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ARTICLE

Model Risk Management Challenges and Opportunities in a Volatile World: A Q&A with Evan Sekeris

Jan 20, 2023 | Contending with an unprecedented combination of shocks, financial risk modelers have lately had to ...

ARTICLE

Reducing Operational Risk with Systems Engineering

Jan 13, 2023 | Costly, impactful operational risk events – ranging from fraud, money laundering and record-keeping ...

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The Stagnation of Stress Testing: Causes … and Potential Solutions

Nov 18, 2022 | Next year, with a potential recession on the horizon, bank stress testing will be as vital as ever. ...

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Operational Resilience Through Supply Chain and Business Process Mapping

Nov 11, 2022 | Over the last two years, ongoing disruptions from the COVID-19 pandemic to the Suez Canal ...

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Risk Careers: Trends and Key Skills in Demand in a Topsy-Turvy World

Oct 14, 2022 | Stoked by high inflation, supply-chain breakdowns, recession fears and geopolitical conflicts, ...

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How to Better Manage Operational Risk in Uncertain, Volatile Times

Banks must now contend with complex cyber hazards, growing AI and a variety of other threats, but there are specific steps they can take to improve...

Friday, August 9, 2024

Preparing for Disruptions: Lessons Learned from the CrowdStrike Outage

An IT failure of global proportions exposed shortcomings in resilience planning. More extensive, automation-aided scenario simulations will be needed...

Friday, August 23, 2024

5 Ways to Improve Model Risk Management

How risk assessment, data management, governance and AI can contribute to continuous improvement

Friday, November 17, 2023

Anti-Money Laundering Rules Go in ‘Risk-Based’ Direction

The U.S. Financial Crimes Enforcement Network calls for effective, “reasonably designed” compliance programs. They may not allay concerns about costs.

Friday, March 21, 2025

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Humility and Risk Modeling

Aug 26, 2022 | Having seen my share of risk models in the financial services industry, there are two conventional ...

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Strategic Risk: How to Select Critical Future Scenarios

Aug 19, 2022 | Amid the pandemic, inflation, the oil crisis, and the ongoing geopolitical risk of the past two ...

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Scenario Analysis: Assessing the Quality of the Journey

Jul 29, 2022 | Whenever I question the statistical properties of scenario-based projections, people invariably ...

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Model Risk Management Lessons Learned: Tracing Issues from the Pandemic to the Great Recession

Jul 8, 2022 | Even before the pandemic, model risk management (MRM) departments seemed to be on shaky ground. ...

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