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. 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

2025 Handbook Overhaul: Navigating Critical Updates! Federa…


Dealing With Difficult People In Life & Work

Harassment, Bullying, Gossip, Confrontational and Disruptiv…

Copilot and HR: An Introduction for HR Professionals

Beat Workplace Burnout: 10 Proven Techniques to Manage Your…

Workplace Investigations Uncovered: Best Practices and Stra…

Employers Should Prepare for Immigration Raids in 2025! Thi…

Managing Toxic Employees: Strategies For Leaders To Effecti…


Keys to Captivating an Audience: Informing and Inspiring t…

Do's and Don'ts of Documenting Employee Behaviour, Performa…

Understanding Artificial Intelligence (AI) & using Chat GPT

Transform Data into Insights: A Beginners Guide to Excel Pi…

Empowering Conflict Resolution: Letting Go to Gain Control


Outlook - Master your Mailbox - Inbox Hero Inbox Zero

Bootcamp for New Managers and Supervisors: Develop These Es…

Project Management for administrative professionals

Negotiating Skills For Professional Results - Winning Strat…

How to Write Effective Audit Observations: The Principles f…


How to Use ChatGPT to Write Employee Evaluations


Power BI - Getting Started Building Reports and Dashboards

3-Hour Virtual Boot Camp on Easier Excel Automation with VB…


Onboarding is NOT Orientation - How to Improve the New Empl…

How to Conduct Exit Interviews - Implementing and Enhancing…

Onboarding Best Practices for 2025: Proven Strategies to Po…

Form W-9 Compliance: TIN Verification, B Notices, and Avoid…

The Five Cs Of Commercial Credit: The Basic Elements Of Cre…

2025 EEOC & Employers: Investigating Claims of Harassment …

2-Hour Virtual Seminar on How to Conduct an Internal Harass…