Governance

Model Risk Management

1 min read

What It Means

Systematic processes for identifying, measuring, and mitigating risks from AI/ML models.

Model risk management applies risk management principles to AI systems, particularly important in regulated industries.

Framework

Model inventory
Risk assessment
Validation testing
Ongoing monitoring
Documentation

Regulations

SR 11-7 (banking)
Industry-specific requirements
Emerging AI regulations

Avoid common pitfalls

Learn what failures to watch for

governanceriskcompliance

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