Crowe | 1 CPE | Using a risk-based approach to execute financial crime model validation
Financial services organizations can face many obstacles to risk-based validation testing, including limited data, limited vendor support, and lack of test environments.
In the next webinar of our “Transforming Financial Crime Challenges Into Opportunities” series, we will explore realistic approaches that financial services organizations can take to overcome those obstacles and implement more effective risk-based validation testing. We will also discuss Crowe designs and methodologies for risk-based testing across organizations of various sizes, complexities, and risk profiles.
You should leave this session with the ability to:
- Define what a risk-based approach is in the context of financial crime model validation
- Analyze regulatory guidance and industry experience to explain how financial services organizations could build risk-based approaches to validation activities
- Describe how to build and apply risk-based testing approaches to model validation projects
- Outline trends in the market, including obstacles to validation