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Chapter Meeting

The Opportunities and Threats of AI Applications

June 26, 2025 5:00 PM | Toronto, Canada Chapter | In-Person

Details

June 26, 2025
5:00 PM - 8:00 PM |

In-Person

150 King Street West Toronto, Ontario M5H1J9 Canada, 150 King Street West, Toronto, Ontario M5H1J9

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Toronto: This panel discussion brings together a distinguished group of experts to examine how artificial intelligence is reshaping industries, governance, and risk landscapes. The conversation will feature insights from three unique vantage points: a seasoned industry consultant with over 20 years of experience in risk management, a senior representative from the regulatory community, and an AI leader at the forefront of innovation in a major financial institution.

Together, they will explore AI’s promise in driving operational efficiency, decision intelligence, and customer experience, while also confronting its inherent risks—ranging from algorithmic bias and systemic vulnerabilities to regulatory blind spots and ethical dilemmas. This multi-stakeholder dialogue aims to illuminate pathways for responsible deployment, sound governance, and collaborative innovation in the AI era.

Registration is required as seats are limited. Priority will be given to GARP Individual Members.

Agenda

5:00 5:30 pm: Registration

5:30 5:45 pm: Welcome Remarks

5:45 – 7:00 pm: Presentation/Panel Discussion with Audience Q&A

7:00 – 8:00 pm: Networking Reception (Drinks and light refreshments will be served)

Topics: Tools & Techniques, Risks & Risk Factors

Speakers

Ana Garcia

Ana Garcia

Director, Risk Quantification Division, Office of the Superintendent of Financial Institutions (OSFI)
Ana Garcia

Ana Garcia

Director, Risk Quantification Division, Office of the Superintendent of Financial Institutions (OSFI)

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 Osmola

Aneta Osmola

Acting VP, Data and AI Risk, Scotiabank
Aneta Osmola

Aneta Osmola

Acting VP, Data and AI Risk, Scotiabank

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

Chris Brophy

Principal Industry Consultant, SAS
Chris Brophy

Chris Brophy

Principal Industry Consultant, SAS

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, Ph.D., CFA, FRM

Xiaobo Wang, Ph.D., CFA, FRM

EVP - Corporate Development, North Horizon Holdings, Inc.
Xiaobo Wang, Ph.D., CFA, FRM

Xiaobo Wang, Ph.D., CFA, FRM

EVP - Corporate Development, North Horizon Holdings, Inc.

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.

Chapter Directors

Desmond Alvares
CFO and Director Operations Emerge Canada Inc.

Xiaobo Wang
EVP - Corporate Development North Horizon Holdings Inc.

Committee Members

Sudip Kumar Bhura
Program Manager RBC Capital Markets

Michael Rososhansky
Grants Consultant Ryerson University

CHU HE
Senior Manager Data Quality at Scotiabank

Christy Chen
Director in Enterprise Stress Testing Scotiabank

Azaan Jaffer
Chief Risk Officer Aga Khan Trust for Culture An Agency of the Aga Khan Development Network

Hira Shahzad
Director IT Risk Methodology & Governance Great-West Life

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