Model Risk Management with SAS

Chapter 3: Model Onboarding

Model Candidate Assessment

Model Assessment

Demo 3.1: Viewing the Model Candidate Assessment

Non-Model (Tools) Assessment

Demo 3.2: Viewing the Non-Model (Tools)

Model Inventory

Demo 3.3: Viewing the Model Inventory

Model Data Sources

Model Variables

Model Candidate Assessment

Before a model development candidate can be entered into the model inventory, typically the candidate must be assessed by the model risk management group (MRMG) to ensure that it meets organizational or regulatory criteria for a model.

The best practices outlined below were informed by implementing SAS Model Risk Management and interactions with practitioners at various US banks. Business managers in a bank use different computational tools ...