Ang will lead the Model Risk Management (MRM) function, supporting Cenlar’s Enterprise Risk Management. In this role, he will be responsible for managing a team who will perform independent governance and validation of all models used across the organization, in compliance with related regulatory guidance and requirements.
“Ang has an extensive background in developing risk models for various banks and financial institutions, and will serve as a valuable part of the team,” said Sara Avery, Chief Risk Officer. “His role is a critical part of Cenlar’s continuous refinement of our rigorous risk management strategy.”
Prior to joining Cenlar, Ang spent nearly 12 years at KPMG LLP’s advisory practice where he was most recently an Advisory Director in the Modeling & Valuation group. During his tenure at KPMG, he led numerous model-related engagements at a wide spectrum of financial institutions. As the engagement director and primary point of contact, he successfully delivered a large volume of complex model validations for some of the firm’s largest model risk clients. Ang is recognized as a trusted advisor by his industry connections, especially the heads of MRM at many banks. Before KPMG, Ang worked on mortgage valuation at the Federal Home Loan Bank of Atlanta.
“As an independent validator who provides effective challenge to model owners, I am a firm believer of transparent communication and close collaboration. My goal is to partner with the business units to build robust model risk management practice in assisting the company’s business decisions,” said Ang.