Skip to Content

How to develop, enhance, and maintain a strong model risk management framework

Presented By:
Scott Phillips
Thursday, November 5, 2020
A well-defined model risk management program is essential for accurate and cost-efficient decision-making. Learn strategies on how to develop and maintain a program at your financial institution from our experts.
Woman sitting on couch with a laptop

As financial institutions increase their reliance on automated systems and software to drive key business decisions and financial reporting activities, a well-defined model risk management program is essential to ensure accurate decision-making in a cost-efficient and valuable way. During this on-demand virtual discussion, Plante Moran experts Scott Phillips and Bryan Johnson share strategies to develop, enhance, and maintain a strong framework that defines, inventories, and risk rates existing models and tools utilized across the organization. These strategies can be used to demonstrate an appropriate model risk management governance structure given their institutions’ complexity, incorporating regulatory expectations on model validation activities into their risk management practices.

View the webinar on demand now

Related Thinking

A group of business colleagues sitting at a long table discussing internal controls.
May 23, 2023

Are your internal controls up to par? Seven questions leaders must ask

Article 3 min read
Two business professionals sitting down and discussing covenant loan compliance.
April 25, 2023

Concerned about your organization's loan covenant compliance? Your bank is

Article 4 min read
Business professionals reviewing information on a handheld tablet together.
April 11, 2023

Professional services playbook: Questions to consider in an evolving industry

White Paper 10 min read