Third Party Review-The Components Necessary for an Effective IRR Review or Validation
Credit Union managers rely on the results of the IRR process to make key decisions. A review of this process by a third party or in-house is valuable. This webinar will explore what an effective review of the IRR process should cover and how the management team can gain greater confidence that risk measurements are reliable and accurately assessed.
THIS WEBINAR WILL:
• Discuss IRR and related policies
• Discuss oversight and management
• Look at how measurement and monitoring are used
• Discuss model assumptions (including back testing)
• Look at Internal controls, program effectiveness, and decision-making