GFMI 10th Edition Model Risk Conference
Optimizing model risk management to ensure maximum compliance with CCAR and DFAST and enhancing the role of internal audit.
This GFMI conference will help financial firms produce high quality models that adhere to the regulations. Attendees will learn how to enhance model risk management in an evolving regulatory environment and examine the interrelationship between Letters 11-7, SR15-18 and SR15-19. Enhancing the role of internal audit and strengthening the relationship between model risk and audit teams will be examined. Key challenges such as data granularity for PPNR models and learning from latest CCAR submission will be explored. Leveraging technology to enhance data collection and quality for DFAST will be addressed as well as how to incorporate model risk into the wider enterprise risk management framework. Finally, adapting model risk management frameworks to also successfully comply with CECL requirements will be examined.
Protiviti MDs Charlie Anderson and Todd Pleune will be presenting on June 26 at 11:05am:
Case Study: Stress Testing Model Governance Under SR15-18.
- CCAR results and insights: What have been the issues and planning considerations for stress tests?
- SR 15-18 experiences and lessons: Model risk components, process verification and use of model overlays
- Benchmark models under 15-18: Sensitivity analysis and process verification