With the initial December deadline looming under the Financial Accounting Standards Board's Current Expected Credit Loss (CECL) standard, institutions are currently in the throes of finalizing their models, performing validation and testing, conducting parallel runs and completing documentation. That said, key quantitative modeling and qualitative framework considerations remain that need to be carefully considered, supported and documented to ensure a successful implementation. Attend this session to measure your organization's CECL implementation progress against industry best practices and become better equipped to comply with the new standard.
Key Learning Points:
- Identify the key components of an effective CECL model implementation framework and factors contributing to success
- Review current model validation challenges that institutions are encountering
- Discuss the importance of incorporating the Qualitative Factor Framework (QFF) in the forecast
- Examine the areas of CECL model risk related to internal controls / SOX
Original Webinar Details:
Date: Wednesday, May 01, 2019
Time: 02:00 PM Eastern Daylight Time
Duration: 1 hour
Todd is a Managing Director within Protiviti’s Risk and Compliance practice. Todd focuses on risk modeling and model validation for Credit Risk , Conduct, Operational, and Market Risk. Recently, Todd has supported stress testing model development, validation and internal audit at more than 15 major banks. He has also led model validations for all major Anti-Money Laundering systems. He has developed model governance processes and risk quantification processes for the world’s largest financial institutions and is an SME for internal audit of the model risk management function.
Benjamin is a Director in the Model Risk Practice with Protiviti, focused on advising clients in the banking industries on credit risk management, ALLL modeling and process, Basel II implementation and CCAR modeling and regulatory compliance. He has 18 years of experience in developing, validating and reviewing credit risk stress testing and econometrics models. Benjamin is also leading a task group to develop Protiviti’s CECL/IFRS 9 modeling 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. He also brings in the consulting experience with a Big Four firm.
Ariste is a Managing Director with Protiviti in the Risk and Compliance Practice. She has over 25 years of credit risk management, financial advisory and banking experience. She specializes in providing advisory services to clients including loss estimation for reserving and the allowance for loan and lease losses (ALLL), Qualitative Adjustment Frameworks and implementation of the Current Expected Credit Losses (CECL), risk modeling and analytics for credit risk, capital planning and stress testing, model validation, credit review outsourcing and co-sourcing, internal controls effectiveness assessment / program development, counterparty credit risk management infrastructure for financial counterparties and vendors, M&A due diligence and credit risk governance.