The model or system owner: Which stakeholder is typically assigned this responsibility?

The model or system owner is typically responsible for a specific model's documentation and risk controls.

The question

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1. The model or system owner, who is accountable for that particular model's documentation, risk controls and ongoing fitness throughout its operational life. ✓

   Correct: per-model documentation and control responsibility rests with the designated model or system owner.
2. The board of directors, which sets overall risk appetite and strategic direction but does not maintain documentation or controls for any individual production model.

   Plausible but wrong: the board governs at a strategic level, not at the level of a single model's documentation.
3. The end user of the model's outputs, who consumes and acts on results but is not positioned to maintain the model's technical documentation or risk controls.

   Plausible but wrong: end users interact with outputs and do not own model documentation.
4. The data protection officer, who advises on privacy compliance across the organization but is not the accountable owner of each model's overall risk controls.

   Plausible but wrong: the DPO advises on privacy, not general per-model documentation and control ownership.

How to remember it

The model or system owner is typically responsible for a specific model's documentation and risk controls.

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