Toronto Newsletter
August 2013 Edition
In This Edition
4 Upcoming Events!
Canadian Risk Manager of the Year Award: Voting starts soon!
Canadian Risk Forum
News and Updates
Upcoming Events:
The New Paradigm in Investment: Risk Based Asset Allocation - August 27, 2013
Join us on a unique opportunity to learn more about risk-based asset allocation from professional leaders,
during a slow global recovery and low interest rate environment. Topics will include practical techniques for
managing and identifying risks inherent in portfolio management.
Panelists:
Neil Matheson, Senior Vice-President, Investment Strategy, Standard Life Investments
Michael Lewis, Vice-President, Currency and Absolute Return, CIBC Global Asset Management
Our Sponsors
David Kaufman, President and CEO, Westcourt Capital Corporation
Moderator:
Arun Sequeira, Senior Manager, Financial Services Advisory practice, Ernst & Young
PRMIA Toronto would like to thank Ernst & Young LLP for their support of this event.
Optimization in Quantitative Finance and Risk Management - September 24, 2013
This is an opportunity to meet professionals from quantitative investing, risk management, finance and
insurance in one room and to discuss careers and latest developments related to using optimization
techniques for improving financial decision-making. The recent global financial crisis has made risk
management and financial stability a foremost concern of regulatory agencies and corporations worldwide.
Given the rapidly expanding scope and complexity of risk-aware financial management, mathematical
innovation is central to the field. For example, numerical optimization can automate the construction of
portfolios to best meet specified requirements. Optimization techniques serve as important tools for
financial institutions and companies aiming to find better solutions and improve decision-making.
Panelists:
Andrew Aziz, Director, Research and Financial Engineering, IBM Risk Analytics
Jonathan Briggs, Senior Portfolio Manager, Global Corporate Securities – Quantitative Research,
Canada Pension Plan Investment Board
Bogie Ozdemir, Vice President, Risk Modelling and Governance, Sun Life Financial
Yong Wang, Managing Director, Head of Enterprise Model Risk Management, Royal Bank of
Canada
PRMIA Toronto would like to thank Fields Institute and IBM for their support of this event.
Women in Leadership and Risk Management - September 30, 2013
PRMIA and WCM are proud to present a panel of women leaders who will share their experiences and
PRMIA LinkedIn groups:
Operational Risk
Market Risk
Credit Risk
Enterprise Risk
views of current risks facing financial institutions, of the risk profession at large, and advice for career
advancement.
Presenters:
Lisa Reikman, SVP & CRO, Canadian Banking, Wealth Management & Auto Finance, TD Bank
Saskia Goedhart, Partner, Financial Services Risk Management, Ernst & Young
Kelly Hastings, VP & CRO, Compliance and Risk Management, CIBC Mellon
We are accepting your questions and suggested discussion points ahead of time. Please kindly submit
them to toronto@prmia.org.
Commodity Risk and Strategy - October 3, 2013
PRMIA Toronto and AIMA Canada (Alternative Investment Management Association) would like to invite
you to our speaker series Commodity Risk and Strategy. Join us on a unique opportunity to learn more
about commodity risk management and active portfolio strategies from professional leaders, during a slow
global recovery and a risk-on-risk-off (RORO) environment. Topics will include practical techniques for
managing and identifying risks and strategies unique to commodity investing. Stay tuned for details.
PRMIA Canadian Risk Forum 2013 - November 4-5, 2013
Registration is now open. Click here to register.
If you register before September 15, you'll get a discount of $ 100.
Group discount is available. Email us at toronto@prmia.org.
PRMIA National Case Competition 2014 - Date and location TBA
Following the tremendous success of PRMIA Toronto's 2012 Risk Management Case Competition, PRMIA
is pleased to announce a competition for 2014. We are delighted to expand this initiative on a national
level with our Chapter partners across Calgary, Chicago, London (UK), Montreal, New York, and
Vancouver. This opportunity will aim to develop a new generation of future risk professionals and leaders.
For details on the 2012 competition, please visit http://www.prmia.org/chapter/toronto/case-competition-
Management (ERM)
Liquidity Risk
Exams
recap-2012.
Chapter News:
Canadian Risk Manager of the Year Award: Nominations closed and voting to begin
The PRMIA Canadian Chapters, in collaboration with Thorek Scott and Partners (TSP), would like to thank you for
your nominations for the 2013 PRMIA Canadian Risk Manager of the Year (“Award”). The Award will be presented to a
Canadian who best:
Practices risk management or advances risk management theory in Canada;
Shows leadership in the area of risk management;
Advances the study and application of risk management; and
Mentors individuals in the field of risk management.
The nomination is closed and voting will begin shortly. We will send you an invitation to vote in the first
week of September.
PRMIA Toronto would like to thank Thorek Scott and Partners for supporting the Award.
For local risk news and events, please check PRMIA Toronto's Chapter page at prmia.org/chapter/toronto.
Warm regards,
PRMIA Toronto Chapter
Upcoming Events
The New Paradigm in Investment: Risk Based Asset Allocation
Beam & Gaucher Rooms (30th floor), Ernst & Young Tower, 222 Bay Street, Toronto, ON.
August 27, 2013. Registration begins at 5:00 PM.
Optimization in Quantitative Finance and Risk Management
Fields Institute, Rm 230, 222 College Street, Toronto, ON.
September 24, 2013. Registration begins at 5:00 PM
Women in Leadership and Risk Management
Toronto Region Board of Trade - First Canadian Place - 77 Adelaide Street West, Ground Floor
September 30, 2013. Registration begins at 5:00 PM
PRMIA Canadian Risk Forum 2013
Omni King Edward Hotel. November 4-5, 2013.
Call for Speakers
PRMIA Toronto is looking for risk professionals and subject matter experts who are interested in speaking
at our events. If you would like to be added to our speaker list, please email us at toronto@prmia.org.
Careers in Risk Management
PRMIA Toronto is organizing a workshop on careers in risk management. To have your suggested career
path incorporated, please let us know at toronto@prmia.org.
Canadian Risk Forum 2013
PRMIA Toronto is proud to host the second Canadian Risk Forum on November 4-5, 2013 at the Omni King Edward Hotel. A collaboration of
senior risk professionals, industry experts, scholars and regulatory bodies will share experiences and ideas about various risk management
practices and trends in the current economic environment.
Confirmed Speakers Include:
Merli Baroudi - Chief Credit Officer & Director, World Bank
John Hull - Maple Financial Professor, Rotman School of
Management
Christopher Elgar - Chief Risk Officer, Manulife Bank & Trust
Steve Lindo - Principal, SRL Advisory
Services
Dmitry Pugachevsky - Director of Research, Quantifi Solutions
Tim Evans - Executive Director, CIBC
Leslie Rahl - Founder and Managing Partner, Capital Market Risk
Advisors
Michael Nobrega - President & CEO, Ontario Municipal Employees
Retirement System
Jean Desgagne - President & CEO, Canadian Depository for Securities
Ltd.
Peter Christoffersen - Professor of Finance, Rotman School of
Management
Paul Jones - Director of Markit Analytics, Markit
Neal Oswald - Senior Vice President, CIBC
Sanjiv Talwar - Managing Director, BMO Financial Group
Michael Zerbs - Vice President, IBM Risk Analytics
David Samuels - Managing Director, Promontory Financial Group,
Jim Keohane - President & CEO, Hospitals of Ontario Pension Plan
LLC
Bank of Canada Senior Representative
Tony Peccia - Chief Risk Officer, Citi Bank Canada
(Off-the-record remarks, closed to media)
Saskia Goedhart - Partner & Risk Practice Leader, Ernst & Young
Sessions:
Day 1
Day 2
Session 6: Managing Today's Emergent Risks
Session 1: How Does Risk Management Add Value?
A survey of new and future risks, such as the use of collateral, and
How do you know your risk management organization adds value to
current challenges in defining and implementing measures of these
shareholders, and how do you demonstrate it?
risks.
Session 2: Advances in market and Credit Risk Management
Session 7: Changing Regulatory Landscape
Developments in the concept, implementation and regulation of market Examining the impact of evolving regulatory environment on the
and counterparty credit risk management.
industry (To be confirmed).
Session 8: Integrating Risk into the Front Office - the
Session 3: Integrated Risk Management and Stress Testing
FVA/CVA/DVA Debate
How regulatory risk requirements shape stress testing, and how
A review and discussion session on the new derivatives pricing,
effective stress testing can be used for valuable capital planning.
valuation, and risk mechanisms and their impact on the way
derivatives business is run in banks.
Session 4: Enterprise Risk Management
Session 9: Meeting the Challenge of Liquidity Risk Management
Aspects of ERM, including how process management techniques
A review of issues in liquidity risk management and funds transfer
increase ERM business value and how effective enterprise-level stress
pricing.
testing confers benefits across the entire business.
Session 10: CRO Round Table
Session 5: Pension Round Table
Bank senior risk leadership are brought together in a round-table
Pension Chief Executives are brought together in an open round-table
discussion of challenges in risk management for Canadian financial
discussion of current risk management topics.
institutions today.
There will be lunches along with keynote speakers on both days. A special dinner with the presentation of the Canadian Risk Manager of the
Year Award will be held in the evening of Day 1.
To register, please click this link.
Toronto Job Postings
Sponsor an Event
Education
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Contact us at torontojobs@prmia.org for
more information.
Make your company visible by sponsoring
one of our events. Contact us at
torontosponsorship@prmia.org for more
information.
PRMIA offers the Professional Risk Manager
(PRM) and Associate PRM (APRM)
designation. Follow the links above to for
more information or to register.
The PRMIA Toronto newsletter is sent out to
over 6800 members.
Recent Events
Regional Directors
Past presentations can be downloaded from PRMIA Toronto website.
Mihaela Capra, TD
Greg Frank, CIBC
Graham Pugh, OMERS (Advisory Board)
Models and Best Practices
First Canadian Place - Gallery, 100 King St W, Toronto. June 19, 2013
Three Views on Venture Capital
Osler LLP, 1 First Canadian Place, 100 King Street West, 72nd Floor, Toronto, ON. April 22, 2013
Risk Management Infrastructure as a Living Organism
First Canadian Place - Gallery, 100 King St W, Toronto. April 3, 2013
Professional Investing with Quantitative Finance
CFA Society Toronto, Training Room, 120 Adelaide Street West, Suite 701
Mar 27, 2013 @ 5:00 PM
Lecture Series: Numerical Methods in Finance
Middlesex College Rm 106, University of Western Ontario, 1151 Richmond St N
London, ON, N6A 5B7. March 21, 2013
4th Annual Partnership Reception "Absolute Return: Myth or Reality"
TMX Broadcast Centre 130 King Street West, Toronto, M5X 1J2
Steering Committee
Andrea Yu, Accenture
Andrew Ma, Sprott
Christian Maxwell, Western Univ.
Denise Tan, BMO
Hasan Abedi, IPmax Communications
Hovik Tumasyan, PwC
Joel Bangalan, Northwestern Univ.
Justin Lau, TD
Kruno Perkovic, Synchronycs
Mario El-Khoury, Deloitte
Monisha Sharma, RBC
Nam. A. Nguyen, Labiful
Nicole Silverberg, Deloitte
Oleksandr Romanko, IBM
Ram Iyer, Magnum Opus
Sanjiv Desai, OSFI
Talal Alam-Eddine, Scotia
Timothy Li, CIBC
Thursday March 7, 2013 @ 5:30PM – 7:30PM
Governance and Risk Management
January 31, 2013, 5:30 PM, PwC Tower, 18 York Street, 26th Floor, Suite 2600.
Vivian Young, TD
Vuk Magdelinic, PwC
Waylon Zhao, ThinkInfinity
Wes Gill, SAS
Yannick Lefang, TD Bank
Advanced stress testing in the evolving regulatory environment
January 29, 2013, 5:15 PM, First Canadian Place, Art Gallery, 100 King St. West.
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© 2009-2013 PRMIA Toronto.
Editors: Nam Nguyen, Marc Cassagnol, Christian Maxwell
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