Emerging Trends in Stress Testing

Expand your knowledge of stress testing and its application to climate risk, AI, machine learning and data requirements.

Emerging Trends in Stress Testing

June, 2020

View agenda here    View pricing options

COVID-19 update

Due to the escalation of the COVID-19 developments and the restrictions being placed on travel, Risk Training has taken the decision to provide our May, June and July training courses virtually.

The decision to move remotely has not been taken lightly, but our utmost priority is to safeguard the wellbeing of all our delegates, speakers and staff.

We are hopeful that we will be able to return to our in-person events later this year, however as this unprecedented situation is changing every day, we remain watchful but also focused on delivering this much anticipated course.

 

01 June 2020
2020-06-01 08:30:00 +0100

About the course

This training course, led by expert practitioners, will address the best practise approaches and applications of stress testing and how best to improve on the efficiency, processing and utilisation of stress testing results.

With a dedicated session on scenario design, participants will have the opportunity to develop and share their knowledge through group exercises and practical examples. This course will also provide a deep dive into credit risk stress testing frameworks, non-financial risk and the impact of stress testing on capital allocation.

This course will provide attendees with knowledge on how to adapt stress testing to an evolving business model and emerging trends including climate risk, machine learning and understanding data requirements.

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What will you learn?
  • How to utilise stress testing for business decision making
  • Address the challenges of credit risk stress testing
  • Practical workshop for best practise scenario design
  • What tools are needed when stress testing climate risk
  • How AI and machine learning can optimise stress testing processes
  • Understand how to develop data consistency for effective stress testing
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Who should attend?

Relevant departments may include but are not limited to:

  • Stress testing
  • Credit risk
  • Market risk
  • Internal audit
  • Regulatory compliance
  • Capital management
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Sessions include
  • Embedding stress testing frameworks to inform business decisions
  • Credit risk stress testing
  • Group activity: scenario design workshop
  • The impact of stress testing on capital allocation 
  • Non-financial risk and stress testing
  • Challenges in Stress testing: Market Risk and Counterparty Credit Risk
  • Enhancing stress testing with AI and machine learning
  • Stress testing for climate risk

Course speakers

Konstantina Drakouli

Head of fixed income, market risk

Jefferies – London

Konstantina Drakouli has worked for risk management for most of her 20-yr career, in both London and New York. With an Economics Bachelor degree (M.I.T.), she is also a teaching associate at Warwick Business School and King's Business School.

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Grigoris Karakoulas

President & founder

InfoAgora Inc

Grigoris Karakoulas is the president and founder of InfoAgora Inc. that has provided risk management consulting, prescriptive analytics, RegTech solutions (CECL/ IFRS9/IRRBB/Basel III) and model risk management services to Fortune-500 financial institutions with multi-million dollar benefits. He is also Adjunct Professor in the Department of Computer Science at the University of Toronto. Grigoris has published more than 40 papers in journals and conference proceedings in the areas of machine learning, risk management and predictive modelling in banking. He is on the PRMIA subject matter boards for Stress Testing and Enterprise Risk Management. He holds a PhD in Computer Science (Artificial Intelligence).

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Subas Roy

Senior partner

Oliver Wyman & global chairman, International RegTech Association

Subas is a senior Partner in Oliver Wyman with 23 years of strategic consulting experience in Banking and Financial Services inorganic growth, digital innovation and digital transformation. He has led and designed Digital Innovation, Regulatory and Financial Inclusion strategies for multiple central banks and regulators across Western Europe, North America and Asia Pacific regions. 

Subas currently runs a growing management consulting business in Oliver Wyman with 24 revenue generating Partners and another ~120 consultants with YoY global revenue of ~$130MM focusing on (a) digital strategy and acceleration including market infrastructure reorganisation; (b) digitalization of risk and regulatory compliance in banks and regulators; and (c) cost optimization across 3LoDs in tier-1 banks and FIs including corporate finance advisory for buyout and other strategic options.

Prior to Oliver Wyman, Subas was a senior Partner at two Big4 Professional Services (2011-2017 at Ernst & Young, and 2005-2010 at PricewaterhouseCoopers) responsible for developing global strategy advisory practice for Banking transformation fueled by disruption and technological advancement, supported with proper people and process strategies, and how to deliver an accelerated digital change, ethically and responsibly in a growing, emerging economy. In Thailand, he led digital banking transformation for 2 of the top 3 Banks head quartered in Bangkok over a period of 4 years.

Subas is also the Founder and currently non-executive Global Chairman of the International RegTech Association (IRTA), a premier non-profit association representing the RegTech firms, central banks/regulators, and innovators in ~30 countries.

Previously he has held External Advisory Board appointments to the United Nations Capital Development Fund (UNCDF) on two digital innovation missions in South-east Asia, including creating a digital identify platform in Nepal and helping the Ministry of Electronics and Information Technology of India to develop a digital identification platform (Aadhar) for 1.3BN Indian citizens.

Subas has also held international Expert Panel chair and member roles at the Harvard University Kennedy School of Business and Government on public policies, the Gates Foundation, and the United Kingdom FinTech Innovation Committee under the rules of the Her Majesty’s Treasury (HMT) division. 

Rohan Kataria

Head of execution for WMR traded risk stress testing

HSBC

Rohan Kataria is the Head of Execution for Traded Risk Stress Testing at HSBC since early 2019. He is responsible for Planning, Execution and Delivery of Trading Risk Stress Testing at the Group Level, includes both Market Risk and Counterparty Credit Risk. He is involved in various stress tests submissions, including PRA and EBA.

Previously Rohan worked with Credit Suisse in London for 8 years. His recent role was an ICAAP Market Risk Manager.  He was responsible for Pillar 2A assessment for Market Risk for UK legal entities. Overall, Rohan has 15+ years of experience in various roles including but not limited to stress testing, scenario analysis, front-to-back processes, trade lifecycle, regulatory capital & reporting.

Rohan holds an Executive MBA degree from London Business School and is FRM (GARP) certified. He did his graduation in Electrical Engineering from Indian Institute of Technology (IIT) , Mumbai.

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Andy Spero

President

Spero Risk Associates