Model risk management is an ongoing focus for financial institutions. There is an ever-growing complexity of models that need to be monitored and governed appropriately and it is the responsibility of the model risk and validation departments to manage this. With the growing use of AI and ML, model risk management strategies have to be agile and able to adapt to this change, particularly considering the EU AI Act regulations. There is also a growing focus on model definition and inventory which requires institutions to enhance their internal capabilities and improve the collaboration across the three lines of defence to enhance efficiency and avoid risks of default and financial losses.

The marcus evans 7th Edition Model Risk for Financial Institutions conference will give delegates the opportunity to explore the latest advancements in model risk management practices improving the integration of AI and Gen AI models under the EU AI Act, ensuring compliance with regulatory guidelines. Participants will gain insights on best practices to approach critical models and optimize their model definition and inventory understanding the need to improve the model lifecycle across all lines of defense, avoiding the risk of bias and explicability.

Attending This Premier marcus evans Conference Will Enable You to:

• Guarantee compliance with the EU AI Act ensuring transparency and legal adherence in AI model development.

• Explore strategies to improve collaboration between audit and validation teams to meet regulatory requirements efficiently.

• Evaluate the complexities of validating AI and Gen AI models considering the need for clarity and explainability. 

• Advance critical models’ governance aligning practices with evolving frameworks and regulatory requirements.

• Discuss strategies for harmonizing global regulatory standards in model risk management. 

• Improve governance of capital models maintaining regulatory compliance through better data management.

Best Practices and Case Studies from:

• Jens Jakob Rasmussen, Executive Vice President, Head of Model Risk Management, Rabobank

• Stefka Dabijeva, Head of Audit, Model Risk, Nordea

• Diego Onorato, Head of Group Internal Validation, Intesa Sanpaolo

• Fares Triki, Head of Model Risk Management, MUFG

• Evren Baydar, Head of Model Risk Management,  Julius Baer

• Sebastian Ptasznik, Head of IFRS9 and Non-Credit Risk Validation, Close Brothers

For more information and registration discounts please contact: Ria Kiayia at riak@marcusevanscy.com or visit: https://tinyurl.com/2dw6hxw3