Introduction to Credit Scorecards

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YEREVAN, Armenia – On July 21, 2015, the American University of Armenia (AUA) College of Science and Engineering (CSE) hosted AUA alum Karen Oganezov (Industrial Engineering, ‘97) for a seminar entitled “Introduction to Credit Scorecards.”

The presentation covered general information about predictive risk scorecards and an overview of the scorecard development process. The key concepts and the main stages of scorecard development were also introduced. FICO scores were used to show the general use and importance of credit risk scores. Three main types of scorecards used in banks, namely acquisition, behavioral, and marketing scorecards, were discussed.

Karen Oganezov is Sr. Quantitative Manager and Vice President at RBS Citizens Bank in Boston, Massachusetts. He holds a PhD in Industrial Engineering and an MBA with a concentration in Finance. Oganezov has over 8 years of experience in the financial industry including design, implementation, and testing of credit scorecards, and PD/LGD/EAD models in both retail and wholesale credit risk areas. Oganezov conducts independent reviews, assessments, and validations of Basel and CCAR Stress Test models for both retail and wholesale portfolios.

Founded in 1991, the American University of Armenia (AUA) is a private, independent university located in Yerevan, Armenia and affiliated with the University of California. AUA provides a global education in Armenia and the region, offering high-quality, graduate and undergraduate studies, encouraging civic engagement, and promoting public service and democratic values.