on 2018-05-0709:26 PM - edited on 2023-07-2801:06 PM by ChristineTran
Financial services and insurance organizations use mathematical models to inform business decisions and estimate risk. Because these models can have a material impact on an organization's business strategies and financial statements, it is imperative that the models are accurate at all times.
The Archer Model Risk Management app-pack provides an automated governance process to document and manage changes to the organization’s model and model inventory. This app-pack captures model inventory and model documentation; tracks changes, validations, and approvals; and formally certifies model completeness. Archer Model Risk Management helps the organization document and manage findings, analyze performance, and decommission models as needed.
With Archer, organizations can establish a consistent process for the entire model risk lifecycle, reducing financial impacts from outdated information and improving model health and visibility.
Consistent and repeatable process for documenting, validating, and managing changes to models
Reduce unauthorized changes to the model
Reduce likelihood of outdated information in a model
Reduce financial penalties, financial losses, or unforeseen risks due to model inaccuracies or insufficient testing
Improve visibility into the health and status of the model inventory
Archer Model Risk Management enables organizations to:
Document model inventory and model documentation
Track changes to models and model inventory
Track model validation and approvals
Formally certify a complete, up-to-date model inventory
The Archer Model Risk Management App-Pack is an offering provided through the Archer Exchange to help you manage your Archer use cases. To learn more about the Archer Exchange, please visit the Archer Exchange on the Archer Community.
For Additional Support
To learn more about this offering, please contact your Account Rep for additional details. For technical support questions regarding this offering, please open a support case.