GAC1.4 - Establishing Clear Expectations for Your AML Program's Model Validation

Mar 17, 2014 1:55pm ‐ Mar 17, 2014 3:10pm

Objectives:

Outlining regulatory expectations, areas of particular interest to examiners and key examination findings
Distinguishing a “model” from a “tool” when explaining your processes to the OCC RAD team
Applying 2011-12 models to transaction monitoring, OFAC and customer risk scoring
Constructing test data for divergent processes such as AML transaction monitoring and OFAC screening
Effectively preparing for the OCC RAD team examination and executing its suggestions for remediation, if required

Cynthia A. Barie, CAMS, Senior Vice President, Global AML Monitoring Risk Management, Citi
William D. Langford, CAMS, Chief Compliance Officer for the Americas, MUFG Union Bank, N.A.
Robert Mara, Principal, Ernst & Young
Cathy Nanos, CAMS, Senior Director Technology and Anti-Money Laundering Compliance | Consultant, Ally Financial
John Wagner, CAMS, NBE, Managing Director, Deloitte Risk and Financial Advisory

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