Modeling for Climate Risk Management: Challenges and Opportunities
This Webcast is available on demand.

As the requirements and expectations for managing the risk from climate change get clearer, the financial industry seeks methodologies and execution details. In particular, stress testing, scenario analysis and risk models have taken center stage. In this session, we explore some ways the industry is building and using models for climate risk, issues and challenges, how technology and AI/ML can help and how banks can use analytics to identify opportunities.

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Speakers

Ivelina Nilsson - Client Partner, 4most Group

Ivelina leads the development of 4most Group’s in-house climate change capabilities and solutions and has driven a number of projects for UK lenders centred around climate change scenario modelling and analytics solutions. Prior to joining 4most, Ivelina held senior leadership positions in the UK finance industry over many years, focusing on global credit risk modelling and stress testing at Lloyds Banking Group and Barclays.

Laura Parisi - Financial Stability Expert, European Central Bank

Laura Parisi is a Financial Stability Expert at the Directorate General Macroprudential Policy and Financial Stability, Stress Test Modelling division of the European Central Bank. Her current areas of research mainly focus on the impact assessment of climate-related risks for the banking sector and the overall economy: she’s leading the ECB climate stress-test team, and she also collaborates with European and international institutions, and standard-setting bodies. She previously worked in the Financial Regulation and Policy division in the same Directorate, where she focussed on the completion of the Banking Union. Laura holds a bachelor's degree in Physics and a master's degree in Theoretical Physics, and a PhD in Economics and Management from the University of Pavia.

Peter Plochan - Principal Risk Management Advisor, SAS

Peter Plochan is Principal Risk Management Advisor at analytics firm SAS, helping banking and insurance firms tackle their challenges around finance and risk regulations, enterprise risk management, risk governance, risk analysis and modeling. A GARP-certified Financial Risk Manager, Plochan has a master’s degree in banking and more than 15 years of experience in financial sector risk management, including oversight of large-scale risk management implementations. Since joining SAS in 2014, he serves as a global acting domain expert, leveraging the latest trends in risk analytics and model risk management with deep risk management and finance expertise.

Naeem Siddiqi - Senior Advisor Risk and Quantitative Solutions, SAS

Naeem Siddiqi is the author of Credit Risk Scorecards: Developing and Implementing Intelligent Credit Scoring, (Wiley and Sons, New York, 2005), Intelligent Credit Scoring: Building and Implementing Better Credit Risk Scorecards (Wiley and Sons, 2017), and various papers on credit risk topics. Naeem meets with senior executives and decision-makers from between 40-50 lenders globally each year and provides strategic advice to them on areas such as the development and validation of credit scoring models, climate change risk, infrastructure planning for analytics, and retail credit risk strategy. He has also trained hundreds of bankers in over 25 countries on the art and science of credit scorecard development, and helps credit risk analysts develop better scorecards. Naeem has an Honours Bachelor of Engineering from Imperial College of Science, Technology and Medicine at the University of London, and an MBA from the Schulich School of Business at York University in Toronto.

Moderator - DeLisa M. White VP, Multi-Media Director, GARP

DeLisa M. White is the VP, Multimedia Director at the Global Association of Risk Professionals. In this role, she directs, coordinates, and advises global efforts to utilize multimedia to communicate GARP’s content and brand, maintaining a strategic calendar of video productions, webcasts, and podcasts. She has produced over 300 videos, 250 webcasts and created three podcast series for GARP — “GARP Risk Intelligence,” “GARP Climate Risk Podcast,” and “The New Age of Risk Analytics” — and often acts as a moderator/interviewer. Prior to her time at GARP, White was Program and Communications Associate at the Interfaith Center of Corporate Responsibility (ICCR) working with non-governmental organizations and faith-based member associations to utilize their investment clout to promote sustainable business practices. She also worked at BlackRock as an associate in the Global Consultant Marketing Division writing RFPs for a variety of investment management vehicles. Also a theater director, White received the New York Innovative Theatre (IT) Award for Outstanding Director for her work on Vincent Marano’s “Lights Narrow.” Other directing works have resulted in a total of seventeen other nominations and five wins at the IT awards. She has a bachelor’s in film and communications from Pennsylvania State University.

Where next?

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