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OVERVIEW The increasing use of models that facilitate analysis and strategic decisioning has added additional risk to many organizations risk profile. Specifically, Financial Institutions are seeing increased regulator coverage over model risk management in examinations. Additionally, Boards of Directors are taking a more robust interest in how an organization defines and manages model risk. The proliferation of models within an organization also provides a real opportunity for internal audit to provide value. That being said, it is harder than one thinks to understand the full ramifications of model risk and what auditor’s role should really be. This webinar provides guidance on how auditors can best contribute to mitigation of model risk, whether the organization is a beginner or expert in the use of models.
WHY SHOULD YOU ATTEND
By attending this training auditors gain a new perspective on how to add value to their organizations management of model risk. This webinar will provide the auditor a detailed program of contribution and value add to any organization that utilizes models in their day to day business.
AREAS COVERED
How to ‘define” a model
Reasons that model risk occurs
The best audit scope for model risk reviews
Aligning audit coverage to model risk
Understanding the “Black Box”
Governance and why it is important
LEARNING OBJECTIVES
Update and rationalize the definition of model risk
Better understand model risk governance impact on diverse operational processes
Learn how to explain audit’s limitations in providing assurance that model risk is mitigated
Gain a better approach to integrated model risk management through role definitions
Discuss expectation, real or perceived, that impact auditors abilities to add value
Design a holistic approach to auditing model risks
WHO WILL BENEFIT
Auditors,
Audit Managers,
Audit Leaders
Risk Managers
Model Risk staff
Compliance officers
Business executives
External auditors
Consultants
For more details click on this link :
http://bit.ly/2CTFsog
Email: [email protected]
Toll Free:+1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
PRICE :$199
WHY SHOULD YOU ATTEND
By attending this training auditors gain a new perspective on how to add value to their organizations management of model risk. This webinar will provide the auditor a detailed program of contribution and value add to any organization that utilizes models in their day to day business.
AREAS COVERED
How to ‘define” a model
Reasons that model risk occurs
The best audit scope for model risk reviews
Aligning audit coverage to model risk
Understanding the “Black Box”
Governance and why it is important
LEARNING OBJECTIVES
Update and rationalize the definition of model risk
Better understand model risk governance impact on diverse operational processes
Learn how to explain audit’s limitations in providing assurance that model risk is mitigated
Gain a better approach to integrated model risk management through role definitions
Discuss expectation, real or perceived, that impact auditors abilities to add value
Design a holistic approach to auditing model risks
WHO WILL BENEFIT
Auditors,
Audit Managers,
Audit Leaders
Risk Managers
Model Risk staff
Compliance officers
Business executives
External auditors
Consultants
For more details click on this link :
http://bit.ly/2CTFsog
Email: [email protected]
Toll Free:+1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
PRICE :$199
