www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/ Show Notes: Model Risk Management (OCC Comptroller's Handbook) In this episode, Samantha Shares discusses the OCC's "Model Risk Management" handbook (Version 1.0, August 2021). This comprehensive handbook provides guidance on how financial institutions should manage risks associated with their use of models. Key topics covered: Definition of models and model riskTypes of risk associated with model useGovernance framework requirementsThree lines of defense in model risk managementModel development, testing and implementationValidation process and requirementsThird-party model risk managementDocumentation and inventory requirementsThis handbook is essential knowledge for anyone dealing with model risk management in financial institutions, particularly those subject to OCC supervision. 
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