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Event

AI and Risk Management: Tools for Fraud Detection in Financial Institutions

November 7, 2024 | 6:30 PM - 9:45 PM | THE Park Bangalore, 14/7, The Park, MG Road, Bhaskaran Rd, Sivanchetti Gardens, Bengaluru, Karnataka 560042, India | In-Person

Details

November 7, 2024
6:30 PM - 9:45 PM

In-Person

THE Park Bangalore
14/7, The Park, MG Road, Bhaskaran Rd, Sivanchetti Gardens, Bengaluru, Karnataka 560042, India

Contact

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

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Overview

Registrations are closed due to capacity. Please update your registration if you can no longer attend. If you are a GARP Individual Member, recent FRM-certified professional, SCR or RAI Certificate Holder, please email chapters@garp.com to be added to the wait list.

In today’s digital landscape, the application of AI tools in risk management has become increasingly vital. Audit teams across BFSI are increasingly leveraging AI for early detection of fraud through data analysis and pattern recognition, real time monitoring, natural language processing, risk scoring, automation in decision making, integration with legacy systems and continuous learning and improvement. For enhanced regulatory compliances, AI can assist in generating compliance reports, maintaining audit trails etc.

The amalgamation of AI in fraud detection not only enhances the ability of banks to identify and mitigate risks but also improves operational efficiency and customer satisfaction. As fraud tactics evolve, continuous innovation and adaptation of AI technologies will be crucial for effective risk management in the banking sector. 

Join us for a discussion to gain valuable insights on:

  • When and how AI can be used for early fraud detection and mitigation
  • Addressing emerging issues such as data privacy, model interpretability, algorithmic bias and false positives etc.
  • Key considerations being robust governance frameworks, human oversight and ethical considerations along with a balanced approach.

After the presentation, join us for networking and drinks with your peers and learn about our plans to launch a new GARP risk community in South India.

Priority will be given to GARP Individual Members, FRM-Certified professionals, SCR and RAI Holders and Candidates. Guests from the wider finance community may attend, subject to availability where seats remain. All attendees MUST register in advance for the event; only registered guests will be allowed in the building.

Agenda:

6:30 - 7:00 pm IST: Registration

7:00 - 7:15 pm IST: Welcome Remarks and Introduction

7:15 - 8:15 pm IST: Panel Discussion

8:15 - 8:35 pm IST: Audience Q&A

8:35 - 8:45 pm IST: FRM and SCR Recognition Ceremony

8:45 - 9:45 pm IST: Networking with Dinner

Registration Closed

Speakers

Suveer Khanna

Suveer Khanna

Partner, HoD- Forensics Services, KPMG
Suveer Khanna

Suveer Khanna

Partner, HoD- Forensics Services, KPMG

Suveer is a partner with KPMG, India, and heads the Forensic Investigations team with focus on financial crime compliance, while also leading the Risk Advisory Financial Services team at KPMG in India. 

With over two decades of professional experience, some of his notable achievements include setting up a core team of AML professionals for a world’s leading investment bank, leading sanctions review work stream for a UK bank, and working with the FSA to investigate a global insurance provider to determine manipulation in internal audit reports submitted by the company to FSA, amongst others.

He is a regular speaker at industry conferences on topics related to financial crime compliance and has also published various articles and thought leadership pieces in leading journals. He is the author of India chapter for LexisNexis’s global guide ‘Money laundering, asset forfeiture and recovery and compliance’. 

Suveer is a Chartered Accountant (CA) from ICAI, a Certified Fraud Examiner (CFE) and an accredited Counter Fraud Specialist.

Anna Michael

Anna Michael

Data Science Director, Wells Fargo
Anna Michael

Anna Michael

Data Science Director, Wells Fargo

Anna Michael is a Data Science Director at Wells Fargo where she leads a team of data scientists providing solutions to business problems using advanced analytics, machine learning and AI.

Anna has 25+ years of experience including roles in Institutional Banking, Consumer Banking and Investment banking. Prior to Wells Fargo, Anna was Head of Analytics for the Treasury and Trade Solutions business at Citi. Her previous leadership roles cover Credit, Strategy and Transaction banking in Japan and India. She transitioned from technology to banking while working at Morgan Stanley in Japan.

Anna is an MBA from INSEAD, France; a Chartered Financial Analyst from the CFA Institute, USA and holds a Masters in Computer Engineering from Riga Aviation University, Latvia.

Her current interests include yoga, meditation and quantum computing.

Prasoon Mukherjee

Prasoon Mukherjee

Head-Securities Services Division in India, Société Generale, GSC
Prasoon Mukherjee

Prasoon Mukherjee

Head-Securities Services Division in India, Société Generale, GSC

Prasoon comes with over 24 years of experience in IT consulting and capital market operations, having worked as a domain specialist in multiple streams of banking and financial services functions that includes fraud detection, AI use cases for capital markets, portfolio accounting, securities services, fund analytics, securities lending & borrowing, custody operations, corporate actions processing and other areas of capital markets.

 

Before joining Société Generale, Prasoon worked in the IT consulting space, playing leadership roles in delivery, consultative business development & client relationship management along with P&L responsibilities at Sapient, Oracle and Temenos.

Prasoon is a frequent contributor to finance journals and shares his acquired wisdom as a speaker at conferences on subjects related to disruptions in the field of finance, technology, economics and social constructs. He is also an acting visiting faculty at local business schools, bringing his passion for subjects related to economics, finance and accounting to the classroom.

Moderators

Richa Shrivastava

Richa Shrivastava

Head of Internal Audit Function, NAB India Global Innovation Centre
Richa Shrivastava

Richa Shrivastava

Head of Internal Audit Function, NAB India Global Innovation Centre

Richa currently serves as the Head of Internal Audit Function at NAB India Global Innovation Centre. With a career spanning over two decades, she has worked with various organizations, making significant contributions to the end-to-end management of audit operations across regions including Europe, Australia, USA, South East Asia, and the Middle East.

Prior to joining NAB, she was the Head of Investment Banking Audit at Société Generale Global Solutions Centre. Richa is renowned for her passion for utilizing technology to uphold the highest standards of audit assurance for the Board and Audit Committee. She maintains a dedicated focus on financial risk management and compliance, aiming to implement tech-integrated and model-enabled robust internal audits to protect the bank's integrity.

She recognizes the importance of upskilling in today's dynamic workplace and is committed to sharing her rich knowledge at auditing and risk management forums. She leads multiple initiatives focusing on women in leadership and diversity, equity, and inclusion.

Richa is a qualified Chartered Accountant, a certified FRM and SCR. She is also an Embargoes Foundation specialist. 

Agenda/Schedule

*Date and Time noted as

    November 7, 2024

  • Speakers

    Suveer Khanna, Partner, HoD- Forensics Services, KPMG

    Anna Michael, Data Science Director, Wells Fargo

    Prasoon Mukherjee, Head-Securities Services Division in India, Société Generale, GSC

    Moderator

    Richa Shrivastava, Head of Internal Audit Function, NAB India Global Innovation Centre

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