"Loan Review and Internal Audit: Will the Pandemic Reshape the Roles and Focus?"

Webinar

 

Date: Wednesday, February 10th 2021

Panel Discussion: 5:00 PM – 6:00 PM ET 

Virtual Networking Reception: 6:00 PM - 6:30 PM ET

 

 

Please join us on February 10th for a discussion on the following:

  • How are the roles of Loan Review and Internal Audit defined across the industry? Does the scope of the roles depend on the size and complexity of the institution?
  • Will the role of Loan Review and Internal Audit change as a result of the Covid pandemic, as the focus shifts during the current economic cycle and the monitoring of needs during this and future cycles might change?
  • Should we explore organizational structures of the functions and what makes sense to achieve efficiencies, reduce complexities, but at the same time maintain good governance?
  • How do regulators shape what banks are required to do during this cycle, providing relief as to loan modifications, but at the same time heightening standards on general requirements?
 
At the conclusion of the panel discussion, attendees will have the option to participate in virtual breakout rooms to continue the discussion with panelists and other attendees. This virtual reception will be held from 6:00pm to 6:30pm.

 

 

 

Confirmed Panelists:

 

Magnus Gythfeldt, Credit Review Executive, Bank of America

Magnus Gythfeldt is the Credit Review Executive covering Global Markets (GM), Global Wealth & Investment Management (GWIM), and Global Corporate & Investment Bank Financial Institutions (GCIB FI) portfolios, and is responsible for examining and monitoring the credit portfolio and identifying both existing and emerging risks. His team manages credit risk through an independent assessment of credit-lending decisions and an evaluation of the effectiveness of credit processes and policies. Magnus joined Bank of America in 2019.

 

Prior to joining Bank of America, Magnus held a number of roles in Credit Risk for Deutsche Bank (2009-2019) and Barclays (2000-2009). Most recently he led the build-out of the credit risk platform for DB’s Global Markets lending and financing businesses. He was responsible for providing independent risk management including oversight of credit risk appetite, underwriting, monitoring and risk rating processes. Previously, Magnus served as the North America Regional Head of Credit Risk for DB’s Financial Institution clients. He began his career with DB serving as the Deputy Head of Credit Risk in Tokyo, Japan, where he was responsible for overseeing DB’s Japanese portfolios.

 

While at Barclays, Magnus was a senior member of the leveraged finance credit team, where he partnered with the business and other control functions to establish and grow what was a new business for the company. Other key roles at Barclays included credit restructuring, where he sought to maximize the recovery of a portfolio of non-performing loans. Magnus also held roles covering infrastructure and project finance.

 

Magnus began his career in consulting, with a focus on litigation advisory services specializing in patent and trademark valuation. He worked closely with law firms acting on behalf of both plaintiffs and defendants, providing detailed financial impact assessments resulting from alleged intellectual property infringement.

 

Magnus is the executive sponsor for Credit Review’s employee satisfaction team (CREST). CREST’s mission is to drive improvement in associate satisfaction/engagement, and diversity and inclusion.

 

Magnus is a Chartered Financial Analyst (CFA) Charterholder, and hold a B.S. in Business Administration (Finance/ Public Policy) degree from Indiana University, and an MBA from New York University.

 

 

Joseph Hill, Founder and Chairman/President and CEO, CEIS Review

Joseph Hill is founder and Chairman/President and CEO of CEIS Review, Inc. The firm was formed for the purpose of providing professional consulting services to bankers by bankers.

 

CEIS Review is a consulting firm specializing in Loan Review on general and specialized portfolios, Stress Testing, Validation of Loan Loss Reserve Methodology, and other commercial loan portfolio related projects. The company was established in 1989 having served a few hundred banks since that time. Currently CEIS enjoys a relationship with approximately 135 financial institutions primarily in the US but also off-shore. 

 

Mr. Hill has over 35 years of commercial banking and financial management experience resulting from his prior association with money market and regional banks as well as his business investment and consulting activities. Management positions were held by Mr. Hill at the Bank of Virginia, Bankers Trust Company, Barnett Banks of Florida, Inc., Franklin National Bank, and Irving Trust Company.

 

He has reorganized and managed commercial and real estate lending divisions as well as loan and credit administration functions. Mr. Hill has chaired loan committees, written and administered commercial and real estate policies, redefined and managed commercial lending training programs. His direct lending activities as a banker were varied and included general and specialized.

 

In the business community, Mr. Hill previously variously served as director, president, chief financial officer, project manager for firms in specialized chip manufacture, alternative energy, oil production, real estate development, and chemical manufacturing. 

 

 

Douglas Wicker, Executive Vice President and Credit Risk Review Executive, The PNC Financial Services Group

Doug Wicker is Executive Vice President and Credit Risk Review Executive for The PNC Financial Services Group. In this capacity he leads the Independent Credit Risk Review function, and is a member of the Independent Risk Management Division’s management team in its efforts to strengthen enterprise risk management practices and ensure a comprehensive portfolio risk management process.  

 

Prior to being named to his current position in October 2019, Wicker served a variety of leadership roles including Assistant General Auditor, Director of the Central Credit Products Group and Chief Operating Officer for Commercial Banking. Wicker has held other roles in Risk Management including leading efforts to re-engineer PNC’s allowance for loan and lease loss process and serving as senior enterprise risk officer. In addition, he was Senior Project Manager for the National City integration and Chief Operating Officer for Credit Risk. His work leading the development of credit process technology was granted a patent in 2010.

 

Wicker joined PNC in 1988 as a commercial underwriter before moving into large corporate treasury management sales. He also led an internal consulting unit tasked with expense reduction, revenue enhancement and strategic process improvement across PNC.

 

Active in the community, Wicker serves on the board of trustees for Trinity School for Ministry including five years as chairman and is on the board of trustees for Grove City College. Previously he served as president of the board of trustees for the Anglican Diocese of Pittsburgh and the board of the Pittsburgh Fellows.

 

Wicker holds a bachelor’s degree in international business and finance from Grove City College. He completed the Wharton/RMA Advanced Risk Management Program, is a permanent certified cash manager with the Association for Financial Professionals and has been a speaker at various conferences.

 

 

Michael Castagnetta, Credit Risk Management Director, U.S. Financial Services Advisory Risk & Regulatory Practice, PwC

Mike is a Credit Risk Management Director within the PwC U.S. Financial Services Advisory Risk & Regulatory practice with 25+ years of credit risk management experience. Mike serves as one of PwC’s leading specialists on credit review functions and credit risk management topics. Mike has assisted in designing and performing end-to-end reviews / quality assessments of 35+ credit review functions.  He has performed this work during advisory / consulting engagements, audit co-source arrangements, and has worked in a subject matter specialist role to support PwC audit clients.

 

 

His range of credit risk management experience includes: full credit life-cycle knowledge of commercial and consumer lending; risk management governance and organizational design; credit risk measurement, analysis, and reporting; due-diligence; design and development of quantitative and qualitative credit risk rating systems; model validation testing (U.S. SR 11-7); ACL / CECL methodology design and implementation. His clients have included G-SIFIs/G-SIBs, large regional & community banks, specialty lenders, insurance companies, asset managers, private equity, multilateral banks, and GSEs.

 

 

Before joining PwC in 2010, Mike worked in the industry for 17 years in senior level roles with BBVA USA, Citigroup, and Wachovia (now Wells Fargo).  Mike holds a Bachelor of Science, Business Administration (Finance) from Auburn University. 

 

 

 

 

Moderator:Brian S. Strauss, Chairman, RMA New York Chapter

Brian S. Strauss serves as Chairman of the Risk Management Association - New York Chapter (RMA NY) and he is a former Chairman of the Capital Markets Credit Analysts Society (CMCAS). Brian was most recently an Executive Director and Senior Credit Officer at Natixis North America LLC, where he and his team were responsible for managing the firm’s credit risk to Financial Institutions and Structured Credit counterparties. Before joining Natixis, Brian worked for several years as a consultant at PricewaterhouseCoopers and then eDelta Consulting, advising financial institutions on risk management, regulatory and compliance-related matters.

 

Prior to joining PwC, Brian served as Managing Director and Chief Risk Officer of KCG Americas LLC, as well as Deputy CRO of KCG Holdings, Inc. Brian previously served as CRO of Knight Capital Group, a predecessor firm, where he had global responsibility for credit, market and operational risk management. Before being promoted to this newly-created role in September, 2012, Brian had served as Chief Credit Officer of the firm.

 

Brian was previously a Managing Director and Senior Credit Officer at UBS Americas Inc., where he served as Co-Head of Hedge Fund Credit in the Americas. While at UBS, Brian was the primary risk liaison to the domestic and international equities businesses and the exchange-traded derivatives businesses globally. Prior to joining UBS, Brian was employed by Bank One N.A. as a Managing Director and Capital Markets Credit Officer, where his responsibilities included managing the bank's exposure to hedge funds, securities firms and money managers, and overseeing the ISDA documentation group.

 

Brian received a B.Sc. in finance from Georgetown University and an M.B.A. in finance from the Leonard N. Stern School of Business at New York University.

 

 

 

 

Thank you to S&P Global Ratings for being our GOLD sponsor for the year.

S&P Global Ratings Website

 

 

 
 
**Registration can be done online by clicking here. If you prefer, you may submit your registration via fax (914-332-1541) with the following information: 

 

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