A practitioners perspective on CECL
What is covered?
In this session, two seasoned industry practitioners will perform a beginning-to-end overview of CECL implementation. The discussion begins with a review of the standard, contrasting interpretations of the standard, and the associated challenges. A methodological overview will be provided to tailor the appropriate analytical solution to the needs and constraints of your firm. Finally, in terms of CECL implementation, the pros and cons of internally built solutions will be discussed in the context of the variety of vendor and consulting solutions that are available.
SVP, Head of Quantitative Risk Analytics
Steve is Senior Vice President and head of Quantitative Risk Analytics at Regions Bank, where his current responsibilities focus on quantitative aspects of forecasting and stress testing, risk ratings, valuation, reserve methodologies, economic capital, portfolio construction, credit strategy and credit portfolio management. Steve has 20 years of industry experience in quantitative modelling and risk management and has prior experience building portfolio management and analytics infrastructure at Merrill Lynch, Bank of Montreal and ABN AMRO. Steve has a Ph.D. in applied physics from Northwestern University, a B.S. in physics from University of Colorado in Boulder, and has held Series 7 and Series 63 certifications.
Head of Risk Analytics, EVP
Soner Tunay is currently an SVP and the H11ead 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.