modellrisikokomité

A modellrisikokomité, or model risk committee, is a dedicated group within an organization responsible for overseeing and managing model risk. This committee typically comprises individuals from various departments, including risk management, quantitative analysis, IT, and business lines that rely on models. The primary objective of a modellrisikokomité is to ensure that models used by the organization are fit for purpose, reliable, and do not pose undue risks.

The committee establishes policies and procedures for model development, validation, implementation, and ongoing monitoring. It defines standards for model documentation, testing, and performance assessment. A key function is the review and approval of new models, as well as significant changes to existing ones. The committee also plays a crucial role in identifying potential model limitations and ensuring that these are understood and managed.

Through regular meetings, the modellrisikokomité discusses model performance, emerging risks, and regulatory requirements. It promotes a culture of strong governance around model usage and encourages collaboration among stakeholders to address any identified issues. The committee's work contributes to the overall robustness of an organization's risk management framework and helps prevent financial losses or reputational damage stemming from model inaccuracies or misuse.