CECL 2018

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Moving beyond implementation decisions towards understanding the final picture

2nd Edition CECL 2018 Congress| March 21-22 | New York City

Taking place at the New York Marriott Downtown, 85 West St, New York, NY 10006, USA
New Year Special rate:
$1,199 – until January 26


CECL Bootcamp – Steps, Data and Methodology


The Masterclass, held on March 20, will be led by four Senior Risk Professionals from the Risk Advisory practice of FIS

MAIN CONGRESS: March 21-22

After the 1st Edition sold out, the 2nd Edition CECL Congress looks to provide both an update on progress made towards final CECL implementation, and review the potential impacts thereafter. CECL continues to shake up the industry and divide opinion on interpretation and implementation variations and strategies. This intense and informative two-day Congress will bring financial institutions together to outline options, share methodologies and interpretations to align strategies and ultimately outcomes.

So, join us at the New York Marriott Downtown to network with like-minded peers from global institutions through to community banks. Join interactive panel discussions, insightful presentations and extensive networking opportunities to move thinking from implementation options, through to CECL post event impacts.


Key Highlights include


Productionizing the process and reviewing system requirements


Considerations for model choices and implications after go-live


Increased documentation for stakeholder messaging 


Shaping the picture for economic scenarios and bringing data practices in line with requirements


The regulators perspective from three leading regulatory bodies


Reviewing variations in interpretation for reasonable and supportable period


Reviewing the impact on assets and treatment of debt and loan forecasting


Comprehensive analytical architecture to provide a holistic view 

Hear from more than 20 senior credit, analytics and modeling professionals including:

Jacob k

Jacob Kosoff 

Head of Model Risk Management & Validation

Regions Bank


Natalya Schenck

Financial Economist



Alexandra Hansis

ED, Risk Methodology US



Amit Grover

Director, Card Modeling and CECL

Discover Financial

Jennifer Matey

Jennifer Matney

SVP/Director of Operational Risk Management

UMB Financial


Guoning Yang

Director, Quant Analytics

Fifth Third Bank


MARCH 20, 2018

CECL Bootcamp – Steps, Data and Methodology



Masterclass only $799

Masterclass PLUS two day Congress only $1,998

Valid until January 26


08:00 – Registration & morning coffee

08:45 – Welcome and workshop overview

09:00 – Considerations for CECL framework

  • CECL overview
  • Regulatory guidance
  • Building blocks

09:30 – Developing a CECL action plan

  • Identifying roles and responsibilities of business leaders and risk managers
  • How to go about planning a smooth roll-out
  • Model risk management policies and governance

10:00 – Morning refreshment break & networking

10:15 – Risk management tools & framework to build CECL

  • Evaluating a bank’s current risk management tools
  • Key components to leverage and align

10:45 – Data required to build and operate a robust CECL framework

  • Data required for CECL
  • Mandatory/recommended/ideal data framework
  • Data resources and action plans for different levels of available internal loss data

12:00 – Lunch break & networking

12:45 – CECL approaches methodologies – 1

  • Loan-level vs. pooling
  • Defining portfolio segmentation
  • Commonly prescribed CECL approaches: Loss rate, migration matrix, Vintage analysis, discounted cash flows.
  • Workout examples – Inputs/interim results/output for a few sample methods

2:30 Afternoon refreshment break & networking

2:45 – CECL approaches and methodologies – 2

  • PD/LGD forecasting
  • Leveraging DFAST models
  • Term structure and vintage overlays
  • Mean reverting economic forecasts vs. losses
  • Workout examples – Inputs/interim results/output for a few sample methods

4:00 – Practitioner’s session, Q&A and open discussion

The Masterclass will be led by four Senior Risk Professionals from Risk Advisory practice of FIS

Prashant Dinodia

Director, Risk Advisory


About Prashant Dinodia

Prashant is currently a Director with the Risk Advisory practice of FIS, based in New York. He leads the team, which provides risk management consulting services – focused on risk rating scorecards, model validation, DFAST/CCAR, and CECL. Prashant has over a decade of professional working experience in area of risk management. He is a regular speaker at FIS thought leadership seminars in the region. Prashant has authored several white papers, covering areas like DFAST, Liquidity Risk, FTP, and CECL. A certified FRM and Chartered Accountant, Prashant holds an MBA (Finance).

Grant Empson

Director, Balance Sheet Management


About Grant Empson

As Director of Balance Sheet Management, Grant acts as a resource for clients, helping to synthesize and communicate best practices for balance sheet and risk management using BancWare.  Additionally, he provides thought leadership in the form of whitepapers, articles, and conference speaking, and also works to incorporate current banking trends and customer challenges into product updates. Prior to joining FIS, Grant spent 12 years in various treasury and risk management roles in banking, most recently as Director, ALM and Market Risk Management at First National Bank of Omaha.

Ryan Hoffman

Senior Consultant


About Ryan Hoffman

Ryan Hoffman is a senior consultant with FIS’s risk management advisory practice where he supports the group’s mission to help banks improve their risk-reward profile through sound risk management principles, analytics, and modeling.  Ryan specializes in building econometric models for DFAST compliance – both credit loss and balance sheet forecasting models. In addition, Ryan has assisted banks in building credit risk rating frameworks and conducting data gap analyses. His experience also extends to model validation, economic capital, and enterprise-wide risk management.

Bond Caldaro

Senior Risk Consultant


About Bond Caldaro

Bond Caldaro serves as a Senior Consultant for FIS’ Risk Advisory practice.  In this role, Bond has been responsible for leading project teams to address the risk management needs for both community banks and large US Bank Holding Companies. Bond has contributed to the development of models for stressed loss-given-default, loan production, as well as the CECL model framework used by FIS’ Risk Advisory group. The projects Bond has completed include creating DFAST credit-loss models, risk-rating scorecards, developing model overlays, and reforming standards for governance and documentation content. Bond enjoys problem solving, and is dedicated to engaging clients with valuable insights gained using mathematical analysis to inform sound risk-management decisions. Bond earned a BA in Mathematics and Physics at Skidmore College, a Master’s degree from University of Minnesota in Mathematics, focusing on Representation Theory, and a Master’s degree from NYU in Mathematics Education.

Guest speaker:

Ty Lambert


Bancorp South

About Ty Lambert

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.

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Day One | March 21 | New York City

08:00 Registration & morning coffee and breakfast

08:50 Chair’s opening remarks

09:00 Mock analyst call: Reviewing preparedness

This session looks to provide an interactive element, with extensive Q&A and run through of unanswered questions to provide an overview of areas remaining uncertain for full preparation.

Will Newcomer, VP of Product & Strategy, U.S. Risk & Compliance, Wolters Kluwer


09:50 Reviewing system infrastructure requirements for CECL and analysis for future implementation and productionizing the process

  • Data warehouses interacting with financial models
  • Differences between CECL and stress testing
  • Schematics for optimal reserve
  • Leveraging data from incurred loss model
  • Tracking latest losses facilities, nuances etc…

Ty Lambert, SVP, Bancorp South

10:30 Morning refreshment break and networking


11:00 Practices for meeting CECL data requirements and forming a picture for economic scenarios

  • Limitations of legacy systems
  • What is needed for full scale implementation
  • Aligning data sets across jurisdictions
  • Processes to capture at origination
  • Building depository long term
  • Relevance of external data: adjusting to portfolios


11:40 Considerations for CECL model approaches: New approaches vs. updating internal infrastructure

    • New approaches vs. improving existing models
    • Approaches to forecast impaired losses
    • Cross disciplinary inputs
    • Are existing models scalable to future losses over a lifetime
    • IT systems and infrastructure
    • Preliminary results under each approach
    • Limitations going forward
    • How do approaches differ from stress testing
    • Reconciliation and explanation of differences
      • A tale of two banks
      • Modelling approaches
      • Current infrastructure
      • Aligning with CCAR vs. DFAST
      • Documentation to support approach

Alexandra Hansis, ED, Risk Analytics Capital and Stress, UBS

Jennifer Matney, SVP, Director of Operational Risk Management, UMB Financial Corp

Raj Kunwar,VP, Finance & Business, HSBC

Guoning Yang, Director, Quant Analytics, Fifth Third Bank

12:30 Lunch Break

1:30 Best practices in validating CECL models

Jacob Kosoff, Head of Model Risk Management & Validation, Regions Bank

2:10 Implementing a comprehensive analytical architecture to provide a holistic view of the business

  • Building a complete comprehensive platform: stress testing analytics, CECL, economic capital, loan portfolio valuations etc.
  • Allowing lines of business access to results to make business decisions
  • Firm wide solutions
  • Integrating into firm wide platform

Stevan Maglic, SVP, Risk Analytics, Regions Bank

2:50 Preparation for increased rigor of communication and documentation requirements under CECL: Balancing the value of results vs. documentation process

  • Explaining and defending model
  • Language across different groups
  • Documenting the process and methodology
  • Ensuring process is correct from the bottom up
  • Balancing results and documentation

Jennifer Matney, SVP, Director of Operational Risk Management, UMB Financial

3:30 Afternoon refreshment break and networking

4:00 Developing top down and bottom up approaches for an efficient and accurate CECL solution

  • Top down approach for macro-economic forecast
    • Forming a view on cycle progress
    • Identify macro-economic variables relevant to the specific industry
    • Multiple baseline scenarios: possible combinations under uncertainty
  • Bottom up approach for model calibration and implementation:
    • Robust and rich market level data to disseminate national forecast into segment forecast
    • Granular property level data to identify idiosyncratic risk
    • Granular and sufficient loan data to calibrate the default and loss model and identify idiosyncratic risk of loan characteristics
  • Documentation and back testing
    • Statistical tests results
    • Model risk control
    • Calibration dataset vs. portfolio data

Xiaojing Li, Director, Quantitative Methods, CoStar


4:40 Develop effective forecasts that fulfil requirements by defining reasonable and supportable period and reversion to historical loss

  • Interpretation of standard – prescription vs discretion
  • Considerations in determining reasonable and supportable period
  • Differences in horizons and outcomes
  • Historical loss construction considerations
  • Judgement vs. statistical analysis
  • Reversion – immediate or gradual

Gopal “Sharath” Sharathchandra, Senior Vice President, PNC

5:20 Chair’s closing remarks

5:30 End of day one and drinks reception

Download the PDF agenda

Download a print-friendly PDF copy of the full program.


New Year Special rate:
$1,199 – until January 26

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Day Two | March 22 | New York City

08:00 Registration & morning coffee and breakfast

08:50 Chair’s opening remarks


09:00 CECL from the regulators: A regulatory insight to the CECL requirements

Chaired by – Ty Lambert, SVP, Bancorp South

Hal Schroeder, Board Member, FASB

Sibel Sirakaya Ph. D, Quantitative Risk Specialist, FDIC

Larry Sherrer, Senior Examiner, Banking Supervision and Regulation Division, Federal Reserve Bank of St. Louis

09:50 CECL preparation for Internal Auditors and what clients can expect from their Internal Auditors

  • Defining a review strategy
  • Partnerships between the three lines of defense
  • Project management oversight and escalation
  • Control considerations
  • Demonstrating results to regulators and external auditors

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

10:30 Morning refreshment break and networking

11:00 Current Regulatory Insight on CECL Methodology and Modeling

  • Informational Resources
  • Choosing appropriate methodology for CECL estimation
  • Model risk management for CECL
  • Use of third party vendor models

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

11:40 Implications for risk management post implementation: Balancing compliance with effective management

  • Aligning financial disclosure and risk management practices
  • View and manage risks
  • Maintaining safety and soundness
  • Managing volatility in reserves

12:20 Lunch break and networking


1:20 Increasing efficiency in stress testing and CECL to leverage overlaps and manage outcomes

  • Governance
    • Transferring to CECL
    • Governance surrounding scenario build out
  • Forecasting for whole loan
  • Macroeconomic variables
  • Running independently or alongside CECL
  • Pros and cons for leveraging stress testing models
  • Nuances of modelling for stress loss vs. modelling for a base case scenario

Jennifer Matney, SVP, Director of Operational Risk Management, UMB Financial Corp

Guoning Yang, Director, Quant Analytics, Fifth Third Bank

Carsten Heiliger, SVP, Risk Identification & Stress Testing, SunTrust Bank

Michael Chen, Director, Financial Modeling, First Republic Bank

2:10 Reviewing guidance on treatment of troubled debt in a CECL environment for effective identification and measurement

  • Unclear guidance
  • Directly modelling vs. outside a one-off basis
  • Limited statistical capability to model
  • Producing data to model
  • Different sized FI approaches
  • Quality of data: loan characteristics or macro-economic factors
  • Establishing the relationship between components

2:50 Afternoon refreshment break and networking

3:10 System requirements for implementation of life of loan and forecasting for forward losses

  • Life of loan for credit cards
    • Assumptions on extension and supporting
    • Impact on final overall lifetime losses
    • Volatility in CECL number
  • Data available for life of loan
  • Determining maturity of loan
    • Short and long-term plan
    • Criteria for refinancing
  • Key drivers to determine expected life

Amit Grover, Director, Card Modeling and CECL, Discover Financial

3:50 CECL end vision: Understanding the final vision and managing the project pre and post implementation

  • What will CECL look like
  • Impact on numbers
  • Product and aggregate level
  • Unintended consequences
    • Capital requirements with loss provisions
  • Behaviour across the credit cycle
  • Stepping back from data
  • How firms define credit cycle

Stevan Maglic, SVP, Risk Analytics, Regions Bank


4:30 Lessons learnt from implementation of IFRS 9 and updating systems for CECL

  • Infrastructure and systems: What can be improved for CECL
  • Leveraging IFRS 9 infrastructure
  • IT tools and availability to support new systems, models and data
  • Managing across jurisdictions

5:30 Chair’s closing remarks and end of Congress

Michael Chen,  Financial Modeling,  First Republic Bank

Michael will be presenting at CECL 2018

Clohessy Headshot
Matt Clohessy, CPA, CIA, CISA, CRC,  SVP, Audit Manager,  Key Bank

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.

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.

Amit Grover, Director, Card Modeling and CECL, Discover Financial

Amit Grover will be presenting at CECL 2018

Alexandra Hansis, Executive Director, Risk Methodology US, UBS Americas Holdings LLC 

After a obtaining a M.Sc. in Mathematical Finance from the University of Southern California and a Ph. D. in Quantitative Finance from the Goethe University in Frankfurt (Germany), I joined UBS Group AG in Switzerland in the area of Credit Stress Testing. In 2016 I transferred to the US due to an increased focus on CCAR, DFAST and CECL. I am currently charged with macro credit models across Retail and Investment Banking in the context of CECL, IFRS9, DFAST, CCAR and internal stress testing across the firm.

Carsten Heiliger, Senior Vice President, Risk Identification & Stress Testing, SunTrust Bank 

The Risk Identification & Stress Testing team at SunTrust provides several critical analytical services to the company: Providing new and insightful analysis for executive management; facilitating SunTrust’s ongoing Stress Testing process including the Off-Cycle Stress Testing program; providing scenario development for CCAR and Mid-Cycle DFAST; and, producing the baseline economic and interest rate forecast.

In addition to SunTrust, Carsten’s background includes work at global commercial and investment banks. He holds a bachelor’s degree in computer science and a master’s international business.

Jacob k
Jacob Kosoff, Head of Model Risk Management & Validation, Regions Bank

Jacob Kosoff is the Head of Model Risk Management and Validation at Regions Bank. In this role, Mr. Kosoff is responsible for the enterprise-wide management of the model governance and model validation teams and for overseeing the governance and validation for all models and significant analytical tools at Regions Bank. Mr. Kosoff has 15 years of experience and progressive managerial responsibility in model development, model risk management and audit within the financial services industry, including at Regions Bank, PNC Bank and Freddie Mac.

Raj Kunwar, VP, Finance & Business, 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.

Ty-Lambert copy
Ty Lambert, Head of Treasury Analytics, Bancorp South

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.

Xiaojing Li
Xiaojing Li, Director, Quantitative Methods, CoStar Group

Xiaojing Li is in charge of model development of CoStar’s core mortgage risk service product/CRE credit risk model—CompassCRE and CompassCMBS. She leads the quant team on building various models and analytical tools for analysing credit risk, assessing risk-weighted asset and capital reserve requirement under Basel III compliance, and setting loss reserves under FASB’s CECL credit loss accounting standard. Ms. Li also assists BHC clients on producing custom scenarios and regulatory stress testing in CCAR/DFAST framework. Ms. Li was a research assistant in the field of Consumer Finance at Ohio State University, where she majored in econometrics and consumer finance and received her M.S. and Ph.D. degree in Economics.

Stevan Maglic, SVP, Head of 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.

Jennifer Matey
Jennifer Matney, SVP, Director of Operational Risk Management, UMB Financial Corp

Jennifer received her Bachelor’s in Finance and Business Management from Missouri Western State University, her Master’s of Economics from the University of Missouri – KC, and has all but her dissertation complete on a PhD in Economics also from UMKC. She started her career at the Federal Reserve Bank of Kansas City and held several analyst up to executive management roles in Finance throughout the past 15+ years. In 2015 Jennifer started at UMB as the Director of Model Risk Management to create and operationalize the Model Risk Management program. For the past year all models are now validated internally by her team. In late 2017 she acquired additional responsibilities over all of Operational Risk Management to include model risk, third party risk, insurance, CPM, and loss reporting.

Will Newcomer, VP of  Product & Strategy, US. 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.

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.

Hal Schroeder, Board Member, FASB

R. Harold “Hal” Schroeder was appointed to the Financial Accounting Standards Board (FASB) by the Financial Accounting Foundation (FAF) effective as of February 28, 2011, reappointed to a second term in 2015.
Mr. Schroeder is a CPA who brings over 30 years of diverse experience in investing and financial reporting to the FASB. Most notably, he brings a strong investor perspective to the FASB, with more than 15 years of experience working with all facets of the investment community. During his career, he has viewed the preparation of financial statements and the application of accounting standards from varying perspectives including auditor, preparer and investor.
Prior to joining the Board, Mr. Schroeder was a partner at Carlson Capital, L.P., a Dallas-based money manager with assets under management of over $6 billion. He joined Carlson Capital’s relative value arbitrage team in 2000 and was a member of the firm’s management and investment committees. As a senior portfolio manager, he focused on the financial services industry, including both public and private companies.
Mr. Schroeder also spent five years as a senior equity analyst with Schroder & Company, Inc. (subsequently acquired by Citigroup Inc.) and KBW, Inc. (formerly Keefe, Bruyette & Woods Inc.), both based in New York City. From 1993 to 1995, he was Chief Financial Officer for New York-based Nafinsa Securities, Inc., and various other subsidiaries, of Nacional Financiera, SNC, the primary development bank for the Mexican government. Prior to that, he spent thirteen years with Ernst & Young, including the firm’s National office as well as client-serving roles in New Orleans and New York, where he was a partner in the financial services division.
From 2008 until his appointment to the Board, Mr. Schroeder was a member of FASB’s Emerging Issues Task Force (EITF). From 2008 to 2010 he also was a member of the Standing Advisory Group for the Public Company Accounting Oversight Board, the organization created by the Sarbanes-Oxley Act of 2002 to oversee the audits of public companies in order to protect the interests of investors and the public interest by promoting informative, accurate, and independent audit reports.
Mr. Schroeder earned his Master of Business Administration from Tulane University and a Bachelor of Science degree in accounting from the University of New Orleans.

Sharath Gopal
Gopal “Sharath” Sharathchandra, Senior Vice President, PNC

Gopal “Sharath” Sharathchandra is a Senior Vice President in the Credit Portfolio Management function at PNC Bank. His responsibilities include CCAR credit loss forecasting, economic capital, risk appetite metrics and analytics, risk adjusted return measurement and implementation and CECL implementation. He has over 20 years of industry experience in credit risk management and has previously worked at Freddie Mac, Capital One and the Asian Development Bank. He has a B.S. in engineering from the Indian Institute of Technology, M.S. in Statistics from Stanford University and Ph.D in Finance from the University of California, Berkeley.

Larry Sherrer, Senior Examiner, Banking Supervision and Regulation Division, Federal Reserve Bank of St. Louis
Sibel Sirakaya Ph. D, Quantitative Risk Specialist, FDIC

Sibel Sirakaya is a Quantitative Risk Specialist in the Complex Financial Institutions Section of the Division of Risk Management Supervision at the Federal Deposit Insurance Corporation (FDIC). She serves as a modeling expert in bank examinations on retail and wholesale credit risk modeling, model validation and model risk management for various regulatory frameworks, including Basel II / III and stress testing. Before joining FDIC in 2015, Sibel worked as a Senior Financial Economist in the Credit Risk Analysis Division of the Office of the Comptroller of the Currency (OCC). Prior to her appointment at OCC, she was an Assistant Professor of Economics and Statistics and a core faculty member at the Center for Statistics and the Social Sciences at the University of Washington. Sibel has published numerous papers in scholarly journals, including the Journal of the American Statistical Association, Journal of Economic Dynamics and Control and Computational Economics. She has a Ph.D. in Economics from the University of Wisconsin at Madison.

Guoning Yang, Director, Quant Analytics, Fifth Third Bank

I’m responsible for credit risk modelling and analytics for Stress Testing and CECL at Fifth Third. I oversee models and analytics, long-term loss forecasting, stress testing production and submission, and regulatory review support of Fifth Third Consumer portfolios as well as the on-going CECL modelling in partnership with Accounting, Finance and Capital Planning. Before Fifth Third, I worked at Capital One leading loss forecasting and Basel modelling of their credit card portfolio.

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


7th December 2017

CECL model approaches: New approaches vs. updating internal infrastructure

By Guoning Yang, Director, Quant Analytics, Fifth Third Bank.
30th November 2017

CECL preparation for Internal Auditors and what clients can expect from their Internal Auditors

Matt Clohessy, Audit Manager, Senior Vice President, KeyBank.
29th November 2017

CECL Requirements for Macroeconomic Scenarios

A presentation by Hakan Danis, Director, MUFG. 
29th November 2017

Developing top down and bottom up approaches for an efficient and accurate CECL solution

By Xiaojing Li, Director, Quantitative Methods, CoStar Group.
7th November 2017

CECL quantitative impact analysis

By Michael Fadil, EVP, CECL Program Executive Sponsor, Citizens Bank. 
10th October 2017

Understanding CECL end vision to effectively prepare for implementation

By Chip Messick, Managing Director, Argus Information & Advisory Services. 
4th October 2017

SS&C Primatics speaking at the CECL 2017 Congress

By Alex Driscoll, SS&C Primatics.
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

2018 Co-Sponsors


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)


FIS’s solutions for risk management cover pre- and post trade risk management; integrated, enterprise-wide market, liquidity, credit and operational risk management; asset liability management; and trade surveillance. These solutions can be used across trading and clearing platforms and around multiple asset classes to help organizations better understand their exposure, improve the visibility and understanding of risk across the enterprise, and comply with regulations globally. FIS Risk Solution’s customers include banks, broker dealers, securities firms, clearing houses, hedge funds, pension funds, asset managers, insurance companies, corporations and government entities of varying sizes, geographical locations and organizational complexities.


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.


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.


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®.


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.

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

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.

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 tina.patchcott@cfp-events.com or call +(1) 888 677 7007.

New York Marriott Downtown, 85 West St, New York, NY 10006, USA

We have a preferential rate for our attendees starting from $319++.

To book your accommodation please click the link below, if you are experiencing any problems please give the number a call and quote ‘the Centre for Financial Professionals program’


Contact numbers: 1-877-303-0104

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

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

Launch Special (Register by December 8) New Year Special (Register by January 26) Super Early Bird (Register by February 16) Early Bird (Register by March 9) Standard Rate (Registrations after March 9)
Pre-event Masterclass | March 20


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2nd Edition CECL 2018 | March 21-22


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Pre-event Masterclass and Main CECL 2018 | March 20-22


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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. 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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