The Prudential Regulation Authority (PRA) has set out the expectations for banks' model risk management programmes. Further regulation into these financial services bodies puts pressure in their MRM ecosystems. Is your organisation prepared for the heavy scrutiny?

Minimum expectations stipulated by the PRA are:

  1. Up-to-date, risk ranked, inventory of EUCs, non-models, tools and calculators.
  2. The ability to demonstrate that this inventory and model inventory are complete.
  3. Ensure appropriate control frameworks in place.

Join Mitratech and KPMG experts in this crucial new webinar for a powerful view into the PRA's CP6/22 and how to get your organisation ready.

Simon Hills

Simon Hills

Director, Prudential Policy, UK Finance

Simon leads the Prudential Capital and Risk team at UK Finance, which focuses on influencing the implementation reforms to capital and liquidity requi...

Simon leads the Prudential Capital and Risk team at UK Finance, which focuses on influencing the implementation reforms to capital and liquidity requirements in the UK. He leads UK Finance's work on the senior managers' and certification regime (SMCR), which seeks to improve bank-wide governance and culture, and has extensive knowledge of prudential regulatory architecture.

He is also interested in operational resilience and different types of bank capital and funding instruments such as bail-inable and covered bonds and securitisation structures. His banking background is in fixed income sales, trading and origination as well as energy and aerospace project finance. He is liveryman of the Worshipful Company of International Bankers and is a former member of the European Banking Authority's Banking Stakeholder Group.

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Robert Smith

Robert Smith

Partner, Financial Risk Management, KPMG IFRG Limited (UK)

Rob is a Partner in the Risk practice of KPMG UK's financial risk management department with over 15 years of finance and risk management experience. ...

Rob is a Partner in the Risk practice of KPMG UK's financial risk management department with over 15 years of finance and risk management experience. For the majority of his career, Rob has been specifically focused on risk and capital measurement and management within the Banking industry. Rob has responsibility for the UK's stress testing, model risk and governance and market/counterparty credit risk services. Prior to joining KPMG Rob spent more than 8 years working for a global European bank in the risk management function. Rob was Global Head of Economic Capital and was also a member of the Bank's Basel II implementation team.

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Henry Umney

Henry Umney

Managing Director GRC Strategy, Mitratech

Henry is Managing Director of GRC Strategy at Mitratech and joined Mitratech as part of theClusterSeven acquisition in 2020. Henry joined ClusterSeven...

Henry is Managing Director of GRC Strategy at Mitratech and joined Mitratech as part of theClusterSeven acquisition in 2020. Henry joined ClusterSeven in 2006 and forover 10 years was responsible for the commercial operations of ClusterSeven,overseeing globally all Sales and Client activity as well as Partner engagements before being appointed CEO. Henry has over 30 years of experience and expertise from the financial service and technology sectors and prior to ClusterSeven, he held the position of sales director in Microgen, London and various sales management positions in AFA Systems and ICAP, both in the UK and Asia.

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Adam Tan

Adam Tan

Model Risk Management UK Lead, KPMG

Adam leads model risk management in the UK and brings over 20 years of experience to the Banking Risk practice of KPMG, with the last 17 years in Lond...

Adam leads model risk management in the UK and brings over 20 years of experience to the Banking Risk practice of KPMG, with the last 17 years in London. He has directed engagements at > ten global banks on model governance, model lifecycle and model validations across credit, derivative pricing, and non-financial risk models. Adam has also partnered with large global banks on strategic risk transformation and operating model re-design.

Adam is a Fellow of the Institute of Chartered Accountants in England and Wales and has a BCommerce (Accountancy) and MFin (Financial Engineering).

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Mitratech

Mitratech

Mitratech is a proven global technology partner for corporate legal, GRC, and HR teams seeking to maximize productivity, decrease costs, and mitigate ...

Mitratech is a proven global technology partner for corporate legal, GRC, and HR teams seeking to maximize productivity, decrease costs, and mitigate risks by deepening operational alignment, increasing visibility, and spurring collaboration across their organizations. By partnering with customers to design, develop, deliver and support the best legal, GRC and HR software solutions on the market; Mitratech enables departments to become hubs of efficiency, innovation and excellence for the entire organization.

Mitratech’s Platform provides expert product offerings to organizations worldwide, supplying end-to-end solutions that enable them to implement best practices and standardize processes across all lines of business, as well as effectively manage risks and ensure business continuity.

Mitratech serves over 1,800 organizations worldwide, spanning more than 160 countries.

For more information, please visit: www.mitratech.com

 

 

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Click the image below to watch the webinar againCP622 Model Risk Management is your bank prepared