MODEL GOVERNANCE SUITE

The one tool you need to govern your model risk management.

ENABLE HIGHLY QUALIFIED PEOPLE TO FOCUS
ON THEIR EXPERTISE DOMAIN

We provide you with a suite of software tools to govern the risk of a much higher number of models without increasing the team size.

Everything right at your fingertips

Thanks to the central model repository, you can find out quickly which models are active, most important, closest to a deadline, or other criteria. You can have model attributes and data, development and validation data, workflows, documentation, and all communication related to a particular model in one place.

Stop data collection, start data interpretation

Make data access a commodity. Simplify data collection, storage, and analysis. Upload data just once, or go even further – don't upload them manually at all. Use the power of ETL processes instead.

Automation and monitoring

By automating various aspects of your model governance process, you can save significant costs and prevent errors caused by monkey work. Define your monitoring strategy to increase your confidence in your model quality. Connect to your existing systems through REST API.

Use Model Governance Suite from day one

Let us help you! We're not only software engineers, but we've also been in the risk management business for more than 10 years. Focus on your business and we will take care of your "workhorse". We set up MGS for you by our standard kick-off procedures.

INVEST YOUR TIME WISELY TO MAKE YOUR MODELS BETTER

Manage a much higher number of models without increasing team size.

Your operational cockpit

Get instant insight into the current state of your entire model portfolio, crucial models, and deadlines. Display predefined dashboards on one click and get an overview of your portfolio.

User role management

Grant access to everybody involved by using and setting various roles. Open your model governance process and let anybody contribute. Get full control of your data security.

Decentralized / distributed 

Access the application via a web browser. It is also optimized for mobile devices. Develop and govern a high number of models with the same number of experts.

Model classification

  1. Define your tiering methodology.

  2. Scan your portfolio automatically and continuously reclassify the risk score of all your models.

  3. Get the maximum from your team by focusing on the validation of the highest risk tier models.

Documentation management

Save time by composing documentation using predefined building blocks. Don't search hundreds of pages of model documentation to find out what has changed in new versions.

Tracking changes

Increase transparency by tracking all changes and activities. Provide information to internal teams as well as for audit purposes. View and visualize the history of all an attribute's changes.

Formalized validation process

Be aware of the status of your model portfolio at any time. Remove any "fuzziness" and always know what step to do next. Connect tasks to your experts and have a constant overview.  Delegate your experts directly and keep all the communication in one searchable place.

Analytical tools you know on your fingertips

Manage, analyze, and develop your models – all from one place. Get the power of R or Python on your side in one click without any need to struggle with data transfer.

Model source code management 

Bring the GitHub style to your model development. Make your model validation more transparent by visualizing differences between model revisions.

Use Model Governance Suite from day one! We set it up for you through our standard kick-off procedures.

CONSULTING SERVICE IN MODEL RISK MANAGEMENT

Let us help you! We've been in the risk management business for more than 10 years. Based on our experience we know how to do things "smart" and how to get you where you want to be. Add new features and let us deliver a personalized solution perfectly fulfilling your requirements and gaining you a competitive advantage.

TAKE A SIMPLE STEP TO GET ORGANIZED AND READY

Build foundation elements or choose a comfortable variant in complete and unique solution for your model risk management.

Essential package

Automation in model risk management

Catalogue of models and validations
Model lifecycle workflows
Data hub
Documentation management
Process automation
Integration into your systems
Automated reporting
Initial setup done by our experts

For more information and package customization please contact our sales team.

WHAT HAPPENS WHEN MODEL RISK MANAGEMENT GOES WRONG?

Reduce the risk connected with model risk management to prevent significant financial losses.

Knight Capital

2012, $440 million loss

A "significant error" in the computer code for one of its investment models. [CNN, 2012]

JPMorgan Chase

2012, $6.2 billion loss

"The role of Model Risk in this scandal [...] is important in that at least part of the impetus to take huge positions was due to incorrect risk modeling." [McConnell, 2013]

AXA Rosenberg

2009, $217 Million loss

Undetected error in model source code. 
[U.S. Securities and Exchange Commission, 2011]

LET'S SEE WHAT MGS CAN DO FOR YOU!

Please contact us directly, or fill in the form and we will contact you.