Record it in a risk register with owner and mitigations: To govern this responsibly, what should the company
An accepted residual risk should be documented in a risk register and tracked through the post-market monitoring plan.
The question
Before launching a resume-screening model, a company knowingly accepts a residual bias risk it could not fully eliminate and plans to keep watching it in production. To govern this responsibly, what should the company primarily do with that residual risk?
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- Remove all internal references to the residual risk so that documentation does not create discoverable evidence of a known weakness.Plausible as a defensive instinct, but concealing a known risk violates documentation obligations and undermines accountability.
- Delay the launch indefinitely until the residual bias risk can be reduced to exactly zero across every demographic group.Plausible as caution, but zero residual risk is rarely attainable, and the objective addresses documenting and monitoring residual risk, not eliminating it entirely.
- Transfer full responsibility for the residual risk to the individual hiring managers who ultimately review the model's screening output.Plausible as delegation, but shifting responsibility to end users does not document the risk or establish organizational monitoring of it.
- Record it in a risk register with owner and mitigations, and include it in the post-market monitoring plan for ongoing observation. ✓Correct because the objective calls for documenting risks and post-market monitoring plans, which is exactly how an accepted residual risk is governed.
The trap
Believing that documenting a known residual risk creates liability, so it is safer to omit it. How to remember it
An accepted residual risk should be documented in a risk register and tracked through the post-market monitoring plan.
How many of these would you get right?
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Every answer, right and wrong, comes with its own explanation.
