Vantage’s Model Validations product offering includes all three components of the FRB’s SR 11-7 Guidance on Model Risk Management – Evaluation of Conceptual Soundness, Ongoing Monitoring including Process Verification, and Outcomes Analysis. We also conduct a Governance and Controls review of the model.
Our Model Review product offering includes the Evaluation of Conceptual Soundness, Ongoing Monitoring and Process Verification, as well as a Governance and Controls review of the model.
Vantage’s data validation offering includes only the Ongoing Monitoring and Process Verification, along with a Governance and Controls review of the model.
Due to the number of thresholds and parameters used in a TMS and Filtering Systems, BSA and OFAC Calibrations are one of the most complex and important parts of managing an AML Model. The Vantage team are experts in ensuring various thresholds, filters, and parameters work together.