Lessen the burden on your validation teams. Model validation is an integral part of everyday operations for managing model risk. Thus, there is a need to create robust model risk and model validation frameworks. While regulations continue to evolve, the industry must stay ahead of the curve, adapt to new guidance, and manage resources to implement such changes. Through case study presentations, panels and Q&A, modeling professionals can expect to gain valuable insight into model validation improved practices, and apply them to model risk governance programs.
Building on the very successful 2015 Advanced Model Validation meeting, this highly anticipated edition will address key topics including classification of models versus non-models, model development initiatives & reliability, regulator expectations for model validation, building a foundational validation framework, model risk tiering, risk ranking model inventory, data quality and data collection, departmental communication, shortcomings in applying qualitative model overlays, selecting the proper vendors and variables for expert judgment, validating vendor and PPNR models, best practices to stay compliant, and more.
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