Perform model risk assessment

task australia Updated Sep 10, 2026 1 min read perform-model-risk-assessment.md

Perform the model risk assessment initiated by the Model Governance team to identify and assess the risks related to a quantitative model using the Model Risk Management application.

Before you begin

Role required: sn_model_risk_mgmt.model_owner or sn_model_risk_mgmt.model_validator

Note: To perform the model risk assessment from the GRC task page, you must assign either the business_user or business_user_lite role to sn_model_risk_mgmt.model_owner.

Procedure

Navigate to All > Self-Service > Employee Center.
Under My active items, select GRC tasks.
Select the model risk assessment from the My to-dos card.
Respond to all the factors or questions listed in the Materiality Assessment.
Respond to all the factors or questions listed in the Risk Assessment.
Select Submit.

After you submit your responses, you are no longer able to modify them.

Result

The model risk task is submitted for approval. If no approvers are configured, the model directly moves to the Pre-deployment state.

Parent Topic:Using Model Risk Management

46 lines · 1.8 KB Wrap lines

---
title: Perform model risk assessment
description: Perform the model risk assessment initiated by the Model Governance team to identify and assess the risks related to a quantitative model using the Model Risk Management application.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/perform-model-risk-assessment.html
release: australia
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Use, Model Risk Management, Governance, Risk, and Compliance]
---

# Perform model risk assessment

Perform the model risk assessment initiated by the Model Governance team to identify and assess the risks related to a quantitative model using the Model Risk Management application.

## Before you begin

Role required: sn\_model\_risk\_mgmt.model\_owner or sn\_model\_risk\_mgmt.model\_validator

**Note:** To perform the model risk assessment from the GRC task page, you must assign either the business\_user or business\_user\_lite role to sn\_model\_risk\_mgmt.model\_owner.

## Procedure

1. Navigate to **All** &gt; **Self-Service** &gt; **Employee Center**.

2. Under My active items, select **GRC tasks**.

3. Select the model risk assessment from the My to-dos card.

4. Respond to all the factors or questions listed in the Materiality Assessment.

5. Respond to all the factors or questions listed in the Risk Assessment.

6. Select **Submit**.

After you submit your responses, you are no longer able to modify them.

## Result

The model risk task is submitted for approval. If no approvers are configured, the model directly moves to the Pre-deployment state.

**Parent Topic:**[Using Model Risk Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/using-mrm.md)