The PRA has released the long anticipated Policy document SS1/23 in response to CP6/22. The principles aim to assist firms in enhancing their policies, procedures, and practices to effectively recognize, handle, and mitigate the risks linked to model usage.

Register for this enlightening webinar and gain access to industry experts from UK Finance, SMBC, KPMG and Mitratech as they share their insights on the 5 principles of the SS1/23 Policy and anticipated challenges that firms are likely to encounter, including:

  • The increased scope of the Model Definition
  • Developing a comprehensive model inventory that encompasses all models, including EUC’s.
  • Strengthening the existing Model Governance framework to align with the requirements set forth in the policy

The panel will also delve into strategies for quick wins and offer practical tips, along with exploring how to effectively utilise technology for maximum leverage to meet the May 2024 deadline.

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).

Read more
Henry Umney

Henry Umney

Managing Director GRC Strategy, Mitratech

Former CEO of ClusterSeven, with over 30 years of experience in the financial service and technology sectors. Prior to ClusterSeven, Henry was senior ...

Former CEO of ClusterSeven, with over 30 years of experience in the financial service and technology sectors. Prior to ClusterSeven, Henry was senior director at Microgen, London and held various management positions at AFA Systems and ICAP in the UK and HK.

Read more
Sam Lee

Sam Lee

Head of Operational Risk, EMEA at Sumitomo Mitsui Banking Corporation

Sam is a senior risk and control and front to back process specialist in the corporate banking, capital markets and wealth management space from a str...

Sam is a senior risk and control and front to back process specialist in the corporate banking, capital markets and wealth management space from a strategic, tactical and execution perspective. Operational Resilience, Operational risk, Outsourcing/ Third Party Risk, Cyber Risk, Conduct Risk, change management and cross functional business process expertise together with governance, regulatory and process/ control assessment and enhancement experience. Focus areas include building/ enhancing operational resilience, operational risk, conduct and culture risk, and outsourcing risk and control frameworks; enhancing/ changing business processes and controls and partnering with the businesses and functions to improve embedded risk management, provide value add and opportunities to the business through effective risk management, and as a by-product ensuring compliance with regulatory expectations including operational risk capital.

Read more
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.

Read more
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

 

 

Read more

Click the image below to watch the webinar again