Model Risk Management Series
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Presented by Peter Plochan
Thursdays, April 5-May 3, 2018
24-hour on-demand access begins at 12:00 am ET
Session length: 90 minutes
About This Series:
Financial institutions have been relying on models to support their decision making already for decades, therefore managing the life cycle of models and the model risk management are not new topics. In recent times, however the discipline of model risk management has become more formalized and rigorous, partly as response to the increasing recent regulatory scrutiny being applied to their models, with US and European banking regulators leading the charge. This requires banks to put an extra compliance effort into management of their models and of the model risk embedded there. In parallel, on the other front, trends such as Big Data, Internet of Things but also new regulations such as IFRS 9, FRTB are even pushing banks to develop additional models which will have to be properly managed as well.
In order to address the above, financial institutions around the world are increasingly looking for skilled Model Risk Management professionals which they need to tackle these challenges. 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.
Who Should Attend:
Enterprise Risk Managers; Model Risk Management Professionals; Model Developers; Model Validators; Operational Risk Managers; Risk Governance professionals; Risk Management Consultants; Auditors; Regulators.
How It Works:
Register to attend all five sessions in this series. Each course will be available for a 24-hour period on the starting date and time, to accommodate your schedule and time zone. During the session you will have the opportunity to submit questions to Peter. He will prepare a customized response to you within 72-business hours. Questions must be submitted during the 24-hour open course period. Included in your purchase is access the recording for 60 days following the original course date and a PDF of the course handouts.
Series Registration Fee:
Sustaining Member $400 |Contributing Member $450 |Non-Member $500
Topics in This Series:
Session 1, April 5, 2018 Introduction to Model Risk Management (MRM)
Session 2, April 12, 2018 Setting up MRM framework across the Modelling Lifecycle
Session 3, April 19, 2018 Establishing Model Inventory and Model Governance
Session 4, April 26. 2018 Measuring the Model Risk & Model Validation
Session 5, May 3. 2018 Successfully rolling out & embedding the MRM Framework
Individual Session fees start at just $89.00.
About Our Expert:
Peter Plochan is Senior Risk & Finance Specialist at SAS Institute assisting institutions in dealing with their challenges around finance and risk regulations, enterprise risk management, risk governance, risk analysis and modelling. Peter has a finance background (Master’s degree in Banking) and is certified Financial Risk Manager (FRM) with 10 years of experience in risk management in financial sector. He has assisted various banking and insurance institutions with large-scale risk management implementations (Basel II, Solvency II while working internally and also externally as a risk management advisor (PwC).
Continuing Risk Learning Credits: 5
PRMIA Continuing Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
Online registration not available.