Model Risk Management Virtual Training
Attend one, multiple, or the full five-session series to gain the understanding and full picture overview that is needed for establishing of a robust and efficient Model Risk Management framework. Five Sessions, Virtual Training Sessions are released each Tuesday, November 6- December 11. No session the week of November 20.
Register For Full Series
Register for an individual session.
About this Training
Presented By: Peter Plochan
Delivery: Virtual Training
Date: Tuesdays, November 6-December 11, 2018
No class the week of November 20
Session Length: 90 minutes
Financial institutions have been relying on models to support their decision-making 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 a 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 and 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 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.
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
Each week, the pre-recorded training session and materials will be launched. You will have an opportunity to interact with your classmates as well as submit questions to the instructor. Questions must be submitted during the course period (Tuesday - Monday). You may access the online training and handouts for a one-year period.
Topics in This Training
- Week 1, November 6, 2018: Introduction to Model Risk Management (MRM)
- Week 2, November 13, 2018: Setting Up the MRM Framework across the Modeling Lifecycle
- No session the week of November 20
- Week 3, November 27, 2018: Establishing Model Inventory and Model Governance
- Week 4, December 4, 2018: Measuring the Model Risk & Model Validation
- Week 5, December 11, 2018: Successfully Rolling Out and Embedding the MRM Framework
View Session Descriptions
Registration
| Registration Options |
| Course |
Member Pricing |
Registration Link |
| All Five-Sessions |
$500 - Non Member
$450 - Contributing
$400 - Sustaining/ RIM |
Register Full Course
|
| Week 1: Introduction to Model Risk Management (MRM) |
$109 - Non Member
$99 - Contributing
$89 - Sustaining/ RIM |
Register Week 1 |
| Week 2: Setting up MRM framework across the Modelling Lifecycle |
$109 - Non Member
$99 - Contributing
$89 - Sustaining/ RIM |
Register Week 2
|
| Week 3: Establishing Model Inventory and Model Governance |
$109 - Non Member
$99 - Contributing
$89 - Sustaining/ RIM |
Register Week 3 |
| Week 4: Measuring the Model Risk & Model Validation |
$109 - Non Member
$99 - Contributing
$89 - Sustaining/ RIM |
Register Week 4 |
| Week 5: Successfully rolling out and embedding the MRM Framework |
$109 - Non Member
$99 - Contributing
$89 - Sustaining/ RIM |
Register Week 5 |
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: 9
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].
Register For Full Series