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.

How It Works

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.

Why You Need It

• Standardize model development processes
• Make better financial decisions based on valid models 
• Evolve financial models as you change and grow 
• Bring all models together into one view for a comprehensive look of your strategy