McKinsey & Company
New York, New York, United States
McKinsey's Risk and Resilience practice advises large banks on model risk management strategy and model life-cycle transformation, including how banks tier and time initial and periodic validation of Tier 1 to Tier 3 models to manage validation backlogs and capacity constraints. This classical MRM advisory work sits within core McKinsey Risk and Resilience, distinct from QuantumBlack, McKinsey's AI arm, whose public banking work centers on generative AI model building rather than independent model validation.
- Headquarters
- New York, New York, United States
- Founded
- 1926
- Website
- www.mckinsey.com/capabilities/risk-and-resilience/our-insights/the-evolution-of-model-risk-management
Notable facts
- McKinsey reports that the number of models at large banks ranges from about 100 to 3,000, with wide variation in validation resourcing, and that in Europe initial Tier 1 model validation takes about 20 weeks on average versus 13 and 9 weeks for Tier 2 and Tier 3.
- McKinsey has published a recurring body of work on MRM strategy, including 'The evolution of model risk management' and 'A strategic vision for model risk management.'
Service categories
Pricing
Pricing not publicly disclosed on the vendor's site. Typical for B2B model risk management engagements, which are usually quoted per scope.
Case study
No self-published case study found for this vendor at time of research. This reflects what could be found publicly, not a claim about the vendor's actual client work.
Sources. This profile is compiled from public reference data, WebSearch-verified againstsource 1 · source 2 · source 3. Data as of 2026-07. See methodology.
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