SAS Model Risk Management Connection

David Palmer
Senior Supervisory Financial Analyst, Division of Banking Supervision and Regulation, Federal Reserve Board

David’s work focuses on banks’ model risk management practices, banks’ and supervisors’ stress testing activities, banks’ capital planning practices, validation of supervisory stress testing models, and banks’ credit risk capital models. He was a primary author of the Federal Reserve’s Supervisory Guidance on Model Risk Management (SR 11-7) and continues to lead its implementation. He was a key contributor to the supervisory guidance on capital planning for large firms and final rules to implement Dodd-Frank Act stress testing requirements and the Capital Plan Rule. More recently, David has evaluated supervised firms’ use of fintech, including AI/machine learning.

Romana Mizdrak
Managing Director, Risk Quantification Division, Office of the Superintendent of Financial Institutions (OSFI), Canada

With nearly 20 years in the financial services sector in Toronto, Romana has worked in various technical roles related to model risk management, including quantitative analysis, risk monitoring and model validation. Recently, Romana has been actively engaged in understanding how advanced analytics – AI and machine learning – are reshaping the financial industry in Canada. Romana holds an MA in mathematics and statistics, and a graduate degree in financial engineering from York University in Toronto.

David Asermely
Global Model Risk Management Lead, SAS

David will present the SAS MRM roadmap. As Global MRM Lead at SAS, he drives strategic conversations with global institutions about the SAS® Model Risk Management solution roadmap. He is passionate about translating data into actionable intelligence and focuses on combining the best technologies and design principles to improve modeling efficiency and quality. Before joining SAS, David managed the Bank of New York Mellon’s global performance and risk analytics product set.

Stephen Manly
Managing Director, Model Risk Division, Office of the Superintendent of Financial Institutions (OSFI), Canada

With more than 25 years of experience in the financial services sector, Stephen has held various roles related to risk management, including model risk, in the life insurance industry and at OSFI. Stephen has been actively engaged in activities such as updating OSFI’s guidance on enterprise-wide model risk management. Stephen holds a Financial Risk Manager (FRM) designation and is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Society of Actuaries. He earned a BS in mathematics (actuarial science) from the University of Waterloo.

Alison Scott
Director, Supervisory Risk Specialists, Prudential Regulation Authority (PRA), Bank of England

Alison is responsible for the technical risk supervision of financial resilience of the UK’s largest, most systemically important banks and building societies. In previous roles, she was a Head of Division in Prudential Policy with responsibilities for the prudential framework for banks covering both solvency and liquidity frameworks as well as Prudential Policy's work on stablecoins and crypto assets. From 2014 to 2017, she led the Bank’s annual stress test on behalf of the PRA. She joined the Financial Services Authority (FSA) in 2004 from Oliver Wyman and has a PhD in Chemical Engineering.