Financial institutions are required to get their asset liability management process and model validated by a third party. Read this informative article to learn how to get the most out of the process

Validating your asset liability management model beyond checking the compliance box

The National Credit Union Administration (NCUA) issued an addendum to the Other Supervisory Committee Audit Minimum Procedures Guide and it affects credit union's use of CECL 

NCUA’s recent addendum related to CECL model validations

Stay ahead of key trends in the banking industry such as tax updates, BSA/AML, NMTCs, regulatory updates and much more 

2023 Banking industry key takeaways: Preparing your bank for 2024

CECL models generally represent high risk compared to other models financial institutions use, making model validations are an essential component of model risk management

How to maximize the value of a CECL model validation

Not-for-profit organizations must implement the current expected credit loss (CECL) standard now to comply with this new accounting regulation.

Demystifying CECL: A guide for NFPs to managing credit losses

This informative article discusses the latest OCC guidance for your banks on model risk management and model validations

OCC guidance on model risk management and model validations

This informative article discusses the current expected credit loss (CECL) discounted cash flow method and explores if this method fits the needs of your financial institution

CECL implementation: Why the discounted cash flow method could be right for your institution

Sean Statz is a director with Baker Tilly’s risk advisory practice. He is a member of the financial services team and specializes in providing data analytics and financial modeling services to financial institutions. Prior to joining Baker Tilly, Sean worked for a financial institution consulting firm, specializing in M&A, CECL and other data-focused advisory services to banks and credit unions.

Sean Statz is a director with Baker Tilly’s risk advisory practice.

Bachelor of Business Administration in risk management 

More than 10 years of experience specializing in financial institutions

Leads the data analytics initiative for the firm’s financial services team

Develops client focused data analytic solutions to support and enhance existing client relationships

Provides advisory services related to financial institution loan portfolios, deposit portfolios and strategic growth initiatives

Provides CECL implementation and post-implementation support including validating CECL models

Performs extensive modeling for financial services clients including stress testing, budgeting, CECL, and asset and liability management

Experience with business combination accounting including balance sheet valuation and day 1 and day 2 accounting

Chartered Financial Analyst (CFA) Institute

Chartered Financial Analyst (CFA) Society Madison

Join Baker Tilly for our annual year-end webinar as we explore the banking and capital markets industry. This webinar will provide a thorough overview of the key trends, developments and hot topics that have shaped 2024 and will help you prepare for 2025.   Our specialists will cover several hot-button topics including tax updates, financial crimes, risk, mortgage and more. They will be discussing major industry updates and providing their insights into key topics for 2025.    Learning objectives:   Tax Assess tax legislation on the horizon post-election    Prepare banks for implications regarding the sunsetting of Tax Cuts and Jobs Act (TCJA)    Discuss deferred tax asset planning with changing tax rates    New Market Tax Credits (NMTC) Review latest updates on tax credit equity investments such as Renewable Energy Tax Credits (RETCs) and New Markets Tax Credits (NMTCs)  Understand how to effectively position your organization to receive eligible credits and mitigate complexities  Discuss election results’ potential impact on tax credit investment opportunities  Risk advisory Review updates on regulatory hot topics     Assess emerging risks for banks    Understand regulatory updates, guidelines and risks for Enterprise Risk Management (ERM) and Artificial Intelligence (AI) trends    Mortgage   Prepare for the impact of Federal funds rate cuts including mortgage quality control and servicing    Discuss general market updates and upcoming requirements    Review key considerations for quality control and updated fraud considerations   Cybersecurity   Review and understand the current trends and risks in the cybersecurity landscape that organizations face  Discuss the current state of regulations and outlook for the future     Understand key action items that can be taken to reduce the cyber risks that your organization faces  Audit and accounting   Review FASB updates and upcoming changes    Discuss accounting considerations for areas potentially impacted by the current environment such as goodwill and other real estate owned  CECL  Review CECL trends and hot topics from 2024  Prepare for CECL volatility with potential decreases in interest rates throughout 2025  Discuss key features of an effective stress-testing and back-testing process  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: Two (2) hours total credit  Field of study: Specialized Knowledge  For more information regarding administrative policies such as complaint and refund policies, please email learning@bakertilly.com.  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. 

Sean Statz

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Madison, WI

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