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Model Governance Versus Normalized Policy Deviance
and history of policy deviations should be a primary red flag. A single deviation from model policy ... from isolated behavior, organizations must take care that punitive actions are proportional to culpability ...- Authors: Robert Crompton
- Date: Apr 2018
- Competency: Communication>Difficult message delivery; Leadership>Change management; Leadership>Influence; Professional Values>Ethical standards
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Management skills
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Adding Value with Model Validation
likely to deliver long- term benefits unless the primary objective for each component is adding stakeholder ... establishing controls. A model owner that has been the primary or even sole control over a model may see model ...- Authors: Winston Hall, Veltcho Natchev, Mike Minnes
- Date: Nov 2017
- Competency: Communication>Active listening; Communication>Difficult message delivery; Leadership>Change management; Leadership>Thought leadership; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Governance