With the deadline for implementation looming in Q1 2020, 2018 is a busy year as financial institutions push to prepare Current Expected Credit Loss (CECL) models for parallel run. While some have already created their models, others are pushing to finalize models and acquire new tools. Under the CECL regulation, financial institutions will be required to use historical information, current conditions and reasonable forecasts to estimate expected loss over the life of a loan. Attend this session to learn what Model Validation and Internal Audit can do to stay on top of the process.
Key Learning Points:
- Interpret and discuss validation activities as the models are developed and after they are completed
- Analyze the challenges institutions already planning for CECL are encountering
- Evaluate what other institutions are doing to audit CECL models and process controls
Original Webinar Date:
Thursday, 27 Sep 2018
Todd Pleune is a Managing Director in the Data Management and Advanced Analytics practice. As a leader in the Model Risk practice, Todd focuses on risk modeling and model validation for credit, market, operational and conduct/compliance risk. Recently, Todd has supported CECL and stress testing model development, validation and internal audit at more than 15 major banks. He has developed model governance processes and risk quantification processes for the world’s largest financial institutions and is a subject matter expert for internal audit of the model risk management function.
Ben Shiu is a Director in the Model Risk Practice with Protiviti, focused on advising clients in the banking industries on credit risk management, ALLL modelling and process, Basel II implementation and CCAR modelling and regulatory compliance. He has 18 years of experience in developing, validating and reviewing credit risk stress testing and econometrics models. Ben is also leading a task group to develop Protiviti’s CECL/IFRS 9 modelling methodology and overall solution. Prior to joining Protiviti, he worked for several top U.S. banks and focused on developing internal credit risk models, credit card portfolio management strategies and interest rate risk VaR models.
Jeffrey Marsh is an Associate Director in Protiviti’s Risk and Compliance practice. Jeff has over 15 years of credit and regulatory risk management experience. He has worked as an advisor and federal examiner with global and regional banks, GSE's, hedge funds and large asset management companies for developing and evolving their risk management, governance and compliance functions. He provides advisory services to his clients around consumer and commercial credit risk management, due diligence, compliance and regulatory enforcement matters. Jeff is a Certified Lending Business Banker (CLBB).
1 CPE Credit will be awarded for those viewing it live!