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Model Risk Management - FRB Letter SR 11-7

3986
Duration : 60 Minutes

Robert Geary,

Robert Geary is the founder of Greenwich Risk Management Advisory Services "LLC" and services as the principal consultant on many of the firm's consultancy mandates.

Robert has been a banking and finance industry professional for 43 years with 34 years serving in a variety of senior Treasury, financial market, asse Read more


SR Letter 11-7 has become the premier standard for model risk management, with its principles being adopted not only by banks, but also by virtually all U.S. financial institutions.

It addresses model construction, validation and usage. It goes on to review model management responsibilities including oversight, governance and policies.

The guidance also cites the need for uniformity of model management and policies across businesses within an organization. This training program will detail why SR Letter 11-7 has become the gold standard for model risk management, with its principle being adopted not only by banks but also virtually all U.S. financial institutions.

Course Objective:

• Understanding SR11-7 guidance
• Applying the guidance contained in SR 11-7
• Review of current models in the context of SR 11-7
• Improve the effective use of risk management models
• Evaluate policies and procedures that govern the development, validation and use of risk management models
• Understanding model validation
• Ensure that there is appropriate board of director and executive/senior management oversight of the development and use of risk management models

Course Outline:

• Background and objective of SR 11-7
• Defining model risk
• Summary review of types of risk management models
• Purpose and scope of the guidance
• Model Risk Management

• Development
• Implementation
• Use

• Model Validation
• Governance

• Management oversight
• Policies and Control
• Roles and Responsibilities

• Actual case studies reflecting model risk experiences

What You Get:

•  Training Materials
•  Live Q&A Session with our Expert
•  Participation Certificate
•  Access to Signup Community (Optional)
•  Reward Points

Who Will Benefit:

• Model developers
• Model evaluators
• Business managers utilizing models
• Financial managers utilizing models
• Risk managers
• Auditors
• Board of Director members
• Executive and senior managers

• CFOs
• COOs
• CROs
• CIOs

• Regulators
• Risk educators

Please reach us at 1-888-844-8963 for any further assistance or if you wish to register

100% MONEY BACK GUARANTEED

Refund / Cancellation policy

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Subject : Model Risk Management - FRB Letter SR 11-7


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