Hank Prybylski
Hank Prybylski is Ernst & Young LLP’s Americas Financial Services Office Advisory Leader and Global Financial Services Risk Management practice leader. He has over 20 years of experience serving top-tier institutions within the financial services industry and in his role as the FSO Advisory leader oversees more than 2,000 professionals across Banking & Capital Markets, Insurance and Asset Management. In addition to these responsibilities Prybylski also manages partners located across the world’s major financial centers who oversee teams of risk management and regulatory compliance professionals.
Sameer Sirdeshpande
Sameer Sirdeshpande is currently the Senior Vice President of Risk Management at Jeffries & Company, where he directs front-to-back program management and technology strategy for enterprise-level risk management, evaluates vendor partners, build/buy decisions and directs the firm’s strategic risk architecture. He has an extensive background in IT development, business analysis, strategy consulting and technology management in both the IT as well as the business organization hierarchies.
Jan Voigts
Jan Voigts is an Assistant Vice President at the Federal Reserve Bank of New York (FRBNY), with over 32 years of experience in central banking and bank supervision. Mr. Voigts has led numerous investigations, and has contributed directly to the formation of laws and regulations. He has also served on international technical assistance missions for foreign central banks and foreign regulators including the Central Bank of Iraq. Apart from recognition awards at the FRBNY, Mr. Voigts is the first examiner in the history of the Federal Reserve System to receive a Chairman’s Award for meritorious service to the Federal Reserve System. Having been stationed at Lehman Brothers during the financial crisis in 2008, he currently serves as the Deputy Central Point of Contact (CPC) for Morgan Stanley.
Don Wesnofske
Don Wesnofske is an executive advisor and financial services industry leader in the practice areas of Governance, Finance, Risk, and Compliance. His experience includes positions as a Chief Financial Officer, a Financial (Credit & Market) Risk Officer, an Operational Risk Officer, and an Operations and Information Technology (IT&O) Officer. Don is a subject matter expert in enterprise finance and risk integration, convergence, and transformation embracing architecture frameworks, aggregation processes, data agendas, deep analytics, compliance analysis, and validation and testing regimes that support identification, assessment, measurement, monitoring, analytics, reporting, and mitigation.
We are also very pleased to welcome Peter O. Davis to the Chapter Advisory Board.
Peter Davis is a Principal in Ernst & Young LLP's Americas Financial Services Office (FSO) where he co- leads its US Financial Services Risk Management practice. Peter works extensively with global financial institutions in the enhancement of their risk management capabilities and in addressing new and evolving regulatory standards. For the past 15 years, Peter has led Ernst & Young’s credit risk management and capital management services, including services related to the advanced regulatory standards under Basel II/III. Peter coordinates globally on Ernst & Young’s service offerings related to the financial reform agenda.
Presenter:
Sailesh R Buddhavarapu, Managing Director, Edison Mission Marketing & Trading
Topic: Energy Risk Management
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1. Overview of Commodity markets, instruments, and price discovery processes
2. Energy Risk Management Tools
3. Model challenges
Presenter: Jim Colburn, Vice President, MF Global
Topic: The Effects of Indexed Strategies on Oil Markets
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Presenter: Chuck Cerria, Associate General Counsel-Trading, Hess Corp.
Topic: Impact of Dodd Frank Act on Practitioners in Energy Markets
Mr. Sharma's background includes over 20 years in the financial industry, both on the sell-side and the buy-side. His previous positions have included working as a Senior Quantitative Analyst in the Vanguard Group's fixed-income department, a Senior Quantitative Analyst in Fannie Mae's Credit Policy department, and a Senior Quantitative Analyst in the equity derivatives analytics group at Nomura Research Institute. He received a Master of Science degree from the Moore School of Engineering at the University of Pennsylvania in 1984.
The PRMIA NY Chapter intends to nurture and expand relationships with all risk professionals through evening and day-long events, as well as via web-site education and blogs. They intend to continue to cultivate relationships with senior risk professionals via C-Suites and the CRO Summit. PRMIA NY Chapter events are meant to incubate the next generation of risk managers and leaders while aiming to significantly enhance and leverage thought leadership within the risk management profession.
PRMIA New York activities are a key facet of the chapter's mandate to inculcate risk management best practices within the financial industry while promoting PRM as the highest standard of risk certification. The chapter expect that the contents of their efforts, appeal via networking and mentoring capabilities, and the content of the wide-range of activities add value to a broader cross section of PRMIA's member base and should ideally lead to increased membership.
PRMIA would like to acknowledge the Steering Committee members of the New York chapter that will help the chapter achieve their goals, please find the members below.
The New York chapter held an event on 'Multiple Factor Risk Models' on October 27, 2010. Attilio Meucci presented a paper titled 'Factors on Demand'.
Attilio's paper and slides can be accessed on
Slides
Paper
Attilio's presentation was followed by a lively panel discussion moderated by Dan Rodriguez - Chief Risk Officer, Americas Equity Division & Global Arb Trading at Credit Suisse. The other panel attendees were:
- Dan diBartolomeo, President and Founder of Northfield Information Services, Inc
- Terry Marsh, President and CEO of Quantal
- Frank Nielsen, Executive Director and Head of Applied Research for the Americas at MSCI Barra
- Sebastian Ceria, PhD, CEO of Axioma
Melissa’s slides can be downloaded here:
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The Professional Risk Manager (PRM™) designation program is the global standard for the world's top financial risk professionals. The PRM Candidate of the Year award program annually recognizes top PRM candidates from around the world. There are four awards given -- the prestigious PRM Candidate of the Year award, the other finalists for the top award, the Award of Merit for those whose exam scores across multiple exams distinguish them from the rest of the candidates, and the PRM Focus Award for candidates who have achieved the highest score of the year on the four individual exams of the PRM designation program.
“The entire award committee was very impressed by Mukul, and we congratulate him on this achievement,” says David Millar, PRMIA Chief Operating Officer. “He excelled on his exam results, written essay and interview, and proved that he is deserving of this prestigious award.”
Mukul Pareek says, “I am honored to have been chosen for this award. Preparing for the certification exams provided me with two invaluable benefits: firstly, a conceptual understanding of markets, risk, reward and regulation that any market professional needs in a dynamic business environment, and secondly, an understanding of the tools to immediately apply the theory, whether in the form of over a dozen detailed case studies, or spreadsheet based modeling for the kind of issues asset managers and risk professionals have to deal with each day.”
He adds, “If one is really interested in enhancing one's knowledge of the contemporary thinking on risk beyond the superficial, the PRM certification provides a very well structured route to do so. The self-contained course material is head and shoulders above anything else I could compare it to.”
For more information on the PRM and APRM, please visit our website
PRMIA would like to thank Sungard for their generous sponsorship and ongoing support of PRMIA.
Pictures from the Event:
Keynote Speaker David Rowe
Panelists Joseph Tanega (moderator), Joseph Langsam, Dean Christiansen, David Rowe, Marcus Cree
RISK MANAGEMENT IN AN ERA OF GLOBAL TURMOIL
September 22nd 2009, New York
http://www.prmia.org/events/view_events.php?eventID=3617
On September 22nd PRMIA's NY Chapter hosts an evening discussion "Risk Management in the Era of Global Turmoil." David Rowe, EVP for Risk Management at SunGard-Adaptive and a member of PRMIA Board of Directors will present his view of the lessons learned through the crisis. His presentation will be followed by Marcus Cree from the same organization discussing the role of social media in promoting best practices and establishing though leadership in the risk management profession.
In addition to David and Marcus, the event agenda features a panel of distinguished speakers including Dean Christiansen, Principal at Acacia Capital and Joseph Tanega of the University of Westminster, School of Law. Dean will share his first-hands experience in managing counterparty risk and collateral due diligence using real-life examples. Joseph's role will be to add an international perspective and moderate the discussion. This Sungard sponsored event will be concluded with a networking session.
PRMIA Risk Technology Trilogy Event Series
RISK ANALYTICS AND RISK PLATFORM CONVERGENCE
October 1 2009, New York
http://www.prmia.org/events/view_events.php?eventID=3453
Risk Managers are gathering on Oct 1st in New York to discuss traditional risk aggregation and performance measurement platforms, with particular focus on improvement required for the next generation Risk Management. Industry leaders will speak on the linkage of risk business processes with financial and performance measurement capabilities that are key to deriving risk exposure.
Interactive sessions are planned to discuss current trends in: data modeling, the convergence of front and middle offices, audit, real-time risk management and much more. This IBM and SAS sponsored event will be concluded with a networking session.
Katherine will be replacing James Tunkey as Regional Director of the New York Chapter. Katherine has been a member of PRMIA since 2003 and has been involved with the chapter as an active Steering Committee member for the past two years. In her role as Regional Director, Katherine will continue to cultivate relationships with senior risk professionals through C-Suite and CRO Summit events. Katherine sees opportunities to better leverage the thought leadership gleaned during these sessions, both through improvements in communication to the New York membership and also by integrating these themes into broader membership meetings.
In addition to adding value and promoting the PRMIA organization at a senior level, Katherine feels the New York chapter is at a unique juncture in being able to serve the ‘next generation of risk managers.’ She states this fits directly with our mandate, both in being able to promote PRM as the highest standard of risk certification as well as leveraging an energetic volunteer base. Adding value to a broader cross section of PRMIA’s member base through content, networks and mentoring should ideally lead to increased membership.
PRMIA would like to take this opportunity to thank James Tunkey for his invaluable contributions to the New York chapter and PRMIA. James was a member of the Regional Director Support and Standards Committee from 2003-2007, he was the Regional Director of the Hong Kong chapter from 2003-2004 and served the New York membership as Co-Regional Director from 2005-2006 and became sole Regional Director in 2006. PRMIA is delighted that James will continue to support the local chapter as a member of the New York Steering Committee.
PRMIA wishes Katherine much success in her new role and we look forward to seeing the continuance of excellent events held in New York in addition to new opportunities for the membership.
The forum will be a full-day conference at the Harmonie Club. It will feature renowned experts on credit risk and will focus on key developments and challenges in credit risk measurement and management, including the impacts of credit risk realization on other risks such as market risk and liquidity risk.
Hear about the latest research and trends in the credit risk space from leading practitioners with a look ahead to the most critical issues facing the global marketplace.
To register please visit the PRMIA events page or click http://www.prmia.org/events/view_events.php?eventID=2848
]]>Highlights included:
•The Impact Hedge Funds and Alternative Industries Will Have on the Financial Markets
•Role of Risk Management within Hedge Funds
•Alpha and Beta of Emerging Hedge Fund Strategies
•John Dizard, Columnist, The Financial Times
•Hedge Fund Replication
•Hedge Fund Regulation: When, Not If
The Regional Director announced that Colin Telmer and Desiree ONiell have resigned as members of the New York Steering Committee but will be on hand as advisors on an as needed basis. The Regional Director thanked them for their time and contributions.
The NY chapter adopted their own By-laws and can be viewed by clicking here.
The Committee reviewed the events and activities that had been and were still to be carried out in 2007. They noted that the year has been very successful so far and their efforts enabled the hire of two positions within PRMIA Global, a Marketing and Event person. The Committee also started discussing their plans for 2008, including their calendar of chapter events, C-Suite events, all day events and the CRO Summit.
The Committee held an election of the Steering Committee as per the chapter By-Laws and the following people were elected as members of the New York Chapter Steering Committee: Mark Abbott, Viktoria Baklanova, William Ding, Philippa Girling, Matthieu Royer, Navin Sharma, Abraham Thomas, James Tunkey and Christopher Whalen.
James Tunkey was nominated as Regional Director and Navin Sharma was nominated as Deputy Regional Director.
The Committee also voted on the creation or maintenance of additional committees within the New York Chapter, which include a Market Risk, Operational Risk, Credit Risk, Social Programming and Scholarship Program and Advisory Committee.
To read the complete minutes of the meeting, please click here
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February 28, 2007 - New York, NY - Highlighted with keynote presentations from industry leaders like John Hull, Ed Altman and Don van Deventer, PRMIA New York's 2007 "Frontiers in Credit Forum" raised issues of high importance for the risk profession. The general consensus among participating experts was a mixture of enthusiasm about the point to which the industry has evolved tempered with concerns about trends that, if not properly managed, portend trouble on the horizon.
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