Picture from previous roundtable at New York’s Penn Club. Twenty Chief Compliance Officers from across the industry joined Eddie Cogan, CEO & Founder of Catelas and the Catelas team to discuss key challenges facing the industry today.
Catelas Surveillance Roundtable – Policy creation: Nov 14th New York
Policy creation process
Nov 14th: 8am to 10:30am
How to craft risk policies yourself:
Insider Trading, Control & Monitoring of MNPI
Active Deal Monitoring & Control Room
GDPR & the new cost of PII leakage
This forum is an open dialog between experienced surveillance practitioners on how to deliver on the promise of next gen. surveillance.
“The group was excellent – an interesting mix of thoughtful perspectives made it well worth the time. We look forward to the next event.”
Jason Nagy, Senior Compliance Officer, Perella Weinberg Partners
Topics Covered at last roundtable
20 Chief Compliance Officers from buy and sell sides shared their experiences and discussed their efforts to successfully roll out more defensible and effective surveillance systems. Lessons learned covered :
AI / Machine Learning – Myth of Magic, a practical guide to its use
Successful Deployments – what they look like and how to get there
The Business Case for Surveillance Technology – how to garner management support
With a more effective surveillance technology in place, more attention needs to be focused on how to manage risk, conduct and control violations. In many cases, a new operating model is worth considering.
“I thought it was a great meeting and I look forward to participating in the future”
CB Richardson, Managing Director, Legal and Compliance, Blackstone
Defensibility of AI & Machine Learning
Learn about the three key concerns raised by compliance officers and surveillance practitioners:
What is AI / Machine Learning? How can it be used defensibly?
Compliance Policy Library: buy versus build
Defensibility of next generation surveillance technologies
Eddie Cogan, CEO and founder of Catelas is interviewed by Alan Morley, Chair of the Catelas User Community after the most recent Surveillance roundtable held by Catelas at the Penn club in New York.
Catelas Insights Q3 2019
See what firms are saying about:
Surveillance – the new baseline
Surveillance ROI – time to value
Defensibility of AI
How to achieve 100% coverage
The Compliance ecosystem
Commoditization of the archive
HOLISTIC SURVEILLANCE: MULTIPLE ALGORITHMS WORKING TOGETHER
Unsupervised Machine learning is used to significantly reduce false positives by up to 95%. Each day new models are automatically created to track constantly changing false positives.
Understanding where strong active relationships exist, both internally and externally, helps map out how a firm does business. Understanding these natural channels is key to understanding risk.
Learning what are ‘normal’ and ‘anomalous’ behaviors across communities, allows Catelas to uncover key leading indicators of risk at the employee and message level.
Social Network Analysis
Understanding how people connect within groups is important to how Catelas gains a more holistic view of risk and risk modeling. Knowing that apparently disparate conversations are related is key.
Advanced Natural Language Processing (NLP) algorithms are used to dynamically cluster content, uncovering new topics of conversation which can then be mapped against defined risks.
Combining risk scores such as Conduct Risk, Collusion Risk, Content Risk along with risk signals from across the bank, allows Catelas to build up a more selective understanding of risk.