September 30 Webinar: Machine Learning in Model Validation
Consulting Partner, Risk and Regulatory Compliance Strategic Initiative, Tata Consulting
August 12 Webinar: Good Models, Bad Scenarios? Delinquency, Forbearance, and COVID
Recorded: August 12th | 1:00 p.m. EDT
Business-as usual macroeconomic scenarios that seemed sensible a few months ago are now obviously incorrect. Off-the-shelf models likely need enhancements. How can institutions adapt?
Credit modelers don’t need to predict the future. They just need to forecast how borrowers are likely to respond to changing economic conditions. This requires robust datasets and insightful scenario building.
Let our panel of experts walk you through how they approach scenario building, including:
- How mortgage delinquencies have traditionally tracked unemployment and how these assumptions may need to be altered when unemployment is concentrated in non-homeowning population segments.
- The likely impacts of home purchases and HPI on credit performance.
- Techniques for translating macroeconomic scenarios into prepayment and default vectors.
Featured Speakers
Webinar: Data Analytics and Modeling in the Cloud – June 24th
On Wednesday, June 24th, at 1:00 PM EDT, join Suhrud Dagli, RiskSpan’s co-founder and chief innovator, and Gary Maier, managing principal of Fintova for a free RiskSpan webinar.
Suhrud and Gary will contrast the pros and cons of analytic solutions native to leading cloud platforms, as well as tips for ensuring data security and managing costs.
Click here to register for the webinar.
Webinar: Managing Your Whole Loan Portfolio with Machine Learning
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Managing Your Whole Loan Portfolio with Machine Learning
Whole Loan Data Meets Predictive Analytics
- Ingest whole loan data
- Normalize data sets
- Improve data quality
- Analyze your historical data
- Improve your predictive analytics
Learn the Power of Machine Learning
DATA INTAKE — How to leverage machine learning to help streamline whole loan data prep
MANAGE DATA — Innovative ways to manage the differences in large data sets
DATA IMPROVEMENT — Easily clean your data to drive better predictive analytics
LC Yarnelle
Director – RiskSpan
LC Yarnelle is a Director with experience in financial modeling, business operations, requirements gathering and process design. At RiskSpan, LC has worked on model validation and business process improvement/documentation projects. He also led the development of one of RiskSpan’s software offerings, and has led multiple development projects for clients, utilizing both Waterfall and Agile frameworks. Prior to RiskSpan, LC was as an analyst at NVR Mortgage in the secondary marketing group in Reston, VA, where he was responsible for daily pricing, as well as on-going process improvement activities. Before a career move into finance, LC was the director of operations and a minority owner of a small business in Fort Wayne, IN. He holds a BA from Wittenberg University, as well as an MBA from Ohio State University.
Matt Steele
Senior Analyst – RiskSpan
Webinar: 2020 — Entering The Decade of Data & Smart Analytics
webinar
2020 — Entering The Decade of Data & Smart Analytics
Prepare for the decade where data and analytics become the driving force behind successful investment management
For the first time in decades, Structured Finance is poised to join the rest of the financial sector in adopting new tech solutions. Deal cycles are shrinking from 3 weeks to as little as 2 days. Consequently, the market’s demand for granular collateral data has never been stronger. Accuracy and consistency are paramount. The new decade promises major advances in technology around data supporting investment best practices. Will you be ready to adopt them?
Join industry veterans and RiskSpan executives Bill Moretti, Suhrud Dagli, and Bernadette Kogler for our latest webinar, 2020: Entering The Decade of Data & Smart Analytics.
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Key Topics:
- Automation – How can you join asset managers aggressively seeking yield through automation?
- Prioritization – Which new tech will have the biggest impact on your workflow?
- Fit – How will you fit into the new Structured Finance ecosystem for the next decade?
- Resistance – What has prevented the industry from adopting new tech in past decades? What has changed?
About The Hosts
Bernadette Kogler
CEO
Bernadette is co-founder, board member, and the Chief Executive Officer of RiskSpan. She is also co-founder of SmartLink Lab, RiskSpan’s innovation lab developing blockchain applications in lending and structured finance. Bernadette is an entrepreneurial leader focused on leveraging emerging technology for the advancement of data analytics and business process in the lending and structured finance markets. She leads the company’s long-term vision and strategy bringing deep expertise across the entire lending lifecycle. She is a seasoned executive and has spent most of her career focused on analytics, risk management and technology applications that provide strategic advantage to clients. Bernadette was previously with KPMG’s Mortgage and Structured Finance Practice and started her career with Prudential Insurance Company. She holds a BS in Finance from Villanova University and an MBA from Seton Hall University.
Suhrud Dagli
CTO
Suhrud is a co-founder, board member, and the Chief Technology and Innovation Officer of RiskSpan. He is also co-founder of SmartLink Lab, an innovation lab developing blockchain applications for structured finance and the capital markets. Suhrud is one of the industry’s most respected experts in mortgage and structured product technology and leads RiskSpan’s technology strategy including the company’s SaaS offering, open source and API strategies. He is also responsible for RiskSpan’s advanced technology incubations including machine learning applications and applications developed with blockchain. Suhrud has spent his career developing solutions for the capital markets. Formerly he was Head of System & Analytics at Greenwich Capital and Head of Analytics and Model Development for UBS. Suhrud holds an MS in Computer Science from Pennsylvania State University and a BS in Electrical Engineering from VJTI, Bombay India.
Bill Moretti, CFA, CPA, FRM
Senior Managing Director
Bill Moretti has over 30 years of experience identifying business opportunities and developing creative investment strategies & solutions for the Structured Finance industry on both the buy- and sell-sides. Bill’s expertise covers all sectors within structured finance including Agency Residential Mortgage Backed Securities (RMBS), Non-Agency RMBS, Asset Backed Securities (ABS), Collateralized Loan Obligations (CLO’s), and Commercial Mortgage Backed Securities (CMBS). In his new role as a Senior Managing Director and Lead of the Innovation Lab with RiskSpan, Bill with be focused on applications of machine learning, AI and Blockchain to improve efficiencies in lending, structured finance and the investment process. Bill holds a Bachelors of Business Administration (BBA) from Pace University in New York, NY, as well as CPA, CFA, and FRM designations.
Webinar: Applying Model Validation Principles to Anti-Money Laundering Tools
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Applying Model Validation Principles to Anti-Money Laundering Tools
This webinar will explore some of the more efficient ways we have encountered for applying model validation principles to AML tools, including:
- Ensuring that the rationale supporting rules and thresholds is sufficiently documented
- Applying above-the-line and below-the-line testing to an effective benchmarking regime
- Assessing the relevance of rules that are seldom triggered or frequently overridden
About The Hosts
Timothy Willis
Managing Director – RiskSpan
Timothy Willis is head of RiskSpan’s Governance and Controls Practice, with a particular focus on model risk management. He is an experienced engagement manager, financial model validator and mortgage industry analyst who regularly authors and oversees the delivery of technical reports tailored to executive management and regulatory audiences.
Tim has directed projects validating virtually every type of model used by banks. He has also developed business requirements and improved processes for commercial banks of all sizes, mortgage banks, mortgage servicers, Federal Home Loan Banks, rating agencies, Fannie Mae, Freddie Mac, and U.S. Government agencies.
Susan Devine, Cams, CPA
Senior Consultant – Third Pillar Consulting
Susan has more than twenty years of experience as an independent consultant providing business analysis, financial model validations, anti-money laundering reviews in compliance with the Bank Secrecy Act, and technical writing to government and commercial entities. Experience includes developing and documenting business processes, business requirements, security requirements, computer systems, networks, systems development lifecycle activities, and financial models. Experience related to business processes includes business process reviews, security plans in compliance with NIST and GISRA, Sarbanes Oxley compliance documents, Dodd-Frank Annual Stress Testing, functional and technical requirements for application development projects, policies, standards, and operating procedures for business and technology processes.
Chris Marsten
Financial and Data Analyst – RiskSpan
Chris is a financial and data analyst at RiskSpan where he develops automated analytics and reporting for client loan portfolios and provides data analysis in support of model validation projects. He also possesses extensive experience writing ETL code and automating manual processes. Prior to coming to RiskSpan, he developed and managed models for detecting money laundering and terrorist activity for Capital One Financial Corporation, where he also forecasted high-risk customer volumes and created an alert investigation tool for identifying suspicious customers and transactions.
Webinar: Basics of the Reference Rate Transition
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Basics of the Reference Rate Transition
In June 2017, the ARRC announced the Secure Overnight Financing Rate (SOFR) as its recommended alternative rate, replacing LIBOR by the end of 2021.
Learn from RiskSpan experts Tom Pappalardo and Pat Greene the current industry standard for LIBOR, the possible challenges with SOFR, and how to mitigate your risk.
About The Hosts
Tom Pappalardo
Managing Director
Thomas Pappalardo is head of RiskSpan’s Data, Modeling and Analytics Consulting Practice and has 20+ years of broad experience in mortgage technology, finance and operations and retail banking industries. He is an experienced engagement manager, data and business requirements lead, business process and internal controls analyst and financial model validator. At RiskSpan, Tom has led multiple client engagements supporting the development of analytical applications, reengineering of business processes, validation of financial models and development of model risk management policies for the GSE’s (Fannie Mae, Freddie Mac, Federal Home Loan Banks), commercial banks, mortgage banks and non-bank servicers.
Patrick Greene
Senior Managing Director
Patrick Greene currently supports consulting and advisory services provided by RiskSpan for clients implementing securitization activities. In addition, he has delivered technology solutions and provided financial model validation support to multiple RiskSpan clients whose business practices rely on credit models, interest-rate models, prepayment models, income simulation models, counter-party risk models, whole loan valuation models, and bond redemption forecasting models. Pat is an experienced executive who has been responsible for the management of a leading asset securitization program for a national financial institution.
Webinar: Building and Running an Efficient Model Governance Program
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Building and Running an Efficient Model Governance Program
Join RiskSpan Model Governance Expert Tim Willis for a webinar about running an efficient program. This webinar will cover essential elements of a model risk management policy including how to devise policies for open-source models and other applications not easily categorized. They’ll discuss best practices for building and maintaining a model inventory, tips for assigning appropriate risk ratings to models and determining validation frequency.
About The Host
Timothy Willis
Managing Director – RiskSpan
Timothy Willis is head of RiskSpan’s Governance and Controls Practice, with a particular focus on model risk management. He is an experienced engagement manager, financial model validator and mortgage industry analyst who regularly authors and oversees the delivery of technical reports tailored to executive management and regulatory audiences.
Webinar: CECL – The Requirements & Options For Credit Unions
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CECL – The Requirements & Your Options For Credit Unions
In this webinar, learn from the new current expected credit losses methodology (CECL) experts, David Andrukonis, from RiskSpan, and Graham Dyer, from Grant Thornton about considerations specific to credit unions.
They will cover:
- Accounting requirements and recent updates from the Financial Accounting Standards Board (FASB) Transition Resource Group
- Proxy data options with specific data sources for each asset class
- Proxy data options with specific data sources for each asset class
About The Hosts
Dave Andrukonis
Manager – RiskSpan
David Andrukonis has technical and managerial experience in banking, credit risk, and valuation. David leads the development of RiskSpan’s CECL Application, covering a variety of asset classes and model types. He has also led the development of specialized credit risk models such as structural credit risk models for shipping finance. He has performed non-traditional ABS valuations and validated a wide range of financial forecasting models, including models that estimate return on equity, asset/liability valuations under varying market interest rate scenarios, and loan losses.
Prior to joining RiskSpan, he managed the credit risk department at WashingtonFirst Bank, where he developed underwriting methodologies and stress tolerance models for diverse private firms and commercial real estate.
Graham Dyer
Partner – Grant Thornton, Member – FASB’S CECL Transition Resource Group (TRG)
Graham currently consults with Grant Thornton’s clients and audit teams regarding technical accounting and auditing matters, with a focus on issues impacting financial services entities.
His background includes the National Professional Standards Group at Grant Thornton and serving as a Professional Accounting Fellow in the Office of the Chief Accountant at the OCC. Graham is also a member of the FASB’s CECL Transition Resource Group (TRG) and the IASB’s IFRS 9 Impairment Transition Group (ITG).
Webinar: Credit Stress Testing Portfolio Exposure to COVID-19
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Credit Stress Testing Portfolio Exposure to COVID-19
Learn how experienced portfolio managers apply stress scenarios to unprecedented events.
Very few models are built to contemplate the impact of a 20-percent unemployment rate. And those that are don’t have enough data to be trustworthy.
Building, selecting, and applying appropriate stress scenarios to a portfolio is challenging under the best of circumstances. It becomes even more perilous when people begin applying superlatives like unprecedented, unparalleled, and uncharted. Are we in 2008 again? 2001? The Great Depression? Some combination of all three? No one can really know for sure.
And so what is a portfolio manager to do?
Hear Bill Moretti, Faith Schwartz, Scott Carnahan, Amy Crews Cutts, and Bernadette Kogler as they discuss “Stress Testing Portfolio Exposure to COVID-19.”
Key Topics:
- General principles for assessing portfolio risk during a crisis
- Identifying an appropriate set of stress scenarios
- Concentration and sector-specific risks
About The Hosts
Bill Moretti
Senior Managing Director
Bill Moretti has over 30 years of experience identifying business opportunities and developing creative investment strategies & solutions for the Structured Finance industry. Bill’s expertise covers all sectors within structured finance including RMBS, Non-Agency RMBS, ABS, CLOs, and CMBS. He is now director and Lead of the SmartLink Innovation Lab.
Amy Crews Cutts
President, AC Cutts and Associates
Amy is President of AC Cutts and Associates, which advises clients on economic trends, public policy, and strategy relating to consumer credit, housing policy, auto lending and mortgage markets. She was formerly Senior Vice President at Equifax, where she was responsible for analytics and research relating micro and macro factors affecting the consumer. Amy has been widely published and quoted both during her time in academia and the private sector.
Faith Schwartz
President, Housing Finace Strategies
Faith Schwartz is the President of Housing Finance Strategies, a strategic advisory services firm. She is active on many industry boards and is known for having developed and led the HOPE NOW Alliance to unite the industry throughout the housing crisis.
Scott Carnahan
Senior Managing Director, FTI Consulting
Scott Carnahan is currently a Senior Managing Director in the Forensic & Litigation Consulting segment at FTI Consulting in Los Angeles. Scott has held leadership positions with Impac Mortgage and KPMG’s accounting, audit, and advisory practice.
Bernadette Kogler
CEO
Bernadette is co-founder, board member, and CEO of RiskSpan. Bernadette is focused on leveraging emerging technology for the advancement of data analytics and business process in the lending and structured finance markets. She is a seasoned executive and has spent most of her career focused on analytics, risk management and technology applications. Bernadette was previously with KPMG’s Mortgage and Structured Finance Practice and started her career with Prudential Insurance Company.
