Page 31 - Model Risk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jul 26, 2021 A leading financial services organisation has an opportunity for a Senior Data Scientist: Model Validation to join their organization. The role is responsible for the technical review and validation of models used within the organisation, especially machine learning models, ensuring appropriate model governance and model risk management processes. Responsibilities: Manage model risk relating to the end to end model life cycle, with a special focus on Machine Learning models used across the organization Responsible for managing model risk in respect of the entire model life cycle ...

Risk.net Risk Live: big speed-ups for quantum-powered models could prompt bigger questions from regulators Print this page   Regulators and model risk managers have been kept busy in recent years by rapid advances in machine learning techniques that power banks’ modelling of everything from interest rates to customer fraud. If quantum computing continues its rapid march towards commercial viability, they might be about to get a whole lot busier. Speaking yesterday to a panel of experts at Risk Live, Lee Braine, director of research and engineering at Barclays, asked whether ban...

Largest loss-to-VAR ratio at the firm was highest among the 12 intermediate holding companies

Risk.net Banks fear prudential agencies’ move could hamper their own ability to fight financial crime Print this page   US regulators want banks to assess whether their anti-money laundering (AML) systems should be treated as models – and therefore subject to heightened scrutiny and governance standards. But many banks fear the move could slow down AML development – at the very moment the fight against financial crime demands an agile approach. An April 9 inter-agency statement from prudential supervisors calls on banks to determine whether principles for model risk manage...

Weekly Fintech Focus FDIC discusses its fair lending activities in the most recent edition of its Consumer Compliance Supervisory Highlights. US and EU engage in a joint regulatory forum to discuss international coordination on financial regulation and operational resiliency. BCBS publishes its principles for operational resilience for banks, including a focus on third-party outsourcing relationships with financial technology companies. Financial regulators seek comment on model risk management guidance. CSBS seeks comment on a revamp of the nationwide licensing system. FDIC Consumer Complian...