EY - A  fundamental shift: risk transformation for banks

Eighth annual EY/IIF global bank risk management survey webcast

A fundamental shift: risk transformation for banks

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Global banks are on a risk transformation journey, with the first phase — Restore — being a response to regulation and (re)building of trust. Today, banks are in the second phase — Rationalize — where the main focus is on cultivating a digital migration strategy within a compliance framework. In the final phase — Reinvent — banks will recognize true transformation of risk management, moving from being a spectator of digital transformation to being an enabler and driver of innovation.

Where is your organization in this journey?

On October 18, 2017, EY will present the findings from our 8th annual EY/IIF global bank risk management survey. We will be discussing the five broad challenges that banks must navigate along the risk management journey:

  • Managing emerging risks and increased competition
  • Leading a digital transformation of risk management
  • Operationalizing the three-lines-of-defense model
  • Managing non-financial risks cost-effectively
  • Staying resilient and protecting against cyber risks

Panelists

EY - Henrik Axelsen

Henrik Axelsen

EY

Henrik Axelsen is Partner in the Financial Services Risk Practice of Ernst & Young, based in London and heading up our European Banking Union Centre, which covers supervisory agendas related to the European Single Supervisory and Single Resolution Mechanisms (SSM/SRM), serving both supervisors and significant banks in the Eurosystem. In addition Henrik leads our EY EMEIA Prudential practice.

Before moving to London Henrik was responsible for EY’s Nordic Risk Management Practice as well as the EY Denmark Advisory Practice. He has extensive experience on advising clients and their boards on prudential matters.

Henrik holds a Master in Law from University of Copenhagen and an MBA from Copenhagen Business School. He is trained as a lawyer and admitted to the Danish High Courts.

EY - Amy Gennarini

Amy Gennarini

EY

Amy Gennarini is a Principal in the Advisory Services Practice of Ernst & Young LLP.  Amy specializes in complex regulatory, compliance, and IT assessment and transformation projects, helping clients reduce regulatory risk and improve how their IT capability adds value to their business.  Amy currently is the IT Advisory leader for the EY Protecting the Enterprise offering, bringing innovative technical solutions to solve risk and compliance issues.  Additionally, Amy has extensive experience in tying the systems development life cycle (SDLC) and agile methodology to regulatory and risk management initiatives, including vendor selection, business and technical requirements definition, configuration and development processes, and large scale testing program execution.  Amy’s experience includes leading teams on and off-shore to design and develop automated testing processes and systems to comply with regulations.

Amy has over 14 years of professional experience working with Fortune 100 companies in the financial services industry.  Amy was recently named as one of Consulting Magazine’s “2016 Rising Stars of the Profession: Thirty Five Under 35”.

EY - Andrés Portilla

Andrés Portilla

Institute of International Finance (IIF)

Andrés Portilla is the Managing Director of the Regulatory Affairs Department at the IIF. He is in charge of leading the activities of the Regulatory Affairs department which cover a wide range of issues, including topics related to prudential standards (both on capital and liquidity) for banks and insurance companies, systemic risk, resolution, financial infrastructure, international accounting, securities and issues around emerging markets regulatory practice. The Department also spearheads the dialogue and interaction with international regulators and policy makers in the above areas.

Andrés has over 23 years of experience on financial regulatory issues. In his native country, Colombia, he occupied positions in the regulatory affairs departments at the national Banking Association as well as commercial financial institutions. He also practiced law in the area of banking and financial markets.

Andrés holds a JD and a Specialized Degree on Banking Law from University of Rosario in Colombia, a Masters in Comparative Law LL.M from Pennsylvania State University in the US and a MBA from Bocconi University in Italy.

EY - Mark Watson

Mark Watson

EY

Mark Watson is an Executive Director in the Ernst & Young LLP Financial Services advisory practice. His main area of focus is risk governance, including corporate governance, risk culture, risk accountability and risk oversight. He has over 20 years of experience in financial services, working globally on banking and insurance. Since joining the firm, Mark has focused on working with the EY Global Regulatory Network in engaging regulators on cybersecurity and emerging trends, notably in risk, compliance and insurance regulation. He also lead the EY Global Risk Governance 2020 initiative, including developing integrated approaches to risk governance; an approach to realigning the three-line-of-defense model with new regulatory thinking and addressing nonfinancial risks (e.g., conduct, operational risk); future of internal audit. Mark was also part of the Ernst & Young LLP leadership team for integrated cyber risk management offering, with a strong focus on board, second-line (risk and compliance) and third-line roles/approaches in cyber risks.

Mark is a board member of the Concord Education Fund and Institute of Nonprofit Management and Leadership.

EY - Samir Nangea

Samir Nangea

EY

Samir Nangea is a Principal and the EY Americas Financial Services Advisory Risk Leader, serving clients’ across the risk agenda in the banking/capital markets, insurance, and wealth and asset management sectors. He has served a variety of financial services clients and has extensive experience in advisory and management consulting, risk management, regulatory and related technology matters. He has also served as the global client service leader for large financial services clients and in consulting/practice leadership roles.

Moderator

EY - Tom Campanile

Tom Campanile

EY

Tom Campanile is a Partner in the Financial Services Office of Ernst & Young LLP. He has more than 20 years of experience in providing a broad range of business and risk advisory services to a number of clients in the banking and capital markets, insurance and asset management sectors. Tom has extensive knowledge of front-office, compliance, operational and enterprise risk management leading practices in banking, as well as deep experience applying these practices to banking, insurance and capital markets products and processes.

Tom has led a variety of projects focused on the benchmark of risk management and governance processes against industry peer group leading practices, and advised on the implementation and remediation of frameworks and tools to support risk management requirements at both the enterprise and line of business level.

Tom is a graduate of New York University's Stern School of Business and is a Certified Public Accountant in the state of New York.