SR Letter 11-7 - Supervisory Guidance on Model Risk Management

Gina J. Lowdermilk
Jun 7, 2019 - 01:00 PM EDT
Starting at

$249

Premier price: $224 (save 10%)

Single registration

Buy Now

This training program will detail why SR Letter 11-7 has become the gold standard for model risk management, with its principle being adopted not only by banks but also virtually all U.S. financial institutions.

Why Should You Attend:

Financial institutions rely on models and quantitative analysis to perform key activities such as investment valuations, risk management, and liquidity and capital management. A sound management of the risks inherent in the use of mathematical models is imperative to reduce the risk of reliance on flawed or misapplied models. SR Letter 11-7, issued jointly by the Federal Reserve and OCC, provides comprehensive guidance for banks on effective model risk management.

This webinar will offer attendees an understanding of the background behind SR Letter 11-7. It will further discuss the purpose and scope behind the supervisory guidance on model risk management.

Areas Covered in the Webinar:

  • Background and Model Risk
  • Purpose and Scope of the Guidance
  • Model Risk Management
  • Model Development, Implementation, and Use
  • Model Validation
  • Governance, Policies, and Controls
  • Roles and Responsibilities
  • Spreadsheet Controls
  • Effective Challenge

Who Will Benefit:

  • Asset managers
  • Broker/dealers
  • Supervisors
  • Financial officers and controllers
  • Risk officers
  • Operational risk managers
  • Board members
  • General (legal) counsel
  • Internal and external auditors
  • Information technology managers
  • Regulators who supervise or examine banks or financial institutions
  • CFOs
  • COOs
  • CROs
  • CIOs
  • CPAs
  • CBAs
  • CFEs

Topic Background:

In April 2011, federal bank regulators published SR Letter 11-7, entitled “Supervisory Guidance on Model Risk Management.” SR Letter 11-7 outlines the regulatory expectations with respect to the risk management processes and internal controls that banks must implement to ensure that models are developed, implemented and used in a well-controlled manner. The guidance also describes the roles of the various areas involved in the management and oversight of models, including the need for independent model validation and effective challenge.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.

Field of Study Minutes CPE
Auditing 30 0.6
Business Management & Organization 30 0.6
Specialized Knowledge and Applications 30 0.6
Total Duration - 90 Min Total Credits - 1.8

Webinar Events
Attend Live Webinar
Jun 7, 2019 - 01:00 PM EDT

Duration: 90 Minutes

Single Attendee

Premier price: $224 (save 10%)

Group of 3 to 5

Premier price: $ 359 (save 10%)

Group of 6 to 10 + DVD-USB

Premier price: $ 719 (save 10%)

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment

Premier price: $ 539 (save 10%)

Recorded video

Recorded video session

Premier price: $ 314 (save 10%)


Speaker: Gina J. Lowdermilk, BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.