Large Bank Examination Workshop February 2026

M ODEL R ISK M ANAGEMENT P OLICY

T ABLE OF C ONTENTS

I. Purpose:............................................................................................................................... 2

II. Scope:.................................................................................................................................. 2

A. Roles and Responsibilities: ........................................................................................ 2

III. Policy Statements:............................................................................................................... 5

A. Model Classification .................................................................................................. 5

B. Model Inventory Management................................................................................... 5

C. Model Lifecycle Management ................................................................................... 5

D. Model Accuracy Standards and Performance............................................................ 6

E. Model Reviews, Assessments and Validations.......................................................... 6

F. Model Challenge ........................................................................................................ 7

G. Record Retention ....................................................................................................... 7

H. Reporting.................................................................................................................... 8

IV. Administration: ................................................................................................................... 8

A. Roles and Responsibilities ......................................................................................... 8

B. Governance ................................................................................................................ 8

C. Exception Management/Policy Interpretations.......................................................... 8

V. Compliance Monitoring: ..................................................................................................... 8

VI. Applicable Laws and Regulations: ..................................................................................... 8

VII. Related Policies; Procedures:.............................................................................................. 9

VIII. Glossary/Definitions: .......................................................................................................... 9

IX. Policy History Log:........................................................................................................... 10

Model Risk Management Policy

March 15, 20XX

Classification: Confidential

Page 27 of 39