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Risk Management
Model risk

How to face the new challenges in model risk management?

Posted by on 17 March 2023
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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.

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