Ana Carla Abrao Costa, PhD, Managing Director, Itaú-Unibanco
Ana Carla Abrao Costa is a Managing Director of Itau Unibanco Holding. She has held this role since April 2011, prior to which she was responsible for the Research and Development Modeling Department in the bank. Before joining Itau Unibanco she worked at Tendencia Counsulting as Chief Economist, having previously worked at Banco Brasileiro Comercial SA in several positions including branch manager, foreign exchange superintendent and international director. Ana holds a PhD in economic theory from the University of São Paulo, an MSc in economics from the Getulio Vargas Foundation and a BSc in economics from the University of Brasilia.
John Baer, Senior Director of Product Management, Moody’s Analytics
John Baer is a Senior Director of Product Management responsible for the Credit Assessment and Origination product line. John’s team focuses on the design and development of loan origination and monitoring risk systems to clients throughout the world. Prior to Moody's Analytics, John was with Ernst & Young, advising private equity and corporate clients on investment acquisitions. John specialized in financial due diligence, working alongside commercial lenders valuing and assessing the risk of targeted transactions. John holds a certificate of Certified Public Accountant.
Marcia A. Banks,
Associate Director, International Association of Credit Portfolio Managers (IACPM)
Marcia Banks is the Associate Director of the International Association of Credit Portfolio Managers (IACPM). The IACPM is a non-profit industry association dedicated to advancing the practice of credit portfolio management through advocacy, research, education, communication and promotion of sound practices. The Association has grown enormously since its formation in 2001; IACPM members now total over 90 financial institutions around the globe.
Previously, Marcia was a Managing Director at JPMorgan Chase, heading the portfolio management team covering the Bank’s middle market and mid-sized corporate portfolio (JPMorgan Chase) and the large corporate portfolio at Bank One. Marcia’s previous experience at the Bank also includes over twelve years in the Loan Syndication Department and marketing positions for a number of capital markets products.
Marcia has served on the Boards of the IACPM and the Loan Syndications and Trading Association (LSTA). She holds an MBA, Finance, from The Wharton School at the University of Pennsylvania and a BSFS, Economics, from the School of Foreign Service at Georgetown University.
Timothy R. Barber, Senior Vice-President, Credit Risk Management, Huntington Bank
In his current role, Mr. Barber is responsible for the Credit Risk Management function for Huntington, including all credit exposures across the bank. Specific responsibilities include origination and portfolio monitoring scorecards, credit policy development, portfolio stress testing, and the Allowance for Credit Losses methodology. He participates in a number of Retail and Commercial Credit industry groups and has made presentations regarding portfolio stress testing, allowance methodologies, and leveraging technology within credit risk management processes. Prior to Huntington, Mr. Barber spent 8 years at Barnett Banks Inc, and First Union National Bank in Florida.
Jeroen Batema, Managing Director and Founder, Open Source Investor Services B.V. (OSIS)
Mr. Batema was the founding chairman of the Pan European Credit Data Consortium (PECDC). He is currently Managing Director and founder of Open Source Investor Services B.V. (OSIS). He started his banking career in commercial lending at ING Bank. In 2000 he became head of Credit Portfolio Management at NIBC. In 2007 he moved to BNP Paribas Fortis to head Securitization within Credit Portfolio Management. In this last role he was responsible for several post crisis and Basel 2 compliant securitization transactions.
Stephen J. Bennett, Executive Director, Pan European Credit Data Consortium (PECDC)
Mr. Bennett is currently Executive Director for the Pan European Credit Data Consortium (PECDC) responsible for North America. He has an extensive background in banking with over 30 years experience including senior leadership roles in Treasury, Proprietary Trading, Market Risk Management and Credit Portfolio Management. He has also conducted consulting assignments for major international organizations on credit capital modeling, treasury operations and data consortia.
Mitch Carpen, Director, Head of Portfolio Analysis and Analytics, Bank of Tokyo-Mitsubishi (BTMU)
Mitch manages the credit portfolio risk team at BTMU in NYC, where he is responsible for building out the bank’s Risk Framework. Previous to this, Mitch was a Managing Director at Societe Generale, where he managed the credit portfolio analysis team. Mitch also held a Director of Research role at Instinet Corporation and was a Quantitative Equity Analyst at Prudential Financial.
Mitch has a MA in Mathematics of Finance degree from Columbia University, along with BA and MA from Rutgers in Computer Science and Economics.
Pierre-Etienne Chabanel, Product Line Manager, Moody’s Analytics
Pierre-Etienne Chabanel is a Product Line Manager with Moody’s Analytics Software Division working in Paris office and has been with the firm for more than eight years. He is responsible for developing and supporting the software regulatory products line. Pierre-Etienne has a significant risk management background especially on credit risk and he is a regulatory expert on Basel I/II/III.
Pierre-Etienne completed his electronic engineering degree in Supelec (France), has a Master of Sciences in computer sciences from GeorgiaTech (USA) and a bachelor degree in economics from Paris University (France).
Doy Charnsupharindr, Director – Product Management, Moody’s Analytics
Doy is a product manager for Moody’s Analytics’ Portfolio and Valuation product line, responsible for RiskFrontier as well as GCorr. Prior to joining the Product Management group, Doy led data operations at Moody’s Analytics, including EDF production, data quality control, data support, and vendor relationship management.
Doy holds a BA in economics from Stanford University and an MBA from UC Berkeley’s Haas School of Business. He is also an FRM charter holder.
Jun Chen, Senior Director, Moody’s Analytics
Jun Chen joined Moody’s in 2008 as a Senior Director and is currently leading the research efforts in expanding credit risk analytics to commercial real estate. He has many years of experience in the real estate finance industry.
Previously, he was a Co-Director of Debt Research at CB Richard Ellis Torto Wheaton Research, and before that, Director of Research and Analytics at Property & Portfolio Research. Jun was instrumental at these places in delivering cutting-edge market research and risk analytics consulting to a variety of prominent commercial real estate market participants. His other professional experience includes working at IndyMac Bank and Cornerstone Research. He also was a faculty member at Shanghai Jiaotong University before coming to the US. He has published widely in academic and professional journals and conferences.
Jun obtained his PhD with a specialty in real estate finance and urban economics from the University of Southern California. His Master’s and Bachelor’s degrees are both from Tongji University.
David Chion, Group Market Risk Manager, RBS Insurance
David Chion is the Group Market Risk Manager for RBS Insurance. He is responsible for overseeing the company’s portfolio risk exposure, developing market risk methodologies, and advising in the formulation of the firm’s market risk appetite. David also contributes as a subject matter expert for the Solvency II implementation program for the UK, Italian and German businesses, and supports the development of the new market risk appetite and investment strategy. In addition, David is involved in reviewing the company’s investment risk profile for counteracting the current adverse European market conditions. Prior to joining RBS Insurance in 2010, David was the Head of Treasury of a commercial bank and a Fixed Income Trader and Head of Finance for an insurance company in Peru. He holds a BA in Economics from the Universidad del Pacifico in Peru and an MBA from the London Business School.
Greg Cortez, Director, Corporate Risk Controls, Hess Corporation
Greg is the Director of Credit in the Corporate Risk Controls department of Hess Corporation in New York City. He is responsible for the counterparty credit risk management of Hess Corp's worldwide wholesale and domestic retail trading and marketing activities. Greg manages a global team of credit managers based in New York, New Jersey, London, Singapore and Bangalore. This team is responsible for all aspects of the credit lifecycle, including credit analysis, credit exposure monitoring and credit mitigation. Prior to joining Hess, Greg worked for Deutsche Bank in the Energy Portfolio Management group. In this role, Greg was responsible for managing a portfolio of E&P counterparties across the entire credit process for existing transactions including exposure monitoring, collateral structuring and ongoing credit quality reviews. He also worked as part of the Risk Management department, forecasting regulatory risk-based capital and ensuring compliance with capital adequacy regulations. Greg completed Banker Trusts' Credit Training program.
Greg is currently the President of the International Energy Credit Association (IECA). Prior to this role, he served as Chairperson of IECA’s Crude Oil and Refined Products Committee, Board Member, Vice President of Communications and Technology and First Vice President. An established industry leader, Greg has presented on credit topics to various industry groups, including the Risk Control Committee of the American Petroleum Institute.
Martin Cunningham, Director, Advisory Services, Moody’s Analytics
Martin Cunningham, Director, Advisory Services, Americas, joined Moody’s Analytics in September 2005, bringing with him some 13 years’ experience in financial services. His responsibilities include engagement management, client relations and new business development. Martin worked in commercial banking at Credit Lyonnais in New York from 1992-1997, as a loan officer where he helped arrange or secure participations in some $3 billion worth of project finance transactions in North and South America. Toward the end of this period, Martin developed a prototype of an automated, workflow-based credit adjudication and monitoring system. He later accepted an offer to lead the design and deployment of that system, which over time was extended to incorporate risk-adjusted pricing, covenant monitoring and back-office integration. Returning to his native California in 2002, Martin worked for Wells Fargo before joining Moody’s Analytics’ Modeling Services group. Martin received a BA in Economics and French from the University of California at Davis in 1985, and in 1992 received his MBA from Columbia University in New York, where he focused on Corporate Finance and Accounting.
Cristian de Ritis, Ph.D., Director, Consumer Credit Analytics, Moody’s Analytics
Cristian deRitis is a Director in the Consumer Credit Analytics group at Moody’s Analytics, where he develops probability of default (PD), loss given default (LGD), and loss forecasting models for individual consumer loan portfolios and industry aggregates; contributes to forecasts and analysis for CreditForecast.com; and writes periodic summaries of the consumer credit industry. His commentary on housing and mortgage markets, securitization, and financial regulatory reform often appears on the Dismal Scientist web site and in the Regional Financial Review.
Dr. deRitis’ recent consulting work has included an evaluation of the efficacy and cost of the federal government’s Home Affordable Modification Plan, and he is frequently consulted on credit risk modeling and measurement as well as housing policy. He helped develop the company’s models to forecast the Case-Shiller and FHFA metropolitan house price indices and is a regular contributor to the firm’s Housing Market Monitor. Dr. deRitis also gives frequent presentations and interviews on the state of the U.S. housing, mortgage and credit markets.
In his previous work at Fannie Mae, Dr. deRitis supervised a team of economists who developed models of borrower default and prepayment behavior as well as loss recovery rates. He has published research on consumer credit and credit modeling as well as on the costs and benefits of community mediation. He received a Ph.D. in economics from Johns Hopkins University, where he focused on the impact of technological innovation on labor markets and income inequality. His bachelor’s degree in economics is from the Honors College at Michigan State University.
Erlind Dine, Director, Economic & Consumer Credit Analytics Group, Moody’s Analytics
Erlind Dine is a Director in the Economic & Consumer Credit Analytics group of Moody’s Analytics, based in New York City. In his role Erlind is focused on driving global Product Strategy & Marketing efforts with particular focus on the capabilities around consumer credit risk forecasting, stress testing and regional/ sub-national forecasting.
Erlind joined Moody's Analytics in 2006 after a decade in management consulting helping financial services firms with a broad range of projects including corporate and line of business strategy development, operational efficiency, cost cutting and business process redesign.
Erlind received his MBA from the Stanford Graduate School of Business and graduated cum laude from Polytechnic University with a BS in electrical engineering.
Robert Dutcher, Senior Director, Product Marketing, Moody’s Analytics
Bob Dutcher heads the global Product Marketing Team for our Enterprise Risk Solutions division of Moody’s Analytics. Bob has over 20 years of experience in software, technology and financial services companies covering business intelligence, analytics, data warehousing, risk and financial products. Over the years, Bob has held a variety of senior roles in marketing and product management for some of the fastest growing and most successful technology companies in the world. Bob holds a BS in Physics and MS in Engineering.
Douglas Dwyer, Managing Director, Single Obligor Research Group, Moody's Analytics
Douglas Dwyer, Managing Director, heads the Single Obligor Research Group in the Moody's Analytics Quantitative Research Group. This group focuses on measuring the credit risk for corporations and financial institutions worldwide. The group's models are used by banks, asset managers, insurance companies, accounting firms and corporations to measure risk for a wide variety of purposes. The group utilizes different methodologies to measure the risk of different types of firms depending on the information available. Recent research includes deriving a physical default probability from CDS spreads, updating our LGD model and extending coverage of RiskCalc models to include private firms in emerging markets such as China and Russia. We recently designed a scorecard that incorporates qualitative and quantitative information for an improved assessment of credit risk.
Prior to working at Moody's Analytics, Dr. Dwyer was a Principal at William M. Mercer, Inc., in their Human Capital Strategy practice. Dr. Dwyer earned a Ph.D. in Economics at Columbia University and a B.A. in Economics from Oberlin College. He has published articles in peer reviewed academic journals.
Douglas Gardner, Managing Director, Model Oversight, Wells Fargo
Doug leads a team that oversees model risk across Wells Fargo and which is responsible for the validation of a wide variety of models, including market risk, counterparty risk, credit risk, mortgages, Basel and economic capital. Previously he led a team that reviewed all derivative pricing models, covering foreign exchange, commodities, equities, credit and rates.
Prior to joining Wells Fargo in 2004, Doug headed the financial engineering team at Algorithmics, providing consulting services to clients and designing models used to assess market risk, counterparty risk, and portfolio credit risk. Doug has a Ph.D. in operations research from the University of Toronto, bachelors and masters degrees in systems design engineering from the University of Waterloo, and was a researcher at York University’s Schulich School of Business.
Yaniv A. Gershon, Vice President, Risk Analytics, Enterprise Risk Management, State Street Bank
Yaniv Gershon is Director of the Credit Risk Economic Capital team at State Street Bank in Boston. His expertise in modeling credit risk for both wholesale and securitized assets have facilitated development and implementation of advanced credit risk capital modeling methodologies at State Street.
Prior to assuming his current position, Yaniv served as a Senior Quantitative Analyst within the Model Validation Group at State Street. His responsibilities in this role included methodology reviews of State Street’s various risk models; Derivatives, Credit, Market, Interest Rate and Operational. Yaniv has worked at Comerica Bank starting up its Model Validation Group and in KPMG’s US and Israel assurance practices. He obtained his Master’s Degree in Applied Mathematics from Wayne State University and an Accounting Degree from Ramat-Gan College in Israel.
Anuj Gupta, Director, Product Management, Moody’s Analytics
Anuj Gupta is a Product Manager with Moody’s Analytics in San Francisco, and has been with the firm for six years. He is responsible for single-obligor products that include RiskCalc, Loss Calc, and Commercial Mortgage Metrics.
Anuj has a significant risk management background that includes hands-on experience in structuring and managing commodity risk, especially in the Energy sector.
Anuj completed his Bachelors in Engineering from IIT in India, and his MBA from Harvard Business School.
Nancy Hasey-Ross, Vice President, Enterprise Risk Management, State Street
Nancy Hasey-Ross, Vice President, joined Enterprise Risk Management at State Street in February of 2008. She currently leads the Credit Process Engineering Team whose primary responsibility is to establish a robust global credit technology platform to support risk management best practices. Her team recently implemented the first release of an enterprise-wide Limit Management and Exposure Monitoring System using Moody’s (Fermat) software.
Nancy has nearly 20 years of varied experience in banking, including distressed debt work-out, commercial lending, portfolio management and risk information management. She began her career at Bank of Boston managing a problem loan portfolio and as a specialized commercial lender to high technology businesses. Transitioning into Risk Management and Technology, she served as the business owner of desktop applications used by the Wholesale Bank to institute risk management controls, streamline credit processes, improve monitoring and enhance reporting. After the bank’s transition to FleetBoston, Nancy continued her work as the Director of Business Process Automation, creating the Bank’s first transactional collaborative workflow portal used by over 1,500 corporate-wide users. Her last role at FleetBoston Financial was Director of Portfolio Management Development and Strategy where she was a key contributor to establishing a corporate level portfolio management function.
Nancy holds a B.A from Smith College in Economics with a concentration in Political Science.
Peter Heffernan, Senior Vice-President, Global Risk Management, Scotiabank
Currently responsible for Scotiabank's global Basel implementation, non-retail internal risk rating systems and credit portfolio analytics, Peter joined Scotia's Corporate Banking 28 years ago, before moving into Investment Banking to start up the bank's capital markets/swaps business back in the 80's. He was previously VP fixed income underwriting & corporate finance with BNP in Paris and began his career with Bank of Montreal in Canada. After 5 years in London as Scotiabank's SVP, Investment Banking Europe, Peter moved into risk management as SVP Investment Banking Credit and Trading Policy 19 years ago. He has extensive experience in risk management and corporate & investment banking and has worked closely with MKMV and it's predecessor, KMV, over the past 12 years in the area of credit portfolio modelling and internal ratings. Peter is a multi-year past-President of the Risk Management Association's Toronto Chapter and is actively involved with other associations working on Basel such as the IIF.
Dr. Peter Hobbs, Senior Director, Group Business Development, IPD
Dr. Peter Hobbs, Senior Director, Group Business Development at IPD, is focused on developing the commercial strategy of the company. In this role, Dr Hobbs oversees IPD’s client facing activities, including responsibility for three main areas of the business: product development, marketing and overall research.
Dr. Hobbs has over 20 years research and consultancy experience, helping develop investment strategies across European, U.S. and Asian markets. His career began as an analyst at Property Market Analysis in London, following which he worked as a valuer at Jones Lang Wootton. He has also worked as a strategist at Boots Properties, a senior director for Property and Portfolio Research and, most recently, as Managing Director and Global Head of Research for RREEF, a division of Deutsche Bank.
He holds a PhD in Economics from the University of Reading. He is a frequent speaker at industry events and conferences, and is also a European Council member of ULI, a past Chair of INREV’s Research Committee and a member of the RICS.
Michael Infante, Director, Cisco Capital
Michael Infante is the Director of Business Economics and Deal Management for Cisco Systems Capital Corporation, a wholly-owned subsidiary of Cisco Systems, Inc. Cisco Capital is focused on delivering premier solutions in Technology Financing, Channel Financing, and Cisco Certified Pre-Owned Equipment. Managing over $7 Billion in assets with a presence in over 80 countries, Infante’s primary responsibilities include overseeing Cisco Capital’s global pricing, deal structuring, business intelligence and risk and economic reporting. While at Cisco, Infante has also held various positions within Structured Finance and Venture Leasing.
Prior to joining Cisco Capital in 2000, Infante spent eight years at Ameritech Capital serving as Vice President of Business Development, Director of Sales and Director of Portfolio Management. Prior to Ameritech, he has also held several sales roles with Comdisco.
Infante holds an MBA from the University of Notre Dame in South Bend, IN and a bachelor’s degree from St. Norbert College in DePere, WI.
Tamar Joulia-Paris , Managing Director, TJ Capital
After 10 years in the construction and manufacturing industry, mainly in emerging markets, Tamar joined the banking industry in 1992. She started in BBL a new Credit Risk Management unit, which developed successively the various components of credit portfolio management in banking and trading books : systems, methodologies and risk adjusted performance management.
She joined ING Bank Credit Risk Management in 2003 to set up a Credit Portfolio Group, who developed alternative risk transfer and investment solutions for both Retail and Corporate businesses, as well as market-based tools to monitor and benchmark risk and performance. She was then in charge of Credit Markets business during the financial crisis, and later joined ING Group to start a Credit Portfolio Group on both Banking and Insurance portfolios, focusing on governance, portfolio strategy, appetite for risk, stress tests, as well as regulatory capital and liquidity.
After more than 20 years in ING, Tamar has left Banking to set up her own consulting activity.
Tamar holds various Engineering & Business Management degrees, has been member of CEBS Consultative panel in 2010, and Board member of the IACPM between 2006 and 2011.
Andrew Kaplin, Ph.D., Director, Research, Moody's Analytics
Andrew works in the Credit Risk Modeling group of Moody's Analytics and is the Model Manager for Portfolio Products. His main responsibilities include research, model development, and client support.
He holds an MS in Applied Mathematics from the St. Petersburg State University and a Ph.D. in Finance from the Kellogg School of Management, Northwestern University. Prior to joining Moody's KMV, Andrew taught Finance courses at the Kellogg School of Management. His work has been published in the Journal of Econometrics and Encyclopedia of Quantitative Finance. Andrew's research interests include credit risk and interest rate risk models, modeling of structured instruments in credit portfolio framework, market microstructure effects around corporate events, and capital structure choices as it relates to macroeconomic conditions.
Stephen Kealhofer, Managing Partner, DCI and Formerly Co-Founder & Managing Partner, KMV
Stephen co-founded and served as managing partner of KMV, which was acquired by Moody's in 2002. Prior to founding KMV in 1989, Stephen was director of research for Diversified Corporate Loans, LLC. Stephen served as a visiting assistant professor at the Haas School of Business1985-87 and assistant professor at the Graduate School of Business, Columbia University, 1981-85.
Sean Keenan, Portfolio Analytics & Reporting Leader, GE Capital
Sean Keenan is Portfolio Analytics & Reporting Leader for GE Capital, and is responsible for the design and implementation of portfolio level risk measurement/management systems. This includes data systems, risk models, and processes that perform stress testing, help establish capital adequacy, allocate capital across products and transactions, identify and manage specific risks at the portfolio level, and to gauge risk/return ratios prospectively and for components of the existing portfolio.
Prior to joining GE, Sean worked at Citigroup in the risk analytics group and prior to that he worked at Moody’s Investor’s Service in the Risk Management Services group. Sean holds a B.A in History and a Ph.D. in Economics, both from NYU. Sean was a recipient of GE’s Edison Award for technological innovation in 2007.
Arvind Krishnamurthy, Harold Stuart Professor of Finance, Kellogg School of Management
Arvind Krishnamurthy is the Harold Stuart Professor of Finance at the Kellogg School of Management, Northwestern University, Research Associate of the National Bureau of Economic Research, and Faculty Fellow of the Center for International Economics and Development at Northwestern University. He received his B.S in Economics and Electrical Engineering from the University of Pennsylvania in 1990 and his Ph.D. in Financial Economics from the Massachusetts Institute of Technology in 1998. His research is on financial crises, liquidity, and how central bank policy can alleviate crises. He has studied international financial crises in emerging markets. He has also studied liquidity in U.S. bond markets and developed models of why liquidity falls during a crisis. He has been a visiting scholar at the IMF and the Fed. He is currently an Associate Editor at the Journal of Finance and AEJ-Macroeconomics.
Robert Kula, Executive Vice President and Group Head of Quantitative Risk Analysis, KeyCorp
Robert Kula is executive vice president and group head of Quantitative Risk Analysis in Risk Management. His group’s responsibilities include stress testing, economic capital attribution and reporting, commercial risk rating modeling, and model risk control. He is a member of the Operational Risk Committee and chairs the Model Risk Management Committee.
Bob joined the former Society Bank In 1991 as a member of the Credit Programs and Analysis Group. He has held numerous leadership positions at Key, including risk manager in Bankcard, manager of Consumer Economic Capital, director of Economic Capital and was the first director of the Client Strategy Group, which focused on information based strategies for the lines of business. Prior to Key, Bob worked at Bridgestone/Firestone in both the credit card division and the financial analysis group.
Bob earned both his bachelor’s degree in computer and information science and his MBA in finance from Cleveland State University. Bob is a member of the Risk Management Association (RMA) Risk Management Committee.
Rohit Kumar, Senior Vice President & Head of the Credit Risk & Market Risk Department, National Bank of Abu Dhabi
Mr. Kumar is heading the Credit Risk & Market Risk Department at National Bank of Abu Dhabi and is responsible for implementing Good Practices of Risk Management including Basel II guidelines at the Bank. National Bank of Abu Dhabi (NBAD) is the leading bank in UAE with an asset base of exceeding 65 billion USD and operating in 13 countries.
Mr. Kumar is Member/ Secretary of the Group ALCO/ Group Credit and Bank Equity & Investment Committee(s) at the Bank. Besides, he is an honorary member of the Moody's RAG (Rating Advisory Group), Director of GARP-Abu Dhabi Chapter and represents NBAD in the Basel II meetings with the Central Bank of UAE. Before joining NBAD, he was working as Head of Banking and Finance at ICRA Limited, a leading credit rating and consulting firm in India. He has wide exposure in implementing risk management systems in banks and financial institutions and formulating business strategies. He has directed several projects in Indian sub-continent, South-east Asia, Middle-east, Europe and Africa and also served as a member of ICRA's Rating Committee.
Mr. Kumar has presented several papers in seminars and conferences and writes for business magazines. Some of the recent papers presented include: “Emerging Trends in Banking Sector, Risk Management and Challenges in South Asia” hosted by Standard Chartered Bank in Agra; “Best practices in SME lending in the Indian Sub-continent” in the SME symposium organised by IFC, Washington & FMO, Netherlands in Sri Lanka; “How is NBAD implementing Good Practices of Risk Management & Basel II” in the seminar hosted by Risk World Middle-East in Dubai; “Implementing Basel II in Emerging Markets” in a Seminar hosted by Moody’s KMV in Turkey; “Growth Vs. Risk Management” in the UAE Banking Review publication in March & April 2006; “A banker’s perspective on implementing Pillar II as per Basel II guidelines” in a Senior Round Table Conference jointly organized by Financial Stability Institute (FSI) Basel and Financial Services Voluntary Corporation (FSVC) USA
Mr. Kumar is a Chartered Accountant with All India Merit, a Company Secretary and a Cost Accountant by qualification.
Mark Levonian, Senior Deputy Comptroller for Economics, Office of the Comptroller of the Currency (OCC)
Mr. Levonian joined the OCC in 2004 as Deputy Comptroller for Modeling and Analysis. Mr. Levonian was Vice President in Banking Supervision and Regulation at the Federal Reserve Bank of San Francisco from 1997 to 2004, and a research officer and senior economist in the economic research department of the Federal Reserve Bank of San Francisco from 1990 to 1997. He was the managing officer of the Banking Studies Department at the Federal Reserve Bank of New York from 1987 to 1990. In 1992, Mr. Levonian worked as senior economist at the Reserve Bank of Australia, where he conducted research and supported development of a framework for assessing capital for market risk at Australian banks. He has provided technical advice to the central banks of Russia and Belarus in the areas of early identification of problem banks and regulation of market risk, and has consulted for both the International Monetary Fund and the World Bank. He also has taught courses in capital markets and financial institutions at the University of California's Haas School of Business in Berkeley.
Mr. Levonian's professional research has resulted in publications and presentations in various areas including deposit-insurance pricing, risk modeling, residential mortgages, market discipline in banking, capital allocation techniques, agricultural lending, banking in transition economies, and resolution of problem banks. Most recently, he has been a frequent speaker on risk quantification, model validation, and the Basel II capital framework at industry conferences.
Mr. Levonian has a Ph.D. in economics from the Massachusetts Institute of Technology, and a bachelor’s degree in economics from the University of California at Berkeley.
Amnon Levy, Managing Director, Head of Portfolio Research, Moody’s Analytics
Dr. Amnon Levy heads the Portfolio Research Group that is responsible for research and model development for Moody’s Analytics portfolio and balance sheet models.
Dr. Levy holds a B.A. in Economics from the University of California at Berkeley and a Ph.D. in Finance from the Kellogg Graduate School of Management, Northwestern University. Prior to joining MKMV, Dr. Levy was a visiting assistant professor at the Stern School of Business, New York University, and the Haas School of Business, University of California at Berkeley. He has also taught Corporate Finance at the Kellogg School of Management, Northwestern University and worked at the Board of Governors of the Federal Reserve System. He is currently teaching a course on credit risk at the Haas School of Business MFE program. Dr. Levy has been published in the Journal of Financial Economics, Journal of Monetary Economics, Encyclopedia of Quantitative Finance, Risk, and Journal of Banking and Finance. His current research interests include modeling credit portfolio risk, integrated models for balance sheet management, as well as liquidity risk.
Juan Licari, PhD, Senior Director and Head of Credit Analytics EMEA, Moody’s Analytics
Juan M Licari is a Senior Director at Moody’s Analytics and the head of the Credit Analytics team for Europe, the Middle East, and Africa. Juan’s team provides consulting support to major industry players, builds econometric tools to model credit phenomena and implements several stress-testing platforms to quantify portfolio risk exposure.
His team is an industry leader in developing and implementing credit solutions that explicitly connect credit data to the underlying economic cycle, allowing portfolio managers to plan for alternative macroeconomic scenarios.
Juan is actively involved in communicating the team’s research and methodologies to the market. He often speaks at credit events and economic conferences worldwide.
Juan holds a PhD and an MA in economics from the University of Pennsylvania and graduated summa cum laude from the National University of Cordoba in Argentina.
June Marcel, Director, Product Management, Moody’s Analytics
June Marcel is a member of the Credit Assessment and Origination product team at Moody’s Analytics, currently managing Moody’s Analytics latest loan origination offering, RiskOrigins. With 11 years experience in market research and strategy development, June focuses on identifying opportunities for integrating Moody’s product offerings to create comprehensive solutions for addressing customer needs. Prior to joining Moody’s in 2006, June served as a senior management consultant at Orion Consultants, and as a supervisor at manufacturer Riri, where she was one of four team members responsible for penetrating the U.S. market. June is currently based in San Francisco, holds an undergraduate degree in English Literature from Columbia University, and holds an MBA from the Stern School of Business at New York University.
Elizabeth Mays, Chief Model Risk Officer, PNC Bank
Elizabeth Mays is currently the Chief Model Risk Officer at PNC Bank where she is charged with overseeing model risk and model validation for the enterprise. She has held senior positions at JPM Chase and Citi, where she has run analytics and modeling functions for the consumer lending businesses. She has a Ph.D. in Economics from the University of Cincinnati, and is the editor/author of four books on modeling and quantitative analytics.
Mark Medina, Vice President, Corporate Risk Management, BMO-Harris
Mark Medina joined Harris Bank in June 1992 as a part of the Personal & Commercial (P&C) Bank, and is currently the Senior Commercial Credit Portfolio Manager for P&C US. Prior roles within the Bank include Relationship Manager, Credit Analyst Management, and Transactional Credit Adjudication. His team supports the design, implementation and maintenance of Basel
compliant Borrower Risk Rating, Loss Given Default and Exposure at Default models that are used to support the P&C portfolio. In addition, his team is involved in the model management activities including Validations, Data Quality Oversight and Key Performance tracking. These activities also involve interaction with US and Canadian Regulators as well at the lines of business within the Bank that represent model users.
Marc T. Mortl, Credit Manager, Cargill North America Energy, Transportation, and Industrial Businesses
Marc Mortl leads the credit and trading documentation functions for all North American trading businesses of Cargill, Incorporated (Cargill) for commodities such as natural gas, petroleum products, power, coal, petrochemicals, steel/metals, and carbon emissions. Cargill is a global producer and marketer of food, agricultural, financial, and industrial products/services and is the nation’s largest privately held company employing 130,000 people in 63 countries.
Previously Marc was a Risk Director at GE Capital leading a team covering commercial leasing in the middle market portfolio as well as holding roles in business development, integration, and project management.
Audrey Noll, Manager, Credit Risk, FirstEnergy Corp
Audrey Noll manages in the Corporate Credit Risk Group at FirstEnergy Corp and is responsible for establishing standard methodologies and tools for credit risk assessment, measurement, and management related to energy transactions and related commodities as well as corporate credit risk exposure to business partners while ensuring efficiency, control and oversight. Prior to joining FE in February 2011, Audrey held the position of General Manager, Credit and Collateral at Allegheny Energy, Inc.
Audrey received her MBA at Seton Hill University and her BS in accounting from St Vincent College. She is also a member of the International Energy Credit Association.
Bart Oosterveld, Managing Director, Head of Sovereign Risk Group, Moody’s Investors Service
Bart Oosterveld is a Managing Director and the head of Moody’s Sovereign Risk Group. In this capacity, he supervises Moody’s global team of sovereign risk analysts, helps maintain the quality of ratings, and assures analytical leadership. Prior to assuming this position, Bart served as Chief Credit Officer for the Global Public, Project and Infrastructure Finance franchise, responsible for ratings performance and consistency in the Sovereign, Sub-sovereign, U.S. Public Finance, and Infrastructure Finance areas.
Bart is a member of Moody’s Credit Policy Committee and Macroeconomic Board, and serves as the management representative to the Moody’s Investors Service Board, a sub-committee of the corporation’s Board of Directors. He first joined Moody’s in 1997 and is the author or co-author of a large number of Moody’s special comments and rating methodologies.
Bart holds degrees in Law and Spanish Literature from the University of Amsterdam. He received a Master of Public Administration from Columbia University, and an MA in Economics from Georgetown University. He recently advanced to candidacy and is in the dissertation phase of his doctorate in Economics.
Nihil Patel, Director, Research, Moody’s Analytics
Nihil Patel is a Director in the Portfolio Research group at Moody's Analytics. As part of the portfolio research team, he is responsible for Moody's Global Correlation Model (GCorr)--Moody's Analytics model for estimating asset correlations for public firms, middle market firms, retail borrowers, commercial real estate (CRE), sovereigns, and asset-back securities. Since joining Moody’s Analytics in 2006, Nihil has primarily focused on enhancing GCorr to model U.S. CRE, U.S. Retail, middle market firms, and most recently sovereign assets. In addition he supports Moody's Analytics Advisory Services extensively on correlation and stress testing projects.
Nihil holds a MSE in Operations Research and Financial Engineering from Princeton University and a BS in Industrial Engineering and Operations Research from UC Berkeley. Prior to joining Moody’s, Nihil worked as an Analyst for Cornerstone Research, a firm which specializes in litigation consulting. Nihil is a CFA charter holder.
Mehna Raissi, Associate Director, Moody’s Analytics
Mehna Raissi is a Product Manager with Moody’s Analytics in San Francisco, and has been with the firm for over three years. She supports the product development and management of single-obligor credit risk products, which include RiskCalc, Loss Calc, and Commercial Mortgage Metrics.
Mehna has a background in Banking where she worked within the Product Management organization in Wholesale, Business and Consumer Banking.
Mehna completed her Bachelors in Managerial Economics from University of California Davis, and her MBA from University of San Francisco.
Sean A. Rowles, FCIBS
With 20 years professional experience, Sean is known in the Retail Banking Industry as an energetic and motivational business leader. Recognized as an extremely effective change agent, Sean is pre-determined to challenge the status quo and identify innovative Customer oriented solutions to any opportunity.
A native Australian, Sean has lived and worked in six countries. This broad international experience provides Sean with a unique perspective, sensitivity and ability to embrace many different cultural experiences - professional &/or social.
In 2005 Sean was recruited to join the Royal Bank of Scotland in Edinburgh. In his role as Chief Credit Officer - UK Retail he was accountable for annual Bad Debts in excess of $3bn USD.
Sean was recognized as a world class expert in Retail Banking when he was tapped in 2007 to lead a business transformation initiative across the UK Retail Bank, a business that delivers in excess of $7bn in annual profits with a 16 million strong customer base.
Sean returned to the USA in 2008 as the Chief Credit Officer of Citizens Financial Group in order to help steer the business through the emerging economic and financial crisis.
Prior to joining the Royal Bank of Scotland, Sean worked at Citibank in Australia, General Electric in Australasia and 7 years at Washington Mutual in Seattle where he successfully held numerous executive positions. Most notably, he was the Retail Bank executive in charge of California across to Florida responsible for over 1,100 branches, a staff of over 12,000 and an annual profit in excess of $1.5bn. During this tenure his franchise was internationally recognized and became the inaugural recipient of the JD Power Best Consumer Retail Bank award.
Sean has a passion for bringing his professional competency to community based organizations.
In 2006 he was elected a non-executive Board member of the Royal Zoological Society of Scotland. Raising the profile of RZSS on the international stage he successfully spearheaded a diplomatic and conservation engagement with the Chinese and UK Governments to secure a pair of Giant Panda for Edinburgh Zoo – one of only 10 outside of China to hold the world’s most beloved endangered animal.
While living in the UK Sean served as a professional executive delegate into the Prince’s Trust and the Prince’s Scottish Youth Business Trust.
In 2006 Sean was nominated and elected to a fellowship of the oldest and most prestigious banking institution in the world – the Scottish Chartered Institute of Bankers.
In October of 2010 Sean was the recipient of the Consumer Credit Excellence Award in the category of International Credit Management.
Sean has a young family of three wonderful boys – Ewan, Jacob and Brenden – and his newest addition to the family, Madigan. Sean is enormously proud of his American wife Robyn Rowles who has a very successful career as a fine art photographer.
Glen E.S. Siniawski, Senior Vice President, Credit Portfolio Management
Glen Siniawski is a Senior Vice President in the Credit Portfolio Management Group of The PNC Financial Services Group. Glen directs the wholesale risk rating team, which includes scorecard design, review, model validation and BASEL compliance. In addition, he leads other strategic credit-related initiatives for the Bank.
From 2004 to 2011, Glen managed PNC’s industry risk and credit stress testing functions, including loan loss and reserves forecasting for the Federal Reserve SCAP and CCAR programs.
Siniawski has nearly 15 years of experience in the financial services industry and has held numerous positions within PNC, including Relationship Manager within the firm’s Corporate Banking division. He holds a bachelors degree in Industrial Management from Carnegie Mellon University and Series 7 and 63 securities licenses.
Zhao Sun, Ph.D., Director, Moody’s Analytics
Zhao Sun is a Director of the Capital Markets Research Group at Moody’s Analytics in New York. Since joining Moody’s in 2008, he has been contributing actively to developing and maintaining market-based credit risk models. As one of the lead researchers in the public firm EDF, through-the-cycle EDF (TTC EDF) and Market-Implied-Ratings, he is also responsible for various client-facing and internal training functions.
Prior to joining Moody’s, he was an associate professor of finance at the Edwards School of Business, University of Saskatchewan, Canada, where he accumulated extensive teaching and research experiences in asset pricing, fixed-income and derivative securities.
Zhao Sun received his PhD in finance from the Rotman School of Management, University of Toronto. He earned MS in resource economics from the University of Massachusetts at Amherst. He is also a Chartered Financial Analyst (CFA) charterholder.
Philippe Tremblay, Risk Management Senior Director, Caisse de dépôt et placement du Québec
Philippe Tremblay is a Risk Management Senior Director at the Caisse de dépôt et placement du Québec, one of the leading institutional fund managers in Canada, which he has joined in 2002. Philippe leads a team responsible of measuring and managing credit, concentration, counterparty and liquidity risks. In particular, he is in charge of the global internal credit rating system, the credit and counterparty value at risk models, and the liquidity risk scenarios analysis. Philippe holds a BAA (finance) and a M.Sc. (financial engineering) from HEC Montréal, and is also a CFA and FRM charterholder.
Vanessa Wu, Managing Director, Product Management, Moody's Analytics
Vanessa Wu manages the Portfolio and Single Obligor products, including RiskFrontier, RiskCalc, and CMM (Commercial Mortgage Metrics). Vanessa joined KMV Client Services in February 1997 after a few years in litigation and economic consulting. She assisted global financial institutions implement credit risk management solutions, including two years in London. Prior to moving to Product Management, Vanessa headed the Global Client Support and Training team.
Vanessa graduated Magna Cum Laude from the University of California, Los Angeles in Applied Mathematics, Emphasis in Business Administration, and Specialization in Computing.
Yanruo Wang, Assistant Director-Research Associate, Moody’s Analytics
Yanruo works in the single obligor research group. Since joining Moody’s Analytics in 2010, Yanruo has been working on measuring private companies’ financial statement quality and applying risk measures in accounting regulatory compliance. She holds a Ph.D. in Accounting from the Graduate School of Business, Stanford University and a M.A. in Economics from Washington University in St. Louis.
Robert J. Wyle, CFA, Senior Director, Product Management, Moody’s Analytics
Robert J. Wyle, CFA, is a Senior Director in Product Management for the Software Division. Rob joins MKMV from KPMG where he was the Director of the National ALM Practice. Prior to joining KPMG, Rob was Director of Market Risk Management at E*TRADE Financial where he was responsible for the daily quantification of interest rate risk across all businesses and product lines using QRM, the Bank’s risk management software system. Prior to that, Rob was the ALM Product Manager for SunGard Trading and Risk Systems. Other professional risk management roles include the Dime Savings Bank and the Federal Home Loan Bank of New York.
Mark Zandi, Chief Economist, Moody's Analytics
Mark Zandi is chief economist of Moody's Analytics, where he directs research and consulting. Moody's Analytics, a subsidiary of Moody's Corporation, is a leading provider of economic research, data and analytical tools.
Mark's research interests include macroeconomics, financial markets and public policy. His recent research has focused on the determinants of mortgage foreclosure and personal bankruptcy, analyzed the economic impact of various tax and government spending policies, and assessed the appropriate policy response to bubbles in asset markets.
Mark also conducts regular briefings on the economy. He is often quoted in national and global publications and interviewed by major news media outlets and is the author of Financial Shock, an exposé of the financial crisis. His forthcoming book, Paying the Price, provides a roadmap for meeting the nation's daunting fiscal challenges. A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Mark has frequently testified before Congress on topics including the economic outlook, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi received his PhD at the University of Pennsylvania, where he did his research with Gerard Adams and Nobel laureate Lawrence Klein, and received his B.S. from the Wharton School at the University of Pennsylvania.
Dr. Jing Zhang, Divisional Managing Director and Global Head of Quantitative Research, Moody’s Analytics
Dr. Jing Zhang is a Divisional Managing Director and the Global Head of Moody’s Analytics Quantitative Research Group. Formerly known as Moody’s KMV Research Group, his group is responsible for the quantitative modeling behind the EDF and LGD models for both public and private firms, commercial real estate, and portfolio analytics.
Jing joined the research team at the former KMV in 1998, eventually becoming a Director in the Research Group. In that role, besides managing day-to-day research operations, he made major contributions to a number of KMV quantitative models. Since then, Jing has held a number of additional senior roles at Moody’s KMV in Product Management and the Client Solutions Group, and he has many years of experience advising clients on risk management issues.
Jing obtained his Ph.D. from the Wharton School of the University of Pennsylvania and his Master Degree from Tulane University. He is also a lecturer for the Master of Financial Engineering program at the University of California, Berkeley.
Janet Zhao, Associate Director, Research Associate, Moody’s Analytics
Janet joined the MKMV Research team of Moody's Analytics in January 2008. She has worked on RiskCalc NA Large Firm, China, Russia and Emerging Markets models. Janet works with clients to facilitate better understanding and applications of RiskCalc models. Besides RiskCalc, she also works on research initiatives such as exposure at default modeling and accounting quality measurement.
She received PhD in Finance from City University of Hong Kong and PhD in Accounting from Carnegie Mellon University.