Crossing the CECL finish line with a model validation: a Compliance+ webinar

What does a CECL model validation mean to you? Throughout the CECL journey, financial institutions hear that their model is validated and feel that they’re ready to go up against the regulators. Cross the CECL finish line by doing a thorough validation - giving your institution confidence in its review.

From a full review of your model governance including qualitative factors, to a deep dive into data inputs and assumptions and finally an independent replication of the calculation.

Not only will you be prepared with full supportability and guidance when it’s time for your regulatory exam, but you will understand your bank’s financials with insights to educate your leadership team and board.

When it comes to addressing risk, time is of the essence. Join familiar faces, Ivan Cilik and Sean Statz, for our first CECL webinar post-adoption date. Ivan and Sean will discuss best practices when considering a model validation and discuss lessons learned from the validations that they’ve completed to date.

Learning objectives:

1. Highlight the difference between a vendor validation and a client-specific validation
2. Review items that may need to be addressed after the validation is complete, including revisiting inputs, fixing data errors, addressing assumptions, reviewing q-factors, and more.
3. Discuss the possibilities of a regulatory exam and examples of sound documentation and supportability
4. Talk through surprising cash flow nuances found during validations

Information about CPE eligibility

There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar. A certificate of completion will be emailed to you four to six weeks after the event.

Level: Overview

CPE credit: One (1) hour total credit

Field of study: Specialized Knowledge

For more information regarding administrative policies such as complaint and refund policies, please email [email protected]

Baker Tilly 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 for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.