New York, New York

Diversity and Inclusion: the Benefits of a Diverse Risk Team


Until recently diversity and inclusion (D&I) — when it was even discussed — was mostly about ethics or fairness. But now financial firms are discovering D&I can be a driving force for growth, revenue, and profits.

In the past two decades, risk management has evolved from a discipline to a critical, multi-dimensional function across the financial services industry. How can financial risk managers — particularly diverse ones — provide value to their organizations in an environment replete with extreme events and great uncertainty?

Please join us for the first GARP New York Chapter meeting of 2023 in honor of International Women’s Day. Our panel of diverse CROs will share their risk career journeys and discuss a variety of issues drawing from their own experiences, including:

  • How to build and retain a diverse risk team
  • How D&I can contribute to financial performance
  • How the role of risk manager has changed over time
  • The key skills needed for a successful career in modern risk management
  • Career advice for risk managers to grow and create value


5:15 - 5:45 pm: Registration

5:45 - 5:50pm: Welcome and introductions

5:50 - 6:45pm: Panel discussion and Q&A

6:45 - 7:45pm: Networking reception

Meeting Location


601 Lexington Ave

New York, NY 10022

Attendees qualify for 1 GARP CPD credit.

Chapter Speakers

Allen Xiao, CFA, CPA, FCSI

Deputy Chief Risk Officer, Amundi US

Allen Xiao is the Deputy Chief Risk Officer for Amundi US. Previously he was the CRO for Aviva Investors Americas. Allen is a member of the CFA Institute ESG Examination Subcommittee developing examination procedures supporting CFAI ESG Disclosure Standards. Additionally, he is on the panel of CFA UK Certificate of Climate Investing and is the Vice Chair of CFA Society of New York Performance and Risk Analytics Group.

Allen has extensive risk management experience with public and private assets including derivatives, real estate, and private equity. He received a Bachelor’s degree in Management from Northwestern Polytechnic University, completed his MBA at Willamette University, and is currently pursuing his EMBA at University of Oxford as a Director’s Scholar.

Debbie Ng

Chief Risk Officer, Citi Global Markets

Sarah Williams

Chief Risk Officer, Guardian Life

Sarah Williams is Chief Risk Officer at The Guardian Life Insurance Company of America. She oversees all aspects of the company’s enterprise risk function, including investment risk, derivatives use and governance, and operational risk. She also oversees Guardian’s enterprise risk appetite and serves as the chair of the Corporate Risk Management Committee.

Sarah has worked in the insurance industry since 2000. She joined Guardian last year from Global Atlantic Financial Group where she was Deputy Chief Risk Officer. Prior to that, she was Vice President of Global Capital Risk at MassMutual, leading the company’s assessment of international capital standards. Sarah also spent ten years at The Hartford in a variety of finance, actuarial, and risk roles, most recently as Vice President of Risk Analytics and Governance. She began her professional career as an auditor at Liberty Mutual Insurance Company.

Sarah is a summa cum laude graduate with a B.A. in Accounting from American International College and earned an M.S. in Accounting from Western New England College. She became a Chartered Property Casualty Underwriter in 2004 and a Certified Public Accountant in 2007. Sarah is active in industry forums, including an appointment for a three-year term on the Insurance Policy Advisory Committee (IPAC) of the Federal Reserve Board, effective 2021.

Lida Rosa

VP Institutional Outreach & Business Development, GARP

Lida Rosa is Vice President of Institutional Outreach and Business Development at GARP. She focuses on reinforcing and expanding local awareness of GARP and its educational programs within strategically significant regions throughout North America and Latin America.

Before joining GARP Lida was Client Relationship Manager at Fitch Learning where she focused on increasing the company’s global footprint in South and Central America by providing tailored learning and development solutions to the financial services industry within those regions. Prior to that she was Client Solutions Manager at the New York Institute of Finance, providing custom training solutions for financial institutions within North America and South America.

Previously Lida was a sales executive at Thomson Reuters where she helped to increase the market share of the firm’s market commentary and analysis service within the Americas. Lida holds a Bachelor of Arts in Spanish from New York University.

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March 8, 2023 5:15 PM - 7:45 PM

Chapter Directors

Shobhit Thapar
Executive Director Morgan Stanley
Teresa Tian
Lead Risk Analyst BrightHouse Financial

Committee Members

Ken Abbott

Former Barclays US CRO

Masao Matsuda

President & CEO Crossgates Investment and Risk Management

May Tang

Head of Risk and Analysis Federal Reserve Bank of New York

Didier Blanchard

Head of Enterprise Risk Management – Americas Societe Generale

Murad Nayal

Head of Risk Architecture and Informatics Millennium

Rodney Sunada-Wong

Chief Risk Officer Celsius

Kerem Yaman

Managing Director Global Markets Risk COO Morgan Stanley

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