BOC Learning Institute New York launched fifth session of “2023 Online Training Series on Global Banking Trends” – Model Risk Management

To remain abreast of the latest trends and best practices in the global banking industry, and in an effort to share high-quality training resources with our domestic and overseas branches, BOC Learning Institute New York successfully conducted its fifth session of the "2023 Online Training Series on Global Banking Trends", titled “Model Risk Management", on November 28^th. The training was jointly delivered by Ms. Tingting She, a model risk management expert at BOC U.S.A., and Mr. Steve Allen, an industry expert from Rutter Associates. During the first part of the training session, Ms. She first introduced US regulatory requirements and expectations, with the general contents and guiding points of the three main documentations, as well as the model risk management governance framework in the US banking industry. Ms. She concluded her remarks by introducing the latest industry trends of model risk management, including its future application in AI and machine learning models throughout the banking industry. For the latter half of the training session, Mr. Allen focused on the comparison of US industry best practices with accompanying regulatory requirements, combined with real-world case studies. He concluded his remarks discussing the typical model inventory of commercial banks and model validation highlights, covering interest rate models and credit risk models among other topics.  The training course provided valuable insights and relevant content for more than 440 group-wide attendees from across the globe. 

This session marks the successful conclusion of our 2023 Online Training Series. We’d like to express our sincere appreciation to all the speakers and colleagues who participated and enriched these trainings with their vast experience and insights throughout the program! In 2024, BOC Learning Institute New York will continue to offer training sessions on hot topics that cover the banking industry. Please study tuned for further details and updates!