4th Annual
Operational Risk Canada
Managing Operational Risk in Uncertain Times
October 6 and 7, 2009
Hyatt Regency Toronto on King
TORONTO, ONTARIO
Conference Program Agenda - Day One
Tuesday, October 6, 2009
| 8:00 - 8:50 |
Registration and Continental Breakfast |
8:00 - 8:50 |
8:50 - 9:00
Welcome and Opening Remarks from the Chair
Kathleen MacDonald, MBA, CCSA, Operational Risk Consultant
9:00 - 10:00
Operational Risk Update from OSFI
Narindar Bhavnani, Director, Operational Risk and Capital Assessment Services, Office of the Superintendent of Financial Institutions Canada
- Current and emerging operational risks: a regulatory perspective
- Upcoming priorities
- Recent developments and concern
| 10:00 - 10:10 |
Networking Break |
10:00 - 10:10 |
10:10 - 11:10
Keynote Presentation
Understanding the Operational Risk Underpinnings of the Credit Crisis and Where We Go from Here
Penny Cagan, Managing Director, Credit and Operational Risk Content, Algorithmics; a member of the Fitch Group Inc. Penny Cagan has been named as one of the "Top 50 Faces of Operational Risk" by OpRisk & Compliance
We are now experiencing the next wave of the credit crisis: the largest number of failed banks since the savings and loan crisis.
- What are the underlying issues that have led to the current increase in loan defaults?
- What role has operational risk played in the credit crisis?
- What are the key operational risk control failings that have contributed to the current crisis?
- How can implementing operational risk best practices lead to better credit cultures?
11:10 - 12:00
Convergence and Integration of ORM with Other Governance, Risk, and Compliance (GRC) Initiatives
Hubert Huang, Associate Director, Protiviti
- Value proposition and imperative for integrating ORM with other GRC initiatives
- Challenges to integrating GRC initiatives
- Role of systems in GRC integration
- Practical ideas for integrating GRC
- Leveraging enterprise risk management to sustain GRC integration
- Integrating Performance management and risk management
| 12:00 - 1:00 |
Luncheon Break |
12:00 - 1:00 |
1:00 - 2:00
Case Study
Pandemic Planning: What, How and Actual Experiences to Date
Lou Santamaria, Director, Business Continuity Management, Scotiabank
- Key considerations to be included within a corporate pandemic plan framework
- What should an organization have currently in place?
- Lessons learned from H1N1 experiences in Mexico
2:00 - 2:50
Case Study
ORM Convergence at Canadian Western Bank
Blair Himmelreich, Acting Vice-President of Finance, Canadian Western Bank
- How Canadian Western Bank converged operational risk and certification
- Operational risk management framework in action at Canadian Western Bank
- A discussion on "does one size fit all?"
| 2:50 - 3:00 |
Networking Break |
2:50 - 3:00 |
3:00 - 4:00
Risk Governance and Operational Risk
Carole Carpentier, MBA, CFA, See. See Beyond..... Creativity. Consulting. Inc. (formerly, group operational risk at RBC)
- Operational risk as part of enterprise risk management
- Role of board of directors and senior management
- Risk governance infrastructure: risk committees, risk appetite, risk policy, risk reporting
4:00 - 5:00
Case Study
Operational Risk Canada Framework: An Evolutionary Journey
Earl Merrimen, Associate Vice-President, TD Bank Financial Group
This case study explores TD's approach to the implementation of an enterprise-wide approach to proactively managing operational risk.
- Differentiating between ERM and ORM
- Major elements of the framework
- Implementation challenges
- Identifying and measuring success
- What the future may hold
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