Independent Model Review – Independently reviewing and (re)validating models and methodologies across functions and risk types within the bank.
Model Risk Governance – Setting the firm’s model risk policies and standards as well as ensuring that model risk is managed within the approved tolerance levels.
Model Risk Stewardship – Facilitating responsible development, understanding and use of models and analytics, as well as providing subject matter expertise, advice, guidance, and effective challenge across regions, businesses and functions.
Regulatory Standards and Quality Assurance – Providing expertise and partnering to Senior Management for reviewing and decision making, by developing opinions and interpretations of relevant regulatory changes impacting model risk.
Infrastructure – Providing Global Model Inventory System (GMIS) management, maintenance and user engagement, along with report production and technology enhancements.
