AI Model Risk Management
How to implement AI model risk management: risk classification, EU AI Act Article 9 requirements, risk assessment, mitigation, and ongoing monitoring.
AI model risk management is the structured process of identifying, assessing, mitigating, and monitoring the risks associated with AI system development and deployment.
EU AI Act Article 9 requires providers of high-risk AI systems to implement a risk management system that is ongoing throughout the lifecycle of the system.
Effective model risk management integrates with broader enterprise risk frameworks — covering technical risk (model failure, performance degradation), compliance risk (regulatory breaches), and operational risk (misuse, unintended consequences).
EU AI Act Article 9 Requirements
Article 9 mandates that providers establish, implement, document, and maintain a risk management system. The system must identify and analyze known and foreseeable risks, evaluate risks under foreseeable conditions, and implement risk management measures.