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Navigating Model Risk Management and Validation

With the adoption of CECL, model risk management has been thrust to the forefront. In this session, you will gain an understanding of the components of model risk management, including risk segmentation, model development, back-testing, and validation.

Upcoming
Monday, January 27th, 2025
1:30 pm - 3:30 pm
Presented by Michael Umscheid
2 CPE Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Auditing
  • Commercial/Business Lending
  • General Compliance
  • Lending
  • Lending Compliance
  • Reporting
  • Board Member
  • Branch Manager
  • Commercial Lender
  • Consumer Lender/Retail Banker
  • Controller/Accountant
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Risk Manager
  • Senior Management
  • Small Business Lender
  • Training Manager
  • Trainer

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This webinar will help you identify key concepts of model risk management, identify the interactions between different models, and define model risk management policies. The session will address model risk management components, including model development, methodology, assumptions and limitations, and documentation.

What You'll Learn

  • Identify and define key concepts of model risk management
  • Identify the integration between different models
  • Determine model validators’ expectations of model policies and procedures
  • Identify common model deficiencies

Who Should Attend

This webinar is ideal for employees from financial institutions who are involved in CECL processes. ARCSys Technologies, LLC DBA assures that the program content and program level for this course are appropriate for the intended participants.

Field of Study:Accounting

Skill level:Basic

Prerequisites:None

Advanced Preparation:None

Michael Umscheid

Instructor Bio

Mike has been providing accounting, consulting and auditing services to financial institutions for over 30 years. Considered the “CECL Guru,” Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL. He is a past member of the Auditing Standards Board, a published author on Accounting and Auditing for Financial Institutions, and has spoken at numerous AICPA conferences. He graduated from Virginia Polytechnic Institute and State University.

Continuing Education Credit Information

Navigating Model Risk Management and Validation has been approved for 2 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) 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 for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.

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