Under SR11-7 / OCC 2011-12, AB2013-07, OSFI 23 and other regulatory guidance, independent model validations play a key role in providing assurance that model risk is properly understood and well-managed. Models must be independently validated, and the validations must meet requirements in a wide variety of areas including input data quality, conceptual soundness, process verification, and outcomes analysis. The validation work must be completed to high standards.
Protiviti’s Model Risk team performs model validations for large and small institutions, ranging from the largest global investment banks to midsized commercial banks and Federal Home Loan banks. We have validation models for retail, commercial, trading desk, risk management, and other lines of business.
We consistently receive high ratings from our model validation clients. Clients know they can rely upon the quality of our work, and choose us year after year.
Our Areas of Expertise Include: