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2020 VBA WEBINAR SERIES: MODEL RISK MANAGEMENT (MRM)

November 7, 2019 @ 3:00 pm - 4:00 pm EST

Free

Participants of the live webinar will be eligible for 1 free CPE credit.

Model Risk Management (MRM) has evolved and the rules under which all models are governed has benefited every part of the bank. Join BDO’s Valuation & Business Analytics practice to break down some of the adjustments to overall risk calculations and what they mean for the banking industry.

At the conclusion of this webinar, participants will be able to:

  • Define a model and demonstrate how to risk rank a model
  • Explain the evolution of model risk management and how it has broken the walls around models
  • Identify how MRM should define the scope of reviewing, validating and monitoring a complete inventory of qualitative models
Delivery: This webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.0 CPE credit in the field of Finance
Program Level: Overview
BDO USA, LLP 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
Discussion topics include:

  • Defining a model and how to risk rank a model
    • Proper interpretation of the regulatory guidelines
    • Effective model inventory framework
  • The evolution of model risk management
    • How the walls around models have been broken
    • Benefits to every part of banking including finance, IT, risk and accounting
  • The significant increase in the importance of “qualitative” adjustments to overall risk calculations
    • How MRM should define the scope of reviewing
    • Validating and monitoring a complete inventory of qualitative models

Sudip Chatterjee
Managing Director
Valuation & Business Analytics
BDO USA, LLP

Anthony Ruda
Director
Valuation & Business Analytics
BDO USA, LLP

Details

Date:
November 7, 2019
Time:
3:00 pm - 4:00 pm
Cost:
Free
Event Category:
Event Tags:
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Venue

Free Live CPE Webinars