PwC India’s Financial Services Risk Symposium

Navigating the complex landscape of emerging risks in the ever-evolving financial services sector to foster agile risk frameworks, strategies and transformations.

PwC India is proud to present the third edition of its Financial Services Risk Symposium. Hosted in Mumbai on June 12, 2024, this symposium serves as a platform to facilitate experienced conversations surrounding upcoming risk complexities, emerging technologies, and its use cases, along with robust governance and compliance within the financial sector, making way for instrumental discussions on agile frameworks, strategies, and transformations.

Our symposium is set to blaze a knowledge trail with its three thought-provoking panels:

Future of risks
Compliance transformations
Using advanced analytics for delivering managed services

Organisational risk management and broader resilience capabilities need to adapt quickly in order to support business agility and deliver robust, timely insights to enable businesses to take swift decisions.

Sivarama Krishnan Partner and Leader - Risk Consulting, PwC India and Leader APAC Cybersecurity & Privacy, PwC

Financial services firms operate in a multifaceted, swiftly evolving business landscape where they constantly deal with complex global regulatory shifts, aggressive competition, heightened cost pressures, operational inefficiencies, and financial and non-financial risks.

At PwC India, we recognise that thriving in today's dynamic landscape requires agile strategies accompanied by the right set of tools and technologies. We bring forward our deep expertise and understanding to prepare for unforeseen circumstances, navigate change effectively and efficiently, while taking proactive measures in addressing current regulatory challenges and emerging risks.

Glimpses from previous editions

Chennai

PwC India's FS Risk Symposium, Feb 2024 – Casting the net wide for understanding risks and advanced technologies

Celebrating the resounding success of the first edition of FS risk symposium in Mumbai, 2023, PwC India was thrilled to announce their second flagship event at Chennai in February 2024.

The event was inaugurated with a welcome speech by Kuntal Sur, Partner - Risk Consulting and Leader - FST, followed by two thought-provoking speeches on the essence of Financial Services by Sivarama, Partner and Leader - Risk Consulting & Gayathri Parthasarathy, Partner and Leader – Financial Services.

The symposium served as a knowledge platform, inspiring deep conversations, and rich industry experience stories around three stimulating panels:

ERM strategies
Gen AI in fraud risk analytics
GRC technology integrations

PwC India’s distinguished panelists steered the FS stage towards the importance of agile risk management practices while fostering positive collaborations within the BFSI industry.

Keynote Address: Uma Sankar Regional Director RBI – Chennai

PwC India’s symposium then welcomed our esteemed keynote speaker, Uma Sankar, Regional Director RBI – Chennai, who led an engaging and detailed discourse on RBI regulatory mechanisms and risk practices charted for the Indian banking industry.

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Mumbai

PwC India's FS Risk Symposium, June 2023 - Unlocking Opportunities Amidst Risks

Embarking on a journey of strategic insights and groundbreaking discussions, PwC India proudly hosted its inaugural Financial Services (FS) Risk Symposium – a dynamic exploration into the intricate complexities of risk management within the BFSI sector. This landmark event unfolded on June 29, 2023, at the Trident Hotel in BKC, Mumbai. The experiences shared by the esteemed panels on the challenges faced by their organisations and the solutions they remastered were pivotal takeaways for the entire audience.

Keynote Address: Bhargeshwar Banerji, Chief General Manager, RBI

Banerji graced the stage with a compelling keynote. Drawing from his extensive regulatory experience, he shared profound insights into risk governance, providing a roadmap for industry leaders to navigate the evolving regulatory financial landscape with confidence.

Read more about her insightful key takeaways:

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The panel topics were as follows:

Risk Culture
Cloud Adoption Risks
Model Risk Management (MRM)
Outsourcing risks (Third party vendors)

Embarking on a journey of strategic insights and groundbreaking discussions, PwC India proudly hosted its inaugural Financial Services (FS) Risk Symposium – a dynamic exploration into the intricate complexities of risk management within the BFSI sector. This landmark event unfolded on June 29, 2023, at the Trident Hotel in BKC, Mumbai.
The overarching theme of the symposium featured dynamic discussions on key themes such as risk culture, technological adoption challenges, strategic collaborations and more in a rapidly changing ecosystem. With highly experienced panelists, expert speakers, and a collaborative spirit, the symposium was a platform for C-Suites to better understand, navigate and embrace the complexities of sophisticated risks in the BFSI sector. The experiences shared by the esteemed panels on the challenges faced by their organizations and the solutions they remastered were pivotal takeaways for the entire audience.

PwC India's FS Risk Symposium, June 2023 - Unlocking Opportunities Amidst Risks

Mr. Banerji graced the stage with a compelling keynote. Drawing from his extensive regulatory experience, he shared profound insights into risk governance, providing a roadmap for industry leaders to navigate the evolving regulatory financial landscape with confidence.

Keynote Address: Mr. Bhargeshwar Banerji, Chief General Manager, RBI

Mr. Banerji graced the stage with a compelling keynote. Drawing from his extensive regulatory experience, he shared profound insights into risk governance, providing a roadmap for industry leaders to navigate the evolving regulatory financial landscape with confidence.

Panel Discussions: A Glimpse into Strategic Dialogues with Industry Experts

Panel discussions of FS Risk Symposium Mumbai edition

Risk Culture: Unveiling the DNA of Resilient Organisations

Industry stalwart discussions delved into the importance of fostering a risk-aware mindset across all levels of the organisation.

Cloud Adoption Risks: Skyrocketing into the Cyber Future Safely

Industry experts provided strategic insights and their own experiences into ensuring a secure and compliant transition to cloud-based solutions.

Model Risk Management (MRM): Precision in the Age of Uncertainty

Compelling insights were shared by seasoned risk leaders on MRM best practices and innovative approaches to enhance model risk management.

Outsourcing Risks (Third-party vendors): Strategic Collaborations in an Evolving Ecosystem

Industry leaders shared perspectives on building robust partnerships while effectively managing and mitigating third-party risks in line with the varying business models.

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Industry stalwart discussions delved into the importance of fostering a risk-aware mindset across all levels of the organisation.

Our esteemed panelists:

Rishi Garg, Chief Risk Officer, Nippon Life India Asset Management Limited	Sumit Gupta, Chief Risk Officer, Yes Bank
Venugopal Ranganathan, Chief Risk Officer – India and South Asia Cluster, Standard Chartered Bank	Joydeep Roy, Financial Services Leader - Advisory, PwC India

Moderated by Rounak Shah, Partner, Governance Risk Compliance, PwC India.

Industry experts provided strategic insights and their own experiences into ensuring a secure and compliant transition to cloud-based solutions.

Our esteemed panelists:

Vaidyanathan, Chief Information Officer, Unity Small Finance Bank Ltd	Prashant Dhanodkar, Head – Information Security and CISO, SBI General Insurance
Amarnath Bysani, Partner, Cyber Risk Consulting, PwC India	Sudhir Kesavan, Partner, Technology Consulting, PwC India

Moderated by Amol Bhat, Partner Cyber Security, PwC India.

Compelling insights were shared by seasoned risk leaders on MRM best practices and innovative approaches to enhance model risk management.

Our esteemed panelists:

Srinivasa Rao, Deputy MD and Chief Risk Officer (DMD & CRO), State Bank of India (SBI)

G Srinivas, Chief Risk Officer, ICICI Bank

Moderated by Kuntal Sur, Leader Financial Services, Risk Consulting, PwC India.

Industry leaders shared perspectives on building robust partnerships while effectively managing and mitigating third-party risks in line with the varying business models.

Our esteemed panelists:

Gopala Srinivasan, ex-Director, National Insurance Academy

Anil Bhandari, ex-CISO, State Bank of India

Moderated by Puneet Garkhel, Leader Forensic Services, PwC India.

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PwC India’s competency service offerings

Financial Services and Treasury Risk Management
Governance, Risk and Compliance (GRC) Services
Cyber security services
Forensic – e-discovery and managed review services
Business Risk Consulting (BRC)
Regulatory Compliance Services

Financial Services and Treasury Risk Management

Navigate business decisions with ease through our wide spectrum of actuarial offerings: Valuation, Due diligence, Risk assessment, Model design amongst others. Click here to discover end-to-end implementation of latest accounting standards, gap assessments, prophet modelling and more!

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Governance, Risk and Compliance (GRC) Services

Empower your business with strategic excellence through our comprehensive suite of GRC services. Learn to navigate risks, optimise governance, transform businesses and stay audit compliant. Click here to stay ahead of the curve.

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Cyber security services

Safeguarding financial institutions from cyber threats, one risk at a time! Click here to explore our cyber security services.

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Forensic – e-discovery and managed review services

Your first line of defense in crisis and litigation. To streamline your digital journey with our cutting-edge electronic document solutions, from data collection to evidence evaluation, PwC’s forensic services has got you covered! Click here to know more about our services.

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Business Risk Consulting (BRC)

Our comprehensive BRC Solution helps you navigate uncertainty effortlessly: Streamline your risk transformation, build a strong supply chain, manage IT programs, third-party risks, and implement effective GRC & Business Continuity Planning solutions. Click here to secure your future with our BRC services.

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Regulatory Compliance Services

To know more about how we are revolutionising the way financial institutions navigate the complexities of regulatory landscapes, check out our regulatory compliance service portfolio.

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PwC tools

Conducting several threat and vulnerability checks but still struggling to have a risk-based enterprise-wide view? Consolidating vulnerability management reports but want to move beyond High-Medium-Low reporting? Our CRI tool is the answer to all these problems.

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Unlock compliance intelligence. Click here to empower your business to stay ahead of regulatory compliance risks and streamline processes with our powerful, intuitive, real-time actionable compliance solution. Maximise compliance, minimise risk with our compliance insights tool.

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