Programme 2019

Programme 2019

OpRisk Hong Kong Programme

Day 1 - Wednesday, 18 September 2019

09:00

Registration

09:30

The current state in risk management – finding the balance

Mohit Tandon, Chief Operating Officer, Eastspring Investments

10:00

Conduct Risk and Risk Culture

  • Create the right Conduct Risk Framework and Risk Culture
  • Set up the Governance
  • Foster good culture and behavior
  • Inherent and external risk assessment
  • Key conduct control
  • Good management information
  • Risk Appetite Statement

Mohit Tandon, Chief Operating Officer, Eastspring Investments

11:00

Morning Networking Break

11:30

Digital and data risk

  • New trends in Fintech and Digitalization
  • Key operational risk points
  • New operational risk thinking (e.g. volatility, uncertainty, complexity, ambiguity)
  • Mitigants and solutions
  • Data Management Governance
  • Risk Taxonomy Data Aggregation
  • Risk Data Analytics
  • Application of AI and RPA for Operational Risk Management in 1st and 2nd Line

Martin Leo, Head of Risk, Regional Head of Technology Business Controls, State Street

12:15

Third Party & Vendor Risk Management: Overcoming Today’s Most Common Security & Privacy Challenges

  • Drivers and challenges
  • Third party risk management cycle
  • Conduct due diligence on vendors
  • How to do risk profile of critical vendors
  • How to handle security and privacy issues
  • What is the difference between internal and external outsourcing
  • Sharing of good practice
  • Regulatory requirements

Martin Leo, Head of Risk, Regional Head of Technology Business Controls, State Street

13:00

Lunch

14:15

How to conduct operational risk stress testing

  • Value and use of Operational Risk Stress Testing
  • Selection of the scenarios
  • How to know the unknown: Black Swan and Grey Rhino
  • How to overcome key challenges
  • Calculating baseline loses
  • Benchmarking with the industry
  • Case Study
  • Regulatory guideline

Dominic Wu, Director and Senior Risk Manager, Asia Pacific, BNY Mellon

15:00

Regulatory Risk

  • Current and emerging regulatory focus
  • Regulatory challenges specific to APAC
  • Cross border regulatory reform

Christopher Tam, Head of Regulatory Affairs and Implementation APAC, Global Markets, BNP Paribas

15:45

Afternoon Networking Break

16:15

Reputational and Strategic Risk Management

  • Definition and types
  • Set up the right governance framework
  • Monitoring tools
  • Implication on new product development
  • Implication on new client/deals on boarding
  • Conduct due diligence on clients
  • External lesson learnt
  • Regulatory guideline

Mohit Tandon, Chief Operating Officer, Eastspring Investments

17:00

End of Day 1

Day 2 - Thursday, 19 September 2019

09:00

Registration

09:30

3 Lines of Defence

  • Roles and Responsibilities
  • Who are in which lines
  • How to align and provide consistent view on risk profile to the Board
  • How to align Risk, Finance, Compliance and Legal
  • Evolution of 1.5 line Risk and Control Group reporting to Business
  • Common fallback and failure
  • Sharing of good practice
  • Regulatory expectation

Akhil Maria, MD, Asia Pacific Head- Operational Risk Management, Citibank

10:15

Focus on 2nd Line

  • How to demonstrate effective questioning and challenging the 1st Line
  • What is the right organization model and scope of work of 2nd Line
  • How to measure the performance
  • Tackle Talent challenges
  • Identify emerging risks
  • How to practice proactive risk management
  • How to fully align internal control and risk
  • Chance of evolution into enterprise risk management

Akhil Maria, MD, Asia Pacific Head- Operational Risk Management, Citibank

11:00

Morning Networking Break

11:30

IT and Cybersecurity Risk and Operational Resilience

  • Cyber and IT Risk Framework 
  • Regulatory requirements
  • Latest trends and threats
  • Risk in traditional banking
  • Risk in virtual banking
  • Effective risk mitigants
  • Operational Resiliency Framework
  • Key success factors
  • Roles of ORM in Cybersecurity risk and Operational Resiliency

Francisco Javier Ruiz Garcia, Executive Director, Head of Operational Risk & IT Cyber Security Risk, Banco Santander

12:15

The role of op risk in cyber security risk

With the advancement of technology cyber-attacks on financial institutions have been one of the most problematic issues for enterprises. Though investing on technologies can effectively prevent large numbers of cyber risk attacks, however, some incidents will escalate into significant business crises. Even with well-documented response plans, few organizations are sufficiently prepared. Because the threat landscape changes rapidly, responses cannot be perfectly scripted.

Here in this session we will simulate a real life cyber risk attack. Midway during the exercise, there will be an added challenge. This will test Operational Risk Heads and Managers in groups will be asked to actively think on their feet and come up with a plan to counter these challenges. Group leaders will present all findings on stage.

Francisco Javier Ruiz Garcia, Executive Director, Head of Operational Risk & IT Cyber Security Risk, Banco Santander

13:00

Lunch

14:15

Fraud Management

  • Fraud Risk Triangle
  • Objectives e.g. response, prevention and detection
  • Fraud risk management framework
  • Design effective fraud risk management program
  • Calculating fraud risk exposure
  • Analysis of recent fraud survey
  • Case studies: trade finance/letter of credit fraud, wiring fraud, bank employee fraud, organized crime to penetrate banking systems
  • Effective training to staff

Dominic Wu, Director and Senior Risk Manager, Asia Pacific, BNY Mellon

15:00

Roundtable discussions: Bring your questions, leave with your answers!

From session to roundtable - Take the day's most contentious issues and fully engage with your peers in small interactive roundtable discussions to drill down, share best practice and take away diverse approaches to the same challenge from your fellow industry peers.

Data Security – Francisco Javier Ruiz Garcia, Executive Director, Head of Operational Risk & IT Cyber Security Risk, Banco Santander

Conduct Risk – Dominic Wu, Director and Senior Risk Manager, Asia Pacific, BNY Mellon

Vendor Risk - Frankie Liu, Audit, Operational Risk and Compliance Professional

15:45

Afternoon Networking Break

16:15

The top 10 pitfalls/trends operational risk practitioners need to watch in 2020

Given the ever-changing environment, this session will discuss the key operational risk pitfalls & trends which practitioners would need to be conscious of in 2019 and beyond.

  • Open discussion: What are we missing?

Dominic Wu, Director and Senior Risk Manager, Asia Pacific, BNY Mellon

17:00

End of Conference