MNEMENTH ANALYTICS
Financial Services - Lancaster, Pennsylvania, United States
MNEMENTH ANALYTICS Employees
MNEMENTH ANALYTICS Details
Statistical Consulting Services• Development of methodological approaches and design of modeling frameworks• Documentation of model methodology, supporting analyses, developmental evidence, and presentation materials• Statistical programming (data analysis, model development, production code development)• Model development and model validation program design, policy development, implementation, and staffing• Design and implementation of risk reporting, ongoing performance management, and production codeModel Development Services• Delivery through a highly structured 9 phase development process designed to provide development evidence, governance, challenge, and audit trail:- Scoping and Planning- Data Assessment- Preliminary Data Analysis- Model Design and Challenge- Model Development- Model Performance- Model Use and Maintenance- Model Validation- Transition to Production• Approach emphasizes interaction with model stakeholders, challenge and oversight by subject matter experts, understanding of the underlying process being modeled, and high-quality documentation• Emphasis on parsimonious model specifications, concurrent development of approaches that employ differing assumptions or methodologies, and clear communication throughout the development processModel Validation Services• Complete validation services consistent with the Federal Reserve Bank's Supervisory Letter SR 11-7 on model validation• Process focus on model conceptual soundness, ongoing monitoring of model performance and comparison with benchmark models, and outcomes analysis• Reporting of key findings with recommendations for identified issue severityRisk Consulting Services• Assessment and or development of- Model development program- Model validation program- Stress testing program• Remediation of model issues, program deficiencies, and audit/regulatory findings
