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January 25
webinar
Jan 25, 2018
Credits:

OVERVIEW The increasing use of models that facilitate analysis and strategic decisioning has added additional risk to many organizations risk profile. Specifically, Financial Institutions are seeing increased regulator coverage over model risk management in examinations. Additionally, Boards of Directors are taking a more robust interest in how an organization defines and manages model risk. The proliferation of models within an organization also provides a real opportunity for internal audit to provide value. That being said, it is harder than one thinks to understand the full ramifications of model risk and what auditor’s role should really be. This webinar provides guidance on how auditors can best contribute to mitigation of model risk, whether the organization is a beginner or expert in the use of models. 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. This webinar helps the auditor navigate the field and arrive at the right contribution level. WHY SHOULD YOU ATTEND By attending this training auditors gain a new perspective on how to add value to their organizations management of model risk. Rather than sit on the outside or outsource the auditing of risk processes, this webinar will provide the auditor a detailed program of contribution and value add to any organization that utilizes models in their day to day business. AREAS 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 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 SPEAKER Dan has over 30 years in financial service industry. Beginning his career in 1982 and spending over 25 years within Citibank, he was exposed to national and international banking, primarily focusing in 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 $400B consumer banking activities located in Latin America, including the largest bank in Mexico, Banamex. After leaving Citibank, Dan 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). For the past three years he has been the Director of Internal Audit at Washington Trust Bank Dan is active in the IIA and the RMA and is a published contributor to industry practice. Presently Dan holds three certifications and is a strong advocate of progressive risk based audit processes. He is the owner of THECRABBYAUDITOR.com, a site dedicated to auditor personal development and recently published “Dare to be Different: An Auditor’s Personal Guide to Excellence” to wide acceptance throughout the audit community. For more details click on this link : http://bit.ly/2CTFsog Email: support@trainingdoyens.com Toll Free:+1-888-300-8494 Tel: +1-720-996-1616 Fax: +1-888-909-1882 PRICE :$199

Member Price: $199 Non Member Price:

Contact Information

Training Risk Doyens Training Doyens 26468 E Walker Dr,Aurora, Colorado 26468 E Walker Dr Aurora, Colorado 80016-6104, CO 80016-6104 United States of America 7209961616 (Tel) (Fax) support@trainingdoyens.com