Model Risk Management Application

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Why Risk Cloud?

Risk Cloud® is a no-code risk and compliance platform that scales and adapts to your changing business needs and regulatory requirements. It centralizes and streamlines your model risk management and governance processes to ensure accurate and appropriate use of financial models across your organization.

Streamline Model Risk Management Process

Using inaccurate financial models to make business decisions can have an adverse effect on your organization. Risk Cloud's Model Risk Management Application helps you mitigate model risk by documenting every model in one platform, automating model review processes, and tracking and remediating model findings as needed.

Centralize Model Information in One Platform

Improve your model risk management process by centrally documenting and maintaining financial models in Risk Cloud. You’ll have everything you need to help you: 

  • Improve visibility into the models used across your organization.
  • Maintain a standardized repository of model information, ensuring the same critical information is captured across all models, including the purpose, limitations, and type of model; and other details required by your organization.
  • Perform validations on your organization's preferred cadence to ensure model accuracy and reliability, then create and assign change requests as model documentation, methodology, and assumptions change.
Centralize Model Information in One Platform
Standardize the Model Assessment Process

Standardize the Model Assessment Process

Develop, document, and validate models in a consistent and standardized way and align your stakeholders to a repeatable model risk management process that prioritizes validations and remediations based on model tier, or impact to the business. This ensures every active model in Risk Cloud is assigned the appropriate tier classification and regularly reviewed for accuracy.

Quickly Mitigate Model Validation Findings

Quickly take action on model validation findings by documenting related weaknesses and remediation plans, owners, and progress in one platform. The application allows for tracking of changes made to an existing model, so you can ensure all stakeholders have access to the most accurate and up-to-date model available at all times. You can implement remediation plans as quickly and efficiently as possible to reduce associated risks.

Quickly Mitigate Model Validation Findings
Monitor Model Accuracy and Risk With Pre-Built Reports

Monitor Model Accuracy and Risk With Pre-Built Reports

Pre-configured dashboards and reports help your organization quickly analyze the status and results of model evaluations. Easily capture and report data like complete model validations, change requests, findings, and more to ensure model accuracy and effectively inform strategic business decisions.

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