Model Governance and Monitoring – M²

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Model Governance and Monitoring - M²

In today’s environment, with models increasingly driving most decisions, managing Model Risk is critical to drive predictability in earnings and build trust with regulators. Our research suggests most institutions face the following challenges to build effective Model Risk Management practices.

Challenges

1

Complex eco system, with multiple model life cycle events, products, regions & functions

2

Several data silos & platforms capturing model related information
 

3

Lack of visibility, clarity of responsibilities and communication among stakeholders

4

Model monitoring resource intensive making it less frequent or ad-hoc
 

5

Long lead times to respond to evolving regulatory requests
 
 

To address these challenges, BRIDGEi2i, has developed M² a flexible, end to end, Model Governance and Monitoring solution. M² provides complete control and visibility over model performance and health with in-depth monitoring metrics for evaluation. M² effectively incorporates governance work-flows to manage models across its entire lifecycle from development to retirement.

Model Risk Management Lifecycle

Model governance and Monitoring

Features

Governance
Mechanism

Customizable governance workflow across model lifecycle with role based access controls, updated documentation, interactive review and alerts.

Model Inventory Management

Enterprise wide inventory of models with interactive reporting based on model ownership, functions, departments, importance etc.

Model Performance Tracking

Customizable model dashboards to periodically track performance on various qualitative & quantitative parameters with insightful visualizations.

Compliance &
Performance Reporting

Standard and customizable reports generated periodically and on-demand to MS-Office compatible formats.



Benefits

1

Facilitate Model Governance proactively in a complex business environment

2

Single platform with enterprise wide visibility and ability to manage model risk

3

Resource efficient, timely & proactive assessment of model performance
 

4

Auditability, transparency & flexibility to meet regulatory requirements
 


Resources




M² Video Playlist



 


 

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