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Model risk management: Validation frameworks and understanding expectations

Thursday, July 20, 2023
2:00 PM ET / 1:00 PM CT

When evaluating model risk management practices at financial institutions, regulators often identify a lack of a comprehensive validation scope.  

Following SR11-7 and OCC guidelines, this webinar will present a validation framework that aims to meet regulatory expectations. You’ll walk through every aspect of the validation framework. This includes ongoing monitoring, assumptions, limitations, internal controls, documentation, data integrity, model results, sensitivity analysis, and scenario testing. We will also share insights into what to expect from validators and how to manage and respond to the findings. 

Additional resources:

Meet Your Presenters

Pablo Salazar, PhD, CFA

Senior Manager, Advisory Services
Pablo Salazar is Senior Manager on Abrigo’s Advisory Services team and has been in the finance and consulting industry for over 6 years. He has extensive experience in financial modeling and model risk management (MRM) and has built a framework and guidelines for following FRB SR 11-7 and OCC 2011-12.

Full Bio

Zachary Struble

Manager, Advisory Services
Zach is a Manager on Abrigo’s Advisory Services team. He has over 7 years of financial services consulting experience with financial institutions ranging in asset size from $200 million to over $20 billion. He specializes in merger and acquisition–related consulting, Day 1 valuation and due diligence services for whole bank

Full Bio