rt360 Model Risk Management
The rt360 Model Risk Management product helps to manage the life cycle of models used in a bank
Category leader in the RiskTech Quadrant for MRM solutions 2021, in Chartis GRC Solutions 2021
- Federal Reserve’s Regulations Supervision and Regulation Letters 14-3 for Bank Holding Companies (BHCs) and their subsidiaries.
- Financial Accounting Standards Board (FASB) accounting standard (ACU 2016-13) ‘Financial Instruments.
- Comprehensive Capital Analysis and Review (CCAR) United States regulatory framework.
- The Fundamental Review of the Trading Book (FRTB).
- Central Bank of United Arab Emirates (CBUAE) (IFRS 9).
- Basel III International banking regulations.
- SR 11-7 Supervisory Guidance on Model Risk Management.
- Office of the Comptroller of the Currency ((OCC) 2011-12) guidelines on model development and validation process, along with the associated governance, policies, and controls.
- Targeted Review of Internal Models (TRIM).
- International Financial Reporting Standard 9 (IFRS 9).
Key Features
Model Configuration
Allows to configure, customize, manage changes, and track easily without much intervention from bank IT staff
Data Operations
From Data Ingestion, Transformation, Loading and Data Quality
Model Estimations
Different credit risk model parameters such as PD, LGD, EAD and ECL
Model Validation
Includes Quantitative Validation (Discriminatory Power Tests, Calibration, Benchmarking and Stability) and Qualitative Validation
Model Management
Covering model inventory, model issues and management of model under development
Model Workflow / Case Management
Functionality for transparency and ease of audit
Stress Testing and Scenario Analysis
For various parameter level and macroeconomics scenarios
Reporting
Functionality to view and download reports in predefined formats
Benefits
Brochure
rt360 Model Risk Management
Global regulators in recent times have paid an increasing attention to managing risks arising from extensive use of models in decision making.
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Identify credit risks proactively leveraging end-to-end predictive analytics.
rt360 RAROC Calculator
As you focus on credit growth for your bank, capital allocation and pricing is critical to maximizing profitability and driving sustainable growth
rt360 Model Risk Management
Global regulators in recent times have paid an increasing attention to managing risks arising from extensive use of models in decision making.
rt360 Expected Credit Loss
With the introduction of the global International Financial Reporting Standards-9 (IFRS 9) and its equivalent Indian Accounting Standards (IND AS) 109, financial institutions are adopting scientific methods for computing credit losses.
rt360 Asset Liability Management
Growing regulatory mandates by the Bank of International Settlements’ (BIS) demand automated systems for robust asset-liability management.
rt360 is a risk management product suite to manage the entire risk portfolio of banks and financial institutions that includes credit risk, capital allocation, pricing risk, liquidity risk, model risk and operational risk.
rt360 is designed by bankers, risk practitioners and technology specialists with a Business First, Technology Next approach, empowering banks and financial institutions to focus on their credit growth and profitability while managing their risks. The product is fully designed and made in India to address the complexities of the financial sector globally. The suite comprises of five distinct products to manage each of the risk portfolio.
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