While Model Risk Management (MRM) fundamentals have been established and honed by larger financial institutions over the past decade, many community and mid-sized institutions struggle to align their actual procedures to current regulatory expectations and peer practices. Common challenges have included a lack of understanding or executive sponsorship, resourcing or an incompatible corporate risk culture. By embracing MRM as a vital aspect of the risk management framework, the pieces fall into place seamlessly, and strategic benefits follow.
During this webinar, DCG’s Mark Haberland and Drew Boecher will provide practical ways to use MRM to develop a sustainable model lifecycle management program and demonstrate how the whole is greater than the sum of its parts.
Gain an appreciation for how successful organizations leverage the MRM function to materially improve data and assumption management practices, model performance, stakeholder confidence and gain a competitive advantage
Explore how each member of the ‘three-lines of defense’ collectively contributes to an effective MRM process and drives strategic excellence
Learn ways to effectively align your risk management culture to your risk management practices
Chief Risk Officers
Enterprise Risk Management Officers
Operational Risk Managers
Model Validation Managers
Strategic Risk Managers
Drew Boecher, Managing Director, Darling Consulting Group
Mark Haberland, Managing Director, Darling Consulting Group
Rob Strand, Senior Economist, American Bankers Association
This intermediate level, Group Internet-based webinar is eligible for 1.80 CPE Credits for CPAs (Management Services).
Prerequisite-Attendees should have background knowledge of the field of Compliance and Risk Management within the financial services industry.
For more information regarding refund, complaint and program cancellation policies, contact American Bankers Association at 1-800-BANKERS.
American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.