Implementation of risk appetite framework by setting incentives

Summary

Setting appropriate incentives is one of the most important tools for implementation of risk appetite frameworks.

This encompasses the analysis and assumptions how potential incentives would impact the business decisions of a financial institution, the implementation of the specific measures through reward schemes and rules for business-driven decisions, as well as monitoring the impact and adjusting the framework where needed.
There are numerous challenges along the road related to the measurement of the incentives, their impact on different time frames and not the least, the negotiations with the profit-driven functions.

Presenters

• Guido Ruoss, Global Head People, Brand & Communications at Julius Baer 
  Guido Ruoss is a Global Head People, Brand & Communications at Julius Baer since 2015. He has been with the bank since 2008 starting his employment as Chief of Staff of the Investment Solutions Group.
  As a Senior Executive, Guido has strong expertise in all strategic and operational HR topics as well as all aspects of financial management such as direct experience with investment management, portfolio management, manager selection, financial consulting and venture capital.
• Dominik Boos, Lecturer at the ZHAW and Responsible for the CAS Sustainable Investing
  Dominik Boos is lecturer at the ZHAW and responsible for the CAS Sustainable Investing. Before he was at the SNB and at hedge funds. He has extensive expertise in commodities, equities, multi-asset and fixed income. As an entrepreneurial researcher and team leader, Dominik has a successful track record in driving data-driven investment and risk management processes.
• Monika Wieneke, Head of «Risk, Actuarial & Security» and Member of the executive board at AXA Switzerland
  Monika Wieneke is head of «Risk, Actuarial & Security» and a member of the executive board at AXA Switzerland. She has been previously chief risk officer and head of Value Risk Management at AXA Germany. Monika has also a long-standing experience at a large actuarial consulting firm.

Introduced by Pieter Klaassen, Board Member Chair of the Swiss Risk Association and Business Associate at Zanders and moderated by Yordan Milanov, “Risk Appetite” Chapter Manager and Project Manager at Julius Baer.

Agenda

17:45 Arrival & Name Tag Collection
18:00 Welcome and Introduction (Pieter Klaassen and Yordan Milanov)
18:15 Keynote speech
19.00 Q&A
19:20 Conclusion
19:30 Networking Drinks
20:30 End

Chapter Event

This Chapter discusses all topics around Risk Appetite Frameworks. This includes risk identification, risk appetite statements, risk capacity, setting limit and tolerances, risk culture, etc.

The aim is have an open dialog about challenges, concerns, opportunities and to share best practices.