MODEL RISK MANAGEMENT FOR CONNECTED RISK®

Model risk management empowers your organisation to create and maintain your model inventory using effective workflow management

With the emergence of new model risks and ever-changing regulatory obligations, you need to understand which regulation matters and have a comprehensive remediation strategy to avoid reputational damage and fines. We’re here to help.

Models have become more complex and widespread and the increase in regulatory oversight and governance has grown accordingly

The Comprehensive Capital Analysis and Review (CCAR), Fundamental Review of the Trading Book (FRTB), Targeted Review of Internal Models (TRIM), International Financial Reporting Standard 9 (IFRS 9), Supervision and Regulation Letter 11-7 (SR 11-7) and Basel III have all added to increased regulatory pressure. Connected Risk®‘s model risk management solution helps senior managers understand the modelling being used and explain it to regulators and the board. It ensures that data, documentation, and any issues arising are captured on-the-go and allows for enterprise- wide reporting on your organization’s entire inventory of model data.

Model risk management provides you with a comprehensive approach to model inventory management, enabling your teams to:

Track all models

Track all models, across all risk themes, using a single inventory store, helping to reveal any potential redundancy and duplication within the inventory.

Identify issues

Identify model issues and track through to resolution.

Add documentation

Add supporting documentation to demonstrate methodology and results.

Evidence governance

Evidence necessary governance for independent and regulatory review.

Faster responses

Have a faster response to regulatory changes that impact your models.

Reduce risk

Reduce the risk of noncompliance and recognize potential opportunities.

Empower your model risk management practices with features designed to expand your Connected Risk® solution

Connected Risk® provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing.

Connected Risk® utilises enhanced drag-and-drop and powerful data mapping capabilities for creating additional taxonomies and linkages into neighbouring risk areas.

The Model Risk Management module is highly configurable and can help your teams:

Tailor-made, just for your organisation

Tailor the solution to meet your organisation’s growing regulatory needs

Evolve with regulatory change

Ensure evolving regulatory needs and internal policy updates are incorporated into the organization’s model inventory management.

Provide evidence with integrated reporting

Provide evidence of the latest taxonomies and relationships with our integrated reporting capabilities.

Expand with our RESTful API

The Connected Risk® platform provides RESTful web service endpoints that allow bi-directional integration of your data.

Schedule a demo of Connected Risk®'s model risk management module and see how your organisation can advance with confidence

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"Powerful Platform For Compliance With Dynamic Regulatory Environment"

5/5

“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”

Senior Associate, Finance Organisation with an annual return of $1-3BN USD