Model Risk Lessons from Silicon Valley Bank's Failure - For the Internal Audit Professional
 
September 12, 2023
9:00AM MST (AZ)
1 CPE

Prior to March 2023, few people outside of the tech and venture capital communities in the Bay Area knew of Silicon Valley Bank. Within 48 hours, SVB became a household name worldwide, as an abrupt collapse resulted in the second largest bank failure in US history. This rapid implosion shook the foundations of the entire global financial system, and it continues to reverberate. We invite you to join us on Tuesday, September 12, 2023 at 9:00AM, for this thoughtprovoking webinar, as Josh Salzberg examines the unravelling of Silicon Valley Bank, and its implications.

Course Description:

  • High level review of what happened at Silicon Valley Bank (SVB).
  • Why this bank failure is deemed a risk management oversight failure at multiple levels.
  • Takeaways and lessons for auditors, and their role in model risk management.
  • Why model risk management is not for banks and credit unions ONLY.

Cost:  
•    Member: $40
•    Non-member: $50
Offered: Virtually

Don't miss this unique training opportunity - Register Today!

               

 

Josh Salzberg
Velligan-Blaxall Consultants, LLC
  • Partner of Velligan-Blaxall Consultants, LLC (VBC) – a provider of risk management and consulting services to banks, credit unions and fintech companies.
  • Over 20 years of banking experience.
  • Manages VBC’s model validation practice, which includes leading business development and new service offering efforts, and overseeing all model validation engagements, client communication and validation deliverables.
  • Authored several articles for financial industry trade publications.
  • Prior to joining VBC, Josh spent three years at a large multi-currency global bank, where he led the development and implementation of the bank’s net interest income and earnings at risk simulation models.
  • Previous experience includes customized interest rate and credit analytics/consulting on bond portfolios and balance sheet strategies at a global broker dealer; asset liability management reporting and analysis at a regional bank; and mutual fund investment advisory at a global asset manager.
  • Received his M.B.A. in Finance from The Johns Hopkins University – Carey Business School.
 

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