Canadian Risk Forum 2020

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Opening Remarks

Presenter: Ken Radigan, PRM, Chief Executive Officer

Ken Radigan is currently the CEO of the Professional Risk Managers’ International Association (PRMIA). Ken also served as Board Member, Treasurer, Chairs of the Finance and Ethics Committees, and Director of the New York Chapter for PRMIA. Ken is also a lecturer at Columbia University’s Master of Professional Studies in Insurance Management. Ken also served as the Chief Risk Officer (CRO) for US and Bermuda platforms of Aspen. Prior to this, Ken was the CRO for the Casualty and Global Risk Solutions Divisions of AIG. Ken had worked at AIG for over 25 years and during this time he had the following responsibilities:

  • CRO Casualty and Global Risk Solutions
  • Director of corporate catastrophe modeling
  • Product line manager for the Environmental Protection Programs
  • Product line manager for the Cleanup Cost Cap programs
  • Actuarial analyst for the corporate actuarial department.

Ken was the inventor of two US Patents on Nuclear Decommissioning Insurance. Ken has a Bachelor of Arts degree with a major in Mathematics from the University of Dayton and has the following professional designations:

  • Professional Risk Manager, PRM
  • Chatered Property Casualty Underwriter, CPCU
  • Associate in Risk Management, ARM
  • Associate in Surplus Lines Insurance, ASLI
  • FINRA Series Certificaations: 6,63,66, and 7
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Fireside Chat: Emerging Risks from COVID-19

Moderator: Sabrina S Dib, Executive Director, Financial Risk Management, KPMG

Sabrina is an Executive Director in KPMG’s Financial Risk Management practice. She has 15 years of Capital Markets and banking industry experience. She is an expert in Enterprise Risk Management, Information Technologies, optimization, data management and analytics, business resiliency and resolution planning. Prior to joining KPMG, she held senior roles in financial institutions in Canada and Europe.

As an Executive Director within KPMG, Sabrina supports clients in maturing their risk functions, as well in engagements around the development of business strategy.

Keynote Speaker: Lora Paglia, Senior Vice President, Global Risk Management Data, Analytics & Technolog, Scotiabank

Lora leads a center of excellence responsible for the design and delivery of scalable innovations in applied artificial  intelligence, machine learning and digital risk technology. In her role she also has oversight responsibility for  enterprise data risk.  
Lora and her team are at the forefront of enabling end users to fully leverage AI/ML and big data tools, techniques  and best practices in support of the Bank’s strategic objectives, while ensuring portfolios operate within risk appetite.

Lora joined Scotiabank in 2012 and during that time has led both Business Analytics and Risk Management teams.  She has held roles with progressive leadership responsibility for over 15 years at large financial institutions, such as  Presidents’ Choice Financial, JPMorgan Chase and Royal Bank of Canada.

 


Session 1: Implications of COVID-19 Across Risk Categories

Moderator: Kamlesh Sidhwani, Director, Emerging Risk, Royal Bank of Canada

Kamlesh is an experienced finance professional with a demonstrated track record of establishing and mentoring high performance teams over the last ten years across Sydney / Asia, London / Europe and Toronto. His areas of expertise include; Risk Management, Macro-economic and disruptive trend based threat assessment and Strategy. In his current role as Director, Emerging Risk his primary responsibilities include providing thought leadership on emerging risk issues such as; threats to traditional FIs from Digital Banking & Growth of Fintech, AI, Blockchain & Cryptocurrencies, portfolio specific impact and readiness assessment as it relates to threats from Trade Wars, Climate Change and other structural macroeconomic events such as first and second risk from stimulus measures announced as part of COVID 19 by major economies, impact from persistent low interest rate environment etc.

He is a qualified accountant (Chartered Accountant) and an MBA and has previously worked with Big Four consultancies such as PricewaterhouseCoopers and KPMG.

Panelist: Paul Barron, VP, Cyber and IT Risk, Royal Bank of Canada

As Vice President, Cyber, Technology & Fraud Risk, Paul is responsible for Cyber, Technology and Fraud Oversight globally at RBC. This includes setting the bank’s risk appetite, providing direction for the bank’s risk management activities through frameworks, policies and standards and providing independent and arm’s length oversight of all risk management activities in these domains.

Paul joined RBC in 2007 in Internal Audit and held a series of increasingly senior positions across the bank where he was recognized for his innovative thinking and genuine leadership style. Most recently, Paul was the Managing Director of Capital Markets Technology Risk, where he introduced a pragmatic and data-driven approach to managing technology risk. Here, he transformed the team into an industry leading provider of risk management services in areas such as access management, application security, controls assurance, risk intelligence and risk advisory services. Paul has a Bachelor of Science from McMaster University. 

Panelist: Alyson Bailey-Flynn, VP, Enterprise Risk, Bank of Nova Scotia

Alyson Bailey-Flynn is a member of the Enterprise Risk team within Global Risk Management, with key responsibilities for Risk Oversight and Reporting. As a part of Enterprise Risk, she oversees the risk lifecycle from risk identification, top & emerging risks, risk management framework, risk appetite and reporting to the Risk Committee, including the Enterprise Risk Management Report to the Board, which provides the Board with a consolidated view of all risks across the Bank.  Alyson also has oversight for reputational risk, insurance risk, policy governance and wholesale portfolio and provisioning including, including management, statutory, regulatory and financial reporting.    Alyson joined the Bank in the Global Banking and Markets division in 1999 and has worked on new business and technology initiatives for Securities Finance, Interest Rate Derivatives and helped to design the Credit Derivatives trading infrastructure for Global Banking and Markets.  From 2013 to 2016 Ms. Bailey-Flynn was the Regional Chief Auditor for the UK, Ireland and the rest of Europe and the Middle East. She holds a Master’s of Mathematical Finance from the University of Toronto, and a BSC in Physics & Math from Saint Mary’s University.

Panelist: Corina Deaconu, Executive Director, Financial Risk Management, KPMG Canada

Corina is an Executive Director in KPMG’s Financial Risk Management practice. She has 20 years of financial risk management and banking industry experience. She is an expert in Stress testing, ICAAP, ORSA, BCAR, capital management and optimization, data risk analytics and reporting, and recovery and resolution planning. Prior to joining KPMG, she held executive and senior roles at Tier 1 banks overseeing risk modelling and analytics, enterprise risk reporting, recovery and resolution planning, stress testing, and insurance risk oversight. As an Executive Director within KPMG, Corina supports clients in maturing their risk function, as well in engagements around capital adequacy assessments, capital optimization, IFRS 9 modelling and implementations, regulatory capital and recovery plans.  

Panelist: Andrew Smee, Partner, Assurance Services, PwC Toronto

Andrew is a Partner in our PwC Toronto Risk Assurance Services practice with more than 25 years of diverse Financial Services experience. Over that time, I’ve spent a lot of time both as a banker and as a consultant. Primarily, I help financial institutions through a transformation – defining the change, planning it, and then working through the details to bring it to life.

More recently, my projects are focused on regulatory compliance:

  1. Assessing an organization’s ability to adapt to a specific piece of new legislation (OSFI Guidelines, Basel requirements, etc.),
  2. Defining an operating model, roadmap or to identify the required business capabilities
  3. Leading / assisting in the execution of the projects to build the new capabilities  
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Session 2: Economists' Perspective: Canada's Medium-Term Outlook

Moderator: Jammi Rao, FRM, Vice President, Business Services and Regulatory Practices, Credit Union Deposit Guarantee Corporation (Alberta)

Jammi Rao is an accomplished commercial banking professional having worked in increasingly senior positions in commercial banks in India, Japan, Kuwait and Canada. He holds the Financial Risk Manager (FRM) designation from the Global Association of Risk Professionals (GARP), New York. During his career spanning 37 years he has acquired hands on experience in both operations and risks as applicable to commercial & retail banking, treasury trading floor and investment management.

Leveraging his experience in banking, Jammi has transitioned to his current position with Alberta’s regulator of credit unions where he is responsible for regulatory practices, information technology, economic analysis, data analytics and strategic planning. Among his responsibilities are the development, maintenance and issuance of all regulatory guidance and standards of sound business practice to Alberta’s credit unions.

Warren Lovely, Managing Director, National Bank Financial

Warren Lovely is a Managing Director with National Bank Financial, serving as chief rates and public sector strategist within the firm’s highly regarded Economics and Strategy group. Warren joined NBF in 2015 from CIBC, where he had worked for 15 years in a variety of roles in economics, strategy and debt underwriting. Warren had earlier worked for the Government of Canada in Ottawa, including the Department of Finance. Warren holds a Master’s degree in economics from Queen’s University and a Bachelor of Arts in economics from Wilfrid Laurier University. Warren is a frequent commentator on financial markets in the media and regularly speaks to investors, business groups and governments in Canada and abroad.

Panelist: Charles St-Arnaud, Chief Economist, Alberta Central Calgary

Charles joined Alberta Central in July 2019. He has more than 18 years of experience as an Economist in the public and private sector, both in Canada and internationally. Before joining Alberta Central, he was Senior Investment Strategist at Lombard Odier Investment Manager in London. Before that, he was Senior Economist and FX Strategist at Nomura International in NY and London. Charles was at the Department of Finance in Ottawa during the global financial crisis, where he advised senior officials on economic policy. He also worked for the Bank of Canada and Morgan Stanley in London and Hong Kong. Charles provides regular comments to various print and television media, including the Globe& Mail, the Financial Post, BNN, Bloomberg, the Wall Street Journal, the Financial Times and Reuters.

Panelist: Carl B. Weinberg, Ph. D., Chief Economist and Managing Director,  High Frequency Economics, Ltd.

Dr. Carl B. Weinberg is the founder and Chief Economist of High Frequency Economics. Barron’s noted recently that Dr. Weinberg is "sought after as much for his provocative views on the global economies as for his deep experience". Before founding High Frequency Economics in 1988, Dr. Weinberg served as Senior International Economist at Shearson Lehman Brothers, where he was involved in advisory projects in G-7 countries, Africa and Latin America. He has also worked at the OECD in Paris, as a member of the economic forecasting unit.

Dr. Weinberg co-authored the Wharton World Economic Model while serving as Director of Wharton Econometric Forecasting Associates. As an IBM Fellow in the mid-1970s, Dr. Weinberg established a European Research and Simulation Center at the IBM Scientific Center in Pisa, Italy. He was also a founding contributor to Project Link, an IMF- and UN-affiliated econometric modeling group in which he still participates.

Dr. Weinberg has taught economics at the European University Institute in Florence, the Wharton School and New York University, where he currently teaches a graduate course in international finance. Dr. Weinberg earned his Ph.D. in Economics from the University of Pennsylvania and is a graduate of Rutgers University.

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Session 3: Key Risks in most Impacted Industries and How They Respond (CRO Panel)

Moderator: Hillary Byck, CPA, CA, Senior Manager, Business Consulting Practice, Ernst & Young LLP

Hillary Byck is a Senior Manager in the Business Consulting practice of Ernst & Young LLP and a member of the Financial Services Risk Management team specializing in non-financial risk management.  She has over 15 years of experience in the financial services industry as a practitioner in internal audit and risk management, leading the GRC program globally and across all segments of the business for one of Canada’s largest global insurance and asset management companies.  She has breadth and depth of knowledge in enterprise and operational risk management, internal controls, regulatory compliance management, incident management, audit, agile and scrum project management, change management, and system implementation. Hillary is a CPA, CA and holds a Bachelor of Business Administration – Accounting from Ryerson University.

Panelist: Lorraine Audsley, Senior Vice-President and Chief Risk Officer, Global Risk Management, Export Development Canada

Lorraine Audsley was formally appointed Senior Vice-President & Chief Risk Officer, Global Risk Management in May 2019 after assuming the role in an acting capacity since September 2018.  As Chief Risk Officer, Ms. Audsley oversees credit adjudication, special loans, risk transfer, risk quantification, compliance and ethics, and enterprise risk management. Since April 2015, she served as Vice-President and Chief Credit Officer.

Previously, Ms. Audsley was Vice-President, International Financing, where she led a group which underwrote financing solutions for small and mid-market Canadian exporters and investors, and Vice-President, Business Intelligence & Innovation, where she led the corporate centres of expertise on operational excellence, business architecture and enterprise information management.  Ms. Audsley has held other roles throughout her career at EDC primarily in the financing underwriting and risk management fields.

Ms. Audsley has a master's degree in finance from the Henley Business School of the University of Reading in England.

Panelist: Corinna Mitchell-Beaudin, Executive Vice-President and Chief Risk Officer at Farm Credit Canada (also known as FCC).

Corinna leads the team accountable for overseeing the management of enterprise, credit, market and operational risks at FCC. She brings a strong focus on developing risk practices that align with FCC’s risk appetite, business objectives and customer experience priorities. By effectively managing risk, FCC protects its ability to deliver great customer relationships for Canada’s agriculture and food industry over the long term.

Corinna holds a bachelor of administration degree from the University of Regina. She is a Chartered Professional Accountant, Chartered Accountant, and a CFA Charter holder, and has been recognized by Saskatchewan Business Magazine as a Woman of Influence.
Corinna has volunteered on numerous not-for-profit Boards in the past with her most recent appointment being to the National Board of Directors for Habitat for Humanity Canada.

Of note, FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $38 billion. As a financially self-sustaining federal commercial Crown corporation, FCC provides flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and food industries.

Panelist: Nadine Leblanc, Chief Risk Officer, Canada Mortgage and Housing Corporation (CMHC)

Nadine Leblanc is the Chief Risk Office of CMHC.  She is responsible for the design and effectiveness of risk management culture and practices at CMHC. Nadine has spent most of her career in the public sector, occupying senior roles in financial reporting, internal controls, risk management and real-estate financing.

Over the past years, Nadine has been instrumental in enhancing the credibility, stature and maturity of CMHC’s internal audit and risk management functions.  She also sponsored several corporate initiatives including the design and implementation of economic crisis models and financing programs following the 2008-2009 financial crisis.   Nadine started her career as a senior auditor of financial crown corporations at the Office of the Auditor General of Canada.

Ms. Leblanc is a CA, CPA and holds a Bachelor of Commerce, Honours Accounting form the University of Ottawa.  She is also the proud recipient of the 40 under 40 leadership award of the Chamber of Commerce of Ottawa.

Panelist: Bogie Ozdemir, CRO and Executive Vice President at Canadian Western Bank

Bogie Ozdemir is currently the Executive Vice President & Chief Risk Officer with CWB Financial Group, a diversified financial services organization providing specialized services in banking, trust, and wealth management.

Prior to joining CWB Financial Group, and in his role as a Vice President with Sun Life Financial Group, Bogie led the development and implementation of (and was responsible for) ORSA, as well as overseeing Operational Risk, Model Vetting, and Risk Analytics. Prior to this, as a Vice President with BMO Financial Group, he was responsible for Economic Capital, Stress Testing, and Basel Analytics, as well as the development and implementation of ICAAP. Previously, as Vice President of Standard & Poor’s Credit Risk.

Services group, Bogie held global responsibility for engineering new products and solutions, and business development and management. Bogie has also authored and co-authored many books and papers, such as:

  • Evolution of Risk Management from Risk Compliance to a Strategic Risk Management: From Basel I to
  • Basel II, III and IFRS 9. Journal of Risk Management in Financial Institutions, Vol. 11, No. 1, Winter 2017, pp.76-85.
  • An Anatomy of the Canadian Banking Structure “Barriers to Growth and Increased Competition”,
  • Working Paper, Bogie Ozdemir, Michael Giesinger, August 10, 2018
  • Adapting to Basel III and IV: Re-engineering capital, business mix and performance management practices post-crisis, Bogie Ozdemir, Second Edition, Risk Books, 2017
  • "A CRO’s Perspective: Implementing, Operationalising and Governing of IFRS 9. Chapter 4 in The New
  • Impairment Model Under IFRS 9 and CECL, Jing Zhang, Risk Books, 2018
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Session 4: How Risk Analytics are Stepping Up to the New Regulatory Challenges in the COVID-19 Era

Moderator: Carl Densem, Risk Analytics and Operations, Central 1 Credit Union

Carl leads Central 1 Credit Union's ERM function and most recently developed risk analytics for market, liquidity and capital adequacy risks at Central 1. He has been part of the Canadian credit union system for over 5 years and covered model risk, ICAAP (internal capital adequacy), risk policy formulation and senior management/Board risk reporting.

Carl graduated from Oklahoma State University's Quantitative Finance program and achieved his PRM in 2013. He worked for Aviva Investors and ING (now Voya) in the United States before relocating to Vancouver (Canada) in 2015. He now lives in Halifax, Nova Scotia.

Panelist: Anh Chu, Head of Canada Product Management, AxiomSL

Anh Chu develops regulatory and reporting products for the Canadian market. Anh joined AxiomSL, with more than 18 years of experience in the financial industry, building, implementing, consulting and supporting banks and financial institutions within Canada and globally on a variety of financial products, ranging from regulatory reporting, Basel, market and credit risk.

Anh holds a B.Math from the University of Waterloo and an M.B.A. from the University of Toronto. She is a CFA Charter Holder and holds an FRM designation.

Panelist: Sanjukta Dhar, Associate Consultant, Tata Consultancy Services

Sanjukta Dhar leads the Risk and Regulatory Compliance initiative of Tata Consultancy Services in Canada Geography.

Sanjukta comes with 17 years of domain and technology experience across Market and Counterparty credit risk computation, modelling, aggregation and reporting functions of banking institutions. She has led and supported few critical build-the-bank risk & regulatory compliance programs such as Risk finance Integration, FRTB, VaR Back Testing framework, BCBS239 and SR11/7.

She is based out of Toronto and takes active interest in applying emerging analytical techniques (Machine learning, MLOps) for Risk modelling.

Panelist: Peter Dodic, Chief Risk Officer, Payment Canada

As Chief Risk Officer at Payments Canada, Peter Dodic is responsible for enterprise-wide risk management, in addition to leading the Business Continuity Management, Compliance and internal Audit functions. Through this role, Peter brings further risk expertise to Payments Canada, preparing us well for the future as our payments Modernization program shifts into execution mode.

Previously, Peter held several positions at BMO Financial Group. In his most recent role at BMO as Managing Director, Operational Risk Management Framework, Peter was accountable for the methodology, reporting, governance and capital management supporting a sound Operational Risk Management Framework across the enterprise. Prior to this role, Peter led BMO's Enterprise Business Continuity Management team, in addition to working for five years in Corporate Areas Finance and Corporate Development.

Peter is a Chartered Professional Accountant in Ontario, he holds a Bachelor of Science in Forestry from the University of British Columbia and an MBA from McMaster University.

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Session 5: Business Resiliency and Cyber Security Efficient Tandem: from Threats Reaction to Threats Anticipation

Moderator: Sabrina S Dib, Executive Director, Financial Risk Management, KPMG

Sabrina is an Executive Director in KPMG’s Financial Risk Management practice. She has 15 years of Capital Markets and banking industry experience. She is an expert in Enterprise Risk Management, Information Technologies, optimization, data management and analytics, business resiliency and resolution planning. Prior to joining KPMG, she held senior roles in financial institutions in Canada and Europe.

As an Executive Director within KPMG, Sabrina supports clients in maturing their risk functions, as well in engagements around the development of business strategy.

Panelist: Yassir Bellout, Partner, Advisory Services, Cyber Security, KPMG

Yassir Bellout is a partner in KPMG’s Cyber Security Advisory practice. With 18 years of professional experience, Yassir has assisted clients across industries in delivering major programs with the objective of deploying Cyber protection and resilience measures. He has led multidisciplinary teams of Business, Information Technology and Cyber Security professionals.

Yassir holds a Master in Business Administration (MBA), a Master in Science (M.Sc.) and an Engineering Diploma (B. Eng.) in computer science. He is also a Certified Information System Security Professional (CISSP), a Certified Information Systems Auditor (CISA) and an Associate Business Continuity Planner (ABCP).

Yassir has assisted major Canadian organizations in forming Cybersecurity functions and running large Cyber transformations. While serving major players in the Banking, Insurance, Finance, Retail, Telecommunications, Transport, Media and Government sectors, Yassir consistently brought a business-oriented perspective to complex Cybersecurity challenges.

His areas of expertise include CISO secondment and coaching, Cyber Security governance and strategy, Cybersecurity risk identification and evaluation, Cybersecurity maturity assessments, Cybersecurity architecture, Identity and Access Management, compliance to standards and regulations, Privacy protection, Cybersecurity penetration tests and RedTeaming exercises, Cyber forensics and Incident response, Benchmarking and evaluation of Cyber Security practices, Business Continuity Management and Disaster Recovery Planning.

Speaker: Tara Media, Director, Business Continuity Management, Monitoring and Quality Assurance, RBC

As Director, Business Continuity Management, Monitoring and Quality Assurance, Tara is responsible for developing and monitoring RBC’s business continuity profile and reviewing the program to maintain its stability, adequacy, and effectiveness to bolster RBC’s operational resilience.  

Tara joined RBC in 2018 with two decades of experience as a multi-faceted business continuity professional in mid- and large-sized global organizations. With a deep understanding of the regulatory landscape, strategic business continuity and crisis management, non-financial risk management, and environmental health and safety, Tara provides both thorough and independent reviews of RBC’s risk profile and robust action plans to enhance resilience. Currently, Tara is overseeing RBC’s COVID-19 BCM emerging risks and residual risk exposure, including managing the changed control environment against regulatory compliance, and conducting a Board-level deep dive review to inform RBC’s strategy for successful maintenance of business continuity and resiliency capabilities in a prolonged work from home environment.

Tara holds a Bachelor of Commerce from Ryerson University, and certifications from Member Business Continuity Institute (MBCI) and Associate Business Continuity Professional (ABCP).

Panelist: Joseph Tso, Chief Information Security Officer, Scotiabank US

Joseph is an IT and Cybersecurity professional with over 20 years of experience with a focus on creating and managing cybersecurity programs. His expertise includes Cyber/IT Risk Management, Security Governance, Incident Response, and Privacy Management. Joseph has worked in a broad range of industries such as Banking/Finance/Insurance, E-commerce, Entertainment, Fashion, and Aerospace. Joseph is currently the Chief Information Security Officer for Scotiabank US. He has a Master of Science in Information Security and Assurance from Embry-Riddle Aeronautical University and a Bachelor of Science in Computer Forensics from Pace University. Joseph is on the Board of Directors for ISACA New York Metropolitan Chapter as the Chair for Sponsorship committee and part of the membership committee where he manages the hosting of cybersecurity industry related events for the NY cybersecurity community. Joseph is a board advisor for Pace University Cybersecurity Program and also a mentor for cybersecurity students participating in the IQ4 program dedicated to NYC Universities and other national college students. Joseph is also on the board for several cybersecurity companies and Venture Capital companies. He has participated on many speaking panels related to cybersecurity and has written several cybersecurity industry articles. 

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Session 6: Lessons Learned from Risk Management During the Pandemic

Moderator: Victoria Guo, Co-Regional Director, PRMIA Toronto 

Victoria Guo is Co-Regional Director of PRMIA Toronto. She currently works as an Associate Director in Group Treasury at Scotiabank and is responsible for enterprise liquidity stress testing framework implementation. Prior to Treasury, she held several roles in market and liquidity risk in Global Risk Management. 

Victoria demonstrates a habit of leadership in giving back to the community and making a difference. As an active member of PRMIA Toronto, she successfully co-organized a series of risk events including the PRMIA Canadian Risk Forum, Basel IV panel and Risk Management Challenge Competition. She has been an influential advisor and mentor in New Horizon Career Club since 2016 and was Scotiabank’s United Way fund raising campaign Vice Chair and Ambassador in 2015 and 2016. 

Victoria holds a Master’s degree in Economics from the University of Toronto, a Bachelor’s degree in Financial Engineering from Shanghai Jiao Tong University and is a CFA and FRM charter holder. 

Panelist: Emilian Belev, CFA, ARPM, Head, ERM Analytics, Northfield Information Services, Inc.

Emilian Belev has led the research and development of Northfield's Enterprise Risk Analytics at Northfield for about two decades.  He is responsible for an integrated framework of multi-asset class analysis. The range of modelled assets under his responsibility includes equity, fixed income, currency, interest rate, and credit derivatives, structured products, directly owned real estate, private equity, and infrastructure.  He has introduced innovative methodologies in the areas of convertible bond analytics, pricing path dependency, credit risk analysis, and optimal investing in infrastructure, commercial real estate, and private equity. Emilian has presented on some of these topics at industry events internationally and published research in peer reviewed journals and book chapters.  

Prior to joining Northfield, Emilian was with State Street Global Advisors. Emilian is an actively involved CFA charter holder, a recipient of the Certificate in Advanced Risk and Portfolio Management, and a member of the PRMIA expert advisory group for Market Risk. 

Emilian is a winner of the 2013 Professional Risk Management International Association Award “New Frontiers in Risk Management”, and recipient of the 2015 American Real Estate Society Award for Best Practitioner Research. He enjoys part-time teaching of finance graduate students and industry professionals on topics of risk management, in addition to his full time industry involvement.    His research passion is the connection between valuation and risk for private assets.  This led him to become one of the co-founders of cash flow and valuation analytics firm Aspequity, which closely partners with Northfield on multi-asset class assignments.

Panelist: Shannon Martin, Director, Corporate Risk, Greater Toronto Airports Authority

Shannon Martin joined the GTAA in November 2006. She is accountable for the company’s Enterprise Risk Management (ERM), Business Continuity (BC) and Insurance programs with the overarching objective of ensuring that risks are proactively identified and managed across the organization.

Shannon leads the GTAA’s ERM program, which employs a variety of industry best practices, tools and policies to identify, assess, mitigate and manage risk. She is responsible for reporting to the Executive Team and the GTAA Board’s Risk Oversight Committee on strategic risks that could impact the organization’s ability to achieve its strategic objectives. 

Through her leadership of the BC and insurance programs, Shannon drives the organization’s commitment to mitigating risk by increasing the GTAA’s and Toronto Pearson’s levels of resilience to disruptive events, including protecting against potential financial impacts.

Shannon serve as a Steering Group Member – Airport Representative of the Airports Council International – North American (ACI-NA) Risk Management Committee and holds Canadian Risk Management (CRM) and Fellow Chartered Insurance Professional (FCIP) designations.

Panelist: Mario Schlener, Partner, EY

Mario leads EY’s Financial Services Risk Management Practice (incl. FinCrime Practice) in Canada and Co-leads EY’s AI Product “SHAZAM model performance platform”

He is leading several EY asset developments using ML/AI applications and solutions for financial-, non financial risks and FinCrime.

He brings over 23 years of experience in risk and capital markets modelling and quantitative risk management.

 Panelist: Ray Westcott, Vice President, Model Development, TD 

Ray Westcott is Vice President, Model Development, for TD Bank Financial Group.  His experience includes postings in Canada in the financial industry, in banking, consulting, custodial services and prudential regulation.  His over 20 years of experience follow an MSc in Mathematics (Toronto) and Doctoral studies in Mathematics in Hamilton, where he continues to reside with his family and an ever-changing number of dogs (not to exceed 2).

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