We combine deep expertise and experience with a customized approach to help financial institutions navigate and manage model risk with confidence.
We combine real-world experience and expertise in building, running, and validating models with a practical, right-sized approach to help financial institutions maximize value and manage model risk effectively.
ValuRisk Partners was founded and is led by Josh Salzberg, a banking and model risk professional with nearly 25 years of experience spanning hands-on model development and execution, as well as more than a decade building and leading a model validation practice across a broad range of financial institutions.
Josh Salzberg
Founder & CEO
With experience spanning both quantitative modeling and industry practice, our team delivers rigorous, independent validation tailored to each institution’s models, governance structure, and risk profile.
We provide flexible, co-sourced and outsourced modeling support across ALM, CECL, liquidity stress testing, and related areas, helping institutions run models effectively, develop assumptions, and produce clear, actionable reporting.
Our services are delivered through a flexible, client-specific approach - adapting scope, depth, and timing to align with your institution’s risk profile, governance structure, and regulatory expectations.
Perspectives
After my post on CECL back-testing sparked a lot of good discussion, I wanted to follow up with a similar look at how institutions can approach back-testing for their ALM models. Here is a simple, practical way to think about ALM back-testing as well. ALM models are heavily assumption-driven. Prepayments, deposit betas and decay rates, reinvestment strategies, pricing assumptions, etc. Any one of these can meaningfully change the risk profile of the balance sheet. And because so many...
Jan 5, 2026