Model Risk Management is no longer just a technical validation exercise—it is becoming a governance, compliance, audit, vendor management, and AI oversight issue. With the transition from the long-standing 2011 Interagency Guidance on Model Risk Management to the newly issued April 2026 Interagency framework, banks need to understand what actually changed, what did not change, and where examiners are likely to focus next.
This timely webinar breaks down the new expectations in practical terms for community and mid-size banks, with a focus on model inventories, validation independence, risk-based governance, third-party tools, and the growing AI governance gap.
What You’ll Learn
- What Actually Changed from 2011 to 2026
- The Tighter Model Definition and Model Inventory
- Validator Independence Redefined
- Risk-Based Model Governance.
- Vendor and Third-Party Model Oversight
- AI Governance Gap
- 90-day Action Plan
- A materials reference manual
Who Should Attend
This class will be crucial or anyone responsible for enterprise risk, model risk management, model validation, compliance, audit, vendor oversight or implementation of AI tools at the bank. From audit staff to risk management staff to managers of any operational area utilizing models for their functional processes, the class will equip you with an understanding of the critical elements of updated model risk management and the steps to take for implementation at your bank.