In today’s market, illiquidity for complex financial instruments has seen financial modeling become an integral part of the decision making process for traders, risk managers, and accountants. In addition, with increasing market regulations, validating risk systems and the models they use is vital in demonstrating compliance and in mitigating risk incurred by tools utilised to calculate financial risk.
Quantifi validation services are designed to satisfy both internal and external regulatory compliance, covering model vetting, valuation, performance and regulatory reporting. There are three general components of validation: inputs, processing, and outputs. Understanding these components is essential for any financial institution when demonstrating reliability and consistency of tools. Our validation services give you confidence in knowing that all aspects of your risk system and the financial models being used are functioning correctly and meet your requirements.
Independent Price Verification
Quantifi tools can be used to validate prices generated by proprietary models.
Model Audit
Detailed review and analysis of the current models including all data inputs and assumptions.
Regulatory Reporting
Design and implement a process for generating regulatory reports for meeting market regulations defined by the various FASB and BASEL requirements.
Reconciliation
Automated high-volume comparison and matching of calculations to baseline results.
Performance Testing
Using real or simulated portfolios, validate that financial models and risk system processes provide the speed to meet both intra-day and overnight reporting requirements.
Model Development
Design and implement new proprietary financial models with the existing Quantifi Toolkit to meet your custom requirements.