Solytics MRM Conclave 2024: Exploring AI, Generative AI, and the Future of Model Risk Management in Mumbai

‍Date: Tuesday, 21 January 2025
Time: 12:00 PM to 06:00 PM
Venue: Hilton, Mumbai

Join industry leaders, top executives, and model risk professionals for an exclusive, invite-only event focusing on the latest advancements, best practices, and transformative strategies in Model Risk Management (MRM).

(All times are in IST)

• Welcome participants and outline the objectives of the conference
• Provide a brief introduction to the current state of MRM, highlighting India’s evolving market dynamics and its role in the global context.

Topic: Accelerating Model Development, Validation, and Performance Monitoring in Modern MRM Programs

1. Regulatory Context:
   • The increasing scrutiny on AI/ML models by regulators such as the Federal Reserve (SR 11-7), ECB, PRA, and MAS.
   • Managing transparency, fairness, and bias in model development and validation.
2. Challenges in AI/ML Model Lifecycles:
   • Ensuring explainability and accountability in AI/ML/GenAI models.
   • Enhancing performance monitoring for dynamic models prone to data drift.
3. Best Practices:
   • Collaborative model development workflows.
   • Advanced validation techniques, including stress testing and benchmarking for GenAI and LLM models.
   • Ongoing performance monitoring with real-time metrics.

Topic: Building a Future-Ready Model Governance and Inventory Management Framework

1. Increasing Regulatory Focus on AI/ML Governance:
   • Overview of regulatory trends (e.g., EU AI Act, US Blueprint for AI Bill of Rights).
   • Governance requirements for LLMs and GenAI, including version control, accountability, and monitoring.
2. Model Governance Best Practices:
   • Implementing holistic governance for traditional and AI/ML/GenAI/LLM models.
   • Ensuring auditability, transparency, and alignment with regulatory frameworks.
3. Emerging Trends in AI/ML and Governance:
   • Incorporating explainability and bias detection as governance components.
   • Managing interconnected inventory systems for dynamic AI/ML environments. 

Topic: Global MRM Convergence: Key Trends and Learnings for Indian GCCs and Institutions Scaling Internationally

Objective: To address the unique challenges faced by Indian GCCs and multinational institutions in aligning with global MRM expectations while leveraging India’s innovation capabilities.

• Overview of global MRM trends and convergence across regions
• Key implications for Indian GCCs – syncing up compliance with their global counterparts
• Challenges in adhering to global regulatory expectations, such as the EU AI Act, while operating from India.
• Implementing robust AI/ML model governance and guardrails at a global scale
• Leveraging automation to manage large-scale model inventories, validation processes, and ongoing monitoring.
• How GCCs in India are shaping global MRM practices.
• GCC MRM priorities for 2025
• India’s potential as an innovation hub for MRM, supported by its tech talent and digital-first approach.

 Panel Composition:

• Representatives from leading GCCs
• Agus Sudjianto, sharing his expertise on scaling MRM processes internationally.

 Moderator: Dr. Manish Kumar, Chief Analytics Officer, Solytics Partners

Topic: Convergence in MRM for India: Balancing Global Trends and Local Regulatory Challenges

Objective: To discuss how Indian banks and financial institutions can align with global best practices in model risk management while meeting local regulatory expectations and addressing region-specific challenges.

• The growing regulatory emphasis on strong MRM processes and governance in India
• Overview of the global regulatory environment and its relevance to India.
• Harmonizing global MRM frameworks (e.g., SR 11-7, ECB guidelines) with Indian regulatory guidelines (RBI notices).
• Challenges and opportunities in implementing global best practices in India’s regulatory ecosystem.
• Key priorities for Indian FIs in incorporating AI/ML/GenAI models in the model lifecycle and governance framework
• How Indian banks and regulators can leverage automation to streamline MRM processes.

Panel Composition:

• Senior Risk and MRM Leaders from leading Indian banks and NBFCs.
• Expert representatives from Indian regulatory bodies
• Agus Sudjianto, sharing his expertise on scaling MRM processes internationally.

Moderator: Dr. Manish Kumar, Chief Analytics Officer, Solytics Partners

A note of thanks to everyone and summarizing the key takeaways from the session.

• Learn from Agus Sudjianto, Senior Advisor at Solytics Partners and former Head of Model Risk at Wells Fargo.
• Participate in exclusive workshops tailored for AI/ML model governance.
• Connect with top industry leaders, MRM Heads, CROs, and experts.
• Gain actionable insights to navigate evolving risks and compliance challenges.

🎟️ Reserve your spot now: https://forms.gle/ibfek32biVN6TqUH9

Limited seats available. Confirm your participation today to secure your place at this prestigious event.

This event is co-sponsored by Incred Insight

InCred is recognized as one of India’s premier providers of financial expertise and capital solutions, known for delivering customized financial services tailored to meet the diverse needs of its clients. With a strong presence in Institutional Businesses, Asset Management, Wealth Management, and Lending, InCred leverages its deep industry knowledge and innovative approach to address the dynamic demands of the financial sector.

Through its global initiative, InCred Insight, the company extends its expertise to international clients, offering transformative solutions for asset managers, sovereign funds, digital lenders, and banks. InCred’s comprehensive, end-to-end offerings enable businesses to navigate complexity, seize opportunities, and excel in an ever-evolving financial landscape.

With a mission to empower clients through exceptional expertise, cutting-edge solutions, and steadfast support, InCred is dedicated to shaping success and leadership in the global financial arena.