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 Two
Wednesday, October 7, 2009
| 8:00 - 8:50 |
Continental Breakfast |
8:00 - 8:50 |
8:50 - 9:00
Opening Remarks from the Chair
Tara McLenaghen, Executive Director - North America, RiskBusiness International
9:00 - 10:00
Case Study
Basel II: Moving to Advanced Measurement Approach (AMA)
Dan Cacic, Head of Operational Risk, CIBC
- Fundamentals of operational risk and AMA
- Troubleshooting when complying with AMA requirements
- Surprises when implementing AMA
| 10:00 - 10:10 |
Networking Break |
10:00 - 10:10 |
10:10 - 11:00
Structured Causal Analysis: A Foundation for Getting Real Value from Operational Risk Canada
Tara McLenaghen, Executive Director - North America, RiskBusiness International
- Fundamental requirements for causal analytics
- Developing a "stage one" causal model
- A vision of "stage two" predictive modeling: pre-empting risk events
11:00 - 12:00
Operational Risk Canada and Quantitative Scenario Analysis
Kabir Dutta, Senior Consultant, CRA International; former Senior Economist, Supervision, Regulation and Credit Department of the Federal Reserve Bank of Boston
- Why we need scenario analysis
- What is involved in the scenario analysis process
- How should we use scenario analysis in the quantitative framework
- When does scenario analysis makes sense
| 12:00 - 1:00 |
Luncheon Break |
12:00 - 1:00 |
1:00 - 2:00
Case Study
Scenario Analysis In Support of Operational Risk Quantification
Tara McLenaghen, Executive Director - North America, RiskBusiness International
- Case study background: the opportunities and challenges
- Developing scenarios and running workshops
- Results and feedback
2:00 - 3:00
Case Study
ORM through the Financial Crisis: A Sampling of Companies, Their Risk Response, and Lessons Learned
Kathleen MacDonald, MBA, CCSA, Operational Risk Consultant
- Did the reputation of risk management barely survive, or actually thrive in the recent economic crisis?
- Identifying risks in a fast-changing environment means breaking down the walls of the organizational information labyrinth: who are the key players to getting information up and down the chain of decision and what are the dynamics of thriving organizations?
| 3:00 - 3:10 |
Networking Break |
3:00 - 3:10 |
3:10 - 4:00
Case Study
Operational Risk in Hedge Fund Industry
Christopher Addy, President and CEO, Entreprise Castle Hall Alternatives Inc.
- Why should hedge fund investors worry about operational risk?
- From Manhattan to Madoff: some of the lessons from hedge fund operational failures
- Building a framework to evaluate hedge fund operational risk
- Best practices in operational due diligence: balancing objectivity and subjectivity
4:00 - 5:00
How to Accurately Measure Operational Risk
John Lark, Risk Practice Manager, Stratos Inc.; Member of the CSA Technical Committee on Risk Management
- Confirming the independence of the risk management function
- Where does documentation start and end?
- Ensuring that auditors and supervisory authorities can validate your results
- How can ISO standards help you ensure accurate and consistent results?
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