Seminar Speaker: Shan Jiang, PhD, Bank of Montreal

Registration: Please send an email to seminar.sora@gmail.com with your affiliation. You will receive a confirmation letter if there is a seat available.

Fee: Free but your per-registration confirmation will be required for admittance.

Date and Agenda:

Date: Friday, January 31, 2014
Registration and Network: 5:00pm – 5:45 pm
Presentation: 5:45pm – 6:15pm
Dinner Together in Asian Legend: 6:15pm-8:00pm

Summary

Model risk, which may arise from the possibility of the use of an inappropriate model or the inappropriate use of a model, is now among the major risks faced by all the financial institutions. Model risks are currently receiving more and more attention from both the regulators and the Bank’s senior management groups. In this talk, Dr. Jiang will give a brief introduction of the regulatory expectations in the development of credit risk models. In particular, he will present how to evaluate and mitigate major risks in the Probability of Default models.

Speaker Profile

Shan Jiang is currently working as a manager in the Model Risk and Vetting group, Bank of Montreal. His primary responsibilities include validation of high-material credit risk models and facilitating the understanding of model risks in senior management group. Shan received his Ph.D. degree in Statistics from Queen’s University in 2011.

Steering Committee Members of Quantitative Analytics:
Mushtari Afroz, Geomedia; John Amrhein, McDougall Scientific; Jacky Bai, CIBC;
Frank Dai, TD; Yu Fu, Chair, Scotia; Philip Guo, Manulife; Xin Gao, York University; Shan Jiang, BMO; Wendy Lou, University of Toronto; Hugh McCague, York University; Georges Monette, York University; Jenna Ren, BMO; Yiming Shao, University of Toronto; Biao Wu, RBC; Laurent Wu, BMO; Shicheng Wu, TMX; Stephanie Zhang, Sunlife