TRIM

Overview

Targeted Review of Internal Models Approach

Using Targeted Review of Internal Models, Auronova is capable of reviewing your most critical and material internal models for credit risk, market risk and counterparty credit risk.

The TRIM model associates the findings of gap analysis according to its framework and prioritizes them into 3 levels, and analyzes the model governance process of your organization. Our solutions are closely inclined with the objectives of TRIM, which include ensuring capital adequacy across multiple portfolios and improving the credibility of your organization's Risk-Weighted Assets.

The TRIM model associates the findings of gap analysis according to its framework and prioritizes them into 3 levels, and analyzes the model governance process of your organization. Our solutions are closely inclined with the objectives of TRIM, which include ensuring capital adequacy across multiple portfolios and improving the credibility of your organization's Risk-Weighted Assets.

Offerings

Our Offerings towards TRIM

Model Risk Management

TRIM recommends that organizations should establish a model risk management framework that would help them assess and control the inherent risk of their risk assessment models and present findings according to the TRIM guidelines. It also suggests furnishing a register for their internal models which should be documented according to their guidelines regarding

  • Listing the objectives, assumptions used and the shortcomings for the risk models
  • Data Quality checks
  • Model Development process
  • Model Outcome Analysis
  • Documentation

Model Risk Management

TRIM recommends that organizations should establish a model risk management framework that would help them assess and control the inherent risk of their risk assessment models and present findings according to the TRIM guidelines. It also suggests furnishing a register for their internal models which should be documented according to their guidelines regarding

  • Listing the objectives, assumptions used and the shortcomings for the risk models
  • Data Quality checks
  • Model Development process
  • Model Outcome Analysis
  • Documentation

Model Validation and Refinement

With the objective of reviewing models for especially the low-default portfolios, TRIM also addresses the need for an extensive validation framework with a country and model-independent approach, as well as a comprehensive back-testing approach for error estimation.

Auronova’s immense experience in the sector would enable your organization to have a deeper insight into each aspect of the model risk management process and ensure that you are on track with the regulatory requirements.

Auronova’s immense experience in the sector would enable your organization to have a deeper insight into each aspect of the model risk management process and ensure that you are on track with the regulatory requirements.

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