OPERATIONALIZING GEN
AI
11:55 - Operationalizing gen AI and adopting risk frameworks for new applications
• Balancing innovation with risk control in the deployment of AI technologies
• Addressing risks across the AI model lifecycle to ensure comprehensive oversight
• Identifying and mitigating risks in banking operations using AI
• Ensuring regulatory compliance while adopting AI technologies
Eswari Sure, Vice President of Product Strategy and Marketing, AverQ
Renuka Shankar, CEO, Founder, AverQ
Volatility & Macroeconomic Environment
PRIVATE CREDIT IN A VOLATILE ENVIRONMENT
11:55 Reviewing the evolution of private credit , insurance asset management in an uncertain investment landscape
• Macro uncertainty & market volatility
• Public and private credit market yields/spreads
• Opportunities and challenges in investment grade private credit including asset back finance / residual MBS
• Risk management priorities including ALM and credit considerations
Fabrice Fiol, Head of Risk Management BOIS- Managing Director, Blue Owl
Treasury and Balance Sheet Management
DEPOSITS MODELING
11:55 Improving deposit stickiness and mitigating large deposit run off
• Testing deposit assumptions and building models
• Impact of Federal Reserve and ECB decisions on savings rates and consumer behavior
• Balancing cost of funds with net interest margin
• Reviewing charges applied to consumers borrowing credit
George Soulellis, Enterprise Model Risk Officer, Freddie Mac
FINTECH – PANEL DISCUSSION
1:40 Navigating regulatory complexities in fintech-bank partnerships
• Lack of guidance with lending and payments from regulators
• Reviewing evolved partnership with transparency and explainability
• Reviewing the risks and failures associated with acquiring fintech startups
• Consumerization taken into account when deciding on fintech solutions
• Promoting transparency for enhanced CX/UX
Alisa Rusanoff, former Head of Credit, Crescendo Asset Management
Sal Rehmetullah, Co-founder and CEO, Worth
Brandi Coates, Chief Strategist, The Leading Term
DATA AND MODELING
2:15 Measuring and Quantifying NonFinancial Risk: Beyond Traditional Models
• Limitations of existing frameworks in an evolving risk landscape
• Approaches to NFR Measurement and Quantification
• A look ahead at future developments & capabilities
Yasin Benzawi, Global Head of Scenario Analysis & Head of US Stress Testing, Capital, and Framework, Barclays
Anthony Muhammad, Director, Deputy Head of US Capital, Stress Testing, Scenario Analysis, and Reporting, Barclays
DEEPFAKES – PANEL DISCUSSION
1:40 Managing deepfakes to prevent fraudsters from penetrating the bank or targeting customers
• Identifying when a deepfake is impacting the institution or customer
• Defining controls to identify potential deepfakes
• Deflecting the deepfake impact on fraud
• Collaborating with cyber security experts to enhance defenses against attacks
Dalit Stern, Managing Director, Enterprise Senior Fraud Risk Officer, TIAA
Phil Masquelette, Chief Risk Officer, Ulster Savings Bank
James Short, MD, Head of FCRM & Enterprise Head of Sanctions and Screening, Scotiabank (tbc)
RISK ASSESSMENTS
2:15 Financial crime compliance risk assessments: What should you do?
• What are Financial Crime Compliance Risk Assessments?
• Is there any specific regulatory guidance?
• How many different types of FinCrime risk assessments are there?
• What purpose do risk assessments serve?
• How to undertake and perform a risk assessment
• What information is needed?
• Who should be included?
• Understanding risks and controls
• Roles of the three lines of defense
• What are the results used for?
• Leveraging technology for risk
Beth Berenbaum, Director, Risk Assessment Officer, ICBC New York Branch
PRIVATE CREDIT - PANEL DISCUSSION
1:40 Risk management and regulatory considerations in private credit
• Reviewing and measuring risks in private credit
• Assessing regulatory disparities between banks and private funds
• Reviewing banks’ indirect exposure to leveraged loans through fund financing
• Potential systemic risks from unregulated financial activities
Ann-Margaret Sumnar, Credit Review Director, Huntington National Bank
Michael Gatenby, former US Chief Risk Officer, Scotiabank
Hakan Danis, Head of Macro Scenario Design, Citi
M&A
2:15 Reviewing the increase in M&A activity and understanding regulatory expectations
• Understanding M&A appetite from regulators
• Reviewing impact to fintechs and funding
• Reviewing appetite for M&A in the future
• Understanding the strategy of growth with increased M&A activity
• Balancing growth of the bank in a safe manner
Kinjal Rajawat, Associate Director, Private Markets, OMERS
AI USE IN PORTFOLIO ANALYSIS
– PANEL DISCUSSION
1:40 Leveraging AI to enhance decision making and optimize investment performance
• Leveraging AI to look at portfolio deposit modeling
• Enhancing process robustness through AI
• Leveraging AI to annually review how to fund and manage the balance sheet
• Running a projection of loss in the portfolio
Petr Chovanec, Executive Director, UBS Armel Romeo Kouassi, SVP, Global Head of Asset Liability Management, Northern Trust Corporation
FAIR LENDING
2:15 Leveraging AI to ensure fair lending and ensure equitable access to credit for all borrowers
• Identifying and mitigating bias in AI credit models
• Ensuring compliance with fair lending regulations
• Leveraging AI for reading and interpreting financial statements
• Increased focus from CFPB on fair lending
• Mitigating algorithmic bias in lending decisions while ensuring CRA compliance
Liming Brotcke, Sr Director, CCB BL Risk, Ally
3:20 Mitigating increased privacy challenges with the open banking rules
• Managing data privacy with new open banking rule
• Reviewing regulatory approaches to data protection
• Mitigating increased cyber security risks with open banking
• Implementing authentication and authorization processes
Adam Ennamli, Chief Risk, Compliance and Security Officer, General Bank of Canada
HIRING TALENT
3:20 Identifying skill gaps and hiring talent that have expertise in AI
• Balancing experienced hires Vs younger tech talent
• Reassessing optimal workforce size and structure in light of AI-driven productivity gains
• Identifying skills and roles necessary for future workforce needs
• Optimizing human-AI collaboration to enhanceproductivity and decision-making
Moderated by: Maggi Bin Lai, Executive Director, Enterprise Non-Financial Risk, Morgan Stanley Manish Chakrabarti, Head of Model Governance, Vangaurd
EQUITY INDEX
3:20 Mitigating a concentrated market and diversifying the portfolio for investors
• Constructing a portfolio to outperform the benchmark
• Managing portfolios when top names dominate the benchmark
• Balancing fundamentals analysis with crowded trade considerations
• Holding large-cap stocks and avoiding underperformance relative to the index
• Managing risk and potential returns influenced by high-weight stocks
Yakov Shenkman, Director, Head of Risk for Fundamental Equity in Americas, BlackRock OPEN BANKING
DIGITAL ASSETS – PANEL DISCUSSION
3:55 Identifying unique risks posed by digital assets and building mitigation strategies
• Evaluating blockchain as a foundational technology
• Assessing the impact of tokenization on traditional financial markets
• Navigating evolving regulations around digital assets
• Adapting existing risk models to accommodate digital assets
Ana De Sousa, CEO, Agio Ratings
Thomas Sullivan, Managing Director, Head of Business Development for Digital Assets, Societe Generale
Paul Feldman, Senior Director, FTI Consulting
RCSA – PANEL DISCUSSION
3:55 Breaking down silos to create an overarching RCSA framework
• Aligning RCSAs with product lines for holistic risk management
• Capturing company wide vulnerabilities
• Streamlining data and systems
• Creating KRIs and monitoring thresholds to enhance risk oversight
• Bringing AI capabilities to improve efficiency and accuracy
Olga Voytenko, Head of Operational Risk and Chief Auditor, Russell Investments
Asha Gowda, Senior Vice President, Director
– Chief Operating Officer – Market and Treasury Risk Management, KeyCorp
MODELING – PANEL DISCUSSION
3:55 Reviewing the added pressure to model validation when working in a volatile market and leveraging AI to stay ahead
• Accuracy of AI models in managing and adapting to market volatility
• Modeling geopolitical impact to the market dynamics
• Modeling credit risk and unexpected shocks to enhance resilience
• Calibrating models to account for potential future market shocks
Riten Dixit, VP, Market Risk, Federal Home Loan Bank of Cincinatti
Anthony Tantillo, VP, Market Risk Analytics Lead, Mizuho Americas
CLIMATE RISK
3:20 Exploring financial implications of natural disasters and strategies to mitigate impact on the portfolio
• Highlighting the need for financial support when rebuilding efforts after natural disaster
• Reviewing the need for funding for immediate relief and long-term recovery
• Assessing potential shifts in investment strategies
• Refocusing hedge funds and investors goals for sustainability investments
Anand Hingway, Executive Director, Environmental & Social Risk Management, CIBC
CFP – PANEL DISCUSSION
3:55 Developing a robust contingency funding plan to ensure preparedness and effective response
• Responding to market actions at short notice
• Taking relevant actions once ERI’s are triggered
• Having assessments and reports available to respond
• Running relevant scenarios to capture stress within CFP plan
• Testing current CFP plans to evaluate efficiency
Henry Kwan, SVP-Deputy Treasurer, East West Bank
2025 Speaker Line-up
Craig W. Broderick former Chief Risk Officer Goldman Sachs
Ron Cathcart Vice Chair, US Board Risk Committee Natixis US Holdings
Carl Groth Chief Risk Officer
Legal & General Retirement Americas
Keynote speakers
Oliver Jakob Chief Risk Officer Talcott Financial Group
Tendayi Kapfidze Chief Economist Wells Fargo
Ty Lambert Chief Risk Officer Cadence Bank
Srijan Agrawal, Director, Financial Resource Management, RBC Capital Markets
Yasin Benzawi, Global Head of Scenario Analysis & Head of US Stress Testing, Capital, and Framework, Barclays
Brandi Coates, Chief Strategist, The Leading Term
Ana De Sousa, CEO, Agio Ratings
Adam Ennamli, Chief Risk, Compliance and Security Officer, General Bank of Canada
Melody Feinberg, former Chief Risk Officer, Federal Home Loan Bank of New York
Paul Feldman, Senior Director, FTI Consulting
Kristof Horompoly, VP - AI Risk Management, ValidMind
Derek Jun, Managing Director, Head of Climate Risk, Oversight, TIAA & Nuveen
Ed Kennedy, Financial Services Solution Owner, Workiva Shahab Khan, Head of Liquidity Risk, HSBC USA
Michael Knoeller, Senior Vice President, Director of Compliance, CIBM Bank
Michelle Lu, Banking Commerical Lead, Climate X
Ash Majid, Chief Risk Officer, FalconX Chandrakant Maheshwari, Lead Model Validator, Flagstar Bank
Bianca Mugnano, Senior Solution Engineer, Workiva
Megan O’Flynn, Special Counsel, WilmerHale
Simon Rasin, Director, Senior Managing Counsel, Head of Legal for Corporate Treasury, Risk and Stress Testing, BNY
Sal Rehmetullah, Co-founder and CEO, Worth
Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole CIB
Alberto Ramirez, Partner - Risk Analytics, Solytics Partners
Michael Roenning, Head of Solutions Architecture, ValidMind
Chris Smigielski, Model Risk Director, Arvest Bank
Linda Kleftodimou Smith, Chair of the Investment Management Subcommittee (Corporate Sustainability Law Committee) of the American Bar Association, American Bar Association
Thomas Sullivan, Managing Director, Head of Business Development for Digital Assets, Societe Generale
Vikas Tyag, Founder and CEO, Solytics Partners
Katherine Zhang, Sr Risk Specialist, Federal Reserve Bank of Boston
To view speaker biographies scan the QR code or click here
Sabeena Ahmed Liconte Head of Legal & Chief Compliance Officer
ICBC Standard Bank Group
Ali Moghaddam EVP – Chief Risk & Legal Officer, City National Bank Florida, former Special Agent, Federal Bureau of Investigation (FBI)
Vaughn Alliton, Senior Managing Director, Head of Technology/ Digital Risk Compliance, TIAA
Mohamed Bamba, Senior Vice President- Head of Business Risk and Control, Bank United
Beth Berenbaum, Director, Risk Assessment Officer, ICBC New York Branch
Maggi Bin Lai, Executive Director, Enterprise Non-Financial Risk, Morgan Stanley
Max Cantin, Senior Director, FTI Consulting
Manish Chakrabarti, Head of Model Governance, Vangaurd
Adam Ennami, Chief Risk, Compliance and Security Officer, General Bank of Canada
Philip Gledhill, Supervising Examiner, Operational Risk & Resilience, Federal Reserve Bank of New York
Asha Gowda, Senior Vice President, Director – Chief Operating Officer – Market and Treasury Risk Management, KeyCorp
Nick Kathmann, CISO, LogicGate
Jennifer k. Marshall-Roberston, Chief Risk Officer / Executive Manager, Risk, Grenada Co-Operative Bank LTD
Phil Masquelette, Chief Risk Officer, Ulster Savings Bank
Matthew Moore, Director, US Head of Operational Risk for Markets, Barclays
Javier Ortiz, Principal Technical Leader -Treasury & Risk, InterAmerican Development Bank
Marina Severinovsky, Head of Sustainability, Schroders
Renuka Shankar, CEO, Founder, averQ
Cyril Shmatov, Head of Global Systematic Stress Testing, Citi
James Short, MD, Head of FCRM & Enterprise Head of Sanctions and Screening, Scotiabank (tbc)
Bryce Snape, Senior Managing Director, , FTI Consulting
Megan Speranza, Executive Director, Global Head of CCOR Resilience Risk Oversight, J.P Morgan
Dalit Stern, Managing Director, Enterprise Senior Fraud Risk Officer, TIAA
Eswari Sure, Vice President of Product Strategy and Marketing, averQ
Sasha Tuel, Head of Customer Success, Weave.AI
Olga Voytenko, Head of Operational Risk and Chief Auditor, Russell Investments
Stephen Woitsky, SVP, Operational Risk Business Oversight, Wells Fargo
Jeffery Palmer Partner PwC
Charles Richard Co-Founder QRM
Mark Sexton Senior Managing Director FTI Consulting
Liming Brotcke, Sr Director, CCB BL Risk, Ally
Cino Robin Castellii, Partner and Head of Transition Finance, Orange Ridge Capital
Hakan Danis, Head of Macro Scenario Design, Citi
Riten Dixit, VP, Market Risk, Federal Home Loan Bank of Cincinatti
Fabrice Fiol, Head of Risk Management BOIS- Managing Director, Blue Owl
Michael Gatenby, former US Chief Risk Officer, Scotiabank
Liz Gorgoglione, Director, Credit Risk, Legal & General Retirement Americas
Seyhun Hepdogan, SVP Director of Analytics, Fifth Third Bancorp
Markus Lammer, Head of Legacy CS Corporate Bank,UBS
Kai-Ching Lin, Head of Model/Market Risk, Valley National Bank
Grigory Lunyakov, Americas Head of MRM for GEM, GFX, and CVA, Deutsche Bank
Sandeep Jain, Director, Market Risk Executive, Bank of America tbc
Jake Katz, Head of Analytics Research, LSEG Data and Analytics
Bernardo Mandi, Executive Director, Head of Credit Risk Review, ICBC
Jeff Prelle, Chief Risk Officer, First Tech Federal Credit Union
Kinjal Rajawat, Associate Director, Private Markets, OMERS
Michael Roenning, Head of Solution Architecutre, ValidMind
Shahed Shafi, Head of Counterparty Risk/Market Products, U.S Bank
Yakov Shenkman, Director, Head of Risk for Fundamental Equity in Americas, BlackRock
Ann-Margaret Sumnar, Credit Review Director, Huntington National Bank
Anthony Tantillo, VP, Market Risk Analytics Lead, Mizuho Americas
Justin Van Beek, SVP, Wintrust Financial Corporation
Bianca Wallace, US Chief Risk Officer, The Norinchukin Bank
Maxwell Zhu, Global Head of Quantitative Analysis and Strategy, BMO
Nicholas Silitch former CRO Prudential
Michael Soccio Executive Vice President, Treasurer Citizens Bank
Bianca Wallace US Chief Risk Officer Norinchukin Bank
Anindya Basu, Global Head of Rapid Stress Testing, Citi
Liming Brotcke, Sr Director, CCB BL Risk, Ally
Mitchell Button, SVP, Director of Financial Model Validation, U.S Bank
Mitchell Chad, Managing Director, Head of Balance Sheet Modeling, Royal Bank of Canada
Petr Chovanec, Executive Director, UBS
Alfred Chuang, Managing Director and Chief Financial Officer, Kensington Capital Partners
P.J Cole, Managing Director, Empyrean Solutions
Brian Estervig, VP Quantitative Model Validation Manager, U.S Bank
Anand Hingway, Executive Director, Environmental & Social Risk Management, CIBC
Amit Kalyanaraman, Managing Director, Chief of Staff, UBS Americas Holding LLC
Henry Kwan, SVP-Deputy Treasurer, East West Bank
Alison Li, Executive Audit Director, First Citizens Bank
Jonathan Liu, Director, Balance Sheet Management and Strategic Initiatives, Royal Bank of Canada
William Newcomer, Director, Finance & Risk, Empyrean Solutions
Patricia Pajuelo, Partner, GMS Management Solutions USA
Oskar Rogg, Managing Director, Head of Treasury, Credit Agricole CIB
Aaron Sanders, Head of Liquidity Risk Practice, QRM
Yakov Shenkman, Director Head of Risk for Fundamental Equity in Americas, BlackRock
Shawn Snyder, former Executive Director, Global Investment Strategist, J.P Morgan Global Wealth Management
George Soulellis, Enterprise Model Risk Officer, Freddie Mac
Deniz Tudor, former Head of Modeling, Bread Financial
Saliya Wijesekera, Manager Enterprise Risk Analysis, Federal Housing Finance Agency (FHFA)
Sergey Yeremenko, Capital Markets and should be Capital and Model Risk, PNC