Building a Proactive Model Monitoring Program
Building a Proactive Model Monitoring Program
In today’s reliance on financial models, it is now more than ever essential to be performing on-going monitoring of your models for appropriate fit and accuracy during these unprecedented times. On-going model monitoring of a model's performance throughout its working lifetime is a crucial tool of model risk management. Boards and ALCOs need comfort and the confidence that models employed are understood, accurate and modeling as intended, as well as understanding its limitations. In this presentation we will explore how to build an effective OMM framework and process, best practice model testing to confirm continued accuracy, model re-reviews and user attestations, and monitoring for model creep.
Chris Mills, Managing Director - MountainView Financial Solutions, A Situs Company

Recorded June 15, 2020
You will receive a link to the recorded session and the presentation within 24-48 hours.
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