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New Jersey Bankers Association - Internal Audit Committee Meeting 2020

March 20, 2020 @ 9:30am

Location: Cranford, New Jersey

Meredith F. Piotti, CPA, CIA is speaking on the topic Model Risk Management in an Evolving World on March 20, 2020.

As technology continues to change the way we rely on and interpret data, developing a strong model risk management program becomes paramount to ensuring strategic decisions are made using reliable, accurate information. Many institutions are struggling as they try to harness the data they have to gain insights in customer’s behavior and leverage that information to gain a competitive advantage. The failure rate for big data projects is reported to be between 60-85%. Join Wolf & Company to find key steps to take to ensure your project is successful.

Attendees will leave the presentation with:

  • An understanding of how to establish and the importance of a strong model risk management program in the evolving world of model, data analytics and machine learning/Artificial Intelligence.
  • Key things to consider in their Model Risk Management Policy and overall Risk Appetite Statements
  • Oversight requirements to ensure controls are in place to address model risk