In recent years, the concept of model management at financial institutions has grown from Model Validation to encompass the concept of Model Risk Management (MRM), where the models, their tools and calculators, and the governance that encompass their lifecycle are assessed, documented and monitored.
The risks associated with these models are attracting the attention of senior management, auditors and regulators alike.
Download this white paper to learn:
- How to assesses the current state of model creation in the financial services industry.
- The challenges that come with managing model risk across corporate and Shadow IT environments.
- The features and capabilities to look for in a solution to help you manage model risk.