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QuantyPhi's ALM Workshop 2022

Wednesday, May 25, 2022 8:00 AM - 3:00 PM Central Time (CST)

QuantyPhi’s ALM Workshop will be held on Wednesday, May 25 and Thursday, May 26. Attendees will learn the process of Balance Sheet Optimization from developing effective ALM and investment policies, the basics and specifics of good modeling techniques, and how to use the modeling results to make informed financial decisions.

After attending this workshop, attendees will be able to: 

  • Understand how to build policies that guide staff to effective decisions
  • Develop skills to create scenario tests and stress tests of credit union ALM results
  • Use ALM model results to make actionable plans for efficient balance sheet risk positions
  • Recognize how to make the investment portfolio work for the credit union based on the credit union’s needs

Registration Fee: $249/attendee

Register for the Event

Cancellation Policy
A registrant may cancel seven business days or more prior to an event for 100% refund. If a registrant cancels less than seven business days prior to event, they will receive no refund. A substitute registrant is welcome to attend.


Wednesday, May 25

9:00 a.m. to 10:00 a.m. - Objectives of ALM/ALCO presented by Adam Stone, Vice President ALM & Investments

10:00 a.m. to 11:00 a.m. - Model and Balance Sheet Risk Profile Manager Demo presented by Al Forrester, Principal at Empyrean Solutions

11:00 a.m. to 12:00 p.m. - Benchmarking presented by Adam Stone, Vice President ALM & Investments

12:00 p.m. to 1:00 p.m. - Lunch provided by QuantyPhi

1:00 p.m. to 2:00 p.m. - The Right Analytics presented by Danny McIntyre, Vice President Investment Services

2:00 p.m. to 3:00 p.m. - Hands-on Portfolio Management presented by Wade Cooper, Financial Strategist

6:00 p.m. - (Optional) Networking Dinner at Bravo! Italian Kitchen (95 N Moorland Rd, Brookfield, WI 53005)

Thursday, May 26

9:00 a.m. to 10:00 a.m. - Non-maturity Shares – Hot Money vs Core Deposits presented by Kevin Chiappetta, CFA, President

10:00 a.m. to 11:00 a.m. - Benchmark Investments Using Behavioral Economic Theory presented by Kevin Chiappetta, CFA, President

11:00 a.m. to 11:45 a.m. - LIBOR Transition Update presented by Kevin Chiappetta, CFA, President

12:00 p.m. - Dismissal


CPE Information

In accordance with the National Registry of CPE Sponsors, CPE credits will be granted based on a 50-minute hour to registered attendees that attend the live conference. Recommended CPE credit to be awarded for program: 6.0 credits.

All required information must be entered to be awarded CPE credits.

For additional information regarding the program please contact us.

Corporate Central Credit Union and Our Family of CUSOs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.


Additional Information

Prerequisites:

  • No prerequisites are required for this conference

Who should attend:

  • President/CEOs
  • CFOs
  • COOs
  • C-Level Executives or any other positions involved with balance sheet management

Advanced Preparation:

  • No advanced preparation is required

Delivery Method:

  • Group Live

Program Level:

  • Basic

Field of Study:

  • Finance

For more information regarding administrative policies such as complaint and refund, please contact us.


Session Information

Objectives of ALM/ALCO
Presented by Adam Stone, Vice President ALM & Investments
ALM provides valuable insight into your credit union’s interest rate risk profile, when used correctly. Establishing a robust ALM process that captures the true risk of your balance sheet is imperative to ensure your credit union can best strategize for future market environments. Establishing an ALCO and ensuring they have all the right information is integral to a successful ALM process.

Model and Balance Sheet Risk Profile Manager Demo
Presented by Al Forrester, Principal at Empyrean Solutions
We will demonstrate the power of model results driving balance sheet decisions. Scenario testing and stress testing are important tools for understanding the financial impact of our decisions. This session will demonstrate the measure of those decisions.

Benchmarking
Presented by Adam Stone, Vice President ALM & Investments
QuantyPhi’s benchmarking process can help your credit union understand the risk profile of your investment portfolio and how it fits in with your balance sheet. Choosing the right benchmark will help you make well-informed investment decisions for your investment portfolio and, ultimately, strengthen your balance sheet, allowing you to focus time and resources on growing other lines of business

The Right Analytics
Presented by Danny McIntyre, Vice President Investment Services
Are you using the correct measures of return and relative value? Many measures of return are not compatible with our mission as credit unions. In this session we will demonstrate the reasons for using better measures, and why more common measures are hiding poor performance.

Hands-on Portfolio Management
Presented by Wade Cooper, Financial Strategist
In this session we will put together the process in a low risk setting. Actual portfolio characteristics and real-life offerings can be tested to measure the impact of our decisions.

Non-maturity Shares – Hot Money vs Core Deposits
Presented by Kevin Chiappetta, CFA, President
One of the most important decisions in asset liability modeling is the life of our non-maturing shares. In this session we will look at the required decision, how we can approach the process of assumption development, and how we can separate core deposits from hot money.

Benchmark Investments Using Behavioral Economic Theory
Presented by Kevin Chiappetta, CFA, President
How do we approach money decisions? Are we aware of our faulty process for reviewing money decisions? In this session we will review how we see money decisions and how to avoid the pitfalls we all have in our human brains.

LIBOR Transition Update
Presented by Kevin Chiappetta, CFA, President
We all know LIBOR is going away. We will have a brief review of the timing and recent legislation on LIBOR transition.


Speaker Bios

Kevin Chiappetta Kevin Chiappetta
President of QuantyPhi                                                        


In May 2017, Corporate Central launched its balance sheet optimization CUSO, QuantyPhi, and named Kevin as President. QuantyPhi’s ALM experts focus on finding opportunity on both sides of the balance sheet by running what-if scenarios that facilitate successful relative-value balance sheet decisions.

Kevin's initial career at Corporate Central began in January 1996 as Vice President Investments where he managed the loan, deposit, and investment portfolios. Kevin departed in June 2002, where he spent 11+ years working with credit union investment CUSOs and two years with an asset-liability modeling & consulting firm. Working primarily with credit unions throughout his career, Kevin brings a rich history of experience in his 30+ years providing financial services, with a primary emphasis in fixed income security analysis, portfolio management, and balance sheet risk management.

In August 2016, Corporate Central welcomed Kevin back as the Senior Vice President Investment Services to assist members in understanding the complete risk profile of their balance sheet risk, re-think traditional security analysis, and build portfolios to compliment the optimal performance of the entire balance sheet. Kevin also focuses on the continuing education for members and their supervisory committees and boards.

Kevin's education includes a bachelor's degree in Accounting from St. Norbert College in DePere, WI. Kevin is a Chartered Financial Analyst (CFA) charter holder and an active member and volunteer for the CFA Institute in Charlottesville, VA. Kevin was elected to the CFA Society Milwaukee Board in July 2019. He has been an active member of the society for 25+ years.

Kevin married his college sweetheart in 1987 and assisted in the upbringing of his son and daughter. As of today, Kevin still has the role of cheerleader, proud supporter, and provider of unlimited, unsolicited life advice to his children. In his free time, Kevin is interested in soccer at all levels, watching a variety of sports, reading about interesting topics, spending time with family, and correcting their grammatical errors.

Danny McIntyre Danny McIntyre
Vice President Investment Services at QuantyPhi          


Danny brings over 35 years’ experience in the financial services industry. He began his career in New Orleans trading US Treasury, Federal Agency and mortgage-backed securities. In 1987 he and his new bride Diana moved to Dallas, TX where he established and managed a taxable bond trading desk for a regional brokerage firm.

In January 2003, Danny “discovered” credit unions. He worked at a corporate credit union to help establish a broker-dealer and trading desk and very quickly became a big fan of the credit union movement. He has spent the past 14 years dedicated to helping credit unions be successful. Actively involved in asset liability management, he has helped credit unions build investment portfolios that complement their balance sheets and help them manage based on both risk as well as return.  Assisting with education and training for credit union professionals and volunteers remains a primary focus for Danny as well. “Education allows us to help members be more efficient which in turn affords them more time to serve their members – people helping people.”

Danny attended Loyola University and Delgado College in New Orleans. He completed his studies as a business major at Tulane University. He holds his Series 7 and 63 licenses. When asked about his greatest accomplishment, Danny points to convincing his wife Diana to marry him 29 years ago. He said the only two things that come close to that are raising their son, Chase, and watching the Saints win the Super Bowl in 2009, although he admittedly had little to do with the latter.

Adam Stone

Adam Stone
Vice President ALM & Investments at QuantyPhi           


Adam rejoined Corporate Central and QuantyPhi as Vice President ALM & Investments in May 2020. His primary responsibilities include managing investment accounting, consulting, and ALM programs for member credit unions. He is responsible for supervising and performing analysis on member credit unions; performing economic, market, and sector analysis; supporting the sale of investment and loan products to member credit unions as necessary; and supporting monthly reporting for the board of directors and Asset Liability Committee (ALCO). Adam also performs functions related to member security safekeeping; and aids the investments staff as needed.

Adam has over 14 years of experience in the financial services industry. He spent eight years as an Investment Analyst and Senior Investment Analyst for Corporate Central. Then he moved to New York City where he spent six years as a consultant and manager for a large audit and advisory firm specializing in treasury and liquidity risk management for large, global financial institutions. Adam earned his bachelor’s degree in Economics from UW-Madison.

Wade Cooper Wade Cooper
Financial Strategist                                                            


Wade joined Corporate Central as a Financial Strategist in April 2019. His primary role is to help credit unions optimize and build a balance sheet that maximizes performance and allows them to better serve their members. Wade helps members learn about what their balance sheet needs from an ALM, risk, liquidity, and investment perspective. Once we determine those needs, he can assist credit unions with using the tools that they need to build an optimal balance sheet.

From 2015 to 2019, Wade served as the Supervisor of the Credit Union Section for the state of Illinois. At the time of his departure, there were 191 state-chartered credit unions with approximately $39 billion assets. He led an exam team of 14 examiners and three office staff. As a regulator, Wade made decisions regarding field of membership expansions, mergers, lending limit increases, disciplinary matters, legislation, and rule-making. He led the team to obtain accreditation from NASCUS for the first time. Additionally, Wade spearheaded a pilot program for an indirect investment pool which eventually became a permissible investment.

Wade brings varied experience in government and finance. From 2001 to 2007, Wade worked for the Illinois State Treasurer, Judy Baar Topinka, in the Illinois Funds which is an investment pool for public entities. In 2008, he joined the $70 million Prairie Trail Credit Union (PTCU) in Joliet, IL. PTCU would merge with the $210 million, privately insured, Argonne Credit Union, which would eventually be known as Abri Credit Union in Romeoville, IL. Following Abri, and before becoming a regulator, Wade obtained his Series 7 and Series 66 and became a financial advisor for two and half years.

Wade has a bachelor's degree from Iowa State University in Ames, IA, and a master's degree from Governors State University in University Park, IL.

Al Forrester Al Forrester
Principal – Advisory Services at Empyrean Solutions


As a senior advisor, Al brings his wealth of knowledge and experience to Empyrean clients to assist in all elements of risk and balance sheet management. Al was a co-founder of FICast Data Corporation (now part of Empyrean) and served as the CEO and head of advisory at FICast for 18 years. In addition, Al developed the bank consulting and ALM/risk management practice for financial advisory firm, Ponder & Co. Prior to that, as a Vice President in Treasury, Al was instrumental in designing and implementing SunTrust Bank’s ALM process.

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