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The Auditor and Model Risk Management

This course will help an auditor or a risk manager to navigate the field and arrive at the right contribution level.

  Enroll in Course

  • How to ‘define” a model
  • Reasons that model risk occurs
  • The best audit scope for model risk reviews
  • Aligning audit coverage to model risk
  • Understanding the “Black Box”
  • Governance and why it is important

WHEN

20 November 2018, Tuesday 10:30 AM PDT | 1:30 PM EDT | Duration: 60 Min - Online


What You Will Learn

  • How to ‘define” a model
  • Reasons that model risk occurs
  • The best audit scope for model risk reviews
  • Aligning audit coverage to model risk
  • Understanding the “Black Box”
  • Governance and why it is important

Why You Should Attend

Of the many dynamics involved in model risk, internal audit should not get caught up in areas where they can add little value. This webinar provides auditor’s guidelines on what is really important for them in this area. The value proposition for auditors is very different than what many may think as being able to assure model risks are known, understood and managed is not an easy task.


Learning Objectives:

  • Update and rationalize the definition of model risk
  • Better understand model risk governance impact on diverse operational processes
  • Learn how to explain audit’s limitations in providing assurance that model risk is mitigated
  • Gain a better approach to integrated model risk management through role definitions
  • Discuss expectation, real or perceived, that impact auditors abilities to add value
  • Design a holistic approach to auditing model risks


Who Will Benefit:

  • Auditors,
  • Audit Managers,
  • Audit Leaders
  • Risk Managers
  • Model Risk staff
  • Compliance officers
  • Business executives
  • External auditors
  • Consultants


Class Curriculum


  Lecture 1
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days after you enroll
  Main Module
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Your Instructor


Daniel Clark
Daniel Clark

Daniel Clark has over 30 years’ experience in the financial services industry.

Beginning his career in 1982 and spending over 25 years within Citibank, he was exposed to national and international banking, primarily focusing on consumer, small business and retirement services.

During his last 12 years at Citibank, he was an active leader in the audit and risk review department. His audit and risk career at Citibank culminated when he resided in Miami and Mexico City and was responsible for auditing all consumer banking activities in Latin America, including the largest bank in Mexico, Banamex.

After leaving Citibank, Mr. Clark has held senior audit positions in First Union (Director of Consumer Bank Auditing), USAA (Chief Auditor), Sterling Financial Services (Chief Auditor), and GE Capital (Director of Professional Practices, Director of Americas Audit and Interim Chief Auditor).

Mr. Clark is active in the IIA and the RMA and is a published contributor to industry practice. Presently, he holds two certifications, is a strong advocate of progressive risk based audit processes and is creator of thecrabbyauditor.com.



Testimonials


Micael Marucci - chief Credit Operations Officer at Santander Bank

Let me sum it up…he has forgotten more about auditing than most people will ever know ! Excellent manager and very articulate in communications. Well regarded in the company. A pleasure to work with.

Frequently Asked Questions


How to join the course?
Click on the Enroll button, choose your option and complete the payment. You will be contacted via the email address that you provided on how to proceed with the training.

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