Agenda 2020

Agenda

Essentials of Operational Risk | Agenda

08:3009:00

Registration & refreshments

08:30 - 09:00

09:0009:30

2020 new and emerging risks- Overview

09:00 - 09:30

  • Defining features of the business landscape currently
  • Risks - clear & present and emerging
  • Tooling for the risks
Martin Leo

Managing director, regional head of technology business control

State Street Bank

Regional Head of Technology Business Controls for State Street Bank, responsible for 1st line technology operational risk management across APAC. He has over 25 years of experience in diverse strategic and hands on leadership roles in the industry. Prior to State Street was the Head of Asia Risk at Morgan Stanley IM and earlier with ING as Chief Administrative Officer for ING Investment Management's India business and Asia Pacific Head of Non Financial Risk. In these roles he has held responsibility for Enterprise Risk Management, Operational Risk, IT Risk Management and Infosec. He holds an MBA, is a certified Financial Risk Manager (FRM), CISSP and is a doctoral research student.

09:3010:30

Tackling emerging operational risk

09:30 - 10:30

  • The main categories
  • Internal and external drivers
  • Methods to identify emerging risk
  • Risk mitigating techniques
  • Regulatory guideline
  • Case study
     
Eugene Kwong

Head of operational risk management

Nomura International (Hong Kong)

Eugene has been working in investment banking for 15 years, where he held various positions within Compliance, Risk and Internal Audit.  He is an experienced Operational Risk Management Executive Director, specializing in risk and controls within Global Markets, and actively involved in industry-wide operational risk research and discussions.  His current role ranges from hands on investigations to thematic risk reviews, as well as regulatory operational risk liaison, and leading regional and global teams of operational risk managers in driving an effective and efficient operational risk management programme.  Moreover, Eugene has a strong track record of building Operational Risk Management strategies and Frameworks, developing a non-financial risk taxonomy, data-driven operational risk monitoring, scenario based KRIs; and enjoys reengineering processes as part of business transformation.

10:3011:00

Morning networking break

10:30 - 11:00

11:0012:00

Conduct and Culture Risk

11:00 - 12:00

  • Create the right Conduct Risk Framework and Risk Culture
  • MIC Regime
  • Three Pillars of Sound Bank Culture HKMA
  • Instilling a good corporate governance
  • Foster good culture and prudent risk-taking behavior
  • Inherent and external risk assessment
  • Hiring control
     
Mohit Tandon

Chief operating officer

Eastspring Investments

Mohit is a seasoned Operations & Risk Management professional with 20 years of multi-country experience in Asset Management, Life Insurance & Consumer Banking industries. He has both broad and deep understanding of Asia region’s complex regulatory, business and cultural operating environments, gained through Regional and Country roles in Singapore, Hong Kong, Malaysia and India.

Starting his career with GE Capital in India, he worked across Sales, Operations and Six Sigma functions before going on to head the risk function in the country. Later he joined Prudential Plc to establish the Risk Management function for its Joint Venture with ICICI Bank, the leading Private Bank in India. Subsequently he moved to Singapore as ‘Head of Operational Risk and Financial Crime Compliance’ for Singapore and Hong Kong businesses of Eastspring Investments, the asset management arm of Prudential Plc. Later he moved to the First Line of Defense as the Chief Operating Officer of Eastspring Investments Malaysia where he heads entire Operations, Client Servicing, Digital Transformation & IT Functions.

Mohit is a certified Six-Sigma Black Belt and also a Claritas Certificate Holder from the CFA Institute.

12:0013:00

Third Party & Vendor Risk Management

12:00 - 13:00

  • Third party risk management cycle
  • Conduct due diligence on vendors
  • Vendor Fraud: Identifying red flags
  • What is the difference between internal and external outsourcing
  • Risk Assessment, Effective Controls, Best Practices
  • Regulatory requirements
     

13:0014:00

Lunch

13:00 - 14:00

14:0015:00

Reputational and Strategic Risk Management

14:00 - 15:00

  • 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
     

15:0016:00

How to conduct operational risk stress testing

15:00 - 16:00

  • 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

Managing director, senior risk manager, APAC

BNY Mellon

Dominic Wu is the Managing Director and Senior Risk Manager with BNY Mellon for APAC. He has 20+ years of experience in banking, securities, assets management and consultancy. Dominic is a qualified accountant, fraud examiner and professional risk manager and did his MBA from University of Hull, UK. He is sought out speaker in risk management and provides training to the regulators, universities, financial institutions and professional bodies. He is the Founding Chairman of the Hong Kong Chapter of the Institute of Operational Risk (IOR) and Asia Financial Risk Think Tank.

16:0016:30

Afternoon networking break

16:00 - 16:30

16:3017:30

The geopolitical risks in 2020

16:30 - 17:30

  • The current concerns
  • Definition of geopolitical risks
  • Impact on business
  • Assessment and quantification
  • Risk mitigating techniques
  • Regulatory guideline
  • Case study
     
Dominic Wu

Managing director, senior risk manager, APAC

BNY Mellon

Dominic Wu is the Managing Director and Senior Risk Manager with BNY Mellon for APAC. He has 20+ years of experience in banking, securities, assets management and consultancy. Dominic is a qualified accountant, fraud examiner and professional risk manager and did his MBA from University of Hull, UK. He is sought out speaker in risk management and provides training to the regulators, universities, financial institutions and professional bodies. He is the Founding Chairman of the Hong Kong Chapter of the Institute of Operational Risk (IOR) and Asia Financial Risk Think Tank.

17:3017:30

End of Day 1

17:30 - 17:31

08:3009:00

Registration & refreshments

08:30 - 09:00

09:0009:30

3 Lines of Defence

09:00 - 09:30

  • Evolution of 1, 1.5 and 2nd line of defence
  • Common fallback and failure
  • Best practice in 3 lines of defence and Regulatory expectation
  • 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
  • How to practice proactive risk management
Mohit Tandon

Chief operating officer

Eastspring Investments

Mohit is a seasoned Operations & Risk Management professional with 20 years of multi-country experience in Asset Management, Life Insurance & Consumer Banking industries. He has both broad and deep understanding of Asia region’s complex regulatory, business and cultural operating environments, gained through Regional and Country roles in Singapore, Hong Kong, Malaysia and India.

Starting his career with GE Capital in India, he worked across Sales, Operations and Six Sigma functions before going on to head the risk function in the country. Later he joined Prudential Plc to establish the Risk Management function for its Joint Venture with ICICI Bank, the leading Private Bank in India. Subsequently he moved to Singapore as ‘Head of Operational Risk and Financial Crime Compliance’ for Singapore and Hong Kong businesses of Eastspring Investments, the asset management arm of Prudential Plc. Later he moved to the First Line of Defense as the Chief Operating Officer of Eastspring Investments Malaysia where he heads entire Operations, Client Servicing, Digital Transformation & IT Functions.

Mohit is a certified Six-Sigma Black Belt and also a Claritas Certificate Holder from the CFA Institute.

09:3010:30

Evolution of climate risks

09:30 - 10:30

  • Definition of climate risk
  • How climate risk affect new and current business
  • Regulatory roadmap
  • How this is related to operational risk
  • Company disclosure
  • Next action
Dominic Wu

Managing director, senior risk manager, APAC

BNY Mellon

Dominic Wu is the Managing Director and Senior Risk Manager with BNY Mellon for APAC. He has 20+ years of experience in banking, securities, assets management and consultancy. Dominic is a qualified accountant, fraud examiner and professional risk manager and did his MBA from University of Hull, UK. He is sought out speaker in risk management and provides training to the regulators, universities, financial institutions and professional bodies. He is the Founding Chairman of the Hong Kong Chapter of the Institute of Operational Risk (IOR) and Asia Financial Risk Think Tank.

10:3011:00

Morning networking break

10:30 - 11:00

11:0012:00

Operational Resilience in IT

11:00 - 12:00

  • What does it mean
  • Why does it matter 
  • What needs to be done
Martin Leo

Managing director, regional head of technology business control

State Street Bank

Regional Head of Technology Business Controls for State Street Bank, responsible for 1st line technology operational risk management across APAC. He has over 25 years of experience in diverse strategic and hands on leadership roles in the industry. Prior to State Street was the Head of Asia Risk at Morgan Stanley IM and earlier with ING as Chief Administrative Officer for ING Investment Management's India business and Asia Pacific Head of Non Financial Risk. In these roles he has held responsibility for Enterprise Risk Management, Operational Risk, IT Risk Management and Infosec. He holds an MBA, is a certified Financial Risk Manager (FRM), CISSP and is a doctoral research student.

12:0013:00

The role of op risk in cyber security risk

12:00 - 13:00

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.

13:0014:00

Lunch

13:00 - 14:00

14:0015:00

Fraud Management

14:00 - 15:00

  • 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
     

15:0016:00

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

15:00 - 16:00

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.

  • Risk Data Analytics in Fintech and Digitalization
  • Cyber and Technology Risk
  • Emerging Regulatory Focus

16:0016:30

Afternoon networking break

16:00 - 16:30

16:3017:30

The upcoming step-in risk

16:30 - 17:30

  • Basel consultation paper
  • The current market landscape
  • Impact to business
  • Risk mitigating techniques
  • Case study

17:3017:30

End of course

17:30 - 17:31