Banks, savings institutions and credit unions
The segment that has been doing this for a decade under a different name. Model risk management is already a funded function with a written policy and an examiner who asks about it, so nobody here has to be sold the idea that a model needs independent challenge. The argument is coverage, not concept.
Who signs: chief risk officer, head of model risk management, chief data officer, chief information security officer, and the internal audit lead on validation work.