A tailored course, built for your situation
Deeper command of model risk governance frameworks
Master the structure, standards, and strategic application of model risk controls in high-pressure financial environments
$199 one-time
24-hour access provisioning
30-day money-back guarantee
Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
The situation this course is for
Who this is for
Senior risk and control practitioner in a global financial institution, responsible for model governance, validation oversight, or control execution within quantitative or regulatory reporting functions
Who this is not for
Junior analysts, developers without governance responsibilities, or professionals outside financial services model risk domains
What you walk away with
- Structure model inventories that align validation effort with risk tier and regulatory scrutiny
- Apply SR 11-7 and FRB MMG requirements with precision across model types
- Anticipate control gaps using forward-reference mapping from Basel and CCAR expectations
- Lead validation challenge with cited standards, not opinion
- Build reusable validation packages that reduce review cycles by anchoring on precedent
The 12 modules (with all 144 chapters)
Module 1. Model risk governance landscape
Understand the evolution of SR 11-7, FRB MMG, and OSFI E-23 frameworks and how they shape current expectations in model oversight.
12 chapters in this module
- Origins of SR 11-7
- Key updates in FRB MMG
- OSFI E-23 alignment with U.S. standards
- Basel influence on model validation
- CCAR model scrutiny patterns
- Regulatory reporting vs. risk models
- Model inventory classifications
- Materiality thresholds by asset class
- Validation scope by model tier
- Independent review requirements
- Documentation standards
- Challenge escalation pathways
Module 2. Model inventory design
Build a risk-tiered model inventory that allocates validation effort proportionally and anticipates regulatory scrutiny.
12 chapters in this module
- Defining model scope
- Identifying primary use cases
- Mapping to financial impact
- Risk tiering by exposure
- Linking to business unit ownership
- Tracking model lifecycle stage
- Version control protocols
- Decommissioning criteria
- Inventory audit trails
- Automated tagging strategies
- Cross-regional consistency
- Reporting to control forums
Module 3. Validation planning framework
Design validation plans that meet regulatory expectations while optimizing resource allocation and team bandwidth.
12 chapters in this module
- Defining validation objectives
- Selecting review depth
- Assigning technical reviewers
- Scheduling based on renewal cycles
- Coordinating with model developers
- Scope creep prevention
- Peer review integration
- Challenge documentation standards
- Escalation triggers
- Quality gate criteria
- Timeline buffers
- Stakeholder sign-off workflow
Module 4. Model methodology assessment
Evaluate modeling techniques with reference to accepted standards and industry precedent.
12 chapters in this module
- Assumption reasonableness
- Data representativeness
- Backtesting adequacy
- Benchmark comparison
- Sensitivity analysis design
- Alternative model testing
- Statistical fit metrics
- Economic rationale
- Peer model references
- Expert review integration
- Challenge response tracking
- Documentation completeness
Module 5. Output and performance review
Assess model outputs for stability, accuracy, and alignment with intended use under stress and normal conditions.
12 chapters in this module
- Defining performance thresholds
- Backtesting frequency
- Exception rate tracking
- Benchmark divergence alerts
- Stress scenario design
- Economic downturn testing
- Input stability checks
- Model drift detection
- Output floor triggers
- Remediation protocols
- Escalation to governance committee
- Reporting to senior management
Module 6. Documentation standards
Create validation reports that satisfy regulatory scrutiny and enable efficient re-review.
12 chapters in this module
- Executive summary structure
- Methodology section standards
- Assumption documentation
- Data source lineage
- Testing procedure detail
- Result presentation formats
- Challenge and response logs
- Risk rating justification
- Action item tracking
- Version history logging
- Appendix organization
- Peer review attestation
Module 7. Challenge facilitation
Lead effective challenge sessions with structured frameworks and authoritative references.
12 chapters in this module
- Pre-meeting briefing packages
- Challenge question design
- Regulatory citation use
- Industry benchmark referencing
- Facilitation techniques
- Consensus tracking
- Disagreement documentation
- Escalation decision criteria
- Follow-up action items
- Stakeholder alignment
- Minutes with accountability
- Status tracking systems
Module 8. Governance committee preparation
Prepare materials that enable efficient decision-making at senior governance forums.
12 chapters in this module
- Agenda item structuring
- Risk rating explanation
- Action item clarity
- Decision option framing
- Regulatory precedent citation
- Timeline impact analysis
- Resource implication summary
- Contingency planning
- Presentation rehearsal
- Q&A preparation
- Escalation documentation
- Post-meeting follow-up
Module 9. Regulatory inspection readiness
Ensure model validation packages are inspection-ready with no last-minute fixes.
12 chapters in this module
- Documentation completeness check
- Validation report versioning
- Challenge log maintenance
- Action item closure proof
- Independent review records
- Peer review evidence
- Assumption approval trail
- Backtesting archive
- Input data lineage
- Model change history
- Escalation documentation
- Inspector Q&A prep
Module 10. Model change control
Manage model updates with consistent validation rigor and minimal operational disruption.
12 chapters in this module
- Change request intake
- Impact assessment
- Validation scope adjustment
- Urgent update protocols
- Parallel run requirements
- Performance monitoring
- Stakeholder communication
- Documentation updates
- Governance notification
- Post-implementation review
- Version retirement
- Audit trail maintenance
Module 11. Third-party model oversight
Apply governance standards to vendor and outsourced models with equivalent rigor.
12 chapters in this module
- Vendor documentation review
- Access to source code
- Validation independence
- Benchmarking vendor models
- Service level agreement checks
- Update coordination
- Model performance monitoring
- Escalation to vendor
- Onsite audit rights
- Subprocess oversight
- Regulatory reporting alignment
- Termination triggers
Module 12. Strategic influence in model governance
Shape how model risk frameworks are interpreted and applied across your organization.
12 chapters in this module
- Setting internal standards
- Influencing methodology choices
- Shaping validation scope
- Guiding risk tiering
- Training junior reviewers
- Mentoring challenger teams
- Presenting at forums
- Publishing internal guidance
- Driving consistency
- Benchmarking peer practices
- Anticipating regulatory shifts
- Positioning as go-to expert
How this maps to your situation
- Preparing for regulatory inspection
- Leading a model validation cycle
- Responding to control escalation
- Designing a new model governance process
Before vs. after
Before
Reliance on precedent and team norms for model validation and challenge.
After
Command of the full framework landscape, enabling authoritative, precedent-backed decisions on model risk governance.
What's included with your purchase
- 12 modules with 12 chapters each (144 chapters)
- Downloadable templates and worked examples for every module
- Hand-built implementation playbook delivered alongside course access
- 30-day money-back guarantee
Delivery and format
- Course and learning environment access provisioned within 24 hours of purchase
- Hand-built implementation playbook delivered alongside course access
Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.
Time investment: Approximately 3-4 hours per module, designed for completion over 6-8 weeks with real-world application between modules.
How this compares to the alternatives
Unlike generic compliance training or academic courses, this program focuses exclusively on applied model risk governance frameworks used in top-tier financial institutions, with templates and structures that integrate directly into existing control workflows.
Frequently asked
Is this course relevant for non-U.S. regulatory environments?
Yes. While anchored in SR 11-7 and FRB MMG, the course includes cross-references to OSFI E-23, Basel standards, and other international expectations.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help me lead model challenge discussions?
Yes. Module 7 provides structured frameworks for facilitating challenge with regulatory and industry precedent.
$199 one-time. Approximately 3-4 hours per module, designed for completion over 6-8 weeks with real-world application between modules..
Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.
30-day money-back guarantee·
144 chapters·
Hand-built playbook included·
Account access within 24 hours