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Operational Risk Model Management

Covers the importance of building and maintaining a strong risk model management framework and the principles of model development. Explains conducting the model validation and how to validate results. Explores types of model controls, maintaining appropriate change controls and how documentation supports an effective model risk framework.

Reviewed: May 2019 (no changes necessary)

What You'll Learn

After successfully completing this course, you will be able to:

  • Describe the guidance available on model risk management and the role of the board in model risk policy and oversight
  • Describe the types of models that are covered under model risk management guidance
  • Identify areas of a financial institution where models are typically found and information that should be included in an inventory of models
  • Recognize the factors that should be considered when assessing model risk
  • Describe the principles of model development and training that should be provided prior to model implementation


Risk and internal audit professionals; third-party service providers and state/federal examiners; first-line risk and operations managers with responsibilities for operational risk management, including implementing, managing, monitoring, reporting, auditing and/or supporting an effective operational risk management program, policies and procedures.​

Course Credits

ABA Professional Certifications: 1.5 CAFP, CERP, CRCM, CSOP

ABA Certificates​: This course applies to the ABA Certificate in Operational Risk Management

Your Instructor

David Kelly
Chief Risk Officer, FirstBank Holding Company

With over 20 years of experience in compliance and risk management, David serves as chairman on the board of the Colorado Bankers Association, serves on the CBA's Government Affairs Committee, Legislative Review Subcommittee, and is the former chairman of the Association's Dodd-Frank Task Force.


​Questions? Please contact ABA Training​ for more information.



Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.


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