Programme 2020

Programme 2020

Risk Australia Virtual Series | 28-29 October 2020 Programme

09:0009:10

Chairperson's opening remarks

09:00 - 09:10

Peter Deans

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.

09:1009:40

Regulatory perspective on risk management and supervisory findings in a pre and post-COVID environment
Keynote address

09:10 - 09:40

  • Cyber risk management and how firms have remained operationally resilient during COVID-19  

  • ASIC’s findings and guidelines in reviewing conduct and culture risk, and the surveillance of market practices in debt capital markets transactions 

  • The effect of COVID-19 on FICC and Securitisation markets 

  • Strengthening suspicious activity reporting in OTC and FICC markets 

  • The ongoing LIBOR transition and timeline 

Cathie Armour

Commissioner

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Cathie Armour BEc, LLB (Hons) (ANU); LLM (Sydney)
Commissioner, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Cathie Armour's appointment as Commissioner commenced on 3 June 2013 and is for a four-year term.

Cathie has 18 years experience in legal counsel leadership roles in international financial institutions. Most recently, she was General Counsel for Macquarie Capital and an Executive Director of Macquarie Group, advising on equity, debt and private capital markets, mergers and acquisitions and financial investment transactions. She has also held senior compliance and operational risk positions at Macquarie Capital and at JP Morgan in Australia. Before she joined ASIC, Cathie was also a member of the ASX Tribunal.

Cathie previously worked in private legal practice for the forerunners of the firms King & Wood Mallesons and Allens in Sydney and for Milbank,Tweed,Hadley & McCloy in New York.

09:5010:30

Overview and status quo for benchmark reform in the Australian context
Panel discussion

09:05 - 09:35

  • What are the key challenges the market is facing on LIBOR transition?  
  • How far is the market in adopting new risk free rates, in Australia and elsewhere? 
  • How prepared are buy-side firms for the LIBOR Transition and the next step to take 
  • How might this affect the benchmark landscape in Australia 
  • Implications on operations and valuation landscape: how to navigate the shift? 
Pieter Bierkens | Moderator

CBA Group Interest Rate Benchmark Reform Lead

Commonwealth Bank of Australia

Pieter is Commonwealth Bank of Australia’s Interest Rate Benchmark Reform Lead. In his current capacity he coordinates the Bank’s preparation for the global reform of interest rate benchmarks. His prior role was that of Executive Director – Regulatory Strategy. He has been based in Sydney since 2014.

Previously, Pieter was Head of Markets of Commonwealth Bank in New York. Prior to Commonwealth Bank, he worked for 10 years in New York and London, where he started his career advising institutional investors on global fixed-income markets.

A dual citizen of the US and the Netherlands, Pieter holds a degree in Economics from Erasmus University and a Master degree in International Affairs from Columbia University in New York. He is a Chartered Financial Analyst and holds the Financial Risk Manager designation.

Ross Allen

Managing Director, Data Strategy

IHS MARKIT

Ross is a Managing Director in the Financial Services division working within our Strategy team with specific focus on changes to market structure, regulation and new technology.  Ross is a member of the IHS Markit IBOR Reform committee, global head of Term Risk Free Rates (TRFR) and also sits on the ARRC sub-committee working on the development of Term SOFR.

Previously, Ross served as Head of Financial Markets APAC and was responsible for leading and growing the IHS Markit business across Asia-Pacific.  Ross has an accounting and OTC derivatives background and has worked extensively on regulatory impact and developing new products to meet regulatory change.  Ross has over 20 years experience in the financial services industry covering cash, derivatives and alternative assets markets across a variety of roles.  Ross has worked in London, Singapore and currently based in Sydney.

Alexandre Bon

Group co-head of Libor and benchmark reform

Murex

Alexandre looks after the definition, positioning and go-to-market strategy of Murex product solutions with a focus on Risk Management and Regulatory Transformation. His most recent work centers on the implementation of the bilateral Initial Margin and Basel III capital reforms, and on XVA desks operating models. Alexandre also co-heads the Murex task force on the Interest Rates Benchmark Reform. 

Since joining Murex in 2000, Alexandre has held both senior client-facing and product management positions, last serving as global head of the Risk Control practice and general manager for Murex Ireland, where he drove the development of the MX.III XVA management solution and Credit Risk simulation engine.

Alexandre holds a « Grande École » MSc in Management and Finance from HEC Paris.

Greg Kaspar

Executive Director

Westpac

Greg Kaspar is an Executive Director in the Chief Investment Office, Group Treasury at Westpac, which is responsible for managing the risks inherent on the bank’s balance sheet. Greg leads a team responsible for regulatory and market change, collateral and xVA. Greg has been leading the Treasury response to IBOR reform at Westpac, encompassing issuance, derivatives and lending products, bringing an organisation wide perspective to the project.

Prior to joining Westpac in 2012, Greg spent 10 years on the sell side at Deutsche Bank in London and Sydney trading a variety of rates products. With a focus on non-linear products and cross currency swaps during the GFC, successfully navigating this period proved invaluable preparation for structural market change, and its impact on markets and organisations.

David Love

General Counsel & International Adviser

Australian Financial Markets Association

David is the General Counsel & International Adviser at the Australian Financial Markets Association.  In this role he works with AFMA members on public issues that affect the operation of financial markets.  This work involves close consultation with AFMA members, the government and financial sector regulators both in Australia and internationally.  His current focus is on conduct standards, application of fintech to documentation and transaction systems, financial benchmarks and capital markets regulation, and global financial market structures.

Previously, David worked for over a decade in senior policy positions with the Australian Treasury and is an expert on financial market regulation through having advised governments on successive reforms in this area.  David has also been a consultant for the World Bank and the Asian Development Bank on financial sector legal reform projects in Vietnam and Cambodia.  David began his career as a banking and finance lawyer working for a number of years in Japan before returning to practice in Australia.

10:3010:50

Latest insights from the Reserve Bank of Australia on the FMI landscape
Executive interview

10:40 - 11:00

Sarah Harris

Deputy Head of Payments Policy Department

Reserve Bank of Australia

Sarah Harris is Deputy Head of Payments Policy Department at the Reserve Bank of Australia, with responsibility for the Reserve Bank’s oversight of payments, clearing and settlement systems and associated policy and research. Sarah’s team also has responsibility for contributing to international policy making and inter-agency efforts to ensure that Australia’s regulatory framework for over-the-counter derivatives is best practice. In addition to this, she contributes to the Reserve Bank’s work in the development and implementation of resolution, recovery and other crisis management policies relating to financial market infrastructure. She is a member of the Committee on Payments and Market Infrastructure (CPMI) and CPMI and the International Organization of Securities Commissions (IOSCO) Steering Group.  Sarah joined the Reserve Bank in 2012 and has held a number of roles in Payments Policy including leading the team that developed the current Reserve Bank standards for clearing and settlement systems in Australia. Prior to that, she worked at the UK Financial Services Authority for over 13 years, including stints running the clearing and settlement supervision team and working in the banking and market divisions. 

Peter Deans

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.

10:5011:20

Morning networking break

10:10 - 10:40

11:2012:00

Emerging risks in 2020 and beyond
CRO Discussion

10:15 - 10:55

  • Latest approaches in mitigating emerging risks like technology, cyber risk, crypto, data protection and outsourcing 
  • How do you integrate non-financial threats like climate change, reputational risk, geopolitical turmoil and social unrest into your risk management framework? 
  • How can a CRO actively anticipate, prepare and safeguard your organisation against emerging risks? 
Vasyl Nair | Moderator

Deputy CEO and Chief risk officer

Mine Superannuation Fund

Vasyl Nair is the Chief Risk Officer of Mine Super and is responsible for its risk, compliance and legal functions (prior to this, Vasyl was employed with Mine Super in the role of Chief Strategy Officer). Vasyl has a background in law and corporate finance, having also held roles across operations, strategy, marketing and risk related functions at some of Australia’s largest financial services institutions (including Westpac Banking Corporation and the Commonwealth Bank). Vasyl holds a Bachelor of Laws (Hon), Bachelor of Commerce, Graduate Diploma of Legal Practice and an Executive Master of Business Administration. He is admitted to the Supreme Court of NSW as a solicitor, is a Graduate of the Australian Institute of Company Directors and has achieved a Certificate of Business Excellence from the Haas School of Business, U.C. Berkeley.

Mine Superannuation Fund (Mine Super) is a profit to members, public offer super fund dedicated to serving the retirement needs of all Australians. Its enduring purpose is to deliver an exceptional retirement for members which achieves peace of mind along the way. Mine Super employs 200 staff and manages over $11 billion in funds for approximately 65,000 members. In addition to superannuation and pension products, Mine Super offers its members insurance and access to financial advice.

Antoine Delterme

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.

Donovan Hutchinson

Chief Risk Officer

Westpac

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. 

David Nichols

Co-founder and General Counsel (former Chief Risk Officer)

Xinja Bank

David is a Corporate Governance, Risk Management, Compliance and Legal professional with extensive experience in financial services & banking reporting to the CEO. With diverse exposure to a broad spectrum of customers (from retail, to business, institutional and government), across an array of financial products & services (including lending, deposits, cards, advice, securities, Managed Investment Schemes and everything in between), via a smorgasbord of material risk categories (operational & compliance, financial crimes legal, strategy, technology related, credit, capital & liquidity focussed) and having worked in a variety of organisations (from the biggest bank in Australia, the mutual banking sector, starting a fintech company and commencing his career in corporate law firms) - David prides himself on being a strategic business enabler with razor sharp commercial acumen and genuine customer centricity.

Tony Woods

Chief Risk Officer

MaxCap Group

Tony is the Chief Risk Officer of MaxCap Group, one of Australia's fastest growing Real Estate Debt and Investment Groups. In this role he leads the risk, legal, compliance, technical and reporting functions of the group.

Prior to joining MaxCap, Tony spent extended periods working for ANZ and NAB and ran his own risk consultancy advising, guiding and reviewing banks, corporations and individuals/boards on key risk areas and processes.

Tony has over 30 years banking experience in senior executive/ general management roles, designing, establishing and leading global risk and credit functions across all major divisions. He has used his risk and relationship skills to provide a range of industry leading risk services and solutions to the bank boards, group executives, risk and business heads and external regulators across the globe.

Tony possesses a comprehensive understanding of Australian and International financial and business markets, and global risk and operating practices. He has led credit decisioning teams across all major business areas and held the highest personal lending authority available. He also built and led group oversight, monitoring and testing functions which had responsibility for review of all risks globally and worked directly with bank regulators providing innovative solutions to complex problems and potential issues in a number of geographies.

12:1012:30

Rise of fintech- how financial market participants are capitalising on opportunities in the world of digital disruption
Fireside chat

11:10 - 11:30

  • Digital drive and digital disruption - what it means for banks? Major technology challenges: big data, machine learning, AI and Blockchain
  • Fintech companies disrupting banks vs. banks accumulating and partnering with fintech: local and international perspectives. How to work more collaboratively to move forward and keep up with latest innovations?
  • The need for banks to have a collaborative approach to enhancing the customer experience. What can fintech’s and banks learn from each other to maximise the user experience?
  • How to remain agile in a fast moving environment of new digital world whilst still protecting the user?
David Nichols

Co-founder and General Counsel (former Chief Risk Officer)

Xinja Bank

David is a Corporate Governance, Risk Management, Compliance and Legal professional with extensive experience in financial services & banking reporting to the CEO. With diverse exposure to a broad spectrum of customers (from retail, to business, institutional and government), across an array of financial products & services (including lending, deposits, cards, advice, securities, Managed Investment Schemes and everything in between), via a smorgasbord of material risk categories (operational & compliance, financial crimes legal, strategy, technology related, credit, capital & liquidity focussed) and having worked in a variety of organisations (from the biggest bank in Australia, the mutual banking sector, starting a fintech company and commencing his career in corporate law firms) - David prides himself on being a strategic business enabler with razor sharp commercial acumen and genuine customer centricity.

Gwenda Phillips

Chief Risk Officer

SC Ventures

Gwenda Phillips is the Chief Risk Officer for SC Ventures, Standard Chartered Bank’s platform to promote innovation, invest in disruptive financial technology, and explore alternative business models. Gwenda also leads the Bank’s Crypto-Asset Risk Management Approach to enable it to explore this growing asset class. Gwenda has previously held senior roles at ANZ where she led teams across multiple countries and divisions including; Corporate and Commercial Banking, International Business Development, Wealth Operating Risk, Sales Execution, Operations, Business Transformation and Digital Innovation. Her last role with ANZ was as the acting Chief Risk Officer for Digital. Gwenda is also the co-founder of an international mind-health start-up: Your Hidden Mind.

12:3012:30

End of Risk Australia virtual conference Day 1

14:50 - 14:55

09:0009:05

Chairperson's opening remarks

09:00 - 09:05

Elizabeth Sheedy

Professor, Department of Applied Finance

MACQUARIE UNIVERSITY

Professor Elizabeth Sheedy is a risk management and governance expert based at the Macquarie Applied Finance Centre. She spent her early career in the financial services sector before joining academia in the mid-90s. At Macquarie she teaches in the highly-regarded Master of Applied Finance program. Since 2012 her industry-relevant research has focused on risk culture, governance and remuneration in the context of financial institutions. She comments regularly in the media on the topic of financial services misconduct.

09:0509:45

Outlook for the Australian Economy - macroeconomic perspective and political analysis. COVID-19 aftermath
Executive panel

09:00 - 09:35

  • Financial responses to the unknown emerging threats. What have we learnt from COVID-19 and the recent bushfires and their impact on risk modelling? 
  • Volatility and political risk: how do you integrate geopolitical uncertainty into stress testing and scenario analysis? 
  • Geopolitical issues and trade tensions – Has COVID-19 highlighted a detrimental reliance on China?
  • Top emerging risks for the financial services’ industry 
  • Are there any upside risks of volatility and political uncertainty?
Su-Lin Ong | Moderator

Chief Economist

RBC Capital Markets

Su-Lin Ong is a Managing Director of RBC Capital Markets, Chief Economist & Senior Relationship Manager. She has led the Economics & Fixed Income Strategy team for AU/NZ since 2010 and was Head of AU Research, including oversight for equity research, from 2015 to 2019.  In August 2019, she began a newly created role to help foster senior relationships with RBC’s key clients.

Su-Lin is part of the global strategy team with primary responsibility for formulating and presenting RBC’s AU/NZ macroeconomic outlook, cash rate view and bond yield forecasts. Based in RBC’s Sydney office, she works closely with sales and trading across fixed income, currencies, and equities in Australia as well as key RBC offices across the globe. Prior to joining RBC in 1998, Su-Lin was a fixed income economist for Hambros Bank and before that worked as an economist at the Department of Prime Minister & Cabinet in Canberra.

She is a former Director of Business Spectator and the NSW/ACT FINSIA Regional Council.  Su-Lin is an Executive Member of The Australian Business Economists, CEDA’s Economic Policy Committee, and sits on the Women in Banking and Finance Board. She is also a founding member of RBC’s Diversity Council, RWomen Committee and actively involved in their mentoring and charity programs including Lou’s Place and Ronald McDonald House, Randwick. She is an ambassador for the RBA’s Women in Economics initiative and supports a number of initiatives aimed at building pipeline economic talent, especially female. Su-Lin regularly represents RBC at various industry, policy, and education forums. She holds a BEc from the University of Sydney, Post Graduate in Applied Finance and Investment from the Securities Institute of Australia, is a Fellow, FINSIA, and scholarship recipient and recent graduate of the Australian Institute of Company Directors.

Nathan Cotton

Economist

QIC

Nathan Cotton is an economist at QIC, where he monitors domestic and global macroeconomic conditions and contributes to QIC’s economic research and analysis. Nathan has previously held positions at the Reserve Bank of Australia, Queensland Treasury, and the Australian Department of Finance. Nathan holds a Bachelor of Economics from the University of Queensland and a Bachelor of Business from Queensland University of Technology.

Bill Evans

Chief Economist

Westpac Banking Corporation

William (Bill) H. Evans is a graduate of Sydney University (BEc. Hons I and University Medal) and the London School of Economics (M.Sc.), where he was a Commonwealth Scholar. He has worked as a Research Manager for the Reserve Bank of Australia, Treasurer at the Commonwealth Bank of Australia, and prior to joining Westpac in 1991, was Director and Head of Financial Markets at Schroders Australia Limited for 8 years.

Bill joined Westpac in 1991 in the position of Chief Economist and Head of Research. During his time at Westpac he has also spent 2 years in New Zealand as Head of the Institutional Bank with responsibility for Westpac’s corporate and financial markets businesses.

He is currently Managing Director Economics. He is the Bank’s economic spokesman and is responsible for all of the Bank’s economic research. Bill travels frequently, advising Westpac’s customers on the Australian economy and financial markets. He has developed many important contacts in the U.S, Europe and Asia.

Bill was Chairman of the Australian Business Economists for eight years and is now a life member.

Brian Parker

Chief Economist

Sunsuper

Brian joined Sunsuper in June 2015. Prior to joining Sunsuper, Brian worked in a series of economics, portfolio management, and communications roles with a range of firms, including Rothschild, JP Morgan, Citigroup, MLC, and the Reserve Bank of Australia, in a career spanning over 29 years.
Brian has an honours degree in economics from the University of Queensland, where he also taught macroeconomics, and is a Chartered Financial Analyst.

09:5510:35

LIBOR reform amidst the Covid19 – what are the next steps and how to get prepared?
Panel discussion

09:35 - 09:50

  • How is the timing of LIBOR cessation likely to play out during the current COVID-19 crisis? 
  • Aside from COVID-19, what are the challenges that financial institutions and the market generally face? 
  • What are the regulators expecting from financial institutions and the market generally in relation to transitioning to risk free rates?  What can be done to prepare? 
  • “Tough legacy” issues.  Could a legislative or regulatory solution help? 
Subramanian Natarajan | Moderator

Associate General Counsel

HSBC

Subramanian Natarajan is a lawyer in the HSBC Global Banking & Markets Legal team in Hong Kong. His coverage area includes FICC (Fixed Income – Rates & Credit, FX and Commodities markets), Regulatory Change and Sales and Distribution matters for the Markets business of HSBC in Asia. Prior to HSBC, he worked at Clifford Chance LLP London in their Derivatives and Financial Regulation practice. He holds degrees from the  University of Oxford and the National Law School of India University.

David Doyle

Benchmark Transition Project

ANZ

David Doyle has 30+ years experience across Australasian financial markets, structured capital markets, risk management and Learning & Development. He is currently a member of the ANZ Benchmark Transition Project team focusing on communications and customer engagement. He's excited about the many challenges that LIBOR transition presents.

John Henson

LIBOR Transition Lead, CIB Regulatory & Risk Delivery

National Australia Bank

Over 25 years in Financial Services. John is the NAB Lead on Financial Benchmark Reforms and has been involved in leading this since October 2017.In this role John advises and works closely with Sponsor, impacted product and customer segment heads, risk, legal & project managers to ensure NAB meets the timelines and changes required to transition customers off LIBOR to alternative reference rates.

Paul Wylie

Head of Risk, Asia-Pacific

LCH

Paul Wylie is Head of Risk, Asia Pacific for LCH Ltd.  In his role, he is responsible for overseeing the various LCH risk functions and benchmark reform for the APAC region.

Before joining LCH in March 2019, Paul headed Structured Products and managed fixed income portfolio mandates at Mason Stevens.  Prior to that, Paul held senior front office trading roles both in Australia and overseas, including running Strategic Trading, CVA Trading, and Credit Solutions for Lloyds bank PLC in London.

Paul holds degrees in Actuarial Studies and Applied Finance from Macquarie University, Australia.

Yu Zhang

Managing associate

Allens

Yu is a Managing Associate in the Banking & Finance practice group at Allens. He advises borrowers and lenders on a broad range of finance transactions and global markets issues, including in relation to derivatives and GMRAs. He is currently working with a major Australian bank on its LIBOR transition.
Yu is a regular speaker on behalf of the International Swaps and Derivatives Association, Inc and the Asia Pacific Loan Market Association. He completed his Masters of Law at Cambridge University in 2009 with a focus on private law, and his Masters of Law at Harvard University in 2010 with a concentration in corporate governance and financial regulation.

10:3511:05

Managing complexities of compliance
Fireside chat

10:40 - 10:55

  • Regulatory requirements as a driving force for transforming the compliance function 
  • How to connect regulatory requirements to risk management, control and compliance processes 
  • Practical considerations in using data and advanced analytics in identifying compliance pitfalls 
  • Evaluating efficiency gain and cost benefits in using a structured and well-managed regulatory compliance system 
Michael Go

CEO

Sydney Stock Exchange

Michael Go is currently the CEO of the Sydney Stock Exchange and has broad experience working in the international financial markets. He is familiar with the challenges and opportunities presented by Australia’s financial services and the changing technology and business models having been involved in start-ups and high growth businesses challenging traditional models.

Prior to SSX, Michael was Head of Trading, Asia Pacific for Thomson Reuters, having previously held Global Managing Director and C-Suite roles overseeing the Operating and Growth strategies of major Global and Domestic Banks with responsibility for developed and emerging markets internationally.

Michael is also involved in several start-ups in the Digital, Financial, Clean Energy, Payments, Agricultural Technology and Fund segments. Support and development of the next generation of financial services is a key focus.

Steve Thurley

Managing Director - Asia Pacific

Galvanize

Steve Thurley is currently the Managing Director of Galvanize Asia Pacific and has extensive experience working in the international financial markets and Asian Organisations in the region. His experience has provided him with hindsight into the challenges and growth required by the Financial and Corporate organisations across the Asia Pacific region. He has been involved in providing new technologies and designing business models for this companies and has been involved in start-ups and high growth businesses which challenge traditional models introducing change across the corporation. Prior to Galvanize, Steve headed up several other roles in software organisations including Thomson Reuters and Wolters Kluwer, managing the growth strategies of both leading international and domestic organisations with responsibility for developed and emerging markets in the region.

11:0511:30

Morning networking break

10:10 - 10:40

11:3012:10

Examining Basel IV in Australia – latest developments
Panel discussion

09:50 - 10:10

  • How far are banks in Australia and the rest of the world with the implementation of Basel IV?
  • The latest challenges and implications arising from Basel IV
  • How to prepare for a significant overhaul of the bank capital standards?
  • What risk is aligning to Basel IV and IRRBB
Campbell Nicoll | Moderator

Chief Risk Officer

Regional Australia Bank

Campbell Nicoll is the chief risk officer at Regional Australia Bank, having over 15 years of experience in both credit risk management and operational risk management. Campbell brings a balanced approach to risk management given his background in both risk management and corporate banking. Prior to his role at Regional Australia Bank, Campbell's roles within the financial sector includes general manager positions at ASB Bank (New Zealand) and the CRO role at the Bank of South Pacific (Fiji).

Rahul Advani

Interim Head of Public Policy, Asia Pacific

ISDA

Rahul Advani is the Interim Head of Public Policy, Asia Pacific at the International Swaps and Derivatives Association, Inc. Mr. Advani is based in Singapore and leads ISDA’s efforts for regulatory advocacy and in strengthening ISDA’s relationships in the Asia Pacific region (ex-Japan). His areas of focus include regulations for central counterparty clearing, margin requirements for uncleared derivatives, the ISDA Standard Initial Margin Model (SIMM™), and the Basel III capital framework. Prior to joining ISDA, Mr. Advani worked with Bloomberg L.P. in their offices in Mumbai, Singapore, and Hong Kong in multiple roles across valuations, business development, and sales for both exchange-traded and OTC derivative products. Mr. Advani holds a Master in Public Policy from the Lee Kuan Yew School of Public Policy in Singapore, and a Bachelor of Commerce from Mumbai University.

Sidharth Kamani

Credit Risk Manager

New Development Bank

Sidharth Kamani is an FRM certified Risk professional. He currently manages Credit Risk at New Development Bank, a multilateral institution founded by the Governments of the BRICS countries. At NDB, he is responsible for credit appraisals and pricing of the bank's lending products in hard currencies and in local currencies. Prior to his current role, he worked with Goldman Sachs in the Market risk and Treasury functions, where he gained hand-on experience working on various risk regulations such as CCAR, LCR and NSFR. Sidharth's interests lie in the areas of international finance, sovereign risk analysis, infrastructure financing and the evolving landscape of digital finance.   

Jerome Mornet

Head of Global Risk Analytics Asia Pacific

HSBC

Jerome Mornet is Regional Head of Global Risk Analytics, Asia Pacific (GRA ASP) in HSBC’s Risk Department in Hong Kong. Mr Mornet is responsible for the credit risk models covering Wholesale portfolios for regulatory capital, stress testing and IFRS9, Market and Counterparty Credit Risk models, Financial Crime Risk models for HSBC Asia Pacific.

Prior to his current role in HSBC, Mr Mornet was responsible for the Credit Risk models for ANZ Group and also worked for various large international companies including , ING and Accenture. Mr Mornet holds a master of computer science and a master of business administration.

12:1012:40

Clearing and risk management in the post-trade environment
Presentation

10:55 - 11:30

  • Current state-of- play of the clearing landscape in Australia, and impact of the non-cleared margin requirements
  • Impacts of the regulations and recent market movements for clearing risk
  • Changes in the initial margin model and likely implications for investors
  • Managing counterparty, clearing and regulatory risk in the context of expanding clearing volumes, UMR and LIBOR transition
  • Impacts of the regulations and recent market movements for clearing risk and STP operations
Vinayak Dange

Director, Product Management - Clearing

Calypso

Vinayak Dange is the Director of Product Management for Clearing at Calypso Technology. In the past 20 years, he has been involved in product management for Treasury, ALM Solutions and implemented the same at various Banks and Corporates. Currently Vinayak is in charge of building solution to handle Clearing Operations supporting Clients/House Clearing businesses for LCH, CME, ICE, Eurex, HKEX and Comder for Rates, Credit and FX products, and also builds product for listed business covering global CCPs and wide variety of products.

In the last 6 years, Vinayak spearheaded Calypso OTC and ETD Clearing solution supporting major CCPs for Clearing Operations and Regulatory Reporting, making sure straight through processing of Clearing Ops, allowing additional client clearing at lower TCO.

Prior to joining Calypso, Vinayak successfully drove development and implementation of Treasury and ALM solution for Credence Analytics and Cognizant Technology. He holds a master’s degree in Financial Accounting and Auditing from University of Mumbai.

Sophie Marnhier-Foy

Director, Product Management – Margin & Risk

Calypso

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.

12:4014:00

Lunch networking break

09:55 - 10:55

14:0014:30

Taming the green swan: incorporating climate risk into risk management
Presentation

12:00 - 12:40

  • Evolving regulatory environment and market expectations
  • Using science-based analytics for business decisions
  • Quantifying the financial impacts of climate change
Emilie Mazzacurati

Founder and Chief Executive Officer

Four Twenty Seven

Emilie Mazzacurati is the founder and CEO of Four Twenty Seven (427mt.com), a leading publisher and provider of data, market intelligence and analysis related to physical climate and environmental risks. Four Twenty Seven, an affiliate of Moody’s, provides climate risk screening for listed securities and real assets to help banks, financial institutions, corporations, and governments understand their exposure to the physical impacts of climate change and build resilience.

Emilie has published extensively on the impacts of climate change in financial markets, on climate risks disclosure (TCFD), and on adaptation finance opportunities. She also teaches at the University of California, Davis Executive MBA on Business & Climate Change. Previously, Emilie was Head of Research at Thomson Reuters Point Carbon, where she directed research and modeling on carbon pricing. She also served as a policy advisor to the Mayor of Paris on environmental policy. Emilie holds a Master’s of Political Science from the Institut d'Etudes Politiques de Paris and a Master’s of Public Policy from UC Berkeley.

Emilie is the recipient of multiple awards, including Top 100 People in Finance (2019), Berkeley Visionary Award (2016), and Cartier Women’s Initiative Award (2013). Four Twenty Seven was named 2019 Best Alternative Data Provider by Risk Magazine.

14:4015:00

Corporate governance, personal accountability and conduct risk - building resilience in your organisation
Fireside chat

15:00 - 15:20

  • Best practice of embedding a risk culture in a bank, a superannuation fund and an investment company
  • Latest developments and processes to manage conduct risk
  • Fostering good culture and prudent risk-taking behaviour
Elizabeth Sheedy

Professor, Department of Applied Finance

MACQUARIE UNIVERSITY

Professor Elizabeth Sheedy is a risk management and governance expert based at the Macquarie Applied Finance Centre. She spent her early career in the financial services sector before joining academia in the mid-90s. At Macquarie she teaches in the highly-regarded Master of Applied Finance program. Since 2012 her industry-relevant research has focused on risk culture, governance and remuneration in the context of financial institutions. She comments regularly in the media on the topic of financial services misconduct.

Alison Telfer

Managing Director, Chief Operating Officer, General Counsel & Head of Public Policy

BlackRock

Alison Telfer, Managing Director is Chief Operating Officer, General Counsel & Head of Public Policy for BlackRock Australasia. Alison is also a member of the BlackRock Australian Board and Steering Committee. Alison holds seats on the strategy, product development, funds oversight and risk and controls committees. Alison is the executive sponsor for the Australian branch of BlackRock’s Womens’ Initiative and philanthropic committee.

Prior to joining BlackRock in 2013, Ms Telfer held various senior positions over more than 9 years with Challenger Financial Services, initially in the position of senior legal counsel and later as Director, Specialised Product. In this latter role Ms Telfer was responsible for co-investment for the annuity balance sheet across equities, fixed income, infrastructure and real estate. Prior to joining Challenger Financial Services, Ms Telfer held the position of Senior Associate with Blake Dawson Waldron and prior to that, Mallesons Stephen Jaques specialising in asset management, tax and intellectual property law.

Ms Telfer holds a BA (communications)/LLB from Macquarie University and is admitted to practice as a solicitor in NSW.

 

15:0015:05

Closing remarks

14:50 - 14:55

15:0515:05

End of Risk Australia virtual conference

11:30 - 11:31