IAS Seminar

Stay Strong for 2018 - What Emerging Risks We Need to Be Aware Of

Date

April 10, 2018

Location

New York, NY

Hosted by

SIFMA IAS

Overview

In 2018, prevalent and emerging risks are creating a significant impact across the securities and financial services industries.  Some of the key emerging risks include: industry-wide cyber-attacks, retrospective exposures, blockchain technology, cryptocurrency concerns, data privacy, audit coverage risk, and faulty data.  As a result, financial organizations need to navigate these related and challenging risks associated with these emerging areas in order to stay strong for 2018. Session attendees will enrich their understanding in these fields based on the presentations and discussions.

Hear Speakers From:

  • Accume Partners
  • Citrin Cooperman
  • Protiviti
  • KPMG
  • Deloitte

Participants will Learn:

  • EU General Data Protection Rule
  • Cybersecurity
  • Blockchain
  • Cryptocurrency
  • Retrospective Review
  • Agile for Internal Audit
  • Data Analytics
  • Quantum Dawn 4

Program

8:00am – 6:00pm

Registration Desk Hours

8:00am – 8:25am

Continental Breakfast

8:25am – 8:30am

Opening Remarks

8:30am – 10:10am

The financial services industry is facing emerging technologies that are both exciting and misunderstood. As Blockchain and Cryptocurrency technology gains wide acceptance, the risks associated with them must be understood,…

The financial services industry is facing emerging technologies that are both exciting and misunderstood. As Blockchain and Cryptocurrency technology gains wide acceptance, the risks associated with them must be understood, evaluated and addressed. The session will start with the evolution, definition and purpose of these technologies. Next, attendees will learn how they are used and how they are disrupting every industry category. Lastly, the impact to, and the changes in Internal Audit, Information Technology Audits and Business Process Audits will be discussed. The session will also feature an actual online demonstration of these technologies.

Participants

Prince Huda

Speaker

Prince Huda

Senior Audit Manager

Protiviti

Prince Huda’s Biography

10:10am – 10:25am

Networking Break

10:25am – 11:15am

Agile is more than just  a methodology, rather a philosophy which aims to reduce costs and time to delivery while improving quality. Key characteristics of agile include delivering tested products…

Agile is more than just  a methodology, rather a philosophy which aims to reduce costs and time to delivery while improving quality. Key characteristics of agile include delivering tested products in short iterations and involving internal customers during each iteration to refine requirements. Agile Internal Audit is the mindset an Internal Audit function will adopt to focus on stakeholder needs, accelerate audit cycles, drive timely insights, reduce wasted effort, and generate less documentation. Agile prompts internal auditors and stakeholders to determine, upfront, the value to be delivered by an audit or project, the level of assurance needed, risks needed to be addressed and communicating those risks in real time at which point, the audit or project aims to produce that value.  Finally, reporting doesn’t focus on documenting the work but on providing insights. Successful adoption of an Agile Internal Audit methodology depends on mutually understood goals, transparency about the work, and efficient resourcing. This is not, as some mistakenly believe, about cost cutting.  An Agile Internal Audit approach can help the Internal Audit function elevate its value to the organization and its delivery of assurance, advisory, and risk anticipation services.

Participants

Aditi Jain

Speaker

Aditi Jain

Senior Manager, Agile Internal Audit Specialist

Deloitte & Touche LLP

Aditi Jain’s Biography

11:15am – 12:05pm

Participants

Gabi Bass, Sarah Hammond, Sanjay Marwaha, David Roath

Speakers

Gabi Bass

Executive Coordinator

Accume Partners

Gabi Bass’s Biography

Sarah Hammond

Director, Risk Advisory

Accume Partners

Sarah Hammond’s Biography

Sanjay Marwaha

Managing Director, US Risk and Regulatory Advisory Practice Leader

Accume Partners

Sanjay Marwaha’s Biography

David Roath

Chief Executive Officer

Accume Partners

David Roath’s Biography

12:05pm – 1:20pm

Networking Lunch

1:20pm – 2:10pm

Securities and financial services firms are under ever-increasing threat of cybersecurity attack.  Firms need to continually and iteratively enhance technical and physical security to reduce the risk of systems being…

Securities and financial services firms are under ever-increasing threat of cybersecurity attack.  Firms need to continually and iteratively enhance technical and physical security to reduce the risk of systems being breached and data exposed or compromised, enhance controls so that breaches are detected and responded to as rapidly as possible, and review and test methods and procedures to ensure that they’re properly designed and working effectively.  Failure to do so can leave firms exposed to regulatory sanction, financial loss and reputational damage. Session attendees will gain insights into the current cybersecurity threat landscape, learn the key operational objectives of a cybersecurity program, explore the NIST Framework for Improving Critical Infrastructure Cybersecurity, and learn recommended best practices and controls that should be designed, implemented and audited to help assess, manage and mitigate cybersecurity risks.

Participants

David J. Rosenbaum

Speaker

David J. Rosenbaum

Principal

Citrin Cooperman

David J. Rosenbaum’s Biography

2:10pm – 3:00pm

Session Description: The use of data analytics to support audit activities has been one of the biggest changes in the internal audit trade over the last few years.  Data analytics…

Session Description: The use of data analytics to support audit activities has been one of the biggest changes in the internal audit trade over the last few years.  Data analytics refers to the science of examining raw data with the purpose of drawing conclusions about information.  For internal auditors, this includes reviewing independently obtained data to draw conclusions about risk mitigation, control effectiveness and conduct continuous monitoring of business processes.  In this session, you will hear data analytics practitioners from leading financial industry organizations discuss the value proposition for the use of data analytics within internal audit and innovative tools and techniques.

Participants

Greg Boyd, Ronald Guzman, Steven Jacovetti, Ivan Martinez, Danijel Sofric

Panelists

Greg Boyd

Director, Data & Advanced Analytics

Protiviti

Greg Boyd’s Biography

Ronald Guzman

Managing Director – Audit, Global Data Analytics

JPMorgan Chase & Co.

Ronald Guzman’s Biography

Steven Jacovetti

Executive Director, Head of IT Audit

DTCC

Steven Jacovetti’s Biography

Ivan Martinez

Global Head of Internal Audit Data Analytics

Goldman, Sachs & Co.

Ivan Martinez’s Biography

Danijel Sofric

Vice President – Internal Audit Data Analytics

Société Générale

Danijel Sofric’s Biography

3:00pm – 3:15pm

Networking Break

3:15pm – 4:05pm

Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice and improve coordination with key industry and government partners in…

Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice and improve coordination with key industry and government partners in order to maintain market operations in the event of a systemic cyber-attack.  Quantum Dawn IV took place last November and was coordinated by SIFMA using service providers NUARI (Norwich University Applied Research Institutes) and SimSpace.  Attendees will learn about the interaction across functions internally and with partners externally as they exercise their crisis response and communications plans.

Participants

Thomas M. Wagner

Speaker

Thomas M. Wagner

Managing Director, Financial Services Operations

SIFMA

Thomas M. Wagner’s Biography

4:05pm – 4:55pm

With the ability to significantly augment human capabilities, intelligent automation enables enterprises to drive greater value and transform how they do business across all three lines of defense. But it…

With the ability to significantly augment human capabilities, intelligent automation enables enterprises to drive greater value and transform how they do business across all three lines of defense. But it should also be considered as an area of emerging risk.  As such, internal audit has a critical role to play in enterprise-wide intelligent automation programs. It can—and should—have a seat at the table in developing the organization’s intelligent automation strategy and implementation plan across all three lines of defense.  In this session we will discuss how internal audit can help identify opportunities to embed automation-enabled control activities into business processes and functions on the intelligent automation journey and explore how internal audit can increase its own value by capitalizing on intelligent automation within the scope of daily internal audit activities.

Participants

Charles King, Ursula Nigrelli

Speakers

Charles King

Director

KPMG LLP

Charles King’s Biography

Ursula Nigrelli

Managing Director, Advisory – Risk Asurance

KPMG LLP

Ursula Nigrelli’s Biography

4:55pm – 5:00pm

Closing Remarks

5:00pm – 6:00pm

Networking Reception

Venue

SIFMA Conference Center

120 Broadway
Floor 2
New York, NY 10271

View on Google Maps

Located at 120 Broadway, a National Historic Landmark and a New York treasure, the SIFMA Conference Center is situated at the heart of New York’s Financial District.

With a rare combination of advanced technologies and sophistication, SIFMA’s Conference Center is fully furnished and equipped to offer unique features that stand alone amongst New York’s leading conference facilities.

Picture of venue

Hotel Accommodations

If you require hotel accommodation, a special SIFMA rate is available at the following:

Double Tree by Hilton Hotel – Financial District
8 Stone Street, New York, NY  10004, Phone# 212-480-9100
DISCOUNT: Corporate ID #0560038852

Club Quarters
52 William Street, New York, NY 10005, Phone# 212-269-6400
DISCOUNT: Password (SIFMA)

Residence Inn New York Downtown Manhattan / World Trade Center
170 Broadway, New York, NY 10007, Phone# 212-600-8900
DISCOUNT: Password (SIFMA)

Accreditation

CPE

Recommended CPE credit hours: 8
Program Level: Intermediate
Prerequisites: None
Advanced Prep: None
Delivery Method: Group Live or Webinar
Fields of Study: Information Technology, Auditing, Regulatory Ethics, Statistics

* CEU Institute to provide CPE certificates

CEU Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individuals courses for CPE credit. Complaints regarding registered sponsors may be substitutes to the National Registry of CPE Sponsors through its website: www.nasbaregistry.com.

Terms and Conditions

Cancellations

No refunds will be made for cancellations after April 3, 2018. All cancellation requests are subject to a $100 processing fee. Cancellations prior to refund cutoff date must be in writing.

Policy

Code of Conduct
SIFMA meetings and events are intended to educate and engage our members and industry participants in thoughtful conversations. Inappropriate behavior will not be tolerated. SIFMA defines inappropriate behavior as any possible illegal conduct, verbal or physical abuse of any type, use of derogatory or discriminatory language, gestures or actions, unwanted invasions of privacy, any form of harassment, racism, sexism, or any other targeted comments which are intended to cause personal offense to another participant either in-person at the event or through social media channels, or the violation of any local, state, or federal laws or regulations.

If you are involved in or witness an incident at a SIFMA meeting or event that violates this Code of Conduct, please use this anonymous incident report form to let SIFMA know immediately. Please provide as much information as possible about the incident so that we can make a proper investigation. Any violations of law should be reported to law enforcement authorities.

SIFMA will investigate any reported incidents swiftly and confidentially if possible. SIFMA, at our discretion, may act on any reports of inappropriate behavior, including but not limited to removing a participant from the meeting or event and/or bar that person from attending future SIFMA meetings or events. SIFMA shall not refund any money paid for such attendee to attend the meeting or event, or for any travel expenses incurred to attend.