SIFMA's Compliance & Legal Society 2018 Regional Seminars will be held in Boston at the Seaport Hotel on May 1.…
Joint IAS & IIA Educational Session
Emerging Risks that We Need to Think About for the New Year
Prevalent and emerging risks are creating a significant impact across the securities and financial services industries. Cyber-threats, Privacy, AML, Corporate Culture, Fraud Risk, Bank Secrecy Act, Continuous Monitoring, Asset Management and other hot topics around Automation and Robotics are becoming more and more prevalent. As a result, financial organizations need to navigate the related and challenging risks associated with these emerging areas. Session attendees will enrich their understanding in these fields based on the presentations and discussions.
Hear Speakers From:
- Accume Partners
- U.S. Treasury
Topics will Include:
- AML and Bank Secrecy Act
- Asset Management Update
- Continuous Auditing & Monitoring
- Corporate Culture
- Cybersecurity and Privacy
- IA Automation
|Member||Member - Webinar|
8:30am – 9:00am
9:00am – 10:00am
Financial services organizations continue to be challenged by cost pressures, regulatory scrutiny, and an overall talent management shortage. As a result, many organizations (including internal audit departments) are beginning to consider how they can better operationalize and simplify their business processes by realizing and leveraging the benefits of automation. Business units within financial services are making formal investments to thoughtfully establish their strategy for entertaining the incorporation of automation and the creation of their virtual workforce. However, it is vital to consider the risk and control implications of automation implementations to prepare for this cultural, transformational change.
George Kaczmarskyj, David Kahan, Andrew Oltmanns
10:00am – 10:50am
In the world of evolving digital disruption, Internal Audit functions need to embrace Continuous Monitoring and Continuous Auditing. A move toward Continuous Auditing (CA) can be complex, but the benefits provided by the increased transparency are undeniable and far outweigh the cost and effort involved. CA is valuable because it provides Internal Audit (IA) the ability to increase the scope and effectiveness of coverage, without increasing cost. This leads to an overall reduction in risk. Implementing CA does come with challenges, but savvy IA functions approach CA thoughtfully, starting small by selecting a proof of concept which provides maximum benefit with minimal effort.
Abhishek Bharti, Khalid Wasti
10:50am – 11:00am
11:00am – 11:50am
This panel will discuss updates pertaining to asset management and its interaction with various forms of financial services industry that include but not limited to Insurance and Banking. Topics will include asset management regulation, industry trends and best practices.
Robert Gilmer, Elad Hod, Shruti Shah, Bertram Spence, Christian Vardeleon
12:00pm – 1:00pm
1:00pm – 2:00pm
The panel will discuss current developments and challenges with AML and BSA requirements. The panel topics will cover AML, BSA, updated CDD, AML Risk Management, AML Investigations of Financial Service Organizations, NYS-DFS requirements, data integrity … and lastly, the important audit considerations we need to know about within financial services.
Colleen Vallen, Young Lee, Victor Lessoff, K.D. Mehra
2:00pm – 2:50pm
A financial services subject matter professional will share experiences on how they have evolved corporate risk culture assessment and reporting practices within their client organizations. The discussion will range from a focus on nature and form of corporate risk culture assessments and data/metric deployment techniques to evidence based testing, reporting conclusions and annual risk culture opinions.
Stacey A. Guardino, Ursula Nigrelli
2:50pm – 3:00pm
3:00pm – 3:50pm
This presentation will address emerging and viable cybersecurity and privacy threats within financial services and what is needed in addressing such threats. The session will cover emerging cyber threats impacting financial services, recent publicized events, related control defects and lessons learned. Additional elements will include legal aspects, regulatory trends, disclosure requirements and key internal interactions. Lastly, audit and risk management practices will also be included as part of the dialog.
3:50pm – 4:40pm
Digital Testing Approach (DTA) - In today’s digital environment, automation and emerging technologies can greatly improve the effectiveness and efficiency of Internal Audit (IA) departments. However the integration of automation to support and compliment management’s testing programs can present challenges. This session will dive into the practical approach of automating testing and how to overcome potential barriers. We will discuss leading practices on how Internal Audit (IA) departments can approach this challenge in a meaningful and practical way. We will discuss the following:
- What are the concerns and challenges IA/management are facing to automate their testing environment?
- What is the most effective way that IA can drive the transformation of their testing programs from a manual “check the box” exercise to an automated, value-driven program?
- How can IA demonstrate enhanced value to their organization by implementing an effective automated testing strategy?
4:40pm – 6:00pm
SIFMA Conference Center
New York, NY 10271
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.
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
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
Terms and Conditions
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.
Conference registration substitutions are welcome. Email Lizzie Grimm at [email protected] with the following information and we will confirm the change: original registrant’s full name, substitute registrant’s full name, mailing address, title, phone and email.
Refunds will be granted for cancellations made three weeks prior to the start of the event. All cancellation requests are subject to a $100 processing fee and must be made in writing.
Recommended CPE credit hours: 7.4
Program Level: Intermediate
Prerequisites: Knowledge of Audit Industry
Advanced Prep: None
Delivery Method: Group Live or Webinar
Fields of Study: 2.2 Credits on Information Technology / 2 Credits on Audit / 2.2 Credits on Finance / 1 Credit on Management Services
*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.