Roles, Committees, Oversight and How Banks Stay in Control
3 December 2025·10 min
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Model governance is the backbone of model risk management. It is the framework that determines how models are overseen, who is accountable, how risks are escalated, and how decisions are made across the entire model lifecycle. In this session, we break down the structures, roles, committees, and reporting lines that allow institutions to manage model risk consistently, transparently, and in line with global regulatory expectations.
Whether you work in model development, model risk, audit, analytics, risk management, or senior leadership, understanding governance is essential for operating in a modern, model driven organisation.
📌 What You Will Learn in This Session
• What model governance really means
Understand the purpose of governance frameworks and why they sit at the centre of model risk management.
• Roles and responsibilities across the three lines of defence
Learn how model owners, the model risk function, and internal audit work together to provide oversight, challenge, and assurance.
• How governance committees operate
Explore the structure and purpose of Model Review Committees, Model Risk Committees, and Board Risk Committees.
• Board and senior management responsibilities
See how PRA SS1 23 and global standards require boards to take ownership of model risk appetite, oversight, and resourcing.
• The rise of the Chief Model Risk Officer
Understand why many firms are introducing a CMRO and how this role shapes enterprise wide model governance.
• How governance works in practice
Walk through real examples of model approval, challenge, escalation, and monitoring across the full lifecycle.
• Global governance expectations
Discover how the PRA, ECB, Federal Reserve, MAS, and Middle Eastern regulators assess governance during supervisory reviews.
• Governance in multinational institutions
Learn how global banks balance centralised standards with local regulatory requirements in federated governance models.
• Tools and infrastructure for strong governance
See how model risk platforms, inventories, dashboards, and workflow systems support transparency and accountability.
• Why culture matters
Understand how effective governance is built on openness, challenge, and collaboration across functions.
🎯 Who This Session Is For
Model risk professionals
Model developers and validators
Risk managers and internal auditors
Senior leaders and board members
Analytics, data, and compliance teams
Anyone responsible for model oversight in financial institutions
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👍 Support the Channel
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🔍 Keywords
model governance, model risk management, PRA SS1 23, SR 11 7, ECB TRIM, model oversight, model committees, model risk framework, CMRO, model inventory, model approval, model controls, financial models, risk governance, banking regulation, model risk training, the industry portal
model governancemodel risk governancemodel risk managementPRA SS1 23SR 11 7ECB TRIMmodel risk committeesmodel risk frameworksmodel ownershipmodel inventory governancemodel review committeemodel risk committee
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