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Financial institutions rely on models and quantitative analysis to perform key activities such as investment valuations, risk management and liquidity and capital 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. 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. 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.
Key Learning Objectives
- Understanding the SR11-7 guidance
- Applying the guidance contained in SR 11-7
- Reviewing current models in context of SR 11-7
- Improving the effective use of risk management models
- Evaluating policies and procedures that govern the development and use of risk management models
- Ensuring that there is appropriate board of director and executive/senior management oversight of the development and use of risk management models
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Robert Geary
Founder- Greenwich Risk Management Advisory Services, LLC
Robert has been a banking and finance industry professional for 43 years with 34 years serving in a variety of senior Treasury, financial market, asset management and risk management roles at JP Morgan Chase & Co. Robert Geary is the founder of Greenwich Risk Management Advisory Services "LLC" and services as the principal consultant on many of the firm's consultancy mandates.
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