QuestionAugust 9, 2025

Who has the authority to determine if something is a model or not and whether it will need model governance? The Program Office managing the division The first line Business Risk Office A Model Risk Officer c The divisional generative Al champion Any of the above

Who has the authority to determine if something is a model or not and whether it will need model governance? The Program Office managing the division The first line Business Risk Office A Model Risk Officer c The divisional generative Al champion Any of the above
Who has the authority to determine if something is a model or not and whether it will need
model governance?
The Program Office managing the division
The first line Business Risk Office
A Model Risk Officer
c
The divisional generative Al champion
Any of the above

Solution
4.3(166 votes)

Answer

A Model Risk Officer Explanation 1. Identify the role responsible for model governance A Model Risk Officer typically has the authority to determine if something is a model and whether it will need model governance. This role is specifically designed to oversee model risk management, ensuring models are properly validated and governed.

Explanation

1. Identify the role responsible for model governance<br /> A Model Risk Officer typically has the authority to determine if something is a model and whether it will need model governance. This role is specifically designed to oversee model risk management, ensuring models are properly validated and governed.
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