Financial Services firms have shifted a significant part of their operations to outsourcing and fintech, introducing data breach risks due to the personal and financial information at stake. Because of this, regulators are paying increasing attention to cybersecurity and vendor risks.
This means that financial services firms have to prioritize their TPRM programs and mature them quickly.
In this session, we hear directly from ex-Regulators and Third-Party Risk experts to gain vital insight on:
- Why regulators are prioritizing third-party risks for financial institution
- Types of risks regulators focus on
- Red flags for regulators
- Third-party risk appetite
- TPRM structures
- Current & outstanding challenges
- Evolving cybersecurity risks
- Lines of defense & TPRM
- Best practices for TPRM programs
Speakers
Homer C. Hill
Principal, KPMG Regulatory Risk Practice KPMG
(Former SVP, Federal Reserve Bank of New York)
Deborah Bailey
Managing Director, Financial Services Regulatory Practice KPMG
(Former Deputy Director, Division of Banking Supervision and Regulation, Federal Reserve, Former OCC)
Homer C. Hill
Homer is a principal in the KPMG Risk Consulting – Regulatory Risk practice in New York providing services for the Banking and Capital Markets sectors. He advises financial services clients on best practices and regulatory expectations for meeting safety and soundness requirements of federal bank regulators. His focus is on key regulatory priorities such as enterprise risk management, governance, and culture.
Prior to KPMG, Homer served nearly 30 years with The Federal Reserve Bank of New York, ultimately as Senior Vice President of Relationship Management Function – Bank Supervision Group.
Deborah Bailey
Deborah is a Managing Director in KPMG’s Financial Services Regulatory Practice and serves as the U.S. and Global Leader for Regulatory Solutions Development. Prior to joining KPMG, Deborah was the Managing Director and Vice Chair of Deloitte & Touche and led the U.S. Banking and Securities Regulatory Practice. Deborah is recognized as a banking industry leader with more than 35 years’ experience as a regulator in the supervision of large, complex banking organizations including the U.S. operations of foreign banks.
She spent 12 years at the Board of Governors of the Federal Reserve, ascending to the role of Deputy Director of the Division of Banking Supervision and Regulation in 2006, in which she reported directly to Benjamin Bernanke, chairman of the Federal Reserve at the time.
Before joining the Federal Reserve, Bailey spent 24 years in the Office of the Comptroller of Currency with her last 12 years in senior roles in the OCC’s Chicago and New York field offices, in which she was responsible for the examination and supervision of banks in those districts. While in the New York field office, she led an initiative to reorganize the processes of the OCC, resulting in the development of the large bank supervision program.
Greg Matthews
Greg is a Partner in KPMG’s Financial Services Risk Consulting Practice focusing on Third Party Risk Management. Greg leads teams of KPMG professionals at some of the largest global financial services firms as they address current and emerging regulatory requirements that affect business strategies and operations that relate to third parties.