Managing Model Risk in Risk and Pricing Models 2015

Providing attendees with a comprehensive overview of the techniques and practices used to mitigate model risk within financial institutions. “A model without sufficient validation is only a hypothesis” * In recent years quantitative modelling has been applied to a wide variety of increasingly complex products and processes. The results of these models are also being used to inform a growing number of business decisions and regulatory criteria. As a result financial institutions must carefully manage and mitigate the risks that can arise from the use of these models. The first day of the course will provide attendees with a comprehensive overview of the techniques and practices used to mitigate model risk within financial institutions. Consideration will be given to the quantitative aspects of modelling as well as the internal processes and possible institutional constraints involved in risk model validation. The second day will then examine the techniques which can be employed to mitigate model risk across specific derivative pricing models. *Roger M Stein. ‘Benchmarking default prediction models: pitfalls and remedies in model validation’ in Journal of Risk Model Validation (77–113) Volume 1/Number 1, Spring 2007. Time: 9:00 am - 5:00 pm. Category: Classes / Courses | Professional Training. Artists / Speakers: Martin Goldberg, Bernhard Hlentzsch. URLs: Booking: http://atnd.it/34802-0 Website: http://atnd.it/34802-1 Prices: Early Bird - before 23rd September: USD 2,199, Standard - after 23rd September: USD 2,499. Submit Once, Submit Everywhere event marketing by @evvnt - http://bit.ly/septSUBMIT