Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Advertising

Event Details

Filter
WorldWebinar

The Auditor and Model Risk Management


Add this event to your calendar: iCal   Google Calendar

Details

OVERVIEW

The increasing use of models that facilitate analysis and strategic decisioning has added additional risk to many organizations risk profile. Specifically, Financial Institutions are seeing increased regulator coverage over model risk management in examinations. Additionally, Boards of Directors are taking a more robust interest in how an organization defines and manages model risk. The proliferation of models within an organization also provides a real opportunity for internal audit to provide value. That being said, it is harder than one thinks to understand the full ramifications of model risk and what auditor’s role should really be.  This webinar provides guidance on how auditors can best contribute to mitigation of model risk, whether the organization is a beginner or expert in the use of models.

Of the many dynamics involved in model risk, internal audit should not get caught up in areas where they can add little value. This webinar provides auditor’s guidelines on what is really important for them in this area. The value proposition for auditors is very different than what many may think as being able to assure model risks are known, understood and managed is not an easy task. This webinar helps the auditor navigate the field and arrive at the right contribution level.

WHY SHOULD YOU ATTEND

By attending this training auditors gain a new perspective on how to add value to their organizations management of model risk.  Rather than sit on the outside or outsource the auditing of risk processes, this webinar will provide the auditor a detailed program of contribution and value add to any organization that utilizes models in their day to day business.

AREAS COVERED

How to ‘define” a model

Reasons  that model risk occurs

The best audit scope for model risk reviews

Aligning audit coverage to model risk

Understanding the “Black Box”

Governance and why it is important

LEARNING OBJECTIVES

Update and rationalize the definition of model risk

Better understand model risk governance impact on diverse operational processes

Learn how to explain audit’s limitations in providing assurance that model risk is mitigated

Gain a better approach to integrated model risk management through role definitions

Discuss expectation, real or perceived, that impact auditors abilities to add value

Design a holistic approach to auditing model risks

WHO WILL BENEFIT

Auditors,

Audit Managers,

Audit Leaders

Risk Managers

Model Risk staff

Compliance officers

Business  executives

External auditors

Consultants

SPEAKER

Dan has over 30 years in financial service industry.  Beginning his career in 1982 and spending over 25 years within Citibank, he was exposed to national and international banking, primarily focusing in consumer, small business and retirement services.  During his last 12 years at Citibank, he was an active leader in the Audit and Risk Review department.  His audit and risk career at Citibank culminated when he resided in Miami and Mexico City and was responsible for auditing all $400B consumer banking activities located in Latin America, including the largest bank in Mexico, Banamex.

After leaving Citibank, Dan has held senior audit positions in First Union (Director of Consumer Bank Auditing), USAA, (Chief Auditor), Sterling Financial Services (Chief Auditor) and GE Capital (Director of Professional Practices, Director of Americas Audit and Interim Chief Auditor). For the past three years he has been the Director of Internal Audit at Washington Trust Bank

Dan is active in the IIA and the RMA and is a published contributor to industry practice. Presently Dan holds three certifications and is a strong advocate of progressive risk based audit processes. He is the owner of THECRABBYAUDITOR.com, a site dedicated to auditor personal development and recently published “Dare to be Different: An Auditor’s Personal Guide to Excellence” to wide acceptance throughout the audit community.

For more details click on this link :

http://bit.ly/2CTFsog

Email: support@trainingdoyens.com

Toll Free:+1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

                                         

PRICE :$199

 

Prices

Live Webinar : $199

Contact

Training Doyens
support@trainingdoyens.com

Advertising
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.