Configure Model Workflow Settings

Configure the conditions and frequency for scheduling assessment and validation tasks to maintain a structured and timely approach to model risk management.

Before you begin

Role required: sn_model_risk_mgmt.model_governance or sn_model_risk_mgmt.admin

About this task

This task explains how to configure the frequency for assessment and validation tasks, and define filter conditions. You can schedule assessment and validation tasks for a model risk in the Monitor stage. Based on the configuration, tasks are automatically created for model risks that match the defined conditions in the workflow settings.

Note:

Models with customized frequencies at the model risk record level aren’t affected.

To manually schedule assessment and validation tasks from the model risk record, refer to Schedule assessment and validation tasks.

Procedure

1. If you're a Model Risk Management admin [sn_model_risk_mgmt.admin], navigate to All > Model Risk Configuration > Model Workflow Settings, and continue from step 3.
2. Users with sn_model_risk_mgmt.model_governance role, navigate to All > Model Risk Workspace and do the following:
   1. Select the list icon.
   2. From the list, navigate to Model risk configurations > Model workflow settings.
   3. Continue from step 3.
3. Select New.
4. On the Create New Model Workflow Settings form, fill in the fields.

   Table 1. Create New Model Workflow Settings

   Field	Description
   Name	Unique name of the model workflow settings.
   Table	Table that the workflow setting applies to. This field is automatically set to Model Risk.
   Priority	Priority level for this workflow setting. If multiple workflow settings match the same conditions, the system uses the one with the highest priority.
   Active	Option to activate the workflow setting. When active, the defined scheduling rules and frequencies are applied to the filtered models.
   Filter condition	Conditions that determine which model records the workflow applies to. Select Set conditions to choose filter criteria. For more information, refer to Condition builder.

5. Select Save.
6. To update task schedules, go to the Frequency settings tab.
7. Define the task frequency for Model risk assessment and Model validation task types.
8. On the Frequency form, fill in the fields.

   Table 2. Frequency form

   Field	Description
   Frequency	Option to define how often the assessments and validations should occur.
   Duration (days)	Number of days within which the assessment or validation must be completed after it’s scheduled.
   Repeat every	Interval value for how often the task repeats. For example, enter 2 to repeat every 2 units of the selected period. You can select the unit value in the Period field. This field appears only when Custom is selected from Frequency field.
   Period	Time unit for the custom interval. The options are as follows: Days Weeks Months Years This field appears only when Custom is selected from Frequency field.

   Note:

   Updating the frequency applies the change to all filtered models, except those where the frequency is modified at the model level.
9. Select Save.