Training Course Syllabus:

Objectives of the Presentation

• 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

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. Rather than sit on the outside or outsource the auditing of risk processes, this webinar will provide the auditor a detailed program of contribution and value addition 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

Seminar Summary:

Of the many dynamics involved in model risk, internal audit should not get caught up in areas where they can add little value. This webinar provides auditor's guidelines on what is really important for them in this area. The value proposition for auditors is very different than what many may think as being able to assure model risks are known, understood and managed is not an easy task. This webinar helps the auditor navigate the field and arrive at the right contribution level. (see full course description)

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