Skip to Content

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

Presented By:
Scott Phillips
Date:
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

Business professionals in a conference meeting.
November 18, 2022

Financial institutions: Top regulatory compliance developments to monitor in 2023

Article 4 min read
Person holding telescope
November 14, 2022

How to spot a fraudster: Red flags that may indicate occupational fraud

Article 3 min read
Business professionals in a conference meeting.
November 9, 2022

2022 Financial Services Symposium

Webinar