Model risk
What does model risk cover in AI governance?
1 competency is filed under it: Model risk management and independent challenge. Each has its own page saying what it means in practice.
The competencies filed under it
- Model risk management and independent challenge
Classifies models by tier, sets validation requirements, challenges data, methodology and performance evidence, and reports aggregate exposure.
Risk and Assurance
Roles that ask for it
- AI Model Validator1 of 1 competency
- Model Risk Manager1 of 1 competency
- Chief Audit Executive, AI audit edition1 of 1 competency
- Chief Compliance Officer, AI compliance edition1 of 1 competency
- Chief Risk Officer, AI risk edition1 of 1 competency
Where it is taught and graded
13 graded topics, each passed by explaining it back. The first module of every program is free with a free account.
- Module 1: Integrated Governance, Risk and Compliance and Enterprise Context (1)
- Module 4: Enterprise Risk Architecture and Risk Appetite (2)
- Module 6: Quantitative Risk and Decision Science (1)
- Module 12: Third-Party, Supply-Chain, and Concentration Risk (1)
- Module 2: Capability and Autonomy (1)
- Module 5: Technical Controls and Threat Modeling (1)
- Module 4: Evaluation and Trust (2)
- Module 3: Business and Industry Representation (1)
- Module 6: Balancing AI's Good and Bad (1)
- Module 2: Algorithm Filing and Registration (1)
- Module 3: High-Risk AI Requirements: The Technical File (1)
Questions
- What does model risk cover in AI governance?
- 1 competency is filed under it: Model risk management and independent challenge. Each has its own page saying what it means in practice.
- Which roles ask for model risk?
- 5 roles on the map name at least one of its competencies, from analyst seats to executive ones. Each role page lists the depth expected.
- Where is model risk taught and graded?
- 13 graded topics teach it across 6 programs. Each topic is graded by explaining it back against its own transcript, so a pass is evidence, not attendance. The first module of every program is free with a free account.