This webinar helps the auditor navigate the field and arrive at the right contribution level.
WHY SHOULD YOU 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 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.
AREA COVERED
- 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
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 assuring that model risk is mitigated
- Gain a better approach to integrated model risk management through role definitions
- Discuss expectation, real or perceived, that impacts 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
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 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.
- 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
- 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 assuring that model risk is mitigated
- Gain a better approach to integrated model risk management through role definitions
- Discuss expectation, real or perceived, that impacts auditors abilities to add value
- Design a holistic approach to auditing model risks
- Auditors
- Audit managers
- Audit leaders
- Risk managers
- Model risk staff
- Compliance officers
- Business executives
- External auditors
- Consultants
Speaker Profile
Daniel Clark
Daniel Clark. CRCMP, CISRCP, QIAL Independent Consultant BEXCPartners.comDan has over 25 years of experience in Financial Services from regional banks to global giants like Citigroup and GE Capital. His early career roles included: sales, credit risk management and operations. For the last 18 years he has been fully focused on Risk Management and Internal Audit. His experience as Chief Auditor in two regional banks and as a senior officer in Audit and Risk Review for Latin America provides unique insight into management practices in and outside of the United States. He is also a recognized expert on GRC, a Public …
Upcoming Webinars
Leadership: Strategic Planning and Decision Making
Writing Techniques for Auditors and Risk Management Profess…
Language is Code - Intro to AI - Generative AI - ChatGPT an…
Gossip-Free: Leadership Techniques to Quell Office Chatter
Do's and Don'ts of Giving Effective Feedback for Performanc…
Do's and Don'ts of Documenting Employee Behaviour, Performa…
4-Hour Virtual Seminar on Audit Proofing your Payroll Opera…
Retention Starts Here: Stop Losing Your Critical Talent and…
Practice Safe Stress ™: Preventing Burnout While Building R…
Cleanroom, Microbiology and Sterility Assurance Practices f…
Impact Assessments For Supplier Change Notices
Thriving in a Hybrid Workplace: Keys to Leadership and Team…
Understanding EBITDA – Definition, Formula & Calculation
2-Hour Virtual Seminar on DeepSeek vs ChatGPT AI for CPAs a…
Construction Lending And Real Credit Administration: Evalua…
How the OBBB Act will Impact Immigration Enforcement! Preve…
FDA Regulation of Artificial Intelligence/ Machine Learning
Sunshine Act Reporting - Clarification for Clinical Research
2-Hour Virtual Seminar on Outlook - Timesaving Tips and Tri…
Leadership Upskilling: Don’t Just Manage; Lead with Influen…
H-1B Visa Updates and Employer Strategies for 2026
Aligning Your HR Strategy with Your Business Strategy: A Ro…
HIPAA 2025 – Major Changes, Latest Rulings & Guidance
AI for Excel Professionals: Enhancing Productivity with Cha…
Understanding Accounting for non - Accounting professionals
Excel Power Skills: Master Functions, Formulas, and Macros …