CECL 2017

Understanding system requirements for full CECL implementation and impact on the business
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CECL 2017

Taking place at DoubleTree by Hilton Metropolitan, 569 Lexington Ave, New York, NY 10022, USA.

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Key Topics to be Addressed

Governance & Control Framework
– Implementing a governance and control environment under CECL
– Model risk management and validation
– Auditing the CECL framework

Product Structuring
– Managing adjustments and impact on profitability of product types
– Treatment of credit cards/revolvers
– Treatment of retail products

– Development of a CECL compliant reserving methodology
– Balance sheet managers with a seat at the credit table
– Meeting data requirements
– Modeling techniques and supporting documentation structure

– An introduction and overview of CECL
– Leveraging IFRS 9 infrastructure

Implementation Approach
– Developing a gap analysis for CECL to develop an implementation roadmap
– Synergies from stress testing that can be leveraged

End State Vision
– Reviewing the potential unintended consequences
– Understanding the end vision to prepare for implementation

Hear from more than 20 senior risk professionals, including:

Michael Fehrmann


MD, Accounting Policy
Deutsche Bank

Michael Fadil


EVP, CECL Program Executive Sponsor
Citizens Bank

Jimmy Yang


MD, Credit and Operational Risk Analysis
BMO Financial Group

Deniz Senturk


Head of Model Risk Management
State Street

Natalya Schenck


Financial Economist

Imad Chahboun


Credit and Policy Analysis
Federal Reserve Bank of Boston

Day One | October 11 | New York City

08:10 Registration

08:50 Chair’s opening remarks 

John Lankenau, SVP, Product and Operations, SS&C Primatics 

09:00 CECL Introduction: Understanding and interpreting the new standard from an accounting perspective

  • Conceptual transition from incurred loss to expected loss
    • From loss emergence period to life of loan estimates
    • Implications from reviewing risks through forward-looking lens
    • Impact upon reserve levels
  • Forecasting requirements
  • Disclosure requirements

Michael Fehrman, MD, Accounting Policy, Deutsche Bank

09:35 Aligning teams for increased rigour of documentation requirements to regulators to demonstrate control over risk taking activities 

  • Transparency
  • BCBS 239 framework of governance and data management
  • Modeling and back testing gmodels
  • Full documentation
  • Communicating and justifying decisions
  • Aligning all teams and documenting and justifying process and all decisions

Will Newcomer, Vice President of Product and Strategy, U.S. Risk and Compliance,  Wolters Kluwer

10:10 Regulatory insights: Methodology and modeling 

  • Methodology
  • Preparedness
  • Governance
  • Interpretation

Natalya Schenck, Financial Economist, OCC

10:45 Morning refreshment break and networking

11:15 Reviewing the differences between IFRS 9 and CECL to leverage infrastructure

  • Treatment of receivables under IFRS 9 & CECL
  • Impact on global institutions
  • Leveraging IFRS 9 infrastructure
  • Compare and contrast
  • Divergence in results for FIS’s under both

Jimmy Yang, MD, Credit and Operational Risk Analytics, BMO Financial Group
Crystal Jeffrey-Alexander, Director, Consumer Credit, VW Credit, Inc.

11:55 Consequences on impact of CECL requirements on the IT infrastructure

  • More granulation in the data, calculation and process
  • More real time
  • More analytics
  • The combined 3 trends will trigger a considerable enhancement of the current IT infrastructure

Don Mumma, Managing Director, AxiomSL

12:30 Lunch break and networking

1:30 For CCAR/DFAST institutions, what current synergies from stress testing may be leveraged for CECL implementation?

  • Stress testing personnel will likely have a home in CECL
  • Similar model and database infrastructure recommended for CECL
  • Reliance upon models for stress testing may be problematic for business-as-usual analysis
    • Support via backtesting will likely be emphasized
    • Documentation will have to support all intended uses of the models

Stevan Maglic, SVP, Risk Analytics, Regions Bank
Vinod Panicker,
Managing Director, The Oakleaf Group

2:40 CECL model options: A comparison of competing Risk Hazard and Monte Carlo State Transition models 

  • Compare and contrast a competing Risk Hazard model and a Monte Carlo State Transition model in the context of CECL
  • Use publicly available GSE mortgage data
  • Analyze model accuracy, result volatility and discuss model trade-offs

Chris Widman, Senior Solutions Architect, Risk Methodology Lead, SAS Institute Inc. 

3:15 Afternoon break and networking

3:45 Development of a CECL-compliant reserving methodology

  • Evaluate prospects for a supportable “most likely” economic scenario that can be updated no less than quarterly
  • Model development / enhancement to coincide with economic forecasts
  • Reversion to historical loss experience
  • Evaluate the impact to any qualitative components of the reserve methodology (i.e., redundancy between economic forecasts and qualitative adjustments for economic conditions)

Brooks Brady, Director of Credit Analytics and ACL, Zions Bancorporation
Venkat Veeramani, SVP, Head of Risk Strategy and Risk Analytics, Wintrust Financial

4:55 Modeling techniques for CECL requirements to accommodate changes

  • Point-in-time versus through-the-cycle credit loss estimation
  • Incorporating all aspects of future cash flows (i.e., maturities, prepayments, expected losses)
  • Reserving for long-term vs. short-term instruments
  • Measuring the life of loan and exposure at default for various product types (i.e., revolving lines of credit)

Deniz Senturk, Head of Model Risk Management, State Street
Imad Chahboun, Credit & Policy Analysis, Federal Reserve Bank of Boston
Brooks Brady, Director of Credit Analytics and ACL, Zions Bancorporation
Anthony Sepci, Data & Analytics Credit Risk Practice, KPMG LLP.

5:35 Chair’s closing remarks

5:45 End of day one and drinks reception

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Day Two | October 12, 2017 | New York City

08:10 Registration

08:50 Chairs opening remarks

Ed Bayer, Advisory Managing Director | Credit Risk, KPMG LLP.

09:00 The CECL vision: Understanding the end vision to effectively prepare for implementation

  • Running at segment vs. individual loan level
  • System requirements and capabilities
  • Understanding quarter to quarter change
  • Road map for implementation
  • Initial increase in reserves
  • Estimating impact for initial shock

Raj Kunwar, Vice President, HSBC
Venkat Veeramani, SVP, Head of Risk Strategy and Risk Analytics, Wintrust Financial
Chip Messick, Managing Director, Argus Information & Advisory Services

09:40 Tackling CECL with a holistic approach: So much more than models and calculations

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

10:15 CECL Requirements for Macroeconomic Scenarios

  • What is “reasonable and supportable” forecasting period?
  • What about periods after the reasonable and supportable period?
  • Can CCAR processes be leveraged?
  • What will be the frequency and timing of scenario design?
  • How many scenarios should be used?
  • How should the governance process be for economic scenario?

Hakan Danis, Director, Stress Testing, MUFG Union Bank

10:50 Morning refreshment break and networking

11:20 CECL quantitative impact analysis: How would CECL have performed during the Great Recession? 

  • Historical analysis of 10 large regional banks
  • A look at how CECL reserve would have changes with different assumptions for:
    • Reasonable and supportable time horizon
    • Length of time to refer to long-term loss rate
    • Long-term loss rate level
    • Expected life of portfolio

Michael Fadil, EVP, CECL Program Executive Sponsor, Citizens Bank
Larry Sorensen,
Chief Financial Officer, Washington Trust Bank 

12:30 Frameworks for model risk management and validation of CECL methodology for effective review and challenge

  • Benchmarking with peers
  • Limitations
  • Independent review and challenge

Michael ‘Mike’ R. Guglielmo, Managing Director, Darling Consulting Group

1:05 Lunch break and networking

2:05 Validating your CECL model: What’s important to know

  • An SR-11 complied model validation framework
  • Comparison between CECL, incurred loss and CCAR stress testing models
  • CECL validation focus, including:
    • Segmentation
    • Assumptions and inputs
      • Mean reversion
      • Expected lifetime
      • Supportable future
      • Scenario design
    • Loss estimation modeling methodology
    • Back testing

Ben Shiu, Director, Data and Analytics – Model Risk, Protiviti

2:40 CECL: Myths and misconceptions uncovered

  • Understand the nuances of the CECL pronouncement
  • Learn where financial institutions are aligned and where there is some disagreement
  • Capture ideas and concepts to help meet the coming pronouncement dates

Tom Caragher, Senior Product Manager, Financial Risk Management Solutions, Fiserv

3:15 Afternoon refreshment break and networking

3:45 Forward looking expected credit losses, model risk and uncertainty – A foundational approach

  • Understanding forward looking loss estimation, its benefits and limitations
  • Analyzing the impact of credit cycles, financial crises and uncertainty on credit losses
  • Integrating expert judgment and contextual information into loss forecasts
  • Creating a model uncertainty framework for adjusting ECL estimates

Jorge Sobehart, MD, Credit and Operational Risk Analytics, Citi

4:20 Modelling for life of loan – Are CCAR models suitable for CECL?

  • What factors have the most impact at different forecast horizons
  • Life of loan concept from a prepayment and credit model development perspective
  • Horizon of estimation under CECL and leveraging CCAR
  • Components in a credit model to make it accurate throughout the life of a loan
  • Short vs long term horizons and incorporating the right mix into the model

Soner Tunay, Former Head of Risk Analytics, Citizens Bank

4:55 Developing a gap analysis for CECL to develop an implementation roadmap

  • Required timeline for implementation
    • Develop roadmap and project plan for implementation
  • Review of capabilities in terms of systems and human resources
    • Who will own the process (CECL working group will likely be cross-functional)?
    • Evaluate the need for vendor support
    • Define roles within the institution with respect to CECL implementation
  • Review the institution’s control framework, particularly as it relates to financial reporting

Raj Kunwar, Vice President, HSBC

5:30 Chair’s closing remarks

5:40 End of Congress


Ed Bayer, Advisory Managing Director | Credit Risk, KPMG LLP

Ed is a Managing Director with KPMG’s Credit Risk group with 10+ years of experience and is actively working with institutions on transitioning from today’s incurred loss model to CECL. Ed has done extensive work with ASC 310 – 30 (formerly SOP 03-3), ASC 310-20 (FAS 91), ASC 310-10 (FAS 114), ASC 450-20 (FAS 5), unfunded loan commitments, data analysis and management, change management, disclosure reporting, and required documentation. Ed has extensive experience in the Allowance for Loan and Lease Losses (ALLL) process and consults with financial institutions and internal stakeholders on the ALLL process. Prior to joining KPMG, Ed worked with Sageworks, a leading provider of software-as-a-service solutions to financial institutions to solve credit risk management and ALLL challenges.


Brooks Brady, Director, Credit Analytics and ACL, Zions Bancorporation

Brooks Brady heads the Credit Risk Analytics group, at Zions Bancorporation. In this role, Brooks manages a team of quantitative analysts, report writers, and credit administrators who manage the quarterly ALLL process, build models and other tools to estimate credit losses, support sound lending decisions, and identify emerging trends across Zions’s wholesale and retail credit portfolios.

Brooks has 20 years of experience in credit risk management, having also worked for Standard & Poor’s, American Express, and KPMG. Brooks holds a master’s degree in Finance from New York University and a bachelor’s degree in Mathematics from the University of Utah.

Tom Caragher

Tom Caragher, Sr. Product Manager, Fiserv

Tom Caragher is the Product Manager for the risk products within the Financial & Risk Management Solutions (FRMS) division at Fiserv, Inc. (NASDAQ: FISV). He is responsible for the overall direction and strategy for the company’s asset liability and funds transfer pricing products.

He joined Fiserv in 2005 after spending 5 years as an interest rate risk consultant. Prior to that Tom spent several years at the Chicago Board of Trade in back office operations as well as a credit analyst for GreenTree Financial.


Imad Chahboun, Credit and Policy Analysis, Federal Reserve Bank of Boston

Imad is an experienced executive risk management professional and large and complex financial institution examiner at the Boston Fed. Prior joining the Fed, Imad was a quantitative risk developer and manager at several banks including State Street where he led the development and validation of a variety of risk models. Prior to State Street, Imad held several positions where he led the development and implementation of credit risk models for capital and risk management. Recently, Imad is focusing on counterparty credit risk measurement and modelling insurance companies’ liabilities. Imad holds a master’s in finance and a master’s in applied statistics and economics.


Hakan Danis, Director, Stress Testing, Union Bank

Hakan Danis is currently Director in MUFG Union Bank where he is responsible for the BHC stress scenario design, expansion of supervisory scenarios and projecting 150+economic series under each scenario and updating Bank-wide Stress Testing Policy. He has developed two challenger models (C&I and CRE credit loss) and a model that has been used to rank scenarios based on their severity. He actively participates in Review & Challenge and represents the Risk group in Overlay Committee meetings. Prior to joining MUFG Union Bank, he was Senior Economist in the Research Department at BBVA, where his forecasts were accepted one of the most accurate forecasts of U.S. economic trends in 2010 and 2011 by Bloomberg. He holds a PhD in Economics from Terry College of Business, UGA.


Michael Fadil, EVP, CECL Program Executive Sponsor, Citizens Bank

Michael has almost 30 years of experience primarily in commercial banking credit risk management but he has also worked in the security broker-dealer business, pension consulting, and risk consulting and investment advisory business. He joined the Commercial Credit Training program at Fleet Bank in 1989, before joining SunTrust Bank in Atlanta in 2006 where he spent 7 years overseeing the Risk Analytics team. Michael also worked as Senior Director of Business Development at Moody’s working on Stress Testing solutions for clients. He joined Citizens Bank in 2013 overseeing the Risk Architecture Group for 2 ½ years before moving into the role of overseeing the bank’s CECL program in June 2016.


Michael Fehrman, MD, Accounting Policy, Deutsche Bank

Michael Fehrman will be presenting at CECL 2017


Michael Guglielmo, Managing Director , Darling Consulting Group

With nearly 30 years of experience in strategic risk management, Mike Guglielmo provides technical and strategic consulting to a diverse group of financial institutions in the United States and abroad. Mike is also a frequent author and top-rated speaker on a variety of financial and operational risk management topics. During his tenure at DCG, Mike has served in various capacities, including director of financial analytics. In addition, he is a technical resource for the ongoing development of many of DCG’s quantitative and strategic risk management products and services. Prior to joining DCG, Mike managed the ALCO and strategic planning processes for a regional bank in the northeast. Mike is a graduate of Fairfield University with a degree in economics.


Crystal Jeffrey-Alexander, Director, Consumer Credit and Fair Lending Officer, VW Credit

Crystal Jeffrey-Alexander will be presenting at CECL 2017


Raj Kunwar, Vice President, HSBC

Raj Kunwar is currently working as a Vice President (Sr.) at HSBC. In this role he delves into all aspects of stress testing, and financial planning at HSBC. His expertise is in developing models including PPNR, ALLL reserves, valuations, and economic capital. He has a Ph. D. in Engineering from University of Maryland, and a MBA in finance from University of Chicago. Prior to HSBC, He worked at GE and Intel corporations. He has numerous journal publications, a published book, and 6 issued US patents.


John Lankenau, SVP Product and Operations, SS&C Primatics

John Lankenau is the head of Product and Operations at SS&C Primatics. He has extensive consulting and financial services industry experience, with an emphasis on complex loan systems integrating risk and finance. John’s experience includes auditing the models and estimation processes for some of the biggest financial institutions in the United States for a Big 4 firm. John frequently speaks and contributes to industry publications on emerging issues such as CECL and the integration of risk and finance. John has a bachelor’s degree in Mathematics and Economics from Carleton College in Minnesota and a Master’s degree in Operations Research from the University of Michigan, Ann Arbor.


Stevan Maglic , SVP, Risk Analytics, Regions Bank

Steve is Senior Vice President and head of Quantitative Risk Analytics at Regions Bank, where his current responsibilities focus on quantitative aspects of forecasting and stress testing, risk ratings, valuation, reserve methodologies, economic capital, portfolio construction, credit strategy and credit portfolio management. Steve has 20 years of industry experience in quantitative modelling and risk management and has prior experience building portfolio management and analytics infrastructure at Merrill Lynch, Bank of Montreal and ABN AMRO. Steve has a Ph.D. in applied physics from Northwestern University, a B.S. in physics from University of Colorado in Boulder, and has held Series 7 and Series 63 certifications.


Chip Messick, Managing Director, Argus Information & Advisory Services

Chip Messick will be presenting at CECL 2017

Ieva Sireikyte Photography

Don Mumma, Managing Director, AxiomSL

Joined AxiomSL in 1998 and heads the Risk Management Practice. Prior to joining AxiomSL, Don has 20 years of experience as a financial services executive, market participant and risk management specialist with JPMorgan Chase, Toronto Dominion and Credit Suisse. Don spearheaded TD’s US entry, first into the US Energy Industry, followed by active derivatives market making, which included key technology decisions. With CS, Don started the first Global Currency Options Unit, and while he was the Head of the bank’s Australia/New Zealand Region, acted as the Regional Chief Risk Officer. Don has several published articles on Risk Management and holds undergraduate and MBA degrees in Finance from Miami University and The Ohio State University. He is an active member of a number of professional organizations including GARP, PRMIA and IAFE.


Will Newcomer , Vice President of Product and Strategy, U.S. Risk & Compliance, 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.


Vinod Panicker, Managing Director, The Oakleaf Group

Vinod Panicker is a Managing Director at The Oakleaf Group, LLC. In this role, he has overall responsibility for the successful development and delivery of targeted solutions for our clients. Vinod has more than 20 years of progressive leadership experience in technology development and delivery; over 12 years of these have been in the Financial Services industry.

Prior to joining Oakleaf, he was Director of Client Services at a start-up software firm that developed a Loan Portfolio management platform targeted to Banks and other Financial Institutions. He started his career in technology consulting and has worked for both Technology (Unisys) and Big 4 (PwC) consulting companies as well as in internal consulting roles at Freddie Mac.

Vinod has an M.S. in Operations Research from Arizona State University and an M.B.A. from Cornell University.


Natalya Schenck, Financial Economist, 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.


Deniz Senturk, Head of Model Risk Management, State Street

Deniz is a Senior Vice President in State Street Corporation, and the head of Model Risk Management since March 2015. Prior to joining SSC, she has been heading Model Risk Management in GE Capital for 3+ years. She has been with GE for 15 years where she led marketing analytics teams and also research teams in GE Global Research Center (where she has published 15+ patents and 20+ research papers on advanced statistical techniques used in risk and finance.) Her areas of functional expertise include compliance and control functions (Model Governance), credit and model risk management (Consumer and Commercial Credit Risk, Stress Testing, Allowance/Reserve, and Capital modeling) as well as risk analytics, marketing analytics and business strategy management. Deniz also served as an adjunct professor at Graduate School of Business, Fordham University for three years. She has a Ph.D. in Applied Statistics from University of California, Santa Barbara and a B.S. in Physics from Bogazici University (Turkey)

Anthony Sepsi

Anthony Sepci, Data & Analytics Credit Risk Practice, KPMG LLP.

Anthony Sepci serves as national leader of the Data & Analytics Credit Risk Practice in Advisory services at KPMG LLP. Mr. Sepci has 22 years of experience serving the financial services, banking, and insurance industries. Mr. Sepci serves numerous financial services clients including banks, specialty finance companies, mortgage banks, investment banks, loan servicing, REITs, government sponsored entities, and captive finance entities in the retail and wholesale credit industries. Engagements include financial statement audits, capital management & planning, valuation opinions (including MSRs), distressed asset valuations, complex financial modeling, credit risk operational consulting, default/loss mitigation servicing, capital markets, mergers & acquisitions, strategic consulting, and accounting advisory. In addition, Mr. Sepci has done extensive work in prepayment and credit loss modeling for numerous asset classes including residential mortgages, commercial mortgages, reverse mortgages, credit cards, prime & subprime auto, and both FFELP and private student loans.

Ben Shiu

Ben Shiu, Director, Data & Analytics – Model Risk, Protiviti

Benjamin Shiu, a Director in Protiviti’s Model Risk practice and CECL model validation expert, will lead this session. Shiu has extensive experience in advising clients in the banking industry on credit risk management, ALLL estimation, Basel II implementation, CCAR modeling, and model risk management matters. Prior to joining Protiviti, Shiu 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.


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

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, Credit and Operational Risk Analytics, 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 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 US-Los Alamos National Laboratory.

Larry Sorensen (final)

Larry Sorensen, Chief Financial Officer, Washington Trust Bank

Larry Sorensen has been the CFO of Washington Trust Bank, a $6.0 billion institution headquartered in Spokane, Washington, since 2008.

His career spans regulatory roles during the thrift crisis at the FHLB of San Francisco, and private sector roles in both high tech and the financial industry. During the 1990’s he worked in the Corporate Development department of Golden West Financial Corporation, and after taking a year off to travel the world, he worked for a software start-up and later found his way back to banking as the CFO of Sonoma National Bank and then his current position with Washington Trust Bank.

Mr. Sorensen has an undergraduate degree in Finance from the University of Colorado and is a graduate of the ABA’s Stonier Graduate School of Banking (Class of 2007). Beginning in the summer of 2014, he joined the Stonier faculty teaching a course on bank financial management.


Soner Tunay, Former Head of Risk Analytics, Citizens Bank

Soner is a Principal Director and head of Quantitative Analytics in the Finance & Risk practice at Accenture.  Previously, he held executive level positions in leading model development and validation functions in various US banks, FBOs and G-SIBs. He has been a frequent contributor to industry conferences as a speaker. He also holds full-day workshops on credit modeling.  Soner received his Ph.D. in Economics from Boston College.


Venkat Veeramani, SVP, Head of Risk Strategy and Risk Analytics, Wintrust Financial Corp

Venkat is currently SVP Risk Strategy and Analytics at Wintrust Financial Corporation. He is an accomplished enterprise-wide analytics thought leader and a subject matter expert on enterprise risk management life-cycle. He has successfully led several high visibility risk, finance, operations and marketing analytical initiatives at multinational and midsize financial institutions. He is a published author and frequent speaker on topics related to game theory, risk & financial analytics and creation of data-driven business intelligence. He has previously worked at Morgan Stanley, Discover Financial Services and HSBC.


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

Jimmy Yang is currently Managing Director, Global 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.

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Chris Widman, Senior Solutions Architect, Risk Methodology Lead, SAS Institute Inc

Chris Widman is a Senior Research Statistician Developer in the Risk Research and Quantitative Solutions Division at SAS. His responsibilities include design, development and technical sales support for the Model Implementation Platform.

Prior to SAS, Chris held modeling positions at Wells Fargo, Ally Financial and Bank of America building econometric loss forecasting models for Mortgage, Auto and Credit Card portfolios used in Allowance, CCAR/DFAST and financial planning.

Chris holds Bachelor’s and Master’s degrees in Economics from North Carolina State University.

Find our CECL thought-leadership articles here. These articles feed from our much larger Risk Insights section of our website which provides you with thought-leadership, white papers, articles and more across risk and regulation. Subscribe to Risk Insights’ Financial Risk Management Blog and get the latest articles straight to your inbox.


A practitioners perspective on CECL

With: Stevan Maglic, Regions Bank, Soner Tunay, Citizens Bank

Read more


20th September 2017

Validating your CECL model: What’s important to know

31st August 2017

Modelling for life of loan – Are CCAR models suitable for CECL?

21st August 2017

CECL requirements for Macroeconomic Scenarios

17th August 2017

Increased rigor of documentation requirements to regulators to demonstrate control over risk taking activities

3rd August 2017

How would CECL have performed during the great recession?

1st August 2017

CECL: Myths and misconceptions uncovered

11th July 2017

The CECL vision

5th July 2017

What CECL brings: Challenges, approaches and implications

13th June 2017

For CCAR/DFAST institutions, what current synergies from stress testing may be leveraged for CECL implementation?

13th June 2017

Modeling techniques for CECL requirements to accommodate changes

5th June 2017

Forecasting the future: An overview of CECL and future predictions

2nd June 2017

The differences between IFRS 9 and CECL to leverage infrastructure

10th May 2017

Key regulatory drivers to key business drivers

10th April 2017

Challenges for measuring lifetime PDs on retail portfolios

29th March 2017

Understanding Disclosures under IFRS 9



Argus is a leading provider of intelligence, decision support solutions, and advisory services to financial institutions across the globe. Our client base ranges from financial institutions and their regulators to various companies across the broader commerce ecosystem including payments providers, merchants, and media. We maximize value to clients by combining proprietary data assets, unique IP, domain expertise, cutting-edge software and analytic tools, state of the art technology platforms, and our unique result-oriented approach.

Argus is a Verisk Analytics (Nasdaq: VRSK) business and operates in 30+ countries, is a member of Standard & Poor’s S&P 500® Index and is listed in Forbes magazine’s America’s Best Mid-Size Employers list and World’s Most Innovative Companies list.

Argus Risk & Regulatory capabilities include solutions for data management, risk and loss modeling including financial & capital planning & reporting.

• Expertise in global regulations: DFAST, CCAR, ALLL/ CECL/ IFRS9, AML, IRRBB, FRTB, Basel, Liquidity & Credit Risk, Solvency II & other regulations
• Data aggregator for US regulators (Fed, OCC, CFPB) in supporting their efforts for risk-based bank supervision
• Provide FI’s with services and products which are modular, scalable:

– Technology agnostic data management platform which seamlessly integrates data from disparate sources, multi-tier data quality engine, data lineage & audit trail

– Proven track record of developing industry-leading forecasting solutions for over $ 5T assets across clients in 40+ countries (across retail products, C&I, treasury, real estate & leverage industry data from Argus consortia & partners) to support forecasting for:

• Compliance, Marketing
• P&L optimization
• Strategic planning
• LLP/ Delinquency
• Impairment models

– Reporting solution with workflow management with functionalities like CFO attestation, business & management overlay, MIS reporting with drill-down capability providing the same view as regulators

– Consulting and operational support (i.e., crafting MRI response, model recalibration, new portfolio/product integration)


AxiomSL is the leading global provider of regulatory reporting and risk management solutions for financial services firms, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
The AxiomSL platform seamlessly integrates clients’ source data from disparate systems and geographical locations without forcing data conversion. It enriches and validates the data, and runs it through risk and regulatory calculations to produce both internal and external reports. The platform supports disclosures in multiple formats, including XBRL. The unparalleled transparency offered by the high-performance platform gives users the ability to drill down on their data to any level of granularity.

AxiomSL’s platform supports compliance with a wide range of global and local regulations, including Basel III capital and liquidity requirements, the Dodd-Frank Act, FATCA, AEI (CRS), EMIR, COREP/FINREP, CCAR, FDSF, BCBS 239, Solvency II, AIFMD, IFRS, central bank disclosures, and both market and credit risk management requirements. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.

AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” in the 2016 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘category leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings.

Darling Consulting Group

Darling Consulting Group (DCG) is a leading independent provider of balance sheet risk management services and solutions for the financial institution industry. DCG’s Quantitative Risk Analysis & Strategy Group provides specialized end-to-end validation for credit stress testing models (DFAST/CCAR) which includes an evaluation of the mathematical approaches employed to project credit losses and PPNR forecasts, as well as ALM model integration, governance, controls and documentation.

For over 30 years DCG has helped financial institutions of all sizes make better strategic and risk management decisions. Services include comprehensive asset/liability management and strategy advisory, balance sheet risk modeling, broad-based model documentation and validation (e.g. ALM, liquidity, credit, ALLL, MSR, capital, operational risk models), behavioral studies (deposits, prepayments), credit stress testing and challenger models, and liquidity management (including contingency planning, monitoring and stress testing analytics).


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 Cooperative (“KPMG International”). KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 174,000 people working in member firms around the world. Our high-performing people mobilize around our clients, using our experience and insight to deliver informed perspectives and clear methodologies that our clients and stakeholders value. Our client focus, commitment to excellence, global mind- set, and consistent delivery build trusted relationships that are at the core of our business and reputation.


Oracle Financial Services Analytical Applications provides best-of-breed on-premise and cloud solutions across risk, finance and compliance to help address complex regulatory requirements including CECL, IFRS 9, FRTB, and Basel IV. These applications are built upon a commonly available analytical infrastructure consisting of a unified financial services data model, analytical computations, a Metadata driven “R” modeling platform, and the industry-leading Oracle Business Intelligence platform. 


Protiviti is a global consulting firm that helps companies solve problems in finance, technology, operation, governance, risk and internal audit, and has served more than 60 percent of Fortune 1000® and 35 percent of Fortune Global 500® companies. Our Model Risk Management practice provides experienced quantitative analysts to develop and validate a variety of models, and our holistic process helps control risk, prevent losses and enhances key stakeholders’ understanding of model risk. We can develop customized quantitative models, refine and calibrate existing models, and design stress testing and scenario analysis programs to supplement existing analytics. Areas of expertise include: Model Risk Governance Assessment, Model Development, Model Validation, Model Audit Support, Stress Testing, IFRS9/CECL, Initial Margin Model, and Market Risk/FRTB.


SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 83,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.

SS&C Primatics

SS&C Primatics solves financial institutions’ most complex challenges with EVOLV, our integrated risk and finance platform. A key differentiator for 13 of the top 30 U.S. Banks, EVOLV streamlines accounting, reserving, and credit functions, enabling our clients to operate more efficiently, make better business decisions, and capitalize on growth opportunities.

The Oakleaf Group

The Oakleaf Group will be sponsoring the CECL 2017 Congress.

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.



Deloitte will be exhibiting at the CECL 2017 Congress.

Management Solutions

Management Solutions is a leading provider of business consulting services.

We operate from 24 offices, 11 of them located in Europe –Madrid, Barcelona, Bilbao, London, Frankfurt, Paris, Warsaw, Zürich, Milan, Rome, Lisbon-, 12 in the Americas – New York, Boston, Atlanta, Birmingham, San Juan de Puerto Rico, Mexico City, Medellín, Bogota, São Paulo, Lima, Santiago de Chile, Buenos Aires – and 1 in Asia – Beijing-, with a multidisciplinary team of around 2,000 professionals with functional, mathematical, technical and other profiles.

We conduct projects on strategy, organization, operational efficiency and processes, risk management and control, and related technology, mainly in the financial services, energy and telecommunications industries.

ZM Financial Systems

We bring practical solutions to your difficult financial problems. Offering on-line and in-house solutions in securities and fixed-income analytics, credit-adjusted ALM, liquidity, risk management, budgeting and funds transfer pricing, we can help you better manage your risk and profitability.

Can your organization contribute at our CECL 2017 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 Partners:

New York Institute of Finance


DoubleTree by Hilton Metropolitan
569 Lexington Ave.
New York
NY 10022


Nearby accommodation:

Hilton Garden Inn New York/ Manhattan Midtown East
206 E 52nd St, New York, NY 10022


The Benjamin
125 E 50th St, New York, NY 10022, USA


Courtyard New York Manhattan/Midtown East
866 3rd Ave, New York, NY 10022, USA


 The Kimberly Hotel
145 E 50th St, New York, NY 10022, USA


See Us In Action

Frequently Asked Questions

Can I present at CECL 2017 Conference?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at CECL 2017. 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 Congress 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.

This will be provided on both days of the Congress.

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 +44 (0) 20 7164 6582

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 CECL 2017?

Yes there are plenty of opportunities for the Center for Financial Professionals to share thought-leadership to the attendees of CECL 2017 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 Congress. Visit the Sponsor tab for further information or contact sales@cefpro.com / +1 888 677 7007.

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 2017?

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 olympia.nolan@cefpro.com or call +44 (0) 20 7164 6582.


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


Early Bird Standard Rate
CECL 2017
October 11-12 2017
Register by September 15
(save $400)
Registrations after September 15
Can’t make the dates? Attend CECL 2018 in March

We will also be hosting CECL 2018 in NYC in March 2018. We are currently finalizing the dates, if you would like to receive more information or register early please contact olympia.nolan@cefpro.com

Group Bookings:

Group rates are available for 3 or more attendees from the same organization, 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

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



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