FMS Phila All Day Seminar
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Date: Friday, April 22, 2022 | 8:00 AM - 4:30 PM
Venue: Sheraton Valley Forge,
480 N Gulph Road
King of Prussia, PA 19406 United States
Description: Joseph Galdo, CPA, CAMS, CFE, CERP, Director & David Healey, Supervisor of Mercadien’s Financial Institutions Services Group will be presenting on Why You Should Validate Your CECL Model at the FMS Phila All Day Seminar April 22nd at the Sheraton Valley Forge from 8:00 AM to 4:30 PM.
The seminar is designed for CFO’s, Controllers, Accounting Managers, Investment Officers, Treasurers, Internal Auditors, and similar positions from community banks, thrifts, and credit unions.
Session Description – Why You Should Validate Your CECL Model
CECL standards are in effect for all institutions as of January 1, 2023, which is fast approaching. Are you ready? Is your model control framework and validation process up to par? An effective model control framework and validation process is crucial to your institution’s compliance and risk management functions. You cannot rely solely on an audit to challenge your model – a proper validation of your CECL model will challenge it in a multitude of ways to ensure it is functioning properly. During this presentation, we will review the CECL readiness and model validation process, as well as considerations and best practices relating to CECL.
- Identify key components for your CECL model
- Determine challenges/best practices in data, system validations and performance monitoring
- Review common CECL methodologies
- Learn how to ensure the complexity of the model is commensurate with the complexity of your institution
We hope to see you there!
For more information about this event or to register, visit https://www.fms-philly.org/2022-events-inperson/042222