Building a Model Inventory in Banking
3 December 2025·10 min
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A strong governance framework only works when you know exactly what you are governing. That is why the model inventory is one of the most important components of modern model risk management. In this session, we break down how to build, maintain, and leverage a complete model inventory that gives banks the transparency, control, and oversight regulators now expect.
A model inventory is far more than a spreadsheet. It is the central nervous system of model risk management. It tells the organisation what models exist, what they do, how risky they are, who owns them, where they operate, how they perform, and what governance decisions apply to them. Without a robust inventory, effective oversight is impossible.
This session explores the key elements of a well designed inventory, how to classify and tier models, how to manage boundary cases and non model tools, and how global regulators such as the PRA, ECB, and Federal Reserve expect firms to manage their model landscape.
📌 What You Will Learn in This Session
• What a model inventory is and why it matters
Understand the critical role the inventory plays in governance, validation scheduling, monitoring, regulatory reporting, and enterprise level risk oversight.
• Core attributes every model entry must include
Learn what to record for each model: purpose, methodology, data sources, system dependencies, validation status, documentation, risk tier, limitations, and ownership.
• How to differentiate models from non model tools
See how firms define model boundaries, classify borderline cases, and avoid regulatory findings under PRA SS1 23, SR 11 7, and ECB expectations.
• Model classification and risk tiering frameworks
Explore how to assess model materiality, complexity, and regulatory impact to assign appropriate validation and monitoring requirements.
• Inventory governance and change management
Understand how to maintain accuracy as models evolve, including version control, lineage tracking, approval workflows, and re classification.
• Technology, automation, and model risk platforms
Discover how leading institutions use dedicated systems to centralise inventory data, trigger workflows, produce dashboards, and support regulatory reviews.
• Regulatory expectations across the UK, Europe, and US
See how global standards emphasise full landscape visibility, timely updates, validation backlogs, and accountability.
• How the inventory becomes a strategic advantage
Learn how senior leaders use the inventory to understand analytical capability, identify concentrations of risk, prioritise investment, and support enterprise decision making.
🎯 Who This Session Is For
Model developers, analysts, and quants
Model validators and model risk professionals
Risk managers, compliance teams, and auditors
Senior leaders responsible for governance and oversight
Anyone building or maturing a model risk management framework
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🔍 Keywords
model inventory, model risk management, PRA SS1 23, SR 11 7, ECB TRIM, model classification, model tiering, model governance, model risk frameworks, risk management training, model lifecycle, validation scheduling, performance monitoring, model metadata, model lineage, MRM systems, model risk platforms, the industry portal
model inventorymodel risk managementPRA SS1 23SR 11 7ECB TRIMmodel lifecyclemodel governancerisk modelsmodel classificationmodel tieringmodel inventory best practicebanking models
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