Download a free SR 11-7 Model Risk Management (MRM) glossary built for banks, fintechs, lenders, insurers, model risk teams, validators, compliance professionals, and internal audit teams.

This glossary helps you quickly understand key SR 11-7 concepts and standardize language across your MRM program. It is a practical resource for onboarding, documentation, internal alignment, and audit or exam preparation.

Inside, you’ll get clear definitions for important MRM terms related to:

• governance

• model inventory and tiering

• validation

• monitoring

• change management

• issues and exceptions

• vendor model risk

• audit and exam readiness

This free resource is ideal if you want a simple way to understand SR 11-7 terminology before building or buying a larger MRM toolkit.

It also pairs well with:

• the SR 11-7 Compliance Checklist Package

• the full SR 11-7 Document Template Package

Format: Microsoft Word
Best for: model risk, compliance, validation, governance, and audit teams