If your organization uses mathematical models to make informed business decisions and estimate risk, you’ll want to check out the Archer Model Risk Management app-pack. This offering helps you establish a sound governance process for managing model inventory. Your organization may require compliance or simply want to document and track model inventory through the model development life cycle.
With the Archer Model Risk Management app-pack, you can:
- 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
- Document validation findings
- Analyze model performance indicators
- Decommission models as needed
The Archer Model Risk Management app-pack was recently updated and certified for the latest version of the Archer platform, Release 6.10. You can now easily manage model certifications by selecting specific models or groups (e.g. business unit, model owner, or business unit owner) and schedule reoccurring model certifications. A simplified workflow allows you to get more done with less effort. The app-pack also includes an improved record layout and dashboard, as well as the ability to easily track a model’s performance and calculate model risk per your organization’s requirements.
Interested in learning more about the Archer Model Risk Management app-pack? Join us for a Free Friday Tech Huddle on June 3 for an overview and live demo. Free Friday Tech Huddles are only available to Archer customers and pre-registration is required. If you are not yet a customer and you are interested in learning more, please contact your local representative or authorized reseller — or visit us at www.archerirm.com.
