In this paper, Numerix Chief Strategy Officer & SVP, Satyam Kancharla, outlines industry best practices for mastering model risk. The article explores the evolution of model risk, including regulatory drivers and industry challenges—in addition to model risk analysis, model assessment, validation and review processes. The paper concludes with a case study example involving model validation for a large insurer, and a detailed description of the four best practices for model risk management in today’s financial marketplace.
Highlights include:
Risk Live North America
Risk Australia
Risk ASEAN 2020
Risk Australia
Asia Risk Congress 2020
QuantMinds International 2020
Risk ASEAN 2020
Thinking Derivatively - December 2019 Issue
Thinking Derivatively - November 2019 Issue
Thinking Derivatively - October 2019 Issue
Risk and Libor Summit USA
Thinking Derivatively - September 2019 Issue