Model Risk Management Program Policy - $150.00


The purpose of this Model Risk Management Program Policy is to address how a financial institution utilizes quantitative analysis and models in most aspects of its financial decision making processes that are routinely used for a broad range of activities.

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
Model Risk Definition and Overview - Topic 3
Risk Identification and Mitigation - Topic 4
Duties and Responsibilities - Topic 5
Model Development, Implementation and Use - Topic 6
Model Validation - Topic 7
External Resources - Topic 8
Model Inventory - Topic 9
Audit Policy - Topic 10
Staff Training - Topic 11
Retention of Documentation - Topic 12

Recent updates to this product:
07/05/17 Update
Adoption of Supervisory Guidance on Model Risk Management - FDIC FIL-22-2017

This policy template (approximately 15 pages) is available to purchase from in Microsoft® Word format for $150.00.

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