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RiskMinds Americas

The Americas' Leading Risk Management Conference

20 - 23 September 2016

The Congress Plaza Hotel, Chicago

Damian F. Abasto is a Vice President at Wells Fargo Wholesale Banking. He is responsible for providing analytic tools and solutions to support Wholesale Banking understand and manage better market, counterparty and regulatory risk. 

Previously Damian worked in model validation under Wells Fargo Corporate Model Risk Management team, supporting validation efforts for equity, interest rates and commodity trading models. He collaborated with Wells Fargo Model, Library and Tools Development team, providing development work on optimization, model calibration and pricing engines. He was actively engaged in the development and management of an external resource team for over two years.

Damian holds a Ph.D. in Physics and a M.S. in Mathematical Finance from University of Southern California, Los Angeles.

Ken Abbott is a Managing Director and Chief Risk Officer for the Americas at Barclays, a major global financial services provider. 

Mr. Abbott was recently Chief Operating Officer (COO) for all Firm Risk at Morgan Stanley where he worked for over nine years. There, he covered Commodities, Rates, FX, Retail and Emerging Markets businesses, and was CRO for Morgan Stanley’s buy-side activity. He became the COO for Market Risk in January 2008 and assumed the role of Chief Operating Officer for all of Firm Risk in May 2011. 

Mr. Abbott spent 14 years at Bankers Trust in a number of trading, research and risk management roles. He also spent over 5 years at Bank of America in several senior Market Risk Management roles. Mr. Abbott currently sits on the Boards of the New Jersey Scholars Program, the Harvard Club of New Jersey, and CGU’s Financial Engineering Program, where he has recently been appointed as a Senior Fellow. 

Mr. Abbott has a Bachelor of Arts in Economics from Harvard University; a Master of Arts in Economics and Master of Science in Statistics and Operations Research from New York University. Mr. Abbott is an avid musician, playing clarinet, saxophone, oboe, English horn, and tuba.

Terry Benzschawel is a Managing Director in Citigroup’s Institutional Clients Business. Terry heads the Credit Trading Analysis group which develops and implements quantitative tools and strategies for credit market trading and risk management, both for Citi’s clients and for in-house applications. Some sample tools include models of corporate default and recovery values, relative value of corporate bonds, loans, and credit default swaps, credit portfolio optimization, credit derivative trades, capital structure arbitrage, measuring and hedging liquidity risk, and cross-credit-sector asset allocation.

After six years of post-doctoral research in academia and industry and two years in consumer banking, Terry began his investment banking career in at Salomon Brothers in 1992. Terry built models for proprietary arbitrage trading in bonds, currencies and derivative securities in Salomon's Fixed Income Arbitrage Group. In 1998, he moved to the Fixed Income Strategy department as a credit strategist with a focus on client-oriented solutions across all credit markets and has worked in related roles since then. Terry was promoted to Managing Director at Citi in 2008.

José J. Canals-Cerdá is a Senior Special Advisor at the Federal Reserve Bank of Philadelphia in the Supervision, Regulation, and Credit Department. His areas of expertise are Financial Risk Management, Financial Econometrics, Retail Credit Risk and Loss Modeling. He has participated as a lead expert in SCAP, CCAR and DFAST stress tests. He has made significant contributions to the development of systems and databases at the Federal Reserve for the analysis of regulatory stress tests. He was the principal developer of the Federal Reserve System methodology for Stress Testing of cards portfolios during the CCAR and DFAST stress test exercises, leading a group of Ph. D. economists and analysts. He is a lead quantitative expert in credit risk, securitization, ALLL, Economic Capital, Stress Testing, Basel, Credit Scoring and Model Risk Management. He has lead quantitative benchmark studies in several areas of interest to the Federal Reserve System related to Stress Test, Basel II and ALLL. He is a regular contributor to Basel II working groups within the Federal Reserve System. He is also an advisor to the Large Institution Supervision Coordination Committee (LISCC) in the area of credit risk.

David is responsible for researching and developing the Credit Benchmark dataset. He previously held roles at Markit Securities Finance, including most recently as Managing Director, and as Head of Quant Research at Data Explorers. Prior to this he held senior roles at risk consultants Barrie & Hibbert (now part of Moody’s) where he was responsible for fixed income and equity portfolio risk analysis, and in portfolio management with Pimco and Murray Johnstone. David holds a PhD in Econometrics from Glasgow University and is a member of the CFA Institute.

Tim is a Managing Director and Global Head of SSGA's Investment Risk Management team. The team is responsible for investment risk management across the firm's portfolios.  Mr. Corbett serves as a member of SSGA's Senior Leadership Team,  Investment Committee, North America Executive Committee, Investment Strategy Review Committee and Corporate Responsibility Committee.

Prior to joining the investment risk team in 2008, Tim was a senior portfolio manager responsible for global Fundamental Equity products. From 2000 to 2004, he served as a junior portfolio manager and equity research analyst. Prior to this role, Tim was a member of SSGA's Global Structured Products Operations group, where he specialized in international developed market and emerging market strategies. Tim joined the firm in 1996 and has focused on risk management, portfolio construction, equity research and portfolio management.


James M. Costa is Chief Risk Officer of TCF Financial Corporation overseeing TCF’s enterprise risk management function. Mr. Costa joined TCF in 2013. 

Mr. Costa brings with him 25 years of financial services experience, with 15 years in risk management.  He most recently served as Executive Vice President of Risk and Head of Enterprise Portfolio Management at PNC Financial Services Group, Inc. Prior to PNC, Mr. Costa led enterprise credit strategy for Wachovia Corporation.

A graduate of Ohio State University, Mr. Costa holds a BSBA degree in Economics.  He further conducted his doctoral studies at the University of Minnesota where he was an adjunct professor of finance and economics. 

Pierce Crosby leads business for StockTwits from the New York headquarters, focusing on strategic partnerships in media and financial services. Previously he lead research for Breakingviews, the financial column of Thomson Reuters. He has additionally held roles as consultant and television executive producer.

Martha Cummings, Senior Vice President, joined the Federal Reserve Bank of New York in October of 2012. Ms. Cummings works in the Financial Institution Supervision Group as a Senior Supervisory Officer for Complex Financial Institutions. 

Ms. Cummings has more than 20 years of experience in the international banking sector.  Prior to joining the Federal Reserve, she was a Managing Director with Santander Group. Most recently, she was Head of Financial Sponsors North America, within Santander’s Corporate & Investment Banking Group.  Previously, Ms. Cummings was Chief Risk Officer for Banco Santander and Santander Investment Securities in New York.  Ms. Cummings also served as Head of Latin American capital markets risk for Banco Santander. Prior to joining Banco Santander, Ms. Cummings was Head of Equity Capital Markets for Latin America at Bankers Trust, where she previously was Head of Corporate Finance for the Southern Cone of South America. 

Ms. Cummings has been a consultant to Wharton Executive Education, and worked with Citibank in Mexico. She has held positions in advertising and marketing with companies including McCann Erickson and International Dairy Queen. 

Ms. Cummings holds an MBA from the Wharton School and an MA in International Studies from the Joseph H. Lauder Institute of International Management. She speaks Spanish and Portuguese.  Ms. Cummings earned a BA in Economics with a minor in Spanish from the University of Minnesota.

Ms. Cummings is active in a number of civic and professional organizations and currently serves on the CEO Advisory Board of the Wharton Fellows Program.



Mr. Cupido is currently a managing director at Prudential Financials Inc. where he covers enterprise risk, capital, and liquidity governance across the firm. He previously served in various risk roles including Chief Risk Officer, US Swap Dealer and US Head of Market Risk at HSBC. He has extensive international experience in risk management, capital markets, banking treasury, as well as asset and liability management. He also had significant involvement in the post-crisis regulatory implementations, developing effective relationships with US and European regulators on the path to full compliance with the new rules. Prior to joining HSBC, Mr. Cupido held senior positions at several European banks and financial institutions. He holds a Masters Degree in Finance from the City University of New York and an Italian Laurea in financial economics.  

Fang Du, Adviser, has rejoined the Banking Supervision & Regulation at the Board of Governors of the Federal Reserve System, Washington, D.C. after assuming an Executive Vice President position for several years at RBS Americas. She continues to dedicate her effort on regulatory capital and banking supervision as she used to do at the Fed. She is currently a member of FSB Macroeconomic Assessment Group (MAG) on TLAC and multiple BCBS working groups - Capital Monitoring Group (CMG) and Task Force for Provision (TFP). In RBS Americas, she headed two divisions: “Risk Capital, Reserve and Portfolio Management” and “Model Risk Management”. Fang also worked in academia years ago.

Angie joined TD Asset Management Inc. (TDAM) in September 2012. In her current role, she is responsible for the analysis of risk and performance attribution, trading, policy implementations, model validation, and model benchmark construction. She is also responsible for back testing, and reviewing current trading strategies as well as stress test analysis. Prior to joining TDAM, Angie worked at TD Securities in various roles specializing in credit derivatives and equity trading. Angie holds a Honors B.Sc. in Mathematics, Statistics and Chemistry, a Masters in Mathematical Finance, and a Ph.D. in Engineering from the University of Toronto.

Yaniv currently serves as a member of the CCAR Oversight Group. In this capacity he directly oversees System teams responsible for the annual and year-round assessments of Counterparty Credit, Trading and Securities risk. Prior to assuming his current position, Yaniv served as the Basel II Deputy Lead of the Counterparty Credit Risk Qualification Team where he was responsible for facilitating consistent implementation of the Basel II rule, as it pertained to counterparty credit risk.

Prior to his work at the Federal Reserve Bank of Boston, Yaniv was heading of the credit risk economic capital team at State Street where he was responsible for developing and implementing advanced credit risk capital modeling methodologies for wholesales and securitized assets portfolios. He obtained his Master’s Degree in Applied Mathematics from Wayne State University and an Accounting Degree from Ramat-Gan College.

Samim Ghamami is an economist at the Board of Governors of the Federal Reserve System, a senior researcher at UC Berkeley Center for Risk Management Research, and an adjunct professor of mathematical finance at NYU Courant Institute of Mathematical Sciences. His work has broadly focused on finance and stochastic modeling. He has been a post-doctoral research associate at CREATE Homeland Security research center, a quantitative researcher at Barclays Capital, an adjunct faculty member of University of Southern California, a senior quantitative researcher at MSCI, a visiting scholar at the Department of Economics at UC Berkeley, and a technical advisor to the Basel Committee on Banking Supervision.

His publications have appeared in various journals including the Journal of Applied Probability, Journal of Derivatives, Mathematics of Operations Research, Probability in the Engineering and Informational Sciences, Quantitative Finance, Journal of Credit Risk, and the International Journal of Financial Engineering.

Ms. Girling is SVP, Chief Risk Officer at Investors Bank. She was previously Business Risk Officer - SVP, at Capital One Commercial Bank. She has over 20 years of experience in the global financial services industry. She is a recognized risk management leader in the industry and was named one of the decade’s “Top Fifty Faces of Operational Risk”. In addition to authoring two Operational Risk textbooks, she is also an active public speaker on topics of Operational and Regulatory Risk Management. Holding New York Bar and Financial Risk Manager (FRM) qualifications, she was also recognized in 2014 by Working Mother Magazine as one of the top 100 Working Mothers in America.

John Hull is an internationally recognized authority on derivatives and risk management and has many publications in this area. His work has an applied focus. In 1999 he was voted Financial Engineer of the Year by the International Association of Financial Engineers. He has acted as consultant to many North American, Japanese, and European financial institutions. He has won many teaching awards, including University of Toronto’s prestigious Northrop Frye award.

Mr. Gordon Liu is currently EVP, regional head of Global Risk Analytics, HSBC. He is
responsible for the development and implementation of models used for calculating
wholesale credit, and market and counterparty credit risk metrics; financial crime
compliance including anti-money laundering and sanctions analytics, as well as
regulatory compliance analytics in the region. Additionally he is responsible for
interacting with regulatory agencies in the region to ensure HSBC’s compliance in
quantitative aspects with the relevant risk and compliance regulations.

Before joining HSBC, Mr. Liu was a market risk model developer and manager at Citi Group and Merrill Lynch, responsible for VaR model development and systems implementation, and at Solomon Smith Barney for muni-bond trading systems development. Prior to that Mr. Liu had spent three years developing network management software in the telecommunication industry.

Mr. Liu received a Ph.D. in electrical and systems engineering from University of Connecticut, and his undergraduate and master degrees from Huazhong University of Science and Technology, Wuhan, China.

Robert B. Murrett is a faculty member in the Department of Public Administration and International Affairs, and serves as the Deputy Director of the Institute for National Security and Counterterrorism (INSCT) at the University.  In addition, he is a staff member at the RAND Corporation, and the Institute for Defense Analyses.

Previously, Murrett was a career intelligence officer in the U.S. Navy, serving in assignments throughout the Pacific, Europe, and the Middle East through his thirty-four years of duty, retiring in the grade of Vice Admiral.   His duty stations included service as Operational Intelligence Officer for the U.S. Pacific Fleet, Assistant Naval Attaché at the U.S. Embassy in Oslo, Norway. For the last ten years, he served as Vice Director for Intelligence on the U.S. Joint Chiefs of Staff, Director of Naval Intelligence, and Director of the National Geospatial-Intelligence Agency (NGA).


David Ortiz is a Managing Director of the Foundational Risk Management team for BMO Financial Corporation (“BFC”).  In this capacity, David provides leadership and guidance in implementing a consistent, efficient, intuitive, dynamic and comprehensive Risk Identification, Risk Appetite and Risk Culture processes within the firm.  In addition, David provides analysis and leadership to support the successful delivery of BFC’s Comprehensive Capital Analysis and Review (CCAR) and the completion of related regulatory matters, with process and outcome improvements to CCAR deliverables, incorporating regulatory expectations and leading peer practices. He provides project management, analysis and implementation to ensure efficiency and productive utilization of capital across BFC and other U.S. BMO entities, to optimize risk/return equation and improve returns on capital.

His role provides insight into U.S. regulatory issues and into BFC risk and finance matters to ensure that the BFC CRO and the BFC CEO are well informed as to CCAR and capital productivity issues, alternatives, opportunities and deliverables and that regulatory expectations for BFC are managed and exceeded, and that BFC’s returns are improved. He plays a leadership role in the review and challenge of finance, risk, business unit and other CCAR and related regulatory deliverables, including the annual CCAR capital plan, and the DFAST stress test results.

David Ortiz joined BFC in September, 2014, bringing extensive experience in portfolio management, loss modelling, CCAR risk evaluation and stress testing, and targeted analysis of FR Y-14 Wholesale loan level data trends, as Assistant Vice President/Officer/Head of the Wholesale Credit Risk Center & Credit Risk at the Federal Reserve Bank of Chicago.

Previously, David was a Senior Portfolio Manager with Pioneer Investments, managing the corporate securitization platform.  David Ortiz also served as Partner and Head of Private Placements for Asset Allocation & Management Company, where he managed corporate and asset backed securities portfolios for the firm’s insurance company clients.  David began his career as an Investment Analyst involved in middle market direct landing and private placements as part of Prudential Capital Group.  He holds a B.S. in Business from Miami University and an MBA in Finance, from the University of Chicago. He is a Chartered Financial Analyst and a Member of the CFA Society of Chicago.

Dr. Richard L. Peterson was called "Wall Street's Top Psychiatrist" by the Associated Press. His firm MarketPsych produces sentiment and macroeconomic indices derived from language analysis of global news and social media in partnership with Thomson Reuters. As portfolio manager for the outperforming MarketPsy Long-Short Fund LP from 2008-2010, he developed and traded on outperforming psychology-based quantitative models. In the educational field he developed popular financial personality tests, published widely in academic textbooks and journals including Games and Economic Behavior and Journal of Neuroscience, and is an associate editor of the Journal of Behavioral Finance. His latest book "Trading on Sentiment" (Wiley) is out March 2016. His prior books, "Inside the Investor's Brain" (Wiley, 2007) and "MarketPsych" (Wiley, 2010) were both named top financial books of the year by Kiplinger. Dr. Peterson received cum laude Electrical Engineering (B.S.), Arts (B.A.), and Doctor of Medicine degrees (M.D.) from the University of Texas. He performed postdoctoral neuroeconomics research at Stanford University and is Board-certified in Psychiatry. Dr. Peterson lives in California with his family.

Jonathan Rosenoer has served in senior executive risk management roles for global systemically important banks (G-SIBs) and the global leader in information technology outsourcing. Jonathan has successfully built and executed integrated and proactive risk management frameworks and programs to assist businesses to launch digital products and services; understand evolving threats; prioritize investments that strengthen controls to remediate risk and compliance issues; significantly reduce financial exposure; facilitate risk governance and reporting; advise on industry standards (e.g., FFIEC, NIST, COBIT) and best practices; and, manage regulatory relations (FRB, OCC, FDIC). 

Anna Shender leads the Regulatory Capital Policy Team at Bank of America and is responsible for formulating and coordinating the firm’s response to regulatory capital proposals and evaluating the business impact of new capital regulation.  Her team serves as the internal subject matter experts on capital regulation, advising the capital markets, global banking and consumer businesses on new products, complex trades, and efficient hedging strategies. Previously, Anna held various positions in Market Risk at Barclays Capital and JP Morgan.

Julie Sherratt joined TD Asset Management Inc. (TDAM) in January 2001. As Head of Investment Risk, Julie has responsibility for the Manager Research, Performance Measurement and Risk teams. Manager Research has responsibility for oversight of all mutual fund sub-advisors, Separately Managed Accounts and recommended mutual funds on behalf of TD Wealth in both Canada and the US. The Risk teams are divided by asset class and are responsible for understanding the risks inherent in each portfolio and ensuring those risks align with mandate expectations. Performance Measurement is responsible for calculating, quantifying and understanding the drivers of performance for all investment portfolios. In her previous role as Vice President, TD Harbour Capital, she oversaw the client service, trading and operations for Harbour's high net worth clients. She has also held several positions with leading firms in the Canadian brokerage industry. Julie completed her Bachelor of Arts in Economics at Simon Fraser University and is a CFA charterholder.


Appointed Group Chief Risk Officer in January 2013, Raj Singh  is responsible for developing strategies to manage financial, strategic and operational risk across the Standard Life group.

Before joining Standard Life, Raj had acquired extensive experience in financial services worldwide. In 2011 he established advisory firm Accredere AG in Switzerland, advising financial institutions on capital, risk, and reinsurance issues, and remains a non-Executive Board member. From 2007 to 2011, Raj was Group Chief Risk Officer at Swiss Re Insurance Company Ltd in Switzerland, where he was also a member of the Executive Board and Committee. Before this, he was Group Chief Risk Officer at Allianz SE in Germany, a position he held from 2002. Prior to this he held various senior positions at Citibank from 1988 to 2002.

He is a member of the Advisory Board at the International Center for Insurance Regulation at Goethe University in Frankfurt, Germany.

John Sitilides is Principal at Trilogy Advisors LLC, specializing in government affairs, strategic communications and geopolitical risk management. His client portfolio includes industry leaders in real estate development, home construction and agribusiness. Working with former Members of Congress, Executive Branch officials, senior Congressional staff and retired ambassadors and military officers, he specializes in environmental regulatory reform, private property rights, energy technology, water infrastructure and natural resource conservation issues. 

Under a U.S. government contract since 2006, Sitilides manages the State Department’s professional development program for senior U.S. diplomats in Greece, Turkey and Cyprus. Twice recognized by the State Department for expertise in public policy and international relations, Sitilides is a member of the Experts Team at Wikistrat, a strategic analysis and forecasting network. He speaks on geopolitical risk management and the business impact of national politics and global affairs at investor and business conferences, and before government, military and intelligence community audiences.

He has testified before Congress and has appeared on Fox News, CNN, CNN International, One America News and BBC News, and been cited in the Wall Street Journal, New York Times, Washington Post, Bloomberg News, Reuters, Institutional Investor, and scores of other leading broadcast, print and digital media.

Nassim Nicholas Taleb spent 21 years as an option trader before becoming an academic and researcher specializing in mathematical problems with probability and a “real world” approach to risk management. He is currently Distinguished Professor of Risk Engineering at NYU. Taleb is the author of the INCERTO (Fooled by Randomness, The Black Swan, Antifragile, The Bed of Procrustes), with a parallel mathematical version Probability and Risk in the Real World from which this course is adapted. He is also the author of Dynamic Hedging and numerous academic publications across different fields, ranging from Physica A, Journal of Economic Behavior and Organization and Quantitative Finance to Foreign Affairs. His body of work has 96 translations into 33 languages. Over his career Taleb closed about 650,000 option trades and examined close to 200,000 risk reports.

Edward Tong is Vice President in Model Risk Management at Bank of America, New York. The group performs independent model validation and governance on quantitative risk models across the bank. He previously developed corporate and retail credit risk models at HSBC in New York, Royal Bank of Scotland in London and Suncorp Bank in Brisbane, Australia. In a previous career, he was a statistician in public healthcare and pharmaceutical research. He holds a PhD in Management Science from the University of Southampton, UK and an MSc in Statistics from University of Queensland, Australia. His research has been published in a number of journals including the International Journal of Forecasting and European Journal of Operational Research.

Founder and Principal Security Consultant of Night Lion Security, Vinny Troia 20+ years of experience ranges from software development to network administration to security architecture. Troia's career started in 1996 in New York City, and eventually moved to St. Louis in 2005, where he begin working for the Department of Defense. Troia's experience in the Federal information security systems and expertise in Federal security regulations is what initially caught the attention of the national news media. Today, Troia is regularly featured as a guest cyber security expert for the major TV news networks, including CNBC, CNN, Fox, ABC and CBS, and will soon be completing a PhD in Information Security from Capella University.

Soner Tunay is currently an EVP and the Head of Risk Analytics in the Risk Architecture Department of Citizens Financial Group.  He leads the efforts in the design, development and implementation of credit risk solutions for the Bank’s portfolios including CCAR models, Economic Capital and Risk Rating Models.  His past work covered a broad range of asset classes, including commercial, retail products and structured credit instruments.

Prior to joining RBS Citizens, Soner held similar roles in leading financial institutions, managing quantitative teams developing models and processes. He has been a participant in various industry events, as a presenter, round-table participant and as an organizer of full-day workshops and masterclasses.

Soner holds a Ph.D. in Economics from Boston College.

Jimmy Yang is currently Managing Director, Global head of Credit and Operational Risk Analytics at Bank of Montreal. He is in charge of the analytical decision center which covers all credit and operational risk related analytics for BMO globally.

Before Jimmy joined BMO, he is managing director at MUFG Union Bank. He is in charge of: Basel II/ III, Retail, Small Business, Wholesale, investment portfolios, PD/LGD/EAD scorecards, Loss forecasting, ALLL Reserve analytical support, Stress testing, Economic Capital, Acquired portfolio valuation, Limit Setting, Portfolio Optimization, Dynamic Dashboard reporting and Risk infrastructure (analytical data mart, wholesale spreading system, scorecard system and CRE property management system etc.).  

Before that, he was Executive Vice President for First Horizon National Corporation. He was responsible for the center of Analytics and Strategy.

Before that he was with Wachovia bank in Charlotte, NC as Senior Vice President in charge of Basel II and credit risk analytics.