A Common-Sense Approach to AML/BSA Customer Risk Modeling€¦ · A Common-Sense Approach to...
Transcript of A Common-Sense Approach to AML/BSA Customer Risk Modeling€¦ · A Common-Sense Approach to...
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A Common-Sense Approach to AML/BSA Customer Risk Modeling
Christopher Brauser, CPA/ABV/CFF, CIRA, CAMS
Chief Executive Officer
Frank Ewing, CAMS
Partner/ Assistant General Counsel
AML RightSource
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Christopher Brauser CPA/ABV/CFF, CIRA, CAMS
Chief Executive OfficerEducation
The Wharton School at the University of Pennsylvania
MSc Finance and Accounting
The London School of Economics and Political Science
Bsc Economics (Finance and Accounting)
Professional Background
Mr. Brauser is the Chief Executive Officer of AML RightSource and serves as a primary Subject Matter Expert. Mr.Brauser has focused his 20-year career on forensic and investigative accounting, with a specialized focus on Anti-Money Laundering (“AML”) for the last decade. He is a frequent speaker on AML topics and issues, and providesspecific focus on data analytics and statistically-derived methodologies for measuring and managing risk. Anaccomplished financial and consulting professional, he has also frequently served as an expert in the areas offinancial analysis, mathematics, econometrics, and forensic accounting in a number of courts and arbitrations. Mr.Brauser is a Certified Public Accountant in the State of Ohio, is Accredited in Business Valuation and Certified inFinancial Forensics by the American Institute of Certified Public Accountants, is a Certified Insolvency andRestructuring Advisor, and a Certified Anti-Money Laundering Specialist.
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Frank Ewing CAMS
Partner/Assistant General Counsel
Education
SUNY Buffalo Law School
J.D., Magna Cum Laude
Le Moyne College
Bachelor of Arts in Political Science, Summa Cum Laude
Professional Background
Mr. Ewing is the partner in charge of operations and subject matter expertise in the firm’s risk and compliancepractice and also serves as Assistant General Counsel. He is a licensed attorney and anti-money laundering expertwith over 13 years of combined professional experience in global consulting, banking, and law. Mr. Ewing hasextensive hands-on experience in the areas of anti-money laundering compliance, regulatory enforcement actions,regulatory affairs, internal audit, commercial litigation, corporate investigations, fraud, and risk management. Mr.Ewing earned his undergraduate degree at LeMoyne College in Syracuse, New York and his juris doctor at theUniversity of Buffalo Law School.
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Outline
1. What is RISK?
2. Quantitative Models (Red Bull available in the back)
3. Linear Modeling
4. Model Outputs – So now what??
5. Pitfalls and Best Practices
6. Q&A
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What is RISK?
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Quantitative Modeling
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Linear Scorecard Modeling
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So, as it turns out…
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Qualified Risk Model
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Model Outputs – So What??
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Best Practices & Pitfalls
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Points to Remember
1. Risk is Not an Amorphous Concept
2. Models are Models and Reality is Reality
3. Elegance Does Not Increase Predictive Capability
4. A Well Designed Plan Trumps Any Technology
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Questions