Model Risk Management (MRM) services for Asset Managers
Leverage cost-effective, makeshift MRM teams to meet clients’ regulatory deadlines in a world of budget cuts
As regulatory scrutiny increases for asset managers, Acuity Knowledge Partners helps build a strong MRM function to minimize the impact of regulatory pressure. Our specialist teams bring deep domain expertise and knowledge of regulatory frameworks to help document complex models and develop model monitoring and testing, helping lines of business focus on value-added tasks while seamlessly achieving regulatory compliance.
Benefits and Impact
Set up large offshore model risk teams at a fraction of onshore costs
Increase regulatory compliance
Build flexible operating models, helping increase staffing during the regulatory submission season
Reduce key person risk for the firm
Provide deep domain knowledge
Optimal utilization of line of business (LOB) seniors’ bandwidth and expertise
Our offerings
LOB Support
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LOB Support
Model documentation
Documentation maintenance and enhancement
Model testing
Ongoing performance monitoring
Liaising with the second line of defense (LOD) during validation
Model issue management and remediation
Validation Support
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Validation Support
End-to-end model validation
Validation documentation
Issue identification and coordination with lines of business for remediation
What we have done
Building a MRM team for the investment management arm of a US Investment Bank
What we are proud of
2x
increase in model risk management (MRM) bandwidth
60%
cost savings achieved
Launched a multi asset MRM team for a US Asset Manager
What we are proud of
60%
cost savings achieved
Fully offshore operation
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