ComplianceOnline

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

Instructor: Mario Mosse
Product ID: 703995
  • Duration: 90 Min

recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
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Recorded Link and Ref. material will be available in My CO Section

Training CD

$349.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

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 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.

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.

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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.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@complianceonline.com call +1-888-717-2436 (Toll Free).

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