Increasing numbers of risk and compliance models are being developed and implemented within financial institutions globally to help meet regulatory requirements. Models for managing customer risk scoring and (enhanced) customer due diligence risk, transaction monitoring and watch-list management are some examples.
Many organizations first applied model risk management practices to areas such as financial and credit risk modeling. However, as regulators have indicated, model risk management also applies to areas such as anti-money laundering, therefore AML models are also being brought into this practice.
Join ACAMS and Oracle for an informative webcast on “Model Risk Management across all Financial Crime Applications” and understand the different MRM approaches and practices adopted by banks. The webcast will also explore the impact of these approaches and practices beyond AML into other areas such as fraud and operational risk.
(Original Broadcast Date: November 13, 2014)
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