The Importance and Value of an Independent Validation – How Model Risk Governance Can Help Your Institution

With advances in technology and the rise of Big Data, organizations have dramatically increased their reliance on computational models for making business decisions. As the number and complexity of models has grown some organizations have struggled with how to best manage these tools. Does your organization have the policies, processes and procedures, as well as the value of an independent validation to ensure the efficient and effective use of your models? In this session, we will cover the basics of model risk governance, what your auditors and the regulators will be looking for, and how your institution can get more value out of your model validations.

Speakers: Robert Loffink, Director – Financial Services Consulting, Moss Adams, LLP and Anthony Porter, Business Assurance Senior Manager, Moss Adams, LLP