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