Model Risk Management: Innovating How Companies Manage Models
Models are used across industries to analyze, predict, and represent performance and outcomes that impact operations and business strategy to analyze and forecast prices, events, risks, relationships, and future outcomes. The expanding use of models in organization reflects the extent to which models can improve business decisions, but models come with risks when internal errors or misuse results in bad decisions. Organizations need to provide a structured approach for model risk management that addresses model governance, lifecycle, and architecture to manage models and mitigate the risk they introduce while capitalizing on the significant value of models when properly used.
This webinar helps organizations to understand:
- How models are used in organizations
- The risks associated with models
- Growing compliance requirements to address model risk
- How organizations can govern models and mitigate risk
- The value of modeling your models
- MEGA’s innovation in modeling models for model risk management
MEGA’s solutions for Model Risk Management has been researched, evaluated, and reviewed by GRC 20/20 with organizations that are using it in changing, distributed, and dynamic business environments. In this context, GRC 20/20 has recognized MEGA with a 2015 GRC Innovation Award for the best technology innovation for risk management in 2015.
Chief GRC Pundit,
Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of enterprise GRC, GRC technology, corporate compliance, and policy management. With 22+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architecture, and select technologies that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester.