We help you navigate model risk management challenges.

Given the growing risk posed by models, Model Risk Management (MRM) is a fundamental in risk activities across banking and financial services. Since the 2008 Global Financial Crisis, regulatory authorities around the world have focused their efforts on Model Risk Governance frameworks and have issued multiple guidance on this. In light of this, most banks find it challenging to establish a Model Risk Management framework that is transparent and meets the expectations of multiple stakeholders including the board of directors, senior management, regulators, audit committees and shareholders.