Registration: 10:30 AM - 11:00 AM
Lunch: 12:00 PM - 1:00 PM
Program: 11:00 AM - 3:00 PM
CPE: 3 CPE Hours
Location: Rivers Club, One Oxford Center
301 Grant Street, Pittsburgh, PA 15219
Members: $50 (includes lunch!)
Non-Members: $75 (includes lunch!)
Since the Dodd Frank Act was enacted, there are many new regulations that have already impacted the financial services industry. But it’s not over. The regulatory bodies are still finalizing more rules.
The IIA Pittsburgh Chapter and RiskSpan are co-sponsoring this seminar to help our members enhance awareness and understanding of some of the myriad of new rules under the Act. This enhanced understanding will prove to be valuable as we perform risk identification and assessment as part of compliance programs, annual audit planning, and engagement planning.
RiskSpan, a recognized industry leading boutique advisory firm, assists financial services organizations in operational advisory, data/analytics, and regulatory/compliance matters. Headquartered in Vienna, VA, the firm employs approximately 75 subject matter experts in all facets of risk mitigation, with a concentration in the utilization of data to make informed risk mitigation decisions.
William Vahey, Managing Director, RiskSpan
Mr. Vahey’s background spans approximately 25 years, and combines management consulting experience with hands on industry experience. William spent 8 years in the Washington D.C. office of KPMG, as a CPA (Inactive) and Senior Manager in the firm’s National Mortgage Banking Practice, where he assisted over 75 lenders and servicers in a management consulting capacity across the residential, commercial, GSE, subprime, and homebuilder subsidiary sectors.
After that, he spent 13 years at Wells Fargo and predecessor firms Wachovia and First Union, in a variety of leadership roles in the risk management and real estate sectors; he has hands on experience with every facet of the real estate lifecycle, from origination, through underwriting and closing, to asset management and servicing, to foreclosure and REO.
He was instrumental in multiple risk based initiatives, including all credit, market and operational risk activities within the company’s Mortgage Servicing unit, as well as in the creation of leading edge tools used to manage risk and make informed risk based decisions.
Following that, he had a 2-year stint at BlackRock, where he performed underwriting and credit package submissions for Freddie Mac loan originations, as well as analytics, cash flow / market analysis, and loss forecasting on CMBS securities;
Larry Platt, Partner, K&L Gates LLP
Dodd Frank Considerations for Residential Lending
Mr. Platt formerly served as a Practice Area Leader of K&L Gates’ Financial Services practice and was a member of the firm’s Management Committee.
Mr. Platt has a national practice, concentrating in a range of matters related to real estate finance, mortgage banking and consumer finance in both the primary and secondary markets. This includes:
· Drafting and negotiating agreements concerning (i) mergers and acquisitions of companies in both asset and stock transactions, (ii) loan broker, loan correspondent and whole loan purchase agreements, (iii) servicing rights purchase and sale agreements, and (iv) servicing and sub-servicing agreements.
· Counseling clients on federal and state consumer credit laws.
· Defending companies in connection with federal and state governmental audits, investigations and enforcement proceedings.
· Assisting in litigation involving consumer class action lawsuits and commercial claims.
· Advising clients on public policy issues related to housing finance issues.
The 2007, 2008, 2009, 2010 and 2011 Chambers USA ranked Mr. Platt as a top lawyer (Band 1) practicing Financial Services Regulation: Consumer Financial Services Regulation. Mr. Platt was nationally ranked by Chambers USA 2012 and, most recently in 2013, under Financial Services Regulation: Consumer Finance (Compliance) (Star Individuals) and Financial Services Regulation: Consumer Finance (Litigation) (Band 1). Mr. Platt was listed in the 2012, 2013 and 2014 Best Lawyers in America in the area of banking and finance law. In 2006, Mr. Platt received an inaugural Mortgage Excellence Award from Home Equity News in recognition of his service and contributions to mortgage lenders and the mortgage lending industry. In September 2002, Lending Intelligence magazine named Mr. Platt as one of Washington’s ten most influential people on lending issues. He is a former member of the Board of Governors of the Mortgage Bankers Association of Metropolitan Washington, Inc. From 1989 to 1997, he was on the Board of Directors for Montgomery Housing Partnership, Inc., a non-profit, tax-exempt owner and developer of affordable housing in Montgomery County, MD. He helped found and for over 15 years was a pro bono lawyer for The Unitarian Universalists Affordable Housing Corporation. From 2002 to 2006, Mr. Platt was a board member and Counsel to the Board of Trustees at St. Andrew’s Episcopal School in Potomac, Maryland.
K&L Gates LLP comprises more than 2,000 lawyers who practice in 48 offices located on five continents. For the third year, K&L Gates was named among top two firms for first-tier rankings in the annual U.S. News-Best Lawyers “Best Law Firms” survey, In 2012, Corporate Board Member magazine, in association with FTI Consulting, Inc., ranked K&L Gates as one of the top 25 law firms in its annual list of "America's Best Corporate Law Firms." The 2013 BTI Consulting Group survey of corporate counsel included the firm in its “BTI Client Service 30,” an elite ranking that recognizes the leading law firms in driving superior client relationships according to general counsel.
TBD – Banking Supervisor – Federal Reserve Bank of Cleveland
An Overview of Dodd-Frank -- Considerations for Internal Auditors
This session will provide a brief overview of the key functions and activities performed by the Federal Reserve Bank of Cleveland as one of twelve regional Reserve Banks that comprise the Federal Reserve System. The discussion will address the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Specifically, a high level overview of this transformational legislation, review and share a status update of the key provisions of the Act, and discuss potential areas of impact and implication of interest to the internal audit community. The Banking Supervisor will share perspectives regarding some of the key risks facing banking organizations given the current economic climate that are currently being monitored by banking supervisors.