Having a strong model risk management programme in place is a critical strategy against the potential for significant loss across your organisation. Establishing strong model risk management and robust effective challenge, along with robust controls and transparency of assumptions and limitations, enable better decision making across the organisation. Additionally, consistent application of model risk management provides Executive Management and Boards of Directors with a significant level of confidence in the organisation’s capabilities. Stay ahead of increasing regulatory expectations with a proactive model risk plan.
Key Learnings :
- Recognise the critical steps to setting up a model risk management programme
- Discover why continuous monitoring should be essential to your plan
- Analyse the Top 10 issues in Model Validation and their potential impact on your organisation
- Identify how to enhance the First, Second and Third Lines of Defense for model risk management
Todd is a Managing Director in the Model Risk practice of Protiviti’s Data Management and Advanced Analytics Solution. Todd focuses on risk modeling and model validation for Market, operational, Credit, and Conduct Risk. He has developed model governance processes and risk quantification processes for the world’s largest financial institutions and is an SME for internal audit of the model risk management function.
Ben Shiu has 18 years’ experience in developing, validating and reviewing credit risk stress testing and ALLL models. Before joining Protiviti, he worked for several top U.S. banks and focused on developing internal credit risk models, retail credit portfolio management strategies and wholesale credit model development.
Nick is a Senior Consultant in the Model Risk Practice, and has more than three years of business experience working with a variety of financial service organisations to enhance their business performance through enhances model risk management and governance.
Duration: 60 minutes