Stress Testing USA 2015: DFAST Edition

Stress Test USA: DFAST Edition

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Stress Testing USA 2015:
DFAST Edition:
October 27-28

Key Highlights

Determine where the bar is for different sized institutions, how to utilize reources and find a comfort level for investment and process

Understand how to build an effective governance, control and challenge process

Develop stress testing into a long term, repeatable exercise for use beyond regulatory compliance

Assess how to effectively document the process

Best practices for building accurate models, PPNR modeling, credit loss models and modeling uncommon and non-traditional business activities

Learn how to manage model risk, validate models, set effective model risk buffers and effectively use vendor models

understanding the gains and losses for institutions on the verge of crossover

Key insights on building a system for effective data flow and reconciliation

Featuring More Than 20 Heads of Stress Testing

Robert Chan
Head of Stress Testing
City International Bank

Andrei Egorov
MD, Stress Testing
Charles Schwab

Ivo Antanov
Head of Portfolio Analytics
Silicon Valley Bank

Tom Villella
Director, Enterprise Risk Modeling
Astoria Bank

Tally Ferguson
Director, Market Risk Management
BOK Financial

Jeff Prelle
VP, Risk Modeling

Why Should You Attend?

“Reputational risk is a real challenge; the first time around the track, midsized banks want to
get the turns right.”

Frank Keating, President, American Bankers Association

In 2015, dozens of midsized banks in the US have been asked to follow suit of the major CCAR institutions and for the first time announce the results of the DFAST exercise, showing that they have enough capital and liquidity to withstand a deep recession and prolonged turmoil in financial markets.

CFP’s Stress Testing USA 2015: DFAST Edition Congress has been researched with DFAST institutions, ranging between $10 – 50 Bn in assets, and delivers thought-leadership, best practices and industry insight from more than 20 Senior Risk and Stress Testing practitioners.

Across two-days, participants will hear thought-provoking and insightful presentations and discussions addressing the key challenges being faced institutions subject to DFAST compliance.

Key challenges addressed for 2015 include:

  • Setting the bar for resource and investment levels
  • Controls, challenge and governance
  • Documentation
  • Model validation and development
  • Data flow and reconciliation
    and much more..

DAY ONE | October 27, 2015

08:00 Registration & Morning Coffee

08:55 Chair’s Opening Remarks

09:00 Setting The Bar: Utilizing Resources And Finding A Comfort Level For Investment And Process For DFAST Compliance
  • Determining where is the ‘bar’ for different sizes of institutions
    – $40 – 50bn
    – $20 – 40bn
    – $10 – 20bn
  • Understanding what processes have been built
  • Assessing the different institutional approaches and how to benchmark against peers
  • Creating an industry benchmark for DFAST
  • Analyzing the financial and human capital resource limitations
  • Reviewing the shift of the banks primary focus

John Fleshood, Chief Risk Officer, Wintrust Financial
Ivo AntonovHead of Portfolio AnalyticsSilicon Valley Bank
Jeffrey PrelleVP of Risk ModelingScottrade
Hammad Pirzada, Corporate Treasurer, The PrivateBank

09:45 Building An Effective Governance, Control And Challenge Process
  • Determining the expectations from the regulators
  • Gaining the appropriate “buy-in” from senior management
  • Understanding the roles and information flow for:
    • The Board
    • Executive and Management Oversight Committee
      • Stress Testing Oversight Committee
      • Capital Planning Committee
      • The Finance Committee
      • Model Risk
      • Risk departments
    • Documenting and reporting the process
    • Assessing the types of controls and function in place for testing and ongoing monitoring
      • Should this be done internally or externally
      • Who should conduct
      • Challenging and vetting
      • Self identify gaps
      • Setting milestones
      • Exporting knowledge for credible challenge

Robert Chan, Head of Stress TestingCity National Bank
Tally Ferguson,  SVP, Director of Market Risk ManagementBank of Oklahoma

11:05  Morning Refreshment Break & Networking

11:35 Developing Stress Testing Into A Long Term, Repeatable Exercise For Use Beyond Regulatory Compliance
  • Assessing what the regulators want to see
  • Analyzing the operational challenges
  • Putting in place the resources and retaining them
  • Leveraging the regulatory investment into value for the institution
  • Gaining buy-in from senior management
  • Adding value to the institution
  • Making the process more efficient, less resource intensive and more timely
  • Using stress testing for guiding and making effective business and strategic decisions
  • Determining the level of integration into current processes and how disjointed is stress testing from reserve and balance sheet models

Ivo Antonov,  Head of Portfolio Analytics, Silicon Valley Bank
Thomas Wang, Director, Dodd-Frank Act Stress Testing, Capital MarketsFannie Mae

12:55  Lunch Break & Networking

1:55 Assessing How To Effectively Document The Process
  • Understanding what pitfalls to look out for when documenting the process
  • Building a methodological approach
  • Making the process more time and resource efficient
  • Establishing how the process should be documented
    • Internal Vs. Technical Advisers
    • Documenting as the process runs
  • What should be explained
    • Purpose of the model
    • Data sources used by the model
    • Statistical techniques employed, mechanics of the model
    • Who runs it, own it and is accountable

Tally Ferguson,  SVP, Director of Market Risk ManagementBank of Oklahoma
Mark Grondahl,  SVP, Model Risk Management, TCF Bank
Ty Lambert,  Head of Treasury Analytics, BancorpSouth

2:40 Effectively Managing Model Risk And Validating Models
  • Determining what validation entails and what it should entail
  • Assessing the time horizons and resource pressures
  • Reviewing when the process should be done
  • Understanding how to document and how much explanation is required
  • Analyzing the scope of models that should be considered
    • Defining a model
    • Ensuring capture of all models
    • Assessing the process for reporting up to model risk management

Jeffrey Prelle, VP of Risk ModelingScottrade
Mark Grondahl, SVP, Model Risk Management, TCF Bank

4:00  Afternoon Refreshment Break & Networking

4:30 Setting Effective Model Risk Buffers And Overlays
  • Determining an effective framework for the buffer
    • Effectively measuring the buffer
    • Calculating
  • Understanding how to quantify
  • Calculating buffers for vendor models with limited information

Julien Lee,  VP, Model Validation, People’s United Bank

5:10 Effectively Using Vendor Models And Ensuring They Work For The Portfolio
  • Understanding how to make sure the model works for the portfolio
  • Is the model appropriate
  • What data was used to build the model
  • Assessing the underlying model
  • Evaluating what the problems are
  • Determining how to deal with uncertainties with limited information
  • Assessing how to spot model errors

Murat Doganaksoy, Model Risk OfficerFirst Republic Bank

5:50  End Of Day One

DAY TWO | October 28, 2015

08:00 Registration & Morning Coffee

08:55 Chair’s Opening Remarks

09:00 To Stay DFAST Or To Become CCAR: Understanding The Gains And Losses For Institutions On The Verge Of Crossover
  • Determining the additional expectations and how the ‘bar’ is raised for CCAR
  • Assessing the additional regulatory requirements that come with it including:
    • Liquidity
    • Volcker
    • Dodd-Frank
  • Planning for the jump and understanding how to execute such a plan
  • Sizing the additional costs and resource demands incurred
  • Analyzing where and why failures happen and how to avoid the pitfalls

Robert Chan, Head of Stress TestingCity National Bank
Anthony Donatelli, EVP, Director Enterprise Risk Management, New York Community Bancorp
Andrei Egorov, MD, Stress TestingCharles Schwab
Omer Samikoglu, Credit Stress Testing LeaderCIT Group

09:45 Best Practices For Building Accurate Models
  • Building a framework that is defensible
  • Determining the role of model developers and functional business units
  • Evaluating statistical techniques
  • Measures of model performance and validity
  • Gaining the right data for the right purpose
    • Internal data
    • External data

Ty Lambert, Head of Treasury Analytics, BancorpSouth

10:25 Morning Refreshment Break & Networking

10:55 Best Practices For PPNR Modeling
  • Understanding how sophisticated the approach should be
  • Determining which data should be used and the limitations
    • Internal
    • External
    • Data for mergers and acquisitions
    • How far back can and should the data go
  • Overcoming the modeling challenges
    • Incorporating management and strategic decisions
    • The sub components and non data driven areas of PPNR
    • What to do where data doesn’t represent
  • Determining what types of modelin techniques are being used to forecast balance sheet volumes
    • Internal models
    • Vendor models
  • Addressing operational losses within stress tests

Clifton Loo, Director, Model DevelopmentSynchrony Financial
Venkat Veeramani, SVP, Head of Quantitative Modeling and AnalyticsWintrust Financial

12:15 Lunch Break & Networking

 1:15 Building Models For Uncommon And Non-Traditional Business Activities On The Balance Sheet
  • Determining how to view risk on unsual asset classes
  • Assessing how to display to regulators and convincing regulators how to view the portfolio
  • Understanding how to model, capture and account within the portfolio
  • Overcoming the challenges of preconceived conception from regulators

Anthony Donatelli, EVP, Director Enterprise Risk ManagementNew York Community Bancorp

1:55 Benchmarking Credit Loss Models
  • Understanding what models are being used in what areas
  • Determining how to find, utilize, align and justify external data for an existing portfolio
  • Assessing the approaches used and what drives the factors

Tom Villella, Director, Enterprise Risk ModelingAstoria Bank

2:35 Afternoon Refreshment Break & Networking

3:05 Identifying Appropriate And Accurate Capital Triggers
  • Determining how to set the triggers quantitatively and qualitatively
  • Ensuring capital triggers are appropriate
  • Assessing what action to take and when

Christopher Dunn, SVP, Director of Asset Liability and Capital PlanningAssociated Bank
Bob May, Senior Director, Investor Relations & Capital ManagementSynovus

4:25 Building A System For Effective Data Flow & Reconciliation To Meet Requirements For Today And Tomorrow
  • Ensuring data consistency across reports, departments and users
  • Determining where the data needs to come from and who needs to access
    • Integrating and automating data accessibility
  • Understanding the current state and what are the requirements
  • Evaluating what will be required in the future
  • Improve the efficiency
  • Assessing the need for investment and at what level
  • Gaining additional data and handling limitations

Frederik Sziszak, VP, Treasury – Capital ManagementCIT

5:10 End Of Congress

Pre Congress Masterclass: The Heath-Jarrow-Morton (HJM) Model & Its use in Stress Testing

Hosted by: Kamakura Corporation

9:00am Introduction, course outline, key deliverables, objectives and takeaways
Suresh Sankaran

 9:10 Review of the HJM Model

Introduction & context Dr Robert Jarrow
Session Presenter Dr Donald R van Deventer
Comments, Q&A Dr Robert Jarrow, Dr Donald R van Deventer, Martin Zorn

10:20 Morning refreshment break and networking

 10:50 Key analytical steps in the HJM Model & its applicability in the Stress-Testing process

Introduction & context Dr Robert Jarrow
Session Presenter Martin Zorn
Comments, Q&A Dr Robert Jarrow, Dr Donald R van Deventer, Suresh Sankaran

12:00 Lunch break and networking

 1:10 Simulating Macro Factors forward

Introduction & context Martin Zorn
Session Presenter Dr Donald R van Deventer
Comments, Q&A Dr Donald R van Deventer, Martin Zorn


2:30 Measuring the significance of shifts In Monte Carlo results for VaR, Net Income and Cash Flow

Introduction & context Suresh Sankaran
Session Presenter Dr Donald R van Deventer
Panel discussion Dr Donald R van Deventer, Martin Zorn,
Moderator Suresh Sankaran

3:50 Afternoon refreshment break and networking

 4:20 Full Enterprise Risk Measures on A Transaction-Level calculation Basis

Introduction & context Dr Donald R van Deventer

Q & A moderator Suresh Sankaran

Comments Dr Robert Jarrow, Dr Donald R van Deventer, Martin Zorn

5:00 Close of Masterclass
About the Masterclass Leaders:

Donald Van Deventer
Donald R. van Deventer, Chairman & CEO

Donald R. van Deventer founded the Kamakura Corporation in April, 1990 and is currently Chairman and Chief Executive Officer. Dr. van Deventer’s emphasis at Kamakura Corporation is enterprise wide risk management and modern credit risk technology.

The second edition of his newest book, Advanced Financial Risk Management (with Kenji Imai and Mark Mesler) was published in 2013. Dr. van Deventer’s first book Financial Risk Management in Banking (with Dr. Dennis Uyemura, Probus Publishing, 1993) is one of the best known books in its field. He has served on the editorial board of the Journal of Credit Risk since 2005.

Dr. van Deventer holds a Ph.D. in Business Economics, a joint degree of the Harvard University Department of Economics and the Harvard Graduate School of Business Administration.

Martin Zorn
Martin M. Zorn, President and Chief Operating Officer

Martin joined Kamakura in January 2011 as Chief Financial Officer and Chief Administrative Officer and was recently appointed President and Chief Operating Officer.

Mr. Zorn is a twenty-one year veteran of Wachovia Bank. Mr. Zorn’s early years with Wachovia were spent in the systems and marketing departments before transitioning to corporate banking and corporate finance.

He created an emerging growth and technology practice while he was in the Research Triangle. His clients have ranged from global leaders such as Exxon, Shell, American Airlines and USAA to early stage technology start-ups.

Most recently he was an executive with two small cap turnarounds where he chaired the corporate asset and liability committee and was the executive liaison to the Board Audit and ALCO committees. In these roles he developed a framework for improved financial accountability, expense management and capital deployment through the use of forecasting, valuation, funds transfer pricing, capital allocation and line of business profitability models. He served as a member of the adjunct faculty at the University of Southern Indiana where he was an instructor in investments and business finance.

Mr. Zorn is a 1977 graduate of Vanderbilt University where he earned his Bachelor of Arts degree in economics. He pursued studies at the master’s level in finance at the University of Texas at Dallas and received his executive management certification in 1998 from Duke University’s Fuqua School of Business.

Robert Jarrow
Robert A. Jarrow, Managing Director

Professor Jarrow was named as Managing Director and Director of Research of Kamakura Corporation in February 1995. Dr. Jarrow is also the Ronald P. and Susan E. Lynch Professor of Investment Management at Cornell University’s S.C. Johnson Graduate School of Management where he has been a professor since 1979.

Dr. Jarrow is the recipient of numerous professional awards. In 2009 he was awarded Risk Magazine’s Lifetime Achievement Award. He was named to the Fixed Income Analysts Society Hall of Fame in 2004, the 50-person RISK Magazine Hall of Fame in December 2002, and International Association of Financial Engineers Financial Engineer of the Year in 1997. He is also a Senior Fellow of the International Association of Financial Engineers.

Dr. Jarrow is one of the world’s foremost authorities on mathematical finance. In the field of bond market dynamics and foreign exchange, he is an originator of the Heath-Jarrow-Morton (HJM) multi-factor interest rate term structure model. He also is a co-inventor of the reduced-form credit risk model, which is the primary framework for pricing and hedging credit derivatives.

Dr. Jarrow is the author of Option Pricing (with Andrew Rudd, Irwin 1983), Finance Theory (Prentice Hall 1988), Modelling Fixed Income Securities And Interest Rate Options (McGraw Hill 1995, 2nd edition Stanford University Press 2002), Derivative Securities (with Stuart Turnbull, South-western 1996, 2nd edition 2000), and Introduction to Derivative Securities, Financial Markets, and Risk Management (W.W. Norton 2013).

Dr. Jarrow is also the author or co-author of more than two hundred research articles on financial theory and investment management. In addition to his research, teaching and consulting activities, Dr. Jarrow also serves in an editorial capacity for many journals.

Dr. Jarrow received an A.B. in Mathematics and Management Science from Duke University, his M. B. A. in Finance from the Amos Tuck School of Business at Dartmouth College, and his Ph. D. in Finance with a minor in Economics from Massachusetts Institute of Technology.

Suresh Sankaran
Suresh Sankaran, Managing Director

Suresh, recently assumed the role of Managing Director, Advisory Services, of Kamakura Corporation where he heads, develops, and provides Enterprise Risk Management (ERM) and Basel II advisory consulting services to its clients worldwide. His work includes practical application of advanced financial analytics to solve crucial risk management issues, on assignments involving latest solutions in the field of financial engineering including advice on term structure models, valuation strategies, value at risk, and credit risk. He provides consultations to corporate entities and senior management on diverse issues as risk management practices, derivative valuation methods, and asset-liability management techniques.

Mr. Sankaran re-joined Kamakura Corporation from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, where he was Principal Operations Officer responsible for the development of risk management practices in the financial services sector in emerging markets. Previously at Kamakura as Co-Head, Europe, Middle East & Africa, he managed several projects to structure default probability estimates for retail banking portfolios, including the incorporation of user-specific variables into a credit scoring and default estimation framework, and including the testing of the statistical significance of selected variables. He has advised clients on customer behaviour modelling on retail banking products like mortgages for prepayments, and non-determinant deposits for early withdrawal. He has assisted several leading retail banks around the globe in the production of customer behaviour estimates to analyse their balance sheet mismatches.

Ivo Antonov
Head of Portfolio Analytics
Silicon Valley Bank

Ivo Antonov will be speaking at Stress Testing USA 2015: DFAST Edition.

Ralph Baxter

Ralph is responsible for corporate vision and projecting best practice in end user computing (EUC) within the business and advisor community. He pioneered ClusterSeven’s thought leadership in this technology sector. He brings an insider’s view of governance and compliance issues as a former committee member of ISSIG, the information security section of the Institute of Internal Auditors (IIA).

Ralph’s career has spanned 30 years in the technology and energy sectors, beginning with BP in the Far East. Ralph ran the external IT business and eCommerce of Lattice Group, (formerly part of BG Group and British Gas). He was also part of the founding team at Kirkland (now Dragon Oil). He holds a First Class degree in Natural Sciences from Churchill College, Cambridge University.

Robert Chan
Head of Stress Testing
City National Bank

As the Head of Stress Testing at City National Bank, Robert Chan leads City National’s Bank’s enterprise wide efforts for the annual DFAST submission, including coordinating efforts in process planning, model development, model validation, internal audit, documentation, governance and PPNR forecasting. Prior to working at City National Bank, he has worked in investment and corporate banking roles at Peter J. Solomon Company and BMO Capital Markets, respectively. Robert earned a Bachelor’s Degree in Economics and Master’s degree in Statistics from Harvard University and an MBA from the University of Chicago, concentrating in Analytic Finance and General Management.

Murat Doganaksoy
Model Risk Officer
First Republic Bank

Murat will be speaking at Stress Testing USA 2015: DFAST Edition.

Anthony Donatelli
EVP, Director Enterprise Risk Management
New York Community Bancorp

Anthony Donatelli will be speaking at Stress Testing USA 2015: DFAST Edition.

Christopher Dunn
SVP, Director of Asset Liability and Capital Planning, Treasury Division
Associated Bank

Christopher Dunn will be speaking at Stress Testing USA 2015: DFAST Edition.

Andrei Egorov
MD, Stress Testing
Charles Schwab

Andrei Egorov is a Managing Director in Charles Schwab’s Corporate Risk Management group where for the past 4 years he’s been involved in the development of enterprise-wide stress-testing framework. Before shifting his focus to stress-testing efforts Andrei was responsible for Charles Schwab’s interest rate risk reporting and net interest revenue forecasting.

Andrei is a seasoned Risk and Treasury professional with more than fifteen years of experience in asset/liability, interest rate risk, and liquidity management at financial institutions ranging from $700 million to $150 billion in assets. Prior to joining Charles Schwab in 2008, Andrei held positions of Treasurer at Columbia Credit Union (2006-2008) and Treasury Officer at Eastern Bank (1999-2006).

Andrei holds an MS in Finance (1998) from Sawyer School of Management at Suffolk University and an MS in Economics (1996) from the Peoples’ Friendship University of Russia.

Tally Ferguson
SVP, Director of Risk Management
Bank of Oklahoma

Tally Ferguson is currently the Director of Market Risk Management at BOK Financial, responsible for enterprise wide market risk monitoring, model risk analysis and validation and coordinating the corporate insurance program. Prior to coming to BOKF in 1996, Mr. Ferguson was a regulatory consultant for Ernst & Young and helped clients implement numerous regulatory initiatives including comprehensive risk management programs and interest rate risk initiatives. Mr. Ferguson got his introduction to banking as an examiner with the Federal Reserve Bank of New York, where he began in 1985 and progressed to Supervising Examiner by March of 1994. Mr. Ferguson has an undergraduate degree in Economics and Mathematics from Yale University and an Executive MBA from the Wharton School: He is a CFA charterholder and carries Series 7, 24, 63, 4 and 53 licenses. He is also an adjunct professor of finance at the University of Tulsa.

John Fleshood
Chief Risk Officer
Wintrust Financial

Mr. Fleshood is the executive vice president and chief risk officer overseeing the development and implementation of Wintrust’s enterprise-wide risk management and model risk management programs. He joined Wintrust Financial Corporation in 2005 and also serves on the board of Wintrust Information Technology Services. Previously, Mr. Fleshood served in various roles with Fifth Third Bancorp including Senior Vice President & Chief Financial Officer of the Chicago affiliate of Fifth Third Bank and Vice President and manager of the holding company treasury function. Mr. Fleshood has also served as Chairman of the ABA Graduate School of Bank Investments & Funds Management.

Mark Grondahl
SVP, Model Risk Management
TCF Bank

Mark Grondahl is currently the SVP – Model Risk Management at TCF Bank (a DFAST bank). Prior to this role, he led the Model Validation and Spreadsheet Analytics teams at Ally Financial, Inc. (formerly GMAC and a CCAR bank) from July 2007 through February 2014. His experience includes Operations Risk Management (GMAC/Ally), Internal Audit (GMAC, Conseco Finance), CFO Group (Thompson Reuters) and external auditing (Arthur Andersen). His education includes an undergraduate degree in Accounting, an MBA, an inactive CPA license.

Ty Lambert
Head of Treasury Analytics

Mr. Lambert joined BancorpSouth in 2006 and has served in a variety of roles including portfolio management, asset-liability management, investor relations, and model development/systems integration. His team is currently responsible for asset-liability management, liquidity risk management, and capital stress testing. In addition, Mr. Lambert plays an active role in strategic planning with respect to corporate budgeting and capital deployment. He has been a featured speaker at stress testing conferences and has served on American Banker’s Advisory Board for Stress Testing. Prior to joining BancorpSouth, Mr. Lambert was a portfolio manager for retail clients. He received his bachelor and MBA degrees from Mississippi State University and the University of Mississippi, respectively.

Julien Lee
VP, Model Validation
People’s United Bank

Julien Lee will be speaking at Stress Testing USA 2015: DFAST Edition.

Clifton Loo
Director, Model Development
Synchrony Financial

Clifton Loo will be speaking at Stress Testing USA 2015: DFAST Edition.

Bob May
Senior Director, Investor Relations and Capital Management

Bob May will be speaking at Stress Testing USA 2015: DFAST Edition.

Hammad Pirzada
Corporate Treasurer
The PrivateBank

Mr. Pirzada joined The Private Bank in March 2010 and serves as the Corporate Treasurer. Mr. Pirzada is responsible for funding and liquidity risk management, interest rate risk management, asset liability management, investment portfolio management, debt and equity capital transactions, capital planning, stress testing and Insurance. Prior to joining The Private Bank, Mr. Pirzada served as Vice President, Corporate Finance and Corporate Treasurer of TransUnion Corporation from May 2008. Prior to joining TransUnion, Mr. Pirzada was with LaSalle Bank, part of ABN AMRO Bank, where he held a variety of roles in Risk Management and Corporate Treasury, and as Senior Vice President, Corporate Acquisitions. He has been a speaker and panel member at industry and Federal Reserve conferences on liquidity and interest rate risk management, capital management and stress testing. He received an MBA in Analytic Finance and Economics from The University of Chicago.

Jeffrey Prelle
VP of Risk Modeling

Jeffrey Prelle will be speaking at Stress Testing USA 2015: DFAST Edition.

Ed Roberston
Co-Head & MD, Financial Institutions Group (FIG)

Ed Robertson, Managing Director and Co-Head – Financial Institutions Group at Situs, provides specific focus on M&A advisory and due diligence, loan portfolio advisory and due diligence, best practices consulting in finance and capital allocations, as well as data project aggregation and validation. He boasts more than 30 years of finance experience in the commercial, international, correspondent, mortgage and retail industry, as well as 15 years of experience as Chief Financial Officer of two Fortune 100 Commercial Bank divisions. Prior to joining the Situs team in 2013, Mr. Robertson headed the Commercial Loan Services Division at Clayton, where he developed and managed many large commercial loan engagements with the FDIC, Barclays Bank, Sovereign Bank, Union Bank and Columbia Bank. In 2007, Mr. Robertson joined Cerberus Capital Management as Chief Financial Officer of an operating company, Aegis Mortgage, ultimately leading the firm and its Executives through federal bankruptcy proceedings in Delaware. In 2001, Mr. Robertson spent five years as Chief Financial Officer of the Commercial Group at Washington Mutual, where he served as a key member of the Executive Team rationalizing the scope of the lending and then driving 175% asset growth in the core business lines from $20 billion to $55 billion over 3 years, while growing the net income by over 260%, to nearly $600 million with less than 0.25% in charge-offs. He later led the WM Special Servicing Group with over 450 employees, and oversaw the financial activities of the Home Loans Production and Origination Group. In 1995, Mr. Robertson joined Baclays Group, Latin America Region as the Chief financial Officer, as a key member of the Executive Team, driving asset growth from $2 billion to $8 billion over six years, while at the same time increasing net profit from $26 million to $102 million. During his tenure at Barclays, he led the complete turnaround of a $70 million Brazilian JV bank, as well as the development of a Data Warehouse and profitability system. Mr. Robertson received his BS in Business Administration from the University of Florida, and MBA from the University of Pittsburgh. In addition, he was awarded the Chartered Financial Analyst (CFA) designation.

Omer Samikoglu
Credit Stress Testing Leader
CIT Group

Omer Samikoglu will be speaking at Stress Testing USA 2015: DFAST Edition.

Frederik Sziszak
VP, Treasury – Capital Management
CIT Group

Frederik Sziszak will be speaking at Stress Testing USA 2015: DFAST Edition.

Venkat Veeramani
SVP, Head of Quantitative Modeling and Analytics
Wintrust Financial

Venkat is an Enterprise Risk Management professional experienced in areas that span from Risk Strategy, Risk Appetite, Credit and Market Risk Management to Financial Modeling. He is well versed with all areas of Enterprise Risk Management including Risk Identification, Measurement, Mitigation, Management, Validation and Reporting. He has previously worked at Morgan Stanley, Discover Financial Services (Spin-off from Morgan Stanley) and HSBC.

Venkat is a published author on articles related to game theory and risk management which were presented at numerous industry and trade conferences at both national and regional levels. Venkat holds a Ph.D. in Ag Economics and an M.S. in Economics from the University of Kentucky.

Venkat currently oversees the bank’s risk and financial modeling and quantification efforts.

Tom Villella
Director, Enterprise Risk Modeling
Astoria Bank

Tom Villella will be speaking at Stress Testing USA 2015: DFAST Edition.

Thomas Wang
Director, Dodd-Frank Act Stress Testing, Capital Markets
Fannie Mae

Thomas Wang will be speaking at Stress Testing USA 2015: DFAST Edition.

27th July 2015
Robert chan

Understanding The Gains And Losses For Institutions On The Verge Of Crossover and Building An Effective Governance, Control And Challenge Process

27th July 2015
Ty Lambert


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Sponsors & Media Partners

Gold Sponsor(s)


Gold Sponsor

+1 (212)-858-7792

ClusterSeven provides end-to-end model risk management for those firms where financial modelling is conducted across a range of technology platforms, particularly where these include a high usage of end user computing components such as spreadsheets.

Our clients use our solution to:

Reduce the risk of financial modelling and spreadsheet operations
Reduce the costs of model and spreadsheet maintenance
Provide transparency of modelling processes for business and technology transformations
Capture data derived from models and spreadsheets for reliable re-se such as reconciliations
Demonstrate appropriate controls to meet the demands of regulators for better model risk, data and end user computing management (e.g. SOX, Basel II/III, Solvency II, OCC Supervisory Guidance on Model Risk Management)
ClusterSeven’s clients are drawn from across the financial world and include one third of the top 30 global banks plus many leading names in investment management, insurance and energy services. ClusterSeven was founded in 2003 and established a New York office in 2006.


Gold Sponsor

Situs is a global provider of end-to-end commercial real estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, servicing and staffing solutions. Our projects vary in scope and size, but the work ethic that makes Situs a premiere solution provider is constant. We have evaluated over $1 trillion in commercial real estate, resolved over $50 billion in distressed CRE assets and has been the special servicer on over $100 billion of CRE loans. With our recent partnership with Stone Point Capital, Situs looks forward to continuing our legacy of history into a whole new era.

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To find out more about media partnership opportunities at Stress Testing USA 2015: DFAST Edition, please contact Jesse, senior marketing manager, at

Our Partners:

Asset Backed Alert
Excel in the New-Look Securitization Business
Every week, Asset-Backed Alert gives you the earliest word on money-making plays emerging from the transformed ABS and MBS markets. The newsletter makes sense of the changes impacting the securitization of consumer loans, home mortgages and corporate receivables. See for yourself by signing up for a three-issue FREE trial subscription to Asset-Backed Alert. Start your free trial at, or call 201-659-1700.

For further information, please visit:

All About Risk – the destination site for all things Risk! (AAR) brings together the suppliers and buyers in risk management, compliance and trading and is aimed squarely at the Financial Services and the Energy/Commodities trading markets. The key features of the site include; comprehensive vendor directories, risk events, risk jobs, daily news and a weekly newsletter. We also produce an AAR Risk Software and Services Report which is now in its 8th successful year.

For more information please contact Jane Stoll on +44 (0)20 7193 6737 or by email at or visit

• Better Regulation is a one point source of reference, which provides everything you need to know to assist you in compliantly running your business.
• Documents are consolidated to incorporate all amendments, with an easy way of seeing how each document has changed over time.
• Email alerts, regulatory calendars and comprehensive analysis keep you informed and up-to-date.

What do we cover?

All Financial Services Law within the UK, Ireland, EU, and International.

For a demonstration and Free Trial of Better Regulation please visit:

Bloomberg Brief
Published either daily or weekly, the Bloomberg BRIEF newsletters pull together the reporting, insight and analysis of senior editorial staff and dedicated economists to help you stay informed and ready for your daily business needs. They offer cutting-edge access to proprietary Bloomberg data and breaking stories that move markets. Bloomberg BRIEF newsletters are uniquely positioned to provide you with the scope, depth and market intelligence you need. 19 titles cover Economics, Hedge Funds, Private Equity, Risk, Financial Regulation, Healthcare, Oil and many more.

Visit to take your free trial and for more information is a leading international directory for worldwide conferences and exhibitions. is equipped with a unique and comprehensive search that helps you find easily any event in any category or location. Each event includes detailed information, like, description, dates, location, map, prices, link to the official event’s website and more…

If you search for a conference or exhibition in areas such as Industry and manufacturing, Health and medicine, Technology and IT, Business and finance, sciences, education, services (banking, insurance, tourism, Hospitality and more), government, environment, life style and arts, you’ll find it in

FTSE Global Markets
FTSE Global Markets provides coverage of people, firms, institutions and countries in both the developed and emerging markets. Every issue includes in-depth analysis of the key market issues for institutional investors. FTSE Global Markets is now the source that investment institutions and professionals active in the global equity, debt and alternative investment markets turn to when it really matters.

GlobalRisk Community
“The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of complex world of risk. – See more at: ”

The GRC Bluebook
TheGRCBlueBook is the internet’s largest online GRC risk knowledgebase featuring vendors from around the world, leading edge articles from risk practice leaders & academics, and a community site to network and share best practices.
TheGRCBlueBook is a free resource for risk and compliance professionals representing all highly regulated industries from healthcare, financial services, government, and aerospace to transportation. In return we ask that you share your experience using GRC vendors or your best practices with your peers on the site! That’s it!

Invite your peers to join you!

“We’ve done the homework now you write the reviews!”

For further information, please visit:

Hedge Fund Alert
Get the Fresh Lowdown on Alternative-Investment Activities
Every week, Hedge Fund Alert delivers the early intelligence you need to anticipate money-making openings in the fund-management arena. The newsletter tells you what tight-lipped fund managers don’t want you to know. It also uncovers the secret moves of investors and other industry players. See for yourself — sign up for a 3-week FREE trial subscription to Hedge Fund Alert. Start your free trial at, or call 201-659-1700.

For further information, please visit:

International Compliance Association
International Compliance Association is a professional organisation dedicated to the pursuit of excellence in compliance, anti-money laundering and financial crime prevention. ICA offers internationally recognised professional qualifications that help improve knowledge, enhance skills and minimise risk for firms. For novice and experienced practitioners alike, ICA certificate and diploma programmes are a benchmark of competence and excellence.

For further information, please visit:

 Industry Events Online
Finding the right financial services event and training to secure the right result has never been simpler than with Industry Events Online as you can now search and compare key financial services events and training that match your needs. Founded in 2013 and launched in early 2014, Industry Events Online (IEO) was established to help financial services practitioners and interested parties meet the professional standards expected of them from regulatory bodies and other institutions. Finding the most appropriate financial services event and training in the right location, on the right date, with the required CPD (Continual Professional Development) points or hours, and all within budget is no easy task, especially given strict industry deadlines and penalties.

The goal of IT GRC Forum is to help industry stakeholders, government regulators, and end-users better understand and manage the increasingly complex Governance, Risk Management and Compliance (GRC) landscape across the organization. We aim to empower the GRC community by providing the most current educational resources and a user friendly forum for collaboration with peers.

The Risk Universe
The Risk Universe is a brand new publication for the operational risk community, covering a broad range of current and emerging issues relating to operational risk management which, in recognition of the changing role of the operational risk manager, also covers strategic risk, business risk and environmental risk issues.
A digital-only publication, The Risk Universe content is always published with the most up-to-date and interactive content, which you can browse online, download for offline use or even print if you wish. But, The Risk Universe is more than just a monthly e-magazine, it is a living database of risk-related information, breaking news stories and an online community where you can benchmark your firm against industry peers.

For further information, please visit:

RiskTech Forum is a leading global resource for risk and compliance technology news, research and opinion providing an extensive online portal since 2013.
Supported and managed by an international team of researchers from Chartis (www.chartis-, RiskTech Forum leads the market with its expert coverage of all aspects of risk and compliance technology with a focus on business-led, strategic and practical content. All content on RiskTech Forum goes through an editorial and approval process managed by Chartis Research.

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3rd Colleague HALF PRICE – Group Bookings:

Group rates are available for 2 or more attendees from the same organisation, when registering at the same time. The current rate allows every third colleague to come along for HALF PRICE!

If you would like to register more than 3 people please contact the CFP team on +1 888 677 7007 / +44 (0)207 164 6582 or

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Main Congress: October 27-28 Masterclass: October 26 Main Congress + Masterclass: October 26-28 

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Main Congress: October 27-28 Masterclass: October 26 Main Congress + Masterclass: October 26-28 

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Main Congress: October 27-28 Masterclass: October 26 Main Congress + Masterclass: October 26-28 

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810 Seventh Avenue (52nd & 53rd)
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Earn Up To 22.5 CPE Credits

Main Congress attendees can earn up to 15.5 CPE credits and a further 7 CPE credits for attendees of the Kamakura Workshop in the Management Advisory field of study

CFP (Center for Financial Professionals) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

For further information and to claim your CPE Credits post event please contact or call +1 888 677 7007.

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