Model Risk Management

Experience

Reliable models are essential to streamline financial reporting, ensure compliance, and foster proactive strategic decision making based on dependable data. But as regulatory requirements increase and technology advances, it can be difficult to guarantee the accuracy of your models. Through comprehensive evaluation, testing, and validation, Wolf provides in-depth analysis and guidance to create a robust model risk management program tailored to your unique objectives.

Leveraging our internal audit, information technology, and data analytics expertise, our team will examine your model risk framework to ensure your inventory, risk assessments, and program align with industry best practices. By thoroughly testing your models, we’ll expose any gaps and identify opportunities for improvement to increase resiliency and avoid risks such as technical glitches, calibration inaccuracies, and manual input errors. Additionally, our model validation procedures verify the accuracy and completion of data inputs, ensure the effective generation of intended outputs, and monitor model performance over time.

Clients We Serve

Expertise

  • Model Risk Management Review
  • Model Validations
    • Allowance for Loan and Lease Loss (ALLL) & Current Excepted Credit Loss (CECL)
    • Asset Liability Management
    • Bank Secrecy Act (BSA) & Anti-Money Laundering (AML)
    • Capital Stress Testing
    • Loan Origination
    • Security Information and Event Management (SIEM)
  • Third-Party Attestation Report

Meredith F. Piotti

Principal

[email protected]

(617) 933-3353