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Bizenius - Managing Model Risk and Model Validation Masterclass Trainings
An increasing reliance on models, regulatory challenges, and talent scarcity is driving banks toward a model risk management organization that is both more effective and value-centric. Among the model types that are proliferating are those designed to meet regulatory requirements, such as capital provisioning and stress testing. But importantly, many of the new models are designed to achieve business needs, including pricing, strategic planning, and asset-liquidity management
Financial institutions around the world are increasingly looking for skilled Model Risk Management professionals to tackle these challenges. A number of leading firms have already established dedicated Model Risk Management units with a clear task to get the Model Risk under control. Managing model risk requires a broader perspective and should not rely solely on Model Validation activities, which is the more traditional approach, but involve tools such as Model Governance, Model Risk Profile & Appetite, analysis of Model Risk Concentrations & Exposure, etc. Attendees will have the opportunity to get their specific questions and challenges addressed by subject matter experts.
WHAT YOU WILL LEARN
- Model Risk Management (MRM)
- Reviewing model reaction tCOVID-19
- Learn how testablish a model risk management framework
- Learn the elements of risk models and risk model failures
- Learn the tools tcheck the limits of quantitative risk models
- Learn the use of data and reporting requirements
- Learn the typical set up of a quantitative risk model
- Model risk management workflow tool
- Learn tevaluate model identification and classification
- Judge the model`s quality, consistency and regulatory compliance
- Successfully Rolling Out and Embedding the MRM Framework
Model Validation
- How models reacted tthe turbuLence of 2020 and 2021 outLook
- The regulatory expectation of risk model validation
- Learn how timplement a validation strategy for your own
- institution Building a roadmap for validation
- Learn why model validation has an important role in MRM Learn how timprove a framework for validation Learn the risk manager`s role in combatting model risk through
- model validation Updating validation approaches and techniques with continued advances in model inventory and definition
WHSHOULD ATTEND
- Risk model, validation
- Model Review
- Asset/Liability Management
- Bank & Country Risk
- Capital Management
- Capital Modeling
- Counterparty Credit Risk
- Credit PortfoliManagement
- Credit Research
- Fl Risk Management
- Funding Risk
- Funds Transfer Pricing