JUMOQ Learning · Expected Credit Loss (ECL)

Advanced ECL Validation, Challenger Models and Model Risk

Plan and execute advanced ECL validation using challenger analysis and model-risk principles.

ECL-A03Advanced

Course director: Venkata Subramani Ramachandra

4 hr 22 minFull study estimate

Full study estimate: 4 hr 22 min

Self-paced estimates for one pass through the course. Practical work includes activities, assignments and resource study. Your pace may vary; breaks and repeat attempts are extra. All course and certificate requirements still apply.

Inside this course

Select a topic to see its lessons, videos, practice activities and resources.

Course orientation

LessonCourse Overview - Advanced ECL Validation, Challenger Models and Model Risk
LessonECL Pathway Orientation Guide
VideoData, Governance, Reconciliation and Disclosures

Risk-Based ECL Validation Framework and Performance Standards

LessonRisk-Based ECL Validation Framework and Performance Standards
VideoDesign an Independent ECL Validation Programme
QuizKnowledge Check - Risk-Based ECL Validation Framework and Performance Standards
Decision MissionValidation Scoping Board - Prioritise Tests by Model Risk
Practice LabExecute Discrimination, Calibration and Stability Tests

Challenger Models, Benchmarking, Sensitivity and Outcome Analysis

LessonChallenger Models, Benchmarking, Sensitivity and Outcome Analysis
VideoUse Challengers and Benchmarks to Find Model Weaknesses
QuizKnowledge Check - Challenger Models, Benchmarking, Sensitivity and Outcome Analysis
Impact SimulatorChallenger Gap and Threshold Sensitivity Simulator
Case QuestThe Passing Model that Failed in Practice

Model Risk Classification, Findings, Remediation and Ongoing Monitoring

LessonModel Risk Classification, Findings, Remediation and Ongoing Monitoring
VideoTranslate Validation Findings into Model-Risk Action
QuizKnowledge Check - Model Risk Classification, Findings, Remediation and Ongoing Monitoring
Roleplay StudioModel Risk Committee - Present a High-Severity Finding
AssignmentProduce an ECL Validation Report and Remediation Plan
LessonECL Validation Test Catalogue and Finding-Rating Matrix
LessonModel Outputs, Realised Outcomes and Challenger Validation Workbench
LessonPD, LGD and EAD Fundamentals
LessonData, Governance, Reconciliation and Disclosures
LessonECL End-to-End Process Map
QuizKnowledge Check - Data, Governance, Reconciliation and Disclosures
LessonECL Glossary
LessonECL Movement and Journal-Entry Map
LessonData Quality Checklist
LessonECL Governance RACI

Final Assessment

QuizFinal Assessment - Advanced ECL Validation, Challenger Models and Model Risk

Certificate

CertificateCertificate of completionUnlocks after every quiz is completed at its required pass mark and all course requirements are complete.

Checking current course access…