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DTSTART;TZID=UTC:20220607T060000
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UID:4828-1654581600-1654689600@wuab.org
SUMMARY:The Risk Professionals Group Annual Forum
DESCRIPTION:Background:\nRisk professionals have been forced to adapt to and deal with several changes in the industry since late 2019\, the time when coronavirus started spreading. \nThe Covid-19 pandemic “Deprioritized Regulatory Compliance” and redirected risk management in the financial landscape in the following directions: \n\n Private risk management will increasingly fill the void left by governments.\n\nPrivate risk management will expand and broaden in 2022\, partly because of the ramifications of the pandemic. While government vaccine mandates are unlikely to be imposed in many countries due to legal challenges\, individuals choosing not to receive a COVID-19 vaccine may see their health insurance premiums rise to reflect the likelihood that they will require hospitalization or costly medical treatment. \n\n Long-term risks will be translated into short-term threats and opportunities.\n\nRisk managers will be tasked with translating longer-term threats into short-term opportunities for businesses and policymakers. For example\, households may have difficulty incorporating the uncertain cost of carbon emissions today on the lives of people three or four generations from now. However\, with respect to air quality and reduced illness\, they can appreciate the immediate benefit of switching from coal to less polluting energy sources. The most successful CEOs\, CROs and other risk managers will be those who can translate a long-term vision into a series of short-term actions with clear\, immediate payoffs. \n\n People from all walks of life will become more adept at understanding risk and probability concepts.\n\nIn the future\, widespread probabilistic thinking will lead to more fruitful discourse and better decision making. Demand for people who can speak the language of risk and translate it for others will only increase over time. \n\n Artificial intelligence and machine learning will complement human judgment and simpler modeling techniques – but will not replace them.\n\nRisk managers will look to diversify the number and types of models they use\, to get a broader perspective on the likelihood of default and loss severity. Machine-learning models will take on a larger role\, as firms look to incorporate more timely data in their risk assessments. \n\n Risk managers will focus on cultivating organizational resilience\, rather than mitigating specific risks.\n\nIn the next phase\, financial institutions will focus on developing data and tools to better assess interrelationships and dependencies across firms\, customers and industries. We already see this happening\, as businesses focus on their supply chains and lenders look to gain of a better understanding of their customers (KYC). Increasingly\, to ensure firms can navigate whatever threats emerge\, risk managers will need to understand both indirect and direct threats. Moreover\, they’ll need to develop risk mitigation plans that focus on organizational structure and linkages. \nThis forum aims to achieve a balance between scientific theory and practice\, with a focus on all major emerging methodologies in line with international best practices and regulatory requirements. This forum will also provide banks and regulatory authorities with a platform to learn from practical examples of how to move flexibly to implementing the new regulatory requirements. \nObjectives:\nOn completion of this Forum\, participants will be able to have a clear\, proper and practical understanding of the following topics: \n\nThe main components and definition of regulatory capital and risk weighted assets;\n\n\nThe improvements brought to the treatment of credit risk;\nThe enhancements brought to the treatment of operational risk;\nThe implementation of the leverage ratio surcharge introduced for the largest Banks;\nThe implementation of the risk-sensitive output floor; and\nThe new implementation timetable.\n\nWho should attend?\n\nRegulatory Authorities;\nRisk Managers and senior staff in Banks;\nFinancial Controllers and Financial Managers and senior staff in Banks;\nTreasurers and Capital Markets Managers and senior staff in Banks;\nInternal Auditors and senior staff in Banks;\nExternal Auditors and their main assistants.\n\nMain topics to be covered\n\nCyber security challenges\nResilience within Coronavirus\nHow to manage digital transformation risks in banks\nGreen finance implications and risks \nHigh risks that banks might face in 2022\nThe effect of monetary policies developments on our economies\nSupply chain risk\nAML and counter-terrorism financing risks\nRevisions to the standardized approach for credit risk to enhance the regulatory framework\nInternal ratings-based approaches for credit risk;\n\n\n\n\n\nBrochure\n\n\n\nRegistration Form\n\n\n\n\n\nPresentations\n\n\n\n\n[envira-gallery id=”4868″] \n\n\n[rtec-registration-form event=4828] \n\n\n                    \n                        \n                        \n                            \n                \n                    \n\n        \n        Location: Sheraton Cairo Hotel – Egypt    \n\n        \n                    \n                    \n\n        \n        Date: November 25 -26\, 2026    \n\n        \n                    \n                    \n\n        \n        Time: 9:00 AM till 3:00 PM    \n\n        \n                    \n                \n                        \n        \n                        \n                        \n                        \n                    \n\n        \n        \n\n\nOverview \n\n\nThe Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management\, internal control\, and fraud deterrence. \nInternal audit is being asked to\nsee further\, respond faster and speak with greater authority. Assurance remains fundamental.\nBut in a banking environment increasingly shaped by artificial intelligence\,\ndigital dependencies\, sophisticated fraud\, cyber risk\, regulatory expectations\nand external volatility\, assurance alone is no longer enough. Boards and senior\nmanagement increasingly need internal audit to identify where vulnerabilities\nare developing\, assess whether resilience is real or assumed\, and provide an\nindependent perspective on risks whose speed and complexity are challenging\ntraditional approaches to oversight. This places the Chief Audit\nExecutive at the centre of a significant shift. The question is no longer\nsimply whether internal audit is fulfilling its mandate. It is whether that\nmandate\, its capabilities and its relationship with the boardroom are keeping\npace with the environment in which financial institutions now operate. Against this backdrop\, The\nInternal Audit Forum 2026\, held under the theme “Beyond Assurance: The Next\nAudit Agenda for AI\, Digital Risk\, Resilience and the Future of the CAE\,” will\nbring together senior leaders and professionals from internal audit\, risk\,\ngovernance\, technology and regulatory functions to examine the priorities that\nare reshaping the audit agenda across banks and financial institutions. Over two days\, the Forum will\naddress some of the most consequential questions facing the profession. What\nshould boards expect from their CAEs today? Is internal audit providing\nsufficient foresight? How should audit approach AI when it is simultaneously\ntransforming the bank and the audit function itself? Where does operational\nresilience become most vulnerable across cyber\, cloud and third-party\necosystems? How should institutions respond to deepfakes\, digital fraud\,\ninsider threats and AI-enabled attacks? And as digital identity and eKYC\ncontinue to reshape banking\, how must assurance evolve with them? The agenda extends beyond technology.\nIt will examine governance and ethics\, remuneration risk\, financial resilience\nin volatile conditions\, environmental and social risk within the credit\nlifecycle\, external dependencies beyond traditional outsourcing\, and the impact\nof wider risk developments on the audit universe. It will also look ahead to\nthe decisions CAEs must make as they prepare their 2027 audit plans and build\nthe teams\, skills and judgement that the audit function of 2030 will demand. The Forum is designed not merely\nto examine individual risks\, but to connect them. AI\, cyber risk\, governance\,\nresilience\, third parties\, regulation and talent increasingly intersect\,\nrequiring audit leaders to look beyond traditional boundaries and assess the\ninstitution as a whole. For CAEs and the professionals\nworking alongside them\, the strategic challenge is clear: to preserve the\nindependence and rigour that define internal audit while ensuring that the\nfunction remains relevant to the risks\, technologies and decisions shaping the\nfuture of banking. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n The Internal Audit Forum 2026\nprovides the senior-level platform for that conversation. Topics of Discussion: 1. The CAE in the Boardroom \n\n·        \nThe CAE Agenda 2026: What\nShould Boards Expect from Internal Audit Now? \n\n·        \nThe Audit Committee–CAE\nCompact: Is Internal Audit Providing Enough Foresight? \n\n2. AI & the New Audit\nFrontier \n\n·        \nAI in the Bank\, AI in\nAudit: Governing Both Sides of the Equation \n\n3. Trust\, Ethics &\nRegulatory Governance \n\n·        \nGovernance\, Ethics &\nRegulatory Alignment \n\n4. Digital Identity & the Future\nof KYC \n\n·        \nKYC\, eKYC and Digital\nIdentity: Auditing Egypt’s Next Digital Banking Frontier \n\n5. Digital Resilience Under\nPressure \n\n·        \nCyber\, Cloud and Third\nParties: Where Does Operational Resilience Really Break? \n\n·        \nFraud: Deepfakes\, Digital\nFraud\, Insider Threat and AI-Enabled Attacks \n\n·        \nCAE + CIO + CISO: Who\nReally Owns Digital Assurance? \n\n6. When Compensation Becomes\nRisk \n\n·        \nWhen Pay Becomes a Risk\nIssue: What Internal Audit Should Test in Remuneration Governance \n\n7. Auditing Resilience in\nVolatile Times \n\n·        \nAuditing Financial\nResilience in a Volatile Environment \n\n8. The Profession in Focus \n\n·        \nIIA Egypt Updates Session \n\n9. Sustainability Through the\nCredit Lens \n\n·        \nAuditing Environmental\n& Social Risk in the Credit Lifecycle \n\n10. 2027 CAE Playbook \n\n·        \nGlobal Internal Audit\nStandards – One Year On: What Has Actually Changed? \n\n·        \nGeopolitics Meets Banking\nRisk: What Changes in the Audit Universe? \n\n·        \nFive Decisions Every CAE\nShould Take into the 2027 Audit Plan \n\n11. Beyond the Bank’s Four\nWalls \n\n·        \nBeyond Outsourcing: How\nInternal Audit Should Assure the Bank’s External Dependency Ecosystem \n\n12. Building the Audit\nFunction of 2030 \n\n·        \nBuilding the Audit Team\nBanks Will Need by 2030     \n\n        \n                        \n        \n                        \n                        \n                        \n                    \n\n        \n                        \n                                                Download Brochure                                        \n                \n            \n\n        \n                    \n                    \n\n        \n                                                Download Agenda                                        \n            \n\n        \n                    \n                    \n\n        \n                        \n                                                Download Reg. Form
URL:https://wuab.org/event/the-risk-professionals-group-annual-forum/
CATEGORIES:Conferences & Forums
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