Riskmathics: Model Risk Management

Model Risk Management

• Identify appropriate model risk monitoring techniques and reporting options

• Tiering, and understanding model materiality

• Model risk index development

• Strengthen understanding of regulations on risk modelling and implications

• Apply MRM technology: capabilities, transparency, explainability

• Integrate MRM into the bank’s overall stress testing regime

Modalidad: PRESENCIAL

$28,000 MXN + IVA (16%)

O $1,750 USD + (16%)

Descripción

As organisations increasingly rely on models that cover a wide range of business functions, there is an increasing need to create and maintain a comprehensive model inventory for enhanced collaboration and regulatory compliance across multiple regions and geographies. There is also a clear need for model workflow management through the model lifecycle, covering all aspects from:

• Model conceptualisation and specifications development

• Model development

• Model independent validation

• Model implementation

• Model governance

• Overarching senior management oversight, robust challenge, and internal audit review

Global financial regulators have made clear their plans to expand the use of model risk management regulations meaning rising expectations for financial institutions. Firms that do this right will gain insights into their model risk management framework and be better prepared to thrive in a changing world. This two-day workshop will present invaluable insight and practical discussion for building a world-class model risk management frameworks, quantifying the risks and effectively integrating model risk management processes into business decision making. This learning opportunity will explore the best practices for model risk monitoring and reporting. Participants will enhance their knowledge in model risk management to implement effective approaches to risk model validation better. Participants will learn about model risk technologies, with particular focus on implementation techniques in the current model risk frameworks, and utilising data for non-credit and pricing models. There will be in-depth discussion on effective approaches for pricing models, as well as the key tools necessary for effective model risk management metrics for credit risk models.

Dirigido A:

The course is primarily aimed at the C-suite and senior management personnel in financial services; relevant departments may include but are not limited to:

• Model risk management

• Model risk • Pricing Models

• Credit Models

• Risk management

• Internal audit

• Technology

• Regulation and compliance

The Latest From The Best

Conoce a nuestro profesorado

Suresh Sankaran

CEO

Suresh Sankaran is the Chief Executive Officer of KKCL Consulting Ltd., an organisation providing niche bespoke risk management consulting services for the financial services segment, and primarily focuses on credit, liquidity, and model risks, as well as economic capital allocation models. He is an acknowledged subject-matter expert and he, along with a team of expert consultants, provides practitioner-based services to two-thirds of the top banks around the world as well as providing certified risk management training courses.

Prior to this, Suresh was invited to join as the Head of Model Risk & Governance at Metro Bank in March 2020, where he oversaw all aspects of model risk and other risk-related governance. He advised on factors that the Board should collectively consider when overseeing the bank’s risk management framework and policies.

Earlier, he was with Kamakura Corporation as Principal Risk Officer, where he drove forward key aspects of a niche advisory services function whilst simultaneously developing a trusted advisory role and winning new business, and for developing a talented and expanding team.

Before Kamakura, Suresh was the Principal Operations Officer for the International Finance Corporation, part of the World Bank Group, where he worked with the private sector and with governments of developing economies to develop risk infrastructure in these countries.

Prior to that, he managed consulting services with Fiserv Inc., for Europe, Middle East, & Asia, was with ABN-AMRO as Regional Risk Manager, and with HSBC as Regional MIS Co-ordinator. He started his career with KPMG as a Consulting Manager.