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2020 OCC Blog

February 27, 2020
Contemporary Trends in Model Risk Management
By Saqib Jamshed, OCC Senior Vice President, Model Risk Governance

"Model risk still is an extremely important component of a firm's operational risk profile. It deserves the utmost attention at the C-suite level, the Board of Directors, and regulators."
This is the logical next step in the evolution of model risk management practices as the frameworks underpinning them become more mature. What follows are some of the contemporary trends in model risk management gleaned from my interactions with peers at several financial services firms.

Categories: Compliance, Operational Risk Management, Regulation, Risk Management