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

Mark Haberland

Managing Director

Darling Consulting Group

With nearly 30 years of experience in balance sheet and model risk management, hands-on experience in audit and leading the operations of DCG’s Financial Analytics Department, Mark has unique expertise for optimizing and “right-sizing” risk management in the community, mid-size, and large banking space.

In his current role, Mark facilitates educational programs and collaborative workshops and is a trusted resource for financial institutions, industry, and state trade associations, as well as regulatory agencies on a variety of balance sheet and model risk management/validation topics, including IRR, Liquidity, CECL, BSA/AML, MRM/ERM, and ALCO.

Mark is a frequent author and top-rated speaker on a vast array of risk management topics and is Past-Chairman of the Financial Managers Society’s Board of Directors. The son of an educator and member of the faculties of Pacific Coast Banking School and Southwest Graduate School of Banking, Mark’s passion for teaching drives his desire to work with bankers to strive for excellence within their organizations.

Mark lives on the North Shore of Boston with his wife, two children, and two dogs. He is a graduate of St. Michael’s College in Vermont with a degree in accounting.

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