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Founded 2016

ModelOp, Inc.

Chicago, Illinois, United States

ModelOp Center is a model governance platform for regulated enterprises, including banks and insurers, that provides a real-time model inventory, monitoring, and out-of-the-box governance templates, including one mapped specifically to Federal Reserve SR 11-7.

Last updated: Last reviewed by: Model Risk Directory editorial teamEvidence checked: Next evidence review:
Headquarters
Chicago, Illinois, United States
Founded
2016
Website
www.modelop.com/solutions/financial-services

Notable facts

  • ModelOp provides pre-packaged governance templates for SR 11-7 among other regulatory frameworks, per ModelOp's own site.
  • ModelOp grew out of Open Data Group, founded in 2016 by Robert Grossman, Stu Bailey, and Pete Foley.

Service categories

Model Risk Management Software

Pricing

Pricing not publicly disclosed on the vendor's site. Typical for B2B model risk management engagements, which are usually quoted per scope.

Case study

No relevant public case study or customer press release was found during the 2026-07 research pass. This is not a claim about the vendor's client work. We re-check this field quarterly; the next scheduled review is 2026-10-29.

Sources. This profile is compiled from public reference data, WebSearch-verified againstsource 1 · source 2. Data as of 2026-07. See methodology.

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Related content

GuideModel Risk Management SoftwareModel risk management software centralizes a bank's model inventory, tracks validation status and lifecycle events, and automates governance workflows like tiering, revalidation scheduling, and audit-trail documentation. It replaces manual spreadsheet tracking, which becomes unmanageable once an institution has more than a handful of tiered models.FrameworkSR 11-7SR 11-7 was the Federal Reserve's foundational 2011 guidance on model risk management, covering model development, implementation, use, validation, and governance. It was formally rescinded on April 17, 2026 and replaced by SR 26-2, though SR 11-7's core principles, including effective challenge and independent validation, carried forward into the new guidance.