Operational Resilience Across Financial Services

Operational Resilience Across Financial Services
PRMIA invites you to join a roundtable conversation on Operational Resilience around the latest PRMIA Institute white paper.

December 2, 2020

11:00 a.m. EST
4:00 p.m. GMT
5:00 p.m. CET
Duration: 75 minutes

This meeting will be run on the GoToWebinar platform. You will be able to join using a local dial-in number which we will provide. 

Not least because time is money, operational continuity has always been central to the mission of the financial sector. In the past few decades this mission has been challenged by the information technology revolution as well as highly disruptive events such as the 9/11 or 7/7 terrorists attacks, the 2008 financial crisis and most recently the COVID-19 pandemic. By and large the industry has met these challenges so far. PRMIA Institute has published its first paper on Operational Resilience, an extremely important new discipline which has a wide interpretation.

Although the recent operational resilience agendas have predominantly been driven by regulators, the pandemic already evidences that these policy developments are not going always in the same direction and will require significant adjustments, not least in firms' ability to adapt and restructure to the lasting impacts of disruptions. As our case studies show, firms should go beyond specific supervisory requirements, take the lead, showcase best practices and deliver the operational resilience they and their ecosystem needs. Join us for a critical conversation on the subject. 

You may register to offer your views and be part of an enlarged panel during the event. To do so, e-mail your quick take to alexvoicu@prmia.org. For higher likelihood that your question gets air-time, send them in advance at alexvoicu@prmia.org


  Time   Event  
  4:00 p.m.- 4:20 p.m.
  Introduction by Thibaud de Barmon and Simon Tweddle, and editors Penny Cagan and Justin McCarthy  
  4:20 p.m.- 5:00 p.m.
  Contributions from Risk Leaders – sign up by e-mailing alexvoicu@prmia.org with your quick take. 
  5.:00 p.m.- 5:15 p.m.
  Panel Discussion and Audience Q&A

  Simon Tweddle founded Risk Shapes, an alternative to big brand consultancies, in 2015. Simon brings a perspective to risk and compliance activities based on real world experiences drawn from over 25 years as a practitioner in financial services at well known organisations including Handelsbanken, Citigroup, Barclays Capital, Mizuho and ICAP. He advocates risk management and compliance practices that make sense for your business. Since 2015 Risk Shapes has acted as trusted advisor supporting senior stakeholders to manage complex issues.
  Penny Cagan is the Head of Operational Risk Governance for the Americas with MUFG Union Bank, where she currently manages the Operational Risk framework, practices, regulatory responses, and core programs.

Operational Risk & Regulation magazine awarded Penny three awards for her contribution to the field of operational risk, including a special industry award in 2011. Penny has published widely, including authoring the chapter on Risk and Control Self Assessments for the PRMIA Operational Risk Manager Handbook.

Penny sits on the boards of PRMIA and Workforce Professional Training Institute.
Penny has more than 30 years of risk management, compliance, controls, and research experience, including managing risk and compliance functions in large financial institutions. Penny has experience with both developing and implementing risk and control frameworks, including convergence among risk disciplines.

Penny was previously employed as Managing Director with JPMorgan Chase, where she managed the global Risk and Control Self-Assessment program. While at JPMorgan Chase she was also head of operational risk for the consumer businesses, managed compliance risk assessments, and developed a control framework for the Consumer Risk organization.
Penny previously served as a Managing Director with Citigroup, where she founded a Compliance Analytics Group that managed compliance risk assessment, AML risk assessment, new product approvals, global compliance reporting, and analytics and developed a control framework for new payments methods.

Penny has managed several regulatory and consent order workstreams, including the establishment of an enterprise-wide new product approval process, consumer quality assurance program, mortgage risk assessment, sworn documents and collections litigation risk assessments, and global AML risk assessments.
  Thibaud de Barmon has been working in financial services’ operations for the past 25 years, first as a practitioner, running large investment banking programmes and back-offices and as a UK regulator. 

From 2008 to 2020 at the FSA and the Bank of England he ran the department of risk specialists dedicated to change, IT and operational risks. He was particularly involved in the supervision and policy developments of operational risk and resilience, banking restructuring, structural reform, Brexit and Fintech. 

He now runs Milton House, an advisory consultancy dedicated to operational effectiveness and operational resilience in financial services. 
  Justin McCarthy has worked in governance, risk management and compliance roles in many firms, including Bank of America Merrill Lynch, PricewaterhouseCoopers and with the Irish Financial Regulator. This work has allowed him to see the changes in risk management through and beyond the recent global financial crisis.

His work on the PRISM risk based supervision framework with the Irish Regulator included exposure to banking, funds and insurance risk practices as well as the quantitative work done on the related impact models. 

He is a member of the Global Board of Directors of PRMIA and is the co-Regional Director of the Irish PRMIA Chapter . He serves on several PRMIA working groups and sits on the PRMIA Education Committee and is the chair of the C-Suite Committee. Justin has a BSc from University College Cork and an MBA from the Michael Smurfit Graduate School of Business at University College Dublin.

Continued Risk Learning Credits: 1

PRMIA Continued 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 chaptersupport@prmia.org.


This event is FREE for members and non-members, although registration is required.  Click "Register Myself" below to reserve your spot. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.) Support chapter events like this by becoming a member

12/2/2020 11:00 AM - 12:15 PM
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