Risks and Opportunity

Managing in a world of innovation, disruption and threat.
3 October 2018  |  Toronto Region Board of Trade
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A one-day deep-dive into the business of risk

Bringing together world-renowned speakers, industry experts, and academics from all facets of the financial services industry to explore emerging opportunities in the world of financial risk.
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ANNUAL CONFERENCE ON RISK MANAGEMENT

From regulation and governance to cutting-edge technologies and emerging threats, it’s a cannot miss gathering of financial services executives.

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This Years Sponsors

The sponsors for GRI’s 2018 Annual Conference on Risk & Opportunity are:

WHAT TO EXPECT?

The 2018 agenda offers thought-provoking discussions and immersive hands-on demonstrations from a roster of world-class speakers, from both industry and academia with an exchange of ideas and perspectives on topics such as;

  • The future of digital banking
  • Data Security & Privacy 
  • Changing Landscape of Risk
  • Risk Impacts of Climate Change
  • Risk & Reward of Technological Innovation
  • Digital innovation in the insurance sector
  • Robo Advisers & Artificial Intelligence in Wealth Management

WHO'S ATTENDING

245 Individuals attended last year representing 50 financial services organizations


Roughly 93% of attendees were senior decision makers

Banks
Government / Regulators
Insurance
Pension / Investment Mgmt
Academic / Research Institutes
Consultants
Associations
FINTECHs
The conference runs all day Wednesday, October 3rd, from 8am to 3:30pm.
We provide lunch and coffee breaks throughout the day.
1. Morning Sessions
8:00am - 10:30am
2. Risk Workshops
10:30am - 11:45am
3. Lunch Time session
12:15pm - 1:15pm
4. Afternoon Sessions
1:15pm - 3:45pm
Post-Conference
15:45pm

Morning Featured Speaker

Dr. Robert Engle, The Michael Armellino Professor of Finance at New York University Stern School of Business & 2003 Nobel Laureate in Economics


PRESENTS

A Financial Approach to Climate Change - Hedging Risks


The scientific evidence is clear that the climate is changing. However, we are not sure what the economic costs associated with this change will be or what the economic benefits would be of doing something about it. Financial strategies - such as pricing environmental risk and investing in low-carbon industries - can be used to hedge against future market volatilities caused by climate change.

Questions Moderated by: Dr. Alex LaPlante, Managing Director, Research, Global Risk Institute

Morning Panel Discussion

PANEL MEMBERS
David Cluff, Executive Vice President Enterprise Risk Management & Chief Risk Officer, Home Trust Company
Puneesh Arora, Chief Risk Officer, PC Financial
Tonya Blackmore, Chief Executive Officer, Apexa
Dr. Dan Rosen, Chief Executive Officer, d1g1t Inc


Technology's Impact on Financial Services
- Newcomers, Challenges, and Opportunities


From challenger banks and online payments systems to digital wallets, apps and robo-advisors, we all agree financial services is experiencing a revolution of sorts. These fintech newcomers are creeping into the incumbent’s market share, but what impact have they had?

A panel made up of emerging bank, Fintech and Insurtech industry leaders will discuss the potential change they are seeing in consumer behavior, changes to the financial industry, as well as looking at shifts by all parties towards cooperation, partnerships and joint ventures.

Moderated by: Sheryl Kennedy, Chief Executive Officer, Promontory Financial Group Canada, an IBM Company

Risk Workshops

PREPARING FOR A WORLD OF CYBER EVENTS -
BREAKOUT SESSIONS

Cyber intrusion and cyber resilience are topics receiving tremendous attention. GRI Members have rated Cyber Risk as their top risk for two consecutive years.

Attendees have a choice of one of three workshops to attend, offering three distinct topics of importance in equipping the financial service sector for cyber readiness.


PANEL MEMBERS
Ray Boisvert, Security Advisor and Associate Deputy Minister, Government of Ontario
Annette Ryan, Assistant Associate Deputy Minister, Finance Canada
David Bruyea, Senior Vice-President, CISO/CSO, Enterprise Security and Risk Services, CIBC
Francis Castonguay, Director General, Partnerships and Risk Mitigation, Communications Security Establishment (CSE)

1. INSTITUTIONAL, NATIONAL AND INTERNATIONAL PREPAREDNESS

PANEL DISCUSSION - Join this panel discussion of policy makers and institution leaders who are working collectively to better understanding the risks and repercussions of a global, systemic cyber outage from the perspective of the Canadian financial services industry.

Moderated by: Mark Caplan, President, Global Risk Institute


PRESENTERS
Richard Nesbitt, Chief Executive Officer, Global Risk Institute
Dr. Alex LaPlante, Managing Director, Research, Global Risk Institute

2. YOU'VE BEEN HACKED - A Real World Case Study

This war game, presented by Richard Nesbitt and Dr. Alex LaPlante, will be an opportunity for frank discussion about crisis preparedness and the ability to contain risk.


PANEL MEMBERS
Gregory Eskins, National Specialties Practice Leader, Marsh Canada
Ruby Rai, Manager, Cyber & Professional Liability, AIG Canada
David Spagnuolo, VP, Commercial UW Dept., Temple Underwriting, Temple Insurance Company (subsidiary of Munich RE)

3. INSURANCE FOR CYBER EVENTS

PANEL DISCUSSION - Cyber-insurance has been identified as another potential tool for effective risk management of Cyber threats. Join three insurance institution leaders in a discussion about existing issues and current work regarding the existence of cyber-insurance

Moderated by: Mike Stramaglia, Executive in Residence, Global Risk Institute

Buffet Lunch

11:45

Sponsored by DBRS.

A buffet lunch will be served followed by a featured speaker.

Lunch Featured Speaker

Dr. Markos Zachariadis, Associate Professor of Information Systems & Management, Warwick Business School, UK


PRESENTS

Open Banking – “Coming to North America?”


Dr. Markos Zachariadis will offer his insights into the diversity and range of emergent innovations and technologies that are transforming the financial services industry worldwide. His research focuses on some of the key changes and issues that the financial sector may be facing in the next few years.

Introduction and remarks by: Richard Nesbitt, Chief Executive Officer, Global Risk Institute

Introduction to National Pension Hub

PRESENTED BY

Douglas Turnbull, Vice Chairman and Country Head, DBRS

The Work of the NPH

Introduction to the National Pension Hub Panel


Dr. Alex LaPlante, Managing Director, Research, Global Risk Institute

PRESENTS
The Work of the National Hub for Pension Research & Education ("NPH")

NPH was launched in October last year at the 2017 GRI Summit. The purpose of the NPH is to provide pension and income security research that will lead to innovative solutions to pension design, governance and investment challenges. So far, 18 firms have committed research funds to this exciting project.

Introduction by: Bernard Morency, GRI Senior Fellow, Consultant


FOLLOWED BY A PANEL DISCUSSION

PANEL MEMBERS
Derek W. Dobson, CEO and Plan Manager, CAAT Pension Plan
Clifton Isings, Vice President, Investments, Canadian National Investment Division
Tom Reid, Senior Vice President, Group Retirement Services, Sun Life Financial
Mary Hardy, Professor, Department of Statistics and Actuarial Science, University of Waterloo


PANEL DISCUSSION
The role of private retirement savings; more specifically how can we improve coverage and the level and efficiency of private savings

This panel, made up of NPH members and moderated by Bernard Morency, will discuss issues on some of the key research topics which include: Plan design & plan adequacy, Discount Rate, Portfolio Construction, Private Market Risk Assessment and Impact & Use of Leverage.

Moderated by: Bernard Morency, GRI Senior Fellow, Consultant

PANEL DISCUSSION – CRO Panel

PANEL MEMBERS
Mark Hughes, Former Chief Risk Officer, RBC
Stephen Hart, Former Chief Risk Officer, Scotiabank
Susan Kudzman, Former Chief Risk Officer, Laurentian Bank & Caisse de dépôt et placement du Québec


PANEL TOPIC
What Makes a Good Risk Manager? Reflections from Chief Risk Officers past

Each year Risk Professionals hear from current, acting CROs about the days biggest risks. Speaking from within and on behalf of financial institutions in itself requires "Risk Mitigation", so this year we invited five former CROs to a candid discussion on what emerging risks they honestly see disrupting the market and reflections on the changing responsibilities of CROs in the world of innovation, disruption and threat.

Moderated by: Suzanne Labarge, Former Chief Risk Officer, RBC & Former Deputy Superintendent of the Office of the Superintendent of Financial Institutions Canada

Post-Conference Roundtable

Lois Tullo, Executive in Residence, Global Risk Institute

PANEL MEMBERS
Kerry Reinke, Chief Risk Officer, Canadian Division & Group Head, Enterprise Risk, Manulife
Gary Wuschnakowski, Director, Enterprise Risk, Capacity & Assurance, Office of the Provincial Controller, Treasury Board Secretariat, Government of Ontario
Paul Weitzmann, Senior Policy Coordinator, School Board Business Support Branch, Capital & Business Support Division, Ministry of Education, Government of Ontario
Brian Geiger, Vice President, Enterprise Risk, RBC Capital Markets
Steven Richards, Director, Business Planning & Enterprise Risk Management, CPPIB


PRESENTS
Emerging Risks Roundtable & Working Session


In this session we will give you an opportunity to work with and discuss the challenges that emerging risks pose to your organization.

We will review the inter-relationships of these risks and help you further develop how your organization addresses these risks. During the day you will have had the opportunity to hear from experts in their field on emerging risks, how they have affected their organizations, and how they have addressed these challenges. Come ready to discover how to integrate those perspectives and knowledge of your organization using a systematic framework that integrates organizational strategy and risk management. This session will be facilitated by a group of experts in emerging risk, that are currently responsible for addressing emerging risks in their organization.


Session breakdown

  • 10 minutes: Introduction to GRAFT and emerging risk
  • 10 minutes: How organizations are addressing emerging risks
  • 20-30 minutes: Emerging risk representatives
  • 10 minutes: Round table working session

- Prioritization of risks for their organization – top 5 risks and trends based upon urgency and impact
- Identification of one correlation for their organization that is significant
- Link of implication back to their organizational strategy

Meet this years Speakers

LOCATION

Toronto Region Board of Trade

First Canadian Place   –   4th floor   –   77 Adelaide St West   –  Toronto, ON