{
 "id": "https://redfinchadvisory.com/lexicon/model-risk-management",
 "slug": "model-risk-management",
 "prefLabel": "Model risk management",
 "altLabel": [
  "MRM",
  "AI risk officer"
 ],
 "hiddenLabel": [],
 "definition": "A risk discipline, set by bank regulators, that inventories, independently validates and monitors the models a bank relies on, so that a wrong or misused model does not cause losses.",
 "scopeNote": "",
 "tier": "reference",
 "group": "Oversight",
 "broader": [],
 "narrower": [],
 "related": [
  {
   "id": "https://redfinchadvisory.com/lexicon/ai-governance",
   "type": "confused"
  }
 ],
 "links": [
  {
   "id": "https://redfinchadvisory.com/lexicon/ai-inventory",
   "label": "relies on an",
   "direction": "out"
  }
 ],
 "modified": "2026-10-22",
 "markdown": "https://redfinchadvisory.com/lexicon/model-risk-management.md",
 "inScheme": {
  "id": "https://redfinchadvisory.com/lexicon",
  "version": "1.0",
  "currentAsOf": "2026-10-21"
 }
}