Generating model documentation
Model documentation provides all stakeholders with a thorough understanding of how models work and how they should be used. While model documentation is critical for effective model risk management, the process is often a time-consuming and cumbersome endeavor that is challenging to standardize.
In this video, we demonstrate how you can streamline the model documentation process and populate your organization’s documentation templates with both qualitative information and test results. By doing so, you can expedite your model documentation process, freeing up time for model development and validation teams to concentrate on value-added work. Finally, since documentation can be generated through a workflow, sign-off steps can be included and the entire process becomes fully auditable.
In this video we show you how to:
- Update the model’s Key Performance Indicators
- Generate model documentation as part of a dedicated workflow
- Feed test results in the documentation
- Embed comments in your model documentation