8:00 – 8:50

Registration and breakfast

8:50 – 9:00

Chair’s opening remarks

9:00 - 9:45

Reviewing the events that led to the 2023 banking crisis and mitigation approaches moving forward

  • Impact to industry reputation: Riskiness of banks with increased online presence
  • The power of social media in damaging reputation at a rapid pace
  • Re-evaluating balance sheet strength
    • Reviewing capital and liquidity
  • Future regulatory environment for tier 2 and below
  • Reviewing balance sheets in light of SVB and regional banking crisis lessons
  • Contingency funding planning considerations
    • Managing shortage in a tight timeframe
    • Identifying contingent sources of liquidity on and off the balance sheet
  • Managing migration of deposits from uninsured depositors
    • Move to too big to fail
    • Regulatory expectation for understanding of behavioral characteristics of uninsured deposits

Thomas Dunn,
Chief Treasury and Market Risk Officer,
Northwest Bank

Jon Anderson - - Balance Sheet Management USA

Jon Anderson,
Senior Audit Director, Capital, Liquidity and Market Risk,
First Citizens Bank

Markus Lammer,
COO, Investment Banking and Capital Markets,

Judah Kaplan,
Director, Independent Liquidity Risk,
BNY Mellon


Optimizing balance sheet management and driving resilience of strategies

  • Managing investment strategies in line with changing environment
    • Monitoring economic and regulatory changes
  • Allocating risk-weighted assets or common equity tier-one
  • Managing data challenges with limited availability to reflect the current environment
  • Re-balancing the balance sheet to enhance positions and prepare for further volatility
  • Incorporating expected losses in forecasts
  • Balance sheet structuring to provide additional liquidity
  • Reviewing potential recession on a global scale
  • Recession-proofing the balance sheet
Ryan Hergrueter - Balance Sheet management USA

Ryan Hergrueter,
Head of Balance Sheet and Capital Management,
BNY Mellon

10:20 – 10:50

Morning Refreshment Break and Networking


Next-Generation balance sheet management: Holistic, granular and tech enabled.


  • Holistic balance sheet optimization: Discover how banks are moving towards integrated balance sheet management  (Integration of ALM, Liquidity Risk, IRRBB, FTP) across departments such as Treasury, Finance, and business units.
  • Analytics and data science integration: Deep dive into modernized modeling techniques utilizing high-performance data science and AI analytics with enhanced granularity.
  • BSM technology upgrade: Explore advancements in automation, orchestration, and cloud infrastructure, facilitating real-time analysis and stress testing.
  • Migration to modernized BSM: Gain insights from a case study of a  G-SIB transitioning to cloud-native BSM solution suite with a coordinated global implementation.

Olmo Vazquez
 Co-founder and CEO


Reviewing balance sheet composition in a changing interest rate environment and preparing for future change

  • Managing unrealized losses on the balance sheet
  • Altering balance sheet composition in line with changes
  • Reviewing Fed tools to support asset prices
  • Leveraging tools available to manage through a declining interest rate environment
  • Impact on deposit migration
  • Managing conflicting reports in interest rate movements and impact on pricing
  • Managing the balance sheet according to the uncertain rate environment
  • Impact of continued high rates on funding costs
  • Managing diminishing net interest income and liability reset

Ty Lambert,
Chief Risk Officer,
Cadence Bank

Dimitar Kolev,
Senior Director, Head of ALM,
Farmer Mac

Farhad Mian - Balance Sheet Management USA

Farhad Mian,
Chief Investment Officer, MD, Head of Investment Strategy,
Corebridge Financial

Robert Serena- Balance Sheet Management USA

Robert Serena,
Senior Director, Quantitative Risk Management Officer,


Managing net interest margin compression on the balance sheet

  • Managing through current and expected interest rate environment
  • Adjustments to loan and deposit yield
  • Increased NIM compression with repricing
  • Analyzing and building expectations on loan portfolios
  • Reviewing components driving the behavior of deposits
Jacob Anjilvelil - Balance Sheet Management USA

Jacob Anjilivelil,
Head of Balance Sheet Analytics,
Wells Fargo


Lunch Break and Networking


Federal Home Loan Bank perspective on wholesale liquidity

  • Session details to be confirmed

Adam Goldstein,
Chief Business Officer,
Federal Home Loan Bank of New York

2:10 - 2:45

Reviewing potential changes on the horizon to liquidity standards and impact to balance sheet management

  • Potential updates as a result of 2023 Silicon Valley collapse
  • Managing changes to deposits and shrinking balance sheet
    • Identifying alternative deposit options
  • Impact of liquidity rule changes to liability mix on the balance sheet
  • Enhancing the resiliency of banks by strengthening liquidity positions
    • Diversifying sources of funding
  • Managing portfolios for overall profitability
  • Reviewing business strategies to enhance liquidity
  • Optimizing liquidity management: Satisfying regulators and managing cost of liquidity on the balance sheet
  • Implications of changes to Fed liquidity funding program

Henry Kwan,
SVP-Deputy Treasurer,
East West Bank

2:45 - 3:20

Monitoring and tracking of behavioral assumptions on deposits and optimizing deposit mix

  • Are brick-and-mortar deposits as stable as they once were?
  • Sensitivity analysis to assess exposure
  • Identifying and replenishing deposits
  • Impact of technology enabled capabilities to move money
  • Increased competition with new players in the market
    • Flexibility for less regulated non-banks
  • Capturing risk differences across demographics
    • Developing segmentation capabilities to understand customer mix
  • Measuring deposit outflow to predict future trends
    • Enhancing deposit modeling
  • Leveraging dynamic modeling techniques

George Souellis,
Chief Enterprise Model Risk Officer,
Freddie Mac

3:20 - 3:50

Afternoon break and Networking

3:50 - 4:25

Reviewing the impact of market volatility on prepayment and updating models to capture behavior

  • Monitoring mortgage exposure on the balance sheet
  • Delivering prepayment model to capture unique dynamics
  • Managing uncertainty of mortgage behavior
  • Updating mortgage prepayment models
  • Managing outputs and judgements
  • Understanding balance sheet risk with embedded convexity
  • Understanding deposit behavior with continued uncertainty

4:25 -5:10

Updating models to better capture risk and account for global volatility

  • Impact of interest rates, risk reporting and metrics on model production
    • Managing change within models
  • Ensuring senior management are comfortable with changing outputs
  • Capturing customer behavior for pricing
  • Interacting models, scenarios and assumptions for forecasting
  • Improving technology to support processes
  • Managing change and communicating to management
  • Governance of assumptions and overlays

Naresh Malhotra,
Senior Director,
Société Générale

Mitchell Button,
SVP, Director of Financial Model Validation,
U.S Bank

Katherine Zhang,
Managing Director,
State Street

Alison Li,
Executive Audit Director,
First Citizens Bank

5:10- 5:20

Chair’s Closing Remarks


End of day one Networking drinks reception

8:00 – 8:50

Registration and breakfast

8:50 – 9:00

Chair’s opening remarks

9:00 - 9:45

Stress testing portfolios to review resilience of balance sheet structures

  • Reviewing considerations for changing interest rate environment
  • Inclusion of commercial real estate
  • Scenario design for 2024 focus on balance sheet, interest rate and liquidity risk
  • Adapting and enhancing stress scenarios to be bank specific
    • Aligning with unique risk profile
  • Inclusion of liquidity stress testing
  • Developing bank-specific risk characteristics and macroeconomic factors
  • Reviewing regulatory expectations
  • Changing liquidity model to stress uninsured deposits in light of regional banking crisis

Naresh Malhotra,
Senior Director
Société Générale

9:45 - 10:20

Reflecting macroeconomic change on the balance sheet and incorporating preparation for geopolitical volatility

  • Impact of macroeconomic changes on global organizations
  • Refactoring or changing liquidity profiles to reflect market changes
  • Repositioning for global interest rate impacts
  • Procyclicality of interest rate curve evolution
  • Prudent changes to profile
    • Impact to liquidity risk and potential capital loss
  • Navigating and identifying expected volatility
  • Conducting sensitivity analysis to ensure balance sheet robustness
  • Reviewing election progress and polling results
    • Analyzing the impact of both outcomes
Matthew Hornback - Balance Sheet Management USA

Matthew Hornbach,
Managing Director, Global Head of Macro Strategy,
Morgan Stanley

10:20 – 10:50

Morning Refreshment Break and Networking

10:50 - 11:25

Preparing for potential impact of commercial real estate crisis and managing exposures

  • Managing the impact of hybrid work environments on CRE
  • Changing interest rate landscape
  • Managing economic and accounting implications
    • Accounting issues when not using an asset under the purchase terms
  • ‘Extend and pretend’ approach to prop up prices
  • Geopolitical impacts to CRE pricing
    • Donald Trump fraud indictment impact on pricing
  • Potential to include CRE as an idiosyncratic CCAR/DFAST scenario requirement
    • Impact to traditional valuation methodology
  • Potential impact with volume of loans expected to mature
Tope Adedara ahead of speaking at CeFPro's Balance Sheet Management USA

Tope Adedara,
Internal Audit Director, Assets and Liabilities Management,

11:25 - 12:00

Reviewing methodology and approaches to using FTP as a strategic tool to manage the balance sheet

  • Managing the disconnect between the lines of business and ALM modeling
  • Alignment with FP&A (financial planning and analysis)
  • Aligning ALM transition with financial planning
    • Inclusion of forecasting perspective
  • Understanding methodology and modeling
  • Understanding profitability of businesses
  • Pricing loans and deposits to ensure profitability
  • Pricing FTP for deposit pricing

Petr Chovanec,
Director, Business Modeling and Forecasting,

12:00 - 12:35

Reviewing industry best practice to manage investment portfolio risks with increased regulatory scrutiny

  • Reviewing mix of individual portfolios
  • Managing duration risk in investment portfolios
  • Transitioning to high quality liquid assets
  • Increased rigor post-SVB collapse
  • Reviewing the impact to the industry and individual organizations
  • Managing gaps in market to book values
    • Treatment and justification of losses
  • Understanding how to model investment portfolio and links with treasury

Senior Risk Officer,

12:35 – 1:35

Lunch break and Networking

1:35 - 2:10

Reviewing the future direction of Basel requirements and impact to financial institutions

  • Understanding complaints around new rules
  • Reviewing impacts to different sized organizations
    • Implementing full metrics and analytics for capital calculations
  • Scaling requirements to organizational structure
  • Building resources and systems for accurate calculations
  • Managing increased focus on regional banks after 2023 banking crisis
  • Understanding the impact of capital changes to cash flow projections and forecasting
  • Analyzing business models and adapting to new business landscape
    • Reshaping balance sheets to enhance efficiency
  • Inclusion of operational risk requirements and impact to capital and assets types
Ganesh Radhakrishnan - Balance Sheet Management USA

Naresh Malhotra,
Senior Director,
Société Générale

2:10 - 2:45

Developing a standardized data program across the organization for effective forecasting with continued volatility

  • Managing data limitations in evolving organizations
    • Increased M&A activities and integration of systems
  • Monitoring and tracking data lineage
  • Collecting data and developing calculation capabilities
    • Ensuring data for in-house and third-party approaches
  • Aggregating data across systems for calculations
  • Collecting data for forecast and regression models
  • Data programs to support technology infrastructure
    • Reviewing interaction across variables in data

2:45 – 3:15

Afternoon refreshment break and Networking

3:15 - 3:50

Reviewing the uses of AI and machine learning as a balance sheet management and optimization tool

  • Reviewing potential use cases
  • Identifying deficiencies and gaps to resolve
  • Leveraging to analyze historical data for pattern analysis
  • Measuring balance sheet and resiliency
  • Forward planning and long term view
  • Building insight and rule based actions on data sets
  • Potential to track and monitor evolving risk
  • Leveraging for effective decision making
  • Monitoring customer behavior and tracking deposits
  • Refining regression models with machine learning
Tony Peccia - Balance Sheet Management USA

Tony Peccia,
Managing Director, Chief Risk Officer,

Petr Chovanec,
Director, Business Modeling and Forecasting,

Sergio Cardona
Head of Modeling & Analytics

3:50 - 4:35

Managing the increased reputation risk and escalation with widespread social media coverage

  • Incorporating social media risk within calculations
  • Reviewing SVB case study and the role of social media on bank run
  • Developing monitoring capabilities
  • Integrating social media risk into deposit attrition models
    • Calculating size of attrition as a result
  • Monitoring data trends and historical news
  • Developing a social media monitoring program
  • Making data and outcomes actionable
  • Increased reputation risk with social media spreading fear

4:35 – 4:45

Chair’s Closing Remarks


End of day one Networking drinks reception