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Model Risk Management › Governance › Risk › and Compliance
Release: Australia · Updated: 2026-03-12 · Official documentation · View source

Configuring Model Risk Management

Plan and configure the implementation of the Model Risk Management application. You can follow the steps listed in this topic.

Configuration overview

  1. Install Model Risk Management

    Install the Model Risk Management application (sn_model_risk_mgmt) with the admin role. The application installs related ServiceNow® Store applications and plugins if they aren’t already installed.

  2. Configure scoring logic for model risk assessments

    Configure the scoring logic for Smart Assessment templates that you use to assess the model risks.