Configuring Model Risk Management

  • Release version: Australia
  • Updated March 12, 2026
  • 1 minute to read

    • 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.