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IIF GLOBAL SEMINAR
RISK APPETITE FRAMEWORKS AND STRESS TESTING September 28-29, 2016 | London, United Kingdom
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COURSE DESCRIPTION
RISK APPETITE FRAMEWORK AND STRESS TESTING
IIF GLOBAL SEMINAR:
RISK APPETITE FRAMEWORKS AND STRESS TESTING
Globally, boards and executives are allocating increasing
resources towards embedding risk appetite frameworks and
stress testing models to strengthen their businesses. This
timely seminar will provide an overview of the emerging
trends in risk appetite framework development,
implementation, and stress testing as practiced by leading
experts.
The first day's sessions will address, from industry and
regulatory viewpoints, how to overcome challenges related
to designing and implementing a risk appetite framework.
Innovative methods for embedding risk appetite, including
the important element of non-financial risks, will be a key
focus. On day two, experts will discuss the latest industry
trends and techniques on stress testing and how to best
integrate these into both group-wide and subsidiary risk
management strategies. Leadership approaches will be a
key discussion theme, as well as the evolving role of board
and risk management functions.
With a focus on practical examples from global firms and
an emphasis on interactive discussion, this seminar will
provide excellent opportunities to benchmark and
exchange sound practices with global peers.
LEARNING OBJECTIVES
Discuss global trends in risk
appetite frameworks and
stress testing
Consider policy and
regulatory developments
related to risk appetite and
stress testing
Overcome leadership
challenges and emerging
risks
Consider change
management and
implementation strategies
Exchange sound practices
with global peers
SEMINAR FACTS
Date: September 28-29, 2016
Location: London
Venue: Ernst & Young Canary Wharf offices
CPD/CE: 12 hours
Program Fee: - Member Firm $2000 (USD) - Non-Member Firm $3000 (USD)
This seminar will be eligible for CPD/CE credits through the Chartered Institute for Securities & Investment (CISI), the CFA Institute, the Global Association of Risk Professionals (GARP), the International Compliance Association (ICA) and the Chartered Banker.
REGISTER AT
IIF.COM/TRAINING
Registration is open up to
one week prior to
program start date or until
capacity is reached.
Capacity limitations may
force some programs to
close registration early.
IDEAL FOR SENIOR PROFESSIONALS IN:
Risk
Policy
Treasury
Compliance
Finance
PLEASE JOIN US IN
LONDON TO TAKE
ADVANTAGE OF THIS
UNIQUE OPPORTUNITY.
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3 RISK APPETITE FRAMEWORK AND STRESS TESTING
WEDNESDAY
SEPTEMBER 28
8:30 am—9:00 am REGISTRATION
9:00 am—9:15 am WELCOME AND INTRODUCTION Kate Hudson Director, Global Training, IIF
9:15 am—10:30 am SESSION 1: DESIGNING RISK APPETITE EFFECTIVELY AND EMBEDDING IT
Better aligning risk appetite, strategy and capital allocation
Link to reverse stress testing
Embedding risk appetite in business decisions
Andrew Duff, Risk Appetite Lead EY
10:30am—11:00 am COFFEE BREAK
11:00am—12:30pm SESSION 2: REGULATORY VIEW OF RISK APPETITE Global regulatory overview
Links to overall risk governance
Q and A
David Rule, Executive Director, Prudential Policy, Bank of England
12:30 pm—1:30 pm LUNCH
1:30 pm—2:30 pm SESSION 3: IMPLEMENTATION STRATEGIES, AND LEADERSHIP SKILLS ESSENTIAL TO RISK APPETITE FRAMEWORK
Developing the right strategy and ensuring appropriate skills
Process, infrastructure, and environment, including risk culture
Governance and changes in risk culture
Impact of innovation
Group Discussion
tbd
2:30 pm—3:45 pm SESSION 4: PRACTICAL STEPS –INCLUDING NON-FINANCIAL RISK IN RISK APPETITE
Designing measures - do they influence behavior?
Case study
Patricia Jackson, Senior Advisor, EY
3:45 pm—4:15 pm COFFEE BREAK
4:15 pm—5:30 pm SESSION 5: PANEL—OVERCOMING PRACTICAL CHALLENGES FACED WHEN IMPLEMENTING FRAMEWORKS
Setting up a risk appetite framework
Challenges faced by various banks
A focus on the supervisory requirements
Speakers from above (and Chris Devlin, Executive Director Risk Management Division for EMEA, MUFG)
5:30 pm—7:00 pm DRINKS AND NETWORKING RECEPTION
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THURSDAY
SEPTEMBER 29
RISK APPETITE FRAMEWORK AND STRESS TESTING
9:00 am—10:15 am SESSION 6: LATEST TRENDS AND TECHNIQUES ON STRESS TESTING
Central models
The balance sheet and income statement projections
Challenges and solutions
Gerald Chappell, Partner, EY
10:15 am—10:45 am COFFEE BREAK
10:45 pm—12:15 pm SESSION 7: INTEGRATING STRESS TESTING INTO RISK APPETITE AND GROUP-WIDE RISK MANAGEMENT
Governance approaches: group approach for implementation
Challenges to implementation
Ilinka Kajgana, Head of Group ICAAP and RWA, Erste Group Paulina Niedzwiecka, Head of Group Risk Appetite & Limit Steering, Erste Group
12:15 pm—1:15 pm LUNCH
1:15 pm—2:00 pm SESSION 8: EMBEDDING STRESS TESTING WITHIN A SUBSIDIARY– OBSTACLES AND OPPORTUNITIES
Governance approaches: subsidiary approach for implementation
Challenges to implementation
Chris Devlin, Executive Director Risk Management Division for EMEA, MUFG
2:00 pm—2:30 pm SESSION 9: GROUP DISCUSSION—GROUP V. SUBSIDIARY
Speakers from Sessions 7 & 8
2:30 pm—3:00 pm COFFEE BREAK
3:00 pm—3:45 pm SESSION 10: QUALITY ASSURANCE AND MODEL VALUATION Case studies from the industry
Russell Brooks, Head of Stress Testing Assurance, RBS
3:45 pm—4:45 pm SESSION 11: PANEL DISCUSSION—THE EVOLVING ROLE OF THE BOARD AND RISK MANAGEMENT FUNCTIONS
Moderated by IIF
Russell Brooks, RBS
Hedwige Nuyens, Managing Director, IBFED
4:45 pm—5:00 pm CONCLUDING REMARKS AND WRAP UP
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SPEAKER PROFILES
RISK APPETITE FRAMEWORK AND STRESS TESTING
Kate Hudson, Director, Global Training, Institute of International Finance
Kate is the Director of IIF’s Global Training team, and previously a Policy Adviser for IIF’s Regulatory
Affairs team. Prior, she was a senior manager at the RBS Group Holding Company and a member of
the BBA’s Committee for Financial Inclusion. There she authored eleven new conduct risk policies
(including the UK’s first ever corporate policy on dealing with customers in vulnerable situations”);
and oversaw their implementation and training in their businesses (Coutts, Natwest, Citizens, M&IB
etc). Contracting for ComPeer Ltd, on their project board she quantified the costs of compliance in
the UK’s wealth management industry. Serving the UK’s WMA as Senior Policy Advisor, present on
their Board she helped to secure their first early day motion in Parliament. Prior, a compliance
planning officer for MMC, and here nominated a “Future City Leader” by the City of London
Mayor’s office. A compliance manager for ACE Ltd, and a conduct policy development executive
for BUPA Group- and then member of UK’s ILAG Regulatory Committee. Kate is a Mediator (DC
Superior Court) and holds a Postgraduate Diploma in MSc Financial Regulation and Compliance
Management at London Metropolitan University, and a L.L.B. in European Legal Studies from the
University of Westminster. She is also fluent in Spanish.
________________________________________________________________________________________
Patricia Jackson, Senior Advisor, Ernst & Young
Patricia Jackson is a member of the EY Global Regulatory Network in the Financial Services Risk
Management Group. Patricia joined EY in 2004 as the Partner leading the banking risk practice and
then later financial regulatory advice. She was involved in projects with the major banks globally on
all the risk types as well as Basel III and stress testing. She is also increasingly involved in risk
governance issues including developing an approach to setting and embedding risk appetite and
risk culture. She is now a strategic adviser to EY. Prior to this she was the Head of the Financial
Industry and Regulation Division in the Bank of England and represented the UK on the Basel
Committee for Banking Supervision for 7 years, leading the global QIS studies and calibration of
Basel II. Patricia has published a wide range of papers on market and credit risk and bank capital.
She is a non-executive director on the board of the digital challenger bank Atom and is involved in
setting their strategy going forward.
________________________________________________________________________________________
Ilinka Kajgana, Head of Group ICAAP and RWA, Erste Group Bank AG
Presently, Dr. Kajgana is responsible for the Group ICAAP and RWA. Dr. Kajgana and her teams
focus primarily on standardization of these frameworks across Erste Group to attain permanent
improvement in measurement and steering standards, to complement risk appetite, risk strategy
and strategic limit framework. Over past 10 years Dr. Kajgana has executed various management
functions in Strategic Risk Management introducing best practice and industry standards. Dr.
Kajgana holds a PhD in Physics from the University of Technology in Vienna.
________________________________________________________________________________________
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SPEAKER PROFILES
RISK APPETITE FRAMEWORK AND STRESS TESTING
Paulina Niedzwiecka, Head of Group Risk Appetite & Limit Steering, Erste Group Bank AG
Paulina is currently the Head of Group Risk Appetite and Limit Steering in Enterprise-wide Risk
Management at Erste Group in Vienna. In this role, she is responsible for group-wide
implementation and oversight of risk appetite, risk strategy and strategic limit framework. She and
her team cooperate with risk and capital management functions as well as the business to ensure
proper embedding of risk appetite and strategic limits into governance, risk management processes
(i.e. ICAAP and stress testing) and daily operations to drive decision making at all levels of
organization. Prior to joining Erste Group, Paulina worked at several banks, consulting firms and
financial institutions in Germany, US and Mexico setting up risk management functions and leading
change-the-bank initiatives. Paulina holds a Master in Banking and Finance from the Warsaw School
of Economics.
________________________________________________________________________________________
1.202.857.3306 | www.iif.com/training | [email protected]
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