Large Bank Examination Workshop February 2026

Model Working Groups • Formalized or ad hoc groups of model-specific model owners, users and other stakeholders

III.

Policy Statements:

A.

Model Classification

To ensure management practices appropriately address risk, the Bank classifies (scores) models based on certain attributes. The resulting scores are used to determine the frequency and scope of model validations. Refer to Exhibit B for the model scoring methodology.

B.

Model Inventory Management

The Model Risk Management Group is responsible for maintaining an up-to-date inventory of models and designated calculations. The inventory will include the fields of information listed in Exhibit A.

C.

Model Lifecycle Management

Model risk is managed on an end-to-end basis and generally reflected in the following schematic. Refer to the Model Lifecycle Management Procedures for more detailed information about expectations concerning each lifecycle stage.

5

Model Risk Management Policy

March 15, 20XX

Classification: Confidential

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