Risk management for central banks Q4/23

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.

Gabriel Andrade is the head of the Risk Management Department at Banco de Portugal, which he has been responsible for since October 2014. He is currently the Chair of the Eurosystem Resilience Task Force He is also a member of the International Operational Risk Working Group (IORWG) and works regularly in technical assistance missions of the International Monetary Fund (IMF) to Central Banks. From 1987 to 2013, Mr. Andrade worked in the private banking sector, including 20 years with Barclays Bank. He holds an Economics degree from the Lisbon School of Economics (ISE), as well as numerous post-graduate degrees elsewhere, including Universidade Católica Portuguesa (UCP), AESE Business school (AESE / IESE) and Universidade Nova de Lisboa (UNL).

Paul Chammas is a Technology Risk & Cybersecurity Consultant and Auditor, with more than 12 years of experience within big consulting firms. He co-founded in 2018 CLARICE, a startup specialized in Innovation & Risk Management, then co-founded in 2021 QuRISK, a startup specialized in Quantum Computing & Risk Management.

Paul holds a Telecommunication Engineering diploma from EFREI Paris and an Advanced Master in Technology Management from HEC Paris. Paul is certified CISA, CRISC and ISO27005.

Greg Carpenter is the AVP of Unified Communications for the Federal Reserve. His previous roles span across multiple government organizations including The Federal Reserve Bank of Cleveland, NASA, United States Army Space Command, and United States Air Force Space Command. In these organizations Greg has led risk management, information security, and business continuity functions. The blend of Greg’s background and a focus on customer experience provides a unique perspective to risk management and technology survivability approaches.

Kanagalingam is currently a Deputy Director in the Business Technology Department of Bank Negara Malaysia. He is responsible for strategy and governance matters, with a focus on planning, performance and change management. Before this he was responsible for the Central Bank’s organisational strategy and business planning function. He joined the Bank in 1990 and over the 30 years has served in several capacities, including bank supervision, crisis management, international capacity building and organizational development. He holds an MBA from London Business School.

José graduated in Civil Engineering from Universidade Federal de Pernambuco (1998), an MSc from the Universidade de Brasilia (2002) and doctorate in Business Administration and Quantitative Methods - Universidad Carlos III de Madrid (2007). He is a FRM (Financial Risk Manager) certified by GARP - Global Association of Risk Professionals and is currently Head of the Risk Department at the Central Bank of Brazil. His line of research is related to the strategic asset allocation, portfolio optimization, risk management and behavioral finance.  José has published several papers in internationally recognized journals such as: Journal of Banking and Finance, International Journal of Finance and Economics, Applied Financial Economics, European Journal of Finance and Journal of Risk Management in Financial Institutions.

Pierre Siklos received his PhD in 1981. He specializes in macroeconomics with an emphasis on the study of inflation, central banks, and financial markets. His research has been published in a variety of institutions and central banks. He has also been a visiting lecturer at several universities around Europe and North America, Australia, and New Zealand. His research has been funded by domestic and international agencies. In 1999, he was Erskine Fellow at the University of Canterbury, New Zealand, and in 2009, was William Evans Fellow at the University of Otago, Dunedin, New Zealand. In 2008 he was Chairholder of the Bundesbank Foundation of International Monetary Economics at the Freie Universität, Berlin. Since 2008, he has been a member of the C.D. Howe Institute's Monetary Policy Council, where he has been a Research Fellow since Aug. 2010. He is also a Senior Fellow at the Centre for International Governance Innovation (CIGI).

In 2015, he was a Visiting Research Fellow at the Bank for International Settlements; a National Fellow at the Hoover Institution, Stanford University; a Visiting Fellow at the University of Tasmania; and a visiting Researcher at the Bank of Japan. He was WLU's University Research Professor for the academic year 2000-2001, and was Director of the Viessmann European Research Centre from 2005-2014.