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Chapter Meeting

Managing Geopolitical Risk in a Financial Institution

October 29, 2024 5:00 PM | Poland Chapter | In-Person

Details

October 29, 2024
5:00 PM - 8:30 PM |

In-Person

Generation Park, Prosta 36 (Citi Office), Warsaw, 00-838

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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.

Hosted by Citi Solutions Center Poland

“Geopolitical risks dominate the headlines….When and how these risks and structural changes will materialise – and how they affect our economies – is highly uncertain.” Claudia Buch, Chair of the Supervisory Board of the ECB, at the Morgan Stanley annual conference, London, 12 March 2024.

Threats such as geopolitical risk are not new for economies. Geopolitical risk repercussions in terms of severity, predictability and mitigation can be managed, however to some extent only. This risk has indirect implication on wide spectrum of other primary types of risks banks are exposed to, such as credit, market, liquidity, or operational risk. Given that banks and corporates have no direct control over geopolitical shocks, compensating for geopolitical risk is exceptionally daunting.

What are the proactive measures that banks can and should adopt to mitigate potential shocks?

Join the GARP Poland Chapter to examine some of the following issues:  

  • How does geopolitical risk fit into a broader Enterprise Risk Management framework?
  • How are different scenario planning or stress testing activities considering geopolitical risk?
  • How are financial and non – financial impacts being considered?
  • How can crisis playbooks translate into strategic planning and decision making?

Agenda:

5:00 5:30pm: Registration

5:30 5:35pm: Welcome remarks

5:35 – 7:00pm: Presentation/Panel discussion with audience Q&A

7:00 8:30pm: Networking reception

Registration Closed Join this Chapter

Speakers

Bogdan Zawadewicz

Bogdan Zawadewicz

Head of the Geopolitical Risk Analysis Unit at the Polish Development Bank (BGK)
Bogdan Zawadewicz

Bogdan Zawadewicz

Head of the Geopolitical Risk Analysis Unit at the Polish Development Bank (BGK)

Bogdan Zawadewicz is the Head of the Geopolitical Risk Analysis Unit at the Polish Development Bank BGK. He graduated from the Institute of Political Sciences of the University of Warsaw. Before joining the Bank, he worked at the Center for Eastern Studies (OSW) and at the Leibniz Institute for East and Southeast European Studies (IOS) in Regensburg, where he was a member of the research group "Frozen and Unfrozen Conflicts”. In addition, he participated in scientific and research internships at such institutions as the London School of Economics IDEAS, the Higher School of Economics (HSE) in Moscow, the Center for Southeast European Studies in Graz, the Central European University (CEU) in Budapest, the University of Michigan in Ann Arbor, Universities in Niš, Novi Sad, and Bucharest. He was also a scholarship holder of the German DAAD and BAYHOST. 

Piotr Bańbuła

Piotr Bańbuła

Head of the Systemic Risk and Macroprudential Policy Division, Narodowy Bank Polski & Associate Professor, Warsaw School of Economics
Piotr Bańbuła

Piotr Bańbuła

Head of the Systemic Risk and Macroprudential Policy Division, Narodowy Bank Polski & Associate Professor, Warsaw School of Economics

Piotr Bańbuła is the Head of the Systemic Risk and Macroprudential Policy Division at Narodowy Bank Polski (NBP) and an Associate Professor at the Warsaw School of Economics, where he teaches Finance, Macroeconomics, and Portfolio Management. He has worked in central banking for several years, both at NBP and the European Central Bank, focusing on financial markets, reserve management, exchange rates, and financial stability. His research interests include the measurement of risk, systemic risk, household finance, and wealth.

Marcin Pietrzak, Ph.D

Marcin Pietrzak, Ph.D

Senior Vice President at Citi, Stress Testing Scenarios Risk Modelling
Marcin Pietrzak, Ph.D

Marcin Pietrzak, Ph.D

Senior Vice President at Citi, Stress Testing Scenarios Risk Modelling

Marcin Pietrzak is an Economist, Risk Management, at Citi where he designs macroeconomic scenarios for stress testing exercises. Prior to joining Citi, Marcin, gained experience at the National Bank of Poland and the International Monetary Fund. He holds a Ph.D. in Economics from Brown University.

Piotr Bujak

Piotr Bujak

Chief Economist and Head of Economic Research, PKO Bank Polski
Piotr Bujak

Piotr Bujak

Chief Economist and Head of Economic Research, PKO Bank Polski

Piotr Bujak has been dealing with macroeconomic research and forecasting for 25 years. Since 2016 as head of Economic Research Department and Chief Economist at PKO Bank Polski. Vast experience at international financial institutions: chief economist for Poland at Nordea Markets, head of research team at Raiffeisen Bank Poland and senior economist at Santander Bank Poland. Expert at one of leading economic think-tanks in Poland, the Center for Social and Economic Research (CASE), with participation in scientific and advisory projects abroad. Warsaw University graduate. Participated in many trainings covering econometric modelling, forecasting and mathematical methods in financial markets (e.g. Swiss Finance Institute and Cambridge Econometrics). Co-author of a few economic books and numerous articles on economy and financial markets. Regularly awarded for accuracy of economic forecasts (Consensus Economics, Focus Economics, Forbes, Parkiet, Rzeczpospolita), including three titles of the Economist of the Year from a major Polish economic and financial newspaper Parkiet for the most accurate macroeconomic and financial market forecasts for Poland during the last four years. 

Moderators

Mateusz Mogilski, FRM

Mateusz Mogilski, FRM

Senior Vice President Citibank Europe
Piotr Buzala, Ph.D

Piotr Buzala, Ph.D

Director - Model Risk Management, Citi
Piotr Buzala, Ph.D

Piotr Buzala, Ph.D

Director - Model Risk Management, Citi

Piotr Buzala is a Model Validation Lead, Model Risk Management, at Citi where he validates different qualitative stress testing models. Previously Piotr worked as a manager in Product Control overseeing both banking and trading book. Piotr holds a Ph.D. in Finance from Warsaw School of Economics. 

Chapter Directors

Mateusz Mogilski
FRM Senior Vice President Citibank Europe

Pawel Splawski
FRM Partner Risk Advisory Financial Services at Deloitte Poland

Committee Members

Zanna Szachniuk
PhD FRM EMBA Regional Head Enterprise Risk Management HSBC

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