Michael Shearer

Mike co-leads the Credit Risk Management team within PwC’s Financial Services Advisory practice, and is currently co-leading PwC’s CECL initiative. Mike has assisted many of the world’s leading financial institutions address a broad range of credit risk management issues. He is one of the firm’s leading subject matter specialists in ALLL methodologies and processes, and in credit loss forecast modeling for ALLL, stress testing and capital. His experience covers commercial, commercial real estate, mortgage, HELOC, auto, and credit card portfolios. Models have ranged from top-down loss models to more granular roll-rate or loan level models for consumer/mortgage and PD-based or transition matrix based models for commercial/commercial real estate portfolios, and have included both proprietary model development as well as various vendor models. Mike is also a member of our global IFRS 9 working group, providing perspectives on interpretation, modeling and methodology design.