Model Risk Management and Governance


In the closely scrutinized field of modeling, FI Consulting excels at helping our clients demonstrate the highest standards of model governance, risk management, and quality to regulators, auditors and management.

Beyond compliance, we help clients improve performance by establishing and continuously improving on their ability to deploy their best models and tap into the rich sources of data spread across their enterprises.

Since 2002, FI Consulting’s clients in the private and government sectors have called on us to address complex and high stakes modeling challenges with services that span our core strengths in data, analytics, modeling, and technology.

 

How We Help

We take pride in our ability to deliver high impact and practical solutions that stand up to examination by our clients’ toughest stakeholders.
Our services include:
  • Model documentation
  • Independent model validation
  • Benchmark and challenger model development
  • Model Risk Manager
  • Model risk management system implementation
  • Model governance program design and implementation

 

Case Studies

Measuring SBLF’s Impact Using Advanced Statistical Tools

FI Consulting helped the US Department of the Treasury quantify the policy impact of the Small Business Lending Fund (SBLF) program and demonstrate their role in increasing...

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FI Provides Insight into a Large Financial Institution’s Distressed Asset…

FI creates highly efficient processes that renewed confidence in the large financial institution’s NPL, RPL, and REO valuations. Client: Large Financial Institution Challenge: Our client needed technical...

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FI Helps U.S. Department of the Treasury Troubled Asset Relief…

FI Consulting’s work was integral to the UST obtaining ongoing clean audit opinions, with no material weaknesses. Client: U.S. Department of the Treasury (UST) Challenge: The...

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Making SBA’s Model Validation Process Auditable

The automated Credit Subsidy Model Validation Process saves 50 labor hours per review cycle, reduces the risk of error, and provides an automated audit trail....

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Accessible Business Intelligence Solution for OFR and FSOC

By quickening the delivery of private fund analysis and reporting, OFR is positioned to help reduce systemic financial risk and provide advanced notification to regulatory...

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Improving a Large Financial Institution’s Risk Rating Model to Thoroughly…

The re-designed model provided a specific method for assigning a risk category to all MF loans and credit guarantees. Client: Large Financial Institution Challenge: A financial...

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Model Provides New Insight Into SBA’s Portfolio Performance

The new model transformed SBA’s program cost estimates and provided new insight into the drivers of portfolio performance Client: U.S. Small Business Administration (SBA) Challenge: The...

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Decreasing Process Complexity While Increasing Transparency

The new strategic planning model reduced process complexity and increased transparency. Client: Purolator Courier Challenge: Purolator Courier, Ltd. is Canada’s largest courier company and delivers manufactured...

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USDA RD Earns an Unqualified Financial Statement Audit Opinion

USDA RD earned an unqualified financial statement audit opinion as a direct result of FI Consulting’s credit subsidy reestimate work. Client: U.S. Department of Agriculture...

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FI Models USDA’s Biorefinery Guarantee Program

FI’s work helped USDA put its new advanced biorefinery guarantee program into operation. Client: U.S. Department of Agriculture (USDA) Challenge: The 2008 farm bill created a...

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Helping USDA Better Gauge the Impact of New Policies

By implementing advanced analytical techniques, USDA Rural Development (RD) can quantify the key drivers of risk in its portfolio, estimate risks and subsidy costs at...

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Technologies

MRM

Model Risk Manager Fact Sheet

Increased governance requirements and closer scrutiny of model lifecycles have pushed financial institutions to seek greater visibility into model risk – and to demonstrate that they are making…

Click here to download
our Model Risk Manager Fact Sheet

 

 

Transponder Tool

FI’s Model Risk Transponder Tool allows financial institutions to easily track model runs…

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