GARP 2024 Financial Risk Symposium

Next Generation: AI and Risk Management

March 6, 2024 | 8:00 am - 5:30 pm | New York City

Convene, One Liberty Plaza, New York City

Overview

Numerous opportunities exist for financial institutions, industry service providers, and regulators to capitalize on the potential for Artificial Intelligence (AI) to transform financial markets and risk management.

Effectively harnessing the power of AI requires awareness and understanding of the risks associated with it, including model bias and explainability, transparency, data integrity, privacy and security, and broader societal implications.

Join your industry peers in-person at the 2024 Financial Risk Symposium. The full day agenda will provide the opportunity to discuss and share ideas on current and potential future AI use cases and the challenges, solutions, and ethical considerations associated with integrating AI applications into financial markets and risk management.

Details

March 6, 2024
8:00 AM - 5:30 PM

In-Person

Convene, One Liberty Plaza, New York City
1 Liberty St, New York, NY 10006

Register Now

Read our Event Policies for information about registration and refunds.

Contact

Questions can be directed to GARP Events at events@garp.com.

Pricing

Ticket Types Early
Register by December 8
Standard
Register by March 6
Members USD 495 USD 695
Non-Members USD 795 USD 995

Would you like to send 3 or more people? For special team registration rates please contact events@garp.com

Agenda

*Date and Time noted as

March 6, 2024

8:30 AM - 9:00 AM

Registration and Breakfast

9:00 AM - 9:15 AM

Welcome from GARP

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Speakers

Richard Apostolik, President and CEO, GARP

9:15 AM - 10:00 AM

Keynote: Transformative AI: What You Don’t See Coming

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  • How will AI fundamentally transform finance?
  • What steps can risk managers take to prepare for these changes?
  • What are the best and worst-case scenarios for AI in finance?

Speakers

Aaron Brown, Columnist, Bloomberg; Contributor, Risk Intelligence

Moderator

Dr. Christopher Donohue, Managing Director, GARP Benchmarking Initiative, Global Association of Risk Professionals

10:00 AM - 10:40 AM

Risk and AI: Industry Perspectives

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  • What new use cases are on the horizon for applying AI and Generative AI in finance and risk management?
  • How is alternative data incorporated in AI models and what are the risks?
    • What industry standards currently exist for using alternative data? 
  • What measures should firms use to evaluate economic return and operating efficiency gains from AI?
  • How will training and development of risk staff be adjusted for AI?
    • What new skills and abilities are firms looking for now?

Speakers

Jennifer Capasso, US Head of Embedded Banking and Platforms, HSBC

Sid Dastidar, Head of Portfolio Construction & Risk Management, Oaktree Capital Management, L.P.

Shelly Liposky, Managing Director and Head of Business Risk and Solutions, BMO Wealth Management

Moderator

Dr. Anand Rao, Distinguished Services Professor of Applied Data Science and AI in the Heinz College of Information Systems and Public Policy, Carnegie Mellon University

10:40 AM - 11:00 AM

Networking Break

11:00 AM - 11:45 AM

Generative AI: Evolution or Revolution?

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  • How is Generative AI transforming the financial services industry and risk management processes?
    • What are specific use cases and how is performance assessed?
  • What technical requirements and challenges do firms face in building Generative AI capability?
  • What steps are taken to manage cyber threats and data privacy, employee misconduct, and legal and intellectual property risks?

Speakers

Manish Chakrabarti, Head of Model Governance, Vanguard

Pedro Morales, Director and Global Head of AML/Sanctions Compliance, Google

Karamjit Singh, Director, Artificial Intelligence, Mastercard

Moderator

Anthony Mancuso, Director, Head of Risk Modeling and Decisioning, SAS

11:45 AM - 12:45 PM

Corporate Governance: Building Guardrails to Support Advancements in AI

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  • How are firms thinking about corporate governance of AI to address related data, model, and ethical risks?
    • What new risks are on the radar?
  • What unique challenges exist for Generative AI?
  • How is accountability for risk oversight shared across firms and internal stakeholder groups?
  • What are the challenges in building governance frameworks without prescribed industry regulation? 

Speakers

Andy Cadel, Chief Privacy Officer and Head of Technology, Data and Privacy Compliance, Morgan Stanley

Irina Moore, CFA, Managing Director, Model Risk Governance and Review, JP Morgan Chase

Rodanthy Tzani, Head of Model Risk Management, New York Life Insurance Company

Moderator

Oliver Bevan, Partner, McKinsey & Co.

12:45 PM - 1:30 PM

Lunch

1:30 PM - 2:15 PM

Track A: AI and Deep Learning Applications in Credit Risk Management

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Speakers

Monty Bedi, Executive Vice President, PNC Business Technology

Scott Chang, Former CRO, Ping An Securities

Moderator

Lisa Ponti, PhD, Vice President, Institutional Outreach, Global Association of Risk Professionals

1:30 PM - 2:15 PM

Track B: Generative AI: Risks and Opportunities in Portfolio Management and Trading

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Speakers

Sai Teja Akula, Senior Director, Data Science, LTX Trading

Ludger Hentschel, Founding Partner, Versor Investments

Moderator

Sri Krishnamurthy, Founder, QuantUniversity

2:15 PM - 2:30 PM

Transition

2:30 PM - 3:15 PM

Track A: AI and Financial Crime Detection

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Speakers

Shelly Liposky, Managing Director and Head of Business Risk and Solutions, BMO Wealth Management

Art Mueller, Vice President, Financial Crime, Banking and Financial Services, WorkFusion

2:30 PM - 3:15 PM

Track B: Emerging Trends in Third Party Risk Management

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Speakers

Madiha Fatima, Executive Director, Operational and Outsourcing Risk Management, JP Morgan

Moderator

Evan Sekeris, Non-financial risk expert

3:15 PM - 3:30 PM

Transition

3:30 PM - 4:15 PM

Model Validation: Ensuring AI Applications are Fit for Purpose

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  • Key challenges or weaknesses in applying AI models?
    • Bias, explainability, transparency, data integrity, privacy and security, societal implications
    • Can AI tools be used to document and validate financial market and risk management models?
  • What protocols or industry standards help ensure model parameters are relevant and explainable?  
    • What alternative data sources are deemed reliable and appropriate for use in AI applications?
  • How do human experience and supervision ensure models are coherent and accurate?
    • What experience or new knowledge and skills are required?

Speakers

David Palmer, Lead Supervisory Financial Analyst. Division of Banking Supervision and Regulation, Federal Reserve Board

Erin Stanton, Analytics, Global Head of Client Support, Virtu

Agus Sudjianto, EVP, Head of Corporate Model Risk, Wells Fargo

Moderator

Evan Sekeris, Non-financial risk expert

4:15 PM - 5:00 PM

Responsible AI: Ethics and Regulation

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  • Key considerations for building an ethical AI framework.
    • Influence of business model and corporate culture 
    • Board level oversight and responsibility
  • Lessons learned from diverse industry sectors and regions.
  • Current state of AI Regulation (EU Act, U.S., China, and ASEAN)  
    • Is global harmonization possible?

Speakers

Alex John London, K&L Gates Professor of Ethics and Computational Technologies, Carnegie Mellon University

Moderator

Sri Krishnamurthy, Founder, QuantUniversity

5:00 PM - 5:30 PM

Closing Presentation: How Will AI Affect the Workforce and Organizational Structure in the Financial Services Industry?

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  • Historical perspective on the impact of technological innovation in financial markets and industry.
    • Disruptions, opportunities, and lessons learned.
  • Perspective on the future
    • Impact on financial firms and markets
    • Impact on risk management and oversight
    • Impact on workforce and skills development

Speakers

William May, Managing Director, Global Head of Certifications and Educational Programs

Bruce W. Weber, Willem Kooyker Dean and Professor, Zicklin School of Business, Baruch College

5:30 PM - 6:30 PM

Reception

Speakers/Moderators

Sai Teja Akula

Sai Teja Akula
Senior Director, Data Science, LTX Trading

Richard Apostolik

Richard Apostolik
President and CEO, GARP

Monty Bedi

Monty Bedi
Executive Vice President, PNC Business Technology

Oliver Bevan

Oliver Bevan
Partner, McKinsey & Co.

Aaron Brown

Aaron Brown
Columnist, Bloomberg; Contributor, Risk Intelligence

Andy Cadel

Andy Cadel
Chief Privacy Officer and Head of Technology, Data and Privacy Compliance, Morgan Stanley

Jennifer Capasso

Jennifer Capasso
US Head of Embedded Banking and Platforms, HSBC

Manish Chakrabarti

Manish Chakrabarti
Head of Model Governance, Vanguard

Scott Chang

Scott Chang
Former CRO, Ping An Securities

Sid Dastidar

Sid Dastidar
Head of Portfolio Construction & Risk Management, Oaktree Capital Management, L.P.

Dr. Christopher Donohue

Dr. Christopher Donohue
Managing Director, GARP Benchmarking Initiative, Global Association of Risk Professionals

Madiha Fatima

Madiha Fatima
Executive Director, Operational and Outsourcing Risk Management, JP Morgan

Ludger Hentschel

Ludger Hentschel
Founding Partner, Versor Investments

Sri Krishnamurthy

Sri Krishnamurthy
Founder, QuantUniversity

Shelly Liposky

Shelly Liposky
Managing Director and Head of Business Risk and Solutions, BMO Wealth Management

Alex John London

Alex John London
K&L Gates Professor of Ethics and Computational Technologies, Carnegie Mellon University

Anthony Mancuso

Anthony Mancuso
Director, Head of Risk Modeling and Decisioning, SAS

William May

William May
Managing Director, Global Head of Certifications and Educational Programs

Irina Moore, CFA

Irina Moore, CFA
Managing Director, Model Risk Governance and Review, JP Morgan Chase

Pedro Morales

Pedro Morales
Director and Global Head of AML/Sanctions Compliance, Google

Art Mueller

Art Mueller
Vice President, Financial Crime, Banking and Financial Services, WorkFusion

David Palmer

David Palmer
Lead Supervisory Financial Analyst. Division of Banking Supervision and Regulation, Federal Reserve Board

Lisa Ponti, PhD

Lisa Ponti, PhD
Vice President, Institutional Outreach, Global Association of Risk Professionals

Dr. Anand Rao

Dr. Anand Rao
Distinguished Services Professor of Applied Data Science and AI in the Heinz College of Information Systems and Public Policy, Carnegie Mellon University

Evan Sekeris

Evan Sekeris
Non-financial risk expert

Karamjit Singh

Karamjit Singh
Director, Artificial Intelligence, Mastercard

Erin Stanton

Erin Stanton
Analytics, Global Head of Client Support, Virtu

Agus Sudjianto

Agus Sudjianto
EVP, Head of Corporate Model Risk, Wells Fargo

Rodanthy Tzani

Rodanthy Tzani
Head of Model Risk Management, New York Life Insurance Company

Bruce W. Weber

Bruce W. Weber
Willem Kooyker Dean and Professor, Zicklin School of Business, Baruch College

Event Sponsors

Knowledge Partner

Gold

Cocktail Reception

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