Cenlar Appoints Ang Shen Vice President of Model Risk Management

EWING, N.J.--(BUSINESS WIRE)--Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Ang Shen has joined Cenlar as Vice President of Model Risk Management.

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.

About Cenlar FSB

Cenlar FSB is a federally chartered, employee-owned wholesale bank, servicing loans in 50 states and its U.S. territories. As the nation’s leading subservicer, Cenlar boasts a loyal and growing client base including banks, credit unions and mortgage bankers. Our nearly 4,000 employees, strategically located throughout the United States, are dedicated to customer satisfaction and teamwork that drives client solutions that are unparalleled in quality, flexibility and innovation.

Headquartered in Ewing, NJ, Cenlar is industry rated and audited regularly by independent third parties.

For more information, visit www.cenlar.com.

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