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Cybersecurity Risk Management – focus on Central Bank concerns

On 15 September 2020, IOB hosted a live webinar focusing on the key themes addressed in the Central Bank of Ireland's inspection of Cybersecurity Risk Management in Asset Management Firms earlier this year.

Siobhan Walsh, Director of Executive Education, opened the webinar by  introducing the speakers  Laura Wadding, Justin Egan and Jackie Fox.

The panellists looked at the findings of the ‘Dear CEO’ letter, as well as the Central Banks proposal to prescribe the Chief Information Officer as a PCF and finished off by looking at the latest cyber threats and how they can be tackled as an industry together.

Guest Speaker profiles:

Laura Wadding

Laura Wadding 2

Laura is a Partner in the Irish firm’s Risk and Regulation team, within the Risk Advisory Department, specialising in Governance, Risk Management, Compliance and Culture in financial services. Laura began her career in the funds sector more than 20 years ago and has held roles in investor services and compliance in INVESCO, PFPC and BNP Paribas Securities Services. She holds a Degree in Law from the Institute of Technology and a Diploma in Compliance from the Institute of Bankers. Laura currently chairs the Irish Funds Operational Steering Group, with responsibility for coordinating the efforts of 8 working groups – AML, Transfer Agency, Regulatory Reporting, Legal, Depository, Financial Reporting, Heads of Operations and Internal Audit. Since joining Deloitte, Laura has worked with a range of clients in Investment Management, Insurance and Banking, advising the Board and Senior Executive teams on their governance, risk management, and compliance arrangements. Laura has led a number of large projects within our clients to address CBI RMPs, including AML Remediation, the Tracker Mortgage Examination, and Governance, Risk Management and Culture reviews. She is at the forefront of regulatory change in financial services and regularly represents Deloitte at industry events and in market publications.

Jacky Fox

Jacky Fox

Jacky leads Accenture’s security business in Ireland and has 20+ years’ experience in technology and cyber security consulting. She holds an MSc in Digital investigations and Forensic computing, a GCFA and a GICSP. She has worked across multiple industry sectors and specialises in helping organisations to understand and treat their cyber risk. Jacky has had the experience of investigating many large and small scale national and international breaches. She is also Vice-chair on the board of CyberIreland and is an adjunct lecturer for UCD on their MSc in forensics and security. In 2018, she was awarded ‘Security Champion of the Year’ in Ireland for her contribution to the Irish security industry and her mentorship and encouragement of women in security.

Justin Egan

Justin Egan

Justin is a Principal with Carne Global Financial Services. From 2010 to 2014, he was Managing Director of Carne Global Financial Services Luxembourg.

Justin is a recognised funds’ industry expert on a regulatory and compliance matters and has advised many asset managers on fund structuring, fund launches and regulation. He has spoken at industry conferences, provided training to asset managers and is the author of several Carne publications on industry topics. He acts as an independent director for a number of Irish and Luxembourg funds and management companies and has been involved with various committees and working groups in Irish Funds and ALFI.

Prior to joining the Carne Group in 2005, Justin held a number of positions with State Street and Deutsche Bank in Ireland from 1993 to 2005 including Head of Trustee Services, Head of Market Data Services, Joint Head of Valuations and Fund Accounting and Financial Controller. Justin qualified as a Chartered Accountant with KPMG and holds a Bachelor of Commerce Degree from University College, Dublin .