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Agenda

Speakers

CRL Credits

  Date:
May 26, 2022

  Time:
11:00 a.m. - 12:00 p.m. EDT

  Presented By:
Justin McCarthy, CEO, PRMIA
Sarah Reppchen, Leader Financial Services Western Canada, Risk Advisory, Deloitte LLP 
Richard Moss, Adenza 
Hany M. Farag, Senior Director, Head of Methodology and Analytics, Capital Markets Risk Management, CIBC
Alka Grover, CPA, CA, Director, Capital Interpretation & Policy, Financial Resource Optimization, Corporate Treasury, Royal Bank of Canada 

  Location:
Virtual Event

In this fireside chat, an expert panel of speakers will discuss the current pain points and provide insights on regulatory reporting in North America in 2022, addressing the most common challenges and what it takes to manage ongoing regulatory change. Topics include key regulatory updates & timelines including Basel IV and BCAR reporting. We will also explore ESG as an emerging regulatory concern for banks. Panelists will discuss how financial institutions can prepare to adopt and implement these changes. Key challenges to technical implementation of these regulatory updates, around data, models and methodology and new technology, will also be discussed. 

The conversation will include:

1.  Basel IV & BCAR

• How Canadian banks have prepared for the increase in data and granularity required for calculations and reporting.
• What US banks can learn from the Canadian implementation

2.  ESG & Risk

• How are large financial institutions in North America addressing ESG reporting req’s
• What are they doing now?

3.  Other regulatory reporting updates to be aware of/ banks are preparing for

Join us to learn more about these timely and relevant topics. 

Speakers
		Moderator: Justin McCarthy, CEO, PRMIA Justin McCarthy has worked in roles in many firms, including Ulster Bank, Bank of America Merrill Lynch, PricewaterhouseCoopers and with the Irish Financial Regulator at the Central Bank of Ireland. This work has allowed him to see the changes in risk management since through and beyond the recent global financial crisis. His work on the PRISM risk based supervision framework with the Irish Financial Regulator included exposure to banking, funds and insurance risk practices as well as the quantitative work done on the related impact models and the challenge in feeding valid financial data to these models. He is CEO of the Global Board of the Professional Risk Managers' International Association (PRMIA). This is a non-profit professional association, governed by a Board of Directors directly elected by its global membership. PRMIA is represented globally by over 50 chapters in major cities around the world, led by Regional Directors appointed by the Board. Previously he has served as the chair of the Global Board of PRMIA. Justin has a BSc from University College Cork and an MBA from the Michael Smurfit Graduate School of Business at University College Dublin. He recently completed his Corporate Director Certificate at Harvard Business School. He is originally from Schull, west Cork, Ireland and has two children.
		Sarah Reppchen, M.Sc., M.A., German CPA (Wirtschaftspruefer), Leader Financial Services Western Canada, Risk Advisory, Deloitte LLP  Sarah Reppchen is the Co-Regional Director of the PRMIA Chapter Vancouver and leading Financial Services for Deloitte’s Risk Advisory practice in Western Canada. At Deloitte, she is responsible for supporting Financial Institutions across Western Canada managing the Regulatory and Risk Management challenges, especially Operational Risk creates one of the most imminent challenges. Sarah has over 10 years of experience in the financial services industry, especially in auditing and advising Enterprise Risk Management Functions concerning regulatory compliance in the context of the Basel III framework, as well as Vendor Risk Management Governance, Anti Money Laundering processes and Model Risk Management. Sarah’s primary experience was generated on large, complex banks (G-SIBs, D-SIBs), Credit Unions, investment management firms in Canada, Europe and on a global scale. Sarah has worked with the first, second, and third line of defense to inform on optimization opportunities while meeting regulatory requirements. She worked on behalf of EU Supervisory Authorities (ECB, BaFin, PRA) and supported on managing Regulatory Affairs with Regulators in North America. She was mandated by Regulators to support their audits of large banks concerning operational resilience, governance, development of control frameworks and policies meeting operational risk management and reporting requirements. Sarah qualifies as Wirtschaftspruefer, the German CPA (IFAC compliant).
		Richard Moss, Global head of Risk Strategy, Regulatory Solutions, Adenza Richard Moss, is the Global Product Leader for AxiomSL’s Risk Calculation and Risk Reporting product line. In his role at AxiomSL Richard has pioneered the creation of BCBS 239 compliant Data Dictionary led solutions for Counterparty Credit, Capital and Liquidity Reporting. The design work led by Richard and his team has helped Financial Institutions in Europe to consistently meet the changing landscape of EBA reporting requirements. In addition, this body of work has also been adapted for other jurisdictions that are closely aligned with Basel recommendations, Canada being one of them. Prior to joining AxiomSL, Richard led enterprise wide strategic regulatory reporting initiatives at Bank of America. His background includes assignments at Barclays Capital, where he was responsible for Equity Derivatives product control and an Audit function at Ernst & Young. Richard has a B.A. with Honours in Economics from Durham University and is a Chartered Accountant.
		Alka Grover, Director of Capital Interpretation & Policy, Financial Resource Optimization, Corporate Treasury at Royal Bank of Canada. Alka leads and coordinates RBC directional policy and advocacy for capital and leverage regulatory requirements with its Canadian regulator, OSFI. She participates in major capital implementation projects as they arise to ensure projects meet regulatory requirements (e.g. Securitization Framework and Counterparty Credit risk, Pillar 3 disclosures). Alka also coordinates RBC’s quarterly enterprise wide Pillar 3 external reporting disclosures. Alka has over 10 years’ experience in regulatory capital at RBC and enjoys translating complex requirements into meaningful requirements for messaging to all levels of staff. Alka is a Canadian Chartered Professional Accountant with experience in credit adjudication and financial reporting as well.
		Hany M. Farag, Senior Director, Head of Methodology and Analytics, CIBC Hany Farag is Senior Director and Head of Risk Methodology and Analytics at CIBC. Prior to his current position he was a partner at Eastmoor Capital Partners, LLP; Managing Director and Head of FX Statistical Arbitrage at CIBC; and Head of Quantitative Research at OANDA Corporation. Prior to his industry positions he was a Postdoctoral Fellow at Caltech and at Rice University. He holds a PhD in Mathematical Analysis from Yale, a MS in Theoretical Physics from Yale, and a BSC in Electronics and Communications Engineering from Ain Shams.
		Mohamed Hoteit, ESG Product Manager, Adenza Mohamed is the ESG Product Manager, responsible for delivering the ESG offering of Adenza. Mohamed and his team designed the core module of Adenza’s ESG strategic solution that tackles the challenges created by the implementation of the EU Taxonomy and SFDR regulations and their reporting requirements. Prior to this role, Mohamed was managing the regulatory analysis team responsible for the Global Shareholding Disclosures solutions that has been adopted by major reputable financial institutions in the Americas, Europe and APAC in order to meet their monitoring and reporting obligations in the areas of Large shareholdings, short selling, takeover panel as well as other country specific regulations such as the 13F in the US. Prior to joining Adenza, Mohamed was leading the Contracts Review and Cost Compliance Unit in one of the biggest Petrochemical Infrastructure projects in Saudi Arabia. His career included several roles in the areas of Audit, Corporate Finance and Management accounting in different regions around the world. Mohamed has a B.A in Business Management and an MSc in Financial Assets Management as well as an MSc in Financial Accounting from Reading University

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

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