An AI model deployed for customer segmentation has been in production for three years. A risk review reveals no validation has occurred since initial deployment. Under SR 11-7 principles, what is the MOST appropriate immediate action?
Select an answer to reveal the explanation.
Short Explanation and Infographic
Here's the deal — b is correct because three years without validation for a deployed model is a material governance gap — the appropriate response is an out-of-cycle validation prioritized based on materiality to determine whether the model has drifted, become biased, or is otherwise no longer fit for purpose. A is premature without first assessing whether the model is performing adequately.
Full explanation below image
Full Explanation
B is correct because three years without validation for a deployed model is a material governance gap — the appropriate response is an out-of-cycle validation prioritized based on materiality to determine whether the model has drifted, become biased, or is otherwise no longer fit for purpose. A is premature without first assessing whether the model is performing adequately. C merely documents the gap without remediation. D is arbitrary and does not address the root cause.