Model Risk Management
Custom, holistic model risk management services – meeting institutions’ needs now, for tomorrow
Model Risk Management
Financial institutions have long used models in their everyday activities to measure and manage risk – asset-liability management (ALM), Bank Secrecy Act/Anti-money laundering (BSA/AML), budgeting, capital adequacy, current expected credit losses (CECL), liquidity and more. As the list and complexity of models, data assumptions and regulatory requirements continue to grow, so does the need for a flexible model risk management strategy that centralizes your data for consistent enterprise-wide reporting you can trust.
Data is one of a financial institution’s most valuable resources. Baker Tilly’s experienced team of professionals helps clients at every stage of model risk management and regulatory compliance. From framework development and model governance to model validation and model tuning, we prepare your data to be transformed into valuable insights that guide your most important business decisions.
Baker Tilly’s full range of model risk management services are customized to fit the needs of any institution.
Baker Tilly helps clients achieve the benefits made possible with an integrated model risk management solution, including centralized reporting, enabling organization leaders to determine impacts of changing assumptions across all models at once, streamlining processes and resources, and — one of our personal favorites — eliminating single-use spreadsheets.
We start the model risk management process by understanding our client’s data sources and aggregation processes across all current models and how the data is being used across all platforms. This initial exercise allows us to help you utilize your institution's data
