Model Risk Management Automation
Scale Capacity and Ensure Compliance
Automation built by domain experts to guide you through the latest regulations.
Model Risk Management Automation
Empower Your MRM Function to Keep Up with Evolving Demands
Model Risk Management (MRM) teams are increasingly overstretched, and there’s only so much you can do to boost manual MRM processes.
As financial institutions use more models to drive major decisions, they expose themselves to more model risk. This is compounded by growing model complexity and mounting regulatory pressures. From SR 11-7 to CP6/22, regulatory bodies are forcing MRM teams to improve model governance, actively prevent model misuse and deterioration, and address the potential negative consequences.
Through our managed services model, we blend human expertise, AI, and domain-specific automation that fits seamlessly and securely into your existing processes and takes on your most repetitive tasks. Top global banks trust our experts to deploy guided workflows across the value chain from documentation to reporting.
Provides smart workflows and executive oversight into model inventory and key MRM processes. Benefit from guided workflows for model findings and closure criteria and a real-time audit trail.
Ramp up capacity quickly by automating manual processes.
Streamline and simplify workflows with standardized processes and documentation.
Empower executive management and regulators with visibility over the entire model portfolio.
Related Resources
Optimize Your Outcomes
Reimagining Model Risk Management: New Tools and Approaches for a New Era
Explore how financial institutions are transforming Model Risk Management with new tools, automation, and AI in this collaborative report by Chartis Research and Evalueserve.
RiskMinds Discussion Highlights: Implementing a Risk-Based Approach to Model Risk Management
The recent pandemic significantly stressed the model tiering approach presenting a clear to need for a model risk management system.
SR 21-8: Rationalizing Model Risk Management for BSA/AML Models and Systems
The recently issued interagency statement SR 21-8 is a non-binding guidance note with very useful and practical suggestions on how banks can juggle resources between SR 11-7 and AML/BSA compliance.
Financial Crime and Risk Management— Separate Origins, Converging Practices
The traditional types of risk such as credit and market risk are about losses and are able to be quantified. It may not always be easy to mitigate risk, but the first step is to gather data and make calculations that provide a basis for decisions about whether any given business is worth doing.
- Related Solutions for Financial Services
Related Industries
Additional Industries
Investment Banks
Corporate & Commercial Banks
Asset & Wealth Management
MRM Automation
Request a Custom Demo.
Get in touch today to find out about how Evalueserve can help you improve your processes, making you better, faster and more efficient.