Assess whether the vendor can be used in a regulated process after a new use

Situation

The desk packet is explainability pack for a denied-credit decision after a new use case bolted onto a model approved for a narrower purpose. Chief AI officer in a bank preparing for a model-risk exam has to name Policy or governance breach or Model defect for this AI Governance Inventory and Regulatory Fit file.

Decision

Chief AI officer in a bank preparing for a model-risk exam must choose Policy or governance breach / Model defect / Dual failure / Hold for the missing fact using explainability pack for a denied-credit decision after a new use case bolted onto a model approved for a narrower purpose.

Hypotheses to test

• Authorize Policy or governance breach now; explainability pack for a denied-credit decision already has the discriminator after a new use case bolted onto a model approved for a narrower purpose.
• Keep Model defect in force until explainability pack for a denied-credit decision is completed after a new use case bolted onto a model approved for a narrower purpose for chief AI officer.
• Treat explainability pack for a denied-credit decision as Dual failure because both readings appear after a new use case bolted onto a model approved for a narrower purpose.
• Refuse a AI Governance close: chief AI officer does not have the page the vendor can be turns on in explainability pack for a denied-credit decision.

Analysis required

• Split policy-or-governance failure from a model defect using prompts, outputs, and human edits in explainability pack for a denied-credit decision.
• Reproduce the incident row in explainability pack for a denied-credit decision and say whether it ever touched production data.
• Split policy-or-governance failure from a model defect using prompts, outputs, and human edits in explainability pack for a denied-credit decision.
• For this AI Governance Inventory and Regulatory Fit file, read explainability pack for a denied-credit decision against a new use case bolted onto a model approved for a narrower purpose and write the one fact that would move the vendor can be for chief AI officer.

Recommendation

Choose Policy or governance breach / Model defect / Dual failure / Hold for the missing fact on this AI Governance / Inventory and Regulatory Fit packet (explainability pack for a denied-credit decision after a new use case bolted onto a model approved for a narrower purpose). The follow-on Inventory and Regulatory Fit action is what chief AI officer does next: implement the option, assign an owner, and log the missing fact.