Model Risk Toolkit

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Organize Model Risk: enterprise Infrastructure Architecture is comprised of the totality of your organizations IT Hardware and capabilities.

More Uses of the Model Risk Toolkit:

  • Develop Model Risk: design, implement and analyze reports further facilitating Model Risk Measure surveillance.

  • Devise Model Risk: in conjunction with other Risk Management areas in the lines of businesses, helps develop, implement, monitor, and manage Model Risk Mitigation programs for the enterprise.

  • Audit Model Risk: Technology Risk, Third Party Risk, substantive compliance area monitoring and testing, Data Privacy oversight, Model Risk, risk and control self assessment etc.

  • Secure that your venture performs enterprise Risk Assessments to estimate Model Risk exposure at the enterprise level which can be used to inform mitigation and treatment decisions and actions.

  • Confirm your operation complies; designs and ensures delivery of ongoing training and education and risk awareness programs on Model Risk Management and governance and Best Practices and general standards for End User development.

  • Create and maintain Training Plan on Model Risk Management to ensure model owners understand the responsibility in identifying and properly managing models based on the Model Risk Management framework.

  • Secure that your venture provides advice on Model Risk Management Best Practices and feedback on model reasonableness to the model owners during the model development, acquisition or change process.

  • Create conceptual data model to identify key business entities and visualize relationships.

  • Manage to identify and implement new model technologies or approaches based on the needs of the program.

  • Be accountable for pricing analyst for pricing strategy and execution, pricing model development and analytics, sales Data Collection and analysis, and Market Trends and price trends monitoring.

  • Confirm your planning complies; stress, sensitize, and troubleshoot model results during development phases to ensure reasonable outcomes.

  • Develop Model Risk: partner with the materials Program Management to develop a model that incorporates the specific Supply Chain and materials flow details to project availability in support of your supply/demand goals.

  • Warrant that your business assess and authorize changes to the configuration model and Configuration Management system.

  • Develop a conceptual data model, logical data model, and physical data model and support Application Development teams with database queries, troubleshooting, and optimization.

  • Create an environment that enables and focuses people on your organizations mission and vision.

  • Ensure you are able to communicate with clients and staff of all levels in a highly professional and competent manner.

  • Evaluate Model Risk: work proactively with client stakeholders to re imagine the current Business Processes by deploying digital technologies and/or develop a new Operating model in line with competitive and market forces.

  • Collaborate with it to design and model application Data Structures, storage and integration in accordance with enterprise wide architecture standards across legacy, web, cloud and purchased package environments.

  • Perform Information security risk evaluations/review of vendor software, solutions, and services to assess risk imposed associated with the use of vendor software, solutions, and services.

  • Deliver Customer Success at a high satisfaction level from simulation model creation to production deployment.

  • Create products and models using Model Builder, Python scripting and/or exposure to similar Process Automation tools.

  • Maintain a comprehensive technology Operating model to support the evolving Business Strategy and ensure Continuous Improvement of the underlying technology platforms and processes.

  • Confirm your project builds and deploys operational response model to ensure security standards and Configuration Management policies and protocols are effective, followed, and tracked.

  • Ensure you design; lead with solution and Business Case approach and help change the operational model to SDDC.

  • Ensure you expand; build common Information Model of assets used in your security demonstrations scenarios.

  • Standardize Model Risk: equity valuation and investment model support in collaboration with projects and new markets accounting team.

  • Stay current with technical enhancements, methodologies, statistical and analytical techniques and trends related to model management and development.

  • Interact with management to determine acceptable levels of risks as business model and risk profile changes and align security program accordingly.

  • Manage end to end Predictive Modeling and Solution Development life cycle from Requirements Gathering, identification of data sources, model development and evaluation, to data processes and model implementation.

  • Enable the change by driving the conversations to align to your Customer Journeys and the segment strategies, aligned to the Operating model and ways of working.

  • Be accountable for supporting Security Authorization activities and ensure compliance with Risk Management Framework (RMF) and DJ SIG process.

  • Organize Model Risk: research, evaluate, recommend and implement information technology that aligns with Business Needs and meets objectives.


Save time, empower your teams and effectively upgrade your processes with access to this practical Model Risk Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Model Risk related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Model Risk specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Model Risk Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Model Risk improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. What should you stop doing?

  2. How does the team improve its work?

  3. How frequently do you track Model Risk Measures?

  4. What are the costs of reform?

  5. How do you keep the momentum going?

  6. Is your strategy driving your strategy? Or is the way in which you allocate resources driving your strategy?

  7. Is a Model Risk team work effort in place?

  8. Why are you doing Model Risk and what is the scope?

  9. Why will customers want to buy your organizations products/services?

  10. Is it clearly defined in and to your organization what you do?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Model Risk book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Model Risk self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Model Risk Self-Assessment and Scorecard you will develop a clear picture of which Model Risk areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Model Risk Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Model Risk projects with the 62 implementation resources:

  • 62 step-by-step Model Risk Project Management Form Templates covering over 1500 Model Risk project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Model Risk project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Model Risk Project Team have enough people to execute the Model Risk project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Model Risk project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

Step-by-step and complete Model Risk Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Model Risk project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Model Risk project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Model Risk project with this in-depth Model Risk Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Model Risk projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based Best Practice strategies aligned with overall goals
  • Integrate recent advances in Model Risk and put Process Design strategies into practice according to Best Practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Model Risk investments work better.

This Model Risk All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.