CLOSEIT BLOG

In the heart of amazing software development, in the city Brno, we launched a blog to share our thoughts.

Automated risk model operations at scale

The MRM methodology is relatively well-defined, including the concept of model monitoring for particular model types. But how can we take these mostly manual procedures and deploy them at scale for the entire portfolio?

Should we register our CRO's napkin?

End User Computing (EUC) items exist in every bigger organization and are a potential source of headaches and significant loses. So, what are EUCs and how do we save ourselves this trouble? Here’s my point of view based on our recent case.

Starting AWS SAM folder structure (NodeJS)

When I started putting together my first AWS SAM project, I was confused with the project structure - as always, when I’m starting new project with new technology. You can easily make a bloated project where code is duplicated in each lambda function.

How To Avoid Drowning in the Ocean of Model Risk Management

Model governance regulators are moving their focus closer and closer to the qualitative elements of a model – the model governance process. Unfortunately, the regulator also often asks the bank to explain their internal risk mitigation process without the providing the specific guidelines necessary to match the model to the bank’s methodology.

The Automation of Model Governance

Automation often represents the process of simulating human activity using computers or machines. It is a current discussion topic in many fields, and model governance is no exception. Our team has successfully implemented several process automations, including automation within the field of model risk governance.