Term Kind Topic What it is
Champion-Challenger Contamination Closed-Loop Evaluation Bias, Logged-Feedback Contamination concept Model Risk Management The condition where a model's offline evaluation data was generated by the model it is being compared against, so the metric rewards imitation and improves while live outcomes stay flat.
Model Inventory AI Register, Model Registry, Deployed Model Catalogue practice Model Risk Management A complete record of every model deployed in the organisation with its owner, purpose, risk tier and review date - the precondition for any AI governance, and the thing most organisations do not have.
Model Inventory Model Register, AI System Register practice Model Risk Management A maintained register of every model making or informing decisions - the prerequisite without which no other model governance control can be applied.
Model Risk Management MRM, SR 11-7 practice Model Risk Management The discipline of governing the risk that a model is wrong, is used incorrectly, or is applied outside the conditions it was built for.
Validated Envelope Model Use Envelope, Validation Boundary concept Model Risk Management The explicit conditions a model's validation actually covers - input schema, population, feature sources, thresholds, upstream versions - outside which the sign-off does not hold and the serving path must refu…