Operationalizing Model Risk Management: Moving Up the Maturity Curve

It’s been almost five years since the Supervisory Guidance on Model Risk Management was issued, and some financial institutions are finally hitting their stride with their model risk management programs. Whether you’re just getting started and want to avoid the pitfalls of implementing a model risk program, or you are well along the way and would like to streamline your program, this webinar will provide insight on best practices used by financial institutions to move from policy to practice. The webinar will highlight the most important formal processes and procedures financial institutions are implementing and the increased use of technology and tools to make those processes more efficient.

As a result of participating in this session, you should be able to better:

  • Explain high level overview of Model Risk Management requirements
  • Describe essential elements in a Model Risk Management Framework
  • Identify key considerations to move from policy to practice
  • Recall tips for accelerating participation by stakeholders
  • Recognize tools to make your program more efficient and effective