Model Risk Management support- audit, validation, inventory

Model Risk Management

Overview

Acuity Knowledge Partners collaborates with investment managers and investment banks to work as extensions of their Model Risk Management (MRM) functions. Our team has in-depth experience in working across the two lines of defense of MRM, namely development and validation, and a strong sense of the perspective required in each line towards a model. Our quants analysts have good knowledge across model development, validation, documentation and regulatory frameworks (CCAR, DFAST, SR 11-7), apart from their quant skills.

We differentiate ourselves by our high-quality talent pool with multi-asset-class experience; bespoke, smart and contextual technology-enabled solutions; and one-stop-shop MRM solutions supported by a multidisciplinary centre-of-excellence model. Our specialist teams bring deep domain expertise and knowledge of regulatory frameworks to help document complex models and develop model monitoring and testing, helping lines of business focus on value-added tasks while seamlessly achieving regulatory compliance.

Support We Offer in Model Risk Management

How we are different

Offers one-stop-shop model risk management solutions supported by a multidisciplinary Centre-of-Excellence model (risk management, quants, technology, asset management, credit and financial reporting)

Able to attract and retain a best-in-class MRM talent pool with multi-asset-class experience (credit, equity, structured finance, economics, derivatives, and real and alternative assets)

Staff resources with experience in working with varied lines of business and qualified to give deep business context to the models being validated

Builds tailored solutions to cater to all needs of MRM teams – from short-term deadline-oriented projects to long-term strategic staffing

Uses bespoke, smart and contextual technology-enabled solutions to ensure process excellence

Offers EUCT governance supported by expert technology

What we have done

Building a MRM team for the investment management arm of a US Investment Bank
What we are proud of

2x

increase in model risk management (MRM) bandwidth

60%

cost savings achieved

Launched a multi asset MRM team for a US Asset Manager
What we are proud of

60%

cost savings achieved

Fully offshore operation

Our perspective on Model Risk Management
Can SOFR be more than just LIBOR 2.0? Blog
Can SOFR be more than just LIBOR 2.0?

The SOFR will replace th..... Read More

LIBOR benchmark fallback provisions Blog
LIBOR benchmark fallback provisions

The UK Financial Conduct..... Read More

Meet our experts

Stevi Joseph

Associate Director, Portfolio Analytics

Stevi heads the Portfolio Research and Operations (PRO) practice, and manages teams working with investment. He has over 12 years of experience in the investment management industry across portfolio analytics, manager research, investment reporting and data management. He holds an MSc in Physics.

Stevi Joseph
Stevi Joseph

Associate Director, Portfolio Analytics

Sriram Kovil

Associate Director, Quantitative Services

Sriram leads the Mathematical Modelling sub-group under the Specialised Solutions practice at Acuity Knowledge Partners. He primarily works with banks and asset managers, providing support for derivatives pricing/valuation, model research/enhancements, financial market risk analysis, model risk management and model validation. He has over 11 years of experience across service lines, including risk analytics, model validation, data analytics, statistical modelling and software development. Sriram holds a master’s degree in Operations Research from Columbia University, with a specialisation in Financial Engineering

Sriram Kovil
Sriram Kovil

Associate Director, Quantitative Services

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