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

Data Integrity – In compliance with CSA, 21 CFR Part 11, Sa…

The five qualities every successful leader must develop

Better Business Writing-How to Write Right

Employee Handbooks: 2025 Critical Issues



Effectively Handle Toxic People for Better Productivity and…

Re-imagine Finance & Accounting Made Simple. Three Webinars…

ChatGPT and Project Management: Leveraging AI for Project M…

Data Privacy and Protection - Data protection laws and best…

How to Lead and Manage a Narcissistic Employee

Use of AI and GPT for Finance Professionals

Analytical Method Validation Under Good Laboratory Practic…

How to Write Contracts for Procurement Professionals

Excel What-If-Analysis Decision-Making Tools

Harassment, Bullying, Gossip, Confrontational and Disruptiv…

I-9 Audits: Strengthening Your Immigration Compliance Strat…

Maximizing Productivity with ChatGPT: AI Solutions for HR, …

Dealing With Difficult People: At Work & In Life


Excel - Reporting Simplified - Learn Pivot Tables from Scra…


Turning Workplace Conflict into Positive Connection

Project Management for Non-Project Managers - How to commun…

Retention Starts Here: Stop Losing Your Critical Talent and…

The Business Case for LGBTQIA+ Inclusion in the Workplace: …



Conquer Toxic People - Learn To Protect Yourself And Get Yo…

AI-Powered Change Leadership Operationalizing AI: Practical…

AI and Human Resources: The Great Opportunity!

Cyber Security Incident Response Team Training Program



Excel Power Skills: Master Functions, Formulas, and Macros …

Transforming Anger And Conflict Into Collaborative Problem …

The Courage to Speak: Overcoming Fear and Owning the Room

6-Hour Virtual Boot Camp on Microsoft Power BI


Finance & Accounting 101 Simplified

6-Hour Virtual Seminar on Learning the Highlights of Excel …