Book Online Tickets for SR Letter 11-7 - Supervisory Guidance on, Palo Alto.  This training program will detail why SR Letter 11-7 has become the gold standard for model risk management, with its principle being adopted not only by banks but also virtually all U.S. financial institutions.
Why Should You Attend:
Financial

SR Letter 11-7 - Supervisory Guidance on Model Risk Management

 

  • One Dial-in One Attendee

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    USD 199
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  • Group-Max 10 Attendees-Location

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    USD 449
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  • 1x Person - Unlimited viewing for 6 Months

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    USD 249
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  • One CD-USB is for usage in one location only

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    USD 299
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  • Live + Recorded Version

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    USD 349
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  • Live + Training CD-USB

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About The Event

 This training program will detail why SR Letter 11-7 has become the gold standard for model risk management, with its principle being adopted not only by banks but also virtually all U.S. financial institutions.

Why Should You Attend:

Financial institutions rely on models and quantitative analysis to perform key activities such as investment valuations, risk management, and liquidity and capital management. A sound management of the risks inherent in the use of mathematical models is imperative to reduce the risk of reliance on flawed or misapplied models. SR Letter 11-7, issued jointly by the Federal Reserve and OCC, provides comprehensive guidance for banks on effective model risk management.

This webinar will offer attendees an understanding of the background behind SR Letter 11-7. It will further discuss the purpose and scope behind the supervisory guidance on model risk management.

Areas Covered in the Webinar:

  • Background and Model Risk
  • Purpose and Scope of the Guidance
  • Model Risk Management
  • Model Development, Implementation, and Use
  • Model Validation
  • Governance, Policies, and Controls
  • Roles and Responsibilities
  • Spreadsheet Controls
  • Effective Challenge

Who Will Benefit:

  • Asset managers
  • Broker/dealers
  • Supervisors
  • Financial officers and controllers
  • Risk officers
  • Operational risk managers
  • Board members
  • General (legal) counsel
  • Internal and external auditors
  • Information technology managers
  • Regulators who supervise or examine banks or financial institutions
  • CFOs
  • COOs
  • CROs
  • CIOs
  • CPAs
  • CBAs
  • CFEs
Instructor Profile:
 
Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in enterprise risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of operational risk management at Prudential Financial, Inc. Prior to that, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in risk management and internal audit.

Topic Background:

In April 2011, federal bank regulators published SR Letter 11-7, entitled “Supervisory Guidance on Model Risk Management.” SR Letter 11-7 outlines the regulatory expectations with respect to the risk management processes and internal controls that banks must implement to ensure that models are developed, implemented and used in a well-controlled manner. The guidance also describes the roles of the various areas involved in the management and oversight of models, including the need for independent model validation and effective challenge.

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.