An unwritten rule of banking evolution says that models will spontaneously emerge from individuals within a team, be shared or not, and develop so as to take a life of their own, often remotely correlated with the strategy of the bank and its operations. Undocumented, designed by their author for their own use, lacking validation, these models are difficult to share. Taking over such models entails perplexities and uncertainty, with the result is that modelling errors are less of a risk than a fate, and disaster looms.
Most analysts need a better grasp of what qualitative and quantitative models are being used within teams, and better grasp what models entail, how these can be developed, analysed in a critical fashion and tamed to serve their stated purpose. Beyond the obvious compliance reasons for that, a commonly shared view at models is critical for developing this type of digital assets of a financial institution.
In Salvo Global’s interactive workshop, we use a mixture of interactive explanations, exercises, discussion and real-life case studies to keep the training lively and relevant.
Throughout the program, delegates will be encouraged to bring their own practical issues and case studies, to build an action plan, listing the positive action they are going to perform when they get back to their business to actively apply and develop their knowledge of modelling.
