How do you make your financial models reliable, accurate and compliant with regulatory standards? The answer lies in an effective model governance framework.
Financial institutions like yours are expected to implement an appropriate governance program that includes independent audit and testing, model documentation and standards change management. Additionally, it is essential to maintain an inventory of all your models to ensure that third party vendors are compliant. A key component of model governance is model validation – helping you ensure your models are functioning as intended, meeting regulatory requirements and aligning with business goals.
Baker Tilly is here to help you take control of your model governance program and understand all aspects of implementing a streamlined process. Join our webinar on April 22 as we cover the fundamentals of model governance—from regulatory compliance to best practices—allowing your bank to manage and ensure your models are operating effectively.
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