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Diversity & Inclusion in Risk Management: A Driver of Growth

Overview

Among all the economic, political and regulatory factors influencing the practice of risk management, diversity and inclusion (D&I) is rapidly gaining momentum. Financial institutions are increasingly focusing on incorporating D&I policies at all workforce levels. D&I has evolved beyond a matter of ethics or fairness into a driving force of growth, revenue, and profits.

Like risk and opportunity, D&I is multi-dimensional and intersectional. Meaningful and lasting D&I involves a cultural shift, which is difficult to implement at any organization. Our panel of diversified CROs will discuss numerous issues surrounding building up a diverse risk team, including:

Proven benefits of diverse risk teams

• Multi-dimensional and intersectional perspectives of D&I

• Specific strategies for building up and retaining a diverse risk team

• Monitoring D&I progression during a pandemic

• Career advice for diversified risk talents 

Agenda

• 6:00 - 6:05 pm EST: Welcome and introductions

• 6:05 - 6:45 pm EST: Panel discussion

• 6:45 - 7:00 pm EST: Audience Q&A

Attendees qualify for 1 GARP CPD credit.

Chapter Speakers

Richard Ottoo, Ph.D., CFA, FRM

Vice President, Certifications and Educational Programs Group, FRM Program, GARP

Richard Ottoo is a Vice President at Global Association of Risk Professionals (GARP) and serves in the Financial Risk Manager (FRM) program, the Certifications and Educational Programs Group. He is also responsible for the Financial Risk and Regulation course, the Foundations of Financial Risk course, and is Co-chair of GARP’s Diversity, Equity & Inclusion Committee. 

Prior to joining GARP Richard was a tenured Professor of Finance at Pace University, Lubin School of Business in New York City where he taught corporate finance, mergers and acquisitions, investments management, international finance, and risk management. He served as Director of Certifications in Finance and was Founding Director of the Center of Global Finance. Previously, he was an Associate Financial Analyst at the Organization for Economic Cooperation and Development (OECD) in Paris, and a Business Project Manager for East Africa at Action Internationalé. Before that he served as a Research Analyst at Bank of Uganda, a Special Assistant to the Minister of Health in the Uganda government, and an Accounts Associate at the National Water Corporation of Uganda. 

Richard obtained his Ph.D. in Finance from the City University of New York. His dissertation on modeling valuation of corporate innovation and growth opportunities was a co-winner of the 1997 FMA Global Doctoral Dissertation Award sponsored by the Nasdaq Stock Exchange. Richard earned his MBA in Finance from Baruch College Zicklin School of Business, a Master’s in Banking and Finance degree from Giordano dell’Amore College, an affiliate of Bocconi University in Milan, Italy, and an undergraduate degree in Statistics from Makerere University in Kampala, Uganda. An author of a book and several articles in leading finance journals, Richard is a frequent presenter at finance conferences around the world. Richard is a certified FRM and a CFA charterholder.

Andrew Chin

Head of Quantitative Research and Chief Data Scientist, AllianceBernstein

Andrew Chin is Head of Quantitative Research and Chief Data Scientist at AllianceBernstein. He is responsible for optimizing the quantitative research infrastructure, tools and resources across the firm’s investing platforms. Andrew also leads the firm's data science strategy to harness big data and leverage machine learning to improve decision-making across the organization. From 2009 to 2021, Andrew was Chief Risk Officer and Head of Quantitative Research. In that capacity, in addition to his quantitative research responsibilities, he led all aspects of risk management and built a global team to identify, manage and mitigate the various risks across the organization. Andrew held various quantitative research, risk management and portfolio management roles in New York and London since joining the firm in 1997. Before joining AB, Andrew spent three years as a project manager and business analyst in Global Investment Management at Bankers Trust. 

At AB, Andrew started the Asians Employee Resource Group to celebrate and draw on the strengths of the Asian culture as well as to advance the personal and professional growth of its members. Outside of AB, Andrew serves in various leadership capacities. He is a co-founder of the NY Chapter of the Ascend Executive Network. Ascend AEN members are committed to the development of senior talent within the Pan-Asian corporate community. Andrew was also a past President of the GARP–Buyside Risk Managers Forum, a group of Chief Risk Officers from the largest asset managers who promote best practices for the risk management function. Andrew serves on the Board of Directors for the Society of Quantitative Analysts, an organization dedicated to the dissemination and discussion of leading-edge ideas and innovations in quantitative finance. Finally, Andrew teaches the Asset Management course in Cornell University’s School of Operations Research and Information Engineering (Master of Financial Engineering Program) and leads teams of students on capstone projects utilizing quantitative and data science skills to address investment issues.

Andrew holds a BA in math and computer science, and an MBA in finance from Cornell University.

Christopher Van Buren, CFA

Principal and Chief Risk Officer, Edward Jones

Christopher (Chris) Van Buren, CFA, has more than 35 years of experience in enterprise risk management, asset management, quantitative financial research and technology roles in New York and London. Chris is currently Chief Risk Officer of Edward Jones, a financial services firm with over $1.5T in assets under care. Prior to Edward Jones, Chris held several senior risk management roles at TIAA, including Chief Risk Officer of TIAA. Additionally, Chris was Chief Risk Officer for UBS Global Asset Management, Head of Risk Management and Operations for the Investment Office at The Rockefeller Foundation, and Global Head of Risk Management for the Investment Management Division of Lehman Brothers. Chris has also held positions in fixed income research, portfolio management and risk management during a 15-year career at Goldman Sachs. Early in his career, Chris worked as a flight systems engineer for projects such as the F-16 and the Space Shuttle.

Chris holds a B.S.E. in Electrical Engineering/Computer Science from Princeton University, and an M.E. in Electrical Engineering from Stevens Institute of Technology. Chris is also a CFA charterholder and a past president of the Global Association of Risk Professionals’ Buy Side Risk Managers’ Forum.

Chris currently serves on the Board of the Princeton Public Library, and he is a past Board Chair and current Advisory Board member of the Princeton-Blairstown Center, which provides experiential leadership education to underserved young people.

Chris and Robin Van Buren live in Princeton, NJ.

Philip Melville, CFA

Chief Risk Officer, Brighthouse Financial

Philip A. Melville is an Executive Vice President and Chief Risk Officer for Brighthouse Financial. Brighthouse Financial was spun off from MetLife in 2017. Mr. Melville is charged with oversight of the company’s risk management profile and activities. His team focuses on understanding, monitoring, and managing credit, market, operational, liquidity, model and product risks. Mr. Melville chairs both the Balance Sheet and Financial Risk Committee and the Operational Risk Committee, identifying and ensuring that top risks are openly discussed with necessary mitigation plans agreed and in place. Mr. Melville is also Brighthouse Financial’s Chief Economist, where he is responsible for developing the firm’s macro-economic and market outlook.

Previously, Mr. Melville was the Chief Market Strategist and Head of Credit for Brighthouse Financial’s Investment division. Mr. Melville was MetLife’s Chief Market Strategist from 2012 to 2017 and the Global Credit Strategist from 2006 to 2011. Before joining MetLife, Mr. Melville was a Managing Director at FAF Advisors (now Nuveen), the asset management arm of U.S. Bancorp where he was the Head of Credit Research and was Co-Portfolio Manager of the High Yield Fund. Mr. Melville has previously worked at New York Life, Credit Suisse Asset Management, J.P. Morgan, Prudential Investments and Mutual Benefit Life as a credit analyst covering a multitude of sectors across the private placement, public investment grade, bank loan and high yield markets. 

Mr. Melville earned a B.B.A (cum laude) degree in Finance from Hofstra University, an M.B.A. degree from New York University and holds the Chartered Financial Analyst (CFA) designation. 

Lisa (Hausan) Carbone

Chief Risk Officer, J.P. Morgan Wealth Management

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Details

When

February 9, 2022 6:00 PM - 7:00 PM
Online Meeting
REGISTER NOW

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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