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AFB Virtual Seminar: AFB Future of Work Series – Finance & Risk 16.6.21

Lockdown restrictions imposed by the COVID-19 pandemic in 2020 significantly impacted the traditional operating models maintained by financial services firms. As we now transition out of lockdown, firms must  begin to reassess the appropriateness of their historic operating models in light of the changes COVID-19 has brought about to our working arrangements. 

The AFB is delighted to partner with Promontory, member of the FCA’s Skilled Person panel,  to help foreign banks understand the practical implications, challenges and risks of implementing a hybrid working model, specifically from an operational resilience perspective.

Please note the AFB has a new website and member portal, you will need to log in to our member portal to complete your event registration.  The log in details you used previously on our old website will no longer work.

Why attend?

The virtual seminar will be split into two key focus areas:

  1.        The challenges and risks of implementing a hybrid working model 

 •            The risks associated with a hybrid working model and the potential mitigants firms can consider to address these

 •            The future of trading floors in a post-COVID-19 environment 

 •            Lessons learnt

  1.        The operational implications of implementing a hybrid working model

  •            The impact of outsourcing business and operational functions in a pandemic

  •            The evolving nature of cyber risk and fraud

What can participants implement Back@Bank after this virtual seminar?

  •         A good understanding of the practical implications of implementing a hybrid working model

  •         Approaches of firms in identifying and managing the risks and challenges of implementing a hybrid working model

  •         Industry insights in how other firms are navigating the challenges brought about by COVID-19

Who should attend?

This seminar is aimed at banking professionals in finance, risk, business and operations.

Speaker biographies

Munib Ali,Managing Director – Munib Ali leads Promontory’s Wholesale practice and has worked in the financial services compliance field for over 20 years. Since joining Promontory, Munib has been assisting global investment institutions with addressing regulatory issues, including in response to scrutiny or actions from regulators. He has been supporting clients design and implement strengthened compliance operating models across the 1st and 2nd lines of defence, and to address recent and upcoming regulatory changes. Prior to joining Promontory, Munib was the Compliance Director for Santander’s Global Banking & Markets and Corporate businesses. There, he was involved in a number of critical compliance initiatives. Previous to Santander, Munib held senior positions at PwC and Ernst & Young, where he lead and executed a number of reviews across a number of key regulatory areas.

Tony Boorman,Managing Director – Tony leads Promontory’s Conduct and Governance practice. He has advised banks, insurers, and other firms on several wide-ranging regulatory topics, including reviewing control frameworks and compliance arrangements, and advising Board and executive members on SMCR and the regulatory implications of culture. He is an experienced Skilled Person having led several regulator-commissioned s166 reviews and a Bank of England directed s195 review for a recognised Payment Systems Operator focusing on governance and risk management. He has extensive experience of advising on redress and remediation schemes.Tony joined Promontory after an extensive career at the Financial Ombudsman Service (FOS), where he served as Chief Ombudsman and Chief Executive. He previously held senior roles in energy regulation, focusing on competition policy and delivering operational change.

Prashant Jobanputra, Managing Director – Prashant heads Promontory’s Operational Resilience practice and leads its joint engagements with IBM. He assists major financial institutions with operational and technological resilience and risks, as well as with systems and controls. He has led numerous technology-related business change engagements, including corporate-wide international change programmes, and has extensive experience working on Basel, MiFID, KYC and AML projects. In his roles, Prashant led programmes on improving operational process controls, business resilience and assisted with the use of technology in business change delivery. Prashant joined Promontory after working in risk and compliance, most recently at a top tier global investment bank where he occupied senior positions in operations, risk and controls.

Gregory Rossi,Director– Gregory is a former Senior Compliance officer with rich knowledge of the U.K. regulatory and compliance agenda and its strategic and operational impact on global banking institutions. Since joining Promontory, he has worked with a number of Wholesale institutions supporting them on a range of topics including Compliance target operating models, governance and controls, market abuse, conduct risk, best execution and conflicts of interest. He has also advised a number of clients on regulatory strategy and has supported clients in managing s166 reviews including advising them on regulatory engagement and remediation planning. Prior to joining Promontory, Gregory acted as a strategic advisor to Barclays senior management within the Investment Bank on their engagement with the PRA/FCA. Gregory was also a Senior Compliance Advisor for Santander’s Banking & Markets business. Previous to this, Gregory worked at a number of big four firms and led a number of complex regulatory change projects including supporting firms to comply with MiFID II and EMIR regulatory requirements.

Daniel Chessher, Principal – Daniel is a Principal in Promontory’s Wholesale Department. He assists a broad range of clients, with a specific focus on market abuse and trader conduct. Daniel has conducted a market abuse risk assessment for a Canadian Bank, developed remediation plans and reviewed the effectiveness of a firm’s compliance department with a specific focus on enhancing the existing MI suite, reviewing and providing recommendations on the market abuse governance and control framework, providing tactical solutions to enhance existing surveillance and monitoring activities and reviewing the operational effectiveness and coverage of the control room. Prior to joining Promontory, Daniel worked at KPMG in their Banking Authorisations Team and at BNP Paribas in their Corporate and Investment Banking compliance department.

Optional extended Q&A

After the virtual seminar finishes at 10.00, members who wish to do so can remain online for an extended Q&A until approximately 10.30. Participants can put questions to the speakers and discuss relevant issues, as well as explore related topics. Please note that speakers will be happy to discuss general questions during this session but will not be able to give legal advice on an individual member’s  questions.

Logistics

Please note the AFB has a new website and member portal, you will need to log in to our member portal to complete your event registration.  The log in details you used previously on our old website will no longer work.  Your username is your email address, use the ‘Recover your log in details’ button as this will allow you to set a password.  Alternatively,  If you cannot remember your password, you can reset this here or email sara.winter@foreignbanks.org.uk You will receive details on how to join the session a few days before the event.

This seminar will be recorded.

Cost:       Free to attend (included in AFB membership)

Format:   Virtual seminar (Platform used: Webex)

Time:      09:00 to 10:00 –Virtual Seminar

               10:00 to 10:30 – Optional extended Q&A

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the virtual session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. The session will be held under the Chatham House Rule, in order to promote free and constructive discussion. You will receive details on how to join the virtual session a few days before the event.