This workgroup focuses on best practices for model design, development, and risk management. It facilitates discussions and material creation for seminars and workshops on the latest innovations in risk modeling, offering members a forum for collaborative learning and sharing of effective risk management techniques.

Key Focus Areas:

• Model Development Best Practices: Establish and promote standards for effective and compliant model development processes.
• Risk Management Techniques: Share and develop techniques that help identify, assess, and mitigate risks associated with modeling processes.
• Innovation in Modeling: Discuss and explore new methodologies and tools that enhance model accuracy, interpretability, and reliability.
• Material Development: Contribute to the creation of educational resources and seminars that highlight current trends in risk modeling.
• Cross-Industry Collaboration: Foster a network of professionals from diverse industries to promote shared insights and practices in model risk management.

This session will feature expert-led discussions, model development workshops, and presentations on emerging trends in risk modeling. Members will have the opportunity to contribute to and benefit from a community dedicated to advancing model risk management.

Register now to join industry peers and engage in leading discussions on best practices in model development and risk management!