SR Letter 11-7 - Supervisory Guidance on Model Risk Management
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 banksEnroll in Course
August 20, Tuesday 11:00 AM PDT | 02:00 PM EDT | Duration: 90 Min | Further on Demand
What You Will Learn
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.
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.
You will get NASBA(1.8) credits by attending this course.
This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.8 CPE credit up on full completion of the course.
Why You Should Attend
- 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
- 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
Mario Mosse has over 40 years of experience in operational 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 joining Prudential, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in internal audit and risk management
Peter Madigan - the US regulation editor for Risk.net
Mario Mosse has waged a careful campaign to implement Basel II at Prudential, a New Jersey-headquartered insurance company. Delivering value both to senior management and to the business lines is at the core of his strategy.