ANNUAL RISK CONFERENCE | JAR 2023

Conference:

Financial supervision. Importance of integrated risk management in market supervision and regulation activities

He has an extensive career that includes executive roles in the financial industry (public and private sectors), as well as consultant, analyst, educator and shaper of public opinion in the financial field. He holds a cum laude degree in International Relations from the Walsh School of Georgetown University (1994), was a Chevening scholar (1995) and holds a Master’s in International Business and Finance from the Fletcher School of Tufts University (2000). He received training at the Harvard and Dartmouth Business and Government School, Citigroup, Standard & Poor’s, the World Bank and the Association of Banking Supervisors of the Americas.

With more than 25 years of professional experience in the financial sector, Fernández Whipple has been Technical Advisor to the Superintendent of Banks in the resolution process of a bank rescued by the Monetary and Financial Authority. He was a Manager at the Superintendency of Banks, with primary responsibility for the technical areas of the banking supervisory body and for follow-up of the Stand-By Arrangement with the International Monetary Fund.

He held senior roles up to the rank of vice president at Citibank, N.A. and at Banco Popular Dominicano, C. por A. His practice at both institutions focused on Corporate Banking and Risk Management, mainly for the institutional, business and corporate segments.

Founder of Argentarium SRL, an analyst firm specializing in the financial sector, where he led projects that translate into important contributions to the development of financial education and the protection of banking users’ rights.

For 15 years he was a professor of Financial Statement Analysis, Banking and Corporate Finance at the Pontificia Universidad Católica Madre y Maestra (PUCMM) and the Universidad Iberoamericana (UNIBE).

Speakers

Presentation:

Risk mitigation. Strengthening the Tone at the Top for effective management.

Erich Schumann is a founding partner of Global Atlantic Partners LLC and managing partner of its business consulting services, which provides clients with business development needs or those experiencing transitional management challenges with creative, cost-efficient and expedient solutions. Mr. Schumann is a Certified Internal Auditor (CIA), a Certified Fraud Examiner (CFE), a Certified in Risk and Information Systems Control (CRISC), a Certified in Risk Management Assurance (CRMA), and an expert in internal audit, internal control and banking. He is an adjunct professor at Brandeis University’s International Business School teaching corporate governance to graduate students. Mr. Schumann also teaches CPE courses for business professionals on behalf of CPE Inc.

Mr. Schumann has more than 20 years of senior management experience in Europe, Asia, Latin America and North America. Prior to forming Global Atlantic Partners LLC, he served as executive vice president and chief accounting officer for FleetBoston Financial, formerly BankBoston, the seventh largest U.S. bank. Mr. Schumann has worked extensively in Germany, Hong Kong, Switzerland, Brazil and the U.S., holding numerous executive positions, including chief financial officer, chief administrative officer, leasing division head and branch manager.

Additionally, Mr. Schumann has worked as an internal consultant and crisis manager and has led a wide range of projects, including implementation of the COSO program in the Bank’s Brazil operation, major corporate-wide cost reduction and restructuring programs, a review of a $6 billion venture capital business, the foundation of a business-to-business Internet venture, and many merger and acquisition negotiations.

Mr. Schumann has served as a member of the Internal Auditing Standards Board (IASB) of the IIA and now serves as the Vice-Chairman of its Professional Issues Committee. In addition, he is treasurer of The Boston Plan for Excellence in the Public Schools. He holds a master’s degree in finance and a bachelor’s degree from the University of Frankfurt, Germany. He also is a graduate of the Harvard Business School’s Advanced Management Program and of its Seminar for Corporate Financial Management. Mr. Schumann is fluent in German and Portuguese and conversational in Spanish.

Presentation:

Global Risks Report 2023. Interaction of current and future risks forming a polycrisis.

Senior Risk Executive with broad experience in risk management across different industries and sizes of top-tier companies in Colombia and abroad,

Responsible for and leader of the design, implementation and execution of strategic, financial, ESG, operational and compliance risk management systems, as well as of risk, internal control, compliance and audit areas.

I contribute to organizations’ strategy and decision-making processes by incorporating a systemic view of risk in a practical and effective way, so that people at every level of the organization, but mainly at the top levels, can be aware of their decisions and establish the potential positive and negative effects on their business model, making it sustainable in the short, medium and long term.

Presentation:

Outlook for the Risk Function.

Bachelor’s in Economics with an Extraordinary Prize from the Universitat de Barcelona and a Postgraduate degree in Economics and Finance from the Centro de Estudios Monetarios y Financieros of the Banco de España (CEMFI).

He has more than twenty years of experience in strategic advisory to supervisors and international banks. Among other positions, for thirteen years he was a partner and head of the Finance and Risk practice at Oliver Wyman in Spain and Portugal (and in some periods also Latin America). He is currently Senior Advisor at Boston Consulting Group, where he provides strategic advice to public bodies, supervisors and financial institutions on matters related to risk management and financial crises.

Among other work for international and national supervisors, he led the well-known independent bank assessment tests in the summer of 2012, which identified capital needs for the Spanish financial system of close to sixty billion euros. Those tests were the starting point of the restructuring process of the Spanish financial sector, contributing decisively to reversing the serious sovereign debt crisis in Spain.

He is a professor of Economic Analysis at the Universidad Complutense de Madrid (since September 2022), as well as of macroeconomics at IE University and Banking Risks at CUNEF. His research focuses on the genesis and prevention of financial crises.

Author of various educational texts and publications; among others, “31 keys to risk management in banking institutions” (Colegio de Economistas de Madrid, 2015) and “Corporate financial management. An international approach” (McGraw Hill, 2016, 2022).

Author of the novel “How a financial crisis is born” (Ecobook, 2023), set in the financial crisis that Spain went through more than a decade ago.

He regularly takes part in forums and conferences on financial crises and risk and finance management.

Presentation:

Sustainability risks (ESG). Vision and outlook in the region

Head of the Caribbean Regional Office of the European Investment Bank (EIB) in the Dominican Republic

Yves Manuel Ferreira holds a Master’s in Business Administration and a Postgraduate degree in Finance and Taxation from the Université Panthéon-Sorbonne in Paris.

He has more than 30 years of operational professional career at the European Investment Bank, the French Development Agency and its subsidiary Proparco, dedicated to development financing in countries of Africa, Latin America, Southeast Asia and the Caribbean.

In that context, he also held positions on the boards of development banks, private equity funds and microfinance investment vehicles. He is currently the head of the Caribbean regional office of the European Investment Bank.

Presentation:

Cybersecurity risks. Management architecture. Main vulnerabilities and defense schemes.

Mr. Novo has more than 20 years of professional experience. 15 years of university teaching experience at the following universities: UNAPEC, INTEC and UASD, teaching both undergraduate and postgraduate courses. He has worked as a consultant at 3 international audit and consulting firms, two of them among the Big 4, where he reached the position of Risk Consulting Services Partner at two of the three firms where he previously worked.

With professional experience in Cybersecurity services, systems audit, technology risks and IT governance in the financial services sector. He was an independent external member of UNIPAGO’s internal audit committee from 2012 to 2018. Founding member and current past president of the ISACA Santo Domingo Chapter. He was a member of the board of the CGEIT certification at ISACA International, the board responsible for approving the general IT Governance guidelines in the period 2016-2018.

He currently serves as Technical Consultant, in charge of the Cybersecurity Incident Response Center for the Dominican financial system. The Center belongs to the Central Bank of the Dominican Republic.

Presentation:

New risks from rising interest rates. Impact on the financial sector and economic sectors.

David Saied is a professional with an outstanding career of more than three decades of national and international experience in the financial field and risk management. Throughout his career, he has led consulting projects in the key areas of economics, finance and administration. For more than 7 years, he played a key role as Director and member of the risk, compliance and audit committees at a bank in Panama. He has also contributed to the public sector, serving as Vice Minister of Economy, Commissioner of Panama’s National Securities Commission (today a Superintendency), and Director of Panama’s Financial Analysis Unit. In his current position as Director at PwC Panama, he leads the Consulting practice, and played a central role in drafting the risk regulation for Panama’s securities market, working closely with his team of consultants. He has also shared his broad experience by giving more than 250 talks and conferences on economics and finance in various countries in Europe, Latin America and the United States.

Presentation:

ICAAP / ILAAP / Stress Test. Self-assessment under Basel Pillar II. Responsibilities of the CGIR and the CRO.

Economist and Lawyer from the Pontificia Universidad Católica del Perú, Master’s in Economic Policy Management from Columbia University in New York (USA). Official of the Superintendency of Banking, Insurance and AFPs for more than 25 years.

He was President of the Deposit Insurance Fund between 2014 and 2016. He worked for two years (2012-2013) at the Bank for International Settlements (BIS) in the Financial Stability Institute in Basel, Switzerland. Member of the Board of the Securities Market Superintendency between 2010 and 2012.

Certified by the Global Association of Risk Professionals (GARP) as a Financial Risk Manager (FRM) and in Sustainability and Climate Risk (SCR)

Presentation:

Market Risk in the Dominican Republic. A look at the fixed-income instruments of the BCRD and the Ministry of Finance".

Victor J. Reyes holds a bachelor’s in Economics from INTEC, with a Postgraduate degree in Corporate Finance (INTEC), a Master’s in Applied Economics (UCSD-Empírica), a Master’s in Finance from Universidad Torcuato Di Tella, Chartered Financial Analyst (CFA) from the CFA Institute and Chartered Alternative Investment Analyst (CAIA) from the CAIA Association.

Professionally he has worked as an economist at the MEPyD, consultant at CIEF Consulting and Advisor to the superintendent at the Superintendency of Banks, treasury director at Primma Valores Puesto de Bolsa. He currently works as a consultant in the areas of economics, finance, capital markets and financial risk, among others.

He has taught at various universities in the country (INTEC, PUCMM, UNIBE and APEC) in the areas of economics and finance, and was director of the master’s programs in Risk and Treasury Management, and Banking and Financial Management at PUCMM. He is a Founding Partner of the Instituto de Finanzas de Santo Domingo (IFISD).

He was a judge for the CFA Research Challenge Central America and DR in 2020 and 2021. He has academic publications in the areas of financial bankruptcy risk, systemic risk and interest rate structures in the Dominican Republic. He won third prize in the BCRD’s economic research contest in 2020.

Presentation:

Model risks. Critical points (advanced analytics, data and automation)

• Partner at Management Solutions. Head of the integrated risk management practice in Latin America.

• Actuary and holder of a degree in Economics from the Universidad de Buenos Aires (Argentina).

• He has more than 25 years in financial and strategic consulting and in his broad career has advised the main international financial groups in Europe and Latin America on the integrated management of their risks (credit, market, operational,…) and on the implementation and validation of Basel II, IFRS 9, stress tests and capital self-assessment exercises (ICAAP).

Presentation:

Risk Appetite Framework. Challenges in implementation with business management.

President of the Spanish Risk Management Club (CGRE), where he leads the Risk Certification promoted by ASBA, FELABAN and the CGRE. He has been Corporate Risk Director at Bankia, General Risk Director at BBVA Bancomer, Corporate Risk Management Director at the BBVA Group, Director of the Office of the Chairman at Argentaria, and Deputy General Director at Banco Exterior. He holds a degree in Economics and Business Administration from the Universidad Complutense de Madrid, is Professor of Strategic and Financial Management at CUNEF (Colegio Universitario de Estudios Financieros, Madrid) and Director of the Diploma in Risk Management at the Universidad Autónoma de Madrid, Spain, and the Instituto Tecnológico de Monterrey, Mexico.