Our Model Risk and Governance Solution
Banks use quantitative and qualitative analysis within the models in making certain financial decisions and risk assessments, such as but not limited to: Valuing exposures, instruments, and investment positions; Identifying and measuring risk; and Determining capital and reserve adequacy including stress testing.
The Model Risk and Governance Solution consists of a model risk policy, objectives, purpose and scope, and risk mitigation. The framework includes a model attestation, validation, ongoing monitoring and verification process. This product contains a sample model inventory schedule along with a model implementation form to assess the level of risk for each model. This solution provides a comprehensive risk management guidance for banks that utilize models to help measure, monitor and control risk.