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Founded 1931

Baker Tilly US, LLP

Chicago, Illinois, United States

Baker Tilly's Model Risk Management specialty practice supports banks and financial institutions across the model lifecycle, including MRM framework implementation, model governance, and validation engagements for CECL, asset/liability management, and BSA/AML models, referencing SR 11-7, OCC Bulletin 2011-12, and the 2026 interagency update SR 26-2.

Last updated: Last reviewed by: Model Risk Directory editorial teamEvidence checked: Next evidence review:
Headquarters
Chicago, Illinois, United States
Founded
1931
Website
www.bakertilly.com/specialties/model-risk-management

Notable facts

  • Baker Tilly maintains a dedicated 'Model Risk Management' specialty page describing services across model governance, development support, and validation.
  • Baker Tilly published analysis of the April 2026 revised interagency Model Risk Management guidance (SR 26-2, OCC Bulletin 2026-13) that replaced SR 11-7.

Service categories

Model Risk ManagementModel Risk Management FrameworkSR 11-7 Compliance

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 relevant public case study or customer press release was found during the 2026-07 research pass. This is not a claim about the vendor's client work. We re-check this field quarterly; the next scheduled review is 2026-10-29.

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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Related content

GuideModel Risk ManagementModel risk management (MRM) is the discipline of identifying, measuring, and controlling the risk that a bank's quantitative models produce incorrect or misused results. An MRM advisory firm helps build or run that discipline: model inventory, tiering, governance, and independent validation, rooted in Federal Reserve SR 26-2 (formerly SR 11-7) and OCC guidance.GuideModel Risk Management FrameworkA model risk management framework is the documented set of policies, roles, and processes an institution uses to identify, tier, govern, and validate its models. Under SR 26-2, a sound framework covers model development and use, independent validation, and governance and controls, scaled to the institution's size and model risk profile rather than applied uniformly.GuideSR 11-7 ComplianceSR 11-7 was formally rescinded on April 17, 2026 and replaced by the interagency guidance SR 26-2. Institutions still describing their program as 'SR 11-7 compliant' should update to reference SR 26-2, which preserves SR 11-7's core disciplines, effective challenge, independent validation, governance, while shifting to a risk-based, tailored supervisory approach.