Liquidity Risk - Key Considerations for All Risk Managers

 

Date: Wednesday, January 10th 2018

Location: PricewaterhouseCoopers, 300 Madison Avenue, Auditorium, New York, NY

Time: Registration & Cocktails 5:30 PM – Program Start 6:15 PM 

 

 

Please join us on Wednesday, January 10th for a discussion on liquidity risk. Recent regulatory expectations and pronouncements have focused on the oversight of liquidity risk.  A clear delineation between the first and second lines of defense regarding liquidity risk  is being established at many financial institutions.  A governance path for the management of liquidity risk is now being created. 

 
 
The following questions will be addressed:
 
  • What is Liquidity Risk and how is it identified, measured and managed? 
     
  • How should liquidity risk measurement considerations be incorporated into core risk management elements such as risk identification, new product approval, business acceptance and  credit risk appetite?
  • How are firms optimizing between capital adequacy measures and liquidity considerations? 
  • How are liquidity considerations being incorporated into the valuation of collateral as it relates to scenario analysis and stress testing?
  • How does our understanding of the dynamics of market liquidity help to shape our measurement of risk and our strategic planning and decision making in actual market dislocations? 
 
Panelists:
 
Scott Freidenrich, Executive Vice President, Global Treasurer, BNY Mellon
Scott is an Executive Vice President and BNY Mellon's Global Treasurer.
 
The Global Treasury organization is responsible for management of the Company's investment portfolio, debt and equity issuance, capital, foreign exchange exposure, liquidity and interest rate risk management. He is also responsible for the management of the company's Benefits Investment Committee as well as Resolution and Recovery Planning. Scott is a member of BNY Mellon's Senior Leadership Team, the Chairman of the Company's Asset and Liability Committee and also serves on the company's Benefits Investment Committee.
 
Prior to joining BNY Mellon, Scott held a number of roles at Citigroup, including Head of Investor Relations, Treasurer of the Corporate and Investment Bank and Head of Institutional Sales for Prime Finance. He started his career in 1988 at Shearson Lehman Brothers. He serves on the Rutgers Business School Board of Advisors. Scott has a B.S. in Finance from Rutgers University and an MBA from Fordham University.
 
Oliver Jakob International Chief Risk Officer for MUFG Securities and the Head of Market, Interest Rate and Liquidity Risk Management for MUFG Americas
Oliver joined MUFG from UBS' Investment Bank, where he was the Global Head of Market Risk. Prior to UBS, Oliver held various risk management positions in New York and Toronto over the last 17 years. He started his career in Bankers Trust's Market Risk Department.  
 
Oliver graduated from Karlsruhe University (Germany) with a diploma in Industrial Engineering. Oliver holds a CFA designation.
 
 
Gunnar Jakobsson, Managing Director and Lead of the Liquidity Risk Management and Analysis Department, Goldman Sachs
Gunnar leads the Liquidity Risk Management and Analysis Department in the Risk Division. He is a member of the Firm-wide Risk Committee, Risk Governance Committee, Finance Committee, Asset Liability Committee, and Stress Test Committee.
 
Previously, he was a member of the Market Risk Management and Analysis Department from 2008 as the chief of staff to the firm's chief market risk officer and since 2012, the manager of the Market Risk Infrastructure team. Prior to that, Gunnar held roles across the Operations, Finance and Investment Management Divisions. He joined Goldman Sachs in New York in 2001 and was named managing director in 2012.
 
Prior to joining the firm, Gunnar worked as the general counsel to the Committee of Economic Affairs in the Icelandic Parliament. Gunnar earned a law degree from the University of Iceland and an MBA from Yale.
 
 
Jai Sooklal, Partner, Oliver Wyman
Jai Sooklal joined Oliver Wyman as a Partner in the Finance & Risk/Public Policy Practices in January 2016. Prior to joining Oliver Wyman, Mr. Sooklal was a Senior Vice President and Head of Funding, Liquidity & Interest Rate Risk Supervision at the Federal Reserve Bank of New York, which he joined in April 2009. In that role, Jai built a liquidity supervisory program, including the development of a data driven program supported by liquidity data collection (4G and 5G). In addition, Jai was the designated Funding, Liquidity & Interest Rate Risk Lead for the Federal Reserves System's Large Institution Supervision Coordination Committee (LISCC). In that capacity, with liquidity oversight responsibilities for US GSIBs, he pioneered the Federal Reserve's Comprehensive Liquidity Analysis and Review (CLAR) program and was Co-Chair of the CLAR Steering Committee. Additionally, Jai chaired the international Task Force on Funding established by the Financial Stability Board's (FSB) Data Gaps Committee, and was also the Federal Reserve Bank of New York's representative on the Basel Committee on Banking Supervision's Working Group on Liquidity that developed the Basel III international liquidity standards (LCR and NSFR). 
 
Prior to joining the Federal Reserve Bank of New York, Jai was a Managing Director and Assistant Treasurer at Morgan Stanley which he joined in 1993. 
 
Jai holds a BSc in Computer Science and Engineering from Columbia University, New York, and an MBA in Finance from the Wharton School, Universtiy of Pennsylvania.
 
Moderator:
 
Peter Marshall, Principal, Ernst & Young
Peter Marshall is a Principal in Ernst & Young's Risk Advisory Services. He is the Leader of Treasury and Liquidity Risk advisory services for financial services. 
 
Peter has more than 20 years of treasury and risk management financial services experience. He also has extensive experience with regulatory gap assessment, remediation and enhancement programs. 
 
Peter holds an AB in Government from Colby College and an MBA in Finance from Fordham Gabelli School of Business.
 
 

**Registration can be done online by clicking here. If you prefer, you may submit your registration via fax (914-332-1541) with the following information: 

 

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Your membership category will be verified after receipt. If an adjustment is needed due to selecting an incorrect category at checkout, RMA NY Chapter is authorized to place a charge or credit on the card number supplied. All payments must be received prior to admission to meeting. THE OFFICIAL CUT-OFF DATE TO PRE-REGISTER is Monday, January 8th 2018. Cancellations must be received 48 hours in advance to qualify for a refund; cancellations after that time and no-shows are liable for payment. 

 

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