3rd Edition CECL 2018


3rd Edition CECL 2018

October 24-25, 2018 | New York City

Reviewing progress towards final implementation of the CECL standard

Increasing focus on accounting and understanding impacts

Model decisioning for CECL and recalibrating models

Defining a reasonable and supportable forecast period

Validation techniques for CECL modeling frameworks

Justifying model assumptions and overlays and qualitative considerations

Progress towards final CECL implementation after decisioning

Reporting and analytics of output numbers to key stakeholders

Developing an audit program to satisfy internal and external auditors

CECL - Hear from 20+ senior CECL experts including-

Ankur Goel
SVP, Head of Consumer Modeling


Natalya Schenck
Financial Economist

Fiona Zou_2018

Fiona Zou
VP, Global Risk Analytics

Jian Hu hs

Jian Hu
Executive Director, Head of Macroeconomic Forecasting
Morgan Stanley

Xiaoling Sean

Xiaoling Yu
Director, Model Validation


Jimmy Yang
MD, Credit and Operational Risk Analytics
BMO Financial Group

Tim Bates

Tim Bates
VP, Credit Risk, Chief Credit Officer

Mohit Dhillon

Mohit Dhillon
Senior Director, Quantitative Analytics


08:00 Registration and breakfast

08:50 Chair’s opening remarks

Jeff Prelle, MD, Head of Risk Modeling, MountainView

9:00 Using scenario generation for forecasting and determining approaches for successful implementation

  • Build or buy
  • Variations across the industry
  • Generating forward view and forecast
  • How many scenarios to use
  • When to revert to historical average
  • Leveraging scenarios for IFRS 9 and CECL

Ty Lambert, Chief Data Analytics Officer, BancorpSouth
Keith Church, Head of Economic Modelling, 4most

9:35 Dynamically integrating CECL into forecasting and stress testing processes

  • Operational efficiencies and computational accuracy when using consistent data and behavioural models to generate cash flows and ECLs
  • Performing CECL calculations in a dynamic forecast facilitates more detailed and consistent output metrics
  • Extend the process for consideration in strategic origination pricing and profitability analysis; use to produce business unit pricing tear sheets inclusive of CECL charges
  • Incorporation of management actions and response in order to optimize conditional capital adequacy

JL Drew, Senior Consultant, Quantitative Risk Management

10:10 Morning refreshment break and networking

10:40 Reviewing how CECL will perform under certain scenarios to finalize decisioning ahead of implementation

  • Justifying and testing model decisions
  • Understanding dynamics under scenarios
  • Fine tuning methodology
  • Using insight to finalise decisioning
  • What would the impact be on allowances of the crisis
  • Running models with forecasts from previous years and testing decisions
  • Understanding impact and context of decisions
  • Reviewing historical forecasts and running on loan data from the period

Xiaoling Yu, Director of Model Validation, KeyBank

11:15 Incorporating CECL data requirements into infrastructure for continuous capturing of data

  • What types of data are important?
  • Integrated Strategic Loan Portfolio analysis
  • Data Collection and Data Governance
  • Optimizing historical data – using historic or market data – or both?
  • Producing data for model input – the data remediation process
  • Accurately capturing loan-level data

Ed Robertson, CFA, Senior Managing Director, Head of FIG, Vaco

11:50 CECL: Assessing the alternatives

  • Overview of CECL alternative methodologies
  • Advantages of adopting a dual rating scale
  • Using a PD / LGD approach for CECL quantification, an example
  • TTC to PIT
  • Including macro-conditioned forecasts
  • Term structure adjustments

Radomir Lukic, Senior Director, Risk Services, S&P Global Market Intelligence

12:25 CECL bespoke forecasting: Bringing expertise from across the pond
Damien Burke, Partner, 4most

12:35 Lunch break and networking

1:35 CECL for 2022:  Leveraging data for a clear strategic advantage

  • What CECL means for data retention and storage
  • Data storage guidelines
  • How that data can be leveraged for other uses
  • Out maneuver the competition with intelligent CECL data analysis

Rick Martin, Product Manager, Financial and Risk Management Solutions, Fiserv

2:10 CECL and the impact on your portfolio: Impact analysis on products and portfolios under CECL

  • Impact to customers on longer term products
  • procyclicality and exacerbating a downturn
  • Canadian impact from IFRS 9
  • Profitability of business lines with changes to reserves
  • Model interpretability to understand impact on portfolio and portfolio shaping
  • Impact of CECL on enterprise and business management
    • Adapting strategies to incorporate CECL
    • Incorporating within budgeting and capital planning

Jimmy Yang, MD, Credit and Operational Risk Analytics, BMO Financial Group
Tim Bates, VP, Credit Risk, Chief Credit Officer, BECU
Mohit Dhillon, Senior Director, Quantitative Analytics, Barclays
Sulagn Patanaik,
Principal Product Manager, Oracle Financial Services

3:00 The benefits of taking a bottom-up approach to CECL modeling for C&I portfolios

  • Developing portfolio segmentation using existing financial statement data on C&I borrowers
  • Leveraging financial statement data to calculate CECL reserves as part of the credit underwriting process for both private and public companies
  • Update CECL reserves as part of on-going portfolio monitoring and analysis
  • Understand the drivers of the change in the underlying credit risk of borrowers and portfolio segments and its impact on CECL reserves

Brad Saegesser, Senior Account Executive, RapidRatings

3:30 Afternoon refreshment break and networking

4:00 Leveraging existing models for CECL

  • Evolution of credit loss models in response to changing regulatory requirements
  • Using Top-down vs. Bottom-up approaches to forecast economic effects on loss estimates
  • PD*LGD framework in Allowance, Capital and Stress Testing models
  • Re-purposing existing model infrastructure for CECL

Natalya Schenck, Financial Economist, OCC

4:35 Incorporating CCAR models for CECL development

  • Balancing the element of conservatism of CCAR models with the Accuracy for CECL Models
  • Estimating the life of loan for the revolving products such as Credit Cards
  • Long run average estimation methods beyond the reasonable and supportable period

Ankur Goel, Senior Vice President – Model Development, PNC

5:10 Building a CECL framework on top of IFRS 9

  • Gap analysis between IFRS 9 and CECL in terms of model development and implementation impact
  • Justifying the modelling decisions as the “best estimate” under CECL
  • CECL pooling requirement and modelling/segmentation challenge

Fiona Zou, Vice President, Global Risk Analytics, HSBC

5:45 Chair’s closing remarks

5:55 End of day one and drinks reception


08:15 Registration and breakfast


08:50 Chair’s opening remarks

Sulagn Patanaik, Principal Product Manager, Oracle Financial Services

9:00 Defining a reasonable and supportable forecast period that can be defended to auditors and regulators

  • Limited clarity or guidance
  • Understanding key variables for determining forecast period
  • Cascading down to program implementation
  • Impact on development stage
  • Defining up front to avoid adjustments
  • Feeding into PD/LGD models
  • Incorporating for credit losses
  • Requirements to ensure a credible forecast

Jimmy Yang, MD,  Credit and Operational Risk Analytics, BMO Financial Group
Fiona Zou, VP, Global Risk Analytics, HSBC

9:40 Incorporating CECL into accounting best practices 

  • Explaining Risk estimates to accounting practitioners – “It’s all Greek to me!”
  • The need to automate the accounting governance process
  • Disclosures – moving from the old to the new model
  • Defending your results through an auditable and transparent process
  • Ensuring your process is reasonable and supportable

Will Newcomer, VP, Business Development & Strategy, Wolters Kluwer

10:15 Technology for ensuring successful CECL implementation

  • Three challenging goals
    • Being able to explain loss allowances evolutions
    • Create proper risk and finance cooperation to close successfully the financial accounts
    • Give satisfactory answers to auditors
  • Induced data management technological constraints
  • Working out the right IT infrastructure

Shlomo Cohen, Senior Advisor, AxiomSL

10:50 Morning refreshment break and networking

11:20 Incorporating CECL into accounting practices and understanding impact on reports

  • Accounting practices – Recent developments
    • From the transition resource group
    • From the FASB
  • Impacts on reports
    • SEC financial reporting
    • Regulatory reporting
    • Stress testing

John Lyons, Director, Accounting Advisory Services, KPMG
Joseph Bielecki, Director, Credit Risk Advisory, KPMG

11:55 Scenario Design: CCAR vs CECL

  • Leverage CCAR capabilities in CECL scenario design
  • Link baseline and alternative scenarios from different macroeconomic models
  • Conservative vs reasonable and supportable
  • Severity vs uncertainty

Jian Hu, Executive Director, Risk Analytics, Morgan Stanley

12:30 Lunch break and networking

1:30 Preparing for 2019 parallel runs and producing results for review ahead of finalization

  • Moving towards 2019 parallel with CECL infrastructure
  • Running whole suite alongside incurred loss models for comparison
  • Leveraging lessons learnt from limited runs for IFRS 9
  • Adjusting models based on results
  • Comparing output and eliminating issues prior to full implementation

Samrah Kazmi, Advisory Industry Consultant, SAS

2:05 Developing a strategy for CECL loss forecasting with varying degrees of interpretation across the industry

  • Using internal models vs. vendor models
  • Utilizing macroeconomic variables from stress testing
  • Finalizing interpretation
  • Evolution of banking loss models from stress testing, IFRS 9 to CECL

Jorge Sobehart, MD, Citi

2:40 Reporting and analytics of CECL numbers to key stakeholders and explaining changes

  • Creating management packages under CECL
  • Explaining results on an ongoing basis
  • Explaining results each quarter to stakeholders
  • Creating detailed narrative and explaining to investors
  • Understanding changes from models and decisions as forecasts change
  • Telling the CECL story
  • IFRS 9 results and reporting experiences
  • Attribution analysis to communicate changes

Lauren Smith, Director of Accounting Policy and Research, SS&C Primatics

3:15 Afternoon refreshment break and networking

3:45 Analysis of the impact of modeling assumptions in the CECL framework on the provisioning for credit loss

  • Overview and background on the CECL standard
    • Procyclicality in the incurred loss standard
    • Regulatory overview and timelines
  • CECL areas of impact
    • Key considerations and best practice
  • Aspects, considerations and challenges: Data modeling and implementation
  • The impact of modeling assumptions
    • Background
    • Time series VaR methodologies for estimation and scenario generation
    • Data and empirical results

Michael Jacobs, Lead Quantitative Analytics and Modeling Expert, PNC

4:20 Developing an audit program to satisfy internal and external auditors and justify process

  • Ensuring the right people from development through to reporting
  • Management defence of decisions
  • Project management oversight and escalation
  • Demonstrating results and methodology to regulators and external auditors
  • Move from realistic scenarios to forward projections
  • Satisfying auditors with assumption-based forecasting

Matt Clohessy, SVP, Audit Manager, KeyBank

4:55 Implementation execution: Progress towards final implementation once framework decisioning is finalized

  • Challenges executing large scale projects in complex institutions
  • Managing up and downstream contingencies
  • Resource allocation
  • Lessons learnt to date
  • Differences across large vs. small implementation approaches

Tim Bates, VP, Credit Risk, Chief Credit Officer, BECU
Zack Li, Managing Director, PNC

5:35 Chair’s closing remarks

5:45 End of Congress

CECL - Hear from 20+ senior CECL experts including-
Tim Bates
Tim Bates, Chief Credit Officer, BECU

Tim Bates is VP of Credit Risk Management and Chief Credit Officer for BECU, an $18 billion credit union based in Seattle, Washington. In this role, he leads BECU’s Credit Risk Management program, overseeing the organization’s risk analytics, reporting, automated underwriting, policy, governance, and credit administration activities. Tim assumed this role in May 2015, after serving for two years as BECU’s VP of Enterprise Risk Management and Chief Risk Officer.

Tim is a twenty-five year veteran of credit risk management in the financial services industry. Prior to joining BECU, Tim was a Senior Vice President of Credit Risk Management at Washington Mutual, where he managed a number of analytic and operational teams in credit and fraud risk management. In this role, he led credit functions that included Credit Risk Oversight, Mortgage Fraud and Risk Mitigation, Credit Information Systems, and Corporate Risk Analytics. He has also led analytics and consulting teams at Equifax, Experian, and Austin Logistics, engaging in the design of risk management solutions for leading domestic and international financial services companies.

Tim has a Bachelor of Arts in Economics from the University of Alabama, and a Master of Business Administration in Finance from the University of South Carolina.

Joe Bielecki
Joseph Bielecki, Director, Credit Risk Advisory, KPMG

Joe has more than 15 years of experience in providing assurance and advisory services to a global client base of institutions across the banking and insurance industries. Joe provides credit accounting advisory services under U.S. GAAP including services including auditing and advising on credit accounting under the current “incurred loss” model as well as advisory services related to preparation for and implementation of the “current expected credit loss” models which will be required by ASU 2016-13. Prior to joining KPMG’s advisory practice in 2016, Joe has worked for large domestic and international banks and has also spent seven years as an auditor in the banking industry. He has held Finance roles such as business unit CFO and business unit controller as well as Risk and Credit roles with direct responsibility for the ALLL.

Damien Burke, Partner, 4most

Damien Burke has over 18 years of experience in Credit Risk, Collections and Recoveries. He joined 4most in 2015 and is responsible for developing client solutions in the Regulatory space. He has been key to developing an internal approach to Validation and utilising this with our clients. He has extensive experience in developing responses to regulatory change, including developing permissions applications for accession to IRB, self-assessments and attestations and embedding governance structures into FIs as well as changes resulting from CRR, COREP and IFRS9.

Keith Church
Keith Church, Head of Economic Modelling, 4most

Keith Church is an economist with 30 years’ experience of building and using large-scale macroeconomic models.  During 2008, he moved from consultancy into banking at Lloyds Banking Group, where he gained experience in modelling and forecasting losses and capital requirements during the financial crisis.  Since joining 4most in February 2017, he has been responsible for building and delivery of forecasts and scenarios to support 4most’s clients’ IFRS9/CECL and stress testing activities. His role also provides economic insight and presentations to senior management within 4most’s clients, identifying key economic trends and translating these into business risks and opportunities.

Matt Clohessy Headshot
Matt Clohessey, SVP, Audit Manager, Credit Risk Review, KeyBank

Matthew Clohessy is an Audit Manager, Senior Vice President with KeyBank’s Credit Risk Review Division. Matt has 10 years of experience as an Internal Auditor with regional financial institutions and three and a half years of experience as a Systems Administrator outside of the financial services industry.

Matt specializes in leading cross-discipline reviews and has a wide range of experience, most notably in evaluating internal controls over Allowance for Loan and Lease Losses (ALLL), commercial lending operations and credit risk governance (Middle Market, Business Banking, CRE, Leasing, Asset Based Lending), indirect auto lending, electronic banking delivery channels, GLBA Compliance, back office operations, and depository and lending regulatory compliance.

Matt is also as an adjunct professor in Canisius College’s Accounting program.

He is a member and former chairman of the New York State Society of CPA’s (NYSSCPA) Technology Assurance Committee and a member of the NYSSCPA’s Banking Committee. Matt is a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) and is RMA Credit Risk Certified (CRC).

Matt graduated cum laude from Canisius College with dual Bachelor of Science degrees in Accounting and Accounting Information Systems and has a Master’s in Business Administration from Canisius College.

Shlomo Cohen, Global SME, Risk and Finance, AxiomSL

Shlomo has more than 20 years’ experience working on risk, regulation and finance in the banking industry. Within AxiomSL, as Global Subject Matter Expert on Risk and Finance, Shlomo Cohen contributes to designing effective offers for IFRS 9, CECL and other risk/finance applications, as an extension of AxiomSL award-winning reporting solution.
Previously, for 12 years, he was in charge of Economic Capital and Basel 2-3 Pillar 2 for Dexia group, a European banking institution; as such he worked on far-reaching issues such as capital allocation and budgeting, economic risk and performance measures such as RAROC and Economic Profit, ALM, risk tolerance and appetite.
Before that, also for 12 years, he was the founder and CEO of Finance & Technology Management, a consulting firm specialized in enhancing the shareholder value of financial institutions.
MIT alumni, he is at 60 an experienced banker, senior lecturer in multiple conferences and seminars, writer of reference articles, teacher in Risk and Finance matters and executive in a number of professional associations.

Mohit Dhillon
Mohit Dhillon, Senior Director, QuantitativeAnalytics, Barclays

Mohit Dhillonwill be presenting at 3rd Edition CECL 2018

JL Drew
JL Drew, Senior Consultant , QRM

JL Drew, CPA is a Senior Consultant at Quantitative Risk Management (QRM) with over 10 years of experience. He currently is the lead consultant on Stress Testing and CECL/IFRS 9 engagements. JL also participates in projects related to credit loss forecasting, asset and liability management, Value-at-Risk (VaR), Response Surface Modeling, strategic planning, among others. Since 2016, he is a regular speaker at QRM’s Annual Balance Sheet Management Conference in Chicago.

JL obtained his undergraduate degree in Finance and Accounting (with high honors) from DePaul in 2004. Upon graduation, he worked as a Consultant at Deloitte leading private equity and hedge fund tax accounting engagements. He then attended the Northwestern University Kellogg School of Management for his MBA, where he specialized in Strategy and Finance, graduating in 2014. During and after his time as a student at Kellogg, JL worked as a Senior Risk Management Consultant at the Federal Reserve Bank of Chicago where he participated as a manager for the Comprehensive Capital Analysis and Review (CCAR) and the Coordinated Liquidity Review (CLR), as well as served as a subject matter expert on the Current Expected Credit Loss Model (CECL). JL has been a registered Certified Public Accountant since 2007.

Ankur Goel, Senior Vice President – Model Development , PNC

Ankur Goel is leading the model development of all Non-Residential Retail products for loss forecasting at PNC bank. His team is responsible for developing CCAR / CECL models for Auto, Credit Card, Student Lending and Unsecured Instalment Loans. Ankur has an extensive experience of modelling both in Academia and Banking. Before joining banking, Ankur was a Professor at Case Western Reserve University. He holds a Ph.D., from University of Texas and an undergraduate degree from Indian Institute of Technology.

Jian Hu hs
Jian Hu, Executive Director, Risk Analytics , Morgan Stanley

Jian Hu is an Executive Director and Head of Macroeconomic Forecasting at Morgan Stanley where he manages a team of quantitative professionals and is responsible for designing macroeconomic scenarios, developing econometric models used in the creation of the firm’s BAU, CCAR and CECL scenarios, and providing guidance and requirements to IT infrastructure projects. Prior to Morgan Stanley, Jian worked for UBS Wealth Management Americas, Moody’s Analytics, and Fannie Mae, where he focused on business forecasting, credit risk modelling and stress testing models. Jian holds a PhD in economics from Southern Methodist University and is a CFA charterholder.

Michael Jacobs
Michael Jacobs, Lead Quantitative Analytics and Modeling Expert , PNC

Mike is a lead model development and analytics expert across a range of risk and product types, having a focus on wholesale credit risk methodology, regulatory solutions and model validation. Mike has 25 years of experience in financial risk modeling and analytics, having worked 5 years at Accenture and Big 4 consulting as a Director in the risk modeling and analytics practice, with a focus on regulatory solutions; 7 years as a Senior Economist and Lead Modeling Expert at the OCC, focusing on ERM and Model Risk; and 8 years in banking as a Senior Vice-President at JPMC and SMBC, developing wholesale credit risk and economic capital models. Skills include model development & validation for CCAR, PPNR, CECL, credit / market / operational risk; Basel and ICAAP; model risk management; financial regulation; advanced statistical and optimization methodologies. Mike holds a doctorate in Mathematical Finance from the City University of New York – Zicklin School of Business and is a Chartered Financial Analyst.

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Samrah Kazmi, Advisory Industry Consultant, SAS

Samrah Kazmi is an Advisory Industry Consultant for Risk solutions at SAS. A capital markets professionaland an award winning risk practitioner, she has expertise in leading, designing & executing large-scale regulatory change management initiatives and complex risk transformation projects in the financial services sector. Before joining SAS, Samrah served as Sr. Director of Credit Operations at OnDeck Capital where she ran the Underwriting & Escalation functions for North America. At GE Capital’s prestigious Model Development Center of Excellence she functioned as global Credit Risk SME. Samrah has also served as the Director of Risk Review and global SME for Counterparty Credit Risk at New York Portfolio Clearing, a Central Counterparty and subsidiary of the NYSE. Prior to her career in Risk, Samrah also served as Credit Structurer & Equity Derivatives trader at various global banks. Samrah holds a Bachelor’s degree in Economics with a minor in Journalism from Boston University, an MBA from the International University of Monaco and a Fintech certification from Massachusetts Institute of Technology (MIT).

Ty-Lambert 163x163
Ty Lambert, Chief Data Analytics Officer, BancorpSouth

Mr. Lambert joined BancorpSouth in 2006 and has served in a variety of roles including portfolio management, asset-liability management, investor relations, and model development/systems integration. His team is currently responsible for asset-liability management, liquidity risk management, and capital stress testing. In addition, Mr. Lambert plays an active role in strategic planning with respect to corporate budgeting and capital deployment. He has been a featured speaker at stress testing conferences and has served on American Banker’s Advisory Board for Stress Testing. Prior to joining BancorpSouth, Mr. Lambert was a portfolio manager for retail clients. He received his bachelor and MBA degrees from Mississippi State University and the University of Mississippi, respectively.

Zack Li, Managing Director, PNC Bank

Zack Li will be presenting at 3rd Edition CECL 2018

Lukic, Radomir
Radomir Lukic, Senior Director, Risk Services, S&P Global Market Intelligence

Rad Lukic is a Senior Director and Analytical Lead at S&P Global Market Intelligence, Risk Services. His focus is on assisting financial institutions and other organizations in validating and improving their credit risk assessment methodologies in a Basel II framework. Rad has extensive experience in analytical service development and client engagements, with a focus on developing and validating credit risk internal risk rating systems aligned with regulatory requirements.

Rad joined S&P Global in 2006 as an Associate in the New York Risk Solutions Group. He previously held an FX Analyst/Strategist for Emerging Markets position in a foreign exchange brokerage, as well as a consulting position at Mitsui & Co. with responsibility for the Balkan region.

Rad received an MBA from the Zicklin School of Business at the City University of New York (Baruch College), and a BSc in Economics from Belgrade University (Serbia).

John Lyons, Director, Accounting Advisory Services, KPMG

John is a director in KPMG’s New York Accounting Advisory Services practice with over 8 years of experience in the financial services sector providing both advisory and audit services. His areas of specialization include the banking, asset management, investment funds’ and financial services’ sectors. Prior to joining KPMG in the U.S., he worked as an audit manager in the Financial Services Audit practice of KPMG Ireland. As part of preparations by financial institutions for the adoption of IFRS 9 and the Current Expected Credit Loss model (CECL), John has provided accounting advisory support to the accounting policy and credit risk teams within multiple financial institutions during the assessment of the impact of the new standards on their portfolio of financial instruments.

John has provided accounting advisory services to a broad range of clients based in the US including: preparing carved out opening balance sheets arising out of M&A activity; converting the basis of accounting from US GAAP to IFRS across a range of industries; creation of pro-forma primary statements for SEC filings; advising on debt vs equity accounting issues; and providing on-call accounting support to banks, financial institutions, and pharmaceutical entities relating to financial instruments.

Rick Martin
Rick Martin, Product Manager, Financial and Risk Management Solutions, Fiserv

Rick Martin has over twenty years’ experience in Banking and Financial Technology. Prior to joining Fiserv, he worked at SouthTrust Bank and Bank of America and holds degrees in both Accounting and Finance from the University of Georgia. Rick is a Georgia Certified Public Accountant (CPA) and owned and operated a small public accounting firm for over six years. He is also a founder and current board member of City of Brookhaven, Georgia Chamber of Commerce.

Will Newcomer , VP, Business Development & Strategy , Wolters Kluwer

Will Newcomer has more than 35 years of experience in risk and finance with major and regional banks as well as leading technology firms, making him uniquely qualified to lead clients to the forefront of integrated finance, risk and compliance solutions. In addition, Will uses extensive experience in enterprise-wide management information systems to help financial institutions in the areas of risk adjusted performance management, budgeting and planning, asset and liability management, incentive compensation, financial reporting and stress testing.

• Risk adjusted performance management
• Budgeting and planning
• Financial reporting
• Asset and liability management (ALM)
• Incentive compensation
• Risk management
• Stress testing

• Vice President and Market Manager, Finance, Risk & Reporting, Wolters Kluwer Financial Services, where he is responsible for business development and advises clients on all matters relating to managing finance, risk and reporting
• Works closely with sales and product managers to help determine the needs of potential customers and provide technical assistance regarding the performance of Wolters Kluwer’s solutions
• More than 35 years of experience in bank and technology management
• Former Managing Director of Performance and Compensation at SunGard, a software and technology services provider
• Served as Senior Vice President and director of M.I.S. and Profitability Analysis at BancorpSouth
• Former Vice President of Marketing and Planning at Bank of America – Texas

Education and Certifications
• B.S. in Computer Science, Lamar University, Beaumont, Texas
• M.B.A. in Corporate Finance, University of Dallas, Texas

Sulagn Patanaik, Principal Product Manager, Oracle Financial Services

Sulagn Patanaik is a product manager with Oracle. He has 10 years of experience in providing IT solutions to financial institutions. In his current role he leads the development of the Oracle CECL solution. Sulagn received an MBA from TAPMI (India) and is a certified Financial Risk Manager (FRM).

Jeff Prelle
Jeff Prelle, MD, Head of Risk Modeling , MountainView

Jeff Prelle leads MountainView’s risk modeling services, which span across model development, model validation, and core deposit analyses in support of broader balance sheet and risk management initiatives.

Mr. Prelle joined MountainView in 2017 from Scottrade Financial Services, where he utilized his expertise in data governance, risk analytics and modeling, stress testing, capital planning, and asset liability management (ALM) to mitigate organizational risk and solve business problems. Jeff is also a frequent speaker about regulatory expectations and implementation challenges of CECL modeling, PPNR modeling, credit risk modeling, model risk management, and stress testing frameworks.

Ed Robertson, Senior Managing Director, Head of FIG , Vaco

Mr. Robertson provides specific focus on M&A / Loan Portfolio advisory and due diligence, best practices consulting in all aspects of finance, banking, loan risk, portfolio analytics as well as data project remediation. Ed has more than 30 years of finance experience in commercial, international, correspondent, mortgage and retail lending, as well as 15 years as Chief Financial Officer of two Fortune 100 Commercial Bank divisions. Prior to joining the Vaco team, Mr. Robertson was the Head of FIG at Situs and prior to that he created the Commercial Loan Services Division at Clayton, where he developed and managed many large engagements with the FDIC, Barclays Bank, Sovereign Bank, Union Bank and Columbia Bank. Mr. Robertson received his MBA from the University of Pittsburgh, and BS in Business Administration from the University of Florida and holds FINRA licenses Series 7 & 63.

Brad Saegesser
Brad Saegesser, Senior Account Executive, RapidRatings

Brad works with financial institutions and captive finance organizations, globally, on the RapidRatings credit and portfolio management solutions team. With over 25 years of experience, he was most recently a senior manager at Crowe Horwath, LLP where he worked with financial institutions to implement credit portfolio risk management solutions. Previous roles include enterprise credit risk specialist at Moody’s Analytics, and director of product management and strategy at DiCom Software.

Brad has an MBA in Accounting Information Systems and a BA in Accounting, both from Michigan State University.  He is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA).

Natalya Schenck, Financial Economist, Enterprise Risk Analysis Division, OCC

Natalya Schenck is a Financial Economist in the Enterprise Risk Analysis Division at the Office of the Comptroller of the Currency (OCC). She provides quantitative support for DFAST and ALLL model reviews, in wholesale and retail credit areas. Dr. Schenck joined the OCC after completing her Ph.D. (Finance) at Kent State University. She also holds Diploma of Specialist in Mathematics from Saint Petersburg State University, Russia. Her research on impact of regulation on banking industry has been published in several academic journals such as Journal of Regulatory Economics and Journal of Financial Research.

Lauren Smith , Director of Accounting Policy and Research , SS&C

Lauren is the Director of Accounting Policy and Research at SS&C Primatics. She has over 10 years of experience in the financial services industry and began her career as an auditor with Deloitte. She has spent the last year assisting financial institutions with their conversion to IFRS 9 Impairment and FASB’s Current Expected Credit Loss model (“CECL”).

Lauren is a licensed CPA in Virginia and is a graduate of William & Mary.

Jorge Sobehart, MD , Citi

Jorge R. Sobehart is a Managing Director at Citi Franchise Risk Architecture (Credit and Operational Risk Analytics) where he manages advanced modeling for wholesale portfolios for credit risk capital allocation, stress testing and CCAR/DFAST, and loan loss reserves including IFRS9/CECL. During his career, he has worked for several prestigious institutions making contributions and publishing tens of technical articles in multiple fields. He also acted as a reviewer for several professional journals and book editors in risk management, finance, physics, computation and mathematical modeling. Dr. Sobehart has advanced degrees in physics and postdoctoral experience at the Center for Non-Linear Studies at the US-Los Alamos National Laboratory.

Jimmy Yang, MD, Credit and Operational Risk Analytics, BMO Financial Group

Jimmy Yang is currently Managing Director, head of Credit and Operational Risk Analytics at Bank of Montreal. He is in charge of the analytical decision center which covers all credit and operational risk related analytics for BMO globally.

Before Jimmy joined BMO, he is managing director at MUFG Union Bank. He is in charge of: Basel II/ III, Retail, Small Business, Wholesale, investment portfolios, PD/LGD/EAD scorecards, Loss forecasting, ALLL Reserve analytical support, Stress testing, Economic Capital, Acquired portfolio valuation, Limit Setting, Portfolio Optimization, Dynamic Dashboard reporting and Risk infrastructure (analytical data mart, wholesale spreading system, scorecard system and CRE property management system etc.).

Before that, he was Executive Vice President for First Horizon National Corporation. He was responsible for the center of Analytics and Strategy.

Before that he was with Wachovia bank in Charlotte, NC as Senior Vice President in charge of Basel II and credit risk analytics.

He also had prior experience managing Model validation, Operational risk and Enterprise risk management.

Jimmy was a Peking University graduate in computational mathematics and he also has a PhD in applied mathematics and an honor graduate of Southwestern Graduate School of Banking.

Xiaoling Sean
Xiaoling Yu, Director, Model validation, KeyBank

Sean (Xiaoling) Yu is a SVP and Director of Model Validation at KeyBank. He has over 10 years of experience in the financial services industry in different quantitative modeling roles. His areas of functional expertise include Consumer and Commercial Credit Risk, Stress Testing, Allowance/Reserve, Capital Modeling, Risk Analytics, and Model Governance. Prior to Key, Sean was Sr. Group Manager of Quantitative Analytics and Model Development in PNC Financial Service Group. He started his financial services career in National City Bank as a Sr. Capital Allocation Analyst after worked as a Research Consultant at the Center for Regional Economic Issues of Case Western Reserve University. Sean has a Ph.D. in Economics from Case Western Reserve University, and a Master in Management Science and a Bachelor in Industrial Economics from Tianjin University.

Fiona Zou_2018
Fiona Zou, Vice President, Global Risk Analytics , HSBC

Fiona Zou is a Vice President II in HSBC’s Global Risk Analytics (GRA) team, with a focus on Wholesale credit risk modelling including Basel AIRB, CCAR/PRA stress testing, and IFRS 9/CECL. She has nine years of extensive quantitative and analytical experience from PD/LGD/EAD model development and validation. Prior to HSBC, she worked in Morgan Stanley’s Credit Capital and Rating Analytics team, covering Basel AIRB model development and Capital/RWA calculation. Fiona holds a Master degree in Financial Engineering from Baruch College – the City University of New York (CUNY) and a Master degree in Statistics from Columbia University.

19th October 2018

FICO Decisions: Which one will you choose?

15th October 2018

Risk Webinar: Stress testing for competitive advantage beyond regulatory compliance

12th October 2018

Preparing for 2019 parallel runs and producing results for review ahead of finalization

By Preparing for 2019 parallel runs and producing results for review ahead of finalization
11th October 2018

Incorporating CECL into accounting practices and understanding impact on reports

By Will Newcomer, VP, Business Development & Strategy, Wolters Kluwer
11th October 2018

Current challenges in reporting and disclosures for CECL

By Lauren Smith , Director of Accounting Policy and Research , SS&C
3rd October 2018

Steps for successful CECL implementation

By Grigoris Karakoulas, President, InfoAgora
28th September 2018

CECL snapshot report: Industry overview on progress, data, modeling and challenges

28th September 2018

Risk Webinar: Implementing CECL across small and large institutions

26th September 2018

Leveraging existing infrastructure and progress to recalibrate for CECL

By Ankur Goel, SVP, Head of Consumer Modeling, PNC
26th September 2018

Implementation execution: Progress towards final implementation once framework decisioning is finalized

By Zack Li, Managing Director, PNC
25th September 2018

Developing a CECL audit program to satisfy internal and external auditors and justify process

By Matt Clohessy, SVP, Audit Manager, KeyBank
21st September 2018

CECL bespoke forecasting: Bringing expertise from across the pond

By Damien Burke, Partner, 4most
20th September 2018

How to find the remarkable value hiding in CECL compliance data

By John Dalton, Director, Product Strategy Management, Financial & Risk Management Solutions, Fiserv
17th September 2018

Defining a reasonable and supportable forecast period that can be defended to auditors and regulators

By Fiona Zou, Vice President, Global Risk Analytics, HSBC
12th September 2018

How prepared do you feel financial institutions are for the implementation of CECL?


Implementing CECL across small and large institutions

Took place on Thursday September 27 @ 12pm (EDT)

Key topics to be addressed:

Strategies for CECL adoption
Model methodology challenges: adapting existing models for CCAR/DFAST/Basel vs. building CECL models from scratch
Reconciling accounting vs. risk management vs. business requirements
Assessing quantitative CECL impacts: volatility of reserves, pro – vs. countercyclicality

This video is available to members only, create your free account or log in here

Hear from…


Michael Jacobs

Michael Jacobs
Lead Quantitative Analytics and Modeling Expert

Tim Bates

Tim Bates
Chief Credit Officer


Will Newcomer
VP, Business Development & Strategy
Wolters Kluwer


2018 Sponsors


4most is a specialist risk consultancy with extensive experience in delivering successful and cost effective projects for UK and international clients. Founded in 2011, we have grown rapidly to become the UK’s largest credit risk consultancy. The firm prides itself on creating value for clients through long term partnerships and by delivering uncompromising results.
Working with clients ranging from challenger banks to international financial institutions to design, build and implement regulatory, non-regulatory and pricing solutions in financial credit risk.


AxiomSL combines deep industry expertise with an intelligent data management platform to deliver regulatory reporting, liquidity, capital & credit, operations, trade & transactions and tax analytics. Our global footprint spans 70 regulators across 50 jurisdictions, surveilling more than 2,000 regulatory filings. We currently serve national, regional and global financial institutions with more than $39 Trillion in Total Assets.

AxiomSL’s integrated platform minimizes end-user applications and manual processes, reduces time to market costs, leverages existing data, increases transparency and control while ensuring accurate and timely regulatory calculations and reporting. Sample solutions include Basel III capital and liquidity requirements, the Dodd-Frank Act, MiFID II, IFRS 9/CECL, and both market and credit risk management requirements


Fiserv is driving innovation in Payments, Processing Services, Risk & Compliance, Customer & Channel Management and Insights & Optimization. We’re helping more than 12,000 clients worldwide create and deliver experiences for a digital world that’s always on. Solutions that enable today’s consumer to move and manage money with ease, speed and convenience. At the point of thought. Visit www.fiserv.com to learn more.


KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International. KPMG is a global network of professional firms operating in 155 countries and employs more than 174,000 professionals.

We have been helping leading financial institutions with CECL accounting matters over the last few years. In addition, KPMG has been assisting with International Financial Reporting Standards (IFRS) 9 implementations and quantitative impact assessments for international banks and U.S. dual filers. We have helped discover and transform the requisite data, integrate the necessary systems, align related critical data structures, develop the expected credit loss models, design and implement the underlying risk ratings, and identify the business impacts.

Our professionals are prepared and ready to work shoulder-to-shoulder with you. As part of our value proposition, we offer practical experience, the latest technological tools, cross-functional experience including tax considerations, and our deep industry knowledge to create a sufficient sustainable path towards compliance and to help capitalize on the strategic opportunities CECL affords.

Visit our CECL website to learn more.


Oracle will be a co-sponsor at the 3rd Edition CECL Congress

Quantitative Risk Management

Quantitative Risk Management (QRM) is the world’s premier enterprise risk management consulting firm. QRM develops industry-leading risk management principles, practices, and models, and provides clients with the advice, knowledge, and tools necessary to leverage those innovations into higher risk-adjusted returns. Since 1987, we have partnered with our clients to enhance their ability to measure risk, identify profitable opportunities, and make sound financial decisions. With offices in Chicago, London, and Singapore, QRM has established over 250 long-term engagements with top financial institutions from the banking, finance, and insurance industries worldwide.


RapidRatingsTM is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings Financial Health SystemTM. For more information. Visit www.rapidratings.com to learn more.

S&P Global

We deliver exceptional solutions, for exceptional results. Every day at S&P Global Market Intelligence, we collect, scrub, interpret, and analyze vast volumes of content, turning it into actionable intelligence on the global financial markets and the companies and industries that comprise those markets. We deliver the data and insight you need to make informed, smarter business decisions and investment decisions that are critical to your future. Driven by our core tenets of accuracy, relevance, completeness, and timeliness, S&P Global Market Intelligence is a leading provider of financial and industry data, research, news and analytics to investment professionals, government agencies, corporations, and universities worldwide. By unifying the highest quality data and industry-leading solutions from S&P Capital IQ and SNL, we integrate news, comprehensive market and sector-specific data and analytics into a variety of tools to help clients track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations, and assess credit risk.


SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS solutions are used by more than 3,500 financial institutions worldwide, including 97 percent of the banks on the Fortune Global 500®.


Situs (www.situs.com) is a global provider of strategic business and technology solutions to the real estate industry. Situs has been involved in more than $1 trillion of real estate debt and equity deals across the U.S. Europe and Asia, and has acquired a number of platforms. In 2012, Situs acquired Deutsche Bank’s European Servicing operations and became one of the largest third-party loan servicers in Europe; in 2016, Situs acquired Hatfield & Phillips, the largest non-performing loan and CMBS Special Servicer in Europe; and, in 2017, Situs acquired The Collingwood Group, a Washington, DC, advisory firm focused on residential housing finance. In 2018, Situs acquired MountainView Financial Solutions, an industry-leading valuation and risk analytics business for the financial services sector. Situs is a rated servicer with Moody’s, Fitch and Morningstar, has more than $165 billion (€137 billion) of assets under management and is ranked a top 20 commercial loan servicers in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive “Advisor of the Year” award from Real Estate Finance & Investment magazine, and the “Capital Advisor Firm of the Year” award from Property Investor Europe. In 2017, the firm won the “Industry Contributor of the Year” award from Real Estate Finance & Investment magazine.

SS&C Primatics

SS&C Primatics solves financial institutions’ most complex challenges with EVOLV, our integrated risk and finance solution. EVOLV’s comprehensive and complementary modules streamline accounting, reserving, and credit functions in a single system for all classes of cash-flow-based financial instruments.


Vaco’s FIG Team is a skilled group of Senior Level Subject Matter Experts, former Banking CFOs, Lending and Lending Operations Experts experienced in the application of best practices and financial regulations. Our team possesses the broad and deep knowledge and experience necessary to assist your bank with regulatory matters and in support of CECL initiatives, Strategic M&A, Risk Management, Financial Stabilization, Stress Testing and review and execution of cure strategies for Regulatory criticism.

Specializing in best practices through implementation—Vaco’s project consulting team has been utilized by many banks in support of specific projects in M&A Integration issues, Data Remediation, Regulatory Compliance, and Core Banking systems process implementation.

Additionally, Vaco provides expert consulting, permanent placement, executive search, and strategic staffing for companies around the world in the areas of accounting, finance, technology, healthcare IT, operations, administration, and more. As a premier talent and solutions firm, Vaco connects people to their dream jobs and helps leading companies find top talent to grow their businesses.

Wolters Kluwer

Whether complying with regulatory requirements or managing financial transactions, addressing a single key risk, or working toward a holistic enterprise risk management strategy, Wolters Kluwer works with customers worldwide to help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. Wolters Kluwer provides risk management, compliance, finance and audit solutions that help financial organizations improve efficiency and effectiveness across their enterprise, with more than 30 offices in 20 countries. For further information please visit www.wolterskluwerfs.com

2018 Exhibitors:


FICO (NYSE :FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 185 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries.

FICO has been recognized as a “Category Leader” by Chartis Research in its report on CECL (Current Expected Credit Loss) technology solutions. For more information, visit http://www.fico.com/en/solution/cecl-impairment-management


For over 14 years, InfoAgora (www.infoagora.com) has been delivering leading-edge analytics, RegTech (CECL/ IFRS9/IRRBB/Basel III) solutions and risk management consulting that have enabled our clients to proactively manage risk/reward in their portfolios and increase profitability.

Our products include:

– Macroeconomic Scenario Generator
– Loss Forecasting and Stress Testing of Retail and Wholesale portfolios
– Economic and Regulatory capital estimation
– Credit adjudication models and strategies
– Credit and Deposit Product and Price Optimizer

The products vary, from custom models to full-fledged solutions, integrated into client’s systems or as a service. They have resulted in multi-million dollar benefits with high returns on investment (>1000%).

Our services include model validation, benchmarking of risk models and parameters, and enterprise risk management review.

Our clients range from systemically important financial institutions to midsize and regional banks and credit unions. We work with various internal groups and functions within our clients, from risk management and finance to business units.

Can your organization contribute at our CECL 2018 Congress?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. Please visit www.cefpro.com/sponsorship for an outline of what we can offer, and contact sales@cefpro.com or call us on +1 888 677 7007 where a member of the team will be happy to tailor the right package for you.

Media Publications:

We are happy to support publications, associations and organizations at this event. From a simple company listing with your logo to getting your organisation in front of our database and attendees . To discuss a media partnership further please email jesse.hopkins@cefpro.com or call +(1) 888 677 7007.

Venue Details:

New York Marriott Marquis

1535 Broadway
New York
NY 10036

Please click here to view the current rates at the Marriott Marquis

However please see below nearby hotels:

Alternative Accommodation

DoubleTree Suites by Hilton Times Square

1568 Broadway
New York
NY 10036

Renaissance New York Times Square Hotel

714 Seventh Ave Two
New York
NY 10036

Millennium Broadway Hotel

145 W 44th St
New York
NY 10036


700 8th Ave
New York
NY 10036

W New York – Times Square

1567 Broadway
New York
NY 10036

Frequently Asked Questions

Can I present at the CECL 2018 Congress?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at CECL 2018 Congress. For further information on this please contact alice.kelly@cefpro.com or call us on +1 888 677 7007.

Are there any rules on the dress code?

Business attire is requested. The Congress is a formal opportunity to network with like-minded professionals and to gain knowledge from the industry’s finest risk management experts.

What is the cost and what is included in the registration fee?

We offer incentives for ‘early bird’ registrants of the Congress, as outlined on our pricing structure. Registration includes breakfast, refreshment breaks, lunches, the cocktail reception at the end of the day, full access to the sessions and exhibition area. Presentations from sessions are also available, subject to speaker approval.

Where can I find the Congress documentation and speaker presentations?

All registered attendees will receive an email with access to documentation and speaker presentations after the Congress* We will work with our presenters to include as many presentations as possible on our Risk Insights App during the Congress. *Please note that our speakers often have to gain permission from their relevant compliance departments to release their presentations. On rare occasions compliance may not allow presentations to be distributed.

Will breakfast, lunch and refreshment be provided?

Yes. As with all of our events the Center for Financial Professionals will be providing brilliant coffee, breakfast, lunch, refreshments, and smaller bites during the networking breaks.

Will there be opportunities to network with other attendees?

There are ample opportunities for networking and interaction throughout the Congress, such as

  • Breakfast, lunch and refreshment breaks
  • Cocktail reception at the end of the day (Subject to confirmation)
  • Q&A, panel discussions and audience participation technology available through the Risk Insights App

I have several colleagues that would like to attend, is there a group discount?

Certainly! We are pleased to offer you a 50% discount on the third registration or provide a fifth registration for free. If you would like to register more than five colleagues please contact us on +1 888 677 7007 Please note:

  • Registrations must be made at the same time
  • Registrations must come from the organisation
  • The lowest registration will be discounted

Are there opportunities to share my thought-leadership at the CECL 2018 Congress?

Yes there are plenty of opportunities for the Center for Financial Professionals to share thought-leadership to the attendees of Payments Forum 2018 and our wider risk professionals community. At the event We can distribute your material to the attendees, offer you an exhibition booth, and provide speaking opportunities so that you may enjoy a more prominent presence at the Forum. Visit the Sponsor tab for further information or contact sales@cefpro.com / +44 (0) 207 164 6582. Risk Insights Feature your content on our Risk Insights website and supporting Risk Insights monthly newsletter. For further information please download our media pack here.

Are media partnerships available for CECL 2018 Congress?

Yes. As part of a media partnership we can offer a variety of options to increase the branding and awareness of your association, company, certificate, publication or media. We are flexible with what we can offer however we usually:

  • Provide a discounted rate to attend
  • Place your logo and profile on the Congress website
  • Place your logo on the Congress brochure
  • Place your logo on promotional content where applicable
  • Distribute your media/marketing at the Congress
  • Promote through social media channels

To discuss this further please contact jesse.hopkins@cefpro.com or call +1 888 677 7007

CPE Credits

Earn up to 15.5 CPE Credits

Prerequisites: Knowledge of financial risk management
Advanced Preparation: No advanced preparation is required
Program Level: Intermediate to advanced
Delivery Method: Group-live

The Center for Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

Representing a financial institution (E.g. Bank, Insurance company, Asset Manager, Regulator)
Standard Rate:
(Registrations after October 12)
Representing an information/service provider (E.g. Consultant, Vendor, Executive Search Firm, Law Firm)
Standard Rate:
(Registrations after October 12)

Please note: If you inadvertently have registered as a practitioner, you will receive an invoice for the shortfall or the opportunity to exercise the cancellation policy.

Group rates: Available for 3 or more attendees from the same organisation, when registering at the same time. The current rate allows every third colleague to come along for half price! or a fifth colleague to attend for free

Credit card payments: Please ensure that you have informed your credit card issuer that you will be making this transaction

Other ways to register

1. Save Time – Register by Email

We only need your:
– Full name
– Job title
– Company & address
– Contact number

Simply email us with your e-signature – and we will do the rest for you!

2. Contact Us Directly

3. Download the PDF Registration Form

CECL download brochure button

Keep Updated


Interested in CECL but not ready to register? Click here to keep updated on the Conference and our insights


2018 Sponsors

Rapid Ratings
S&P Global Market Intelligence Logo
Situs 245x150
SS&C-Primatics 245x150

2018 Exhibitors:

FICO_MED_BLUE (2) 245x150
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