The Auditor and Model Risk Management

Duration: 60 Minutes
As organizations turn more and more to the use of models for stress testing, budgeting, projections and portfolio analysis it is important for auditors and risk managers to understand the uniqueness of models. More importantly, having an ability to determine the soundness of a model and how model risk management is implemented will provide confidence to leadership that reliance on models is appropriate.
Model Risk Management
Instructor: Daniel Clark
Product ID: 505606
Objectives of the Presentation
  • Identify and classify models
  • In depth discussion on model risk management design and implementation
  • Creation of monitoring tools to ensure quality performance
  • Confirm control design and implementation of reporting
  • Share best practices already in place
  • Provide insight to regulatory concerns
Why Should you Attend
Gaining a full understanding of model risk management practices and processes will help attendees provide valuable insight to their organizations. No longer is it acceptable to simply know that there are models being used throughout organizations. Instead, auditors and risk managers need to know how they are being used, how they are validated, whether the input and out put are valid and how do they influence leadership decision making.

Areas Covered
This webinar discusses classification of models, regulatory guidelines over model risk management, principles in establishing model governance programs, and how and auditor can gain comfort that model risk management is effective.

Who will Benefit
  • Risk Managers
  • Auditors
  • Directors of Internal Audit
  • Enterprise Risk Managers and Staff
  • Quality control staff
  • Compliance Officers
  • Operations Leaders
  • Operational Risk Leaders
  • Business Executives
Topic Background
Stress testing, profit models, performance measurements are all examples of models that are being used by businesses today. In fact, models are becoming more popular tools for predicting impacts, determining profits and even turning ideas into processes. Models do provide great help to businesses but also introduce risk into an organization. The more we know about these risks and how to review and audit them the better we can contribute to our organizations success.
$249
Recorded Session for one participant
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  $329.00 Training CD
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Daniel Clark has over 25 years of experience in risk management and auditing. He has served in many senior auditing/risk roles culminating as chief auditor for midsize and large regional and global financial organizations. Mr. Clark has in-depth knowledge on how to integrate diverse processes into a seamless risk based audit approach that keeps audit on the cutting edge of development and value impact. His insights into the audit and risk world translate into meaningful guidance through a communication style that is fun, animated, and very participative. Mr. Clark has trained auditors and other business leaders for over five years.
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