Model Risk and Algorithm Accountability Review

Overview

This Starter Kit helps model risk teams maintain complete oversight of every model in production by keeping a current inventory, documenting decision explainability, and stress-testing for bias and stability. Policy controls are linked directly to model behaviors and remediation findings are tracked to closure.

In addition to core workflows, this kit includes guidance for effectively using AI tools alongside the workflows to enhance output.

What problem does it solve?

Model inventories, monitoring evidence, and policy documentation are often fragmented across systems, making it difficult to demonstrate governance during reviews. Teams spend significant effort collecting documentation and verifying control coverage before audits.

What’s included?

• Model Inventory Completeness Auditor. Reconciles the full model inventory so every model in production is accounted for and under active governance.
• Decision Explainability Coverage Mapper. Documents how each model’s outputs can be explained in plain terms, meeting regulatory and audit expectations.
• Bias and Stability Stress Tester. Tests models under stress conditions to surface bias and stability issues before they affect decisions or trigger findings.
• Policy-to-Model Control Linker. Links policy controls directly to specific model behaviors so compliance can be demonstrated at the model level.
• Model Remediation Finding Tracker. Tracks open model risk findings through to closure so governance gaps are resolved on a defined timeline.
• Optional AI Guidance. Learn how to generate financial commentary using AI.

Extending your workflow with AI

This Starter Kit is AI-ready, meaning it’s designed to help you leverage AI tools more effectively with structured, analysis-ready data. With this Starter Kit, you can:

• Prepare high-quality, structured data ideal for LLMs
• Apply AI tools more effectively and consistently
• Combine deterministic analytics with generative AI for enhanced outputs

How it works:

• Build and run the Alteryx workflow to prepare and analyze your data
• Export structured outputs
• Use the included guidance to input results into your preferred LLM

How to use this Starter Kit?

After downloading, you’ll be redirected to our How to Use Starter Kits page for step-by-step guidance on installing, locating, and exploring Starter Kits in Alteryx.