IAA and IFoA event: Career opportunities in Banking: Retail and Group Risk

Introductions to the Panelists and the Moderator

Clare Beale is the Global Head of Model Risk Management and Model Risk Steward at HSBC, with teams responsible for model policy, model risk governance and providing independent critical assurance over all models used by HSBC globally, which currently underpin USD 2.6 trillion of assets.  With continued and increasing focus on the management of model risk within financial institutions, the Model Risk Management team is playing a key role in ensuring that inherent and residual model risks are understood and managed in increasingly complex and fast moving markets.

Clare is a senior risk professional who has practised internationally across both corporate and consulting contexts, and has specialised in leading transformation and organisational redesign across quantitative and analytical teams. Prior to joining HSBC in 2010, Clare worked at PricewaterhouseCoopers consulting for insurance and financial services organisations across the UK, Europe and South Africa. Clare is a Fellow of the IFoA in the UK.

Aonghas (pronounced “noo-is”) McIntosh is a Customer Journey Manager at RBS responsible for journeys affecting nearly 1.2 million mortgage customers.  His team’s vision is to create helpful and hassle-free journeys for their customers and colleagues with a relentless focus on delivering value.

Aonghas has experience in a wide range of areas including pricing and profitability of retail products across banking, pensions and other investment products, market analysis and risk policy development.  He’s also worked on capital and risk management, but his real passion is making a difference to customers which has taken him to his current role.

Prior to joining RBS in 2012, Aonghas worked with Standard Life and it was here he had his first experience of retail banking through Standard Life Bank. 

Aonghas is a Fellow of the Institute and Faculty of Actuaries in the UK, a keen swimmer, Chair of his local Community Council and a long-suffering fan of Heart of Midlothian FC.

Antonie Jagga is the Financial Risk Management Leader for Singapore and South East Asia Consulting. He is a Fellow of the Faculty of Actuaries (FFA, UK) and the Actuarial Society of South Africa (FASSA, RSA), and he has significant experience in banking, insurance, financial risk analytics, and credit risk. Antonie has led projects across a wide range of financial services companies in Asia, South Africa, and the UK. Recent engagements include a number of regional projects covering Expected Credit Loss modelling (IFRS 9), Basel Capital Model build and validation, and US CCAR model validation. Outside of work, Antonie enjoys spending time with his family and watching (and playing) football.

Dick Rae spent 15 years in investment banking having worked at JP Morgan, Deutsche Bank and HSBC, before moving into asset management with BMO Global Asset Management. Prior to that Dick spent 20 years in insurance and reinsurance. It was whilst he was at Swiss Re that he first got his taste of the capital markets. Clare is a Fellow of the IFoA in the UK. He chairs the IFoA’s Finance and Investment Board and the IFoA’s Banking Member Interest Group.

THE PANEL DISCUSSION

• Dick Rae will moderate the discussion, providing you with an opportunity to ask questions. 
• Clare, Aonghas and Antonie will talk about the opportunities there are in banking; describing the actuarial aspects of the work they do, the roles they see for actuaries and the skills actuaries can bring to the banking industry.
• Panellists will share their experiences of how they got into banking, as well as give their thoughts on how actuaries can enter the banking profession. 

Time will be made available for questions and answers which can be typed into the application by participants and will be selected to be read by the moderator.