An often overlooked aspect of model risk management is the periodic review or “annual touch” expected by regulators in years when a full independent validation does not occur. At best, this oversight can draw regulatory criticism and mandated corrective action. At worst, it can lead to ill-informed strategic decisions and adversely affect an institution’s performance.

During this session, veteran model risk and validation expert Mike Guglielmo will share his insights into this critical aspect of model lifecycle management, what it entails, and how to ensure your program provides sufficient insights to management and the Board.

Key Takeaways:

• Current regulatory concerns and expectations, especially in light of recent interest rate and liquidity risk events  
• Benefits, challenges, and risks associated with the annual review process
• Key steps and best-practice approaches to institutionalizing a successful program

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