---
title: Model Risk Management
description: The ServiceNow Model Risk Management application enables you to identify, assess, validate, and address risks associated with a model throughout their life cycle.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/model-risk-management.html
release: australia
topic_type: reference
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Governance, Risk, and Compliance]
---

# Model Risk Management

The ServiceNow® Model Risk Management application enables you to identify, assess, validate, and address risks associated with a model throughout their life cycle.

## Get started

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[Explore\[Omitted image "bus-explore.svg"\] Alt text:Learn how you can use the Model Risk Management application to identify, assess, and mitigate risks related to the quantitative models.](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/exploring-mrm.md)

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[Configure\[Omitted image "bus-sdlc.svg"\] Alt text:Configure the Model Risk Management application to manage risks related to models.](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/configuring-mrm.md)

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[Use\[Omitted image "bus-agent-workspace-1.svg"\] Alt text:Learn how you can request Models, assess model risks, manage issues, and validate models.](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/using-mrm.md)

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[Reference\[Omitted image "bus-learn.svg"\] Alt text:Get details about components such as, roles, properties, and tables that are installed with the Model Risk Management application.](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/mrm-reference.md)

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