Risk Residential: Liquidity Week

Taking place just outside London in the luxury De Vere Selsdon Estate, this residential event promotes immersive learning across two esteemed training events, &#039;ALM and Balance Sheet Optimisation&#039; and &#039;Interest Rate Risk in the Banking Book&#039;.<br /> <br /> Your booking includes accommodation, meals, all learning materials and 12 CPD credits.

Risk Residential: Liquidity Week is a unique training event that features two separately bookable courses:

  • ALM and Balance Sheet Optimisation - this course will give practical guidance on three main challenges within ALM; liquidity, interest rate risk and capital along with a focus on managing and optimising your balance sheet.  
     
  • Interest Rate Risk in the Banking Book - this course will give delegates an in depth understanding of the complexities of IRRBB through sessions on IRR metrics and risk appetite, stress testing, hedging strategies and IRR challenges. 
     

Your booking includes:

  • Accommodation for two nights (November 6-7) at the De Vere Selsdon Estate, Surrey
  • All meals and refreshments from your evening meal on November 6th to lunch on November 8th
  • Seminar materials across both courses
  • Networking dinner on November 6th featuring keynote speech on 'global liquidity and funding liquidity' presented by Benjamin Cohen, Head of Financial Markets at BIS
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Why Residential?
  • Immersive learning experience in a relaxed environment just outside of London
  • Opportunity to network and discuss best practice with delegates and speakers from a wide range of institutions
  • All meals and accommodation included in the course fee
  • Networking dinner on first night featuring guest keynote speaker
  • Choice between two courses that have previously had exceptional delegate feedback across Europe and North America
  • An easy to access venue, just 40 minutes from central London and Gatwick Airport
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ALM Learning Outcomes

By the end of the two days, ALM delegates will have new or improved knowledge of:

  • The ALM regulatory environment
  • Strategic ALM and how to integrate and optimise the balance sheet
  • IIR metrics and scenarios and how these impact on behavioural modelling and interest rate risk
  • How to improve and optimise your balance sheet management
  • The concepts around FTP and how this affects liquidity reporting
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IRRBB Learning Outcomes

By the end of the two days, IRRBB delegates will have new or improved knowledge of:

  • Key IRR Challenges including behavioural assumptions, yield curve risk and basic risk
  • Approaches to modelling IRRBB
  • Current and future IRRBB governance considerations
  • The regulatory landscape
  • Defining IRRBB risk appetite
  • Using disclosure requirements to enhance current IRRBB practice

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Benjamin Cohen

Head of Financial Markets

Bank for International Settlements (BIS)

Benjamin H Cohen is Head of Financial Markets at the Bank for International Settlements (BIS) in Basel, Switzerland. In this role he supervises a team of economists at the BIS and serves as editor of the BIS Quarterly Review. Previously he was Special Adviser for International Financial Stability Policy, responsible for coordinating the BIS role in the FSB and G20 processes. He has also held positions in the secretariat of the Financial Stability Board, the Independent Evaluation Office of the International Monetary Fund, the secretariat of the Committee on the Global Financial System and as a senior economist in the research function of the BIS. In these roles he has served as secretary for a number of working groups and task forces, including the Macroeconomic Assessment Group (a multi-national research project on the macroeconomic impact of the Basel III capital framework), the FSB’s Analytical Group on Vulnerabilities, and CGFS Working Groups on stress testing, market liquidity, financial market turbulence and derivatives market statistics. His research interests include the consequences of expected credit loss provisioning for bank lending; the impact of regulation on banks, financial markets and the economy; the structure and role of the shadow banking system; the study of volatility and liquidity in financial markets; and the causes and consequences of financial crises. He holds a PhD in Economics from the Massachusetts Institute of Technology and an AB in Social Studies from Harvard University.

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Thomas Steiner

Partner

BearingPoint

Thomas Steiner is a Partner at BearingPoint and responsible for their firm-wide risk management consultancy practice within their Banking and Capital Markets practice. While Thomas and his team is covering a comprehensive service portfolio for financial institution’s risk controlling and management functions, they have a specific focus on Banking Book risk controlling and management, covering IRRBB, Liquidity risk and FTP. Their services covers governance aspects (e.g. set up the 3 lines of defence concept), development of methodology and ALM software implementation.

Prior to that, he was Head of Requirement Engineering at MEAG Asset Management, responsible for the business requirements of the Risk Controlling/Management function.

Thomas is an ALM expert with more than 15 years’ experience in a variety of different roles in consultancy projects for international acting banking groups. He is a member of the Global Association of Risk Professionals (GARP).

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Noel O'Mahony

Programme Director, Risk Change

Deutsche Bank

Programme Director, Risk Change at Deutsche Bank since 2013

Over 25 years’ experience in risk management and technology change programmes in Financial Services.

Previous firms include RBS, Nomura & Santander (previously Abbey National)

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Michael Eichhorn

CRO

Credit Suisse

Michael Eichhorn is Managing Director, Global Treasury Chief Risk Officer at Credit Suisse in London. He is an honorary professor at Hochschule Harz, Germany and a member of the BTRM faculty. Michael holds a Ph.D. from the University of Lueneburg / Germany.

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Enrique Benito

Banking & Capital Markets Advisory

Deloitte

Banking & Capital Markets Advisory
Deloitte

Enrique Benito is with Deloitte in London where he advises global financial institutions on risk management and regulatory matters and leads the provision of liquidity risk services within the firm's Banking and Capital Markets practice. His past experience includes roles with GE Capital Bank, a new UK bank set up by General Electric, contributing to its licensing, launch and set-up of its Treasury function, and latterly being responsible for the bank's liquidity and funding management. Prior to that, he was with the former Financial Services Authority where he contributed to the development of the first post-crisis liquidity adequacy regime and represented the UK on negotiations relating to Basel III and the Capital Requirements Regulation and Directive.

Enrique is a Faculty Member of the Bank Treasury Risk Management (BTRM) Certificate and a Fellow at the University of Oxford's Saïd Business School. He sits at the advisory council of the Centre for the Study of Financial Innovation (CSFI) and is a member of the Global Association of Risk Professionals (GARP).

 

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Raquel Bujalance

Head of ALM Models, Methodology

Banco Santander

Raquel Bujalance is Head of ALM Risk Models department in Santander Group, responsible for the modelling of IRRBB, liquidity and FX structural risks inside Santander Analytics. Before that, she led the Quantitative Market Risk department developing models related to Market Risk Trading activities. Raquel joined Santander in 2012, working previously for BBVA in the Risk Methodology department. She studied Economics and holds a PhD in Quantitative Finance from Complutense University.

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Maurizio Garro

Senior Audit Manager

Lloyds Banking Group

Maurizio Garro works as a Senior Audit Manager for Group Internal Audit at Lloyds Banking Group, where he is involved in providing assurance as SME on market and credit models. His background is in Model Risk, Market Risk, Counterparty Credit Risk, Pricing, Liquidity and Stress Testing. 
He has a long standing experience as consultant and banker in model risk management  and previously work in the Development and Validation teams of top-tier financial institutions in Europe, U.S., and U.K. for over 14 years.  
Maurizio Garro received his Master Degree in Economics from the Bocconi University of Milano and a certificate in Financial Risk Management from GARP.

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Chris De Stigter

Head of FTP Center

ABN Amro

Chris de Stigter is heading the FTP team within the Asset & Liability Management (ALM) department of ABN AMRO. After completing his Master degree in Business Administration at the Vrije Universiteit in Amsterdam, he joined the bank as an International Management Trainee in 2005. After successfully completing his traineeship, he joined the Asset & Liability Management department. Chris has gained thorough experience in all the fields of expertise within ALM; liquidity management, capital management and interest rate risk management. In 2013 he became the head of the FTP team and that makes him responsible for all internal charges and benefits with regard to liquidity, capital and interest rate management. He also represents the ALM department in the product and pricing committees in the commercial business lines. Chris is a very enthusiastic speaker, panelist and moderator on several national and international training events and conferences, always receiving the highest ratings by his audience. 

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Tony Morley

Head of Group Balance Sheet Management

Bank of Ireland Group

Tony is currently the Head of Group Balance Sheet Management and is responsible for strategic oversight of the Bank of Ireland Group balance sheet from a funding and liquidity perspective.  He has responsibility for funding and liquidity strategy, wholesale funding execution, funds transfer pricing, collateral management and management of structural risk positions as well as the ILAAP and Recovery plan.   Tony is a member of the Bank of Ireland Group Asset and Liability Management Committee.  Prior to his current role, Tony held other senior positions in Bank of Ireland as well as senior customer facing roles external to the Bank.  He holds a first class honours MBA from Ireland’s leading Business school as well as a first class honours Msc. in Investment and Treasury.

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Bruce Aitken

Senior Technical Advisor, Prudential Regulation Authority

Bank of England

Bruce is a senior technical advisor for capital and liquidity in the Supervisory Risk Specialists division at the Prudential Regulation Authority.  Supervisory Risk Specialists’ purpose is to provide deep technical expertise and apply judgement in specific risk disciplines to identify, analyse and mitigate risks to the safety and soundness of PRA-regulated firms, in order to advance the PRA’s supervisory approach and support the Bank’s policy and resolution functions.

Prior to joining the PRA, Bruce spent 13 years at Barclays in a number of roles in the Treasury team including setting up the funding and liquidity management team for the ring-fenced bank, Treasurer for the non-core division and Group capital management.

Bruce qualified as an accountant with KPMG before specialising in prudential risk management in KPMG’s regulatory advisory team.

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Alper Özün

Asset, Liability and Capital Management, EMEA

HSBC

Alper Özün is a banker with international experience in treasury and capital management functions in the banking sector over eighteen years. He currently works for HSBC London as head of treasury operations for the EMEA region. He has a PhD in finance (University of Bradford, School of Management), MSc in information technologies (Istanbul Technical University), MSc in business finance (Brunel University) and BA in international relations (Bosphorus University). He is an associate professor and currently has a visiting academic role at the University of Oxford, Faculty of Law, where he researches on taxation policy and rule of law in the context of constitutional economics.

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John Bowyer

Head of Group ALM

Lloyds Banking Group

John has more than 20 years of experience in Asset & Liability Management and is currently Head of Group ALM within Lloyds Banking Group.  His team are responsible for identifying and understanding market and liquidity risks inherent within the banking book and ensuring that these are managed, priced and reported correctly.  The team perform a business partnering role to provide ALM expertise in respect of new product development and Funds Transfer Pricing (FTP).

John was the lead subject matter expert in the project to set up a harmonised FTP mechanism for Lloyds Banking Group following the acquisition of HBOS in 2009.  The mechanism introduced a centralised approach to both Liquidity Transfer Pricing and Interest Rate Risk Transfer Pricing across the entire banking book.

Professionally qualified in banking and treasury, John enjoys creating opportunities for colleagues to develop.  He recently played a lead role in establishing an internal treasury training programme within the bank.

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Thomas Steiner

Partner

BearingPoint

Thomas Steiner is a Partner at BearingPoint and responsible for their firm-wide risk management consultancy practice within their Banking and Capital Markets practice. While Thomas and his team is covering a comprehensive service portfolio for financial institution’s risk controlling and management functions, they have a specific focus on Banking Book risk controlling and management, covering IRRBB, Liquidity risk and FTP. Their services covers governance aspects (e.g. set up the 3 lines of defence concept), development of methodology and ALM software implementation.

Prior to that, he was Head of Requirement Engineering at MEAG Asset Management, responsible for the business requirements of the Risk Controlling/Management function.

Thomas is an ALM expert with more than 15 years’ experience in a variety of different roles in consultancy projects for international acting banking groups. He is a member of the Global Association of Risk Professionals (GARP).

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Samantha Halstead

Senior Manager, Financial Model Risk Oversight

TSB

Samantha is currently with TSB where she is responsible for the oversight of financial risk models used within Treasury and Finance, including behavioural models for both liquidity and market risk. 

Before transitioning into the second line of defence, Samantha gained first line experience in Treasury ALM at a range of financial institutions, including as a consultant in the Verde divestment project at Lloyds Bank, as a subject matter expert for the Global Funding and Liquidity Project at the Commonwealth Bank of Australia and as risk reporting manager TP and ALM at Westpac. 

Prior to that Samantha has experience as a consultant implementing ALM software at a range of financial institutions globally (US, UK and Asia).

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Roland Klimesch

Head of Group Liquidity and Market Risk Management

Erste Group Bank AG

Roland started his banking career in 1999 and held different management positions in treasury and risk concentrating on ALM, liquidity and market risk related topics and respective projects. Since 2017 he is Head of Group Liquidity and Market Risk Management of Erste Group. In this role Roland is responsible for the group wide governance, strategic and operative steering, measurement and management of the liquidity and market risk profile of Erste Group’s trading and banking book activities. Besides ensuring that sound standards for liquidity and market risk management are implemented throughout Erste Group, this includes the group-wide market and liquidity risk strategy, the risk appetite as well as the overall limit-setting, steering and controlling. Furthermore Roland is responsible for model risk management of all market and liquidity risk related methods and models.

Venue Details: De Vere Selsdon Estate, Surrey England

Surrounded by 200 acres of grounds, the hotel offers superb space with its large outdoor areas, and sculptured high-ceiling rooms. Only 14 miles from London, the hotel is easily reached from Gatwick and Heathrow. Trains from East Croydon Station take you to London Victoria and London Bridge in just 15 minutes.

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