Strengthening Risk Management Processes, Governance & Culture in a New Regulatory Environment

Oct 20th 11am EST/ 4pm BST; Sponsored by SunGard

In a webinar, risk professionals discuss how they are strengthening risk governance strategies and risk management practices to meet new regulatory requirements and the demands of ongoing market volatility. The panel will also explore how banks are increasing integrating risk management operations across the firm to gain greater controls of credit, market and liquidity risk and to support the new profit-making activities such as collateral trading.

Risk remains on the forefront of agendas for financial institutions as ongoing market volatility and regulatory reform in the US and Europe calls for investment in risk management processes capable of meeting the short-term risk mitigation needs and long-term compliance requirements. To do so requires the establishment of more robust risk governance programs and an integrated risk strategy capable of managing risks in various departments and across the entire organization.

The new enterprise-wide risk management strategies, which is more commonly supported at the executive level of financial institutions, is rapidly becoming the way forward for firm eager to establish a solid risk management foundation capable of resolving revealed inefficiencies in specific risk areas (credit and market risk,) as well as providing the platform to adopt more sophisticated risk mitigation tools, such as advanced stress testing. A firm-wide view of risk and interrelation of various risk types across a firm and use of a solid governance program also supports a firm’s development of risk-based profit-making activities such as collateral trading via credit valuation adjustment (CVA) practices.

In an interactive webinar, a panel of experts including risk professionals and CROs will explain how both the risk culture, governance programs and practices are changing to meet the new demands of 2011 including new regulation, ongoing market volatility and the need for a integrated risk strategy. The audience will also learn about new practices to support specific risk types including credit and market risk and related activities such as collateral trading.

Mr. Ed Hida will share the findings from the recent Deloitte & Touche Global Risk Survey and other related reports in a brief presentation followed by an open discussion amongst risk and operational professionals from some of the leading financial institutions. 

The speakers will review the following topic:

• · Shift in Risk Governance Programs & Risk Culture - changes in senior buy-in and how to get it!

• · The New CRO - how has the role of the CRO changed? Do most CROs must monitor risk rather than manage it?

• · An Integrated and Firm-wide Risk Strategy - what does enterprise-wide risk strategy mean? What does an operational model of an enterprise-wide risk management strategy look like and what are the challenges, benefits of breaking down the silos.

• New drivers - What are the drivers behind new risk governance programs? What are the regulatory drivers? What about the profit drivers (i.e. CVA and collateral trading)?

• Credit Risk - what are the new ways banks are improving the management of credit risk?

• Market Risk - what are the new ways banks are improving the management of market risk?

• · Sophisticated Risk tools - how are firms adopting more advanced risk mitigation tools such as stress testing? What are the trends in this space?

After the discussion, the audience will have the opportunity to ask the panel questions in an interactive Q&A session.

• Marcus Cree, Vice President - Market and Credit Risk Solutions at SunGard
• Ed Hida, partner and global leader of our Risk & Capital Management service line and a partner with Deloitte & Touche LLP 
• Sanjay Sharma, Chief Risk Officer, Global Arbitrage & Trading, RBC Capital Markets
• Ken Yoo, Chief Risk Officer, Federal Home Loan Bank of Atlanta

Moderated by Julia Schieffer, Founder & Editor in Chief, DerivSource

To register for this free webinar: https://uk-eval.webex.com/uk-eval/onstage/g.php?d=702859439&t=a