- Overcoming changing market and consumer sentiment and their impact on reputation
- Mitigating increasing reputational and conduct risk rising from enhanced regulatory scrutiny
- Avoiding reputational damage from perceived greenwashing
James Francis
COO
Unlocked Labs
Sarah Morgan
Head of Nutrition Innovation
Routine
- Creating comprehensive education programs from the board down
- Educating the institution on the current priorities of ESG risk management programs
- Informing decision making throughout other functions of the institution
- Expanding ESG risk management teams: training from within or recruiting specialists
Panelists
Mitch Carpen
Senior Vice President and Climate Risk Executive
Key Bank
Mitch Carpen has over 25 years of experience designing, leading and implementing a broad range of growth, realignment and startup initiatives in financial and governmental organizations.
He is the Climate Risk Executive at KeyBank and currently leading their Climate Risk Framework buildout.
In his previous role at the Green Climate Fund in South Korean he served as the head of the Office of Risk Management, Compliance and Sustainability where he built up a team and the due diligence framework to allow the Fund to significantly scale up its portfolio of climate change transactions in developing countries.
Before joining the Green Climate Fund, he worked with the State of New Jersey as an Executive Director to startup an infrastructure bank that focused on financing resilient energy assets after the devastating effects of Hurricane Sandy.
Before this he was an Assistant General Manager at Bank of Tokyo-Mitsubishi in Singapore where he led the startup of the risk function for their newest regional headquarter. He also held senior positions with Societe Generale’s risk team in New York City, Instinet Corporation and Prudential Financial.
Mitch has a masters degree in Mathematics of Finance from Columbia University in New York City, and a masters and bachelors degree in Economics and Information Science from Rutgers University in New Jersey.
Emily Westendorf
Vice President, ERM Program Manager
Fifth Third Bank
Emily Westendorf serves as vice president and ERM program manager. She is responsible for establishment of the climate risk program including execution of climate scenario analysis, design of a data strategy, and climate-related communications.
Emily previously served in multiple operational risk roles including Scenario Analysis Program Manager, KRI Program Manager, Operational Risk Governance Manager. In these roles, Emily managed integration of key risk indicators from the MB Financial merger, enhanced governance protocols in alignment with Heightened Standards, and executed large scale scenarios on topics ranging from cyber to LIBOR to climate. Emily also provided second line operational risk oversight of Consumer Bank and centralized functions. Emily began her career at Fifth Third as a Learning Facilitator supporting Retail.
Moderator
Jim Costa
Chief Risk Officer
Banner Bank
James Costa is Executive Vice President and Chief Risk Officer of Banner Bank. In this role, he is responsible for overseeing the company’s risk and compliance functions as well as the Bank’s interactions with industry regulators. He is also a member of the Bank’s Executive Management Committee.
Prior to joining Banner, Costa served as Chief Risk and Chief Credit Officer for TCF Financial a regional bank where he managed all credit and risk functions as well as operations. At TCF Jim managed the enterprise integration of the merger equals between Chemical Bank and TCF. Prior to TCF, Jim held executive leadership positions in risk, credit and lines of business as EVP at PNC Financial and Head of Enterprise Credit Strategy at Wachovia Corporation, now Wells Fargo. Jim has been active in financial services for almost 30 years with focus areas including enterprise strategy credit risk, and regulatory relations.
Jim earned his bachelor’s degree from Ohio State University and conducted his doctoral studies from the University of Minnesota. Jim is a veteran of the US Air Force. In Minnesota, Jim is active in community organizations to include Habitat for Humanity, Humane Society and The University of Minnesota Center for Children’s Cancer Research. Jim is also an advisory board member for the Midsize Bank Coalition of America.
JT Groarke
Head of Fitness Partnerships
Gympass
After a career in finance, JT opened a boutique training gym in NYC. His newfound love for the fitness industry coupled with a desire to pursue an opportunity in the corporate environment, led to the sale of his gym and acceptance of a role on the Gympass Fitness Partnerships team. JT has been with Gympass for 5 years and manages all National Partnerships for Gympass in the US.
- Best practices and quick wins from the early rounds of climate risk stress testing
- Assessing what good looks like and how to effectively measure
- Increasing climate risk model robustness and improving accuracy
Moderator
Maureen Maguire
Senior Climate Analytics Consultant US Lead – Climate and ESG Solutions
Ortec Finance
As Senior Climate Analytics Consultant within Ortec Finance’s Climate & ESG Solutions, Maureen is primarily responsible for integrating its investment decision-making technology for US-based financial institutions and providing ongoing support on how its analytics can help them measure, manage and monitor their climate strategy.
Maureen has over three decades of experience across ESG, climate analytics, scenario analysis and economic and sector forecasting within various research and consultancy roles. She joins Ortec Finance from The Climate Service and was previously IHSMarkit’s Global Head of Financial Stress Testing, where she worked with large financial institutions on their financial stress test requirements and incorporated macro analysis into climate stress testing and ESG.
Maureen holds a Bachelor and Master of Agricultural and Resource Economics from the University of Massachusetts, USA.
Panelists
Moez Hababou
Director of Model Risk Management
BNP Paribas
Moez Hababou heads Model Risk Management for BNP Paribas US for the Credit, Financial Security, and Capital Planning workstreams. He is responsible for all model validation activities in the areas of Wholesale Credit, CCAR, and BSA/AML. More recently, he is focusing on best ways to account for climate risk in credit risk management and validating machine learning models. Prior to his current role, Moez Headed CCAR Modeling for CIB BNPP US. Moez held similar analytical and modeling roles at UBS Wealth Management, Barclays and Royal Bank of Scotland. Moez has also numerous publications in academic journals. Moez holds a Ph.D. in Management Science from York University (Toronto, Canada) and a Master degree in Finance from Laval University (Quebec City, Canada)..
Cyril Shmatov
Managing Director, Head of Enterprise Stress Testing
Citi
Cyril Shmatov leads the Methodology and Applications team within the Enterprise Risk Management organization at Citigroup, responsible for internal stress testing exercises at the Enterprise level, as well as review and analysis of stress testing results. Prior to joining Risk Management in 2014, Cyril had held a variety of roles within Citi Global Markets, including those in Citi Principal Strategies, Markets Quantitative Analysis and Credit Derivatives Trading Strategy. His previous experience also includes a Research Analyst position with Millennium Partners.
Cyril holds a PhD in Applied Mathematics from Columbia University in The City of New York, where he is now also an adjunct professor within the Financial Engineering program.
Faisal Mohed
SVP, Director of Capital Planning & Stress Testing
Valley National Bank
Faisal Mohed is Senior Vice President and Director of Capital Planning & Stress Testing within the Corporate Finance Group at Valley National Bank. Faisal joined Valley in 2008 after completing his BA in Mathematics from Rutgers, The State University of NJ. Faisal later completed his MBA studies (Finance and International Business concentrations) at Rutgers Business School in 2014. Prior to his current role, Faisal served as Commercial Underwriting Division Head in Valley’s Credit Risk Management Group. Faisal is involved in a variety of initiatives across the organization including Valley’s ESG Council and is Chair of the Risk Assessment and Mitigation Sub-Council. Faisal has served as a member of the American Bankers Association Conference Advisory Board since 2020 and was recently honored with the New Jersey Banker’s Rising Star Award.
- Determining what ‘good’ looks like for an ESG risk management framework and how to get there
- Best practices and successes from around the globe and avoiding the mistakes of international counterparts
- Balancing short term and long term commitments: how are we achieving targets?
- Internal versus external priorities: are they aligned or different?
Moderator
Ricardo Martinez
Principal
Deloitte
Ricardo is a Principal in Deloitte & Touche LLP’s Risk & Financial Advisory practice. He has over 25 years of experience serving the financial services industry, specializing in credit and market risk, OTC derivatives processing and related regulations.
Ricardo serves as the Sustainable Finance Risk Leader for Deloitte in the US, helping global financial institutions navigate complex and evolving ESG expectations and regulations. This role serves as a natural extension to his focus on large and complex industry transformations that require a combination of compliance, analytics, technology, and business understanding.
Panelists
James Norman
Global Head of Sustainable Investing Client Strategy
Goldman Sachs
Karl Pettersen
Chief Sustainability Officer
Société Générale
Tim Judge
Senior Vice President, Head of Modeling and Chief Climate Officer
Fannie Mae
- Understanding what regulators are asking for, when they want it and how to prepare
- Benchmarking where we are, where we want to be and how we get there
- Complying to multiple and often contrasting regulatory and disclosure requirements across various jurisdictions
Moderator
Bobby Bean
Managing Director
Forvis
Bobby Bean is a Managing Director at FORVIS. Prior to FORVIS, Bobby spent more than 30 years at the Federal Deposit Insurance Corporation (FDIC), most recently as the Deputy Director of the Division of Risk Management Supervision and head of the Capital Markets and Accounting Policy Branch. In this role, Bobby led the FDIC’s international and domestic policy development for regulatory capital, capital markets, and climate risk. He served as a member of the Basel Committee on Banking Supervision and as a member of the Network for Greening the Financial System. Bobbyestablished and led the FDIC’s international and domestic policy initiatives on climate-related financial risks, served as the chair for the FDIC’s interdivisional working group on climate-related financial risks, and representedthe FDIC at the Financial Stability Oversight Committee (FSOC) climate-related financial risk working group.
Panelists
Derek Jun
Head of Climate Risk
TIAA & Nuveen
Bridget Realmuto LaPerla
Director of ESG Solutions
TD Bank
Raymond Conover
Enterprise Stress Testing and Climate Scenario Analysis Executive
Bank of America
