Model Validation Detailed Process

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=QvxJL9lfhPw

One of the most miss understood areas of finance is model validation also known as model risk management. I've even had developers acted surprised when I explain what we do and what I look for in models. Nothing should be a surprise to a developer or anyone in the industry as we basically do model development in reverse order. • I break down the main areas that are reviewed by validation teams. At the end of the video I cover validation team maturity levels as well. • If you want to work in model validation you'll need a strong background in both statistics and the financial industry. There are a lot of different types of models and frameworks that are used across different areas of banking. It is far easier to start as a developer and transition into validation than starting as a validator. • ***This video is my opinion and NOT based on any specific bank*** • Quant t-shirts, mugs, and hoodies: • https://teespring.com/stores/fancy-quant • Connect with me: • / dimitri-bianco • / dimitribianco

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