Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
John Baer is a Managing Director focusing on credit assessment and origination solutions. John has worked with clients around the world designing and developing credit risk solutions specifically targeted on borrower and transaction risk. John works closely with the RiskAnalyst and RiskOrigins solutions that are used by over 200,000 risk-minded end users. These risk management software solutions include origination and risk monitoring workflow tools, counterparty risk rating models, portfolio exposure monitoring products, and spreading applications. 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.
Eric Bao, Director. Eric joined Moody’s Analytics in 2013 and has been dedicated to credit risk research on commercial real estate. He is the leading researcher behind the development of Moody’s latest analytical model for CRE mortgage loans, CMM 3.0. In addition, he has acted as technical lead on several CMM customization and stress testing projects for top global financial institutions. Eric obtained his Ph.D. in economics with a focus on real estate and urban economics from The Ohio State University.
Victor Calanog is Chief Economist and Senior Vice President at Reis, a division of Moody’s Analytics. He and his team of economists and analysts are responsible for the firm’s market forecasting, valuation, and real estate portfolio analytics services.
Dr. Calanog’s research has received awards and fellowship support from several institutions, including the Ford Foundation, the Russell Sage Foundation and the Penn Lauder Center for International Business Research.
A prodigious researcher with broad interests, his papers in real estate economics, local government competition, and urban fiscal policy have been presented in meetings of the American Economic Association, the American Finance Association, the Brookings Institution, and discussed in academic forums sponsored by Harvard Business School, Columbia University, Stanford University, the Wharton School of the University of Pennsylvania, and the Stern School of Business at New York University.
Jun Chen is a senior director at Moody’s Analytics where he leads the commercial real estate (CRE) research team. His team conducts empirical research and develops quantitative models focused on CRE loan credit risk for Moody’s Analytics product and service offerings.
Jun has many years of experience and is an established domain expert in the real estate finance industry. His expertise covers a wide range, including areas such as commercial real estate market analysis, credit risk modeling, stress testing, and portfolio management. His work has been published widely in academic and professional journals and conferences. Jun has a Ph.D. with a specialty in real estate finance and urban economics from the University of Southern California. He has an MA and a BA from Tongji University.
Annie Choi is a Senior Director of Product Management in the Enterprise Risk Solutions division of Moody’s Analytics. Annie has over 20 years of experience managing and designing software, the last 15 within the financial services industry. Annie has been with Moody’s Analytics since 2008, leading creative technology teams. She is currently responsible for the Moody’s Analytics Credit Assessment and Origination product, documentation, user experience, and training teams. Prior to joining Moody’s Analytics, she worked for Bank of America as a user experience manager focusing on their credit card online experience. Annie is currently based in San Francisco and is co-executive sponsor of the Moody’s Analytics San Francisco Women’s Employee Resource Group.
Raymond Conover is a Senior Vice President in Credit Risk at Bank of America. Based in Charlotte, his current responsibilities are primarily focused on the Banks’ Allowance for Loan and Lease Losses, Current Expected Credit Losses (‘CECL’)and IFRS 9 implementation and execution, CCAR and DFAST stress testing and documentation for allowance as well as credit-related peer reporting and analytics.
With 20 years of financial services experience, Raymond previously held CFO roles at Bank of America & Merrill Lynch in New York and Hong Kong focused primarily in Corporate Treasury Funding and Liquidity management. Prior to that, he was with PricewaterhouseCoopers in New York where his client focus was in the Capital Markets Assurance practice. Raymond is a graduate from Rutgers Business School with a B.S. in Accounting and is a New York State Certified Public Accountant (Inactive).
Jill Coppersmith is a Senior Director in the Enterprise Risk Solutions Division of Moody’s Analytics, operating as the global lead of Credit Assessment and Origination Services, a team of approximately 100 people in 10 cities around the world. Her team, along with Moody’s subject matter experts, works closely with clients to understand their business needs and guide the implementation of the Moody’s CAO software, namely CreditLens™ and Lending Cloud™. These implementations are executed on approximately 140 million USD of Sales and Revenue annually.
Ms. Coppersmith’s prior Moody’s experience includes work as a regional and global practice lead responsible for business development of ERS software. In this capacity, Ms. Coppersmith worked closely with clients and the Moody’s Sales team to define solutions to meet client business needs. Ms. Coppersmith also worked previously as part of the Services and Engineering teams to design, develop, and lead software implementations, including the design of upstream and downstream integration of software platforms.
Earlier in her career, Ms. Coppersmith worked in the Systems Consulting Group for Crowe Chizek (now Crowe Horwath), where she designed, developed and managed custom software development projects for clients in the financial industry. She was also trained in the Capability Maturity Model (CMM) and served as an evaluator in the firm’s efforts to achieve certification. Prior to Crowe Horwath, Ms. Coppersmith worked for IBM in a group responsible for building application development tools for enterprise engineers.
Ms. Coppersmith earned her degree from the Indiana University Kelley School of Business, concentrating in Business Information Systems and Mathematics.
Cristian deRitis is a senior director at Moody’s Analytics, where he leads a team of economic analysts and develops econometric models for a wide variety of clients. His regular analysis and commentary on consumer credit, policy, and the broader economy appear on the firm’s Economy.com web site and in other publications. He is regularly quoted in publications such as The Wall Street Journal for his views on the economy and consumer credit markets. Currently, he is spearheading efforts to develop alternative sources of data to measure economic activity more accurately than traditional sources of data.
Before joining Moody’s Analytics, Cristian worked for Fannie Mae and taught at Johns Hopkins University. He received his Ph.D. in economics from Johns Hopkins University and is named on two U.S. patents for credit modeling techniques.
Douglas W. Dwyer, Managing Director, heads the Single Obligor Research Group in the Moody’s Analytics Quantitative Research Group. This group produces credit risk measures of corporations and financial institutions worldwide. The group’s models are used by banks, asset managers, insurance companies, accounting firms, and corporations to measure name specific credit risk for a wide variety of purposes. We measure credit risk using information drawn from a mixture of financial statements, regulatory filings, security prices, and derivative contracts. For each asset class, the methodology is developed based on the available information for each obligor. 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 including China and Russia. The group also designed a scorecard that incorporates qualitative and quantitative information for an improved assessment of credit risk and extended the coverage of the private firm default models to include Not-For-Profits, Dealerships and Real Estate Operators. One current focus of the group is the application of its risk models to the stress testing of bank portfolios.
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.
Danielle H. Ferry is Senior Director of Strategy & Innovation in the Moody’s Analytics (MA) Accelerator, MA’s incubator for transformative innovation in FinTech, where she is currently focused on new product discovery. Danielle has held a number of different roles at MA, including driving strategic initiatives for the MA executive team and leading a quantitative modeling and analytics team. Before joining MA, Danielle worked in asset management and enterprise risk management at C12 Capital Management, AIG, Morgan Stanley, and Bear Stearns. Danielle holds a Ph.D. in Economics from The Graduate Center of The City University of New York and a B.A. in Economics and Political Science from Boston University.
More information coming soon!
Christian Henkel is a Senior Director within Moody’s Analytics REIS, a leading provider of Commercial Real Estate (CRE) data and analytics. He is responsible for advancing Moody’s Analytics position in the commercial real estate (“CRE”) market by architecting and overseeing the delivery of data and analytical solutions that support our customers’ underwriting, research, risk management, and investing activities.
Prior to joining Moody’s Analytics REIS in 2019, Christian led Moody’s Analytics Advisory Services practice with offices in New York, San Francisco, and London. The Advisory Services team delivered consulting engagements for hundreds of banks, insurers, and other financial institutions across the globe. Typical projects involved credit administration, credit risk modeling, risk rating enhancement, stress testing (DFAST/CCAR), allowance for credit losses (IFRS 9/CECL), portfolio monitoring, and capital management.
Christian received his master’s and undergraduate degrees from the University of Texas and graduated Valedictorian from the Southwestern Graduate School of Banking at Southern Methodist University. Having spent 22 years in the commercial banking sector, working with more than 100 financial institutions, Christian brings a unique blend of business and academic experience to understand and meet the needs of Moody’s Analytics customers.
More information coming soon!
Katie Hysenbegasi is a Managing Director, in the Enterprise Capital Adequacy Group of the Bank of NY Mellon. In the current position, Katie is leading a team of 20 modelers/analysts for Stress testing, CECL/IFSR9, and Basel III covering credit risk. In addition, she is responsible for the scenario design and macroeconomic factors forecasting. Katie joined BNY Mellon in January 2006 as a head of the credit risk modeling group. During her career, she has served as Citigroup Vice President developing statistical models to support marketing and risk management. Katie also has taught for the Department of Economics at Baruch College, CUNY, as an adjunct assistant professor and lecturer. Katie obtained an M.S. in Applied Mathematics for Finance from Baruch College of CUNY; an M.A. degree in Economics and a Ph.D. in Applied Economics from WMU 2001.
Dr. Amnon Levy is a Managing Director in the Research and Modeling Group of Moody’s Analytics. He Heads the Portfolio and Balance Sheet Research group that is responsible for research and quantitative services related to Moody’s Analytics’ portfolio, balance sheet, stress testing, and impairment solutions. The team designs solutions that bring together regulatory requirements, accounting standards and economic risks in credit valuation, and portfolio, capital and balance sheet management. The team is also exploring how to manage credit in the face of climate risk, and the use of artificial intelligence and machine learning in portfolio strategy design. 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 Moody’s Analytics (originally KMV), 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, and had worked at the Board of Governors of the Federal Reserve System. Dr. Levy’s research has been widely published in academic and practitioner journals including the Journal of Financial Economics, Journal of Monetary Economics, Journal of Banking and Finance, and Journal of Risk Model Validation. He has also contributed to a number of books, including chapters in CCAR and Beyond - Capital Assessment, Stress Testing and Applications, and The New Impairment Model Under IFRS 9 and CECL.
Anne Martinez serves as an Executive Vice President and Senior Loan Review Officer at Southside Bank. She has been employed by Southside for 20 years and held credit and risk analyst positions prior to her current position in loan review where she has been for the past 11 years. In addition to managing the loan review department, she is also responsible for the allowance process and the transition to CECL. Prior to joining Southside, she was an analyst with Norwest Bank where she completed their College of Commercial Credit.
Anne holds a Bachelor of Business Administration degree in accounting and finance from Texas A&M University. She is currently serving as an advisory director for the Commercial Banking Program at Texas A&M. She is married to Roy Martinez and has a son, Peyton, and a daughter, Katelyn.
Saul has an extensive background covering financial institutions. Saul joined UBS as the US Large Cap Banks analyst in 2016 after having worked as Head of Latin America Financials Institutions at JP Morgan since 2008. Saul's teams were #1 ranked in Institutional Investor surveys in Financials/Banks in that region for four consecutive years (2013 through 2016). Prior to his tenure at JP Morgan, Saul worked eight years at Bear Stearns & Co in various roles, including as the lead analyst covering US Life Insurance. Saul was an investment banker focused on both insurance M&A and real estate IB at JPMorgan before joining Bear Stearns. He has a Master's degree in Public Affairs from the Woodrow Wilson School of Public and International Affairs at Princeton University and graduated summa cum laude from UCLA with a degree in Political Science.
Matthew Michel is a Senior Vice President and manager of the quantitative credit models group at Cadence Bank. His team specializes in PD/LGD credit risk models, incurred loss allowance models, implementation of the allowance models in accordance with the new CECL standards, and portfolio level stress testing. Prior to managing the modeling team, Matthew held positions in C&I underwriting, consumer mortgage underwriting, credit risk reporting, and loan-related business intelligence and database creation. He earned his undergraduate degree from the University of Alabama and is a CFA charter holder.
Arsa leads the Americas Wholesale Credit Model Risk Management at MUFG, the 5th largest financial group in the world with total assets of over $2.9 trillion. His team covers the entire spectrum of credit risk models including credit ratings, Basel AIRB, CCAR/DFAST stress testing, Economic Capital, ALLL, and CECL. Arsa has 15 years of experience in the financial industry; previously he was in Morgan Stanley, Bank of America, and Goldman Sachs in various credit risk modeling and analytics roles. Arsa holds a BS in Computer Science and MS in Computational Finance from Carnegie Mellon University.
Cristina Pieretti is a Managing Director at Moody’s Analytics, where she oversees REIS, MA’s most recent acquisition. Before this, Cristina was driving efforts in Moody’s Analytics Accelerator to identify, research, and develop new business opportunities, with a special focus on new technologies. She was also responsible for evolving the company’s innovation processes.
Prior to this role, Cristina was Senior Director of Executive Programs, in which she coordinated and executed a wide variety of initiatives across Moody’s Analytics. Cristina joined Moody's in 2008 and held product management roles in the structured finance and credit risk measurement businesses. Prior to joining Moody's Analytics, Cristina worked in banking, where she participated in multiple transactions in Latin America. Cristina holds a Bachelor's degree in Systems Engineering as well as an MBA. She is also a CFA charter holder.
Experienced quantitative risk control manager and researcher; applied mathematics expert; model risk management professional Craig Peters heads a Model Risk Management team, where he promotes independent challenge processes that have been adapted for the unique nature of a software analytics firm.
He designs and runs model risk management processes for his group, which develops and maintains Moody’s Analytics well-known credit risk models. He also manages a group of quantitative financial analysts performing implementation verification of these same models.
Chris combines storytelling, data science and operational insight to guide banking’s most abstract question through historic change. Chris has worked with several of the leading financial institutions in North America—including top-twenty commercial banks, government-sponsored enterprises, mortgage servicers, captive auto lenders and private equity funds. His subject matter specialties include servicing advance management, credit loss estimates, and business combinations.
Chris joined TCF in 2018 after 11 years in PwC’s assurance and business advisory practice. He holds degrees in accounting and finance from Tulane University.
Michael facilitates the development of small business lending and credit decisioning solutions for financial institutions. As a member of the Moody’s Analytics Small Business Initiative, he provides industry insights from past experience in the commercial banking and fintech sectors. Prior to joining Moody’s Analytics, Michael served as Customer Success Director for fintech start-up Fundera, a marketplace created to connect small business owners with banks and alternative lenders. Michael also spent several years with PNC Bank, starting with the commercial underwriting group and then transitioning to the business bank segment, supporting small businesses in obtaining financing through SBA loan programs. Michael holds a BS in Finance with an Economics minor from The College of Business Administration of the University of Pittsburgh.
Ashit Talukder leads the AI, Machine Learning (ML) Initiatives at Moody’s Analytics, including new AI, ML-driven products, solutions, and capabilities for financial risk analytics, workflow automation, and human-machine collaborative systems that improve efficiencies for analytics processes from structured and unstructured data. He has a Ph.D. from Carnegie Mellon University and over 20 years of experience in AI, Machine Learning applied R&D. He previously led AI, ML research initiatives at Jet Propulsion Laboratory / NASA, and started the Data Science Program at NIST as Program Director and Division Director for the Information Access Division with over 100 research staff.
Stephen Tulenko serves as Executive Director - Enterprise Risk Solutions for Moody’s Analytics. Prior to this appointment, Mr. Tulenko was Executive Director - Sales, Customer Service, and Marketing from 2008 to 2013.
Mr. Tulenko also worked as Group Managing Director, Global Head of Sales for the Investor Services Group within Moody’s Investors Service, a unit dedicated to providing credit research and risk management tools to buy-side and sell-side institutions. A Managing Director in the organization since 1998, Mr. Tulenko has also managed marketing and product development teams within Moody’s.
Mr. Tulenko joined Moody’s in 1990. He holds an undergraduate degree in Economics and Business Administration from the University of Notre Dame and an M.B.A. in Finance, Marketing, and International Business from the Stern School of Business at New York University.
Yashan Wang is a Senior Director at Moody’s Analytics where he heads the research and quantitative modeling team for portfolio valuation, accounting, and balance sheet analytics. Yashan earned his Ph.D. in Management Science from Columbia University. Prior to joining Moody’s Analytics, Yashan was an Assistant Professor at the MIT Sloan School of Management. At Moody’s Yashan has led research initiatives in impairment modeling under IFRS 9/CECL/SAP, asset pricing, and balance sheet analytics. He has also worked with global clients and provided training and advice on enterprise risk management, asset and liability management, and stress testing.
Wenjing Wang is a director on the commercial real estate research team at Moody’s Analytics. She joined the Moody’s Analytics research team in 2014. Wenjing participated in developing a range of CRE models, and she works closely with clients to understand and to implement the models. Her expertise covers credit risk modeling, stress testing, and commercial real estate market analysis. Wenjing obtained her Ph.D. in economics from Duke University, where her research focused on housing price dynamics and prediction. She also received her Master’s Degree in statistics from Yale University.
Dr. Pierre Xu is a director in the Research and Modeling Group of Moody’s Analytics. He heads the Portfolio Risk Analytics team under Portfolio and Balance Sheet Research responsible for the design and implementation of credit portfolio and capital management solutions across a broad range of global financial institutions. Pierre and his team have pioneered approaches to managing portfolio risk in the face of a constraining regulatory environment. More recently, his team’s research has focused on constrained credit portfolio optimization, quantification of risk appetite in risk-based limits, and portfolio design under CECL and IFRS 9. He holds a Ph.D. in Economics from Louisiana State University, an MFE from University of California at Berkeley, and a BA in Finance from Fudan University.
Alan is a Managing Director at CIBC USA in the Risk Management department. His experience covers a wide range of business, regulatory and risk analytics activities from rating model development, Basel II/III parameter quantification, regulatory and economic capital modeling and reporting, ICAAP/CCAR stress testing, to risk-adjusted performance measurement, risk-based pricing, and model risk management. Prior to joining CIBC, during his time at Deloitte Risk Advisory, he has advised US and international banking clients on a broad range of financial risk and capital management topics, including providing subject matter expertise on ALLL and later CECL. He is a CFA charter holder. Prior to joining Deloitte, Alan worked at ABN AmRo / Bank of America, and Northern Trust in the credit policy and analytics departments focusing on credit policy, credit analytics and capital modeling.
Dr. Jing Zhang is a Managing Director and Global Head of Research & Modelling. 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 was a lecturer for the Master of Financial Engineering program at the University of California, Berkeley from 2010 to 2012. He is also the editor of the RISK book CCAR and Beyond.
Alan is a Managing Director at CIBC USA in the Risk Management department. His experience covers a wide range of business, regulatory and risk analytics activities from rating model development, Basel II/III parameter quantification, regulatory and economic capital modeling and reporting, ICAAP/CCAR stress testing, to risk adjusted performance measurement, risk based pricing, and model risk management. Prior to joining CIBC, during his time at Deloitte Risk Advisory, he has advised US and international banking clients on a broad range of financial risk and capital management topics, including providing subject matter expertise on ALLL and later CECL. He is a CFA charter holder.Prior to joining Deloitte, Alan worked at ABN AmRo / Bank of America, and Northern Trust in the credit policy and analytics departments focusing on credit policy, credit analytics and capital modeling.
Zhong is a Director in Single Obligor Research within ERS Research at Moody’s Analytics. Since joining Moody’s in 2013, he has been instrumental in delivering cutting-edge credit risk modeling research to our clients. He is the lead researcher for the LossCalc model and the RiskCalc LGD scorecard as well as CCAR stress testing models for C&I portfolios. He is also one of the key modelers working on the next generation of public firm EDF model. In addition, he provides research support for the CreditEdge product and the RiskCalc product. Dr. Zhuang holds a Ph.D. in Finance from the University of Wisconsin-Madison and an M.S. in Statistics as well as an M.S. in Economics from Georgia Institute of Technology.
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