Model Risk Management Solutions
Acuity Knowledge Partners believes that MRM is not just a risk-mitigation function, but also a substantial opportunity for direct value addition. Meticulous model validation enables significant advances in the development and implementation of sophisticated and relevant models that improve real-world business decision making. Our subject-matter experts (SMEs) work in close collaboration with client teams to design, implement and monitor best practices across model testing, documentation and governance functions in accordance with regulatory requirements such as CCAR, DFAST and SR 11-7.
We proudly differentiate our model risk management solutions by our multi-asset capital markets expertise, which enables us to critically evaluate and elevate highly specific and complex models (such as those for derivatives and securitised products) from a conceptual perspective, beyond the pure statistical lens. Therefore, we are a partner of choice across both the lines of defence, namely development and model validation.
Who we serve
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Asset Managers
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Private Wealth Management Services
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Corporate and Investment Banks
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Commercial and Regional Banks
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Hedge Funds
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Insurance and other fund houses
Support We Offer in Model Risk Management
Model testing and development/enhancement
Model documentation
Ongoing performance monitoring
Review, remediation and response to KRAs
Liaising with the second level of defence during model validation/audit
End-to-end model validation: model data testing, assessment of a model’s conceptual soundness, statistical specifications and implementation verification
Validation documentation
Liaising with the first level of defence/model owners/LoBs to identify issues and implement remediation
Credit risk models
Market risk models
Fraud risk models
Internal scorecard models
Operation risk models
Support We Offer in Model Risk Management
Model testing and development/enhancement
Model documentation
Ongoing performance monitoring
Review, remediation and response to KRAs
Liaising with the second level of defence during model validation/audit
End-to-end model validation: model data testing, assessment of a model’s conceptual soundness, statistical specifications and implementation verification
Validation documentation
Liaising with the first level of defence/model owners/LoBs to identify issues and implement remediation
Credit risk models
Market risk models
Fraud risk models
Internal scorecard models
Operation risk models
Customer Testimonials
Acuity analysts have been fantastic to work with; they are insightful and sharp, communication is great, and we have high confidence in the work that we see from them – VP, Model and Enterprise Risk.
US-based bank holding company
I enjoy working with the Acuity team and value the work done. Acuity has been able to work independently so far and that's an important aspect of the engagement. From what I have seen, the team is easy to work with, well structured and flexible and has a good collaborative attitude – VP, Model and Enterprise Risk.
US-based bank holding company
The team has been wonderful to work with. They are eager to learn, deliver on time and partner very well with model owners – MD and Head of Risk and Controls.
US-based asset manager
Acuity's role in delivering validations with quantitatively complex models within tight deadlines is appreciated; their contributions have been critical to meeting regulatory expectations. The team’s ability to learn fast and effectively helped to extend their contribution to other projects as well – VP, Model Risk Management.
US-based multinational investment bank and financial services company
How we are different
One stop shop
Rooted in financial domain
Tech savvy
Extensive experience
What we have done
Model validation support to a US-based credit union
What we are proud of
2.5X
increase in vendor model testing
50%
cost saving for the MRM programme
Specialised MRM support to a regional US bank
What we are proud of
40%
reduction in annual costs
100%
of the model submissions met the regulatory deadlines
End-to-end MRM support to a US-based top investment bank
What we are proud of
2x
model coverage for MRM
60%
lower cost vs hiring directly
Our Perspective on Model Risk Management
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