{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC","title":"OCC's Comptroller's Handbook booklet \"Model Risk Management\"","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/cff23623\"></iframe>","width":"100%","height":180,"duration":2076,"description":" \nShow Notes: Model Risk Management (OCC Comptroller's Handbook) \nIn this episode, Samantha Shares discusses the OCC's \"Model Risk Management\" handbook (Version 1.0, August 2021). This comprehensive handbook provides guidance on how financial institutions should manage risks associated with their use of models. \nKey topics covered: \nDefinition of models and model risk\nTypes of risk associated with model use\nGovernance framework requirements\nThree lines of defense in model risk management\nModel development, testing and implementation\nValidation process and requirements\nThird-party model risk management\nDocumentation and inventory requirements\n\nThis handbook is essential knowledge for anyone dealing with model risk management in financial institutions, particularly those subject to OCC supervision.\n ","thumbnail_url":"https://img.transistorcdn.com/DblKo84_Ha6-XOQnfj5k1wmxCkQHeB53BeeKc2eI7dM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ4MTk5LzE3MDM4/NTQxOTktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}