GARP Risk Podcast

The pandemic has certainly had a significant impact on the third line of defense in risk management, presenting audit with significant challenges in areas like credit risk modeling, emerging risk evaluation, internal controls and remote working. In this podcast, Citi’s Chief Auditor for risk, Andy Blight, discusses the fallout from COVID-19, the changes Citi’s audit team made in response to the crisis, and the audit adaptations we may see post-pandemic. Andy Blight, Chief Auditor – Risk, Citi Andy Blight is the Chief Auditor for Risk, responsible for Internal Audit’s coverage of Citi’s global independent risk management including Market Risk, Credit Risk, Operational Risk and Model Risk. Andy has over 20 years of experience in the banking industry in a number of Internal Audit and Risk Management roles. Prior to this role, Andy was Citi’s Regional Chief Auditor for EMEA. Andy originally joined Citi Internal Audit in 2014 from JPMorgan, where he was Executive Director, EMEA Corporate Audit. Prior to JPMorgan, Andy spent 7 years at Standard Chartered in various positions in London and Singapore, including Head of Audit for Consumer Banking and Head of Audit for Group Functions & Risk. In addition to his audit experience, Andy has worked in Market Risk Management and Operational Risk Management functions at ING and Barclays Capital. Andy is a Chartered Member of the Institute of Internal Auditors (CMIIA), Fellow of the Institute of Chartered Accountants in England and Wales (FCA), Qualified in Internal Audit Leadership (QIAL) and a Certified Internal Auditor (CIA).

5 Okt 202026min

The pandemic has had a dramatic impact on commercial real estate, greatly dimming the short-term attractiveness of big cities while triggering extremely high delinquency rates on CRE loans and skyrocketing office vacancies. In this podcast, we speak with Bob Lieber, executive managing director at Island Capital Group, about the repercussions of COVID-19, the differences between this pandemic and other crises, the work-from-home approach, the unique CRE investment opportunities yielded by the market dislocation, and the potential “new normal” for offices after the development of a vaccine.

24 Aug 202020min

Clearly, the impacts of COVID-19 on banks globally are unprecedented and requiring huge pivots in a short time. Join us on this podcast where our experts discuss banking challenges, the impacts on balance sheet reporting, relationships with regulators, auditors and investors, what it all means for loan portfolios, the intersections with governments and supervisory authorities, and the implications for CECL during this critical year. For more resources on this issue from SAS  - click below: Tackle the New Complexity of IFRS 9 and CECL Standards Banking Analytics Solutions in the age of COVID-19 Over the years, GARP and SAS have worked together to bring risk practitioners unique insights on a variety of topics related to financial risk and have partnered on this episode of our COVID podcast series. About SAS As a leader in analytics, SAS has more than 40 years of experience helping organizations solve their toughest problems. Our unrelenting commitment to innovation enables banks to modernize and sustain a competitive edge. SAS provides an integrated, enterprise-wide risk-management platform for managing risk in an organization, from strategic to reputational, operational, financial or compliance-related risk management. Learn more about how SAS is driving innovation and business value for risk and finance professionals at www.sas.com/risk.   Speaker Bios:   Prof. Dr. Donald Baillie is the head of the Risk Practice for Austria, Germany & Switzerland at SAS. He has 25+ years’ experience in the Financial Markets, and Risk Management in particular, having worked for banks (Treasury and Market Risk), a big-4 consultancy, and most recently as managing director of a medium-sized international management consultancy. He has been involved in more than 100 Finance and Risk Management projects throughout Central and Eastern Europe. Donald holds a professorship at a University of Applied Science in Vienna, and has taught Finance, Risk and Data Science courses for almost 20 years and (co)authored several books. In addition to other professional certifications such as Stock and Derivatives Markets trading licenses, he is a proud holder of GARP’s FRM certification.    Manuel Fortes is the Global Solution Lead for Expected Credit Loss at SAS , with strong Industry, risk and SAS knowledge within a wide spectrum of risk solutions. More than 20 years of experience, ranging from data modelling and ETL processes, including risk modelling and reporting, to solution implementation, in the Risk and Finance area.    Tim McPeak is a Principal Industry Consultant with the Risk Research & Quantitative Solutions division at SAS. He has over 25 years of experience in the financial services industry with a specific focus on credit risk management. Prior to joining SAS, Tim worked as a Senior Risk Management Consultant with financial technology firm Sageworks with previous experience in retail, commercial and investment banking.

10 Aug 202029min

We would like to thank our listeners for tuning in to our special subseries on COVID-19. We have had some fascinating and productive discussions and will surely continue to discuss this subject for a long time to come. We will, however, be easing from the weekly cadence on this subseries as we re-expand our coverage on other pressing elements of risk in finance and energy. We look forward bringing you more and more insights from thought leaders in risk over the coming months. Stay tuned.

27 Juli 202039s

**We’d like to take a moment to inform you that this climate series is moving to its own dedicated channel. All future episodes, as well as the previous four instalments of the series, will now be located on the Climate Risk Podcast channel. You can find us HERE. **   In this episode of the Climate Risk Podcast series, we are moving beyond financial services to look at how climate change will affect firms in the real economy. We will be joined by Julie Baddeley, one of the UK’s most experienced women directors, who will be sharing insights on this topic from the perspective of the Board. Julie is also one of the founders of Chapter Zero, a fast-growing network for Chairs, Committee Chairs and Non-Executive Directors. Chapter Zero has been established to provide support, education and tools to this important group on the matters of climate change and the associated risks and opportunities. Links to find out more about Chapter Zero, as well as some of there useful educational tools, can be found below.   Links from today’s discussion Chapter Zero’s Website: https://www.chapterzero.org.uk/ Chapter Zero’s Toolkit for Boards: https://www.chapterzero.org.uk/toolkit/ Chapter Zero’s Change Management Toolkit: https://www.chapterzero.org.uk/change-management/ GARP’s 2020 Survey of Climate Risk Management at Financial Firms: https://climate.garp.org/insight/second-annual-global-survey-of-climate-risk-management-at-financial-firms/   If you have any questions, thoughts or feedback regarding this podcast series, we would love to hear from you. Please email us at: climateriskpodcast@garp.com

16 Juli 202030min

Today, we welcome back Steve Durbin, Managing Director of the Information Security Forum (ISF), to discuss the evolving implications of data privacy in the face of our concerns around information pertaining to public health. Companies and employers are starting to collect and process new categories of potentially sensitive information about their employees, including whether they are displaying symptoms of the virus, the results of any COVID-19 testing and body temperature checks, and their geolocation data and social contact history. The imperative for public health is clear, but what new data privacy issues does this raise for companies and employees?     For more information on how the ISF works with organizations to address their challenges, please visit …. https://www.securityforum.org/   Steve Durbin – Biography       Steve Durbin is the Managing Director of the Information Security Forum (ISF). His main areas of focus include strategy, information technology, cyber security and the emerging security threat landscape across both the corporate and personal environments.  He is a frequent speaker and commentator on technology and security issues. Formerly at Ernst & Young, Steve has been involved with IPOs, mergers and acquisitions of fast-growth companies across Europe and the USA.  Having previously been senior vice president at Gartner, he has advised a number of NASDAQ and NYSE listed global technology companies. Steve has served as a Digital 50 advisory committee member in the United States, a body established to improve the talent pool for Fortune 500 boards around cyber security and information governance and he has been ranked as one of the top 10 individuals shaping the way that organizations and leaders approach information security careers. He has also recently been featured on the top 20 most influential list of leaders whose companies have a vision that shapes the conceptual landscape of their respective industries. Steve is a Chartered Marketer, a Fellow of the Chartered Institute of Marketing, Forbes Business Council Member and a visiting lecturer at Henley Business School where he speaks on the role of the Board in Cybersecurity.

13 Juli 202031min

Companies looking to expand globally might be hesitant to tap into new markets given how the business environment has changed so dramatically as a result of the pandemic. This moment in time is an inflection point for businesses to redefine their approach and strategy for global growth and a time to transform their old ways of doing such things as workforce planning, hiring. As CEO and co-founder of Velocity Global, Ben Wright helps companies to place the "new normal" in context for business that want to expand globally in today’s climate and while staying agile and controlling risk.

6 Juli 202030min

Today’s chief risk officers must not only contend with the economic impact and shock of the pandemic but also manage complex challenges like racial violence, climate change, geo-political change and global supply-chain failure.  Robert Sales, GARP’s Editorial Director, speaks with Brenda Boultwood, former senior vice president and chief risk officer at Constellation Energy, and who has served as a board member at both the Committee of Chief Risk Officers (CCRO) and GARP,  about what issues top risk executives should be prioritizing, and how standard risk management techniques help firms reinvent themselves and find timely answers to risk quandaries.   For more from Brenda on this topic, click here for her CRO Outlook Column in GARP’s Risk Intelligence area.   Speaker Bio   Brenda Boultwood is an independent risk management consultant. She is the former senior vice president and chief risk officer at Constellation Energy, and has served as a board member at both the Committee of Chief Risk Officers (CCRO) and GARP. Previously, she was a senior vice president of industry solutions at MetricStream, where she was responsible for a portfolio of key industry verticals, including energy and utilities, federal agencies, strategic banking and financial services. Before that, she worked in a number of risk management, business roles and as the global head of strategy, Alternative Investment Services, at JPMorgan Chase, where she developed the strategy for the company's hedge fund services, private equity fund services, leveraged loan services and global derivative services. She currently serves on the board of directors at the Anne Arundel Workforce Development Corporation.

29 Juni 202030min