Model Risk Management Solutions
Adrianica Analytics specializes in model risk management for the financial industry using AI technology and a plethora of experience.
Our services include model development, validation, documentation, monitoring, and consultancy for MRM.
All resources are US based, and your data is secured on US servers and is deleted after each engagement.
Model Validation Solutions
Validation Services Offered
We provide customized and specific model validation solutions. Whether it is wholly or partially outsourced to us, we are flexible and will work with you and your MRM team/model owners to provide a comprehensive model validation.
Validation Templates and Scope
We provide our own validation template but have no problems using your own template. We can provide a branded final report or use the Bank’s branding.
As part of the RFP process, we will provide to you a comprehensive scoping document which will lay out in detail all of the testing, reviews and analysis along with the expected timeline.
Our Validation Approach
We approach model validations not as a compliance check the box exercise but a genuine way to provide assurance and security that the model we are reviewing meets not only its intended business purpose but also your expectations. Our reports explain everything in as simple of terms as possible while providing assurances that the model is performing as intended.
Our approach is comprehensive and thorough. We will never leave a report with an open-ended question such as, why did they not test that? Or why did they not look or review this?
We provide weekly status updates and when we find potential findings or recommendations, we bring these to you ASAP.
You can be confident that by selecting Adrianica that we will provide you with a well written, comprehensive report which includes all of the necessary testing and review but also provides the necessary information, testing and assurances that your model is working as intended.
Sample Reports
We are happy to provide you with a redacted sample report, templates and examples of past work upon request.
Vast Knowledge and Experience with Third Party Models
Models we have validated in the past and have direct expereince with include the following:
Asset Liability Management- QRM, PolyPaths, Bancware, Empyrean, CompassPoint
Prepayment- ADCO, Black Knight
Credit Risk- Fair Issac Custom and Off the Shelf Scorecards including those produced from the credit bureaus and other vendors, Moody’s CreditEdge, RiskCalc and MPA.
Fraud- FICO Falcon, Actimize, Verafin
BSA/AML- Actimize, Abrigo, AML Insight, Bancware, Verafin
Valuation and Pricing- PolyPaths, CompassPoint
Don’t see your model listed here? Don’t worry! Send us an inquiry and we will let you know our relevant experience and past clients.
Other MRM Solutions
Model Documentation
Beyond Model Validation, we also offer comprehensive model documentation services using our own internal documentation template or your own. We will work fully with you and your model team to produce a comprehensive and easy to read model document which will not only fulfill the requirements of the Supervisory Guidance on Model Risk Management, but also provide complete information so that someone new to the operation or understanding of the model will have all of the necessary information within that document to both understand and operate the model with no outside assistance.
Model Monitoring
We also design comprehensive model monitoring frameworks for all model types. We have also ran the monitoring for several institutions in the past on a regular and consistent basis according to the Bank’s risk profile and needs.
MRM Audits
Part of our MRM work, we have performed comprehensive MRM audits in the past reviewing all aspects of an institutions MRM framework. We dive in deep examining everything not just for compliance but also for rigor and ability of the various MRM functions to mitigate the Bank’s risk appetite. Unlike other audit firms, we have the technical expertise to fully comprehend and analyze model validations, documentation, monitoring and testing for accuracy and efficacy.
Model/Tool Identification
Just crossed the $10 bil in total assets and need to build out a model inventory? Or just want to know how complete your inventory is? Then ask us! We have done several comprehensive institution wide searches with the aim of providing you a complete and comprehensive model inventory.
Policy, Procedures, Forms and Templates
Need an MRM Policy, a specific procedure for model validation, a model determination form or a model documentation template? Then ask us! We have provided all of these to a variety of different institutions and will work with you to find a comprehensive solution which meets your specific needs and requirements.