From strategy to success: Q4/23
From strategy to success: effective planning and project management in central banking
Chair and speakers
![](/sites/default/files/styles/people_image_250x250/public/2024-04/Andrea%20Clarke%20picture.png.webp?itok=4EA2ALSm)
Chair: Andrea Clarke
Chief strategy officer
Bank of Jamaica
Mrs. Andrea Clarke, Chief Strategy Officer, Bank of Jamaica is a seasoned central banker with over thirty years’ experience working in both private and public sectors.
Andrea holds the position of Chief Strategy Officer tasked with the principal responsibility for leading Bank of Jamaica’s strategic planning and project management functions. Since her assignment to this role in 2019, she has been successful in formally developing the operations of the Strategic Planning and Project Management Centre, formalizing strategic planning and project management standards across the Bank, as well as currently leading several critical strategic projects to include Jamaica’s transition to the Twin Peaks financial regulatory model.
Amongst her accreditations are a Master of Business Administration Degree from the University of New Orleans; a Bachelor of Science Degree in Management Studies & Accounting from the University of the West Indies; Senior Certified Professional in Human Resources designation (SHRM-SCP); Balanced Scorecard Professional (BSP) designation from the Balanced Scorecard Institute, USA and the Project Management Professional (PMP) certification.
![Marko Skreb Thumbnail](/sites/default/files/styles/people_image_250x250/public/2018-09/Marko%20Skreb.jpg.webp?h=633c622e&itok=93h-ZQyD)
Marko Škreb
Former governor
Croatian National Bank
Marko Škreb is a former governor of the Croatian National Bank. Currently he is Central banking lead on a Financial sector reform project (FINRA) in Bosnia and Herzegovina, financed by USAID. Before that he was resident project manager for Canada-IMF Capacity building project at the National Bank of Ukraine. He moved to Kyiv from his position as advisor at the International Monetary Fund’s Regional Technical Assistance centre in Accra, Ghana. Before that, he was chief economist and strategist at the second largest commercial bank in Croatia. Mr. Skreb started his professional career teaching at the University of Zagreb. Following academic vocation he joined the Croatian central bank, first as research and statistics director and later on as governor (from 1996 to 2000). In 1997 he was awarded the Central European Annual Awards for Excellence - Best Central Bank Governor by the Banker. Since 2000 he worked as a consultant for the International Monetary Fund and the World Bank in numerous countries, mostly in South-East Europe. He also worked at the Independent Evaluation Office of the IMF in Washington DC in the period 2004-2005. Mr Škreb published a number of articles and edited books, focusing on transition questions and financial issues.
![](/sites/default/files/styles/people_image_250x250/public/2021-10/Coralia_Bulhoes.jpg.webp?itok=EPbBBXzh)
Coralia Bulhoes
Chief financial officer
Bank of Canada
Coralia Bulhoes was appointed Chief Financial Officer (CFO) and Managing Director (MD) of Financial Services, effective March 2020. In this capacity, she is responsible for the Bank’s financial framework: from implementing the corporate planning cycle to delivering all accounting and financial reporting services. She provides business support to the Executive Leadership team and is a member of the Management Council.
Ms. Bulhoes brings to the Bank more than 18 years of leadership experience in corporate services and business management. She was previously Chief Operating Officer (COO) at the Federation of Canadian Municipalities (FCM), a role she had held since 2006. Prior to assuming the COO role, she was FCM’s Director of Finance.
Ms. Bulhoes is a Chartered Professional Accountant and has a Bachelor’s degree in Accounting from the Université du Québec en Outaouais.
![](/sites/default/files/styles/people_image_250x250/public/2021-10/Kanagalingam.jpg.webp?h=fb530660&itok=g4Vo5PpM)
Amirthlingam Kanagalingam
Deputy director, business technology
Bank Negara Malaysia
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.
![](/sites/default/files/styles/people_image_250x250/public/2023-10/Enrico-Bernardini.jpg.webp?h=312d414b&itok=roK2ba_E)
Enrico Bernardini
Deputy head, climate change and sustainability hub
Banca d’Italia
Enrico Bernardini currently works at the Climate and Sustainability Hub of Banca d'Italia after almost twenty years at Financial Risk Management Directorate, Banca d'Italia. Some recent publications are 'The impact of carbon risk on stock returns: Evidence from the European electric utilities' and 'Mind the gap: Machine Learning, ESG metrics and portfolio construction'. Research interests are in sustainable investments, ESG data and integration into portfolio management, climate risk assessment.
![](/sites/default/files/styles/people_image_250x250/public/2022-04/Per%20Nymand-Andersen%20.jpg.webp?itok=ty4moN0B)
Per Nymand-Andersen
Emeritus adviser
European Central Bank
Per Nymand-Andersen has over 25 years of Central Banking Experiences and was part of creating and developing the European Central Bank from scratch. Per has developed his expertise in banking and financial markets, fintech, data science, communications, securities settlement systems, statistics and Management.
Per holds several Fintech/data science Advisor Board positions in private and simi-public organisations. Per is a Lecture at Goethe-Universität Frankfurt and is a frequent speaker at international events and author of several publications/articles regarding financial markets, data science, communication and statistics. His recent renown book “Data science in Economics and Finance for Decision Makers” was published by Riskbooks.com.
Prior to joining the ECB, he provided market research consultancy services for the European Commission, Luxembourg.
Per has an MBA in Economics and Management Science from Copenhagen Business School, Denmark and has a Fintech certificate from Harvard University.
Per speaks four languages (English, German, French and Danish).
Further details: https://www.linkedin.com/in/per-nymand-andersen-81609913
![](/sites/default/files/styles/people_image_250x250/public/2023-03/Maksym.jpg.webp?h=eff6793a&itok=sCjC5hEy)
Maksym Komarov
Former head of strategic analysis
National Bank of Ukraine
Maksym Komarov joined the National Bank of Ukraine in 2018 and took part in the elaboration of strategic planning functions and functional strategies. He also developed and implemented new methodology for the formation of Yearly Goals, established three levels of indicators for each strategic goal, and compiled monitoring reports for the NBU Board. In 2019, he established international roundtable dedicated to strategic planning in Central Banks and financial sector regulators.
Maksym has excellent knowledge and experience in the fields of strategic planning, implementation of key performance indicators, and carrying out organizational and structural changes, which he gained while working for Barclays Bank in London.
Maksym Komarov graduated from the National University of Kyiv-Mohyla Academy with a Master’s degree in Finance and Credit and obtained a Post Graduate Certificate in International Business Practice from St Mary's University in Twickenham in the UK.
![](/sites/default/files/styles/people_image_250x250/public/2022-09/ghiath-shabsigh-imf.jpg.webp?h=83bea889&itok=nkfCU2Jh)
Ghiath Shabsigh
Former assistant director, monetary and capital markets
International Monetary Fund
Dr. Shabsigh is an economist with broad experience in financial sector issues. Over the past ten years, he led the IMF’s work on central banking and fintech, including most recently on assessing the impact of artificial intelligence (AI) on the financial sector. His previous responsibilities included working on economic reform programs, financial sector development and capacity building, and financial stability assessments in a wide range of countries from low-income to advanced economies. His previous work experience includes working as a financial analyst and university lecturer.
Dr. Shabsigh holds a Ph.D. degree in Monetary Economics and International Finance, a MA in Economic Development, a B.Sc. in Economics and Business, and several professional qualifications in banking and securities market operations.
![](/sites/default/files/styles/people_image_250x250/public/2023-11/Olgak.jpeg.webp?h=ff07e695&itok=5hkfOnFW)
Olga Kardashevska
Head of strategic planning
National Bank of Ukraine
Olga Kardashevska has 19 years of experience in the banking sector of Ukraine, joined National Bank of Ukraine in 2017, organized the development of several institutional strategies of the NBU and the strategies of Ukrainian financial sector development, both before and during the war, monitoring of its implementation, external and internal communications. Was the secretary of the Financial Sector Reform Task Force and organized coordination with state and public institutions, with the Ukrainian Parliament in terms of adoption of new financial sector legislation. Organizes the work of the Financial Development Committee under the Financial Stability Council of Ukraine.
Olga has excellent knowledge and experience in the fields of strategic planning and analysis, certified in Strategic Management (IFA, GB). Since 2022 she is acting head of the strategic analysis & planning team.
Olga Kardashevska graduated from the Taras Shevchenko National University of Kyiv with a Master’s degree in Economic Cybernetics.
Agenda
13:00 – 13:15
Strategic planning: an introduction
Course introduction session led by the chair
13:00 - 13:15
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Introductions and welcome from the chairperson
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Overview of the training course
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Discussion of the participant expectations
Mrs. Andrea Clarke, Chief Strategy Officer, Bank of Jamaica is a seasoned central banker with over thirty years’ experience working in both private and public sectors.
Andrea holds the position of Chief Strategy Officer tasked with the principal responsibility for leading Bank of Jamaica’s strategic planning and project management functions. Since her assignment to this role in 2019, she has been successful in formally developing the operations of the Strategic Planning and Project Management Centre, formalizing strategic planning and project management standards across the Bank, as well as currently leading several critical strategic projects to include Jamaica’s transition to the Twin Peaks financial regulatory model.
Amongst her accreditations are a Master of Business Administration Degree from the University of New Orleans; a Bachelor of Science Degree in Management Studies & Accounting from the University of the West Indies; Senior Certified Professional in Human Resources designation (SHRM-SCP); Balanced Scorecard Professional (BSP) designation from the Balanced Scorecard Institute, USA and the Project Management Professional (PMP) certification.
13:15 – 14:15
Strategic planning for central banks
13:15 - 14:15
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Resiliency and consequences
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New strategy of the NBU at the wartime and after war recovery
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Steps to improve institutional management
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Obstacles encountered and setting key objectives
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Discussion: Strategic development of organisations
Maksym Komarov joined the National Bank of Ukraine in 2018 and took part in the elaboration of strategic planning functions and functional strategies. He also developed and implemented new methodology for the formation of Yearly Goals, established three levels of indicators for each strategic goal, and compiled monitoring reports for the NBU Board. In 2019, he established international roundtable dedicated to strategic planning in Central Banks and financial sector regulators.
Maksym has excellent knowledge and experience in the fields of strategic planning, implementation of key performance indicators, and carrying out organizational and structural changes, which he gained while working for Barclays Bank in London.
Maksym Komarov graduated from the National University of Kyiv-Mohyla Academy with a Master’s degree in Finance and Credit and obtained a Post Graduate Certificate in International Business Practice from St Mary's University in Twickenham in the UK.
14:15 – 15:00
Operating in a multi-mandate environment: a governor’s perspective
03:00 - 04:00
- Overview of central banks evolving mandate in 2024
- Implication for external responsibilities and internal functioning
- Impacts of the evolving mandates and what this means for the central bank
- Discussion: experiences from participants’ home jurisdictions
Marko Škreb is a former governor of the Croatian National Bank. Currently he is Central banking lead on a Financial sector reform project (FINRA) in Bosnia and Herzegovina, financed by USAID. Before that he was resident project manager for Canada-IMF Capacity building project at the National Bank of Ukraine. He moved to Kyiv from his position as advisor at the International Monetary Fund’s Regional Technical Assistance centre in Accra, Ghana. Before that, he was chief economist and strategist at the second largest commercial bank in Croatia. Mr. Skreb started his professional career teaching at the University of Zagreb. Following academic vocation he joined the Croatian central bank, first as research and statistics director and later on as governor (from 1996 to 2000). In 1997 he was awarded the Central European Annual Awards for Excellence - Best Central Bank Governor by the Banker. Since 2000 he worked as a consultant for the International Monetary Fund and the World Bank in numerous countries, mostly in South-East Europe. He also worked at the Independent Evaluation Office of the IMF in Washington DC in the period 2004-2005. Mr Škreb published a number of articles and edited books, focusing on transition questions and financial issues.
15:00 – 16:00
Designing the strategic plan: key building blocks, focus areas and performance indicators
15:00 - 16:00
- The evolution of strategy planning and management as an internal function
- Key features of the building blocks of strategy design
- Examples of innovative approaches to strategic planning and management
- Indicators and matrixes for continuous assessment of strategic objectives
Mrs. Andrea Clarke, Chief Strategy Officer, Bank of Jamaica is a seasoned central banker with over thirty years’ experience working in both private and public sectors.
Andrea holds the position of Chief Strategy Officer tasked with the principal responsibility for leading Bank of Jamaica’s strategic planning and project management functions. Since her assignment to this role in 2019, she has been successful in formally developing the operations of the Strategic Planning and Project Management Centre, formalizing strategic planning and project management standards across the Bank, as well as currently leading several critical strategic projects to include Jamaica’s transition to the Twin Peaks financial regulatory model.
Amongst her accreditations are a Master of Business Administration Degree from the University of New Orleans; a Bachelor of Science Degree in Management Studies & Accounting from the University of the West Indies; Senior Certified Professional in Human Resources designation (SHRM-SCP); Balanced Scorecard Professional (BSP) designation from the Balanced Scorecard Institute, USA and the Project Management Professional (PMP) certification.
13:00 – 13:45
Strategic planning: how to be agile in an evolving world
13:00 - 13:45
- Overview of the ways in which the pandemic has changed the way central banks work
- Developing a more agile strategic plan
- Challenges and opportunities for central banks going forward
- How to measure progress and make an impact
Coralia Bulhoes was appointed Chief Financial Officer (CFO) and Managing Director (MD) of Financial Services, effective March 2020. In this capacity, she is responsible for the Bank’s financial framework: from implementing the corporate planning cycle to delivering all accounting and financial reporting services. She provides business support to the Executive Leadership team and is a member of the Management Council.
Ms. Bulhoes brings to the Bank more than 18 years of leadership experience in corporate services and business management. She was previously Chief Operating Officer (COO) at the Federation of Canadian Municipalities (FCM), a role she had held since 2006. Prior to assuming the COO role, she was FCM’s Director of Finance.
Ms. Bulhoes is a Chartered Professional Accountant and has a Bachelor’s degree in Accounting from the Université du Québec en Outaouais.
13:45 – 14:30
Building organisational resilience: the role of strategic planning
12:00 - 13:00
- Key features of organisational resilience as a strategic goal
- Impact of factors such as corporate culture, risk appetite and risk tolerance
- Examples of tools and frameworks for strategic monitoring and continuous assessment
- Role of interdepartmental cooperation and coordination
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.
14:30 – 15:00
Workshop/group discussion
14:30 - 15:00
- What are your experiences of digital transformation?
- What are you putting in place to be more agile?
Mrs. Andrea Clarke, Chief Strategy Officer, Bank of Jamaica is a seasoned central banker with over thirty years’ experience working in both private and public sectors.
Andrea holds the position of Chief Strategy Officer tasked with the principal responsibility for leading Bank of Jamaica’s strategic planning and project management functions. Since her assignment to this role in 2019, she has been successful in formally developing the operations of the Strategic Planning and Project Management Centre, formalizing strategic planning and project management standards across the Bank, as well as currently leading several critical strategic projects to include Jamaica’s transition to the Twin Peaks financial regulatory model.
Amongst her accreditations are a Master of Business Administration Degree from the University of New Orleans; a Bachelor of Science Degree in Management Studies & Accounting from the University of the West Indies; Senior Certified Professional in Human Resources designation (SHRM-SCP); Balanced Scorecard Professional (BSP) designation from the Balanced Scorecard Institute, USA and the Project Management Professional (PMP) certification.
15:00 – 16:00
Fintech and CBDC as a strategic focus of central banks
15:00 - 16:00
- The role of fintech and CBDC as part of a central bank's strategic focus
- The South African Reserve Bank's strategic plan for accelerating fintech initiatives
- Coordination with various departments in achieving fintech and CBDC objectives
- Financial technology - a crucial role in strategic innovation and regulation for central banks
Lyle Horsley was appointed as the Divisional Head of the Fintech Unit at the South African Reserve Bank (SARB) in November 2021. Lyle previously worked as a lead policy specialist in the Prudential Authority at the SARB, with a focus on policy and regulatory matters in banking and financial markets. Lyle is an admitted attorney and conveyancer in South Africa, having obtained her Bachelor of Laws degree from the University of Cape Town and her Master of Laws (cum laude) degree from the University of Witwatersrand. Lyle has also served as a researcher to former Chief Justice Pius Langa at the South African Constitutional Court and worked as a senior associate at one of Africa’s leading law firms, Cliffe Dekker Hofmeyr, in South Africa. Lyle recently completed the Cambridge SupTech Lab Innovation Leadership Programme by the Cambridge SupTech Lab at the Cambridge Centre for Alternative Finance, Cambridge Judge Business School. Lyle currently also serves as the chairperson of the Intergovernmental Fintech Working Group (IFWG) in South Africa.
13:00 – 13:45
Towards sustainability: should central banks be considering ESG as part of their strategic plan?
13:00 - 13:45
- Understanding the connection between central banking and climate and ESG-related risks
- A framework for thinking about climate-related risks and their impact
- Implications for policymaking, operations and governance
- What this means for strategic planning: avenues, challenges and practical experiences
Enrico Bernardini currently works at the Climate and Sustainability Hub of Banca d'Italia after almost twenty years at Financial Risk Management Directorate, Banca d'Italia. Some recent publications are 'The impact of carbon risk on stock returns: Evidence from the European electric utilities' and 'Mind the gap: Machine Learning, ESG metrics and portfolio construction'. Research interests are in sustainable investments, ESG data and integration into portfolio management, climate risk assessment.
13:45 – 14:30
Making the most of big data and advanced analytics
13:45 - 14:30
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State of the art of big data and advanced analytics
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Examples of applications in central banking and supervision
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Overview of opportunities for strategic planning and management
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Implications for resourcing and institutional organisation
Per Nymand-Andersen has over 25 years of Central Banking Experiences and was part of creating and developing the European Central Bank from scratch. Per has developed his expertise in banking and financial markets, fintech, data science, communications, securities settlement systems, statistics and Management.
Per holds several Fintech/data science Advisor Board positions in private and simi-public organisations. Per is a Lecture at Goethe-Universität Frankfurt and is a frequent speaker at international events and author of several publications/articles regarding financial markets, data science, communication and statistics. His recent renown book “Data science in Economics and Finance for Decision Makers” was published by Riskbooks.com.
Prior to joining the ECB, he provided market research consultancy services for the European Commission, Luxembourg.
Per has an MBA in Economics and Management Science from Copenhagen Business School, Denmark and has a Fintech certificate from Harvard University.
Per speaks four languages (English, German, French and Danish).
Further details: https://www.linkedin.com/in/per-nymand-andersen-81609913
14:30 – 15:15
How to effectively communicate the strategic plan
14:30 - 15:15
- Key features of effective internal communication
- Сo-ordination of work and internal communications during strategy development
- Internal communications during strategy implementation
- Examples of methods for communication
Olga Kardashevska has 19 years of experience in the banking sector of Ukraine, joined National Bank of Ukraine in 2017, organized the development of several institutional strategies of the NBU and the strategies of Ukrainian financial sector development, both before and during the war, monitoring of its implementation, external and internal communications. Was the secretary of the Financial Sector Reform Task Force and organized coordination with state and public institutions, with the Ukrainian Parliament in terms of adoption of new financial sector legislation. Organizes the work of the Financial Development Committee under the Financial Stability Council of Ukraine.
Olga has excellent knowledge and experience in the fields of strategic planning and analysis, certified in Strategic Management (IFA, GB). Since 2022 she is acting head of the strategic analysis & planning team.
Olga Kardashevska graduated from the Taras Shevchenko National University of Kyiv with a Master’s degree in Economic Cybernetics.
15:15 – 16:00
Closing remarks and delegate action plans
Concluding session led by the chair
13:00 - 13:30
- Summary of the course
- Discussion of the observed trends and case studies
- Application of learning points in the delegates’ home organisations
- Preparation of action points
Two weeks prior to your training course you will be given access to course materials. There will be a combination of articles, reports and presentations that will contribute to two hours of preparation time for the live content. Presentations for the sessions will also be held here subject to the speaker approval.
Learning outcomes
At the conclusion of the training, participants will be able to:
- Acquire an understanding of key emerging factors influencing strategic managers' roles in 2023 and beyond
- Recognise methods for integrating new tasks and duties effectively
- Comprehend the synchronisation of risk management and strategic blueprinting
- Draw valuable lessons from the global pandemic and apply them to practical situations and decision-making
- Create plans for climate integration, CBDC, and Fintech progression