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Model Risk Management

Since the Global Financial Crisis of 2009, robust Model Risk Management (MRM) has become a strategic and regulatory imperative for financial institutions, especially banks.


For more than a decade, CRISIL has been at the forefront of the field, helping financial institutions address unique needs at every step of the MRM cycle. Our expert consultants bring direct experience working with the largest and most complex global organizations. We help these institutions minimize model risk and refine their MRM processes by providing guidance and services in independent model validation, testing, development of control and governance frameworks, and automated solutions.


Our expertise in MRM regulation and policy across jurisdictions makes CRISIL an invaluable partner to banks working to meet stringent regulatory requirements around the world.  

 

 

Solution Components

 

Model Development and Monitoring

  • Model Development (Methodology selection, design and implementation)
  • Model Testing
  • Model Monitoring
  • Model Inventory Management

Model Validation

  • Full Scope Validation
  • Partial or Change Validation
  • Periodic / Ongoing Validation
  • Model Benchmarking and Testing

Model Documentation

  • Model Development/Validation and Report Documentation
  • Existing Documentation Review and Remediation
  • Model Risk Rating and Approval

Model Governance

  • Development of MRM Policy and Framework
  • Model Risk Appetite Framework Development
  • Defining Ongoing Monitoring Plan
  • Review Control Process
  • Assess robustness of Model Control Process

 

 

Execution Accelerators

 

 

Model Infinity

 

CRISIL Model Infinity is an end-to-end model inventory platform addressing all model risk management (MRM) needs that integrates fully with your entire MRM value chain. 

Know more

 

 

CRISIL EDGE

Knowledge Centre

 

 

 

Case Studies

platform-value-estimation
Global Research and Risk Solutions

Model Testing and SR 11-7 Compliance in Murex Sprints
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Global Research and Risk Solutions

Automating Model Testing of Pricing and Market Risk Models
visual-analytics-support
Global Research and Risk Solutions

Create Rating Models to assess borrower creditworthiness and calculate capital charges
partnering-with-an-investment-bank-new
Global Research and Risk Solutions

ISDA SIMM Model Documentation for Japanese Bank submission to NFA
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Global Research and Risk Solutions

Risk Model Enhancement for switch from VaR to Expected Shortfall
efficient-scheduling-of-field-trips-through-relevant-analysis
Global Research and Risk Solutions

Validation/Revalidation of Market Risk Models for Large European Investment Bank
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Global Research and Risk Solutions

Ongoing Pricing Model Performance Monitoring for Top-Tier US Bank
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Global Research and Risk Solutions

Validate Third-Party Vendor Models for US Financial Institution

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Questions

 

Looking for high-end research and risk services? Reach out to us at:

 

United States
1-855-595-2100/
+1 646 292 3520

 

United Kingdom
+44 (0) 870 333 6336

 

 

India
+91 22 33 42 3000 /
+91 22 61 72 3000 

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