ASM – IAA Joint Webinar – A Non-Traditional Actuary – Banking on Change
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ASM – IAA Joint Webinar – A Non-Traditional Actuary – Banking on Change

By November 19, 2020 January 25th, 2021 No Comments

Start Date: 8/12/2020 @ 03.00 p.m
End Date:  8/12/2020 @ 04.00 p.m
Venue: Zoom Meeting
CPD Hours: 1
Member Charge: RM 0
Non-Member Charge: –
Max No. Attendees: –
Invitation Type: Members Only
Sign up link: Signup Here
Sign Up Start Date: 19/11/2020
Sign Up End Date: 3/12/2020
Write-Up File Download: Not available yet.
Presentation Slides: Not available yet.
Description: The title Actuary is synonymous with ‘Risk’ and ‘Uncertainty’ and the application of these principles to Insurance and Pension Funding. However, the Actuarial skillset can just as be readily adapted to the needs of the Banking Sector. Whether it’s forecasting the run-off profile associated with Non-Maturing Deposits (NMDs) or using anomaly detection algorithms to detect suspicious transactions as part of Anti-Money Laundering (AML) regulation, the classical training an aspiring Actuary receives is perfectly aligned with skills required to flourish in a Banking environment.

An Actuary who decides to depart from the ‘Traditional’ areas of practice and pursue a role in Banking can expect to deal with:

  • How the role of the High Street Bank is being challenged by the rise of The Digital Bank for Retail & Small to Medium Enterprise (SME) financing
  • How to reposition a bank’s balance sheet towards ‘Sustainable Financing’ whilst preserving profitability
  • How to promote Fairness, Ethics, Accountability and Transparency in the application of Machine Learning & Artificial Intelligence

Please join our session to explore:

  • Topical issues currently facing the Banking Sector across the ASEAN region
  • Opportunities available for Actuaries wanting to work in the Banking Sector
  • How the Actuarial Society of South Africa’s (ASSA’s) Banking Fellowship subject can equip an Actuary transition to the Banking Sector

The Speakers

Mr . Steve Claxton

18 years of Financial Institution (banking & insurance) experience accumulated across the ASPAC region..

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Mr . Michael Tichareva

Michael Tichareva is the Managing Director and Principal of National Standard Finance Africa..

Learn More

  • Steve Claxton

    Speaker

    Steve Claxton, Head of Risk ASEAN, SAS

    18 years of Financial Institution (banking & insurance) experience accumulated across the ASPAC region (Australia, Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Philippines) both in an ‘in-house’ and Consultant (KPMG Advisory) capacity. Qualified Actuary (AIAA) (Member of Banking Practice Committee – Actuaries Institute) and B.Sc (Applied & Computational Mathematics).

    Primary areas of practice & expertise:

    • Credit risk measurement & management: Stress Testing, AIRB (across Sovereign, FI, Corporate, and Retail), Specialised Lending, Securitisation, Economic Capital, IFRS 9, Scorecarding (application, behavioural & collection)
    • Operational risk measurement & management: data modelling, scenario analysis.
    • Balance sheet/behavioural modelling: deposit attrition modelling & prepayment/presettlement modelling
    • Portfolio stress testing & economic capital modelling
    • Internal Capital/Liquidity Adequacy Assessment Process (ICAAP/ILAAP)

  • Michael Tichareva

    Speaker

    Michael Tichareva, Managing Director & Principal, National Standard Finance Africa

    Michael Tichareva is the Managing Director and Principal of National Standard Finance Africa, and affiliate of National Standard Finance, LLC having co-founded and formalised the operations in 2014. He is responsible for the Africa strategy and the strategic and day to day operational management. In addition, he is involved in the origination and structuring of sovereign, sub-sovereign and private sector infrastructure & real estate deals across Africa with a strong focus on developmental finance to improve quality of lives of people and is constantly involved in a number of such initiatives.

    On actuarial practice, Michael is a banking actuary who leads a team of actuarial professionals in delivering banking consulting assignments that include among others IFRS 9 expected credit loss modelling and credit scorecard development for banks. He currently leads at a global level in developing banking practice for actuaries and continues to present at various international platforms on the involvement of actuaries in banking practice.

    Michael is a Fellow of the Actuarial Society of South Africa (FASSA) having qualified in 2004 through the Institute & Faculty of Actuaries (UK). He currently is the Chairperson of the recently established Banking Working Group of the International Actuarial Association (“IAA”).