Check documents for compliance

Use the ValidMind Document Checker to analyze your completed documents by comparing them against regulatory standards.

What is the ValidMind Document Checker?

Document Checker

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

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

As a compliance tool, the ValidMind Document Checker is most useful when your documentation or report 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.

NoneWhat regulations are supported by default?

By default, ​ValidMind supports the following regulations:

• 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)
• European Union Artificial Intelligence Act (Regulation (EU) 2024/1689, EU AI Act)

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 documents that can be checked against a regulatory standard.
• Regulations or policies and associated assessments have been configured for the document types you are checking.²
• You are a Developer or Validator, or assigned another role with sufficient permissions to perform the tasks in this guide.³

¹ Register records in the inventory

² Customize ValidMind Document Checker

³ Manage permissions

Check documents

1. Select a document

1. In the left sidebar, click Inventory.

2. Select a model or find your model by applying a filter or searching for it.⁴

3. In the left sidebar that appears for your model, click Documents and select the Latest or Saved Versions tab.⁵

4. Click on the file you want to check:⁶

   Development, Monitoring, and custom type documents

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

   Validation type documents

   1. Locate Check Document on the right and click to expand the menu.

   2. Click Check Document.

5. Proceed with selecting a regulation to check your document against.

⁴ Working with the inventory

⁵ Work with document versions

⁶ Working with model documents

2. Select a regulation

1. In the Document Checker modal, select a regulation and an associated assessment from the drop-down menus to check your document against:

   

   Example regulation or policy and assessment selected to check a document against

   A list of regulation-based questions appears for your review.

2. Scroll to the bottom and click Check {document type} Document where {document type} is the type of document you are checking.

The ValidMind Document Checker analyzes your document, identifies gaps, and generates recommendations for specific questions for your review.

3. Review the observations

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

Gap Identified — A question that is not addressed and requires attention.
Partial Gap — A question that is partially addressed and requires attention.
No Significant Gaps — A question that is fully addressed.

1. Review questions that require attention. Each question includes a(n):

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

   
   

   NoneExamples — Observations & recommendations

   

   Sample question that is not addressed

   

   Sample question that is partially addressed

   

   Sample question that is fully addressed

Use the feedback provided by the ValidMind Document Checker to review the appropriate sections of your document and decide what revisions should be made.

4. (Optional) Export results

To export the results of the Document Checker to a .pdf (Portable Document Format) file for usage outside of the ValidMind Platform, click Export All.

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