The Opportunities and Threats of AI Applications

Ana Garcia is director in the Risk Quantification Division at OSFI. The mandate of her team is to assess the evolution of model risk, including that from AI/ML adoption, in the Canadian Financial Industry as well as to leverage advanced analytics techniques to build models for risk assessment and quantification. Over the last 4 years, Ana and her team have been leading the work to explore how institutions are adopting these advanced techniques and understand the challenges and risks that come from their use to assess the risk landscape and support OSFI to provide guidance and supervision in this space. 

Ana has more than 20 years experience in Risk Management at Financial institutions, holding roles in Front Office, Counterparty Credit Risk, Market Risk and Model Risk. She has always been passionate about modelling in the financial space and in recent years has focused on promoting the responsible use of AI. 

Aneta is a trusted and respected Data and AI leader, enthusiastic about driving responsible innovation and optimizing operations for measurable results. She is driven by a passion for ensuring the responsible and ethical use of artificial intelligence and data-driven technologies. She has proven track record of successfully leading cross-functional teams and implementing robust data and AI practices to accelerate innovation and striking the perfect balance between fostering innovation and protecting organizations from potential harm and unethical practices.

Chris Brophy is a Principal Industry Consultant at SAS Institute. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence.

Chris has 20 years of experience in the financial services industry with a focus on quantitative risk management. Chris has led both model risk management and model development organizations with direct experience in Stress Testing, Risk Quantification, and Portfolio Analytics. Chris believes in using data and analytics to provide insights into the increasing complex problems faced by businesses today. Previously, Chris has held positions at Alliance Data Services, Key Bank, and PNC Bank.

Chris holds a Bachelor of Science degree in Economics from State University of New York at Buffalo, and a Master of Business Administration degree from the University of Rochester Simon School of Business.

Xiaobo Wang is executive vice president of Corporate Development at North Horizon Holdings, Inc. Previously he was the Chief Risk Officer at WinnerMax Capital Inc. and was responsible for WinnerMax’s enterprise risk management covering internal control, compliance, strategy risk, investment risk, liquidity risk, funding risk, etc. Prior to that, Xiaobo was the CRO at Industrial and Commercial Bank of China (Canada). Xiaobo honed his holistic risk management skills at Scotiabank over twelve years, covering risk management, internal audit and treasury functions. 

Xiaobo is the co-director of Global Association of Risk Professionals (“GARP”) Toronto Chapter. Xiaobo holds a Ph.D. degree from Boston University and an MBA degree from Schulich Business School. He is a CFA charter holder and holds the FRM designation.