GCOR XIV

GCOR XIV

  • Keynote Sessions

    Contains 8 Component(s), Includes Credits

    Keynote Address: Emerging Risks Keynote Address: A Framework for Managing Technology Risk Keynote Address: Five Questions for Banks Engaged in M&A

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    1:00 P.M.
    Keynote Address: Emerging Risks

    Joe Iraci, Managing Director Financial Risk Management, TD Ameritrade

    Volatility and disruption is the new normal and extreme risks are manifesting themselves at an alarming rate. Firms need to be aware of emerging risks and to take these extreme but plausible risk events into consideration as part of the strategic planning process. This presentation will discuss emerging risks and how to build a framework to help manage them.

    2:00 P.M.
    Operational Resilience – Key Considerations for a World Class Framework

    Greg Matthews, KPMG; Paul Fagone, KPMG

    Events of recent months have challenged Financial Services firms with multiple disruptions at a far greater duration and breadth than were anticipated or planned for by Operational Resilience teams. Financial services firms reacted and responded swiftly to address the challenges posed in parallel across the organization. That said, the multi-faceted disruptions reflected dislocations – rather than a widespread lack of availability across any of the critical assets below. In short, while early analysis suggests firms were able to cope with the fallout from the disruption caused by COVID-19, and BCP plans for the most part were effective at mitigating disruption, strategies that address more widespread and longer duration scenarios are needed. Crucial to a successful Operational Resilience program is a framework that provides the necessary governance and focus, while enable a process that identifies and defines critical organizational services and assets, performs appropriate testing and assessment of those assets, and provides ongoing reporting of service remediation and enhancement.

    2:30 P.M.
    Keynote Address: A Framework for Managing Technology Risk

    Erika Crandall, Head of Risk, Reserve Trust

    With the continually changing technology environment and ongoing maturity of our understanding of risk, we developed a structure to enable a holistic look at technology risks that may be present in your environment and across the industry. This framework enables you to collapse/expand based on your size, complexity and business structure, and works in conjunction with other risk frameworks available through the RMA.

    3:30 P.M.
    Bias in Machine Learning Models and Corrective Methods

    Kevin Oden, Kevin D. Oden & Associates, LLC

    All models but in particular Machine learning (ML) models run the risk of incorporating bias or unfairness in their outcomes. This is often driven by the underlying data used to train or calibrate the model. Since these models are not only increasingly used to make important decisions in our financial lives but also in other aspects like granting university admission, social benefit assignment, predicting risk of criminal recidivism, and part of hiring tools to review job applicant’s resumes, these biases have social, ethical as well as legal implications. This lecture gives a brief overview of the definitions of fairness used in the industry and some of the methods used to correct for unfairness in ML models.

    4:00 P.M.
    Keynote Address: What Your Bank Needs to Know about Bank M&A Transactions

    Richard J. Parsons, author of “Investing in Banks: Strategies for Bankers, Directors and Investors”

    In 2019 the banking industry witnessed the highest rate of bank mergers in the U.S. since Congress passed the Riegle-Neal Interstate Banking Act of 1994 that opened the floodgates to interstate banking. Some banking pundits believe the pace of bank mergers will accelerate over the next several years as the industry transitions into a new era of banking that requires greater scale and access to next-generation talent expert in the digital economy and Big Data.
    This session will overview M&A trends as well as the forces shaping merger activity. In addition, this session will introduce RMA’s new M&A Playbook which includes:

    1. Five Questions Risk Executives/Bank Boards Should Ask and Debate Before a Bank Begins Merger Discussions 
    2. Ten Material Matters Every Bank Due Diligence Team Needs to Consider Before Acquiring a Bank 
    3. Merger Checklists 
    4. Two Often Overlooked M&A Risks


    RMA owns all intellectual property rights in the following webinar.  You may not share the webinar with any person nor may you copy, archive or modify the webinar. © The Risk Management Association 2020. All rights reserved.

    Joe Iraci

    Head of Financial Risk Management, TD Ameritrade

    Joe is a Managing Director at TD Ameritrade where he is the Chief Risk Officer for TD Ameritrade, Inc., TD Ameritrade Clearing, Inc., TD Ameritrade Futures and FX, LLC, as well as being the head of Enterprise Risk Services. Prior to heading Enterprise Risk Services, he was the head of Financial Risk Management, Financial Markets Services Group, and Corporate Risk Management. Joe is also an adjunct professor at New Jersey City University.

    Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank’s Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served as a United States Marine.

    Joe has an MBA in accounting and international business from New York University, Stern School of Business, a BS in finance from St. John’s University, Tobin School of Business, and a Certificate of Professional Development for Strategy from the Wharton School of Business.

    Paul Fagone

    KPMG

    Paul leads KPMG’s Regulatory Risk and Compliance Practice and is responsible for driving innovative analytic solutions to solve the challenges associated with measuring and managing operational risk. He led efforts to apply artificial intelligence and machine learning to increase the integrity of operational risk frameworks and reduce ongoing maintenance costs.

    Greg Matthews

    KPMG

    Greg is a KPMG Risk Consulting Partner, focusing on enterprise risk, compliance and governance topics for financial institutions, and leads third party risk management for KPMG. Greg has significant experience helping clients transform their risk management operations based on regulatory and business drivers. He has worked with clients as they seek to manage disruption in their industry, meet regulatory expectations and use technology to drive both effective and efficient risk management practices. Greg brings his global experience to his clients to provide perspectives on how to implement changes in culture and balance risk and performance drivers.

    Erika Crandall

    Chief Compliance Officer and Head of Risk, Reserve Trust

    Erika Crandall is the Head of Risk at Reserve Trust with responsibility for all aspects of risk management and compliance across the organization. Previously, her career has included senior roles at BNP Paribas / Bank of the West, Bridgewater Associates, Wells Fargo, and Wachovia, focused across various dimensions of enterprise and operational risk management, including technology and information risk, cyber security, regulatory compliance, privacy, and change management. Her educational background includes both a B.A. in liberal arts and a J.D. as well as an LL.M. She currently resides with her family in the San Francisco Bay Area.

    Kevin Oden

    Managing Partner, Kevin D. Oden & Associates, LLC

    Kevin D. Oden is the founder and managing partner of the risk management consulting firm, Kevin D. Oden & Associates and is the managing director of the RMA’s Model Validation Consortium, a new offering providing a suite of high-quality model validation services at a competitive price point for RMA member banks.

    Kevin holds a Ph.D. in math from UCLA and was a leader in risk management and model validation for Wells Fargo Bank.

    Richard J. Parsons

    Author, Investing in Banks: Strategies and Statistics for Bankers, Directors and Investors

    Richard J. Parsons is a long-time banker as well as author of two books about the banking industry.

    In his first book, Broke: America’s Banking System (2013, The Risk Management Association), Parsons explains why 3,000 banks across the U.S. have failed since the 1980s. His second book, Investing in Banks (2016, The Risk Management Association) focuses on the characteristics of the nation’s best banks. RMA will issue a second edition of Investing in Banks in 2020.

    Parsons is a frequent contributor to The RMA Journal and Seeking Alpha where he writes about bank investing and bank risk management. The November 2018 issue of The RMA Journal featured his article about the future of bank risk management, a topic he is currently digging deeper into for a White Paper to be published by RMA in 2020.

    In addition to writing for RMA, Parsons created and teaches a two-day course on Advanced Operational Risk Management. This course equips bankers to achieve a higher order of risk management thinking that ultimately reduces bank risk and improves risk-adjusted profitability. Using timely case studies, bankers who attend this course debate the deep-rooted people, processes, systems, and market challenges that have plagued bank operators and owners for generations.

    Prior to writing and speaking about the banking, Parsons spent 31 years at Bank of America/Merrill Lynch where he was executive vice president and member of the Management Operating Committee. During the first half of his career he held leadership roles in community and commercial banking in North Carolina, Florida, and Texas. During the back half of his career he held various global leadership positions with oversight for enterprise functions covering Risk Management, HR, Corporate Marketing, Quality & Productivity, and Strategy.

    Parsons has a BA in history from Ohio Wesleyan University and an MBA from the University of Virginia Darden School of Business where he is a member of the Alumni Board.

  • Engaging Your Line of Business for Information Security Initiatives

    Contains 2 Component(s)

    Engaging Your Line of Business for Information Security Initiatives

    Security cannot be done in a silo. The extent and nature of data shared across line of business functions both internally and externally fuels instances of system and organizational vulnerabilities. GRC must transcend the traditional lines of defense, specifically risk managers and audit professionals. In this webinar we’ll discuss roles and responsibilities of effective risk management practices. What can businesses do to better align key stakeholders? How can businesses incorporate Security by Design process and practices and where can technology support with structured data sets and automation? 

     What you will learn:

    • Aligning organizational goals, and department objectives to translate risk into business impacts.
    • Automating GRC touchpoints into your line of business functions.
    • Integrating Audit to document and support continuous improvement initiatives.

    Sponsored by: OneTrust GRC

    Kaitlyn Archibald

    Product Marketing Manager, OneTrust GRC

    Kaitlyn Archibald serves as a GRC Product Marketing Manager for OneTrust GRC– a purpose-built software designed to operationalize integrated risk management. In her role, Kaitlyn advises companies throughout their risk management implementations to establish processes to support operations and align with their enterprise objectives, including adopting industry best practices and adhering to requirements relating to relevant standards, frameworks, and laws (e.g. ISO, NIST, SIG and more). Kaitlyn works with clients to realize the extent of their risk exposure, helping clients to map their digital infrastructure, assess risks, combat threats, monitor ongoing performance, and document evidence throughout the risk lifecycle.
  • Emerging Risks

    Contains 2 Component(s)

    Emerging Risks

    Volatility and disruption is the new normal and extreme risks are manifesting themselves at an alarming rate. Firms need to be aware of emerging risks and to take these extreme but plausible risk events into consideration as part of the strategic planning process. This presentation will discuss emerging risks and how to build a framework to help manage them.

    Joe Iraci

    Head of Financial Risk Management, TD Ameritrade

    Joe is a Managing Director at TD Ameritrade where he is the Chief Risk Officer for TD Ameritrade, Inc., TD Ameritrade Clearing, Inc., TD Ameritrade Futures and FX, LLC, as well as being the head of Enterprise Risk Services. Prior to heading Enterprise Risk Services, he was the head of Financial Risk Management, Financial Markets Services Group, and Corporate Risk Management. Joe is also an adjunct professor at New Jersey City University.

    Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank’s Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served as a United States Marine.

    Joe has an MBA in accounting and international business from New York University, Stern School of Business, a BS in finance from St. John’s University, Tobin School of Business, and a Certificate of Professional Development for Strategy from the Wharton School of Business.

  • Operational Resilience – Key Considerations for a World Class Framework

    Contains 2 Component(s)

    Operational Resilience – Key Considerations for a World Class Framework

    Events of recent months have challenged Financial Services firms with multiple disruptions at a far greater duration and breadth than were anticipated or planned for by Operational Resilience teams. Financial services firms reacted and responded swiftly to address the challenges posed in parallel across the organization. That said, the multi-faceted disruptions reflected dislocations – rather than a widespread lack of availability across any of the critical assets below. In short, while early analysis suggests firms were able to cope with the fallout from the disruption caused by COVID-19, and BCP plans for the most part were effective at mitigating disruption, strategies that address more widespread and longer duration scenarios are needed. Crucial to a successful Operational Resilience program is a framework that provides the necessary governance and focus, while enable a process that identifies and defines critical organizational services and assets, performs appropriate testing and assessment of those assets, and provides ongoing reporting of service remediation and enhancement.

    Paul Fagone

    KPMG

    Paul leads KPMG’s Regulatory Risk and Compliance Practice and is responsible for driving innovative analytic solutions to solve the challenges associated with measuring and managing operational risk. He led efforts to apply artificial intelligence and machine learning to increase the integrity of operational risk frameworks and reduce ongoing maintenance costs.

    Greg Matthews

    KPMG

    Greg is a KPMG Risk Consulting Partner, focusing on enterprise risk, compliance and governance topics for financial institutions, and leads third party risk management for KPMG. Greg has significant experience helping clients transform their risk management operations based on regulatory and business drivers. He has worked with clients as they seek to manage disruption in their industry, meet regulatory expectations and use technology to drive both effective and efficient risk management practices. Greg brings his global experience to his clients to provide perspectives on how to implement changes in culture and balance risk and performance drivers.

  • A Framework for Managing Technology Risk

    Contains 2 Component(s)

    A Framework for Managing Technology Risk

    With the continually changing technology environment and ongoing maturity of our understanding of risk, we developed a structure to enable a holistic look at technology risks that may be present in your environment and across the industry. This framework enables you to collapse/expand based on your size, complexity and business structure, and works in conjunction with other risk frameworks available through the RMA.

    Erika Crandall

    Chief Compliance Officer and Head of Risk, Reserve Trust

    Erika Crandall is the Head of Risk at Reserve Trust with responsibility for all aspects of risk management and compliance across the organization. Previously, her career has included senior roles at BNP Paribas / Bank of the West, Bridgewater Associates, Wells Fargo, and Wachovia, focused across various dimensions of enterprise and operational risk management, including technology and information risk, cyber security, regulatory compliance, privacy, and change management. Her educational background includes both a B.A. in liberal arts and a J.D. as well as an LL.M. She currently resides with her family in the San Francisco Bay Area.

  • Bias in Machine Learning Models and Corrective Methods

    Contains 2 Component(s)

    Bias in Machine Learning Models and Corrective Methods

    All models but in particular Machine learning (ML) models run the risk of incorporating bias or unfairness in their outcomes. This is often driven by the underlying data used to train or calibrate the model. Since these models are not only increasingly used to make important decisions in our financial lives but also in other aspects like granting university admission, social benefit assignment, predicting risk of criminal recidivism, and part of hiring tools to review job applicant’s resumes, these biases have social, ethical as well as legal implications. This lecture gives a brief overview of the definitions of fairness used in the industry and some of the methods used to correct for unfairness in ML models.

    Kevin Oden

    Managing Partner, Kevin D. Oden & Associates, LLC

    Kevin D. Oden is the founder and managing partner of the risk management consulting firm, Kevin D. Oden & Associates and is the managing director of the RMA’s Model Validation Consortium, a new offering providing a suite of high-quality model validation services at a competitive price point for RMA member banks.

    Kevin holds a Ph.D. in math from UCLA and was a leader in risk management and model validation for Wells Fargo Bank.

  • What Your Bank Needs to Know about Bank M&A Transactions

    Contains 2 Component(s)

    What Your Bank Needs to Know about Bank M&A Transactions

    In 2019 the banking industry witnessed the highest rate of bank mergers in the U.S. since Congress passed the Riegle-Neal Interstate Banking Act of 1994 that opened the floodgates to interstate banking. Some banking pundits believe the pace of bank mergers will accelerate over the next several years as the industry transitions into a new era of banking that requires greater scale and access to next-generation talent expert in the digital economy and Big Data. 

    This session will overview M&A trends as well as the forces shaping merger activity. In addition, this session will introduce RMA’s new M&A Playbook which includes:

    1. Five Questions Risk Executives/Bank Boards Should Ask and Debate Before a Bank Begins Merger Discussions 
    2. Ten Material Matters Every Bank Due Diligence Team Needs to Consider Before Acquiring a Bank 
    3. Merger Checklists 
    4. Two Often Overlooked M&A Risks

    Richard J. Parsons

    Author, Investing in Banks: Strategies and Statistics for Bankers, Directors and Investors

    Richard J. Parsons is a long-time banker as well as author of two books about the banking industry.

    In his first book, Broke: America’s Banking System (2013, The Risk Management Association), Parsons explains why 3,000 banks across the U.S. have failed since the 1980s. His second book, Investing in Banks (2016, The Risk Management Association) focuses on the characteristics of the nation’s best banks. RMA will issue a second edition of Investing in Banks in 2020.

    Parsons is a frequent contributor to The RMA Journal and Seeking Alpha where he writes about bank investing and bank risk management. The November 2018 issue of The RMA Journal featured his article about the future of bank risk management, a topic he is currently digging deeper into for a White Paper to be published by RMA in 2020.

    In addition to writing for RMA, Parsons created and teaches a two-day course on Advanced Operational Risk Management. This course equips bankers to achieve a higher order of risk management thinking that ultimately reduces bank risk and improves risk-adjusted profitability. Using timely case studies, bankers who attend this course debate the deep-rooted people, processes, systems, and market challenges that have plagued bank operators and owners for generations.

    Prior to writing and speaking about the banking, Parsons spent 31 years at Bank of America/Merrill Lynch where he was executive vice president and member of the Management Operating Committee. During the first half of his career he held leadership roles in community and commercial banking in North Carolina, Florida, and Texas. During the back half of his career he held various global leadership positions with oversight for enterprise functions covering Risk Management, HR, Corporate Marketing, Quality & Productivity, and Strategy.

    Parsons has a BA in history from Ohio Wesleyan University and an MBA from the University of Virginia Darden School of Business where he is a member of the Alumni Board.

  • The Importance of AI and Privacy amid COVID-19

    Contains 2 Component(s)

    The Importance of AI and Privacy amid COVID-19

    Artificial intelligence and Data have become an integral part of Fintech and other industries to provide exponential customer value and optimize experiences across multiple channels. However with data and AI come the risks of privacy breaches and unfair unethical usage for commercial purposes.

    With the rise of COVID, governments, public health companies and other organizations are leveraging personal data to detect, monitor and prevent the spread of infections across the world. However is the use of AI ethical and conscious during this pandemic? Did we anonymize data, limit the collection of personal information, maintain individual’s right to privacy and eliminate biases from the equation?

    How can we create products and services that strike the right balance between providing immense customer value while maintaining individual right to freedom and privacy? This talk will focus on managing risks and creating customers experiences that leverage AI and data for the public good, both in fintech and beyond.

    Swapna Malekar

    Product Lead, RBC

    Swapna is a Senior Product Manager at Royal Bank of Canada (RBC), leading the innovation stream to create products and digital solutions using lean methodologies.

    Prior to RBC, Swapna was the Head of Product at a UK-based SaaS Data intelligence company, Klood, that provided insights to enterprise clients through artificial intelligence.

    Whilst in Singapore, Swapna was responsible for driving the Ecommerce growth for the Asian and European regions for the world’s largest publishing company, Scholastic as their Product Manager.

    She started her career with Accenture, and is a technology buff. Her current passion is finding innovative usecases for blockchain and AI in the fintech/banking domain. You can follow her on:
    LinkedIn - https://www.linkedin.com/in/swapnamalekar
    Twitter - https://twitter.com/swapna_malekar
    Medium - https://medium.com/@swapna.malekar

  • Digital Transformation of the Second Line of Defense

    Contains 2 Component(s)

    Digital Transformation of the Second Line of Defense

    Compliance and risk functions can enhance their oversight of Financial Services by using some of the same principles which have transformed business operations over the last decade.

    Praful Mainker

    Executive Director, Data Science, Compliance Analytics, Automation, AI, Machine Learning, JPMorgan Chase

    Praful Mainker is a global transformation executive with leadership command over Technology, Operations, and Risk Management. An early proponent of the Digital Transformation, Praful has applied Machine Learning, Automation and Visualization techniques to Home Lending, Card, and Digital Compliance Operations at JPMorgan Chase, one of the largest Financial Institutions in the world.

    Earlier, as the Head of Regulatory Compliance, Praful successfully transformed MoneyGram’s Regulatory Operations, Technology and Compliance infrastructure. MoneyGram is the world’s second largest Money Services Business (MSB), active in 200+ countries.

    Previously, as SVP, Operational Risk Management at Citi Mortgage (CMI), Praful led the vast organization through one of the toughest periods in the recent history of the Mortgage Industry. Praful shepherded Mortgage Operations through an intense transformation phase which implemented enhanced controls, streamlined processes, and expanded operations to cover new functions mandated under the Mortgage Consent Order (MCO) by the Office of the US Comptroller of Currency (OCC) and the US Federal Reserve Board (FRB). The Mortgage Consent Order was lifted in June 2015.

    At Capital One Financial Services, Praful grew his sphere of influence from being an individual, high performance Program Manager to build high performance teams in Technology Operations, Technology Business Management and Mortgage Operations. Praful’s leadership shone through in several high pressure acquisitions, such as, Hibernia Bank and PeopleFirst. Praful incorporated automated integration using B2B communication, such as in case of an Auto Buying program with an external partner, and with the Mortgage Fulfillment process.

    Praful has led global, market leading initiatives for Utility Industry (Germany and India), Telecommunication Industry (Germany, and USA), as well as for the Healthcare Industry (USA). Praful has a global patent for his innovative automation in Telecommunications industry, which has spawned subsequent innovation over the years.

    As a life-long Science, Technology, Engineering and Mathematics (STEM) education evangelist, Praful has raised tens of thousands of dollars for scholarships over the years for DFW area schools and has served on the Advisory Board of UT Dallas Jindal School of Management.

    Praful earned his MS in Electrical Engineering with research focused on Artificial Intelligence, has been a CFA Charter holder since 2005, and a certified Project Management Professional (PMP) since 1998. Praful trained at the Wharton School of Management at the University of Pennsylvania in Enterprise Risk Management alongside some of the brightest brains in the Risk Management field.

    Praful has lived in the Dallas/Fort-Worth (DFW) area for 25 years with his family.

  • Building a Change Risk Management Framework

    Contains 2 Component(s)

    Building a Change Risk Management Framework

    Given the amount and pace of change in our current environment, the need to effectively manage the risks associated with changes has never been greater. This session explores some ideas and approaches regarding establishing a framework to identify key changes in the organization and assess and monitor the risks associated with these changes.

    Mark Williams

    SVP, Chief Operational Risk Officer, Zions Bancorporation

    Mark Williams is the Chief Operational Risk Officer for Zions Bancorporation. Mark has been with Zions for over 14 years filling various roles in internal audit, operations, and risk management. Areas of responsibility include operational & technology risk oversight, business continuity, incident management, risk liaison functions, and risk & control assessment programs. Mark holds bachelors and masters degrees in Accounting from Brigham Young University and is a certified public accountant and certified internal auditor.