To register click: here
| About the Summit: The NC State Financial Mathematics Program along with Industry Leaders and Regulators have organized this summit. The Financial Mathematics Program is deeply invested in Credit Risk Modeling and, along with industry leaders, intends to provide a platform to assist Lenders (Banks, Credit Unions, and Others) tackle this transition to FASB’s CECL Account Standards. | When you attend this Premier Event you will gain: – CECL updates from Legislative and Regulatory Officials – A case study on CECL calculations – Expert insight into CECL implementation and modeling |
Topics to be Addressed
CECL UPDATES Legislative and regulatory updates
MODELING Modeling criteria for various asset classes
RISKDiscussions on risk assessment and segmented capital modeling
CASE STUDYCECL Calculation and estimation
Featured Speakers
| Tyler Haymore Senior Legislative Assistant to the Honorable Ted Budd (NC-13), Ranking Member of the U.S. House Committee of Financial Services | Christine Jung Professional Accounting Fellow Board of Governors Federal Reserve System | Amanda Freedle Senior Policy Advisor Office of the Comptroller of the Currency | John Lyons Director Accounting Advisory Services KPMG |
| Michael Umscheid Founder and CEO ARCSys | Neekis Hammond Managing Director Advisory Services Abrigo | Scott Dietz Director Regulatory and Accounting Solutions Moody’s Analytics | Thomas Caragher Director Product Management ZM Financial Systems |
| Murilo Brizzotti Principal Industry Advisor SAS | Jeff High Professor of Practice NCSU Department of Mathematics |
Confirmed Participating Organizations
| Abrigo AICPA ARCSys BB&T CFA Institute Citi Group Connexin Group LLC Credit Suisse Dixon Hughes Goodman Elliot Davis Enova Financial Federal Reserve System | FDIC: Federal Deposit Insurance Corporation Financial Risk Group First Citizen’s Bank Genworth GARP IAQF KPMG Local Government Federal Credit Union Moody’s Analytics NC State Dept. of Mathematics | North Carolina Office of the Commissioner of Banks Office of the Comptroller of the Currency PrecisionLender SAS Self-Help Credit Union Skema School of Business South State Bank U.S. Bank Vizo Financial Corporate Credit Union ZM Financial Systems |
Tentative Agenda
Day One, Thursday, April 11th, 2019
| 14:30 -14:50 | Registration |
| 14:50 -15:00 | Opening Remarks Speaker Dr. Tao Pang Director, Financial Mathematics Program, NC State |
| 15:00 – 15:35 | CECL Accounting Standards Update Speaker: John Lyons, KPMG |
| 15:45 – 16:25 | Update from the Board of Governors of the Federal Reserve Bank Speaker: Christine Jung, Board of Governors of the Federal Reserve System (FRB) |
| 16:30 – 17:10 | Update from the Office of the Comptroller of the Currency Speaker: Amanda Freedle, Senior Policy Advisor at Office of the Comptroller of the Currency (OCC) |
| 17:15 – 18:00 | Moderated Workshop – Calculation Methodologies Speakers: Thomas Caragher, Director Product Management OnlineCECL, ZM Financial Systems Jeff High, Professor of Practice, NCSU Department of Mathematics |
| 18:00 – 19:30 | Evening Reception |
Day Two, Friday, April 12th, 2019
| 8:00 | Breakfast |
| 8:40 – 9:00 | Welcome Remarks John Blondin, Senior Associate Dean, College of Science, NC State Duane Larick, Senior Vice Provost for Academic Strategy and Resource Management, NC State |
| 9:00 – 9:30 | Legislative Update Speaker: Tyler Haymore, Senior Legislative Assistant to the honourable Ted Budd (NC-13), Member of the U.S. House Committee on Financial Services |
| 9:35 – 10:05 | Risk & Finance Integration – Robust Methodology for a Holistic Approach to CECL and Stress Testing Speaker: Murilo Brizzotti, Principal Industry Advisor, SAS |
| 10:10 – 10:40 | T-9: Lessons Learnt from Bigger Banks along with Calculation Methods (Full life cycle, Vintage, etc.) Speaker: Scott Dietz, Director Regulatory and Accounting Solutions, Moody’s Analytics |
| 10:50 – 11:20 | Practical Application: How ~20% of FI’s < $50B are Addressing CECL Speaker: Neekis Hammond, Managing Director – Advisory Services, Abrigo |
| 11:30 – 12:30 | Case Study: Putting it All Together. Pooling, Segmentation, and Allowance Optimization Speaker: Michael Umscheid, Founder and CEO ARCSys |
| 12:30 – 14:00 | Lunch |
Program Committee
| Edward Bayer Managing Director, KPMG, US | Jared Bogacki Funds Management Model Development Manager, BB&T | Srinivasan Iyer Director, Risk Delivery Advisory, SAS |
| Deanna Hart SVP, Director, Corporate Accounting, First Citizens Bank | Wei Chen Director, Stress Testing Solutions, SAS | Laurent Birade Senior Director, Current Expected Credit Loss SME, Moody’s Analytics |
| Michael Fadil EVP, Citizens Bank | Adrian Savic Director, KPMG, US |
Resources
| Session | Author | Link |
| Update from the Board of Governors of the Federal Reserve Bank | Christine Jung | here |
| Update from the Office of the Comptroller of the Currency | Amanda Freedle | here |
| Calculation Methodologies | Thomas Caragher | here |
| Lessons Learnt from Bigger Banks along with Calculation Methods (Full life cycle, Vintage, etc.) | Scott Dietz | here |
| Logisitic Regression and Transition Matrix to Calculate PD | Xiangan Lin, Zezhou Wang, Alex Tunnell, Shiran Jia | here |
| Machine Learning in Credit Risk Modeling Poster | Yu Chen, Amoolya Prakash, Jingjing Zhan, Zhehong Zhu | here |
| Calculation Methodology: Vintage Analysis Poster | Deepak Punjabi,Xiangqi Ling, Xinyi Chen | here |
| Evolution of CECL Poster | Yuhong Fu, Ran Dai, Ruoyu Qi | here |
Registration
Registration fee of $100.00 per person.
Click here for registration
Venue
Park Alumni Center
Dorothy and Roy Park Alumni Center
2450 Alumni Drive Raleigh, NC 27606
https://parkcenter.ncsu.edu/
Hotel Accommodations
- Stateview Hotel (https://www.stateviewhotel.com/rooms/). Property is on the campus and only a 3 minute walk from the event’s venue.
- Holiday Inn Express & Suites Raleigh SW NC State (https://www.ihg.com/holidayinnexpress/hotels/us/en/raleigh/rdugs/hoteldetail). Property is a 6 minute drive from the event’s venue.
Professional Development Credits
- ERP/FRM Holders attending this summit qualify for 5.75 GARP Continuing Professional Development (CPD) credits.
- For CPAs seeking CPE Credit, please contact your state boards or other entities to which you report to determine the specific requirements.
Organizing Committee Chair
Dr. Tao Pang, CFA, FRM
Director, Financial Mathematics Program
North Carolina State University
tpang@ncsu.edu
Event Delegate Manager
Rohit Khurana, FRM
rkhuran@ncsu.edu
+1 213-265-4889
Media Sponsors
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