Financial models based on particular methodologies are chosen to help organizations reach financial goals and make decisions. However, sometimes the models themselves pose a threat to the organization. Model Risk Management helps organizations assess their financial models for risks and areas of improvement.
Risk Cloud’s Model Risk Management Application gives a comprehensive view of all your models to make sure you have the right foundation for assessing financial risk. The models are validated and assigned owners who create and maintain a centralized inventory and perform standardized risk assessments and model validations. Plus, everything is documented in one place where it can be easily reported on and changed.