Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.

Current risk management practice is based on decades of quantitative theory and practice. But what happens next? Will the use of models continue penetrating expert-based disciplines? Will models and validations expand quickly - requiring more regulation? Will the transition to alternative risk-free rates dramatically change how we manage rate and credit risk?

For inside insight, join Wharton’s Dick Herring and risk expert Kevin Oden as they explain the evolution of Model Risk Management - from its introduction in the 1950s, through the impact of personal computing and explosion of applying quant approaches, to 2021 where risk means managing the risk of the firm - not just the trading book. You will also hear their predictions on how key banking areas will be impacted by advances in modeling over the next decade and explore how institutions can ensure effective model risk management (MRM) in the face of any disruption.

We will also: 

• Explore how automation reduces the burden of compliance 
• Learn about emerging modeling techniques used in fraud detection 
• Discuss best practices in validating artificial intelligence and machine learning (AI / ML) models
• Identify common models impacted by the transition from LIBOR
• Understand the expanded role of models in digital banking

 About Kevin D. Oden, Ph.D., Managing Director, RMA Model Validation Consortium, LLC
 As Managing Director of RMA Model Validation Consortium, Kevin is passionate about providing high-quality model validation services at a competitive price point for RMA member banks. Kevin holds a Ph.D. in math from UCLA and was a leader in risk management and model validation for Wells Fargo Bank.