Check documentation for compliance

Use the Document Checker to analyze your completed model documentation by comparing it against regulatory standards.

What is the Document Checker?

Document checker

The Document Checker is a compliance tool that reviews technical documentation against a selected regulatory standard. Use the checker to identify gaps, generate actionable recommendations, and focus your efforts on areas that require attention. The checker uses a structured checklist to:

• Assess whether required information is clearly documented
• Identify missing or weak areas in the documentation
• Offer guidance on how to improve clarity, completeness, and compliance
• Ensure consistency with regulatory expectations for risk and model governance

As a compliance tool, the checker is most useful when your model documentation is sufficiently complete and you are preparing models for regulatory submission or internal audit, as it helps reduce manual review effort and improve quality assurance.

Supported regulations include:

• Federal Reserve Supervisory Letter SR 11-7 (United States)
• Bank of England Prudential Regulation Authority (PRA) Supervisory Statement SS1/23 (United Kingdom)
• Office of the Superintendent of Financial Institutions (OSFI) Guideline E-23 (Canada)

Prerequisites

• You are logged in to ValidMind.
• The model you are documenting is registered in the model inventory.¹
• The model must have sufficiently complete documentation that can be checked against a regulatory standard.
• You are a Developer or Validator, or assigned another role with sufficient permissions to perform the tasks in this guide.²

¹ Register models in the inventory

² Manage permissions

Check model documentation

1. In the left sidebar, click Inventory.

2. Select a model or find your model by applying a filter or searching for it.³

3. In the left sidebar that appears for your model, click Documents and select a Document type file.⁴.

4. Locate the Document Check box on the right and click Check Document.

³ Working with the model inventory

⁴ Working with model documents

Select a regulation

1. In the Document Checker, click Select a regulation and pick which one to check your document against:

   

   Select a regulation to check your document against

   A list of regulation-based questions appears that you can review and expand.

2. Scroll to the bottom and click Check Document.

The system analyzes your documentation, identifies gaps, and generates recommendations for specific questions that you can review in the next step.

Review the findings

1. After the Document Checker has completed its analysis, expand individual questions or click Expand All to look through the findings.

2. Each question includes:

   • Finding — An analysis of how the documentation currently addresses the question
   • Recommendation — If suggested, guidance on how to revise the documentation to better address the question

   

   Review the finding and recommendation for each question

Use the feedback provided by the Document Checker to review the appropriate sections of your documentation and decide what revisions should be made. Or, if you have run the checker before and were just checking that all documentation issues have been addressed, submit your model for validation.

Learn more