Driving Transformation of Model Life Cycle in Uncertain Time

Driving Transformation of Model Life Cycle in Uncertain Time
The COVID-19 pandemic caused a massive disruption in the usage of risk models in banks. Some models have failed in the crisis, others were used with significant judgmental overlays, and most have been regularly re-calibrated as the pandemic effects vary. Compounding the COVID-19 effects are regulatory requirements and models' increasing time to market. Institutions realize that even when they have a clear strategy, having them deployed months later is unsustainable, especially in a rapidly changing environment. Post-COVID, the expected recovery shape will mean redevelopment, resegmentation and perhaps redesign of market strategies. Please join PRMIA Montreal, Toronto, Vancouver, Calgary, Edmonton, New York, New York, Boston, Atlanta, San Francisco, Seattle, Washington D.C. and Chicago for this informative event.
June 3, 2021

11:00 a.m. - 12:00 p.m. EDT

  Sponsored By:

Virtual Event


Leaders will have to make smart choices to make the model strategies efficient and sustainable in a crisis like COVID and be more resilient in the future. This crisis has caused banks to re-evaluate the entire model landscape and model life cycle to build better models, deploy and manage them more efficiently.  

 Join us to hear from our experts strategies to maintain and improve model efficiency. 

This event will be recorded and distributed to all registrants. PRMIA follows Chatham House Rule.  

This Webinar is brought to you by PRMIA and SAS Institute Inc. Your contact information will be shared with SAS Institute Inc. and its affiliates (“SAS”).  All personal information will be handled in accordance with the SAS Privacy Statement (www.sas.com/privacy).  You agree to receive occasional emails from SAS about SAS products and services, and you understand you can withdraw your consent at any time by clicking the opt-out link in the emails or by contacting SAS directly.

  Time   Event  
  11:00am- 11:05am
  Welcome and Introductions  
  11:05am- 11:50am
  Moderated Panel Discussion  
  11:50am- 12:00pm
  Audience Q&A and Closing  


Chris Brophy, Sr. Principal Industry Consultant- Banking/Financial Services, SAS

Chris Brophy is Senior Principal Industry Consultant – Banking at SAS Institute. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence.

Chris has 20 years of experience in the financial services industry with a focus on quantitative risk management. Chris has led both model risk management and model development organizations with direct experience in Stress Testing - CCAR, DFAST, Risk Quantification - CECL, PD, LGD, EAD, and Portfolio Analytics. Chris believes in using data and analytics to provide insights into the increasing complex business problems faced by businesses today. Previously, Chis has held positions at Alliance Data Services, Key Bank, and PNC Bank.

Chris holds a Bachelor of Science degree in Economics from State University of New York at Buffalo, and a Master of Business Administration degree from the University of Rochester Simon School of Business.

  Sarah Reppchen, Co-Regional Director PRMIA Vancouver and Leader Financial Services Risk Advisory, Deloitte
Event Moderator

 Sarah Reppchen is the Regional Director of the PRMIA Chapter Vancouver, Canada and leading Financial Services for Deloitte’s Risk Advisory practice in Western Canada. At Deloitte, she is responsible for supporting Financial Institutions across Western Canada managing the Regulatory Compliance and Risk Management challenges. Sarah has over 12 years of experience in the financial services industry, especially in auditing and advising Enterprise Risk Management Functions concerning regulatory reporting compliance in the context of the Basel III framework, as well as Risk Governance and Model Risk Management. Sarah’s primary experience was generated on large, complex banks (G-SIBs, D-SIBs), Credit Unions, investment management firms in Canada, Europe and on a global scale. Sarah has worked with the first, second, and third line of defense to inform on optimization opportunities while meeting regulatory requirements. She worked on behalf of EU Supervisory Authorities (ECB, BaFin, PRA) and supported on managing Regulatory Affairs with Regulators in North America. She was mandated by Regulators to support their audits of large banks concerning governance, development of control frameworks and policies. Sarah qualifies as Wirtschaftspruefer, the German CPA (IFAC compliant).

  Mario Schlener, Partner, FSRM practice lead, Canada & global FS risk technology, alliance, innovation lead, Ernst & Young LLP

Mario is the Canadian leader of EY’s Financial Services Risk Management Practice since October 2017. Additionally, Mario is also the Global Lead for the FS Risk Consulting practice for Alliances/Technology/Innovation and contributes to several global regulatory initiatives (co-author of Whitepapers) on AI Fairness, Explainability and Privacy. He is leading several EY asset developments using ML/AI applications and solutions for risk management (i.e. credit-, market- ccr- liquidity risk models), AML/Fraud/Cyber (i.e. TM models, CRR models, Sanctions, fraud, cyber/resiliency models) and Compliance (i.e. trade surveillance models). He brings over 23 years of experience in risk and capital markets modelling and quantitative risk management.
     Alexander C. Smith, Managing Director Risk Analytics U.S., KPMG

As a Director in KPMG’s Risk Analytics – Modeling and Valuation practice, Alex Smith helps lead credit risk model development engagements for a wide variety of clients within the banking, insurance, and power and utilities industries.

Alex focuses primarily on the development of quantitative loss forecasting and stress testing modes, delivering all phases of the model development life. Alex has experience in both consumer- and commercial-based credit risk modeling and has employed numerous statistical techniques ranging in complexity depending on the needs and circumstances of the institution.

In addition to model development efforts, Alex also serves as a subject matter specialist and signer for many of KPMG’s audit clients for ALLL and CECL reviews.

Alex received a Masters of Science degree in Statistics from Texas A&M University, Masters of Science degree in Accounting and a Bachelors of Science in Business Administration from the University of Texas at Austin. Alex is also a licensed CPA in both Texas and Illinois and an Accredited Mortgage Professional.

  Thank You To Our Sponsors  


Continued Risk Learning Credits: 1

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].


This event is FREE for members and non-members, although registration is required.  Click "Register Myself" below to reserve your spot. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.) Support events like this by becoming a member

6/3/2021 11:00 AM - 12:00 PM

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