Ensure Best-In-Class Management of The Model Lifecycle with A Focus on Effective Validation, Governance, and Monitoring 2023 | Marcus Evans | 26 October 2023 | Webinar
Venue
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| Event Date | Thu Oct 26 EDT (about 1 year ago) |
| Location | Webinar |
| Region | Americas |
Details
Financial institutions face ever-expanding challenges in validating, controlling, and monitoring their models. They want to ensure that these models are working as designed while maintaining cost and operational efficiencies. Across the UK, Europe and the USA, banks in particular also face heavy regulatory scrutiny in this area. Ensuring that models are properly validated and monitored is often a very complex and sensitive process and also requires a great deal of time and expenditure.
Having the capacity to automate elements of this process while maintaining effective oversight can enhance firms' capabilities in this space. Implementing the proper processes and systems to guide these elements of the model lifecycle can thus lead to great improvements in time and efficacy. Overall, a focus on validation, governance, and monitoring can provide a foundation for an effective model risk and management structure.
Learning Objectives:
• Determine the areas within validation, governance and monitoring which can be enhanced
• Ensure that automation is implemented effectively with continued human oversight
• Meet ongoing regulatory requirements while driving operational efficiencies across the model lifecycle
• Utilize these improvements as a foundation for effective model risk management
Speakers
2023 Speaker
MODERATOR:
Stuart Theakston
Industry Manager - European Financial Services, MathWorks