BEGIN:VCALENDAR X-WR-TIMEZONE:US/Eastern DTSTART:20180306T130000 DTEND:20180306T140000 VERSION:2.0 LOCATION:OnlinePRODID:-//Training Doyens //EN METHOD:REQUEST BEGIN:VEVENT UID:20180306T000000-318598599-example.com DTSTAMP:20180306T000000 DTSTART;TZID="US/Eastern":20180306T130000 DTEND;TZID="US/Eastern":20180306T140000 SUMMARY:The Auditor and Model Risk Management DESCRIPTION: The increasing use of models that facilitate analysis and strategic decisioning has added additional risk to many organizations risk profile. Specifically, Financial Institutions are seeing increased regulator coverage over model risk management in examinations. Additionally, Boards of Directors are taking a more robust interest in how an organization defines and manages model risk. The proliferation of models within an organization also provides a real opportunity for internal audit to provide value. That being said, it is harder than one thinks to understand the full ramifications of model risk and what auditor’s role should really be.  This webinar provides guidance on how auditors can best contribute to mitigation of model risk, whether the organization is a beginner or expert in the use of models. 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 really 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. This webinar helps the auditor navigate the field and arrive at the right contribution level. PRIORITY:3END:VEVENT END:VCALENDAR