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Global Financial Markets Intelligence

Global Financial Markets Intelligence

Live Online Course: Digital Transformation of Model Management

Transforming the infrastructure and the processes of model management with distributed governance and normalization of data and models for effective model risk management with AI and ML

15-18 Jun 2021
Online, United States of America

Why You Should Attend

Live Online Course: Digital Transformation of Model Management

To ensure we meet your expectations and maximise your return on training investment, we favour a classroom/workshop style set

Regulated financial institutions (FI) that extensively use models are facing challenges in growing model risk management activities and regulatory scrutiny and in the meantime under the pressure to reduce the cost of model risk management.  FIs have to centralize model development and validation activities across the enterprise to address this challenge, increase efficiency of model management activities, and comply with strict regulatory requirements.

The centralization of certain model life-cycle functions may produce limited impact on the overall efficiency of the enterprise model management because models are used in a decentralized environment across multiple business units and operated on fragmented infrastructure and siloed data.  The fragmented infrastructure and data architecture are also the major impediments for quantification of the enterprise-wide model risk with the use of AI and ML techniques.

Non-regulated or smaller FIs that want to use models in their business and risk management processes are facing a dilemma whether to adopt a conventional or distributed model management framework. To make that determination, they consider the implementation cost, expected efficiency of the processes and the efforts required to comply with relevant regulatory requirements. 

This course covers current issues and offers practical solutions.  It encompasses a transformation of the existing framework or development from scratch of an infrastructure that integrates models and data used across corporate functions and business units.  Suggested solutions are enabled by a technology that supports distributed decision making and digital rights management.  These are critical for building agile model management functions and quantifying model risks without incurring excessive costs.

About your expert trainer:

Dr. Alex Shipilov has over 25 years of experience gained inside the financial services industry. He has held executive positions with banking, insurance and accounting firms and led risk management, internal audit functions, and quantitative risk advisory practices. He has also consulted financial institutions and corporate treasuries in Canada, the U.S., the U.K., Spain and Russia. Alex is a co-founder of the Professional Risk Managers’ International Association (prmia.org) and the International Model Exchange (iModX.org).

His experience includes a wide spectrum of services in regulatory remediation, governance, risk management, internal audit, modelling, and data analysis for financial institutions. The nature of the work involved independent testing, validation, and assurance of implementation of blockchain technologies, models, enterprise-wide internal controls and processes.

Alex has developed extensive publications and conference presentations over the past 20 years on the subject of practical approaches to identifying and managing model risk with specific solutions that involve distributed ledger technology and digital rights management.

Pre-course questionnaire:

A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analysed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.

Who should attend?

Industry regulators, CROs, CIOs, CDOs, Heads of Model Risk, Governance, and Validation, model developers, first, second, and third lines of model risk defence, project managers, internal control and audit, and data analysts.

Key Topics

  • Learn how to approach digital transformation of model management to increase efficiency and decrease cost of model usage, regulatory compliance and risk management
  • Gain familiarity with a practical framework of digital transformation impacting the model lifecycle, business processes, people, control and assurance functions
  • Understand how to normalize data sources and models to create an enterprise-wide fabric of modelling ecosystem
  • Utilize AI and ML techniques for quantification of a portfolio and enterprise model risk

  • Why Choose GFMI marcus evans?

    marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

    Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.

    Voice of Our Customers
    • “Great event...subjects and experiences with good examples” JP Morgan
    • “Well exceeded my expectations, topics were exactly what I wanted to hear and apply” BOK Financial
    • “Very, very helpful. Please do it again” Morgan Stanley
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    Event Contact

    For all enquiries regarding speaking, sponsoring and attending this conference contact:

    Kamelia Simeonova

    101 Finsbury Pavement, London, EC2A 1RS

    0044 203 002 3172
    Email: kamelias@marcusevansuk.com