How to face the new challenges in model risk management?

Preparing for emerging model risk challenges

RiskMinds International speakers Manish Dureja, Practice Lead, Credit Risk Analytics, EXL Service, Dimitrios Asvestis, Head of Model Risk Measurement & Quantification, Barclays, Sarah Kæstel-Bjerg, Head of Model Risk Management, Nordea, and Suresh Sankaran, Head of Model Risk Governance, Metro Bank (UK) explore:

• Industry view on expanding definition of ‘models’ to include ‘quantitative methods’.
• Cost of expanded scope of model risk management and impact on decision agility.
• Regulatory developments and takeaways.
• Role of board and target operative model in context of model risk management.”

Accelerating model risk management

Titus Edelhofer, Principal Consultant, Mathworks, re-assesses the key pillars of model governance (regulatory compliance, efficiency, clarity) and explores what it means to accelerate the processes of model risk management.