XIV Cracow Conference
of Financial Mathematics

8–9 May 2026 | AGH Cracow

Centrum Rekrutacji AGH U2

About the Conference

Our conference is one of the most important events in our Student Research Association's calendar, combining academic passion with the realities of global business. For years we have proudly partnered with giants of the financial industry — HSBC and UBS.

But it is much more than a series of lectures. It is a unique space where you can personally experience the atmosphere of the great world of finance. Above all, it is a chance to test yourself, to see how you fit into this environment, and to answer the key question: is this what you want to do with your life? We prioritise practice, the exchange of ideas, and direct contact with people who shape markets every day.

What will you learn?

By taking part in the event, you will gain not only dry knowledge, but above all practical insights. During the conference you will learn:

  • ✓ What the current trends and challenges in the banking and finance sector are, directly from the perspective of industry practitioners.
  • ✓ How to plan your career path in order to successfully enter the job market and stand out during recruitment processes at major corporations.
  • ✓ How academic theory translates into practice and what the everyday challenges look like in analytical or managerial roles.
  • ✓ How to build meaningful networking and form relationships that will pay off in your future professional life – the perfect opportunity to do so will be not only during the breaks between lectures, but also at our official Saturday Afterparty!

Event Schedule

Friday, 8 May

08:30 – 09:00

Registration

09:00 – 09:30

Official Opening

09:30 – 10:15

EN

The Hidden Cost of Fairness: Bias Mitigation in Car Insurance Modelling

45 min

Philippe De Brouwer will explore how mathematical models for insurance pricing can be designed to mitigate bias against protected characteristics, demonstrating practical techniques—from data rebalancing to counterfactual analysis—and highlighting the inherent trade-offs and ongoing challenges in defining and maintaining fairness in real-world risk models.

  • Philippe J.S. De Brouwer — HSBC

10:15 – 11:00

EN

Extreme Value Theory and Application

45 min

Description coming soon.

  • Alessio Brussino — UBS

11:00 – 12:00

Coffee Break

12:00 – 12:45

PL

From noise to signal: how machines detect trends

45 min

Daniel Kuc will discuss how AI models transform information noise into useful market signals and how generative technologies are applied in brokerage practice. He will demonstrate a system that analyzes news feeds, identifies trends and their potential impact on the market, and then automatically generates tailored marketing materials. Finally, he will outline future directions, including approaches to the automation of investment decisions.

  • Daniel Kuc — INGOT Brokers

12:45 – 13:30

EN

Stress Testing Bonds: A Mathematical Approach to Market Resilience

45 min

Description coming soon.

  • Hanna Woźniak — UBS

13:30 – 15:00

Lunch Break

15:00 – 15:45

PL

Polish-style ETFs: locally managed funds with a global reach

45 min

Index investing is becoming increasingly popular among Polish investors. This is also due to the growing range of ETFs managed by domestic investment firms, which offer exposure to both Polish assets and global markets. It is therefore worth taking a closer look at the key features of such investments, how they are managed, and how their performance is measured.

  • Przemysław Sepielak — TFI PZU

15:45 – 16:30

EN

Risk management framework for structural market uncertainty

45 min

Filippo Macaluso will give a speech about adapting risk management frameworks to persistent market uncertainty, with a focus on governance, early-warning systems, and tail risk mitigation.

  • Filippo Macaluso — Standard Chartered

Saturday, 9 May

08:30 – 09:00

Opening

09:00 – 09:45

EN

Risk Aggregation Techniques and Tools

45 min

Description coming soon.

  • Enrico Ditta — UBS

09:45 – 10:30

EN

Owning your career and working with a personal development plan

45 min

Description coming soon.

  • Philippe J.S. De Brouwer — HSBC

10:30 – 11:15

Coffee Break

11:15 – 12:00

PL

Applications of artificial intelligence in an integrated platform for payment orchestration and monitoring

45 min

Description coming soon.

  • Krzysztof Kuśnierz — IBM

12:00 – 12:45

EN

Getting the inputs right – creating stress scenarios in a poly-crisis world

45 min

Stress testing challenges the resilience of financial institutions by applying adverse yet plausible scenarios. While it gained prominence as a risk-management tool after the Global Financial Crisis, yet today's shocks often originate outside the financial system. Here, we will discuss how such scenarios are created, how qualitative narratives are turned into quantitative impacts, and how these figures ultimately drive model results. We will also explore how Large Language Models (LLMs) can augment and streamline this process.

  • Rafał Szepietowski — Citi

12:45 – 13:30

PL

Logical, rational, better!

45 min

How can being aware of cognitive biases help with investing?

  • Grzegorz Zalewski — DM BOŚ / Linia

13:30 – 15:00

Lunch Break

15:00 – 15:45

EN / PL

Panel Discussion

"The End of the Junior Quant Era? Will artificial intelligence close the doors of financial markets to graduates?"

45 min

Moderator

  • Tomasz Prusek

Panellists

  • Philippe J.S. De Brouwer — HSBC
  • Mariusz Śliwiński — TFI PZU
  • Grzegorz Zalewski — DM BOŚ / Linia
  • Krzysztof Kuśnierz — IBM

15:45 – 17:45

Paper Competition

17:45 – 18:00

Competition Results & Closing

21:00

Afterparty — Klub Zaścianek

Józefa Rostafińskiego 4, 30-072 Kraków

The official social event accompanying the conference. We invite all participants to a networking evening—a great opportunity to chat with speakers and other guests in a relaxed atmosphere. Admission by ticket only!

Our Speakers

Tomasz Prusek

Tomasz Prusek

Economic journalist and President of the Fundacja Przyjazny Kraj (Friendly Country Foundation).

Mariusz Śliwiński

Mariusz Śliwiński

Graduate of the Poznań University of Economics, SGH Warsaw School of Economics, and Warsaw University of Technology. Investment adviser (CIIA), stockbroker, and financial market expert with 15 years of experience. Currently at TFI PZU as Manager of Data and AI Technology.

Przemysław Sepielak

Przemysław Sepielak

Doctor of Economics, investment adviser (CFA, FRM). Involved in financial markets since 2009. Manages index funds and ETFs at TFI PZU SA; Head of the Index Funds Team.

Grzegorz Zalewski

Grzegorz Zalewski

Founder of publishing house Linia and expert at DM BOŚ SA. Specialises in investor psychology and decision-making.

Filippo Macaluso

Filippo Macaluso

Leads Market Risk and Initial Margin Model Validation at Standard Chartered. Former model risk quant at HSBC and State Street Corporation; former ML lecturer in finance.

Philippe J.S. De Brouwer

Philippe J.S. De Brouwer

Senior Vice President (SVP) at HSBC Kraków, an expert in risk management and data science with over 30 years of experience in banking and asset management. He specializes in data analytics, risk, and the application of AI in finance. Academic lecturer.

Daniel Kuc

Daniel Kuc

Senior AI Engineer specializing in practical applications of artificial intelligence in business. He develops and implements end-to-end AI solutions, including chatbots and data analytics systems, by integrating cloud technologies with organizational needs. He holds a degree in applied mathematics and data science from AGH University of Science and Technology.

Rafał Szepietowski

Rafał Szepietowski

Senior Regulatory Risk Officer (SVP) at Citigroup. Experienced in stress testing and capital adequacy across global institutions (Citi, UBS, BNY Mellon). Holds a PhD in Astrophysics; certified FRM and SCR.

Krzysztof Kuśnierz

Krzysztof Kuśnierz

Program Director at IBM with over 16 years of experience in the IT industry. Manager at IBM Poland's Krakow Software Lab. Leader of the IBM Financial Transactions Manager.