Model Validation
RiskSpan's approach to model validation encompasses a comprehensive review of the modeling process. We maintain a suite of proprietary and commercially licensed models to benchmark client models and provide an independent review of risk management, oversight and internal control practices. We deliver defensible methodologies and audit-ready documentation.
Our approach includes the following steps:
- Methodology Review
- Data Quality Review
- Regulatory Compliance Assessment
- Internal Controls Review
- Statistical Sampling and Assumption Benchmarking
- Code Review and Model Replication