WEBINAR: Did Your Validation Catch This? The Importance of Looking Beyond the "Checklist"
The current rate environment is both unfamiliar and unprecedented, and bankers are looking for help to navigate the challenges they face every day. The answers can be found within the models they utilize for risk management purposes, but how reliable is the information these models provide? These models are becoming more sophisticated, and the time available to both maintain them and incorporate the output into strategic decision making is diminishing.
Model validations have historically focused on compliance, a more “check-the-box” approach to ensure the process is in line with regulatory expectations. We have found that one can have a fully compliant model that does not provide the information needed to adequately affect decision making for profit optimization and risk mitigation strategies. The true power of these models can be unleashed through a more integrated (or “Wholistic”) approach at ALCO, and utilizing that same approach with your validation can help you get there.
Through discussion and case studies see how risk models are continually evolving to keep pace with the changing environment and how to incorporate these models into your risk management process to ensure you are prepared for whatever comes your way.
Who Should Attend
This session is designed for CEOs, Presidents, CFOs, Model Managers, Controllers, and ALCO members.
- What can be missed in a compliance-focused validation
- Often overlooked aspects of validations and the impact they have on results
- The importance of integrating risk modeling in today’s environment
- How best to utilize the information the models provide for strategic decision making
- Best practices of “high performing” ALCOs
Managing Director, Darling Consulting Group
Mark has over 25 years providing balance sheet and model risk management education and consulting to the community and mid-size banking space.
A frequent author and top-rated speaker on a wide array of risk management topics, Mark facilitates educational programs and workshops for numerous financial institutions, industry and state trade associations, and regulatory agencies. He is also a member of the Financial Managers Society’s Finance Council.
Mark has been with DCG since 1997 holding many roles and responsibilities, including leading the operations of the firm’s Financial Analytics Group for many years. In his current role, Mark’s passion for teaching and collaboration 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 and two children. He is a graduate of St. Michael’s College in Vermont with a degree in accounting.
Registration to the live session includes:
- One online connection
- CPE credit for registrant
- Permission to reproduce the handouts and other written material for additional attendees at your location
Only registered attendees of the live session can obtain CPE credit. Attendees of FMS live webinars also receive two views of the On-Demand version of the program they attend. Use this bonus feature to share the program with colleagues or as a refresher at a later date. Instructions for viewing the on-demand session will be emailed to you at the conclusion of the live event.
|| Earn up to 1 hour of CPE credit
- Level: Basic
- Prerequisites: None
- Advance preparation: None
- Field of Study: Management Services -Technical
- Instructional Method: Group Internet Based
- Length: 60 minutes
For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
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