Stress Testing USA 2016

Stress Testing USA CCAR and DFASTStress Testing USA CCAR and DFAST

The Leading Stress Testing Congress in North America
Reviewing the Individual Challenges Across CCAR & DFAST and the Associated Qualitative and Quantitative Elements

4th Annual
Stress Testing USA:

New York Hilton Midtown
1335 Ave of the Americas, NY 10019

Reviewing CCAR and DFAST 2016 Stress Tests | Regulatory Overview | Driving Efficiencies | Looking Ahead to 2017


Deputy Director, Division of Banking Supervision & Regulation

Federal Reserve Board (tbc)


MD, Regulatory Capital Management Office

JP Morgan Chase

Joseph A

Managing Director, Head of the CCAR Office

BMO Financial Group


Managing Director, Head of the CCAR

Société Génerale


Head of Portfolio Management & Strategy

Lloyds Banking Group


Deputy Chief Risk Officer, Regulatory Affairs and Capital Adequacy

M&T Bank


Stress Testing USA

Effective Model Risk Management for Stress Testing | November 2

The Pre-Congress Masterclass will be led by stress testing and model risk professionals from Darling Consulting Group with further guest practitioners to be announced.

Join the Masterclass for a great opportunity to take part in presentations, case studies, and in-depth discussions with like-minded professionals. The class will cover supervisory guidance, recent examination experiences, the cultural evolution of model risk, stress test model development, model life cycle management, a case study on vendor model validation, and finally reporting model risk and gaining strategic value from the process.



Overview of the process for new filers and existing ones: Controls and best practices

Developments in regulatory reporting templates and infrastructure required to comply

Data challenges specific to CCAR to ensure accurate data inputs

Overview of requirements as determined under regulation SR15-18

Reviewing global regulatory guidance and consistency in requirements


Understanding the requirements for organizations moving towards CCAR compliance

SR15-18 & 19
Comparing SR 15-19 to15-18 as a Guide for What is to Come for DFAST Banks

DFAST as a full year process

Prioritizing DFAST improvements for 2017 DFAST

Reviewing the evolution of DFAST processes from past tests and looking forward

Top 5 governance challenges for stress test program


PPNR model development: Understanding the requirements to create accurate models

Reviewing challenges in data requirements for full stress test submission

Modeling practices for operational risk under stress testing requirements

Overview of inclusion for RWA in stress testing reporting

Industry overview of quantitative methods and frustrations

Best practice for PPNR model back testing to satisfy regulatory scrutiny


Taking a step back to the future

Using stress testing alongside risk appetite for more informed decisions

Reviewing capital planning tools and incorporating stress testing results

Effectively incorporating stress testing into business as usual practices across the business

Aligning risk and finance departments for finance reporting of results

Top 5 governance challenges for stress test program

Using stress testing as a tool for better risk management and improved reporting practices


John Fleshood


Wintrust Financial

Jorge Sobehart

MD, Risk Architecture


Robert Chan

SVP, Head of Quantitative Analytics

City National Bank

Ravi Kodali

Lead Data Architect

Deutsche Bank

Eva Chan

Head of Enterprise Stress Testing, Americas


Tally Ferguson

SVP, Director of Market Risk Management

Bank of Oklahoma

Effective Model Risk Management for Stress Testing

Registration will open at 8:15am. The Masterclass will commence at 8:45am and conclude at 5pm. There will be adequate time for refreshments midmorning and midafternoon, as well as lunch.

There will be a combination of presentations and case studies, as well as additional insights from guests of financial institutions. In addition, there will be simulations, case studies and real world examples.

Participants are encouraged to ask questions and exchange experiences with the instructor and other participants.

To allow for interaction and debate, seats are limited. To avoid disappointment, reserve your seat here.

Hear from and network with like-minded senior stress testing professionals,   including the following presenters:

  • Drew Boecher, Managing Director, Darling Consulting Group
  • Sam Chen, Quantitative Consultant, Darling Consulting Group
  • Michael “Mike” R. Guglielmo, Managing Director, Darling Consulting Group
  • Joe Montalbano, Quantitative Consultant, Darling Consulting Group

November 2, 2016

08:00am Registration & Morning Coffee

08:45 Welcome and workshop overview

09:00am Next level model risk management

  • Supervisory guidance: OCC 2011-12 / SR 11-7, DFAST rule, etc.
  • Recent examination experiences: What are supervisors looking for?

09:30am Model risk management cultural evolution

  • Roles and responsibilities of business lines vs. model risk managers vs. auditors
  • Model risk management governance
  • Model risk management policies and procedures

10:15am Morning Refreshment Break & Networking

10:30am Best practices in stress test model development

  • Building an effective model development framework that fosters accurate models
  • Evaluating statistical techniques
  • Measuring model performance (and validity)
  • Effective data management

12:00pm Lunch Break & Networking

12:45pm Model lifecycle management

  • Assumption management
  • Routine checks on model performance
  • Documentation
  • Resolution of disputes over model issues
  • Correcting findings detected in a validation
  • Revalidation of models
  • The “annual touch”

01:45pm Vendor models – validation case study

  • Validation of the model – managing the vendor to get what’s needed
  • Validation of the application(s) in the bank
  • The validation report
  • Residual model risk
  • Common pitfalls and ways to address them

03:15pm Afternoon Refreshment Break & Networking

03:30pm Follow-up to validations: The validation is complete – now what?

  • The model risk report, aggregate model risk, and reporting to senior management and the board
  • Getting strategic value out of the process – how does this funnel into enterprise risk strategy?
  • Leading practices in model risk management

04:30pm Q&A and open discussion

Day One | November 3

*Please note: Further presenters and panelists to be announced shortly. Keep me updated.

07:30 Exclusive invite only breakfast briefing

(Held under the Chatham House Rule and by invitation only)

08:30 Registration and morning coffee

08:50 Chair’s opening remarks

09:00 KEYNOTE ADDRESS: Regulatory perspective of 2016 processes and moving towards 2017

Timothy Clark, Deputy Director, Division of Banking Supervision & Regulation Federal Reserve Board (tbc)

09:30 Reviewing the 2016 CCAR & DFAST stress tests and looking towards 2017

2016 scenarios
Curve balls: Negative interest rates
Overview from the industry
Mapping changes and preparing for 2017

Joseph A. Donat, Managing Director, Head of the CCAR Office, BMO Financial Group
Lourenco Miranda, Managing Director, Head of CCAR, Société Générale
Priyotosh Mukherjee, MD, Regulatory Capital Management Office, JP Morgan Chase

10:20 Morning refreshment break & networking

We have purposely aligned the times of our streams so that you may move freely between them

Stream One: CCAR Complexities

Chair: Ed Robertson, Co-Head of Financial Institutions Group & Managing Director, Situs

Stream Two: DFAST Requirements

10:50 CFO attestation  and CCAR reconciliation– The challenges, pitfalls and key considerations 

Edward Probst, SVP, Regulatory Reporting and Risk, AxiomSL

10.50 Understanding the requirements for organizations moving towards CCAR compliance

  • Additional expectations
  • Planning ahead
  • Sizing additional costs and resource demands
  • Industry view for mitigation of past errors

Robert Chan, SVP, Head of Quantitative Analytics, City National Bank

11.25 Overview of the process for new filers and existing ones: Controls and best practices

  • Improving existing practices
  • Effect on FBOs now subject to CCAR tests
  • Building infrastructure or improving current processes

Gary Tognoni, SVP, Head Stress Testing Execution, Treasury & Balance Sheet Management, TD Bank

12:00 Data and technology as it relates to model governance

  • How can organizations manage their financial models holistically
  • Best practice approach to managing data quality
  • The impact of poor data on financial modelling (CCAR)
  • How technology can support robust model risk governance

Jeremy Condie, Sales Director, ClusterSeven

11.25 Comparing SR 15-19 to 15-18 as a guide for what is to come for DFAST banks

  • Level of rigor
  • Categorization of FBO’s
  • Effect on processes
  • How the requirement differs between large, complex banks and the less complex $50 – $250 billion
  • Potential increase in scrutiny

Ed Young, Senior Executive, Moody’s Analytics

12:00 Making data your strategic ally

  • Unlocking the full data potential
  • Big data: A blessing and a curse
  • Navigating the complexities of data management
    • Limited time
    • Resources
Sam Chen, Quantitative Consultant, Darling Consulting Group
Joe Montalbano, Quantitative Consultant, Darling Consulting Group

12:35 Lunch break & networking

Including up 15+ Luncheon Roundtables with industry experts to discuss and debate critical industry challenges. To be released.

Ravi RT
Manan RT
Tally RT
Carsten RT
Lourenco RT
Soner RT
ed grey circle
wells fargo RT
Joseph RT

1.50 Aggregating stress testing processes and results for a broader view

  • View at line item level
  • Aggregating results
  • Levels of comparison: Industry wide, individual macro forecasting, aggregate forecasting
  • Data challenges

Jorge Sobehart, MD, Risk Architecture, Citi

1.50 Developing an effective DFAST governance and internal audit program

  • Board governance principles
  • Frequent regulatory criticisms of governance processes
  • Developing a comprehensive DFAST internal audit program
  • Ongoing internal audit monitoring and reporting activities

Michael Glotz, Founding Partner & President, SRA

2.25 Data challenges specific to CCAR to ensure accurate data inputs

  • Volume and complexity of data required
  • Infrastructure to support requirements
  • Automating the process for a smoother collection
  • Validating and reconciling data

Ravi Kodali, Lead Data Architect, Deutsche Bank

2.25 Balancing business and stress testing requirements: First and second line perspectives

  • Modelling given changing stress scenario variables and conditions
  • Capturing relationships between assumed scenario conditions and projected outcomes
  • Looking beyond conventional assumptions contained in historic data
  • Balancing relevancy of results with technical correctness of models

James L. Glueck, SVP, Consulting, MountainView MPS
Della Zheng, VP, Quantitative Analytics and Productions, MPS/MountainView

3.00 Addressing imperfect results in your PPNR CCAR Models

  • Defending your segmentation scheme driving your decisions for what was versus what was not modeled
  • Ensuring a robust, quantified, and documented non-statistical estimation for non-modeled portfolios
  • Building benchmark models, comparing your performance to the industry and identifying areas of similarity and difference
  • Documenting your challenger process and thinking through alternative modeling schemes to refine your results
Jonathan ‘Wes’ West, Managing Director, Novantas
Ryan Schulz, Principal, Novantas


3.00 Reviewing the evolution of DFAST processes from past tests and looking forward

  • Process to create results
  • Data infrastructure
  • Model capability
  • Changes over the last 3 year
  • Forward look
Grant Empson, Director, Balance Sheet Management, FIS
Prashant Dinodia, Director, Risk Advisory, FIS

3.35 Afternoon break & networking

4.05 Evolution of CCAR models year over year in light of regulatory feedback: Future models with oncoming CECL

  • How we evolved the CRE model year over year
  • Regulatory feedback
  • Better data capture
  • What do we expect from the next generation of CCAR models
  • Intersection of stress testing, risk rating and future CECL compliance

Soner Tunay, EVP, Director of Risk Analytics, Citizens Bank

4.05 Case study: Mechanics and benefits of achieving truly integrated stress testing

  • Eliminating data and modeling silos
  • Incorporating credit into market risk
  • Challenges of management and regulatory reporting
  • Lessons learned during this transition to integration

Butch Miner, Co-founder, ZM Financial Systems

4.40 Effective scenario analysis for CCAR & DFAST

  • Risk identification process and effective challenge
  • Alignment of risk identification process with existing BAU practice
  • Materiality assessment considerations
  • Scenario creation process

Eva Chan, Head of Enterprise Stress Testing, Americas, Barclays

4.40 Using stress testing alongside risk appetite for more informed decisions

  • What stress testing and Risk appetite share
  • When is it appropriate to set appetites for stress test results?
  • Using stress testing results to inform the risk appetite
  • What stress testing and risk appetite do NOT share.

Tally Ferguson, SVP, Director of Market Risk Management, Bank of Oklahoma

5:15 End of day one and networking cocktail reception

Day Two | November 4

07:30 Exclusive invite only breakfast briefing

(Details to be announced soon)

08:30 Registration and morning coffee

08:50 Chair’s opening remarks

09:00 Reviewing global regulatory guidance and consistency in requirements

Emerging practices: SREP, PRA, CCAR & DFAST
One unified process
Emerging inconsistencies
Producing different numbers with different processes
Effect on business

Evgueni Ivantsov, Head of Portfolio Management & Strategy, Lloyds Banking Group
Sabeth Siddique, Deputy Chief Risk Officer, Regulatory Affairs and Capital Adequacy, M&T Bank

09:50 Overview & differentiations of CCAR and DFAST processes and requirements

CCAR: Fed defined

Capital management process

Continual management

DFAST: Internal conditions

Firms determine risks

Based on stress event: firm specific

John Fleshood, CRO, Wintrust Financial
Jimmy Yang, MD, Credit & Operational Risk Analytics, BMO Financial

10:30 Morning refreshment break & networking

We have purposely aligned the times of our streams so that you may move freely between them

Stream Three: Quantitative Focus


11.00 Developing efficient models to support the stress testing process

  • Data and approaches
  • Development Evidence
  • Model Benchmark
  • Model interconnectedness
  • Risk in Model and Risk Not in Model
  • Model Validation

Agus Sudjianto, Head of Corporate Model Risk, Wells Fargo
Julian Philips, Chief Model Risk Officer, GE Capital

Stream Four: Qualitative Focus

11.00 Taking a step back to the future: What does the future hold for the evolution of regulatory expectations

  • Evolution of regulatory requirements
  • Functional and technical complexities
  • Data requirement’s and risk analytics
  • Future regulatory expectations
  • Unification of firm wide risk management and regulatory reporting

Aaron Sayles, Senior Consultant, Wolters Kluwer Financial Services


11.35 Developing efficient models to support the stress testing process

  • Data and approaches
  • Validating the models
  • Remediating
  • Evidencing the process
  • Model and data capability to support back testing

Agus Sudjianto, Head of Corporate Model Risk, Wells Fargo
Julian Philips, Chief Model Risk Officer, GE Capital

11.35 DFAST as a full year process

  • Changes to process after 90 day roll is over
  • Timelines and scheduling
  • When audit and model validation get involved
  • When does the board  and executive management get involved

12.10 Reviewing challenges in data requirements for full stress test submission

  • Data Quality; data flow; data processes
  • Requirements for new and existing filers
  • Good data and modeling output
  • Reconciling data
  • Segmenting portfolio

Ed Robertson, Co-Head of Financial Institutions Group & Managing Director, Situs

12.10 Effective Challenge

  • What is effective challenge
  • How to achieve effective internal review processes
  • Review & Challenge in different stages of the stress testing exercise
    • Model Risk Management
    • Model and Tool Results
    • R&C by Executives
  • Expert Judgment and Management Overlay

Hakan Danis, Director, Economic Stress Test Manager, Credit Strategies Group, MUFG Union Bank

12:45 Lunch break & networking

1.45  The challenge of the challenger model

  • Regulatory expectations
  • Evaluating during model development or during independent review and validation
  • Second line constraints
  • Maximising challenger model development as part of independent review process
Keith Schleicher, Managing Director, Decision Science, CenturyLink

1.45 Effectively incorporating stress testing into business as usual practices across the business

  • Stress testing as a separate work stream
  • Data strategy and platform
  • Control structure
  • Larger: Breaking down current structure
  • Smaller: Invest in infrastructure for entire process
  • Financial planning

Manan Rawal, Head of Scenarios & Modelling, HSBC

2.20 One model to rule them all: Model convergence in CCAR, DFAST, CECL, IFRS9, and Basel 

  • Forward-looking credit risk modeling is now essential to capital estimation, loss accounting, and portfolio management
  • Lenders, regulators, and auditors will not want completely different models solving the same problem in different contexts
  • We will discuss the similarities and differences between these applications, and which models can be applied throughout
Joseph L Breeden, PhD, CEO and Founder, Prescient Models

2.20 Driving efficiencies across stress testing processes to add value beyond regulatory compliance

  • Pressure on margins and cost
  • Building up for more scenarios
  • Handle on CCAR/DFAST process
  • Integrating into risk management framework

Evgueni Ivantsov, Head of Portfolio Management & Strategy, Lloyds Banking Group

2.55 CCAR/DFAST quantitative methods: observations and frustrations 

  • Meeting model requirements
  • Expectations from regulators
  • Documenting and recording overlays
  • Quant methods in stress testing: tried and tested

Arnisa Abazi, Director, Credit Analytics for Capital and Stress TestingCiti

2.55 Reviewing practices for automating the process to improve efficiencies towards 2017

  • Scenarios released 6 weeks before
  • Validating integrity of numbers
  • Computation
  • Validation of process: Models and Infrastructure
  • Check points ahead of sign off
  • Staging data
  • Sign off committee: results and samples to back test

3.30 Afternoon refreshment break

4.00 PPNR model development: Understanding the requirements to create accurate models

  • Model development
  • Trading book and banking book
  • Regulatory guidance
  • Developing models on external data
  • Linking with macro economic drivers

Douglas Ellison, CCAR Director, Mitsubishi UFJ
George Lin, CCAR PPNR Lead, Santander


4.00 Reviewing capital planning tools and incorporating stress testing results

  • Sizing the capital risk buffer
  • Managing capital constraints
  • Using stress testing results for capital calculations
  • Allocating across business lines
  • Requirements under base, stress and severe scenarios

Carsten Heiliger, SVP, Capital Adequacy & Resolution, SunTrust Bank

4.50 Overview of inclusion for RWA in stress testing reporting

  • Projecting 9 quarters
  • Ambiguity of definitions
  • Projecting RWA against revenue projections
  • Compute intensive Monte Carlo simulation

Douglas Ellison, CCAR Director, Mitsubishi UFJ

4.50 Aligning risk and finance departments for finance reporting of results

  • Finance reporting to regulators and senior management
  • Alignment of reporting documents
  • Consolidating reports
  • Internal attestation

5:25 End of congress

*Please note: Further presenters and panelists to be announced shortly

Attend the Stress Testing USA: CCAR & DFAST Congress to hear from the following presenters and panelists

Arnisa Abazi, Director, Credit Analytics for Capital and Stress Testing, Citi

Arnisa will be presenting at the upcoming Stress Testing USA Congress

Dr Joseph L. Breedan, CEO and Founder, Prescient Models LLC
Joe has been designing and deploying risk management systems for retail loan portfolios since 1996. His expertise includes scoring, forecasting, stress testing, and economic capital models. Since 2011, Joe has been CEO of Prescient Models, where he leads a consulting and product development team in this space, focusing on loan-level models for forecast, stress testing, and pricing.
Previously, Joe co-founded Strategic Analytics in 1999, where he led the design of advanced analytic solutions including the invention of Dual-time Dynamics. Dr. Breeden has created models through the 1995 Mexican Peso Crisis, the 1997 Asian Economic Crisis, the 2001 Global Recession, the 2003 Hong Kong SARS Recession, and the 2007-2009 US Mortgage Crisis and Global Financial Crisis. These crises have provided Dr. Breeden with a rare perspective on crisis management and the analytics needs of executives for strategic decision-making.
Joe has published over 40 academic articles, a dozen trade publications, and six patents. His book “Reinventing Retail Lending Analytics: Forecasting, Stress Testing, Capital, and Scoring for a World of Crises” was published by Riskbooks in 2010 and is currently in its second edition.
Joe received separate BS degrees in mathematics and physics in 1987 from Indiana University. He earned a Ph.D. in physics in 1991 from the University of Illinois studying real-world applications of chaos theory and genetic algorithms.

Eva Chan, Head of Enterprise Stress Testing, Americas, Barclays

Eva Chan is responsible for the delivery of the stress testing program in the risk function. She manages the enterprise risk identification and scenario generation program and the risk appetite framework.  She also contributes to the oversight for other stress testing programs such as control framework and model risk management.
Prior to Barclays, Eva was a risk subject matter expert at PwC Advisory with focus in CCAR programs. She has also spent 6 years structuring derivatives at Dresdner and Morgan Stanley and 6 years in market risk and credit risk analytics at Moody’s Analytics and Bloomberg.

Eva holds a BA from Columbia University, a Master of Engineering from Stanford University, a Master of Economics from Hong Kong University and is a CFA Charterholder.

Robert Chan, SVP, Head of Quantitative Analytics, City National Bank

Robert will be presenting at the upcoming Stress Testing USA Congress

Sam Chen, Quantitative Consultant, Darling Consulting Group
As a Quantitative Consultant at Darling Consulting Group, Sam validates a variety of risk models for financial institutions in the large bank space—including risk rating (PD/LGD), stress testing, allowance and deposit models—from both a statistical and business perspective. Sam combines his background in econometrics with his model building experience to bring practical model risk management insights to DCG’s validation clients.
Before arriving at DCG, Sam served as a senior consultant in FIS’s Risk & Performance group, where he developed models in multiple areas of financial risk, with a focus on credit and interest rate risk. Sam designed FIS’s Dodd-Frank Act stress testing model selection algorithm and has also created custom PD and LGD models, including a suite of models currently implemented at a top 15 U.S. bank.
Sam graduated cum laude with a bachelor’s degree in economics with mathematical applications from Princeton University. While at Princeton, he was the recipient of the John Glover Wilson Memorial Award for his thesis studying the economics of bargaining.

Timothy Clark, Deputy Director Division of Banking Supervision and Regulation, Federal Reserve Board (tbc)

Timothy P. Clark is a Senior Associate Director in the Division of Banking Supervision and Regulation at The Board of Governors. His responsibilities include the supervision of the largest domestic and foreign banking organizations operating in the US, the Federal Reserve’s annual Comprehensive Capital Analysis and Review, and the Federal Reserve’s supervisory stress testing program.

Jeremy Condie, Sales Director, Clusterseven

Jeremy is a financial service’s product, sales and business development entrepreneur. Deep domain knowledge of global financial service firms including investment banking, asset management, insurance and information vendors. Extensive C-level contacts. Expert in growing firms with innovative and complex data and technology-based solutions.

Hakan Danis, Director, Economic Stress Test Manager, MUFG 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.

Prashant Dinodia, Director, Risk Advisory, FIS

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, model validation, DFAST/CCAR, CECL/IFRS 9, and economic capital. 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, CECL, credit risk and Core-Deposit Modeling. A certified FRM and Chartered Accountant, Prashant holds an MBA (Finance).

Joseph A. Donat  Managing Director, Head of the CCAR Office, BMO Financial Group

Joseph is the Managing Director of U.S. Capital Management at BMO Financial Corp (BFC). In this capacity, he leads the CCAR Office including the associated capital management teams. He coordinates capital planning and reporting activities, capital forecasts, CCAR/DFAST activities, and the capital plan for BFC and BMO Harris Bank N.A. He is also responsible for strategically managing capital including providing advice and recommendations on the capital and funding implications of business initiatives, advising on capital impacts of structuring and funding activities, and capital assessments of acquisitions and divestitures. Previously, Joseph held several leadership positions within the Federal Reserve Bank of Chicago, including leading a large bank (>$50B) examination team as the Central Point of Contact. He was responsible for the CCAR evaluation, assessment, findings, and object/non-object recommendation to the CCAR executive leadership committee. Prior to that, he was a Team Leader of the Capital Markets Risk Specialist team focusing on liquidity, structural market risk, and investments. Joseph earned a Bachelor of Science in Finance from the University of Illinois Champaign/Urbana and a MBA from the University of Chicago Booth School of Business.  He holds a CFA charter and is a member of the CFA Society of Chicago.

Douglas Ellison, CCAR Director, Mitsubishi UFJ

Douglas will be presenting at the upcoming Stress Testing USA Congress

Grant Empson, Director, Balance Sheet Management, FIS

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.

Tally Ferguson, SVP, Director of Market Risk ManagementBank of Oklahoma

Tally Ferguson is the Director of Market Risk Management at BOK Financial, responsible for enterprise wide market risk monitoring, model risk analysis and validation and coordinating the corporate insurance program. Previously, he was a regulatory consultant for Ernst & Young. Mr. Ferguson began his career as an international bank examiner with the Federal Reserve Bank of New York. Mr. Ferguson has a BA in Economics and Mathematics from Yale University and an Executive MBA from the Wharton School: He is a CFA charterholder and adjunct instructor at the University of Tulsa.

John Fleshood, CRO, Wintrust Financial

John will be presenting at Stress Testing USA: CCAR & DFAST

Michael Glotz, Founding Partner & President, SRA

Mr. Glotz is a Founding Partner and President of Strategic Risk Associates (SRA) and is also the firms’ practice leader for governance, risk management, and internal audit activities.  He has led dozens of Enterprise Risk Management engagement efforts for regional and community banks, including his leadership role in delivering governance assessments and capital planning engagements.
Mr. Glotz previously served as Senior Vice President and Strategic Financial Officer for Crestar Bank and later SunTrust Bank through acquisition.  During his tenure with SunTrust Bank he held various senior financial positions including Strategic Financial Officer and head of Strategic Cost Management.
Immediately before starting SRA, Mr. Glotz was a Managing Vice President with Capital One Financial Corporation.  Mr. Glotz held a number of executive-level positions with Capital One including Managing Vice President of Corporate Audit and Credit Review Services for Capital One Bank ($80 Billion in Assets at the time), which included the oversight and development of over 100 audit and risk professionals.  Mr. Glotz was responsible for supporting the implementation of the first ERM Program and providing independent oversight of acquisition and integration activities for large scale mergers.
Mr. Glotz is a former Faculty Professor of the Virginia Bankers School at the University of Virginia where he taught a course in Risk Governance and Enterprise Risk Management.  He has also been a Guest Professor of Bank ERM Seminars sponsored by SNL Financial.  He has delivered Bank Director training for many state banking organizations and individually at a number of Bank Boards.
Mr. Glotz was appointed Co-Chair for the Risk-Reward Committee for the American Association of Bank Directors (AABD) in 2016.  In addition, he is a Faculty Member of the Institute for Bank Director Information, a Division of AABD.
Mr. Glotz received a BBA degree with the University of Wisconsin, an MBA with the University of Richmond and completed the Executive Development Program at Wharton, University of Pennsylvania.  He is a Certified Risk Professional and a member of the Institute of Internal Auditors.

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.

James Glueck, SVP, Consulting, MPS/Mountain View

Mr. James Glueck has extensive model validation experience which includes independent reviews of stress testing models and modeling frameworks supporting CCAR and DFAST applications. He has held senior model validation roles with PNC and JPMC, where he directed the independent review of financial and market risk models, including core corporate treasury models. Mr. Glueck has nearly 20 years of experience as a model validation specialist, treasury manager, and ALM advisory consultant.

Carsten Heiliger, SVP, Capital Adequacy & Resolution, SunTrust Bank

Carsten manages the team responsible for SunTrust’s development of comprehensive stress scenarios, as well as the analytics and disclosures supporting the results of those scenarios. His team also facilitates the Enterprise Stress Testing program, including CCAR, DFAST, and Off-Cycle Stress Testing efforts. In addition to SunTrust, his background includes work at global commercial and investment banks. He holds a bachelor’s degree in computer science and a master’s international business.

Evgueni Ivantsov, Head of Portfolio Management & Strategy, Lloyds Banking Group

Dr Evgueni Ivantsov is Chairman of the European Risk Management Council and author of Heads or Tails: Financial Disaster, Risk Management and Survival Strategy in the World of Extreme Risk. He is a member of the Advisory Group on Global Risks of the World Economic Forum. Evgueni has a more than 20-year career in the banking sector working in global and large banks like HSBC, Lloyds Banking Group, ING Group and Banque Bruxelles Lambert. In his risk management career, he was responsible for areas like stress testing including regulatory stress tests (e.g. UK industry wide stress test, reverse stress test, EBA stress test), risk appetite, portfolio risk optimisation and global risk analytics. Dr Ivantsov is also a visiting lecturer in Cass Business School in London and before was an adjunct Professor of International Economics at the Boston University and an adjunct Professor of Money, Banking and Credit at the United Business Institutes in Brussels.

Ravi Kodali, Lead Data Architect, Deutsche Bank

Ravi will be presenting at the upcoming Stress Testing USA Congress

Butch Miner, Co-founder, ZM Financial Systems

As one of the co-founders of ZM Financial Systems (ZMFS), Frank “Butch” Miner is directly responsible for the management, growth and success of business operations, overseeing all day-to- day operations in addition to leading corporate strategic initiatives. Miner and ZMFS co-founder Dai Zhao had a vision: to develop, implement and support a truly integrated risk analytics product that could be used by multiple departments inside a financial institution yet run off the same analytic engine and database. Starting off on their own, Zhao’s quantitative analytics and financial modeling experience, combined with Miner’s portfolio management capital markets and risk management knowledge, led to the formation of ZM Financial Systems. Today nearly 1,000 financial institutions depending on ZMFS’ products/analytics to identify, monitor and measure risk and value on their balance sheets, proving Zhao and Miner’s ideology works every day. Prior to founding ZMFS, Miner served as Managing Director, IPS-Sendero; Senior Vice President, Pinehurst Analytics; and Portfolio Manager, Smith Breeden Associates. He received his B.S. in Finance from Florida Southern College, and his Masters in both Accounting and Finance from the University of Iowa, Henry B. Tippie College of Business.

Lourenco Miranda, Managing Director, Head of the CCAR, Société Générale

Lourenco will be presenting at the upcoming Stress Testing USA Congress.

Joe Montalbano, Quantitative Consultant, Darling Consulting Group
Joe is a Quantitative Consultant at Darling Consulting Group (DCG) where he supports the company’s mission to help financial institutions manage their balance sheet risk and improve their risk-management capabilities. Joe primarily works in the realm of DFAST model validation, ensuring that clients’ models and processes are methodologically sound and aligned with regulatory expectations.
Prior to working at DCG, Joe spent a total of six years with Moody’s Analytics and SunGard Ambit Risk & Performance (since acquired by FIS) where he gained extensive experience developing credit rating scorecards and DFAST stress testing models. His experience also extends to ALM risk, gap analyses, economic capital, and enterprise-wide risk.
Joe earned his Bachelor’s degree in economics from Princeton University.

Priyotosh Mukherjee, MD, Regulatory Capital Management Office, JP Morgan Chase

Priyotosh (Tosh) Mukherjee is a Managing Director with JPMorgan Chase and is the Head of Firmwide Central Challenger Team and Finance Calculation Independent Review (FCIR). Prior to joining JPMorgan, Priyotosh served as the CFO of the direct deposit business at Capital One overseeing over $90B in deposits and $1.5B in assets under management. He has over 18 years of experience in the areas of Corporate Finance, Forecasting, Risk Management, Asset Liability Management, Product Development and Management Consulting. Priyotosh holds an MBA from the INSEAD/Wharton program and has an Engineering (Honors) degree from the Indian Institute of Technology (IIT), Kharagpur.

Julian Philips, Chief Model Risk Officer, GE Capital

Julian will be presenting at the upcoming Stress Testing USA Congress.

Edward Probst, Senior VP, Regulatory Reporting and Risk, AxiomSL
Edward Probst is a Senior Vice President and regulatory reporting subject matter expert at AxiomSL. In his role, Mr. Probst is responsible for managing implementations, new product development and sales support. Mr. Probst’s proficiency in the field of regulatory reporting includes quantitative analysis, risk management, systems analysis and integration, and expertise concerning specific regulatory reporting solutions like CCAR, Dodd-Frank, and Basel I II III. Mr. Probst also conducts product demonstrations of AxiomSL’s ControllerView® and serves as an implementation specialist. Prior to joining AxiomSL in 2010, Mr. Probst spent more than a decade in the financial industry where he focused on developing his technical and analytical skills, as well as team management capabilities. Mr. Probst received both his Bachelor of Science in mathematics and Master of Business in Finance and Economics from Baruch College, Zicklin School of Business.

Manan Rawal, Head of Scenarios & Modelling, HSBC

Manan N. Rawal is currently the head of Scenario Design & Modeling at HSBC in New York. His role involves establishing a strong and robust framework around designing stress testing scenarios that are utilized for the CCAR / DFAST exercise as well as examine the relevant issues surrounding balance sheet and non-interest revenue forecasting.

Manan’s prior experiences included oversight responsibility for trading and
banking book exposures as part of an independent risk management team as well as buy side portfolio management stints at various institutional asset managers where he focused on cross asset markets involving convertible bonds, equity and credit derivatives. His educational experience includes an international executive MBA from the Trium program (, a M.Sc. in Economics from the London School of Economics, and a B.S. in Finance from the Wharton School at the University of Pennsylvania.

Ed Robertson, Co-Head of Financial Institutions Group & Managing Director, Situs

Ed Robertson, CFA, Co-Head Financial Institutions Group (FIG) and Managing Director at Situs, provides specific focus on M&A advisory and due diligence, loan portfolio advisory, and best practices consulting in all aspects of finance, banking, loan analytics as well as data remediation projects. Ed has more than 30 years of finance experience with a specific focus in commercial, international, correspondent, mortgage and retail lending.  Ed has 15 years’ experience as Chief Financial Officer of Barclays Latin America and WaMu’s Commercial Group, two Fortune 100 Commercial Bank divisions. Prior to joining the Situs team, Mr. Robertson created the Commercial Loan Division at Clayton, where he developed and managed many large engagements with the FDIC, Barclays Bank, Sovereign Bank, Union Bank and Columbia Bank. Mr. Robertson received his CFA from the CFA Institute, MBA from the University of Pittsburgh, and BS in Business Administration from the University of Florida and is FINRA licensed in Series 7 & 63.

Roberto Robles, Principal Regulatory Advisor, Enhanced Prudential Standards – CCAR Regulatory Reporting, RBC Capital Markets

Robert will be presenting at the upcoming Stress Testing USA Congress.

Aaron Sayles, Senior Consultant, Wolters Kluwer

Aaron Sayles, Senior Consultant at Wolters Kluwer has worked in the Financial Services industry for over twelve years. He has cultivated expertise on industry trends and regulatory developments in liquidity and compliance risk as well as data management best practices. Aaron works with industry professionals to assess needs, and identify internal and external drivers around liquidity risk and data processes.

Keith Schleicher, Managing Director, Decision Science, CenturyLink

Keith Schleicher has been a leader in Modeling and Risk Management in the banking industry for over 20 years, first at Capital One, and now at CenturyLink.  Keith has spent over half of his career  formally managing model risk across a wide array of modeling applications, including CCAR and DFAST models.  Keith leads the US Decision Science Team and the Banking Analytics practice at CenturyLink which has provided Model Risk Management services to multiple Top 10 US banking firms.

Ryan Schulz, Principal, Novantas
Ryan is a Principal in the Treasury and Risk unit at Novantas. Ryan’s current focus is in PPNR modeling for CCAR/DFAST stress testing purposes where he specializes in model approach refinement, development, and execution. He heads PPNR Research and Development for Novantas and sits on the company’s PPNR Stress Testing Steering Committee.  Ryan also has deep experience in risk-adjusted profitability, reporting, and management, funds transfer pricing, liquidity, and balance sheet management.

Sabeth Siddique, Deputy Chief Risk Officer, Regulatory Affairs and Capital Adequacy, M&T Bank

Sabeth will be presenting at the upcoming Stress Testing USA Congress.

Jorge Sobehart, MD Risk Architecture, Citi

Jorge will be presenting at the upcoming Stress Testing USA Congress.

Agus Sudjianto, Head of Corporate Model Risk, Wells Fargo

Agus Sudjianto is an Executive Vice President, Managing Director, and Head of Corporate Model Risk for Wells Fargo where he established their Model Risk Management Framework, Governance and Structure. He leads a highly technical team to manage model risk across the enterprise.

Prior to his current position, Agus was the Modeling and Analytics Director and Chief Model Risk Officer at Lloyds Banking Group in the United Kingdom where he was responsible for the enterprise development and oversight of all risk management models (Retail and Wholesale Credits, Market, Regulatory Capital, Stress Testing, Asset Liability Mangement, Insurance).

Before joining Lloyds, he was a Senior Credit Risk Executive and Head of Quantitative Risk at Bank of America. Prior to his career in banking, he was product design manager at Ford Motor Company where he led engineering teams designing engine systems and components using complex engineering models.

Agus holds numerous US patents in both Finance and Engineering fields. In addition to publishing numerous technical papers, he is also a co-author of a statistics book in Design and Analysis of Computer Experiment. His technical expertise and interest include Quantative Risk, especially credit risk modeling and statistical finance, statistical methods for fighting financial crimes, and computational statistics.

He holds graduate degrees in Engineering and Management from Wayne State University and Massachusetts Institute of Technology.

Gary Tognoni, SVP Head Stress Testing Execution, Treasury & Balance Sheet Management, TD Bank

Gary C. Tognoni is the Senior Vice President, Head Stress Testing Execution in Treasury and Balance Sheet Management for TD Bank. Based in Cherry Hill, N.J., he leads the bank’s Treasury Stress Testing Analytics group responsible for developing and sustaining a robust stress testing process primary focused on loan and deposit pricing and the bank’s $100B fixed income securities portfolio. This includes governance and controls oversight, cycle execution, ALM Analytics and model development, and primary aggregation of the stressed financial statements.

Tognoni joined TD Bank in 2013 and previously oversaw the development of a quantitative team responsible for PPNR model development.  Prior to joining TD, Tognoni held various positions in Bank of America’s Enterprise Stress Testing, Capital Management and Global Markets Finance teams. He is a member of the AICPA and holds both CPA and CGMA designations. Tognoni is a graduate of the Monfort School of Business at the University of Northern Colorado in Greeley, CO.

Soner Tunay, SVP, Director of Risk Analytics, Citizens Bank

Soner Tunay is currently an SVP and the Head of Risk Analytics in the Risk Architecture Department of Citizens Financial Group. He leads the efforts in the design, development and implementation of credit risk solutions for the Bank’s portfolios including CCAR models, Economic Capital and Risk Rating Models. His past work covered a broad range of asset classes, including commercial, retail products and structured credit instruments.

Prior to joining RBS Citizens, Soner held similar roles in leading financial institutions, managing quantitative teams working on various models and processes. He has been a participant in various industry events, as a presenter, round-table participant and as an organizer of full-day workshops.

Soner holds a Ph.D. in Economics from Boston College.

Jonathan ‘Wes’  West, Managing Director, Novantas
Wes is a Managing Director in the Treasury and Risk unit at Novantas and chairs the company’s PPNR Stress Testing Steering Committee.  In the last decade he has specialized in financial services, serving both as a practitioner at JPM Chase and Citibank, and as a consultant to top banks in the US, UK, and Australia.  Wes’s primary specialty is CCAR/DFAST stress test model development and execution.  He also has deep experience setting corporate and line-of-business strategy; designing segment-differentiated customer experience; and refining business strategies using advanced deposit analytics.

Jimmy Yang, MD, Credit & Operational Risk Analytics, BMO Financial

Jimmy will be presenting at the Stress Testing USA Congress.

Ed Young, Senior Director, Moody’s Analytics

Ed Young is a Senior Director on the Stress Testing and Capital Planning Team. In this capacity, he focuses on structuring solutions that bring together capabilities across Moody’s Analytics to support robust capital planning and stress testing processes. His primary focus is on clients in the banking and insurance sectors across the Americas.

Prior to joining Moody’s Analytics Ed was Assistant Vice President of the Risk Management and Analysis group at the Federal Reserve Bank of Atlanta. In this role he led a group consisting of four teams of specialists focused on Credit Risk, Capital Adequacy and Planning, Model Risk Management, and Market and Liquidity Risk. He was also involved with many broad Federal Reserve System initiatives and prior to his departure was the Deputy Chair of the Federal Reserve System’s CCAR Oversight Group. During his ten year tenure with the Federal Reserve he participated on a multitude of System level initiatives related to Capital Adequacy, Liquidity Risk, Interest Rate Risk, and Model Risk Management. He was a 2011 recipient of the Federal Reserve System’s William Taylor Award for Excellence in Bank Supervision. Earlier in his career Ed held roles focused on balance sheet management in the Treasury group at two different large regional banks.

Ed holds a B.S. in Business Administration and an MBA from the University of Alabama at Birmingham.

Della Zheng, VP, Quantitative Analytics and Productions, MPS/MountainView

Ms. Della Zheng has nearly 10 years of experience as model validator, model developer, and treasury manager. She had obtained wide range of skills in asset liability management, stress testing, and forecasting. She served as Vice President in model control, financial modeling, and treasury at OneWest Bank before she joined MPS/MountainView. She holds bachelor, master and doctorate degrees, has passed three levels of CFA exams, and earned the FRM certification.

23rd September 2016

Reviewing the 2016 CCAR & DFAST stress tests and looking towards 2017

22nd September 2016
Joseph Breedon

One model to rule them all

19th September 2016
Robert Chan

Understanding the requirements for organizations moving towards CCAR compliance

14th September 2016
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Modeling deposit portfolio rates: Combining replicating portfolio concepts with regression analysis to improve PPNR stress testing and ALM accuracy

7th September 2016
Tally Ferguson

Using stress testing alongside risk appetite for more informed decisions

7th September 2016
manan banner

Effectively incorporating stress testing into business as usual practices across the business

31st August 2016
Keith banner

The challenge of the challenger model

30th August 2016
agus banner

Developing efficient models at Stress Testing USA 2016

26th August 2016
situs the heart of bank stess tests

The heart of bank stress tests: Data

23rd August 2016
Aaron sayles banner

Taking a step back to the future: What does the future hold for the evolution of regulatory expectations

22nd August 2016

Sound model risk practice for effective stress testing

16th August 2016

Benefits of embedding stress testing into ‘Business As Usual’ framework

26th July 2016
Stress Testing

CCAR and DFAST: Understanding expectations and moving towards an automated process

30th March 2016
David Ingram Risk Americas

Challenges, pitfalls and opportunities for effective PPNR modelling

25th February 2016

Stress Testing Beyond Regulatory Compliance

28th January 2016
Soner Tunay - Risk Anlaytics

How Stress Testing is Compared to Economic Capital

14th October 2015
Andrei Egorov

To Stay DFAST or to Become CCAR: Understanding the Gains and Losses for Institutions on the Verge of Crossover

7th October 2015
DCG RI Banner

Model risk management meets 3 lines of defense

6th October 2015

The 3 Month T-Bill Rate: Average of 100,000 Scenarios Up 0.23% to 3.46% in 2025

The 3 Month T-Bill Rate: Average of 100,000 Scenarios Up 0.23% to 3.46% in 2025 We use 100,000 scenarios for the U.S. Treasury (TLT) yield curve […]
27th July 2015
Robert chan

Understanding the Gains and Losses for Institutions on the Verge of Crossover and Building an Effective Governance, Control and Challenge Process

27th July 2015
Ty Lambert

Macroeconomic Stress Testing Lessons Learned From Bancorpsouth’s Strategy and Implementaion

15th July 2015

Minimizing Data And Modeling Challenges To Maximize The Effectiveness Of Stress Testing For Strategy And Business Beyond CCAR And DFAST

15th July 2015

Getting The Best Return From Your CCAR Investment

15th July 2015

Implementing a Stress Testing Process – Key Issues and Challenges By Charles Richard QRM

“Stress Testing has always been a focus for QRM going back to our founding in 1987. Today this concept has evolved to cross the traditional pillars […]
20th January 2015

Effective Changes To Build An Effective Governance, Control And Challenge Process

2nd December 2014

Stress Testing: A Below the $50bn Perspective

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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.

Century Link

CenturyLink (NYSE: CTL) is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a 300,000-route-mile international transport network.


ClusterSeven is a leading provider of strategic End User Computing (EUC) Management software. Our market-leading suite of products provide a governance platform for a firm’s spreadsheets, user-built databases and modelling tools. The ClusterSeven suite provides transparency around EUC activity, enables the capture of an inventory of EUCs as well as facilitates a full audit trail of changes to the key spreadsheets and databases in the inventory.

The suite provides businesses and their control functions full confidence in the integrity of their firm’s spreadsheet data, while also offering substantial savings on the time and resources used to check data processes and accuracy.

Founded in 2003 with offices in London, New York and Boston; over a third of the world’s top 30 banks as well as multiple leading insurers, investment managers and energy firms are customers. In June 2015, private equity firm Azini Capital Partners LLP acquired 100% of ClusterSeven and has provided additional investment to promote high quality product development and wider customer engagement.

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 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).


FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, capital markets, asset and wealth management, risk and compliance, consulting and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. FIS’ Ambit Risk and Performance solution suite helps banks to comply with regulation and gain a centralized view of risk, liquidity, capital and profitability across the enterprise so banks can be prudent in their decision making, yet strategic for maximized returns.

McGuire Performance Solutions

McGuire Performance Solutions (MPS), A MountainView Company, is a national consulting firm providing innovative asset-liability management (ALM) solutions for financial institutions. The company’s goal is to empower management to attain high balance sheet performance with known and controlled levels of risk. MPS contributes to success through industry leading quantitative analyses of core deposit behaviors, ALM model verifications and other technical solutions.

Moody's Analytics

Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including proprietary analyses from Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges.


For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research.

Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research.

MSCI serves 97 of the top 100 largest money managers, according to the most recent P&I ranking. For more information, visit us at


Novantas is the industry leader in analytic advisory services and technology solutions for banks. We create superior value for retail and commercial banks through deep and insightful analysis of the information that drives the financial services industry across pricing, product development, treasury and risk management, distribution, marketing, and workforce management. For more information, visit

Prescient Models

Prescient Models provides best-in-class modeling and software for a broad range of forecasting and stress testing applications. We created leading stress testing applications before CCAR and DFAST existed. Our models were CECL compliant before FASB saw a need. Through multiple recessions and business environments, our models are battle tested and proven true.

Now we’ve taken our industry insights to a new product, PrescientManager™. Too many analysts now spend more time validating and documenting than building models. Too often model refreshes are nearly impossible because of the weight of review. PrescientManager solves these problems. A carefully designed refresh process leaves the model review in tact while adapting to environmental changes. Automated validation and documentation run every time the data is refreshed mean that all models are monitored in real-time. Robust. Analytically rigorous. Simple to use.

Now we’ve taken all this to the loan-level for account decisioning and loan pricing. Our margin forecasting engine is already CECL compliant, can be run under stress scenarios, and is available today.

Prescient Models – Seeing the future through models.


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


Situs is the preeminent advisor to clients around the globe trusted to evaluate, optimize and manage critical assets and securities, from commercial and residential real estate, small and medium enterprise and consumer lending, to credit and store cards. Since 1985, Situs has set the standard in financial services for service, quality and execution. Based in Houston, TX, Situs has offices across the US, Europe and Asia and has been involved in more than $1 Trillion of total real estate deals. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than $100 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive “Advisor of the Year” award by Real Estate Finance & Investment magazine. Situs Capital Management, LLC, a wholly owned subsidiary of Situs, is member of FINRA and SIPC and is a broker dealer registered with the SEC. For more information, please visit

Strategic Risk Associates

Strategic Risk Associates (SRA) is national consulting and advisory firm, specializing in the banking and financial services industry. SRA provides commercial banks and financial services companies with a broad spectrum of services. These include:

– Enterprise Risk Management;
– Merger and Acquisition Due Diligence;
– Internal Audit;
– Bank and Financial Services companies’ Integration;
– Credit Risk Management including Loan Reviews, Stress Testing, Credit Training, and Process Improvements;
– Regulatory Support for Bank Exams;
– MOUs,and Enforcement Actions;
– Management and Board Assessments;
– Strategic Plans and/or Capital Plans;
– Board of Director Training;
– Succession Plans;
– Staff Augmentation, Mortgage Operations Support, and numerous Other Services.

See more at

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

ZM Financial Services

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.

Lanyard Sponsor


Apparity delivers on the promise of tracking, controlling and managing spreadsheets at the global enterprise and business process level, without changing the end user experience. Apparity technology helps financial institutions automate critical spreadsheet processes at the qualitative and quantitative level across key functions such as CCAR Model Management, Regulatory Reporting and the Management of Operational Risk. Apparity’s ability to provide real-time collaboration, secure automation of business processes, auditability of all spreadsheet activity, true version control, and comprehensive user access and change monitoring tools – positions the technology as the go-to solution for complying with key regulations such as SOX, Basel III, DFAST/CCAR, SR 11-7 and more. Apparity is headquartered in Atlanta, GA, with support offices around the globe


CIMCON Software

Models and spreadsheets used for financial reporting need to be error-free, properly documented, auditable and protected against cyber attacks or internal fraud.

CIMCON helps minimize the business risks inherent in end-user computing applications. From uncovering hidden errors in models and Excel spreadsheets, to detecting file corruption in file shares, Access or SharePoint repositories, and identifying cybersecurity risks, our software enables you to automatically identify the location and magnitude of these risks. It also provides tools to minimize them in a way consistent with your company’s risk management policy.

CIMCON helps minimize the business risks inherent in end-user computing applications. From uncovering hidden errors in models and ExcelTM spreadsheets, to detecting file corruption in file shares, Access or SharePoint repositories, and identifying cybersecurity risks, our software enables you to automatically identify the location and magnitude of these risks. It also provides tools to minimize them in a way consistent with your company’s risk management policy.

Exequor Group

The Exequor Group’s Financial Services practice specializes in designing analytical and governance solutions to the challenges associated with risk and performance measurement. Our areas of expertise include stress testing, asset/liability management, funds transfer pricing, and capital and liquidity management.

Our offerings are exceptional. We address both strategic advisory services related to Treasury and Risk practices, as well as data modeling and quantitative solutions that define best practice risk analytics.

Our partners have in-depth experience in Treasury and Risk Management in GSIB and DFA US and with leading global financial services providers. Leadership roles include Head of Capital Planning, Treasurer, Chief Investment Officer, Head of Asset Liability Management, ICAAP Director and Head of Credit Portfolio Management.


Workiva (NYSE:WK) created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report, and analyze business data with control and accountability. Thousands of organizations, including over 65% of the 500 largest U.S. corporations by total revenue, use Wdesk. For more information, visit

Media Partnerships

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New York Hilton Midtown
1335 Ave of the Americas
New York

We have reserved a number of rooms at the New York Hilton Midtown for attendees looking to book overnight stay. Please visit the following website to reserve your accomodation

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Download the Risk Insights App

Interact with your colleagues, peers and industry thoughts leaders live at the Stress Testing USA Congress. 

Our Risk Insights App provides an audience interaction participation tool at the Congress which allows you to ask speakers and panelists questions throughout the sessions and engage in industry polls with other senior risk professionals.

All Congress information is available at a click of a button such as the two day agenda, biographies of all presenters map location and surveys


Sponsor the App. For more information, email us.


1. Search for “Risk Insights” on your relevant app store.


2. Log in using your Center for Financial Professionals’ login details. (If you are a new user please create an account here)

3. Select “Interact at the Event” to view all the interaction tools for the Congress. If the event does not appear, please use the Guest log in and refer to your emails for the password.

Here you will be able to access all details you need prior and during the event, i.e presentations, agenda and map. The polls and ask a question features will be used during the course of the two days so make sure to keep your phones handy during the event.


We have a web App available to use through your phone internet browser. At the event visit and simply select Stress Testing USA, then enter your details and the access code (refer to your emails for the code)

If you are having any issues please feel free to drop us a call on +1 888 677 7007 and a member of the team will be able to help you out.

After the Event

Keep the Risk Insights App after the event to browse risk and regulation insights, share and save articles, and receive notifications on the latest challenges all within your professional interests. Our network of authors range from risk professionals within banking risk, financial regulation, market risk, credit risk, operational risk and treasury/balance sheet management.

What people had to say about our Stress Testing USA 2015 Congress

I thought the speakers were excellent and the opening Q&A was great.

Audit Leader, Wells Fargo


Very well organised with great delivery by the presenters

Managing Director Stress Testing & Basel, ATB Financial


Great event with a nice coverage of topics – all presentations were valuable and information

Quantitative Analyst, Federal Home Loan Bank


A very well organised event

Senior Industry Consultant – Risk Management, Teradata Corporation

An overall excellent event

SVP & Treasurer, VakifBank


I enjoyed the thoughtful stress testing perspectives from a diverse group of presenters

Managing Director, DCG


We covered off a lot of material. The material was for all levels of testing – from the very basic to advanced. A great history of DFAST/ CCAR was given and a lot of thoughts about moving forward

Director, Methodology & Capital, Op Risk, BMO Financial Group
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If you register for the Pre-Congress Masterclass AND the main Congress at the same time, you will benefit for the reduced rates of each, PLUS an additional $100 off the total rate. Discounts can not be applied retrospectively, though do apply to Group Rates listed below.

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Group rates are available for 2 or more attendees from the same organisation, when registering at the same time. The current rate allows every third colleague to come along for half price! or a fifth colleague to attend for free

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