In this webinar, Marc Taymans and Christophe Rougeaux from Risk Dynamics present the latest trends regarding the management of Model Risk. The webinar focuses on the different steps required to manage correctly this risk: governance of the model risk initiative and leveraging internal functions, identification and prioritization of models across the firm, assessment of the model risk exposure, tools available to perform an effective mitigation of model risk, reporting of the model risk initiative at senior management level.
The webinar consists in a presentation of key principles, supported by illustrations of different approaches adopted by institutions in the US and in Europe.
The following items are discussed:
Model Risk Definition and Differences between US and Europe
Model Risk IdentificationModel Risk Assessment
Model Inventory Management
Sources of Model Risk
Model Risk Assessment
Techniques at Individual Model Level
Aggregation at Portfolio Level
Model Risk Mitigation
Model Risk Monitoring and Reporting
Published on: May 2015
Risk Dynamics has unparalleled experience in model risk management and independent validation. We have supported financial institutions of all sizes, worldwide, since 2004.
Our focus and dedication to model risk and validation services, our independence and benchmarks, combined with our ability to provide unbiased views across regions and regulatory regimes, is unique in the market.