SPEAKERS

• Defining and re-valuating the organization’s risk appetite – The long-term perspective
• Continuous monitoring and calibration of the risk landscape
• Potential shifts in risk appetite – Flexibility needs, correlated vs de-correlated risks
• Required controls and checks
• Case studies

Over the past years banks have invested time and effort in fulfilling their role as a gatekeeper for the financial system. What risks are banks mitigating, and how successful are banks in their efforts? Martine Martens is Director of KYC and within Rabobank responsible for customer due diligence on private clients. With her many years in the KYC domain, she reflects on the results so far, the impact on the banks and how the future of KYC could look like.

• Social impact of drugs, weapons, human trafficking and terrorist finance
• The KYC chain (government, police, reporting authorities, accountancy, notary republics and financial institutions)
• Role of the banks and how they are managed
• Importance of IT solutions

The future is increasingly digital with a changing role of data, serving not just a purpose of risk quantification, but also active risk management. This presentation will address how we at Nordea work towards:

• Enhancing the Operational Risk Management Framework to be more informed by data
• Building data into activities pertaining to risk appetite, prioritization, oversight, and reporting
• Creating analytics solutions enabling more continuous monitoring and a common understanding
• Balancing between data and professional judgment

Third-Party Risk Management and Resilience in the Supply chain are of great importance to many organizations. Much emphasis is being placed on Critical Third Parties to ensure continuous service to businesses. But many organizations heavily rely on Nth Parties to provide services to enable the Third Party to fulfil its obligations to its clients. One of the downsides to the relationship between Third and Nth Parties is the delays in the upward steam supply chain impacting the delivery of services and, in certain, instant delivery of regulatory requirements.

This presentation covers the following:

• Post-pandemic trauma on third parties
• Third-party/Nth Party Relationships
• Impact on resilience in the supply chain
• What does good look like in Third/Nth party relationships