The document discusses the importance of effective model risk management, emphasizing that it is essential for both regulatory compliance and smart business practice. It highlights the challenges of resource allocation and resistance from innovative employees, proposing that technology can automate many manual processes to reduce costs and risks. The document showcases CIMCON's software solutions that help manage model inventories, automate risk assessment, and improve compliance, illustrating its successful implementation within a European energy trading company.

2. IMPROVE MODEL GOVERNANCE AND LOWER MODEL RISK
 The requirement for proper model risk management can be a government mandate or driven by principles-based regulatory
guidance, or perhaps there is no external regulatory oversight what so ever. Regardless, model risk management is smart
business practice and you should be doing it whether the regulators require it or not. More and more of critical, day to day
business decisions are based on models. If there is no governance of those models, you are tolerating an ever-increasing and
unnecessary level of inherent risk.
 The challenge is that effective model risk management takes resources. It needs people and their time to perform specific tasks
and that costs money. In addition, there is a cultural dynamic in that the talented, innovative employee who is driving the use
of models is typically resistant to any type of governance and views risk management as a drag on their productivity.
 The answer lies in the use of technology to automate many (not all) of the historically manual processes that were the
mainstay of older model risk management practice. CIMCON’s technology can enable you to identify and track these risks, as
well as implement the appropriate level of controls that align with your risk tolerance. The best practices of model risk
management are well established, and CIMCON can’t help you with all of them, but we can automate some helping to
simultaneously reduce the cost and the risk.
 Create a Account enabling you to manage up to ten models at no change.

3. ENABLING MORE EFFECTIVE MODEL RISK MANAGEMENT VIA:
 Model inventory management tools
that dramatically reduce the time
required to maintain an accurate,
up-to-date inventory
 Tracking all critical models,
regardless of the technology
platform or the regulatory
environment
 Automating the collecting and
reporting on self-assessed risk
criteria
 Delivering systematic diagnostic
analytics for spreadsheet-based
models
 Providing error checking and
remediation for spreadsheet-based
models
 Automating the production of
objective evidence for use by
Internal Audit and/or regulators

4. CIMCON's EUC Insight Change Management enterprise software has been successfully implemented in our company since 2008. We chose
CIMCON after other similar tools did not meet business requirements. Initial Configuration is very simple and straightforward, and once
set up EUC Insight Change Management just does its job with very little maintenance and no impact on users whatsoever. We have
currently brought 65,000 spreadsheets under the control of EUC Insight Change Management at 3 locations, 2 in the U.K. and one in
Germany. The performance, scalability and ease of use of the software in handling this large number of files has been impressive. The tool
has been very valuable for the business as it has reduced trading risk resulting from spreadsheet errors, provided compliance with external
auditing requirements, and delivered valuable business insight into spreadsheet changes. The software has proved its value many times
over by tracking critical spreadsheet changes that can have a huge impact on trading worth millions of pounds but would have gone
undetected without EUC Insight Change Management . CIMCON's customer service team has been 'absolutely brilliant' in answering any
questions that arise.
- MARK SUGDEN, EUC MANAGER FOR £40 BILLION
EUROPEAN ENERGY TRADING COMPANY

5. Model Inventory Management.
With both an on-premises and a cloud-
hosted offering, CIMCON provides a
modern, cost-saving capability to know
where your key models are stored and
who is accountable for them
Configurable
Self-assessment Criteria
Many of the factors that determine
criticality/materiality are unique to your
organization. CIMCON provides a
consistent, automated method to gather
and report on this model risk data
Automated Update
Functionality
Putting together the initial list of
models is easy, keeping that risk
metadata current and up-to-date is the
hard part. CIMCON automates the
process of keeping all model risk
information current.

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7. THANK YOU FOR
YOUR TIME.