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Model Risk Management - Best Practices

This program covers the key aspects relating to model risk management as practiced by leading financial institutions. The course addresses common issues of model design inadequacy, parameter flaws, interpolating and bootstrapping errors as well as reliance on back testing on out of sample data sets from a practical viewpoint.

A broad range of models are covered, including pricing, market risk, credit portfolio, economic capital, counterparty risk and stress testing models. Issues of regulatory compliance and governance, policies and controls get addressed from a functional perspective with an aim to achieve efficiency when dealing with model risks in banking.  

  • Date:
  • Please contact us
  • Venue:
  • Manhattan - New York
  • Fee:

  • You might be eligible for preferential rates. Please contact us to check if your company is a member of the LFS Global Client Programme.

Who The Course is For

  • Auditors (internal and external)
  • Industry Regulators
  • Risk Managers and Risk Controllers
  • Banking Executives
  • Compliance Officers

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Prior Knowledge

A basic understanding of risk management and standard measures of risk. A basic understanding of probability and the mathematical foundations of financial models.

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