CECL Update: Insights and Lessons Learned from the Field
For part three of this CECL virtual seminar series, participants will receive a technical update and learn about the most common challenges institutions have encountered during their implementation, testing, and validation stages and how these issues were identified and resolved by their adoption teams. Topics of discussion will include data quality/availability, segmentation, model and methodology selection, assumption development/support, qualitative factor dependence, documentation, internal controls, sensitivity testing, and vendor management.
NEW - Key Takeaways:
Updated December 3, 2019
- Learn the do’s and don’ts with implementing CECL
- Gain an understanding of the recent changes to CECL (as recent as last week)
- Gain insight to the expected changes in the ACL from SEC filers
- Learn about common methodologies selected
- Become aware of certain MRM gaps
- Hear about lessons learned while in the field
Ryan Abdoo, CPA
Partner, Plante Moran
As an audit partner and the industry technical leader for financial institutions, mortgage, and consumer finance companies at Plante Moran, Ryan serves as the external audit partner and risk management partner (internal audit, loan review, regulatory compliance, IT/ Cyber, etc.) for both public and private institutions. From a CECL perspective, Ryan serves institutions ranging in size from $100 million to over $20 billion in assets. He is passionate about building strong relationships, adding value, and advising the firm’s team and clients so they stay on the forefront of industry and regulatory developments.
Managing Director, Darling Consulting Group
With over 30 years of experience in strategic risk management, Mike Guglielmo has provided technical and strategic consulting to a diverse group of financial institutions. Mike is also a frequent author and top-rated speaker on a variety of balance sheet and model risk management and operational risk management topics. He serves as Chairman and board member for the Financial Managers Society.
During his tenure at DCG, Mike has served in various capacities, including director of financial analytics. In addition, he is a technical resource for the ongoing development of many of DCG's quantitative and strategic risk management products and services. Prior to joining DCG, Mike managed the ALCO and strategic planning processes for a regional bank in the northeast. Mike is a graduate of Fairfield University with a degree in economics.
Registration to the live session includes:
- One online connection
- CPE credit for registrant
- Permission to reproduce the handouts and other written material for additional attendees at your location
Only registered attendees of the live session can obtain CPE credit. Attendees of FMS live webinars also receive two views of the On-Demand version of the program they attend. Use this bonus feature to share the program with colleagues or as a refresher at a later date. Instructions for viewing the on-demand session will be emailed to you at the conclusion of the live event.
|| Earn up to 5 hours of CPE credit.
- Level: Basic
- Prerequisites: None
- Advance preparation: None
- Field of Study: Accounting
- Instructional Method: Group Internet Based
- Length: 240 minutes
For more information regarding administrative policies such as concerns or refunds, call 800-ASK-4FMS (800-275-4367). FMS is registered with the National Association of State Boards of Accountancy 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. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
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