RiskTech: New Opportunities in Treasury, Risk and Compliance Technology

RiskTech: New Opportunities in Treasury, Risk and Compliance Technology

RiskTech: New Opportunities in Treasury, Risk and Compliance Technology

Course chair: Eric Wolfe, former Deputy Managing Director, Funds Management and Banking Department, Bank of Canada

 

Tuesday - 21 May 2019

The Payments Revolution in Focus

The evolution of risk management in central banks

Eric Wolfe, former Deputy Managing Director, Funds Management and Banking Department, Bank of Canada

  • Evolution of the risk management function in central banks
  • Overview of the emerging risks in 2019
  • Key components of a robust and responsive risk management framework
  • Discussion: What is the role of the risk management department in a modern central bank?

RiskTech: making the most of disruptive innovation

Evangelos Tabakis, Head of Risk Management & Compliance, The Central Bank of the United Arab Emirates 

  • The state of the art of RiskTech
  • Impact of disruptive innovation on risk management frameworks and strategies
  • Overview of key technologies in the areas of DLT, Big Data analytics, Machine Learning and Cloud Computing
  • Discussion: What does it take to manage innovation?

Case study: utilising automation and smart tools for greater efficiency

Eckart Koerner, Chief Risk Officer, Clearstream

  • Examples of RiskTech applications for governance and compliance procedures
  • Overview of smart tools for a more effective detection, management and containment of different types of risk
  • Tips for making the most of the new opportunities in the area of robotics
  • Discussion: How to manage the key risks of RiskTech?

Wednesday - 22 May 2019

Applications of RiskTech across Front, Middle and Back-office Functions

Institutional restructuring: new roles and responsibilities in risk departments

Rajosik Banerjee, Partner and Head Financial Risk Management, KPMG India

  • Evolution of the institutional organisation of risk management departments in central banks
  • Overview of new roles, functions and responsibilities
  • Tips for successfully integrating new (technology based) tools and practices into existing frameworks
  • Case study: Reforming the risk management department at the Reserve Bank of India

Restructuring risk and treasury functions

Pascal Vogt, Associate Director, The Boston Consulting Group (BCG) 

  • Overview of the evolution of risk and treasury functions since the financial crisis  
  • Trends and dynamics of regulatory developments for central bankers in the last decade
  • Impact of regulation on strategic and operational planning for banks portfolios
  • Hands on exercise: how can we effectively track and comply with regulation and ensure it remains high on banks agenda?

Using Machine Learning in portfolio techniques and treasury operations

Sidhartha Dash, Research Director, Chartis Research 

  • The state of the art of Artificial Intelligence and Machine Learning
  • Overview of the key applications in the official sector and central banking
  • Impact, risks and opportunities for treasury operations and risk metrics including counterparty concentration
  • Examples of Machine Learning based models and techniques for portfolio construction and optimisation

Making the most of Big Data analytics in trading, risk and liquidity management

Sidhartha Dash, Research Director, Chartis Research 

  • Evolution of Big Data analytics
  • Overview of applications for effective management of different types of financial risks
  • Examples of Big Data based trading platforms
  • Case study: Using Big Data to monitor liquidity and visualise risk concentration

Digital risk and treasury – increasing technology usage and risk management

Pascal Vogt, Associate Director, Boston Consulting Group (BCG)

  • Overview of the digitisation of banking on a micro- and macro-level
  • Challenges and opportunities of integrating new technologies into existing frameworks
  • Impact of digitalisation on risk and treasury functions: increasing efficiency
  • Discussion: how can treasuries effectively embrace digitalisation to reduce their operating costs?

Thursday - 23 May 2019

Emerging Risks in Focus

Identifying and managing non-financial risks of disruptive innovation

Ardian Fullani, former Governor, Bank of Albania

  • Overview of key operational, legal and ethical risks associated with disruptive innovation
  • Examples of frameworks and strategies for effective management of non-financial risks
  • The role and potential of RiskTech solutions
  • Discussion: How to integrate innovation into risk culture?

Decision support systems – monitoring financial stability

David Bolder, Head of Model Risk and Governance Function, Chief Risk Office, World Bank

  • Key features of ‘build vs. buy’: inhouse or outsourcing?
  • Examples of inhouse building and language: how to choose the right scripting language
  • Methods and tools of commodity and specialised analytics
  • Hands on exercise: What is the difference between C++ and MATLAB, when to use one rather than the other, and why does it matter?

What are the implications and opportunities of central bank digital currencies (CBDC) for markets and portfolios?

Ben Dyson, Manager, Digital Currencies Team, Bank of England

  • Differences and overlaps between privately issued crypto assets and central bank digital currencies (CBDC)
  • Overview of the key CBDC projects across the globe
  • Implications for the work of risk managers at central banks
  • Opportunities and challenges for reserve management frameworks and strategies

Friday - 24 May 2019

RiskTech and Strategic Planning: Mutual Enablers

Future challenges for central bankers: short and medium term

David Bolder, Head of Model Risk and Governance Function, Chief Risk Office, World Bank

  • Overview of the LIBOR reform and replacement issues
  • Disruptive technology and machine learning: avoiding pitfalls
  • Implications for model and operational risk
  • Discussion: how can central bankers prepare for the future with the resources they have?

Workshop: what next for risk management?

Eric Wolfe, former Deputy Managing Director, Funds Management and Banking Department, Bank of Canada

  • Key expectations in relation to the risk management functions for 2020 and beyond
  • Trends and dynamics of roadmaps and frameworks helping to adjust the medium and long term strategy
  • Challenges and opportunities for leaders
  • Hands on exercise: Building a risk management framework for 2020

Chair’s conclusions and delegates’ action points

Led by the chair, Eric Wolfe

  • Summary of the training course
  • Discussion of the observed trends and case studies
  • Application of learning points in the delegates’ home organisations
  • Preparation of action points