09:00 – 09:10
Former CRO; Director
The Regtech Association
Peter Deans is a former Chief Risk Officer. Peter retired in May 2019 after seven years as Group Chief Risk Officer of the Bank of Queensland (BOQ) in Australia and a finance career of over 32 years. Peter was awarded Australian Banking & Finance magazine’s Chief Risk Officer of the Year award in 2014, 2015, 2016 and 2018.
Peter now undertakes selected risk and strategy advisory engagements in the financial services, corporate and start up/technology sectors. Peter is a regular speaker, in Australia and overseas, on risk management, ethics, technology, and regulatory and compliance topics.
Peter is also the Creator & Founder of the 52 Risks management framework (www.52Risks.com) and a Non-Executive Director of The Regtech Association in Australia.
09:10 – 09:40
Australian Securities and Investments Commission
Karen Chester commenced as an ASIC Deputy Chair on 29 January 2019.
Before joining ASIC, Karen was a Commissioner at the Productivity Commission since 2013 and Deputy Chair since May 2016.
Previously, Karen was a Partner at Mercer and Global Head of Infrastructure. Before joining Mercer, Karen was a Partner at Access Capital Advisers and the CEO of Access Economics. Karen has held directorships on several Australian infrastructure company boards.
Before moving to the private sector, Karen held senior economic policy roles in the Australian Treasury and the Department of Prime Minister and Cabinet.
Karen has a first class honours degree in Economics from the University of Queensland and was awarded an honorary doctorate in Economics by the University in 2017. She is also a graduate of the Australian Institute of Company Directors.
09:40 – 10:20
CRO Think Tank: Rethinking risk assessment and building a new risk management playbook for better business resilience
- Responding to the pandemic-how have the recent events changed the way financial institutions assess risk today? How has the pandemic affected future strategy? What sorts of risks are risk managers being asked to monitor now in the years ahead?
- Is current approach of risk management still fit for future? Which extra tools should a risk manager have in his toolbox to better be prepared for future risks?
- What emerging risk keeps you awake at night- the next significant risk that Australians will have to manage?
- Recovery policy and business continuity management approaches. The future of business continuity centers
10:20 – 10:30
Special Guest Address: The Power of Risk Management
National Aeronautic and Space Administration (NASA)
Dr. Jeevan Perera is currently the Risk Manager for the Orion space vehicle. The Orion is NASA's new spacecraft which will replace the Space Shuttle, service the International Space Station, and then return astronauts to the moon and eventually mount expeditions to Mars. Dr Perera has been with NASA for 20 years. In his current capacity, he is responsible for risk management policies, processes and analytical tools that ensure the successful deployment and operations of this new spacecraft. He oversees both quantitative and qualitative risk analysis processes and provides technical direction to a team of risk analysts. Formerly as the International Space Station Risk Manager, he designed, developed, implemented and improved the Program's risk management processes through a phased, systematic approach setting the standard for NASA’s risk practice. Prior to his work in risk management, he has worked in different technical fields in support of many NASA programs and projects. These duties have included management responsibility for versions of the primary and back-up flight software for the Space Shuttle and development responsibility for other software used aboard Space Shuttle and International Space Station missions.
Dr. Perera has been a member of the Board of Trustees for a local homeowners association, has provided legal advice to the United Space School, a foundation for international space education that brings student from around the world for focused classes on space related disciplines. He often presents on space topics at schools, universities, public events and international conferences. Dr. Perera has both a Jurisprudence Doctorate (law) and a PhD in Industrial Engineering.
10:30 – 11:10
Executive Discussion: Strengthening the ‘voice of risk’ in risk culture and non-financial risk management in Australia
- The growing impact of regulatory expectations and legislations ( Royal Commission, BEAR, FAR, etc)on conduct risk-convergence of legislation and the covid period
- 3 years on from the Royal Commission- what outcomes and evidence of genuine reform in the risk governance and culture can be seen? Is it now mature and well-understood?
- Ways to demonstrate compliance with risk culture to regulators and the Board. Role of technology in measuring and demonstrating compliance landscape to the Board and regulators
- How to measure the risk culture of an organization?
Chief Risk Officer
UBS Australia and New Zealand
Antoine is the Head of Market Risk for UBS Australia and New Zealand since 2016 and was appointed Chief Risk Officer in 2019.
Prior to joining UBS, Antoine held numerous senior risk and trader roles across the APAC region, specializing in equity derivatives trading.
Antoine has over 20 years of risk and trading management experience in the financial services industry in Asia-Pacific markets.
Chief Risk Officer
Donovan leads the Risk and Compliance team for Westpac’s insurance entities, including Life Insurance, General Insurance, and Lenders Mortgage Insurance. He is responsible for overseeing all risks faced by these entities, both financial and non-financial. A big part of Donovan’s role is working with key stakeholders, including the Board and regulators, in making sense of the risks faced by these entities in increasingly “VUCA” (Volatile, Uncertain, Complex and Ambiguous) times. Donovan previously led risk and compliance teams at the Commonwealth Bank, and his career spans a variety of roles in superannuation, banking, and regulation.
General Manager, Policy and Advocacy
Governance Institute of Australia
Catherine has a strong background in governance and policy gained at the Australian Prudential Regulation Authority, the ASX Corporate Governance Council, ASX, the Australian Institute of Company Directors and the Financial Services Council. Qualified as a lawyer, she has also held roles as a company secretary with The Cancer Council NSW, NPP Australia Limited and Father Chris Riley’s Youth off the Streets Limited.
Belinda leads CareSuper's Compliance and Risk team in identifying and managing governance and risk. She is also the corporate company secretary.
Belinda has over 25 years' experience in superannuation consulting, auditing and accounting, starting as an auditor for Ernest & Young. Later, she moved on to hold several senior roles at Towers Watson ( now known as Willis Towers Watson), including Senior Consultant for corporate super funds and Head of Research, Information and Compliance.
Belinda holds a Bachelor of Business (Accounting and Information Systems), a Graduate Diploma in Organisation Leadership and is a member of the Institute of Chartered Accountants Australia and New Zealand.
11:10 – 11:50
Benchmark Reform and LIBOR Transition: are we there yet?
- Updates on implementation timelines approach
- How US pushback on LIBOR deadline is affecting Australian Banks and supers- can the firms keep up?
- How financial institutions are negotiating their contracts. Is there opportunity for a standardized approach?
- Are there enough data points that can be used for pricing?
11:50 – 12:30
Effective collateral management operations
- How has Covid-19 impacted the UMR implementation?
- Mitigating regulatory and reputational risks by determining the insourcing and outsourcing of IM calculation with historical data
- How to overcome complication in IM calculation in view of the increased usage of OTC derivatives and diversified portfolios
- What are the key consideration in implementing consistent models for the valuation and sensitivities calculations across all asset classes?
- How does the calculation of pre-trade margin requirements help identify the cheapest way to trade?
Head of Collateral Management & Liquidity
Brendan has been working in financial markets, with a particular focus on Collateral Management for over 22 years. Starting in London with UBS in 1998, Brendan helped develop UBS’s in-house OTC derivatives collateral management solution “COMA” before becoming a Collateral Manager himself and working across the OTC and Stock Lending portfolios. Later, Brendan transferred to Sydney to establish a collateral management presence in Australia before setting up and managing the Australian Prime Brokerage operation supporting the UBS Hedge Fund Services business.
Following a move to Brisbane in 2006, Brendan joined Suncorp where he established their OTC Collateral Management function as well as the Banks’s Repo business. Currently, Brendan has combined responsibility for Suncorp’s Cash and Collateral Management with a primary focus over the last few years on delivering to the OTC Regulations around reporting, UMR and Central Clearing.
Director, Product Management – Margin & Risk
Sophie Marnhier Foy is the Director of Product Management for Margin and Risk at Calypso Technology. In her role, she designs the Calypso margin solutions to meet the various regulatory margin and clearing requirements. Currently, she is working very closely with Calypso clients implementing ISDA-SIMM to ensure that their compliance with the Uncleared Margin Rules for September 2019 and 2020 will be successful.
Ms. Marnhier-Foy is also in charge of Calypso Risk solutions including the regulatory, CCP, and counterparty risk offerings. Prior to this role, she held the position of Principal Product Manager for Calypso Middle Office solutions.
Before joining Calypso, Ms. Marnhier-Foy worked for Calyon (now Crédit Agricole CIB) in New York and Paris, working on Risk Management and Front Office project management. Prior to Calyon, she worked for PricewaterhouseCoopers (PWC) in Paris as a Bank Auditor.
12:30 – 12:50
How to apply Stress testing, lessons learned from Covid and ways to integrate Stress Testing into day to day risk management
Head of Integrative Risk Management
- Working at ING for 18 years in various fields of risk management
- International working experience in Europe and Australia
- Since 2 years head of integrative risk management in Australia
- Responsible for stress testing, scenario analyses, ICAAP, IRB related topics, etc
12:50 – 12:50
End of Risk Australia virtual conference Day 1
09:00 – 09:05
Opening remarks of the Chairperson
09:05 – 09:25
Outlook for the Australian economy and macro view
Fireside Chat Discussion
- Keeping up with changing forecasts of rates, inflation, volatility and other signs of recession and what it means for financial firms
- Geopolitical turmoil- making sense of the world we live in and a long-term impact on financial industry
- Unprecedented growth in housing market -are we creating a bubble for the future in the market?
- The rising public debt and implications
- Lessons are leant from previous events of 2019 /2020
09:25 – 10:05
Cyber security risk management
- Strategies taken by financial institutions on how to get better cyber resilience and protection
- How risk culture has changed in the rise of recent cyber-attacks
- Transaction monitoring and how to identify different behavioural abnormalities : what tools and experiences are out there
10:05 – 10:45
Revisiting Basel IV implementation
- Where are banks in Australia and the rest of the world with the implementation of Basel IV?
- Is Basel IV still relevant and valid? How Basel IV needs to be changed to account for the latest challenges and implications arising from the post-covid environment
- Addressing the challenges of implementation of Basel IV across multiple jurisdictions for multinational banks
- What will be the impact of the new standards on credit risk, market risk the impact on stricter separation to Trading and Banking books
- The roll out APRA’s Capital Reforms. Understanding how different this reform from Basel IV
10:45 – 11:25
Maturity of ESG and Climate risk
- How financial firms are handling climate change risk?
- How are the sustainable and ethical aspects of lending and debt issuance evolving?
- Exploring the issue of quality of the ESG data
- Adoption of ESG integration into investment process- how to create a carbon-neutral portfolio and construct a coherent path to get to that end point?
11:25 – 12:05
Hunt for yield- assessing global market uncertainty, top Australian investment challenges and opportunities in 2021
- What are the prospects across asset classes and the best investable options out there today?
- How fund managers are looking at ESG and incorporating in the existing portfolios. Does it have implications on their bottom line? What percentage of your portfolios becoming focus on ESG and is that returning the expected results?
- What are implications and risk of the stapling provision reform pose to Super Funds? How do they compete and market themselves in a crowded market? What implications could further consolidation have on the market overall?
Sangeeta Venkatesan is the Chairman of FairVine Super, a superannuation fund designed for women, and CEO and Co-founder of Applegrove Capital, a capital advisory firm focused on sustainable investment including renewable energy, healthcare and agriculture. She is a highly sought-after speaker, media commentator, judge for awards functions and thought leader across banking and finance, superannuation, fin-tech, sustainable investing and gender equality. She is no stranger to breaking through the glass ceiling. Thus far she is the only female who has been the CEO of a stockbroking firm (APP Securities) in Australia. She also serves as a Board Member of Women in Banking and Finance, and Treasurer of Australia-India Business Council NSW. Having worked in the banking and finance sector for more than 23 years, Sangeeta’s experience spans several continents including London, Hong Kong, Singapore and Sydney, at some of the most prominent and globally recognised firms, including Goldman Sachs, Morgan Stanley, Lehman Brothers/ Nomura, KPMG, and The Commonwealth Bank of Australia (‘CBA’). Whist at CBA Sangeeta represented the bank at various government led Australia-China financial collaboration dialogues and co-authored a book titled “The Renminbi – from the Peoples’ Money to a Global Currency” focusing on the evolving Chinese economy and financial liberalisation, and opportunities for both Australian and Chinese companies that trade or invest across the corridor. She played a significant role in integrating the erstwhile Lehman Bothers’ business into Nomura and represented the firm at The International Swaps and Derivatives Association’s (ISDA) Credit Derivatives Committee and Association for Financial Markets in Europe’s (AFME) Credit Board. Sangeeta won the ‘Innovator of the Year’ award at Money Management and Super Review’s Women in Financial Services Awards 2019.
Head of Multi Asset
Michael has over 20 years’ investment management and consulting experience and joined BTIM from First State Super, where he was Head of Investment Strategy since January 2014. In this role, Michael was responsible for the establishment of an active asset allocation process and led the Fund’s Investment Strategy Team. Prior to this appointment, Michael was Head of Diversified Strategies at Perpetual for over five years, with portfolio management responsibilities for the manager’s range of diversified funds. Michael’s prior experience includes over 10 years in consulting roles at Watson Wyatt (now Willis Towers Watson) and NSP Buck.
Head of Investment Strategy
Damian commenced with QSuper in July 2009. As Head of Investment Strategy his responsibilities include guiding Asset Allocation as well as managing Investment Risk and Strategy.
Driven by processes developed by Damian and his team, QSuper has been an industry leader in Dynamic Asset Allocation and developing risk balanced portfolios, delivering top tier returns with risk around 25% lower than other high returning funds.
Previously Damian was Head of the Portfolio Design team in QIC’s Investment Strategy team where he focused on design for QIC’s core clients - QSuper and Queensland Treasury.
Damian commenced his career as a Chemical Engineer and worked in industry for 5 years. During this time he completed a Graduate Diploma of Accounting, and is now a Certified Practicing Accountant (CPA).
Other financial experience includes roles with Macquarie Bank, CBA Institutional Banking, and Credit Suisse Financial Products.
He has written an easy reading book explaining investing and the global economic issues of the day, Kitchen Table Economics & Investing, released by University of Queensland Press in January 2013. To find out more about Damian visit his website www.barenakedeconomist.com
12:05 – 12:15
Decentralized Finance (DeFi) - A new financial infrastructure built on blockchains
- What is DeFi and how does it work
- What is infrastructure is being built in DeFi
- Does DeFi represent a paradigm shift in finance?
Chief Investment Officer
Henrik is the co-founder and CIO of Apollo Capital, Australia’s premier crypto fund. Henrik has over 17 years of experience in global financial markets, with almost a decade on Wall Street. Henrik has extensive experience across three continents as a quantitative analyst, senior research analyst and in institutional equity sales. Henrik holds a Master of Science in engineering physics from the Royal Institute of Technology (KTH) and a Master of Science in business administration and economics from Stockholm University. He is a CFA charterholder.
12:15 – 12:35
Digitalisation and innovation of the financial market
- Who are the industry disruptors in the financial market today?
- How digital transformation is mainstream, what next?
- The use of alternative data for credit scoring and machine learning
- In a post digital transformation world how does risk management need to adapt
12:35 – 12:40
12:40 – 12:40