Bank’s increasing reliance on analytics and models in decision making leads to an increase in model risk. This can lead to poor business and strategic decision making, financial loss, apart from compliance and reputational risks. Regulatory bodies like BCBS, OCC, the Federal Reserve, PRA are increasing their focus on Model Risk with great emphasis being placed on governance, periodic validation and monitoring as mitigants for model risk. Aptivaa’s Monitro is a platform independent solution for effective model risk management via analytical techniques and reporting.