MRM 2- Agile Model Risk Management: A New Way Forward for Financial Services
Model Risk Management (MRM) is moving up the corporate agenda as reliance on models grows and the scrutiny of management, stakeholders and regulators becomes more intense.
These changes are challenging banks, asset managers and insurers to implement comprehensive MRM, given their time, resource and budget constraints. They need an MRM framework that is provides transparency and auditability, while delivering the flexibility and agility that the business needs.
A significant issues for institutions is finding the optimal solution that meets their requirements. Many will struggle to justify a multi-million investment in MRM. Equally they will find using a spreadsheet to manage MRM inadequate for their needs.
Download our MRM whitepaper to learn:
- The challenges involved in effective MRM
- The advantages of using an MRM solution that is optimized for your business
- The key elements of an optimised of an MRM solution