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8:00 Registration
8:45 Opening Remarks for the Chair
9:00 Insuring Execution of Internal Controls to Mitigate and Deter
Fraudulent Practices in the Financial Sector

• Revealing the breakdown of internal controls: Failure of people
  or technology functions
  
• Insuring long-term adherence to internal control processes
  and functions
  
• Involving senior management as the owners of internal controls:
  Setting the "tone at the top"
  
• Defining mitigation processes by functional area and identifying
  champions of fraud by division within institution
  
• Creating infrastructure where fraud champions report directly
  to senior management/CEO
  

Joseph Carley
Vice President, Worldwide Investigations
Bank of New York Mellon

9:45 Assessing the SEC's Response to Rogue Trading and Internal Fraud

• Voicing the concerns of the Securities and Exchange Commission
  
• Evaluating changing expectations in the financial sector
  
• Sustaining compliance with regulations

Thomas Biolsi
Associate Regional Director
U.S. Securities and Exchange Commission

10:30 Networking Break
11:00 Identifying your Institution's Exposure to Fraud:
Developing Scenarios

• Developing risk assessments by functional division
  
• Building in effective counter-measures for risks
  
• Testing risk-laden functions with fraud scenarios

Kate Leibfried
Senior Global Operational Risk Director, Global Wealth Management
Citigroup, Inc.

11:45 Addressing Fraud for Sarbanes-Oxley

• Auditing Standard 5 changes – reasserting focus on fraud for SOX testing
  
• Combining a SOX program with fraud testing
  
• 14 questions used to determine potential for fraud while
  performing SOX testing
  
• Training internal audit and SOX testing groups in fraud detection
  

Mark Pappas
Executive Director, Sarbanes-Oxley Compliance Group
Morgan Stanley

12:30 Lunch

1:30 Extended Panel Discussion
Navigating Your Internal Controls Panel: Putting on Your
Fraudster Hat

• Brainstorming potential fraudulent scenarios
  
• Identifying areas of risk from internal fraud
  
• Determining countermeasures against internal fraud

Joseph Iacano
Vice President and Manager of Internal Controls
Legg Mason, Inc.

Michael D. Friedman
Managing Director
Natixis Capital Markets Inc.

Simon Hales
Senior Vice President, Chief Security and Fraud Officer
HSBC North American Holdings

Kurt Regush
Vice President, Global Derivatives Operations
Goldman Sachs

2:45 Shifting from Compliance-Driven Controls to Fraud Deterrence

• Realizing fraud is not an anomaly
  
• Shifting from compliance-driven controls to fraud deterrence
  
• Identifying exposure to fraud and possible scenarios relevant
  to the institution
  
• Creating controls for material and consequential scenarios
  

Philippa Girling
Global Co-Head of Operational Risk
Nomura Securities Co.

3:30 Networking Break
4:00 Case Study
Executing Best Practices for Internal Fraud Mitigation:
Lessons from the Retail Banking Sector

• Taking cues from the retail sector's robust internal fraud
  monitoring functions
  
• Identifying relevant crossovers from the retail to the investment bank
  
• Monitoring unique v. homogeneous transactions

Bill Clark
Director, Security
SunTrust Banks, Inc.

4:45 Case Study
Building a Cross-Functional Fraud Action Team

• Pulling anti-fraud professionals from across the institution
  
• Determining when and how to spring into action
  
• Realizing the benefit of pre-fraud preparation

Baldwin Kramer
Head of Security
ABN AMRO

5:30 Close of Day One