Model Risk Management Solution page

Model Risk Management

MRM solutions for an increasingly complex regulatory landscape

Model Risk Management(MRM) Solutions

Acuity Knowledge Partners collaborates with investment managers and investment banks to work as extensions of their Model Risk Management (MRM) functions and provide robust MRM solutions. Our team has in-depth experience in working across the two lines of defense of MRM, namely development and validation, and a strong sense of the perspective required in each line towards a model. Our quants analysts have good knowledge across model development, validation, documentation and regulatory frameworks (CCAR, DFAST, SR 11-7), apart from their quant skills.

We differentiate ourselves by our high-quality talent pool with multi-asset-class experience; bespoke, smart and contextual technology-enabled solutions; and one-stop-shop Model risk management services supported by a multidisciplinary centre-of-excellence model. Our specialist teams bring deep domain expertise and knowledge of regulatory frameworks to help document complex models and develop model monitoring and testing, helping lines of business focus on value-added tasks while seamlessly achieving regulatory compliance.

Support We Offer in Model Risk Management

Model Risk Management Solutions for LOBs

  • Model documentation

  • Documentation maintenance and enhancement

  • Model testing

  • Ongoing performance monitoring

  • Liaising with the second line of defense (LOD) during validation

  • Model issue management and remediation

  • MRM solution

Validation Support

  • End-to-end model validation

  • Validation documentation

  • Issue identification and coordination with lines of business for remediation

  • Outsourcing risk management

How we are different

Offers one-stop-shop model risk management solutions supported by a multidisciplinary Centre-of-Excellence model (risk management, quants, technology, asset management, credit and financial reporting)

Able to attract and retain a best-in-class MRM talent pool with multi-asset-class experience (credit, equity, structured finance, economics, derivatives, and real and alternative assets)

Staff resources with experience in working with varied lines of business and qualified to give deep business context to the models being validated

Builds tailored MRM solutions to cater to all needs of MRM teams – from short-term deadline-oriented projects to long-term strategic staffing

Uses bespoke, smart and contextual technology-enabled solutions to ensure process excellence

Offers EUCT governance supported by expert technology

What we have done

Building a MRM team for the investment management arm of a US Investment Bank
What we are proud of

2x

increase in model risk management (MRM) bandwidth

60%

cost savings achieved

Launched a multi asset MRM team for a US Asset Manager
What we are proud of

60%

cost savings achieved

Fully offshore operation

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