7th Annual Stress Testing USA 2019

Advancing stress testing to inform strategic decisions and align across regulatory initiatives

Stress Testing USA: CECL, Capital and Strategy

November 6-7, 2019 | New York City

America’s leading event on stress testing, CECL implementation, capital management and strategy – practical examples and case studies with insight from industry renown experts.

CECL
Leveraging stress testing models and incorporating into one unified program

CAPITAL
Incorporating stress test results into capital planning and allocation

TECHNOLOGY
Technology use cases and feasibility with stringent documentation requirements

QUALITATIVE MODELS
Identifying and validating models under a broader definition

DATA GOVERNANCE
Developing an enterprise wide data governance program and policy

BAU & STRATEGY
Integrating across the enterprise as a BAU tool for financial planning and strategic decisions

DISRUPTIVE RISKS
Identification, management and mitigation strategies for emerging risks

CLIMATE CHANGE
Reviewing climate change agendas across global regulators

Ty Lambert 2015 Professional Pic

Ty Lambert
Chief Data Analytics Officer
BancorpSouth

Kash Agrawal

Kaushal Agrawal
Director, Quantitative Analytics
Barclays

Alexey Smurov

Alexey Smurov
Director, Risk Management Systems and Technology
PNC

Adam Behrman2

Adam Behrman
Head of Model Risk
Investors Bank

Yuhong Liu

Yuhong Liu
Director
BNP Paribas

Nick Kemp

Nick Kemp
Managing Director, Qualitative Methodology Review
Bank of America

Liang Khoon Koh

Liang-Khoon Koh
Director Stress Testing
Silicon Valley Bank

Iyer, Venkat

Venkat Iyer
Director of PPNR Forecasting
Santander

2019 Co-Sponsors

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 tools).

QRM


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.

Z-Risk Engine®


Brought to you by Aguais And Associates (AAA), Z-Risk Engine® (ZRE) is a substantially more accurate, purpose-built risk management solution for banks and financial institutions tasked to comply with IFRS9, CECL and to also meet stress testing regulations.

The complete ZRE solution combines a suite of SAS®-based software with AAA’s expert credit risk consultancy. The engine is a single integrated, customisable batch analytics platform for wholesale and commercial credit portfolios and works with a bank’s own credit models. With innovations in ‘credit cycle unlocking’, ZRE is uniquely able to use industry and regional credit cycles to accurately convert existing credit models, such as through the cycle (TTC), into point in time (PIT) measures.

CECL Sponsor

Wolters Kluwer


Wolters Kluwer’s Finance Risk & Reporting business is a market leader in the provision of integrated finance, risk and regulatory compliance and reporting solutions, supporting regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

2019 Exhibitor

Autera Solutions


Autera Solutions will be exhibiting at the forthcoming Stress Testing USA Congress.

Sponsorship

Can your organisation contribute? 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. For more information on what we can offer, please contact sales@cefpro.com or call us on +1 888 677 7007 (US) where a member of the team will be happy to tailor the right package for you.

Media Partnerships

We are happy to support publications, associations and organisations at this event. From a simple company listing with your logo to taking advantage of some of our sponsor benefits listed above. To discuss a media partnership further please email james.marinos@cefpro.com or call +1 888 677 7007 (US)

CECL 2019 is closely linked to Stress Testing USA 2019 and is taking place the day after (November 8) in the same venue!
Why not extend your learning and attend both?
www.cefpro.com/cecl

8:00 Registrations and breakfast

8:50 Chair’s opening remarks

CURRENT PROGRESS
9:00 Benchmarking progress towards final implementation and executing the final program

  • Benchmarking progress
  • Final checks ahead of implementation
  • Ensuring sufficient data and system integrations
  • Transitioning from parallel runs
  • Impact of postponement on the industry
  • Implementation lessons learnt
  • Qualitative aspects of CECL and validation

Arnisa Abazi, Managing Director, head of wholesale stress testing and allowance, Citi

CCAR STRESS TESTING – PANEL DISCUSSION
9:30 Conducting CCAR stress tests and incorporating CECL for a comprehensive framework

  • Running multiple scenarios
  • Scope of stress testing and CECL allowance
  • BAU under each
  • Fundamental differences between stress testing and CECL
  • Conservatism in stress testing
  • Use of perfect foresight
  • Running CECL models as part of an end to end process
    • Assumptions for scenarios with perfect foresight
    • Building allowance in 9 quarter horizon

Michael Jacobs, Lead Quantitative Analytics and Modeling Expert, PNC
Kiran Yalavarthy,
Executive Vice President, Head of Credit and PPNR Modeling, Wells Fargo

10:20 Morning refreshment break and networking

DISCLOSURES & REPORTING
10:50 Understanding disclosure and reporting requirements and impacts on final accounting numbers

  • Methodology frameworks
  • Guidance for institutions with 2023 deadline
  • Balance between regulators and institutions
  • Changes to lending market after disclosure
  • Articulating numbers to stakeholders

Bill Collette, Director, Product Management, Wolters Kluwer
Will Newcomer, Vice President of Product and Strategy, U.S. Risk & Compliance, Wolters Kluwer

11:30 Reviewing the use of new technologies such as AI and machine learning for data analysis and process automation

  • Data quality assessment
  • Scenario generation
  • Model Development and Benchmarking
  • Process Automation and Efficiency

Lourenco Miranda, Managing Director, Regional Head of Model Risk Management, Société Générale

12:30 Lunch break and networking

FORECASTING
1:30 Forecasting over extended time horizons and reviewing effectiveness across product offerings

  • Different products with different maturity dates
  • Products with no maturity dates
    • Choosing a reasonable and supportable forecasting period
  • Accuracy of scenarios under longer time horizons
  • Two-year consensus emerging as industry standard
  • Moving to baseline economic forecast
  • Deciding weight for scenarios every quarter
  • Applying scenarios to loans

Arsa Oemar, Director, Wholesale Credit Model Risk Management, MUFG

FBO IMPLEMENTATION – PANEL DISCUSSION
2:10 CECL implementation for FBOs: Leveraging IFRS 9 for CECL

  • Challenges and additional build for CECL
  • Transitioning to CECL framework
  • Decisions on scenario design for transition matrix
  • US specific output
  • Defining ECL
  • Converging methodology across the industry

Kuo-Chang Lu, CECL – Head of Strategic Planning and Business Engagement, RBC
Mohit Dhilon, Senior Director, Quantitative Analytics, Barclays

3:00 Afternoon refreshment break and networking

MODEL RISK
3:30 Managing increased model risk and validation requirements ahead of CECL implementation and ensuring sufficient data

  • Adhering to accounting and regulatory expectations
  • Testing to see value out of models
  • Validating assumptions
    • Impact of results on financial statements
    • Transparency of assumptions
    • Minimising impact on business
    • Reviewing feasibility and pricing of businesses
  • Ensuring soundness of methodology
  • Testing and implementation of models
  • Versatility of platform to perform calculations
  • Ensuring sufficient data to validate assumptions
  • Ensuring data feeds correctly to model
  • Granularity of data collection
  • Maintaining characteristics for loan loss data
  • Changes to collection for loan level modeling

Ken Fu, Managing Director and Senior Vice President, Corporate Model Risk Management, Wells Fargo

MODEL IMPLEMENTATION AND EXECUTION
4:30 CECL model implementation and execution: 1st line model validation / risk management and running alongside stress tests in a cohesive framework

  • Process verification & assessment
  • How the models are run
  • Technology challenges
  • Interaction with IT and model development
  • Putting models into production
  • Controls around processes
  • Macroeconomic variables & scenario generation
  • Model testing – attribution analysis and assessment of reasonableness
  • Integrating to achieve targeted objectives
    • Limiting over burdening current stress testing processes

Michael Jacobs, Lead Quantitative Analytics and Modeling Expert, PNC

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

21st October 2019

Integration of stress testing with financial planning and driving strategic decisions

By Venkat Iyer, Director of PPNR Forecasting, Santander The insights in this article are not necessarily representative of Santander
21st October 2019

How to leverage stress testing for strategic and competitive advantage

By Ty Lambert, Chief Data Analytics Officer, BancorpSouth
4th October 2019

CECL model implementation and execution: 1st line model validation / risk management and running alongside stress tests in a cohesive framework

By Michael Jacobs, Lead Quantitative Analytics and Modeling Expert, PNC
23rd September 2019

CECL implementation for FBOs: Leveraging IFRS 9 for CECL

By Kuo-Chang Lu, Head of Strategic Planning and Business Engagement, RBC
11th September 2019

Next generation of Stress Testing: Using as a tool and BAU integration

By Liang-Khoon Koh, Director Stress Testing, Silicon Valley Bank
29th August 2019
Top 3 Investment Priorities

Top 3 investment priorities according to FinTech Leaders 2019 Report

9th May 2019

Aligning risk management and strategic planning

By Fabrice Fiol, MD, Deputy Head of ERM, Societe Generale
1st April 2019

Increasing cyber resilience and BCM in an advancing threat landscape

By Russell Sommers, Senior Manager, Baker Tilly
12th March 2019

Credit risk modeling: Leveraging technology advances for enhanced credit risk modelling

By Shannon Kelly, SVP, Director, Model Risk Management, Zions Bancorp
12th March 2019

Collecting and storing quality data for CECL model requirements

By Shannon Kelly, SVP, Director, Model Risk Management, Zions Bancorp
31st January 2019

CECL – Initial impact analysis: How to successfully action a parallel run and action on decomposing impact

By Daniel Hong, VP, CECL Wholesale Credit Implementation Lead, HSBC
29th January 2019

CECL – Managing increased sensitivity to macros assumptions across loss forecast models

By Chris Varvares, Vice President and co-head of US Economics, Macroeconomic Advisers, IHS Markit
2nd January 2019

Bringing it all together: Aligning stress testing, capital planning and CECL

By Stephen Hsu, SVP, Head of Model Risk Management, Pacific Western Bank
11th December 2018

Center for Financial Professionals announces new FinTech Research and Advisory Board

Senior practitioners across the financial services industry join FinTech Advisory Board for the Global FinTech 250 Report set to be released at the X-Tech 2019 Convention […]
29th October 2018

Developing a Holistic and Transparent Critical Spreadsheet Evaluation Process for Stress Testing

By Diane Robinette, President and CEO, Incisive Software Corporation & Janine Jakubauskas, Financial Regulatory Manager, Signature Bank
26th October 2018

Forward economic guidance in CECL and impact on CCAR

By Prasoon Saurabh, Head of Scenarios and PPNR Modelling, HSBC
15th October 2018

Risk Webinar: Stress testing for competitive advantage beyond regulatory compliance

15th October 2018

Stress Testing – Holistic firmwide risk assessment

By Fabrice Fiol, Managing Director, Societe Generale
8th October 2018

Loan default analysis: A CECL case study and beyond

By Guo Chen, PhD, Director, Quantitative Research, ZM Financial Systems
5th October 2018

Stress Testing – Aligning with regulatory expectations while meeting business needs to ensure relevant outcomes

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

Venue

DoubleTree by Hilton Hotel Metropolitan
569 Lexington Avenue
New York
NY 10022
USA

Book Here

Earn up to 15 CPE Credits for the two-day Course.

  • 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

Please note these are subject to change as per the agenda and final credits will be available after the event.

CPE Credits

To claim your CPE Credits please contact
info@cefpro.com or call +1 888 677 7007

Can I present at Stress Testing USA?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at the Congress. For further information on this please contact alice.kelly@cefpro.com

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 day One, full access to the Congress sessions and exhibition area. Presentations from sessions are also available, subject to speaker approval.

Where can I find the Congress documentation and speaker presentations?

All registered attendees will receive an email with access to documentation and speaker presentations*

All available documentation will be provided after the Congress has taken place. However we will work with our presenters to make these available before the Congress where possible.

*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
  • Drinks reception at the end of the first day of the Congress (subject to confirmation)
  • Q&A, panel discussions and audience participation technology at the event and during the sessions
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 organization
  • The lowest registration will be discounted
Are there opportunities to share my thought-leadership at Stress Testing USA?

Yes there are plenty of opportunities for the Center for Financial Professionals to share thought-leadership to the attendees of Stress Testing USA and our wider risk professionals community.

At the event
We can distribute your material to the attendees or even offer you an exhibition booth so that you may enjoy a more prominent presence at the Congress. Visit the Sponsor tab for further information or contact sales@cefpro.com / +1 888 677 7007.

Risk Insights
Feature your content on our Risk Insights website and supporting Risk Insights monthly newsletter. For further information please download our media pack here.

Are media partnerships available for Stress Testing USA?

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 sophie.goodeve@cefpro.com or call +1 888 677 7007.

Representing a financial institution
(E.g. Bank, Insurance company, Asset Manager, Regulator)

2020 Pre-Agenda Rate

$999

Representing an information/service provider
(E.g. Consultant, Vendor, Executive Search Firm, Law Firm)

2020 Pre-Agenda Rate

$1699

Group Bookings:

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

Other Ways to Register

1. Register by Email

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

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

2. Contact Us Directly

+1 888 677 7007 (US)

3. Download PDF Registration Form

2019 Co-Sponsors

CECL Sponsor

2019 Exhibitor

Can your organization contribute at the Stress Testing 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 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.

#StressTestingUSA

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