Work with model findings

Model findings are detailed observations identified during the model validation process, highlighting any major or minor issues, deficiencies, model limitations, stability and robustness concerns, or needed adjustments.

These findings are critical for understanding the risk exposure and compliance status of models within an organization. To make them easier to track, findings are typically categorized by risk area, business unit, model status, and individual model, enabling targeted resolution and informed decision-making to mitigate identified risks and ensure model reliability and accuracy.

Prerequisites

• You are logged in to ValidMind.
• The model is already registered in the model inventory.¹
• A model document project is completed or in progress.²
• You are a Validator or assigned another role with sufficient permissions to perform the tasks in this guide.³

¹ Register models in the inventory

² Working with model documentation

³ Manage permissions

View model findings

To view all project findings:

1. In the left sidebar, click Model Findings.

   In the page that opens, you can see a list of all model findings, including information for:

   • Title
   • Severity
   • Status
   • Inventory model
   • Risk area
   • Assignee
   • Due date
   • Creation date

2. Click on any model finding for more information, including the proposed remediation plan.

Filter project findings

By default, all model findings for all models are displayed and sorted by creation date, with the latest findings displayed first.

To narrow down the findings to only those you want to see, you can apply some filters:

1. In the left sidebar, click Model Findings and then click Filter.

2. On the Select Your Filters dialog that opens, select your filtering criteria for:

   • Status
   • Model inventory
   • Risk area
   • Business units
   • Severity
   • Assignee

   For example: To filter by open findings for the Customer Churn Model assigned to Jane Doe:

   

3. Click Apply Filters.

Filters can be removed by clicking on the next to them on the main Model Findings page where the results are displayed.

Add project findings

1. In the left sidebar, click Model Inventory.

2. Select a model by clicking on it or find your model by applying a filter or searching for it.

3. In the left sidebar that appears for your model, click Documentation.

   You can now either log a finding on this overview page, or via a specific documentation section. Both methods will allow you to associate a finding with a documentation section.

Add finding via overview

To log a finding from the documentation overview:

1. On your model’s Documentation page, click Add Finding.

2. On the Add Model Finding page that opens, provide information for:

   • Title
   • Risk area
   • Owner
   • Severity
   • Due date
   • Documentation section
   • Description

3. When you are done, click Save to submit the finding.

Add finding via section

While working within a section of your documentation, you can easily log a finding associated with that section without leaving the page:

1. Click on ValidMind Insights™ to expand the insight panel.

2. For the section you want to add a Finding for, click Add Finding beneath the Documentation Guidelines.

3. On the Add Model Finding page that opens, provide information for:

   • Title
   • Risk area
   • Owner
   • Severity
   • Due date
   • Documentation section
   • Description

   The documentation section will be auto-populated with the section you are working from — you are able to select another section if desired.

4. When you are done, click Save to submit the finding.

Update project findings

As project findings get resolved or require other changes during the model validation process, you can update them:

1. In the left sidebar, click Model Findings.

2. On the page that opens, click on the finding you want to update or apply a filter to locate the correct finding first.⁴

3. On the page that opens, make your updates to the finding. You can make updates to:

   • Title
   • Description
   • Proposed remediation plan
   • Status
   • Severity
   • Risk area
   • Due date
   • Assignee
   • Documentation section

⁴ Filter project findings

Most updates are applied immediately but you must click Save to make changes to the finding description and proposed remediation plan effective.

What’s next

To get a summary view of all model findings and to identify specific areas of concerns for your model, you can view reports.