Model inventory

Roles that need it

• Model Validation Analyst
• Credit Risk Model Developer
• Data Governance Analyst
• Risk Advisory Consultant

Skills it belongs to

• Model validation and governance
• Data governance, quality and lineage

Related concepts

• Model riskModel risk is the potential for loss or poor decisions from models that are wrong in design or data, or used outside their purpose. Supervisors expect a model risk management framework covering inventory, tiering, independent validation, use limits and board oversight.
• Model validationModel validation is the independent review that checks whether a model is conceptually sound, built on suitable data, correctly implemented and performing as intended for its use. It is done before first use and periodically after, and its findings feed model approval and the model risk framework.

Sources

• SS1/23 Model risk management principles for banks, Bank of England PRA (external site) accessed 31 Oct 2026
• SR 11-7 Guidance on Model Risk Management, Federal Reserve (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.