3rd Edition: Advanced Model Validation
New York, NY: The combination of increased regulatory rigor and emerging technology has spurred the financial industry to improve their modeling procedures. Complex and sophisticated models are being introduced to offset the ever widening scope of decision making. With the use of advanced analytics, models are being developed that incorporate cutting-edge technology such as artificial intelligence and machine learning. Reinvigorated models can lead to higher performance, regulatory compliance, better AML and fraud detection, as well as bolster customer relationships. Advancements in model risk frameworks and validation procedures are vital for the success and longevity of risk management efforts.
The 3rd Edition: Advanced Model Validation Conference will address key topics such as: model governance, integration of model risk into the broader ERM framework, model identification and classification, model development, vendor model capabilities, emerging technologies, data quality and usage, machine learning and artificial intelligence, AML model approaches and validation, aggregate risk, ongoing monitoring, model reporting, implementing CECL, qualitative assumptions and lower tiered models, the three lines of defense, staff retention, plus much more!