Risk & Compliance Leaders Summit 2020
November 6 - 7, 2020
Hilton Vienna Danube Waterfront
+44 (0) 207 368 9576
Agenda Day 2
7:40 am - 8:20 am Networking Breakfast
8:20 am - 8:25 am Conference Director, Opening Remarks: Lauren Harrison
8:25 am - 8:30 am Chairperson’s Opening Remarks: Nicola Crawford, Former Chair, Institute of Risk Management and Managing Director, i-Risk Europe
8:30 am - 8:50 am Inspirational Keynote: Aligning with business goals: How we bridged the gap between risk and compliance to make it a strategic capability that gives our business a competitive edge
- Pinpointing the evolving role of risk and compliance leaders and how you can keep up with the pace of change
- Addressing centralisation vs decentralisation and the effect this has on the business
- How can risk and compliance work together to improve risk culture?
- Lessons learnt: How to work best with your board in harmony to turn risk and compliance into your competitive advantage?
- Into the future: What does next level risk and compliance look like?
8:50 am - 9:30 am Panel Revolution: Doing more with less: Where can you make smart investments in technology to automate repetitive manual tasks and enable your team to focus on value add initiatives?
- What are the challenges and opportunities in leveraging tech solutions to reduce costs and errors in your divisions
- Process reengineering: How to rationalise, standardise and consolidate your processes to save budget in the long run
- Beyond digitalisaton: When should you leverage advances in AI, cognitive technologies and data analytics to automate your data filtering and decision making processes?
9:30 am - 9:50 am Fireside Debate: The build vs buy conundrum: Which risk and compliance solutions are better kept in-house vs outsourced?
- What are the pros and cons of outsourcing risk and compliance activities such as testing, reporting, anti-money laundering and monitoring regulatory change?
- Is it possible to resource share internally to save budget rather than to outsource and what are the conditions that facilitate this?
- What conditions facilitate outsourcing activities and how can you address this to keep more compliance solutions in-house?
- What is the ideal outsourced vs insourced set up and how can you turn this into a reality?
9:50 am - 10:10 am Case Study: Spotlight on cyber: How to establish policies and procedures that safeguard your business from increasing attacks
- What is the state of cyber security in the industry and what are the updates on recent attacks and threats?
- How should firms cost-effectively implement controls/safeguards against cyber crime – is regulatory compliance enough?
- Staying vigilant: What irregularities should raise red flags and how do you know when to respond?
- Is cyber security a compliance or IT responsibility and how can the two functions work better together?
10:10 am - 10:30 am Case Study: 6 months on from the GDPR deadline: What has been the biggest impact and how can you overcome the challenge of balancing conflicting regulations?
-What aspects of GDPR impacted risk and compliance and how has this been addressed?
-How have regulators evaluated compliance and what supervision and enforcement have we seen so far?
-What are the intended and unintended consequences on business growth?
10:30 am - 11:00 am Exclusive Guest Speaker Enhancing Performance: 5 practical strategies to improve focus, resiliency and energy in your risk and compliance division
-Understanding the two keys to high performance and how you can leverage these
-Deep diving into the neurophysiology of peak performance
-Mental capacity: Developing situational awareness, and how to improve focus in a world full of distractions
-Emotional capacity: Building resilience to manage stress, pressure, challenge and change
-Physical capacity:Embodied cognition, decision fatigue, and energy management strategies for performing well
Steve specialises in working with trading, investing and banking clients helping them to enhance their performance by providing training, coaching and consultancy that is focused around the three key areas of psychology, physiology and performance. Prior to his work in the financial world he worked as a performance coach to elite athletes and teams in over 30 sports, and he has also coached professional poker players. He provides a highly practical approach to performance enhancement drawing upon a unique combination of performance psychology, decision science, neuroscience, biology, stress physiology, mindfulness-based strategies and elite performance principles.
11:00 am - 11:20 am Case Study: Building a comprehensive approach for managing conduct risk: How to leverage a “tone from the top” approach to promote self-aware compliant behaviour
-How can the industry work together to build trust and support future sustainable growth?
-What are the challenges of establishing a formal conduct and culture programme within your firm and where does the responsibility lie for pushing this transformation through?
-How to leverage a “tone from the top” approach in driving through this change
-How has the implementation of MIFID II effected conduct and culture strategies and how can you ensure you are stating on top of your compliance??
11:20 am - 11:50 am Morning Networking Break
Gaining The Information Edge In Risk
11:50 am - 12:40 pm Panel Revolution: Gaining a single view of your risk data: How can you overcome challenges around data quality and aggregation to support an enterprise-wide risk management approach?-The financial trinity: Assessing the relationship between regulation, risk and data management and why control is critical for your risk management process
-What are the advantages of leveraging an enterprise-wide approach single source of data and what are the challenges with implementing this into existing structures?
-How to ensure you have an advanced data strategy to enable your front office to concentrate more time providing value-added analysis rather than looking for and correcting data errors or omissions
- What are the challenges of smoothly implementing a one-stop-shop system that is truly multi-asset class?
- How to leverage your enterprise wide data strategy to gain the on-demand frequency of risk reporting to offer your clients, internal stakeholders and regulators the transparency they require
Nicola Crawford
Former Chair, Institute of Risk Management and Managing Directori-Risk Europe
Gaining The Information Edge In Risk
12:40 pm - 1:20 pm Case Study: Accessing the right data: What are the best sources to better measure and influence your front office performance vs. risk appetite- How to analyse the digital transformation and leverage the big data movement to make better informed decisions
- People first: What are the skill sets required to interoperate and manipulate large sets of data to make this transformation effective?
- What technology innovations are available to help you synthesise the large amounts of data available?
- Real case examples of where a big data strategy has been implementing and AI has been used successful to help identify risk up-front and monitor the development of risks on a “what if” basis
- Implementing a big data strategy with the use of AI- How has this been successfully incorporated to identify risk and monitor the development of risk on a ‘what if’ basis?
Exploiting New Frontiers in Compliance
11:50 am - 12:10 pm Case Study: The latest status of the recent regulatory reforms: Gain first hand clarity on MiFID ii, IDD and PRIPs – what do these new requirements mean for your compliance activities?- Are new regulations providing more protection and transparency as intended?
- What are the data challenges that come with recent regulations and how can you overcome this?
- How to ensure you are compliant with numerous and sometimes conflicting regulations
Exploiting New Frontiers in Compliance
12:10 pm - 12:50 pm Interactive Interview: How can compliance and technology divisions work better together to leverage the latest cutting edge solutions to streamline operations whilst meeting regulatory demands-How can new technologies help compliance to remain agile in the rapidly changing regulatory landscape?
-Data in check: How are new compliance technologies able to utilise data to aid decision making and ease the burden on compliance?
-Understanding real case examples of how technology can be helped to automate manual tasks and help with key compliance issues including screening customers and third partners to fight financial crime
Carsten Giersch
Senior Partner & EditorBerlin Risk, Global Risk Affairs
Exploiting New Frontiers in Compliance
12:50 pm - 1:20 pm Interview: Reducing the regulatory burden: How can technology revolutionize compliance processes and make complying with multiple regulations more efficient?-How are firms coping with the growing burden to act above board at all time when it comes to preventing misconduct?
-What trade surveillance technology should you have in place now to best capture and store all communications
-How does new voice recording technology help you automate mundane task to help you focus your resources on where they are truly needed?
-What are the best ways of recording trader rationale and what are the benefits and limitations of voice recordings?
Boardroom Track
11:50 am - 12:50 pm Creative Leadership Boardroom: Executing an integrated GRC strategy in practice: How to coordinate all the different objectives and put in place a plan that ensures you get it right the first time round?- Pinpoint the key challenges and opportunities with implementing an enterprise wide GRC approach
-How to create a culture that is open and accepting to your GRC strategy?
- How to use GRC to reduce duplication in effort as a result of clearly defined competences and responsibilities
- What are the challenges with integrating substantial systems to achieve improved management and monitoring?
1:20 pm - 2:30 pm Exclusive Invite Only Chief Risk & Compliance Officer Buy side Only Lunch: How can the buy side better collaborate to drive mutually beneficial initiatives forward?
1:20 pm - 2:30 pm Networking Lunch
2:30 pm - 2:50 pm Interview: The evolving role of Risk and Compliance leaders: What are the new skill sets required from them to succeed in today's competitive landscape?
- Outlining what new skill sets are required post financial crisis fro risk and compliance leaders
- How are you managing this change with adapting to the current environment?
- How to drive agility through your risk and compliance teams and make this your competitive advantage?
2:50 pm - 3:20 pm Dragons’ Den: Examining the latest and greatest innovations in risk and compliance technology: Which offer true added value and should be considered for your future investment plans?
This innovative session gives you the chance to hear from pre-selected cutting-edge technology starts ups. Join our esteemed panel of dragons’ as the start-up firms present their offerings in a bid to win first place. Listen up as the dragons’ review the technology benefits to your business and predict their success. Ultimately the winning decision is in your hands though as the audience vote their favourite.
