Optimize model risk beyond banking

While model risk management is deeply entrenched in banking, organizations in other industries are increasingly reliant on complex models for decision making, for example in underwriting, pricing and portfolio optimization. The need to manage and mitigate model risk has never been more pressing. Yet, most organizations outside of banking lack a clear framework to guide them.

This webinar will bring together leaders in model risk management to explore practical strategies for strengthening frameworks in non-bank environments. Discussions will focus on reducing the gap between model creation and implementation, best practices in validation, and lessons learned from managing large-scale model inventories. Attendees will leave with a blueprint for applying model risk management principles across industries, empowering their organizations to balance innovation with risk oversight.

Learning Objectives:

• Define model risk for non bank financial services companies and address the unique challenges and novel risk types
• Adapt banking inspired MRM practices to other sectors and create frameworks that scale
• Discuss the special risks associated with deploying advanced analytics and AI models in operational settings
• Evaluate practical steps to ensure transparency, accountability and value delivery