Risk ManagementStart Planning Your AFP 2018 Schedule
Quantum Computing: The Looming Threat Destined to Disrupt Financial Data Security
Research centers around the world are working to create a large-scale general-purpose quantum computer. In fact, some nation-states are investing tens of billions of dollars to “win the race.” For many years, the question was whether such a computer could ever be created. Now it’s, when will it happen? Experts warn it is only a short time before quantum computing will render a significant portion of today’s cryptographic data protection methods ineffective, exposing mass quantities of financial and personal information. In this session, panelists cover the basics of what quantum computing is, the looming threat it poses to information security, and what financial professionals can do now to avoid a potential disaster in the not-so-distant future.
Steve Stevens, Executive Director, Accredited Standards Committee X9
Guy Berg, Vice President, Federal Reserve Bank Minneapolis
Martin Laforest, PhD, Senior Business Development Manager, ISARA Corporation
Dustin Moody, Mathematician, Post-Quantum Cryptography Project Lead, National Institute of Standards and Technology
Out of The Lab and Into The Business
Getting real value from technology requires a lot more than just IT and an “innovation lab”. Meaningful innovation calls for fundamental changes in culture, skillsets, mindsets, and operational practices. Top firms are redefining their approach to talent and delivering real value with new technologies like AI, blockchain, and robotics. Join Dan Houlihan, Head of North American Global Fund Services at Northern Trust, and Jeffrey Hess, leader of PwC's People and Organization business in the US, as they share industry insights into what it takes to practically apply innovation in ways that improve bottom line results.
Dan Houlihan, Executive Vice President, The Northern Trust Company
Minimize Risk and Keep Cash Flowing in New Markets: Manage Supply Chain Vulnerabilities
Whether doing business overseas or keeping it closer to home, managing risk comes down to good optics. This session explores the value of competitive intelligence related to companies exporting to emerging markets and how to manage vulnerabilities in your supply chain in the event existing trade agreements are changed. Payment experts discuss how to safeguard your assets, capitalize on emerging markets and gain a competitive advantage all while ensuring a sustainable operation in a global supply chain.
David Chaimovitz, President & Co-Founder, Aero Trade LLC
David Huey, President & Regional Director NAFTA, Atradius
Advanced Interest Rate Hedging: Back to (The New) Basics
Many companies have some level of familiarity with interest rate hedging from years past, but are finding that a few key elements have changed in the market. As we’re now seeing a sustained rising rate environment, stakeholder views on risk are changing. We also have a new accounting standard, different regulatory requirements as Dodd-Frank reform has evolved over the past few years, and even changes to valuation methodology. Interest rate hedging can also take on new complexities when you introduce M&A activity, multi-currency debt structures, pre-issuance hedging, and prioritization of counterparty credit relationships. This session takes a step back to evaluate broader capital markets activities and where hedging currently fits in this picture for companies with various risk profiles. We’ll also draw on practitioner insights around navigating market complexities, achieving wholesale pricing, accounting standards, and stakeholder communication.
Amol Dhargalkar, Managing Director, Chatham Financial
Steve Wolgamott, VP & Assistant Treasurer, Diebold Nixdorf, Inc.
Brian Luke, CTP, Vice President, Treasury, JELD-WEN, Inc.
The Evolution of Captives: A Holistic Risk Financing Tool for Organizations of all Sizes
As business and risk management processes have advanced, captives have proven to be a nimble solution with the ability to evolve with an organization. Today’s captives come in all sizes and structures, which enables them to cover the wide array of clients that utilize them. In this session, captive owners representing the spectrum of captive use discuss how they incorporate captives into the core of their risk management strategy. No matter where your company’s risk profile lies, there is a captive that can fit — from small captives structured around catastrophic risks to more traditional captives focused on frequency driven risks, up through truly strategic captives that integrate innovative and emerging risks such as third-party business. Hear from a panel of captive owners, moderated by a captive industry leader, on how to take a phased approach to your captive’s growth plan that allows it to evolve with your organization’s risk management philosophy.
Dawne Davenport, Senior Vice President & Actuarial Consultant, Marsh Captive Solutions
John Talley, JD, Captive Program Manager, Missouri Department of Insurance
Creating Resilient Treasury Risk Management in Volatile Times
At the intersection of risk management and real life sits resilience: the ability to assess unforeseen events and adjust strategy quickly, while achieving successful outcomes for the corporation. Join this moderated panel of treasury professionals as they discuss the challenges faced in implementing a treasury plan to prepare for unexpected risk in volatile times, e.g., FX exposure risks posed by the Brexit vote; climate change preparations, how they worked, or didn’t, during a natural disaster; managing risks as treasurer when commodity prices plunged unexpectedly.
Lynda Henry, CTP, Treasury Senior Manager, Blackbaud, Inc.
Dwayne Petish, Treasury Consultant, Cliffs Natural Resources, Inc.
Winifred Pinet, CTP, President and CEO, Sycamore Associates LLC
Kevin Beck, Assistant Treasurer, The Timken Company
Financial Reporting and Employee Theft-You Think You Are Immune?
Whether it’s cybersecurity fraud, personal information compromised, or employees believing the easy way to financial freedom is through theft, we are all susceptible to having our assets taken—either in our company or individually. We’ve all heard the experts say it: “It’s not a matter of if, but when.” This session focuses on how financial fraud occurs, what a forensic accountant looks for when investigating fraud and best practices to prevent fraud from occurring.
Brian Brammeier, Chief Executive Officer, Higher Ground Managed Services
Arlen Lasinsky, CTP, Director, Marcum LLP
Best Practice FX Hedging: Understanding Earnings-at-Risk
Developing a hedging program starts with understanding FX exposures and determining risk management goals. If minimizing earnings volatility is a priority and multiple currencies impact earnings, Earnings at risk (EaR) is considered best practice. However, many companies do not use this approach due to its perceived complexity. Discover the fundamental elements necessary to create a successful hedging program, and see its application in a case study demonstrating accessibility and feasibility of EaR. Attendees are walked through a review of the principles of value at risk (VaR) and corporate applications and asked to make observations about risk and hedging strategy for a sample portfolio. VaR is then applied to the portfolio. After explaining the analysis, attendees are engaged in a discussion of whether their perceptions of hedging strategies have changed. A corporate speaker shares their experience using VaR, discussing how their company’s management approached cost/benefit and challenges around educating key stakeholders.
Michael Danilovich, CTP, Assistant Treasurer, Enova International, Inc.
Andreas Bodmeier, Ph.D., President, Quantitative Treasury Analytics, LLC
RegTech in Review
RegTech, or Regulatory Technology, is technology that has been developed to tackle the regulatory problems financial institutions and services may face. Big data, data visualization and blockchain are a few of these innovative technologies. Their features make them agile and dynamic and could aid your business’ compliance with regulations. Join this session for an exploration of how this technology is being used, where in your business RegTech would be most effective. Walk through a client, or compliance, lifecycle looking at key areas including sanctions screening, fraud and money laundering. Get an in-depth view of what Chainalysis does, why it was created and how Barclays is using it to understand the clients’ behavior.
Sarah Di Stefano, Head of AML Advisory, FinTech Specialist – Bitcoin/Blockchain, Barclays
Samantha Stutman, Financial Institutions Lead, Chainalysis
Cybersecurity: The Critical Role of Your Human Firewall
Globally, cyberattacks through business email are one of the largest threats to corporates, accounting for more than $5 billion dollars in losses. Combatting this rampant fraud requires a combination of cybersecurity technology and vigilant human capital. In this panel discussion, Anadarko Petroleum and Rotary International share best practices in educating their human firewall to mitigate risk; an FBI agent presents a law enforcement perspective on the need for ongoing education to aggressively combat threats; practitioners demonstrate fraud scenarios, and highlight procedures and processes for combatting fraud.
Carmen Gay, CTP, Director, Corporate Cash Management, Anadarko Petroleum Corporation
Mary Rosendahl, Global eChannel Solutions Executive, Bank of America Merrill Lynch
Jake Foiles, Special Agent, FBI
Richard Barrett, CFA, CTP(CD), Director of Treasury, Rotary International
Everyday Blockchain: What Corporate Treasury Learned from Bitcoin
Blockchain technology is here to stay and treasury practitioners will sooner or later have to be conversant in it. Explore the key concepts that make bitcoin such a great invention in this two-part session. In the first half, all the key concepts that make up the blockchain are explained in very simple language and intuitive terms. In the second half, this discussion examines how the modern corporation can take advantage of these great technologies and dives further into their novel features, challenges and duration of implementation.
Keara Killian, Treasurer, AppNexus
Francesco Tonin, FX Market Specialist, Bloomberg
Treasury Fraud: Locking Down Your Best Defense
The cybercrime landscape is constantly shifting, with criminals finding new and more sophisticated ways to gain access to your company’s information and funds. The most significant threat to today’s treasurers include the use of ransomware and an alarming increase in treasury fraud – from business email compromise to malicious insiders. To mitigate these risks the best defense is often a good offense. Attend this session for a focused discussion on the most recent threats to your treasury and the best practices you can adopt to keep fraud at bay. This expert panel of banking and corporate treasury professionals give you a comprehensive look at strategies for implementing a risk-based approach, effective technologies and the role insurance can play in preventing treasury fraud.
Nadya Hijazi, Managing Director and Global Head of GLCM Digital, HSBC
Regina Ochev, Vice President, Assistant Treasurer, Prologis
Jason Wong, Vice President & Treasurer, Tiffany & Co.
Should You Care about How Banks and Ratings Agencies Rate You?
Many Fortune 1000 companies receive an external rating from one or more nationally recognized statistical rating organizations, commonly known as credit rating agencies. In this session, corporate practitioners learn about the different roles of the national credit rating agencies versus the internal ratings assigned by their banks, as well as the differences in the methodologies each group uses to assign those ratings. Panelists analyze the impact of the ratings on public capital markets, the bank’s internal profitability assessment, and the company’s banking relationships. Practitioners are then able to use this understanding to more effectively manage bank relationships as well as to understand the key components to consider when allocating business to banks.
James Gilligan, CTP, FP&A, Assistant Treasurer, Great Plains Energy Incorporated
Stephan Ireland, Managing Director, Redbridge Debt & Treasury Advisory
Add Commodity Price Risk Hedging to Your Risk Management Toolkit
Commodity price risk management has historically been a challenge due to accounting rules that were often too complex or onerous. However, new standards from FASB have simplified the process, making it the ideal time to build protocols for hedging commodity price risk into your risk management program. Help your company meet its economic targets by avoiding commodity price fluctuations. During this session, speakers provide an overview of commodity risk, explain the most commonly used hedging methods and examine a real-world scenario that demonstrates these principles.
Quinton Baily, Chief Financial Officer, Executive Vice President, Dairy Management, Inc.
Sandra Koch, Director, Client Services, Hedge Trackers LLC
Mike McCully, President, The McCully Group