Description
Instructor
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 Course 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