IIA Risk Management Tool: Example of MRM Assessment

October 15, 2026

This worksheet offers a customizable structure for risk management professionals and internal auditors who take on responsibilities beyond internal auditing to perform an assessment of model risk management from the risk management perspective.

Areas such as Governance and Oversight, Policies and Procedures, Validation, and more allow practitioners to gather information pertaining to their own organization.

It accompanies “Assessing Model Risk Management: A Risk Management Professional’s Guide.”

Additional resources to use with this tool

Guide
RACI Chart
Third-Party Assessment

• Tools
• Audit Practice
• Assurance
• Governance
• Compliance
• Three Lines
• Risk
• Enterprise Risk Management (ERM)
• Stakeholder, Board, C-suite, and Audit Committee
• Executive
• Mid-Level
• Global Regions
• English