Model Risk Management Framework Word document cover for AI validation
Model Risk Management Framework - Image 2
Model Risk Management Framework - Image 3
Model Risk Management Framework - Image 4
Model Risk Management Framework - Image 5
Model Risk Management Framework - Image 6
Model Risk Management Framework - Image 7
Model Risk Management Framework - Image 8
Model Risk Management Framework - Image 9
Model Risk Management Framework - Image 10
Model Risk Management Framework - Image 11

Model Risk Management Framework

$169.00 AUD

A ready-to-issue Model Risk Management Framework, setting out how your organisation identifies, validates, and monitors risk across the AI and ML models it uses. Editable Word doc, instant download.

✓7-day money-back guarantee — if the document doesn't fit your organisation's needs, request a refund within 7 days.
✓12 months of free updates — revisions for regulatory changes (EU AI Act, ISO 42001, AU Privacy Act) included at no extra cost.
✓Single-organisation licence — editable Word/Excel file, yours to customise and deploy internally.
Category: Brand:

Description

The Model Risk Management Framework gives your organisation a structured way to identify, validate, and monitor the risk sitting inside every AI and ML model in use — from third-party tools to internally built systems — before a bad model decision becomes a bad business decision.

Built to the standard a Big-4 advisor would deliver, this editable Word document is aligned to ISO 42001 and the NIST AI RMF‘s model-risk expectations, and complements your AI Governance Framework and Risk Register.

What’s included

  • Fully editable Word document (.docx)
  • Model inventory, validation, and ongoing monitoring requirements
  • Risk tiering by model impact and criticality
  • Aligned to ISO 42001 and NIST AI RMF

Who it’s for

Compliance officers, CTOs, and risk teams who need a defensible, board-ready model risk framework without building one from scratch.

Key features of this model risk management framework

Most organisations can name the AI tools they use, but few can say which ones have actually been validated, how often they’re monitored, or what happens when a model starts drifting. This framework fixes that with a structured inventory, validation process, and risk tiering — so oversight scales with how much a model’s decisions actually matter.

It’s built to work as the connective layer between your AI Governance Framework and Risk Register: models get tiered by criticality here, and that tiering feeds directly into what level of review and monitoring each one receives.

Unlike a generic risk register, this framework is scoped to the specific mechanics of model risk — validation cadence, performance drift, and retraining triggers — that a standard enterprise risk template doesn’t cover.

Frequently asked questions

What file format is this in?

A fully editable Microsoft Word (.docx) document, ready to add your branding.

Does this cover third-party AI tools as well as internally built models?

Yes — the framework covers both, with the same inventory and tiering approach applied to each.

Can I adapt the risk tiers to my organisation?

Yes. The document is fully editable, so tiers and monitoring cadence can be adjusted to match your risk appetite.

Instant digital download. Delivered as an editable Word document. 7-day guarantee — if the document doesn’t fit your needs, let us know.

Standard Single-Organisation Licence

Upon purchase, you are granted a non-exclusive, non-transferable licence to use this document for the internal governance, risk, and compliance purposes of your own organisation only.

You may:

  • Edit, adapt, and customise the document for internal use
  • Use the document across your organisation's departments, sites, and subsidiaries
  • Retain the document for ongoing internal use with no expiry

You may not:

  • Resell, sublicense, redistribute, or share this document, in original or modified form, with any third party, client, or external organisation
  • Remove, obscure, or alter Madalent's copyright notice within the document metadata
  • Use this document, or derivatives of it, as part of a paid consulting, advisory, or documentation-delivery service to clients
  • Publish this document, in whole or part, publicly or on any resale platform

If you are a consultant, advisor, MSP, or agency intending to deliver this document (or a derivative) to clients as part of a paid engagement, you require a White-Label Consultant Licence — see madalent.com/white-label.

Licence violations may result in legal action for breach of copyright and licence terms.

Related products