The use of models within financial services is highly contingent of the models meeting the requirements of a model risk management group. However, most models are developed in silos and submitted for review and approval after completion. This approach can lead to unnecessary delays or to the models being rejected when severe issues are uncovered during the review. The agile model risk management approach provides a framework that ensures that end-users and cross-functional risk expertise are incorporated in the model build addressing key risks upfront. 

The agile model risk management approach is a key to an efficient implementation of models as model risk is managed throughout the model development process. Critical issues are identified and resolved throughout the model build minimizing the risk of model rejection at a later stage. Participants will learn:

• the benefits of an agile model risk management process
• the foundation of an agile model risk management framework

Participants will also be exposed to use cases where an agile model risk management process is not indicated. 

About Our Experts
		Michelle Allade is a Certified Enterprise Risk Professional (CERP) with cross-functional risk management expertise in the financial service industry. She currently serves as a Director, Model Risk Management at MetaBank.  She has extensive experience setting up model risk management programs with a specific focus on strategic capital planning, credit, liquidity, market, and compliance models. Michelle previously worked as a consultant where she assisted various financial institutions with compliance to DFAST, CCAR and Recovery planning and Resolution planning requirements. Michelle has a master's degree in mathematical risk management from Georgia State University.

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

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