SR Letter 11-7 – Supervisory Guidance on Model Risk Management 2019

Topics

• Background and Model Risk
• Model Risk Management
• Purpose and Scope of the Guidance
• Model Validation
• Model Development, Implementation, and Use
• Roles and Responsibilities
• Governance, Policies, and Controls
• Effective Challenge
• Spreadsheet Controls

Who should Attend

• Broker/dealers
• Asset managers
• Financial officers and controllers
• Supervisors
• Operational risk managers
• Risk officers
• General (legal) counsel
• Board members
• Information technology managers
• Internal and external auditors
• CFOs
• Regulators who supervise or examine banks or financial institutions
• CROs
• COOs
• CPAs
• CIOs
• CFEs
• CBAs