DCG Webinar | Model Risk Management for First-Timers: A Compliance Primer
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Model Risk Management for First-Timers: A Compliance Primer

Mark Haberland

Managing Director

Darling Consulting Group

Mark is a Managing Director at Darling Consulting Group. In this role, Mark works directly with financial institutions to strengthen their asset liability management process. He provides support to clients in the areas of liquidity risk management, capital, ALM modeling and reporting and regulatory compliance. He is a top-rated speaker and frequent author and conducts customized workshops and educations sessions for ALCOs and boards.

As community and mid-sized banks face increased scrutiny over their model risk governance frameworks, many compliance and risk professionals are finding themselves responsible for model risk management (MRM) for the first time. This session offers a foundational overview of MRM, explaining key concepts, roles, regulatory expectations, and the lifecycle of a model - from implementation through validation and retirement. Attendees will gain practical insight into how compliance integrates into MRM and how to get started even with limited resources.


Key Takeaways:

  1. Understand what qualifies as a “model” under SR 11-7 and related guidance.

  2. Learn the components of an effective model governance framework.

  3. Identify the roles and responsibilities of compliance, risk, audit, and business units.

  4. Discover how to create a model inventory and categorize models by risk.

  5. Explore compliance checkpoints during the model lifecycle.

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