2021 RMA Annual Internal Audit Virtual Conference Agenda
Agenda
October 25-28, 2021
Join us virtually
Registration includes access to our inaugural Women in Risk Summit on October 29, 2021, as well as our Annual Risk Management Conference, also happening October 25-28.
Please Note That Agenda Is Subject To Change
MONDAY, October 25:
Our Changing World – Understanding the Big Picture
1:00pm - 2:00pm
Keynotes
Keynotes
Nancy Foster, President & CEO, The Risk Management Association
Michael Nassy, Executive Vice President & Chief Credit Officer, FVC Bank; RMA Board Chair
Trusting Your Gut: The Importance of Intuition and Courage in Risk Management
Michael Lewis, Best-Selling Author
A common thread runs through many of Michael Lewis’ best-seller books: as risks loom, only some people can see them and even fewer are brave enough to do anything about it. In this keynote session, Lewis talks with RMA President & CEO Nancy Foster about what sets apart those who can foresee risks and how they develop intuition and strength to act. Using examples from his book “The Premonition,” Lewis shares lessons from the inspiring characters who foresaw the pandemic and tried to prevent the worst.
The Art of Perseverance: Sounding Warnings When No One Will Listen
Dr. Charity Dean, CEO and Co-Founder, The Public Health Company
One of the bravest characters in Michael Lewis’ “The Premonition” is Charity Dean, then the head of Public Health in Santa Barbara County and later the assistant health commissioner of California. Dean routinely takes risks other public health commissioners will not – tackling hepatitis, meningitis, and other potential public health emergencies with little-to-no backing from others. And when it comes time to sound the alarm about COVID-19, no one will listen. In this session with RMA President & CEO Nancy Foster, Dean talks about her approach to risk management and how she developed the fortitude to stand alone.
2:00pm - 3:00pm
Chief Audit Executive Panel
Julie Scammahorn, Chief Audit Executive, Wells Fargo
Vernon H. Stafford, Jr., SEVP & Chiel Audit Executive, First Horizon
Shellie R. Creson, Executive Vice President & Chief Audit Executive, Fifth Third Bank
Kandace Heck, Chief Audit Executive, USBank
Theodore J Scallon, Partner, KPMG (Moderator)
The panel of chief audit executives from leading financial services organizations will discuss, among other things, lessons learned and how they responded to the pandemic; Internal Audit’s imperatives post Covid -19; keeping pace with the velocity of change and risk through modernization and innovation; talent management; DEI initiatives; ESG; the future of Internal Audit 2030, and how Internal Audit techniques and methodologies are adapting to accommodate the current and future environment.
Learning Objectives:
You will learn from this session the following key items:
- Gain valuable insight into pandemic- related risks and how internal audit functions successfully dealt with them.
- Understand how internal audit functions are planning and /or adapting with a hybrid/virtual workforce;
- Understand how modernization and transformation initiatives are critical to keep pace with the velocity of change and risks and the future of Internal Audit 2030; and
- Explore how Internal Audit functions are embracing DEI initiatives, as well as responding to increase focus on ESG internal audit coverage.
3:00pm - 4:00pm
Credit Review and Internal Audit: How They Interact Within the 3rd Line of Defense
Kevin T. Ryan, Chief Risk Review Officer and General Auditor, KeyCorp (Moderator)
Constance Keller, Head of Loan Review, BMO Harris
Stephanie Richard, Chief Audit Executive, Ally
Heidi Andrion, Director of Credit Review, Capital One
Since the financial crisis of 2008, most banks have strategically implemented a Three Lines of Defense organizational structure. Internal Audit and Credit Review functions are both considered to be within the third lines of defense in many institutions. Both have distinct independent testing/review responsibilities for two main asset classes: Commercial and Consumer Lending. We will discuss the interactions between Internal Audit and Credit Review, along with leading practices on how they have been able to adjust and enhance their collaboration since the pandemic took hold and how they will move forward into 2030.
Learning Objectives:
You will learn from this session the following key items:
- What does the world of Credit Review and Internal Audit look like as the Third Lines of Defense? What are the similarities of the two roles and challenges presented in conducting internal audits and reviews in Consumer and Commercial Lending - especially given the pandemic disruption?
- Blurred lines exist in every organization. Both Credit Review and Internal Audit are autonomous divisions within the bank. Given collaboration is highly important in any successful operation, we will discuss the challenges and rewards increased interaction and reliance presents.
- Learn about compliance and regulatory oversight. How has Covid impacted Credit Review and Internal Audit practices? How did the banks adjust and implement changes (temporary or permanent) to address this disruption and its impact on functions performed in Credit Review and Internal Audit, as well as their interactions with the regulators?
- Understand how the emerging risk of climate change is being addressed.
4:00pm - 5:00pm
Keynotes
Keynote - Looking to the Other Side of the Pandemic
Mark Zandi, Chief Economist, Moody's
The economic recovery has come a long way back from the severe recession precipitated when the pandemic struck 18 months ago, but it has a long way to go, and in some respects there is no going back.
Plenary Session
TUESDAY, October 26:
Our Industry – Key Risks Today and in the Future
10:00am - 10:30am
Sponsor Showcase: Fusion Risk Management
Operationalizing Compliance into Risk and Resiliency
Lauren Kornutick, Compliance Solutions Manager, Fusion Risk Management
Blaine Stahl, Director Emerging Products, Fusion Risk Management
Compliance is not just one person’s or departments responsibility – everyone in the organization has an obligation to comply with legal and regulatory obligations. Successful businesses operationalize compliance by integrating it into business processes and culture—so it becomes part of how people do their jobs.
In this session, Fusion will share with the audience:
- What it means to operationalize Compliance
- How to tell if you have operationalized Compliance
- Examples of steps you can take in your program to demonstrate program effectiveness
- Examples of how technology can help you achieve a more robust compliance program
10:30am - 11:00am
Sponsor Showcase: Ardmore Banking Advisors
Identifying Emerging Credit Risks to Assist all 3 Lines of Defense
Louis Dunham, SVP & Senior Director, Credit Risk Management, Ardmore Banking Advisors
Suzanne Storm, SVP, Credit Policy & Risk Management, Ardmore Banking Advisors
Peter Cherpack, EVP, Principal & Senior Director of Credit Technology, Ardmore Banking Advisors
Effective credit risk management starts with open collaboration from all three lines of defense. Learn from seasoned credit experts how the third line of defense can enhance the success of the first two lines through identifying emerging risk trends. Hear how lessons learned in the pandemic helped to define new best practices in proactive credit management and targeting emerging risks. This session is appropriate for all involved with credit risk management.
Key Learning Objectives:
- Learn how the bank can facilitate effective collaboration with all three lines of defense
- Understand how the third line can identify emerging risk trends using proactive risk practices and tools including:
- Key leading indicators of risk
- Portfolio analytics
- Portfolio stress testing
- Learn about real life examples that assisted institutions during COVID
11:00am - 11:30am
Sponsor Showcase: OakNorth
By Order of the President, It’s Time To Get Your Climate Change Risk Management Together. Are You Ready?
Mark Levonian, Senior Advisor, McKinsey & Company
Bruce Richards, Chair of the Board of Directors, Credit Suisse Holdings (USA)
Jeremiah Norton, Managing Member, Chain Bridge Partners, LLC
On May 20th, President Biden issued an Executive Order on Climate-Related Financial Risk, setting a 120-day deadline for legislators to develop a comprehensive, Government-wide strategy regarding the measurement, assessment, mitigation, and disclosure of climate-related financial risk. In this session, we’ll discuss the strategy, what it means for banks and their risk teams and processes, and how they can turn this future challenge into their next big opportunity.
Key Learning Objectives:
- What the Fed and other agencies are already doing with regards to climate change risk and the potential direction of travel
- Key challenges when it comes to climate change risk management and how to address them
- Being proactive rather than reactive when it comes to regulation around climate change risk
11:30am - 12:00pm
Sponsor Showcase: AFS
ESG and Commercial Lending: Managing Risk on the Path to Growth
Derrick Wise, Director, AFSVision
Jeremy Chalson, Senior Business Analyst
Awareness continues to increase rapidly throughout the banking industry regarding the importance of environmental, social and governance (ESG) issues. Normally it would take years for consensus to build on what the minimum bank reporting and transparency requirements will be; but the ESG agenda is moving forward unabated. What will this mean for your bank’s commercial lending business? How will ESG requirements affect your ability to manage risk? What special data requirements will you need? Are green loans or sustainability-linked loans really that different than other corporate loans?
We invite you to join AFS at RMA’s 2021 Annual Risk Management Conference for an in-depth discussion of emerging views – and solutions – for ESG reporting. AFS has been helping leading financial institutions with their commercial lending technology needs for over 50 years. Hear what your bank should be doing today to prepare for success and compliance in ESG lending.
1:00pm - 2:00pm
Keynote
Keynote - CRO Panel: Outlook 2022
Stephanie Bontemps, Exec VP/Chief Risk Officer, First Republic Bank
Clarke R. Starnes III, Chief Risk Officer, Truist Financial Corporation
Kevin Slane, EVP/Chief Risk Officer, Sandy Spring Bank
Mark Midkiff, Chief Risk Officer, KeyBank (Moderator)
The CRO's Outlook on the Industry
Hear from a panel of top Chief Risk Officers as they discuss key trends in the industry and function with RMA President & CEO Nancy Foster. Topics include workforce issues, including remote work and managing a five-generational workforce; working effectively with the first and third lines; how automation and analytics can enable the risk team; and the importance of customer experience to risk management planning.
2:00pm - 3:00pm
Auditing in a Digital World - Analytics/AI/Robotics/Automation
Chris Ononye, Chief Auditor Data Analytics and Credit Review, JPMorgan Chase
Jason Seeger, Audit Director, US Bank
Marc Sabino, Head of Innovation IA, Citi
Colleen McCullum, Senior Vice President, Capital One Audit
The pandemic has accelerated the advancement of technology in the financial services industry. With the sudden shift at the beginning of the pandemic to a remote workforce, there was a need to quickly adapt and accelerate the pace of technological innovation (e.g., Analytics; AI; Automation; and Robotics).
This session will explore the opportunities and advancements Internal Audit functions have engaged from effective/dynamic risk assessments to having the tools and techniques for smart internal auditing as they continue to transform and modernize to accommodate to current and future environment.
Learning Objectives:
You will learn from this session the following key items:
- Gain valuable insight into current / future technology enhancements that Internal Audit can employ to successfully address emerging risks as they plan, execute and report on their mandates.
- Understand how Internal Audit functions have made technological advancements to adapt and position their functions as their organizations continue to evolve with a hybrid/virtual workforce.
- Understand how modernization and transformation initiatives are critical to keeping pace with the velocity of change and risks and the future of Internal Audit; and
- Explore how internal audit has embraced and transformed their functions to create an integrated view of risk and controls.
3:00pm - 4:00pm
Auditing Commercial and Consumer Lending and Credit Risk Management in Times of Disruption and Uncertainty
Laurie A. Foster, Credit Risk Program Director - Team Lead, The Risk Management Association (Moderator)
George Buchanan, CRO Consumer and Wealth Management, Regions Financial Corporation
Michael Ankrom, Managing Director and Enterprise Credit Risk Executive, Bank of America
Stephanie Richard, Chief Audit Executive, Ally
Commercial and Consumer Lending (1st line of defense) and Commercial and Consumer Credit Risk Management (2nd Line of defense) have been on a roller coaster since the pandemic took hold in March 2020. With the recovery now on the horizon, a panel of CCO’s and Internal Auditors will discuss implementing the agile environment needed to address the pandemic’s impact on the borrowers and their organizations and what they overcame to set the path forward to 2030.
Learning Objectives:
The objectives of this session are to learn and understand the components and key risks for Auditing Commercial and Consumer Lending and Credit Risk Management, including:
- Impact that COVID-19 had on the following:
- Clients financial reporting.
- Stimulus support and how it impacted the early anticipated risk in NPL’s, unprecedented covenant defaults, downgrades, and deferments.
- Elements of CECL challenges of implementation, challenges of model validation or confidence with overlaying qualitative factors to address the various forecast scenarios on unemployment, and PD and LGD
- Risk grading challenges, regulatory impact and interaction, appraiser shortages.
- As the Commercial and Consumer lending and risk world continue to evolve, we will explore the Internal Audit/ML factors that could further impact lending and credit decisioning processes.
- Emerging risks such as climate, DEI, and cyber and fraud.
4:00pm - 5:00pm
Three Lines of Risk Management – Today, Tomorrow, and Future Possibilities
Paulette Mullings Bradnock, Chief Audit Executive, BNY Mellon
Emma Bredin, Global Chief Compliance and Ethics Officer, BNY Mellon
Ben Genek, Chief Risk Officer, Diawa capital Markets America Inc.
Justin Windschitl, SVP & Chief Risk Officer Consumer & Business Banking, US Bank
Rick Magliozzi, Managing Director, Protiviti (Moderator)
Join this session to explore strategic and tactical developments, initiatives, and emerging trends impacting how organizations are evolving practices around the Three Lines of Defense - also known as the three lines of risk management.
Learning Objectives:
The objectives of this session are to share actionable strategies from industry experts with experience across the first, second, and third lines of risk management including:
- Collaboration: What have organizations learned and how has collaboration evolved for the three lines?
- Practical experiences in modernizing practices and preparing the organization for the future;
- User experiences, including how reporting to the independent board and audit & risk committees have evolved; and
- Strategic plans for the future to evolve the tools used across the three lines and drive efficiencies.
WEDNESDAY, October 27:
Regulation – Navigating Today’s Requirements and Those to Come
10:00am - 10:30am
Sponsor Showcase: Equifax
Equifax CRE Tenant Risk Assessment Portfolio and Demo
Julia Roberson, Fintech & CRE Tech, Equifax
William Doxey, Product Manager, Commercial Risk, Equifax
Equifax is excited to share our leading portfolio of CRE Tenant Risk Assessments with RMA and this year's virtual attendees. Please join us to learn more on how to assess the financial health of your tenants, how to recognize risk, and the opportunity to find a simple solution to many complex challenges.
11:00am - 11:30am
Sponsor Showcase: Wolters Kluwer
Optimizing Balance Sheets and Leveraging Risk to Improve Financial Performance
Bill Collette, Managing Director, Wolters Kluwer Financial Services Solutions
Now, more than ever, banks have a renewed desire to optimize the performance of their finance functions. In this session, we will focus on how optimizing the budgeting, forecasting and performance management functions can ensure an accurate, transparent, and controlled process that will ultimately drive consistent measurement and empower accountability at all levels of decision making.
Key Learning Objectives:
- Integrate forward looking metrics into planning
- Balance financial and regulatory risk
- Offset margin compression
- Manage portfolio risk
- Drive accuracy into your business forecasts
11:30am - 12:00pm
Sponsor Showcase: nCino
Intelligent Enterprise Demo
Supercharging the nCino Bank Operating System®, nCino IQ (nIQ), leverages artificial intelligence (AI), machine learning and analytics to empower financial institutions with data-driven insights and intelligent automation. Join us for a session demonstrating tangible ways institutions can utilize nCino and nIQ products and features to enable automation and intelligence within the bank. From automating analysis to on-platform pricing optimization, you will get an in-depth view of nCino's latest innovations and how they can be leveraged within the commercial bank.
Key Learning Objectives:
- Learn now nCino utilizes machine learning and optical character recognition (OCR) to automatically interpret and extract data from financial statements, reducing spreading time up to 75%
- Learn how nCino is helping institutions fully digitize the credit analysis process to further increase speed and convenience
- See how intelligent automation improves financial spreading consistency and minimizes errors
- Watch how nCino has embedded pricing and profitability into the loan origination process to experience the power of on-platform
1:00pm - 2:00pm
Keynotes
Keynote - A Fireside Chat with OCC Acting Comptroller Michael J. Hsu
Nancy Foster, President & CEO, RMA
Michael Hsu, OCC
RMA’s CEO Nancy Foster chats with Acting Comptroller Michael J. Hsu on his priorities for the industry which include: guarding against complacency, reducing inequality in banking, adapting to digitalization, and acting on the risks posed by climate change. Where should bankers and regulators focus their attention as the pandemic continues? What could the next 10 years look like, considering new technology, new fintech entrants to the banking system, and the role of cryptocurrencies?
Plenary Session
2:00pm - 3:00pm
Cybersecurity - The Rise of Nation States and Cyber Attacks Against Financial Markets
Tim Ryan, Managing Director of Adherence, Shelter Harbor (Moderator)
Michael Chertoff, Co-Founder and Executive Chairman, The Chertoff Group
N. MacDonnell Ulsch, Founder of The China 863 Analyst, MacDonnell Ulsch Cyber Advisory LLC
Join this session to learn why Internal Auditors need to understand how Cyber-threats and network vulnerabilities pose complex risks that reach into new areas for global financial markets. This session looks at several areas related to cyber-threats and critical financial infrastructure.
Learning Objectives:
The objectives of this session are to learn and understand the following key risks related to the following:
- The various threats originating from nation states, organized crime and proxy nations;
- The recent presidential EO and how it attempts to mitigate such risks;
- Systematic orchestrated business information (including intellectual property) acquisition strategies;
- Use of AI in exporting smart-city surveillance, monitoring people and environmental conditions;
- Satellite-based e-commerce program is a U.S. risk game changer; and
- The use of audit techniques in assessing risk and determining audit coverage.
3:00pm - 4:00pm
Regulatory Panel
Eugenia Jocoby, National Bank Examiner, Office of the Comptroller of the Currency
Join our panel of regulators for an informative conversation on a wide range of topics impacting financial services. This engaging panel of regulators will discuss, among other things, key priorities, lessons learned from the pandemic, emerging themes from recent regulatory examinations, and their views on several relevant topics including concerns as organizations return to the office and look to incorporate many lessons learned over the past 18 months. Key topics may include:
- Highlights of key exam priorities and expected changes for large, regional, and community financial institutions;
- Emerging and evolving environmental, social, and governance (ESG) practices and reporting including climate and diversity, equity and inclusion;
- With the variety of trends in payment, how is the regulatory landscape adjusting?
- Operational resilience of critical systems and disaster recovery;
- Data Privacy, GDPR, and state level data privacy laws; and
- Lessons learned on third-party/ extended risk management.
Learning Objectives:
The objectives of this session are to obtain insights related to emerging regulatory issues and changes facing the financial services industry to inform:
- Key areas of coverage across the three lines of risk management including Audit, Compliance, Risk, and the business;
- Regulatory expectations of Internal Audit to inform the maturation of the audit program; and
- Deeper knowledge of future changes directly impacting the industry
Areas of focus and insights gained will directly assist in targeting audit coverage and governance reporting.
4:00pm - 5:00pm
Emerging Regulatory Topics and Their Impact on Internal Audit
Rich Reynolds, Partner, PwC (Moderator)
TJ Haynes - Morgan, Chief Audit Executive, Raymond James
Gilbert Gitiche, Chief Audit Executive, USAA
Denise DeMaio, Chief Audit Executive, MUFG Union Bank., N.A.
The focus of the session will be built firmly on the regulatory guidance for the financial services industry, and understanding Internal Audits roles and responsibilities related to some of these emerging regulatory topics (including environment, social and governance (ESG) and other relevant topics discussed in the Regulatory Panel session.
Learning Objectives:
The objectives of this session are to learn and understand the components and key risks including:
- Identifying and discussing the impact of emerging regulatory topics from an industry and Internal Audit perspective; and
- Sharing varying approaches Internal Audit can utilize in addressing coverage of these emerging regulatory topics.
THURSDAY, October 28:
Your Business – Winning in the New Marketplace
10:00am - 10:30am
Sponsor Showcase: Spinnaker Consulting Group
Risk and Data: Better Together in Driving Data Excellence Cultural Transformations
Stephanie Lennon, Principal, Data and Analytics, Spinnaker Consulting Group
Cara Williams, Principal, Risk Management and Regulatory, Compliance Practice, Spinnaker Consulting Group
From front line data collection to C-suite decision-making, nearly every member of your bank is a data producer and/or data consumer. The problem arises when associates don’t think about their role in data management, introducing risk and exposing your organization to regulatory scrutiny. As data becomes recognized as mission critical, banks hire and charge their Data Officers to lead cultural transformations centered around the vitality of high-quality data and the role each individual plays in its creation and usage.
To navigate this transformation, banks must consider their data transformations on both the risk governance and data management dimensions. Change management is crucial in the journey to a well-governed, data-driven organization. Join Spinnaker Principals Cara Williams (Risk Management) and Stephanie Lennon (Data & Analytics) as they explore what an effective partnership looks like and how these two functions of the business can collaborate to ensure its future in a data-rich world.
Key Learning Objectives:
- The value of collaboration between risk and data leaders
- The importance of change management as CDOs lead cultural transformations
- Why data process excellence is a smart priority
11:00am - 11:30am
Sponsor Showcase: InfoAgora
Managing Evolving Risks In Credit Portfolios Post Pandemic
Grigoris Karakoulas, President, InfoAgora Inc.
The speed, severity and uncertainty of the pandemic induced recession has revealed gaps in pertinent data, economic scenarios, and risk assessment models for portfolio management. Furthermore, the asymmetric recovery for certain industries and asset classes requires credit portfolio managers to go deeper into borrower financials and business models using resilience indicators and scenario analysis in order to more accurately estimate and price risk. While the above refer to credit risk, the extreme weather phenomena of the last decade have elevated the importance of an evolving type of risk, the climate-related financial risk.
Thus, in this presentation we will first illustrate how to develop relevant scenarios for consistently measuring credit risk across use cases, from credit risk assessment and stress testing to business planning. We will then analyze the transmission channels of climate risk to financial risk in general and credit risk in particular, and show how to extend the above scenario analysis framework for assessing the resilience of a portfolio and bank to climate-related financial risk.
Who should attend: The target audience includes C-suite executives, risk officers and portfolio managers of community banks. The presentation will help them to: (i) improve their portfolio management; (ii) more accurately estimate and price credit risk; (iii) assess the resilience of a portfolio and bank to climate-related financial risk.
Key Learning Objectives:
- Closing gaps in portfolio management and enhancing it with resilience indicators and scenario analysis
- A scenario analysis framework for consistently measuring credit risk across use cases
- Extending the framework to analyze the resilience of a portfolio and bank to climate-related financial risk.
11:30am - 12:00pm
Sponsor Showcase: Credit Risk Navigator
Benchmark Your Bank's Credit Risk Performance Against Peers
Measuring your commercial loan performance is necessary during any part of the economic cycle and even more critical during periods of stress. Understanding how your portfolio stacks up against other banks can help you adjust your strategy. Come see how RMA Credit Risk Navigator makes this easy through customizable dashboards. Presented by Tom Cronin of AFS, we will be showing a variety of use cases in this showcase.
1:00pm - 2:00pm
Keynote
Keynote - Transformative Leadership: The Necessity of Our Time
Charlie Scharf, CEO at Wells Fargo
Wells Fargo CEO Charlie Scharf discusses how to lead in this challenging and unique time. Focusing on culture and employee issues, Scharf discusses how banks can transform to an era of new customer and employee experience and manage through the impacts of COVID and other risk challenges.
2:00pm - 3:00pm
Managing the Impact of the Pandemic on Financial Crimes
Vikas Agarwal, Partner, PwC (Moderator)
Michael DeNicola, Special Agent Cyber Division, FBI
Satish M. Kini, Partner, Debevoise & Plimpton
Margaret McLaughlin, Managing Director, Head of Prof Practice, Issue Assurance and Reg. Engagement, UBS
Join this session to learn how institutions are managing the impact of the pandemic on their fraud / cybercrime risk profile.
Learning Objectives:
The objectives of this session are to understand the following:
- Current AML considerations;
- Cybersecurity and technology challenges post-pandemic; and
- Responsive measures being taken by financial institutions.
Cryptocurrencies and Digital Assets
Moderator: Markus Veith, Partner, Grant Thornton
A Michael Smith, Chief Audit Executive, Nasdaq Inc.
Lory Kehoe, Global Director, Digital Assets & Blockchain, Advanced Solutions, BNY Mellon
Hubert Recana, Senior Manager, Citi
The proliferation of cryptocurrencies introduces new risks and challenges for anti-money laundering (AML) compliance programs, related to Know Your Customer (KYC), sanctions screening and transaction monitoring.
Navigating the evolving regulatory environment to capitalize on cryptocurrency opportunities is a dilemma faced by financial institutions as regulatory scrutiny heightens. This increased regulation can disrupt investment prospects and result in missed opportunities, specifically in the cryptocurrency market. Staying ahead of the curve and understanding leading practices for a sound cryptocurrency AML compliance program is of utmost importance.
Learning Objectives:
The objectives of this session are to learn and understand the components and key risks including:
- Discuss the digital asset landscape and define/describe some of the more significant asset types (and technologies employed) and their relative usage and maturity;
- Understand current regulatory requirements and identify regulatory authorities on cryptocurrencies;
- Identify recent regulatory highlights that could have major impact on the cryptocurrency space; and
- Understand the risks specific to cryptocurrencies and unique controls that companies should consider implementing to address these risks.
3:00pm - 4:00pm
Modernization and Transformation of Internal Audit Practices
Jason Towne, Chief Audit Executive, Citizens
Diana Pagliarini, Chief Audit Executive, State Street
Brian Goldwater, Audit Director, M&T
Eric Cahn, Managing Director, Internal Audit Strategy, Methodology, and Tools, JP Morgan Chase
Join this session for an interactive panel that explores how internal audit functions have continued to modernize and transform their departments through strategic advancements in staffing, procedures, and technology. This session will cover leading practices in quality assurances; adoption of agile; and improvements in meeting and exceeding stakeholder expectations through effective communication and maintaining a heightened sense of relevance.
Learning Objectives:
You will learn from this session the following key items:
- Gain valuable insight into current / future enhancements that Internal Audit can employ to successfully advance their function;
- Understand how Internal Audit functions have made advancements to adapt and position their functions to enhance their relevancy and increase their communication and reporting; and
- Understand how modernization and transformation initiatives are critical to keep pace with the velocity of change, risks, and the future of Internal Audit.
4:00pm - 5:00pm