Model Risk Governance Lifecycle

SR 11-7 style flow: development, independent validation, approval, ongoing monitoring, periodic revalidation, and terminal exits

Model Risk Governance Lifecycle SR 11-7 style flow: development, independent validation, approval, ongoing monitoring, periodic revalidation, and terminal exits 01 / Lifecycle phases 02 / Alerts 03 / Terminal exits Development · build + document · Lifecycle phases · entry 01 Development build + document entry Validation · effective challenge · Lifecycle phases · independent 02 Validation effective challenge independent Approval · risk committee · Lifecycle phases · gate 03 Approval risk committee gate Monitoring · drift + outcomes · Lifecycle phases · observe 04 Monitoring drift + outcomes observe Revalidation · periodic review · Lifecycle phases · cycle 05 Revalidation periodic review cycle Rejected · fails challenge · Terminal exits · terminal Rejected fails challenge terminal Drift Flagged · threshold breach · Alerts · alert Drift Flagged threshold breach alert Retired · decommissioned · Terminal exits · terminal Retired decommissioned terminal Legend active state waiting terminal success failure / exit

Governance Rail

  • • One version moves through five ordered phases
  • • Independent validation is a distinct phase, not a checkbox
  • • Monitoring is an ongoing phase feeding revalidation

Gates + Alerts

  • • The approval gate can send a model back or reject it
  • • Monitoring raises drift alerts on threshold breach
  • • A flagged model recovers to the rail or is retired

Terminal Exits

  • • Rejected models never reach production
  • • Retired models are decommissioned with an audit trail
  • • Terminal exits do not point back into production use

Lifecycle diagram • Built with Archify • Create yours ↗ • Hover to trace • R route • Click to focus • +/− zoom • M radar • [/] views • P play story • T theme • E export