- Country: Canada
- Summary: Risk Model Validation Services
- CAT Ref No: 127639414
- Deadline: 03 Nov 2025
- Financier: Self Financed
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: PRCP0003320
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- Description:
- ObjectThis call for tenders is to select a Bidder to provide risk model validation Services, professional advices and support in model development and model validation practices.BDC operates in a complex environment where risk models ("models") are strategic assets. BDC needs to ensure that sound practices are applied to its model development. Therefore, BDC has established a model validation program to identify, assess, manage, and control model risk. The implementation of the model risk program is proportional to BDC's nature, size, complexity, and risk profile.Although BDC is not an OSFI (Office of the Superintendent of Financial Institutions) regulated financial institution, it strives to align with industry standards as well as to follow model development and model risk management best practices. Thus, Bidders should be aware of the Regulatory Guidelines (e.g. E-23) and industry best practices.Mandatory requirementsM.001 The Bidder must ensure that all production data including clustered, mirrored, and duplicated data for redundancy is hosted within Canada or Europe. Hosting in European jurisdictions may be considered, provided the Bidder demonstrates that the data protection measures in place are equivalent to those upheld by the Five Eyes Alliance (Canada, United States, United Kingdom, Australia, and New Zealand).If the Bidder cannot meet the Canadian or European residency requirement, they must provide a detailed explanation of the data's geographic location and the ...
- Documents:
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CLICK HERE TO LOGINRisk Model Validation Services - Canada Tender
The BUSINESS DEVELOPMENT BANK OF CANADA, a Government sector organization in Canada, has announced a new tender for Risk Model Validation Services. This tender is published on CanadaTenders under CAT Ref No: 127639414 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-11-03.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
