What You'll Learn
It’s important to make sure that your CECL model is validated by a third party, and auditors will be looking for this now that the first fiscal year-end under CECL is upon us. While a validation project may not be a major internal undertaking, CECL is new and therefore validation experience is often difficult to find, so you’ll want to get things moving if you haven’t already.
This webinar will cover the validation process, performing the required review of the model for conceptual soundness, outcomes analysis and ongoing monitoring as well as evaluating governance, segmentation, prepayments, and any other assumptions that form part of the quarterly process. In addition, the speaker will discuss how to effectively perform sensitivity testing and reviewing qualitative-factor frameworks and data transformations.
Topics Include:
- Regulatory requirements of CECL
- Effective Model Validation
- Validation process
- Monitoring and governance
- Qualitative-factor frameworks
Who Should Attend?:
- Risk Management
- Lending/Credit
- Internal Audit
- Compliance
- Information Security/Technology
- Executive Management
*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
About the Author:
Ian McCready is a Director in the Disputes, Claims, & Investigations group. He has over 17 years of experience in risk, with expertise in forensic investigations, cross-border insolvencies, turnaround and restructuring situations, credit risk management, and regulatory compliance. He specializes in advising lending institutions on complex matters regarding both distressed and regulatory issues. He has advised private investment funds, wholesale banks, community banks, credit unions and insurers on topics such as distressed workouts, the CECL standard, stress testing, credit modeling, and compliance. Prior to joining Stout, Mr. McCready served as a subject matter expert at Moody’s Analytics, restructured the credit risk department for a Bermuda based bank, and was a member of the wind-down team for the commercial loans portfolio during the Lehman Brothers bankruptcy.
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