Model Risk Management Toolkit

Designed For

Financial institutions and other organizations developing, using, validating, or relying on models and model-driven decision-making.

What This Toolkit Helps You Do

Establish or strengthen a comprehensive model risk management program covering governance, model classification, development, validation, implementation, ongoing monitoring, third-party models, and executive oversight.

The toolkit provides a consistent structure for managing models throughout their lifecycle and aligning the level of governance with each model’s materiality, complexity, and risk.

What Is Included

  • Model Risk Management Framework

  • Model Risk Management Policy

  • Model Risk Appetite Statement

  • Model Tiering Template

  • Model Development Documentation Template

  • Model Validation Template

  • Model Monitoring Template

  • Model User Guide Template

  • Third-Party Model Risk Due Diligence Questionnaire

  • Board and Executive Reporting Template

  • Implementation Guide

Implementation Support

Use the toolkit independently or engage Chimayo Consulting for model inventory development, model tiering, governance assessments, framework customization, and implementation support.

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