Fraud Risk Management in Swiss Banking

Summary

The prevention and the detection of frauds within the Financial Institutions are the most important and critical elements. An increase of number of scandals related to frauds may tarnish the bank’s reputation and cause loss of trust of the related financial markets by both the clients, counterparties and markets.  

 This event will explore the most important key elements of the Fraud Risk Management in Banking industry through the eyes and views of experts in this field. The event is designed for risk and compliance professionals in the financial sector who are keen to deepen their understanding of fraud dynamics in the banking industry and other financial sectors. The speakers, including experts from Forvis Mazars, VP Bank and ex-Kroll, will share their knowledge and real-world examples, offering a better understanding of today’s Fraud Risk Management and mitigation framework. 

Key Topics Include:

• How have the frauds risks evolved in the banking sector the past years?
• The importance of implementing an overall Fraud Risk Management Framework including an efficient Internal Control System to mitigate risks.
• The importance of Risk Culture and whistleblowing processes.
• Sharing fraud detection and investigation experiences and techniques
• Frauds case studies in the financial industry.

Presenters

• Stefan Rauch, Head of Compliance, VP Bank
  Executive Risk & Compliance professional with more than 25 years experience in a multinational environment in the Financial Services industry across Business Risk, Operational Risk, Compliance and Audit functions. Stefan holds a masters degree in business administration and is a US Certified Public Accountant. He held leadership roles at KPMG, Clariden Bank, Clariden Leu and Credit Suisse AG prior to joining VP Bank (Schweiz) AG. He was the Global Head of Fraud at CS Group until the integration into UBS.
• Olivier Maes, Executive Director, Forvis Mazars in Switzerland
  Over 25 years of international experience in the financial industry. Currently an Executive Director at Forvis Mazars in Switzerland, Olivier has a proven track record in risk compliance and audit management. Previously, he held global leadership roles at UBS, ABN AMRO, where he honed his expertise in financial crime audit, legal compliance, and change management. His analytical skills and strategic vision have consistently driven success in dynamic environments, making him a distinguished leader in the industry for financial crime engagements. He holds regularly conferences on these topics and he regularly tasked by regulators to do investigative work.
• Florent Mourier, Executive Director, Forvis Mazars in Switzerland
  Over 20 years of international experience in risk mitigation and corporate compliance. Currently, he leads the Forensic Financial Advisory practice at Forvis Mazars in French-speaking Switzerland, focusing on governance and ethics compliance. Previously, he was Senior Manager at Arendt Regulatory & Consulting, developing a forensics team and leading investigations across Europe. As a former Senior Director at Kroll and a freelance consultant, Florent advised on AML-CTF, anti-bribery, and due diligence for top-tier clients. His leadership and expertise are pivotal in navigating complex regulatory environments.
• Louis–David Magnien – Regional Managing Director and Head of EMEA at G3, specialist in strategic Intelligence, Cyber, Forensic & Investigations.
  Experienced leader in strategic intelligence and risk consulting, previously at Kroll, co-Head EMEA, and Head of France and Switzerland. He specializes in business and commercial intelligence, compliance, fraud investigations, corporate governance. Before Kroll, he co-founded and led Silvaris Capital, a global long-short equity hedge fund. Louis-David started his career in investment banking in 1993, including 16 years at UBS and Credit Suisse, where he advised financial institutions on M&A and capital management. He holds a business and taxation degree from HEC Paris and a DESS in International Taxation from Université de Paris XI.

Moderation by Jean-Pierre Colombara and/or Kathrin Anne Meier.

Agenda

17:45 Doors open – Name Tag Collection
18:00 Introduction (Jean-Pierre Colombara/Kathrin Anne Meier)
18:05 Fraud Risk Management in 2024 (Olivier Maes)
18:25 Framework and its Internal Control System (Stefan Rauch)
18:50 Fraud detection and investigation (Florent Mourier)
19:10 Other fraud  case studies and best-in-class practices (Louis–David Magnien)
19:35 Questions & Answers ​(all)
19:50 Networking drinks (all)
20:50 End

Chapter Event

This Chapter Event is available to members and free. We will be presenting one or more speakers to share their knowledge, updates and best practices on a specific risk topic. Within the small groups of risk professionals you can exchange thoughts and test ideas. This event is hosted by the chapter Non-Financial Risks (NFR).