Model Risk Management Policy
This Model Risk Management Policy addresses how a bank, credit union, fintech company, or other type of 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 Development and Use – Topic 3
- Model Validation and Monitoring – Topic 4
- Governance and Controls – Topic 5
- Vendor and Other Third-Party Products – Topic 6
- Quality Control Standards for Mortgage Originators and Secondary Market Issuers – Topic 7
- Audit Policy – Topic 8
- Staff Training – Topic 9
- Retention of Documentation – Topic 10
Recent updates to this product:
05/04/26 Update
FDIC FIL-16-2026 – Agencies Revise the Interagency Model Risk Management Guidance and OCC Bulletin 2026-13 – Model Risk Management; Revised Guidance
This Model Risk Management Policy (approximately 9 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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