Advanced Risk Management, s.r.o. organizes a seminar entitled "Model Risk".
The number and importance of models used to manage financial institutions is ever growing. Simultaneously, possible errors stemming from these models and shaping recommended or automatically implemented decisions are increasing as well.
The aim of the seminar is therefore to teach participants to correctly identify and measure risks of models and then to show how to use the results of these methods for practical model risk management. The seminar will discuss key measures for assessing the reliability and suitability of models, the role of validation, monitoring, back-testing and related reporting. The seminar also includes an overview of regulatory requirements / expectations in this area. The seminar will present the methods of model risk management on practical examples covering the life cycle of models.
The seminar is intended for those who deal with the management of model development, implementation, validation and back-testing, as well as risk managers and internal auditors.
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