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About Us
The idea behind Leka Research Institute began way back in 2010, following a client project on loan loss forecasting, conducted by Dr. Moleka to inform Loan Officers of decisions on when to approve or deny a loan application, using loan-level data. Since then, the company has grown to become one of the most trustworthy financial consulting firms, helping clients identify risks to their business and solving challenging problems.
As a leading provider of risk management solutions, we have generated the implementation of new ideas and developed many effective strategies for internal audit, and model risk management implementation for various financial risk management models, using a combination of regression and machine learning methods. We specialize in providing risk advisory solutions for our clients across the financial services industry, as well as major insurance companies to validate SOX compliance. Examples of projects include the following categories:
- Internal audit – performing tests of design and operating effectiveness, writing test scripts, developing internal controls, and regulatory compliance, for several client projects.
- SOX Compliance – improved internal controls and identified model risk sources for large insurance companies.
- Audit for CCAR, stress testing, shock analysis, credit risk modeling, CECL, consumer lending (including validation of checking and saving accounts), and credit risk strategy implementation for a global international bank.
- Performed an internal audit, involving 65 action verification items for a large international bank.
- Audit for Prescreen Campaign models for large credit card lender.
- Fraud detection and surveillance analysis for a domestic bank.
- Model validation analysis (pre-payment and default models) for large stock exchange group.
- Wrote multiple model documentation for MRM Groups.
- Developed CECL model for an IT-financial firm that wanted to sell new technology into the market.
- Validated loan-level application model for a large mortgage lender.
- Developed DFAST, and CCAR challenger models for several banks.
- Validated deposit attrition model of top U.S banks.
- Validated 21 PPNR sub-models for a large bank.
we have vast knowledge in
INTERNAL AUDIT, MODEL VALIDATION, TECHNICAL WRITING AND QUANTITATIVE ANALYTICS
- Internal Audit and Risk Advisory
- Model Validation and Risk Management
- Model Documentation Review and Technical Writing
- Research and Economic Consulting
Dr. Elvis Moleka
Dr. Elvis Moleka is the Economists best friend, nominated in the 2021 Top 100 People in Finance by the Top 100 Magazine. He is the Co-Founder and CEO of Leka Research Institute, a financial services and economic consulting firm headquartered in Richmond Virginia. Under his leadership and direction, Leka Research Institute works with multiple financial services firms, providing internal auditing, risk advisory services, model validation, model development, technique documentation writing, research, and economic consulting. As a financial consultant, he worked with multiple Wall Street banks and advised more than 25 independent model risk management groups, validating over 45 independent projects. As a Certified Risk Management Professional, Dr. Moleka has leveraged his extensive banking, quantitative analytics, and risk management experience to solve critical challenges for clients. He graduated from the University of Bath with a Ph.D.in Economics, a Master of Science in Business Economics and Finance from London Metropolitan University, and a Bachelor of Science in Economics from the University of Buea.