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Cenlar Appoints New VP Of Model Risk Management

Keith Griffin
Aug 25, 2022

Ang Shen joins loan subservicer from KPMG advisory practice.

Cenlar FSB, a leading mortgage loan subservicer and federally chartered wholesale bank, has announced that Ang Shen has joined Cenlar as vice president of model risk management. Shen previously spent nearly 12 years at KPMG LLP’s advisory practice.

Ang Shen Cenlar FSB
Ang Shen

Shen will lead the Model Risk Management (MRM) function, supporting Cenlar’s Enterprise Risk Management, the company said. He will be responsible for managing a team performing 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, Cenlar's chief risk officer. “His role is a critical part of Cenlar’s continuous refinement of our rigorous risk management strategy.”

During his tenure at KPMG, Shen 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. Before KPMG, he 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," Shen said. "My goal is to partner with the business units to build robust model risk management practice in assisting the company’s business decisions."

Aug 25, 2022
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