Compete and win with better model risk management

As organizations rely more heavily on models to support and automate decisioning, the business risks associated with poorly managed models increase. As explored in this paper, models can degrade over time, and sound model risk management (MRM) is the key to managing this risk. This paper will demonstrate why MRM is essential, explore MRM lessons of early adopter financial firms and their relevance across industries, and explore how you can adopt advanced MRM practices to mitigate and manage model risk.