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TechDogs-"Indicators of a Mature Model Risk Management Program"

Financial Technology

Indicators of a Mature Model Risk Management Program

By Professional Risk Managers' International Association

Professional Risk Managers' International Association
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Webinar

Feb 1, 2023

10:00 - 11:00 a.m. EST|3:00 - 4:00 p.m. GMT

About Event

Thought Leadership Webinar: Model risk management has gained a critical role in organizations that are subject to SR 11-7 requirements since April 2011 – January 2012. However, not all of those organizations are in a mature stage in terms of the execution of a model risk management (MRM) program. This webinar is aimed to provide key elements of establishing a strong MRM program and indicators of a mature MRM program to help identify and close the gaps in MRM programs. In this webinar, you will gain an understanding of regulatory guidelines around MRM across model lifecycle, key elements of establishing a strong MRM program, how to bring an existing model risk management program into a mature stage, areas of automation, and identification, reporting, and mitigation of model risk before it results in loss, inaccurate decision, or repetitional damage.

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