Enterprise MRM in Volatile and Digital Times

Enterprise MRM in Volatile and Digital Times
Thought Leadership Webinar: Complimentary to the PRMIA network! Banks and insurers have to work hard to assess the potential financial impact on the overall economy and their balance sheet, loan, and policy portfolios and make decisions accordingly. However, the modelling assumptions and methodologies that prevail in normal times may prove impaired in the context of extraordinary uncertainty, such as today's COVID-19 situation. At the same time, the sudden push for digitalization and AI models is creating more challenges for Model Risk Managers to address.
 


Presented By:
Peter Plochan
Principal Risk Management Advisor, SAS


Date:
October 14, 2020


Time:
10:00 a.m. - 11:00 a.m. EDT
3:00 p.m. - 4:00 p.m. BST


Session Length:
60 minutes

 

About This Webinar

 

An economic crisis situation, like the recent Covid-19, can have serious implications for companies and financial institutions around the world. Banks and insurers have to work hard to assess the potential financial impact on the overall economy and their balance sheet, loan, and policy portfolios and make decisions accordingly. In doing so, they have to leverage the power of analytical models. However, as we have experienced recently, the modelling assumptions and methodologies that prevail in normal times may prove impaired in the context of extraordinary uncertainty. As a result, these institutions and their decisions are  increasingly exposed to model risk.

It is of paramount importance that financial institutions pay particular attention to the governance of model updates, adjustments, and overlays that prove necessary while going through the crisis. At the same time, the sudden push for digitalization & AI models is creating yet another set of challenges for Model Risk Managers to address.

Key topics addressed in this webinar:

  • Recent industry and regulatory developments
  • Model Risk Management during crisis period
  • Impact of Digitalization and AI on Model Risk Management
  • Next steps in MRM and future outlook

About Our Experts  

  
 
 

Peter Plochan is the EMEA Principal Risk Management Advisor at SAS. He helps financial institutions deal with their challenges around finance and risk regulations, enterprise risk management, risk governance, forward-looking risk analysis, stress testing, model risk management, risk modelling, as well as climate change risk management.

Peter has a finance background, a Master’s degree in Banking and is a certified Financial Risk Manager (FRM) with 14 years of experience in risk management in the financial sector. He has assisted various banking and insurance institutions with large-scale risk management implementations while working both internally and externally as a risk management advisor (PwC).

Since joining SAS in 2014, Peter has served as a global acting domain expert - leveraging the latest trends in risk analytics and technology with his deep risk management and finance expertise.

Peter is also a Risk Management instructor for PRMIA where he develops and delivers virtual learning courses on Model Risk Management and ERM & Stress Testing for the global risk community. Peter regularly speaks and presents at risk events, webinars, and publishes risk management thought leadership materials.

 
Continued Risk Learning Credits: 1

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 learning@prmia.org.

  Registration  
  Membership Type Price  
       
  Members (Sustaining, Corporate, RIM & Contributing)
COMPLIMENTARY  
  Non Member COMPLIMENTARY
 
       

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When
10/14/2020 10:00 AM - 11:00 AM
Where
Thought Leadership Webinar
 

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