---
sourceDocument: Xanadu Governance, Risk, and Compliance
sourceDocumentLink: https://www.servicenow.com/docs/r/xanadu/governance-risk-compliance

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Model Risk Management

# Model Risk Management {#ariaid-title1}

* Release version: Xanadu
* 
* Updated August 6, 2025
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

The ServiceNow®
Model Risk Management application enables you to identify, assess, validate, and address risks associated with a model throughout their life cycle.

## Get started {#model-risk-management__cf-app-landing-get-started}

|-|-|-|
| [ExploreLearn how you can use the Model Risk Management application to identify, assess, and mitigate risks related to the quantitative models.](https://www.servicenow.com/docs/3uR6jmjp3j4gekmRVhxOIA "Learn how you can use the Model Risk Management application to identify, assess, and mitigate risks related to the quantitative models.") | [ConfigureConfigure the Model Risk Management application to manage risks related to models.](https://www.servicenow.com/docs/kAz6_8MHtQ3RsJyqzfn_fQ "Plan and configure the implementation of the Model Risk Management application. You can follow the steps listed in this topic.") | [UseLearn how you can request Models, assess model risks, manage issues, and validate models.](https://www.servicenow.com/docs/adQFXCJRmKlqlLS96fpJAw "Use the Model Risk Management to identify, assess, and mitigate risks related to the quantitative models.") |
| [ReferenceGet details about components such as, roles, properties, and tables that are installed with the Model Risk Management application.](https://www.servicenow.com/docs/2bV00QJx9GPG7TWAtCSL5Q "Reference topics provide additional information such as default notifications, roles, and tables that are installed with the Model Risk Management application.") |   |   |
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