My Models Are Wrong. . . Why Should I Care? Model Risk Management in a Time of Deregulation

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.

The output from key risk models drives the decisions you make. But what happens if your models are not working properly or producing erroneous results? How do you identify those issues and, most importantly, what can (and should) you do to alleviate those concerns?

Model Risk Management (MRM) is the best tool to optimize model performance.

Amid evolving regulatory focus, this session shares proven practices for aligning governance, validation cadence, and documentation depth to actual risk. Through easy-to-understand examples of how to use resources you already have in place, DCG Managing Director Mark Haberland will demonstrate how model risk management can be a simple, inexpensive, and necessary solution.

Attendees of this timely session will gain perspective on:

Managing the evolving regulatory expectations
Modeling issues that can result in poor decision-making or increased risk to your organization
Developing a “right-sized” process that fits your institution’s needs
The high cost of taking a pass on validations