Establishing Model Risk Management
http://ccro.org © Copyright 2025, CCRO. All rights reserved. 4
Acknowledgements
White papers issued by the CCRO are the product of the efforts of its body of members and
other registered working group participants. The views expressed in any particular CCRO
paper are attributable only to the CCRO itself and do not necessarily represent the views or
intentions of an individual member.
The preparation of a paper is led by a subset of CCRO members, termed a “working group”
that possesses a particular interest in the subject topic. The working group then develops,
researches, and prepares the paper. Certain external parties, whose functions may include
providing valuable expertise, perspective, and/or coordination and facilitation, assist the
working group as necessary.
The efforts of all these parties are greatly appreciated, and while this group continues with its
work, all interested parties are encouraged to contact us at http://ccro.org.
The CCRO extends special thanks to the following organizations and individuals who continue to
dedicate considerable and valuable time, resources, expertise, and/or perspective to the
preparation and issuance of this paper, Establishing Model Risk Management.
Working Group Leadership Team
Lead Authors
Brian O’Neal
Partner
at Weaver
Akshay Singh
Market Risk Manager
at Golden Pass LNG
Thought Leaders
Sid Jacobson
CCRO Member Emeritus
Alex Zhukovsky
Director Energy Portfolio Risk
at National Grid
Cengizhan Yenerim
Head of Risk and Strategy
at Engie Energy Marketing, NA
Pierre Brunelle
Manager Middle Office, Gas &
Power
at Repsol
While these individuals provided the lead for this initiative’s content and direction, many other
CCRO members contributed by reviewing and commenting as the paper was developed.
http://ccro.org © Copyright 2025, CCRO. All rights reserved. 4
Acknowledgements
White papers issued by the CCRO are the product of the efforts of its body of members and
other registered working group participants. The views expressed in any particular CCRO
paper are attributable only to the CCRO itself and do not necessarily represent the views or
intentions of an individual member.
The preparation of a paper is led by a subset of CCRO members, termed a “working group”
that possesses a particular interest in the subject topic. The working group then develops,
researches, and prepares the paper. Certain external parties, whose functions may include
providing valuable expertise, perspective, and/or coordination and facilitation, assist the
working group as necessary.
The efforts of all these parties are greatly appreciated, and while this group continues with its
work, all interested parties are encouraged to contact us at http://ccro.org.
The CCRO extends special thanks to the following organizations and individuals who continue to
dedicate considerable and valuable time, resources, expertise, and/or perspective to the
preparation and issuance of this paper, Establishing Model Risk Management.
Working Group Leadership Team
Lead Authors
Brian O’Neal
Partner
at Weaver
Akshay Singh
Market Risk Manager
at Golden Pass LNG
Thought Leaders
Sid Jacobson
CCRO Member Emeritus
Alex Zhukovsky
Director Energy Portfolio Risk
at National Grid
Cengizhan Yenerim
Head of Risk and Strategy
at Engie Energy Marketing, NA
Pierre Brunelle
Manager Middle Office, Gas &
Power
at Repsol
While these individuals provided the lead for this initiative’s content and direction, many other
CCRO members contributed by reviewing and commenting as the paper was developed.
