Model Risk Management
Build Better Models. Manage Risk with Confidence.
What you will cover
- Understand what model risk is and why it matters across pricing, capital and credit decisions
- Know the global rules that shape model risk, including the PRA's SS1/23, the Fed's SR 11/7 and the ECB's TRIM
- Follow a model through its full lifecycle, from development to use to retirement
- Understand model validation as an independent review: the testing, challenge and sign off
- Monitor models in production, spot performance drift and act before it becomes a problem
- See how governance works in practice: the roles, committees and oversight that keep models in control
- Build and maintain a model inventory, and manage model changes with proper control
- Set a model risk appetite and decide how much model risk is acceptable
About this course
Banks run on models, for pricing, capital, credit decisions and much more, and model risk is what happens when those models are wrong or used in the wrong place. This course explains how banks keep that risk under control. You will cover what model risk is, the regulations that govern it, the full model lifecycle, validation and monitoring, and the governance that sits around it all, from the model inventory to committees and change control.
It suits anyone who works with or oversees models: model risk, validation, finance, risk and audit. You do not need a quantitative background to follow it. By the end you will understand how a model risk framework fits together and be able to play your part in it with confidence.
Who this is for
- Analysts and associates in model development, validation or risk who want a clear grounding in model risk management.
- Risk, finance and audit professionals who need to understand SR 11/7, SS1/23 and the wider regulatory picture.
- Anyone moving into a model risk role who wants the lifecycle and governance explained in plain terms.
Requirements
- • No prior model risk experience is needed. The course starts from first principles.
- • A general familiarity with banking or finance helps but is not essential.
Curriculum
14 lessons · 2.2 hrsYour instructor
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Frequently asked questions
Do I need experience in model risk to take this course?+
No. It starts from the basics and builds up, so you can follow it whether model risk is new to you or you want to fill the gaps.
What will I be able to do after finishing?+
You will understand the full model lifecycle, how validation and governance work, and what the main regulations expect, so you can contribute in a model risk or validation role with confidence.
Which regulations does it cover?+
It walks through the frameworks that shape model risk today, including the PRA's SS1/23, the Fed's SR 11/7 and the ECB's TRIM, and explains how they fit together.
How long is the course and how is it structured?+
There are 14 video lessons, about 2 hours in total, so you can work through it in an afternoon or space it out.
Is this course free?+
It is included with membership. The Youtube tier or Pro unlocks every lesson, and Pro members also receive a certificate on completion.
Can I learn at my own pace?+
Yes. Every lesson is on demand, so you start, pause and resume whenever it suits you.