Course Agenda

Agenda

Course Agenda

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Live virtual course | Below agenda timing is in GMT.

Respective time in EST:

Start: 2pm GMT / 9am EST
Break: 3pm GMT / 10am EST
End: 4.15pm GMT / 11.15am EST

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14:0015:00

Overview of third-party risk management

14:00 - 15:00

  • Understanding the TPRM life cycle
  • Recent regulatory updates for TPRM
  • How TPRM been impacted by the pandemic
  • Challenges and opportunities

15:0015:15

Break

15:00 - 15:15

15:1516:15

Building a third-party risk management framework

15:00 - 16:00

  • Key components of a robust framework
  • Developing risk-based segmentation strategies
  • Assigning clear governance and escalation processes across the 3 LoD
  • Ensuring compliance
  • Fourth party risk management considerations
Mathieu Luccioni

Head of Third Party Risk Management

Société Générale

14:0015:00

Identifying and assessing risks of third parties

14:00 - 15:00

  • Identifying the risks of third parties and creating an inventory
  • Defining the different tiers of risk
  • Developing effective risk ranking systems
  • Conducting risk assessments of third parties
  • Applying maturity assessments of TPRM
Abha Banerjee

Operational Risk Manager

AIB

Abha is a risk manager with a wide experience within the banking, investment management and insurance industries. She is a qualified Management Accountant and holds a Master’s in Finance and Accountancy. She is also certified as an Operational Risk Manager under PRMIA (USA). Abha has had the opportunity to work with some of the largest and renowned organisations such as Citi, Generali, ING, Grant Thornton, National Bank of Kuwait, HDFC Bank and Allied Irish Bank. She has extensive knowledge and hands-on experience of over 18 years within the first and second lines of defence, in operations, business MI, IT systems and service delivery, process design & reengineering, governance controls, and has a strong acumen for risks & controls, with special focus on operational risks.

She is actively involved in Third Party Risk Management in a leading bank in Ireland since 2019.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Oversight and due diligence for managing third parties

15:15 - 16:15

  • Continuous monitoring and control assessments
  • Ensuring consistency in reporting
  • Identifying different forms of concentration risk
  • Utilizing models and TPRM tools for more efficient due diligence processes
  • Contract management

14:0015:00

Integrating resiliency and business continuity in third-party risk management

14:00 - 15:00

  • Defining critical parties
  • Mapping business processes, risks, and controls
  • Assessing current infrastructures
  • Preliminary testing
  • Tabletop exercise vs joint test

15:0015:15

Break

15:00 - 15:15

15:1516:15

Operational risk within third-party risk management

15:15 - 16:15

  • Selecting the appropriate operating model
  • Integrating TPRM into existing risk practices
  • Operational risk best practices for third parties
  • The importance of a holistic approach
  • TPRM: moving beyond operational risk management
Gus Ortega

Head of Operational Risk

VOYA FINANCIAL

Gus Ortega is an accomplished risk management executive with over 20 years of work experience for multi-national global financial institutions. He is currently the Vice President, Head of Technology, Innovation and Operations risk management at Voya Financial. Prior to joining Voya Financial, Gus was the Head of Operational Risk Management at AIG directly responsible for the global Operational Risk program including Business Continuity and Third-Party Risk Governance and Oversight.

Gus also held various senior risk positions at UBS Investment Bank, Dresdner Bank and Morgan Stanley throughout his 20 years of work experience in the industry. He is an active advocate for Operational Risk Management and most recently was the keynote speaker at the World Bank Operational Risk Workshop in Washington D.C., Gus is also the co-author of The Fundamentals of Operational Risk for Insurers, a Risk.net book published in 2017.

14:0015:00

Managing data and third-party risk management

14:00 - 15:00

  • Appropriate storage of data
  • Documenting data ownership before, during and after
  • Streamlining data to identify high risk areas
  • Regulatory considerations
  • Effects of working from home
    • Cyber risk
    • Technology risk

15:0015:15

Break

15:00 - 15:15

15:1516:15

Exit strategy for leaving a third-party

15:15 - 16:15

  • Identifying accountabilities for the third party
  • Ensuring fulfilment of contract obligations
  • Establishing well defined transition procedures
  • Exploring product or process substitutability
  • How to transition to another party or service