Using Model Risk Management Best Practices to Minimise Risk and Create Opportunity.
Why this Webinar:
The deeper firms get into model risk management the more complexities they encounter. These complexities are no longer limited to the technical challenges of validating models, but equally, if not more so, around the processes and governance that should surround a good model risk management framework. As such, developing an end-to-end model risk framework, which takes a more systematic and centralised approach, can not only increase efficiencies but also unlock a host of additional benefits.
The challenge for firms is how to build such a framework, and identifying exactly what benefits it can unlock. This webinar will explore how to ensure that firms are able to set up an end-to-end framework, from having the right policies and processes for data to quantifying model risk, having a clear structure for workflow governance and why this adds additional value in the new normal of remote working. All of this will be considered in conjunction with how firms can provide model risk information to both audit and regulatory stakeholders without the usual panic stations.
Webinar Agenda Includes:
- Exploring the benefits of a systematic and centralised approach: What benefits does it unlock?.
- Ensuring quality data to properly validate models.
- Methods for quantifying model risk.
- Enabling proper workflow governance, including model inventory management and managing automated monitoring.
- Allowing for prompt responses from regulatory or audit stakeholders assessing the business opportunities for underwriting in these emerging areas.
Speakers
- Slava Obraztsov Global Head of Model Risk at Nomura
- Gilles Artaud Head of Model Risk at Groupe Crédit Agricole
- Alan Forrest Head of Model Risk Oversight at Virgin Money UK
- Daniel Hensel Senior Director FICO
