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<h3class="anchored" data-anchor-id="meeting-regulatory-requirements-with-validmind">Meeting regulatory requirements with ValidMind</h3>
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<p>ValidMind, as a robust tool for implementing Model Risk Management (MRM) best practices, including the <em>three lines of defense</em>, significantly aids organizations in adhering to the regulatory guidelines set forth by SR 11:7 and SS1/23.</p>
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<p>ValidMind, as a robust tool for implementing Model Risk Management (MRM) best practices, including the <em>three lines of defense</em>, significantly aids organizations in adhering to the regulatory guidelines set forth by SR 11-7 and SS1/23.</p>
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<dt>First line of defense — model developers</dt>
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ValidMind offers a suite of tools for model developers, facilitating thorough documentation and rigorous testing of models, aligning with the regulatory expectations of both SR 11:7 and SS1/23, particularly for models under regulatory purview.
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ValidMind offers a suite of tools for model developers, facilitating thorough documentation and rigorous testing of models, aligning with the regulatory expectations of both SR 11-7 and SS1/23, particularly for models under regulatory purview.
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<dt>Second line of defense — model validators</dt>
The Model Inventory feature encapsulates a centralized repository for all models, aiding in streamlined tracking, management, and monitoring, simplifying compliance with the inventory mandates specified in SR 11:7 and SS1/23.
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The Model Inventory feature encapsulates a centralized repository for all models, aiding in streamlined tracking, management, and monitoring, simplifying compliance with the inventory mandates specified in SR 11-7 and SS1/23.
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<dt>Lifecycle management and custom workflows</dt>
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ValidMind’s capabilities extend to effective model lifecycle management through configurable workflows. This structured approach to managing model risks across various lifecycle stages significantly aids in meeting the rigorous management and oversight expectations set by SR 11:7 and SS1/23.
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ValidMind’s capabilities extend to effective model lifecycle management through configurable workflows. This structured approach to managing model risks across various lifecycle stages significantly aids in meeting the rigorous management and oversight expectations set by SR 11-7 and SS1/23.
With automated validation features and comprehensive risk assessment tools, ValidMind aligns with the effective validation criteria and thorough risk evaluation mandates of SR 11:7 and SS1/23.
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With automated validation features and comprehensive risk assessment tools, ValidMind aligns with the effective validation criteria and thorough risk evaluation mandates of SR 11-7 and SS1/23.
<p>By integrating these features, ValidMind provides a comprehensive platform that not only simplifies the path to compliance with SR 11:7 and SS1/23 but also embeds a culture of rigorous and transparent model risk management within the organization.</p>
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<p>By integrating these features, ValidMind provides a comprehensive platform that not only simplifies the path to compliance with SR 11-7 and SS1/23 but also embeds a culture of rigorous and transparent model risk management within the organization.</p>
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