Daniel Saunders

Head of Model Risk Management, USAA

Dan serves as Head of Model Risk Management (MRM) at USAA and is responsible for leading all aspects of the MRM program. In this role he chairs the Model Risk Committee and is accountable for Model Governance (Policy Standards Procedures Inventory Management and Risk Reporting) and Model Validation of all mathematical financial statistical actuarial AI/ML and qualitative models. Dan also leads program integrations with control testing and RCSA third party risk management privacy compliance and legal to ensure a comprehensive yet streamlined approach to managing model risk for the organization.

 

Dan joined USAA in June 2015. Prior to joining this he worked as an academic and held many teaching roles across the California State University – Channel Islands the University of California – Santa Barbara and the University of Kansas teaching courses in microeconomics macroeconomics econometrics corporate finance probability and statistics and mathematics. He holds a Ph.D. degree in Economics from the University of California – Santa Barbara where he specialized in behavioral economics and finance.

All Sessions by Daniel Saunders

10:50 - 11:25

VENDOR MODELS AND THIRD-PARTY DEPENDENCE

Outsourced doesn't mean out of mind
Managing risks of dependencies on vendor models

  • Addressing lack of transparency in vendor AI and quant models
  • Negotiating vendor accountability and explainability requirements
  • Monitoring reliance on alternative data in third-party models
  • Balancing vendor efficiency with internal control expectations
  • Regulatory expectations for vendor model risk oversight