Risk Modelling for Non Quants

Description

Risk Audit would like to draw your attention to our forthcoming course covering Risk Modelling for Non-Quants.

Financial institutions have increased their reliance on statistical models in all areas of their business.

These models are being used to price and value financial products. They are being used to enable an organisation to comply with capital adequacy regulations. They are being used to enable a business to plan and control its business from a strategic perspective.

This one-day course explains how these models are used, how they are built and goes on to describe the key controls that are essential when placing reliance on their output.

We provide tips for quick wins when examining this whole theme.

The emphasis of the course is very much built around learning from the lessons of the financial crisis and the role that poor model controls played.

Aimed At

Internal auditors and risk managers at all levels, who are interested in obtaining an insight into the practical usage and control of risk models.

Programme

• An analysis of the usage of risk models for pricing, valuation and risk management purposes;
• Building a model – the technological challenge
• The role of quantitative analyst
• Documenting and challenging the methodology
• Data integrity
• Validating the results
• Tips for Quick Wins