Milliman briefing

• Evan G. Sekeris is chief model risk officer with Capital One, based in Washington, D.C. His areas of focus are stress testing, operational risk, and cyber risk. Evan’s background is in the measurement and quantification of credit risk and operational risk.  His primary focus is currently on supporting institutions in building stress testing frameworks, developing their risk identification process and developing their model risk management frameworks.
• His projects  include:
  • Supporting a wide range of large global and regional banks with their CCAR frameworks, with a particular emphasis on their non financial risks.
  • Developed a cyber risk quantification framework for a number of clients including a global financial institution and a fortune 250 industrial.
  • Assessment and redevelopment of risk operating models and of 3LoD frameworks for various large global and regional banks.
  • For a large internationally active US bank: supported major change of course in CCAR operational risk stress estimates a few months prior to submission in reaction to regulatory guidance.
  • Supported the development of operational risk models for capital and stress testing purposes at more than 20 institutions worldwide.
• Previously, Evan was with MUFG, Oliver Wyman, and Aon in Columbia, Maryland, and assistant vice president of the Federal Reserve Bank of Richmond, where he created the center of excellence for operational risk which served the system needs for operational risk related matters. The team was in charge of the supervision of all AMA and CCAR banks in the US and developed the Fed’s CCAR model for operational risk.
• Evan earned a B.A. and M.A. in Economics from the Université Catholique de Louvain in Belgium. He received his Ph.D. in Economics from the University of California at Los Angeles.
  • He has numerous publications in both academic and practitioner journals
  • Evan is an editor of the Journal of Operational Risk

Piu Banerjee is the Head of Model Risk Management at CLS. Having established CLS’s model risk
management framework, she is responsible for its ongoing oversight, ensuring standards and governance
are applied consistently over the life cycle of models, including model development, implementation and
use, validation, monitoring and reporting.
Before joining CLS, Piu spent over nine years at the Federal Reserve, where she held several leadership
roles, including leading the Risk Analytics and Model Risk Management teams. She also lead and
supported Federal Reserve supervisory initiatives in numerous capacities. These included developing and
implementing supervisory models for stress testing, overseeing model risk management practices and
implementing capital rules (Basel, Stress Testing / CCAR) and loan loss provisioning (CECL) at financial
institutions in the US.
Piu graduated with PhD in Economics Rutgers University, New Brunswick, with a focus on applied
econometrics in banking and finance. She began her career in consulting, where she spent over five years
focusing on market competition analytics to support M&A regulatory due-diligence processes.

Chris is a member of Milliman’s Cyber Risk Solutions (CRS) practice group.  The practice delivers a portfolio of risk consulting services, such as enterprise risk design, cyber risk assessment and quantification, test and build projects, operational risk assessments, enterprise risk management (ERM) education and training, and ERM technology evaluation. The CRS practice uses diagnostic consulting strategies to understand an organization’s enterprise risk goals and challenges and then customize solutions to deliver required business results. 

EXPERIENCE

Chris has 15 years of professional experience.  His experience includes work in the banking, insurance, capital markets and card sectors helping clients assess and mitigate risk. 

Prior to joining Milliman, Chris was a Senior Manager in Accenture’s Finance and Risk Management Consulting practice, delivering work for global financial service clients.   Additionally, Chris served as an active duty Naval Officer and has multiple overseas deployments. 

Professional experience and subject matter advisory includes: 

• Cyber Security metrics and governance
• Financial Service Regulatory and Compliance initiatives
• Risk Management 
• Corporate and Risk Governance
• Surveillance 
• Financial Services operating model and cost reduction
• Regulatory remediation and responses
• Legal department risk and optimization
• Leading large cross functional projects and teams

EDUCATION

• BS Political Science, University of Wisconsin–Madison
• MBA, University of Chicago – Booth School of Business