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Model Risk

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Is Wall Street’s Favorite Recession Indicator Striking Out?
Is Wall Street’s Favorite Recession Indicator Striking Out?
There was a time when batting average was a baseball stat that meant something. Now it’s all WAR, OPS, wOBA,…
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Why Predicting Climate Impact Is a Daunting Task for Banks
Why Predicting Climate Impact Is a Daunting Task for Banks
Last week, we discussed how weather-related events are affecting the insurance market—and the impact for banks. That’s among several significant…
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  • Growth & Innovation, Risk
How NPV Helps in Choosing the Best Workout Option for a Distressed Loan
How NPV Helps in Choosing the Best Workout Option for a Distressed Loan
In 10 years at a mid-sized community bank, Willie Malone worked his way up from underwriter to relationship manager. Over…
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  • Compliance & Regulation, Fraud, Risk
Generative AI: Balancing Potential and Pitfalls
Generative AI: Balancing Potential and Pitfalls
Artificial intelligence is evolving fast, and one particular aspect has captured the imagination of industry leaders and innovators alike: generative…
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  • Compliance & Regulation, Fraud, Risk
AI’s Explainability Problem Explained
AI’s Explainability Problem Explained
By now, you’ve likely tried out some form of generative AI. Maybe it’s become a part of your daily routine….
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  • Compliance & Regulation, Risk, Talent & Workforce
Explainability Challenges Are a Growing Concern for Bank Governance of AI
Explainability Challenges Are a Growing Concern for Bank Governance of AI
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  • Compliance & Regulation, Risk
The Search for Effective Fair Lending Models 
The Search for Effective Fair Lending Models 
In the complex space of fair lending, the quest to ensure a level playing field can be a challenge. Banks…
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  • Compliance & Regulation, Risk
How To Identify Less Discriminatory Lending Alternatives and Why the Search Matters
How To Identify Less Discriminatory Lending Alternatives and Why the Search Matters
A new generation of machine learning tools is available to help lenders build fair lending models. While fairness in lending…
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  • Compliance & Regulation, Economy & Markets, Fraud, Growth & Innovation, Risk, Talent & Workforce
RMA’s Annual Conference: Practical Ideas for Unusual Times
RMA’s Annual Conference: Practical Ideas for Unusual Times
RMA’s virtual Annual Risk Management Conference takes place November 13-16. Over four days, the conference will address immediate pressures including…
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  • Compliance & Regulation, Growth & Innovation, Risk
Five Steps To Improve Your Model Risk Management
Five Steps To Improve Your Model Risk Management
The OCC’s current supervision priorities make clear that model risk management is a key area of focus. Whether it’s asset…
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Voices in Risk Management – Kiyomi Carbone
Voices in Risk Management – Kiyomi Carbone
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With Increased Bank Usage of AI/ML Models, Risks Arise
With Increased Bank Usage of AI/ML Models, Risks Arise
Seventy-three percent of banks report using artificial intelligence or machine learning models and tools, according to a new RMA survey…
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Highlights and Analysis from RMA’s Second Model Risk Management Survey
Highlights and Analysis from RMA’s Second Model Risk Management Survey
An RMA survey report out this summer details the current state of model risk management, from the typical ratio of…
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The Risk Management Association Survey of Model Risk Management Executive Summary
The Risk Management Association Survey of Model Risk Management Executive Summary
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  • Fraud, Risk
The Challenges of Model Risk Management Oversight of Cybersecurity
The Challenges of Model Risk Management Oversight of Cybersecurity
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  • Compliance & Regulation, Risk
Regulators Update Third-Party Risk Guidance
Regulators Update Third-Party Risk Guidance
The guidance, which replaces all previous recommendations from the agencies, covers all stages in third-party relationships: planning, due diligence, selection,…
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Economic Extremes Are Putting the Spotlight on Model Overlays: Here’s A Primer
Economic Extremes Are Putting the Spotlight on Model Overlays: Here’s A Primer
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Efficient Model Lifecycle Management
Efficient Model Lifecycle Management
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  • Growth & Innovation, Risk
Modeling a Path to CECL for Community Banks
Modeling a Path to CECL for Community Banks
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New RMA Model Risk Survey to Examine Third-Party Transparency, Model Definitions, and More
New RMA Model Risk Survey to Examine Third-Party Transparency, Model Definitions, and More
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Model Risk Framework for Medium-Size and Small Banks
Model Risk Framework for Medium-Size and Small Banks
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Efficient Model Lifecycle Management
Efficient Model Lifecycle Management
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Model Risk: Talent and Cost Rank Top of the List
Model Risk: Talent and Cost Rank Top of the List
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  • Compliance & Regulation, Growth & Innovation, Risk
The Path to CECL for Community Banks
The Path to CECL for Community Banks
From credit risk analysts to modelers, the credit oversight functions at community banks under $1 billion in assets are working…
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Model Risk: Follow the Way Fraud Models Scale
Model Risk: Follow the Way Fraud Models Scale
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Voices in Risk Management: An Interview with Liming Brotcke of Ally Financial
Voices in Risk Management: An Interview with Liming Brotcke of Ally Financial
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A Preview: 2022 Model Risk Management Survey Results
A Preview: 2022 Model Risk Management Survey Results
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Voices in Risk Management
Voices in Risk Management
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Imagining the Future of Work (Part I of II)
Imagining the Future of Work (Part I of II)
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Milestone in the Development of Modern Financial Models
Milestone in the Development of Modern Financial Models
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Modeling the Future: RMA Survey of Model Risk Management, Vendor Model Validation, and Third-Party Model Risk Management
Modeling the Future: RMA Survey of Model Risk Management, Vendor Model Validation, and Third-Party Model Risk Management
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Qualitative Models
Qualitative Models
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RMA Model Risk Management White Paper Provides Critical Market Intelligence
RMA Model Risk Management White Paper Provides Critical Market Intelligence
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  • Growth & Innovation, Risk
The RMA Model Risk Framework for Medium-Size and Small Banks
The RMA Model Risk Framework for Medium-Size and Small Banks
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  • Compliance & Regulation, Risk
How Small Banks May Avoid BSA AML Validation Setbacks
How Small Banks May Avoid BSA AML Validation Setbacks
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Model Behavior: The Keys to Leveraging AI and ML in Banking
Model Behavior: The Keys to Leveraging AI and ML in Banking
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Documentation and Model Deficiency are Top Concerns
Documentation and Model Deficiency are Top Concerns
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  • Risk, Talent & Workforce
Considerations for Financial Institutions Transitioning to Over $10 Billion in Assets
Considerations for Financial Institutions Transitioning to Over $10 Billion in Assets
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Women in Model Risk Management
Women in Model Risk Management
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Assessing the Pandemic’s Damage to Commercial Lessors
Assessing the Pandemic’s Damage to Commercial Lessors
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  • Compliance & Regulation, Risk
Model Risk Management Updates for 2022
Model Risk Management Updates for 2022
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Is Your Model Risk Rating Source Agnostic?
Is Your Model Risk Rating Source Agnostic?
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Cost Is the Biggest Challenge to Validate Vendor Models
Cost Is the Biggest Challenge to Validate Vendor Models
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  • Fraud, Risk
Model Risk Management of Artificial Intelligence and Machine Learning Applications
Model Risk Management of Artificial Intelligence and Machine Learning Applications
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Model Risk: How to Cope with the Volatility of Loss Estimates
Model Risk: How to Cope with the Volatility of Loss Estimates
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The Challenges of Model Risk Management: Standard Initial Margin Model (SIMM)
The Challenges of Model Risk Management: Standard Initial Margin Model (SIMM)
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Market Risk Modeling
Market Risk Modeling
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The Impact of Data-Based Models on Financial Markets
The Impact of Data-Based Models on Financial Markets
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Navigating the Continuous Industry and Regulatory Expectations on Model Risk
Navigating the Continuous Industry and Regulatory Expectations on Model Risk
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RMA Creates Model for Managing Emerging Risk
RMA Creates Model for Managing Emerging Risk
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