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

Transform Data into Insights: A Beginners Guide to Excel Pi…

Leadership: Strategic Planning and Decision Making

Onboarding Best Practices for 2025: Proven Strategies to Po…

Seeking Truth: Detecting Truth, Lies and Deception in a Wor…

Managing Difficult Employee Conversations

Copilot and HR: An Introduction for HR Professionals

How to Document Employee Discussions and Why it is Important

Dealing With Difficult People In Life & Work

How to Write Effective Audit Observations: The Principles f…

OSHA Requirements for Supervisors, Project Leaders & HR - W…

FDA Compliance And Laboratory Computer System Validation

4-Hour Virtual Seminar on Transformational Leadership - The…

3-Hour Virtual Boot Camp on Easier Excel Automation with VB…


2025 Handbook Overhaul: Navigating Critical Updates! Federa…

Excel Spreadsheets; Develop and Validate for 21 CFR Part 11…

Negotiating Skills For Professional Results - Winning Strat…

Building Thriving Teams: Proactive Strategies for Managers …

Designing Employee Experiences to Build a Culture of Compli…

Empowering Conflict Resolution: Letting Go to Gain Control

Navigating Alcohol and Drug Addiction Protections Under the…

President Trumps Executive Orders And What They Mean to Emp…

The Anti-Kickback Statute: 2025 - Year in Review

FDA Technology Modernization Action Plan (TMAP) and Impact …

Form W-9 Compliance: TIN Verification, B Notices, and Avoid…

Workplace Investigations 101: How to Conduct your Investiga…

50+ new Excel features so far this decade


FDA Regulation of Artificial Intelligence/ Machine Learning

From Challenges to Compliance: Understanding Dietary Supple…

Utilizing HR Metrics to Illustrate & Improve Human Resource…

Do's and Don'ts of Documenting Employee Behaviour, Performa…


The Importance of the first 5 seconds when presenting

Why EBITDA Doesn't Spell Cash Flow and What Does

Outlook - Master your Mailbox - Inbox Hero Inbox Zero

Policy Pops: Navigating DEI in the 2025 Workplace: Strategi…


Impact Assessments For Supplier Change Notices

The Monte Carlo Simulations in Excel for Risky Investments

Understanding the incredible uses and fallbacks of ChatGPT

California Meal and Rest Breaks: What You Don't Know Can Co…

Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…


Onboarding is NOT Orientation - How to Improve the New Empl…


Gossip-Free: Leadership Techniques to Quell Office Chatter

Female to Female Hostility @Workplace: All you Need to Know


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