FRTB - Model Governance, Implementation: Lessons 9-10
Be prepared for FRTB. The new Basel III framework for market risk, also known as FRTB, represents a pivotal change in the way banks’ trading businesses will be capitalized, regulated and managed. These two sessions discuss the FRTB requirement of a new model framework for model validation, model management, and model updates, which will require a new adjudication and governance process. Also discussed are FRTB implementation timelines, milestones, and major jurisdictions affected.
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Course Experts CRL Credits
Presented By:
Sanjay Sharma, PhD, Founder and Chairman, GreenPoint Global
John “Jeb” Beckwith, Managing Director,
GreenPoint Global
Date:
April 29 - May 13, 2019
Time:
Self-paced
Session Length:
Approx. 90 minutes per session
| About This Course |
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Lesson 9, April 29: FRTB & New Regime for Model Governance & Risk Transparency
In Lesson 9, Sanjay and Jeb will review the FRTB requirement of a new model framework for model validation, model management, and model updates, which will require a new adjudication and governance process.
Lesson 10, May 6: FRTB Implementation Timelines & Milestones
In Lesson 10, we will review and discuss timelines as well as suggested internal milestones an organization needs to successfully implement FTRB. Banks will require extended timelines in order to plan, prepare, and approve the needed technology, systems, corporate governance, and training required to implement FRTB. Implementation deadlines will occur differentially in different jurisdictions and there will be subtleties of interpretation, which vary by geography. This session will help bring it all into focus.
In this final instructional class, we will outline likely timelines and nuances within major jurisdictions. We will also discuss in detail prospective project plans, which demonstrate the amount of work which needs to occur within a relatively short timeline.
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| Who Should Attend |
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Heads of Trading Businesses, Trading Desk Heads, Market Risk Managers, FRTB Program Managers, Market Risk Auditors, Enterprise Risk Managers, Liquidity Professionals, Regulatory Capital Professionals, Model Validation Professionals, Market Data Professionals, Regulators, and Supervisors
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| About Our Experts |
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Sanjay Sharma, PhD, is the Founder and Chairman of GreenPoint Global – a risk advisory, technology, education, legal and compliance services firm headquartered in New York. Founded in 2006, GreenPoint has grown to over 350 employees and over 40 consultants with a global footprint. During 2007-16 Sanjay was the Chief Risk Officer of Discretionary Capital Group and Managing Director in Fixed Income and Currencies Risk Management at RBC Capital Markets in New York. His career in the financial services industry spans over 25 years during which he has held investment banking, risk management and technology transformation positions at Goldman Sachs, Merrill Lynch, Citibank, Moody’s and Natixis. Sanjay is the author of “Risk Transparency” (Risk Books, 2013) has also published several papers. Sanjay is co-author with Jeb Beckwith of the book “Fundamental Review of Trading Book – A Handbook for Practitioners and Regulators”, published by RiskBooks, Incisivemedia (2018).
He is an Adjunct Professor at New York University and Fordham’s quantitative finance programs, and financial markets program at EDHEC in Nice, France. He has served as the Founding Director of the RBC/Hass Fellowship Program at the UC Berkeley, and a member of the Board of Directors of UPS Capital (a Division of UPS). He is a former member of the Global Board of Directors for Professional Risk International Association (PRMIA). He holds a Ph.D. in Finance from New York University and an MBA from the Wharton School of Business and has undergraduate degrees in Physics and Marine Engineering.
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John “Jeb” Beckwith is Managing Director of GreenPoint’s financial institutions division serving banks and insurers. Jeb brings over 30 years of industry experience in the management of risk, capital markets, lending and transaction banking practices. Prior to joining GreenPoint, he was Managing Director at RBC Capital Markets for 10+ years. At RBC, Jeb led several front office and risk management groups related to global financial institutions including corporate banking, capital markets cross-sell, regulatory advisory, transaction banking, and trade finance. Jeb founded RBC’s bank regulatory/ratings advisory team and founded/chaired RBC’s committee to adjudicate global limits for all bank and sovereign counterparty risks. Prior to joining RBC, Jeb held various management and corporate banking positions with increasing levels of responsibility at MUFG, Bank of America and BNY-Mellon.
Jeb is an Adjunct Professor at New York University’s Tandon School and at Fordham University’s school of financial engineering. Jeb has published several papers on banking regulation and is co-author, with Sanjay Sharma, of the book: “Fundamental Review of Trading Book – A Handbook for Practitioners and Regulators”, published by RiskBooks, Incisivemedia (2018).
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| Continuing Risk Learning Credits: 3.5 |
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PRMIA Continuing Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
| Registration |
| Membership Type |
Price |
| Sustaining, Corporate, and RIM Members |
$179 |
| Contributing Member |
$199 |
| Non Member |
$219 |
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