Building and managing the models that drive strategic decision making Bookmark has been added
Building and managing the models that drive strategic decision making
Governance, Risk, & Compliance
March 29 | 2 p.m. ET | 18:00 GMT
Host: Mike Juergens, principal, Deloitte & Touche LLP
1 Overview CPE credit | Specialized Knowledge
Organizations are increasingly using models to drive their businesses. These models, however, can be risky and it is important to manage model risk with a structured approach. We'll discuss:
- An overview of how models drive strategic decision making, help identify and manage risks, support compliance in some regulated organizations, and provide competitive advantage.
- The growing prevalence of models and how related risks arise.
- A framework for model risk management, and how it fits within the broader context of enterprise risk management (ERM).
Participants will learn the importance of understanding their organizations' use of models and leading practices for identifying and managing model risk.