The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital models, Anti Money Laundering (AML) and other key risk/financial models. […]
For the model being validated, review the methodology implemented for reasonableness and applicability, analyze the quality of the model's input data, assess soundness of model methodology, review the architecture of the software application implementing the model, perform quantitative tests and qualitative assessments...