--- sourceDocument: Store Version History Release Notes sourceDocumentLink: https://www.servicenow.com/docs/r/store-release-notes Release : - store ft:locale : - en-US ft:publication_title : - Store Version History Release Notes ft:clusterId : - rnst bundleId : - rnst --- # GRC: Model Risk Management release notes # GRC: Model Risk Management release notes {#ariaid-title1} Release version: Store Updated September 10, 2026 ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 2 minutes to read Summarize ![AI sparkle icon](https://servicenow.com/docs/portal-asset/ai-sparkle-icon) Summarized using AI This content was generated using new OpenAI-powered functionality. Results are provided on an as is basis and are not guaranteed to be accurate or complete. ## Summary of GRC: Model Risk Management Release Notes The ServiceNow GRC: Model Risk Management (MRM) application helps organizations identify, assess, and mitigate risks associated with quantitative models used in decision-making, particularly in financial services. The application provides tools to manage model risk effectively, ensuring reliable model governance and compliance. Show full answer Show less ## Key Updates and Enhancements * **Security Improvements:** Recent versions (22.5.0 and 22.0.6) have strengthened security by enhancing query range access controls (ACLs) and improving authorization validations in Multiple Record Association (MRA) workflows. These changes ensure users access only authorized data and reinforce consistent access checks. * **Standardized Query Range ACLs:** Version 22.3.2 introduced standardized query range ACLs across all tables, improving reliable data querying for authenticated users with read permissions. Automated scripts assist with upgrade transitions, but customers should review any customized ACLs post-upgrade to ensure policy alignment. * **Template Versioning:** The introduction of smart assessment template versioning allows modification of existing templates by creating new versions rather than starting from scratch. The latest published template version is used when creating assessments, streamlining assessment management. * **Usability Fixes:** Several fixes have improved user experience, including enabling Model Risk Coordinators to edit stakeholders (version 23.0.5), resolving infinite loading when editing schedules, correcting model owner updates in headers (version 22.0.4), and fixing notification link redirections to appropriate workspaces or portals. * **Access and Interface Corrections:** Issues with list view edit actions were resolved by removing unsupported edit options to prevent errors, and translation gaps in the workspace were addressed to improve localization. ## Practical Benefits for ServiceNow Customers * Enhanced security controls protect sensitive model risk data and ensure compliance with governance policies. * Improved workflow authorization prevents unauthorized data access within model risk processes. * Template versioning increases efficiency in managing assessment templates, reducing effort in maintaining model risk assessments. * Usability improvements facilitate smoother stakeholder management and model risk record handling. * Clear notification workflows and interface fixes enhance user navigation and operational efficiency in the Model Risk Management workspace. ## Next Steps Customers upgrading to recent versions should review customized ACL configurations to confirm they align with internal access policies. Leveraging the new template versioning feature can optimize assessment processes. Additionally, user roles such as Model Risk Coordinators will have improved capabilities to manage stakeholders effectively. Version history for the ServiceNow® GRC: Model Risk Management application on the ServiceNow Store. Important: For details on system requirements and family compatibility, view the application listing on the [ServiceNow Store](https://store.servicenow.com/sn_appstore_store.do#!/store/home) website. Version 23.0.5 - September 2026 (Brazil) : * Fixed: * The issue preventing Model Risk Coordinators from editing stakeholders has been resolved. The Edit button is now enabled for Risk Coordinators, allowing them to update stakeholder information as required. * Fixed styling issues on Model risk record and home page. * Resolved an infinite loading issue on editing the schedule. {#store-grc-rn-model-risk-management__ul_xzn_vhb_lkc} Version 22.5.0 - August 2026 (Australia) : * Fixed: * Query Range ACL Enhancements * Improved application security by adding missing query range access controls and strengthening authorization checks across supported data models. This helps ensure users can access only the data they are authorized to view. {#store-grc-rn-model-risk-management__ul_ny5_yx5_bkc} * MRA Security Enhancements * Strengthened authorization validation within Multiple Record Association (MRA) workflows to improve security and ensure access checks are consistently enforced during record association operations {#store-grc-rn-model-risk-management__ul_oy5_yx5_bkc} {#store-grc-rn-model-risk-management__ul_wcf_zx5_bkc} {#store-grc-rn-model-risk-management__ul_my5_yx5_bkc} Version 22.0.6 - August 2026 (Zurich) : * Fixed: * Query Range ACL Enhancements * Improved application security by adding missing query range access controls and strengthening authorization checks across supported data models. This helps ensure users can access only the data they are authorized to view. {#store-grc-rn-model-risk-management__ul_kxg_yx5_bkc} * MRA Security Enhancements * Strengthened authorization validation within Multiple Record Association (MRA) workflows to improve security and ensure access checks are consistently enforced during record association operations {#store-grc-rn-model-risk-management__ul_lxg_yx5_bkc} {#store-grc-rn-model-risk-management__ul_xwg_yx5_bkc} Version 22.3.2 - June 2026 (Australia) : * New: * Standardized Query Range ACLs: All tables now include standardized query range ACLs, ensuring authenticated users with read permissions can reliably query records. New ACL rules install automatically during upgrade. Automated scripts handle detection and processing of any previously customized ACLs. Review customized query range ACLs after upgrade to confirm alignment with your access policy. * Smart Assessment Template Versioning: Model risk management now supports template versioning --- modify existing templates by creating new versions instead of building from scratch. The latest published version is always used when creating assessments. {#store-grc-rn-model-risk-management__ul_jw1_mzl_kjc} * Changed: Workspace redirection for Model Risk Management notifications: Email notification links for Model Risk Management records now redirect users to the Model Risk workspace or the GRC Tasks portal, based on their access permissions. * Fixed: * The "Create Assessment" button now functions correctly when creating assessments in the initiation state. * Resolved translation gaps in the Model Risk Management workspace. {#store-grc-rn-model-risk-management__ul_dct_mzl_kjc} Version 22.0.4 - March 2026 : * Fixed: * Model Owner updates now reflect correctly in the model header. * Resolved an issue where updating the Model Owner through stakeholder changes did not reflect in the model header. {#store-grc-rn-model-risk-management__ul_dhr_11l_m3c} * Corrected access control for model risk data. * Fixed an authorization issue by removing unintended role inheritance, ensuring users have access only to the model risk content. {#store-grc-rn-model-risk-management__ul_ehr_11l_m3c} * Resolved list view Edit action failure. * Fixed an issue where the Edit action in the Model Risk workspace list view was failing. The unsupported Edit option has been removed to prevent errors. {#store-grc-rn-model-risk-management__ul_fhr_11l_m3c} {#store-grc-rn-model-risk-management__ul_tgr_11l_m3c} Version 21.1.3 - December 2025 : Model Risk Management (MRM) application focuses on identifying, assessing, and mitigating the risks associated with using quantitative models in decision-making processes. These models, commonly used in financial services for tasks such as pricing, value-at-risk calculations, and cashflow projections, can carry significant risk if they produce flawed or misleading results.