CERP Practice Questions - Certified Enterprise Risk Professional (CERP) Exam

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Model risk is growing because the same scoring model is now being reused across lending, collections, and marketing, but each team identifies risk separately. What is the key identification weakness?

Separate identification can miss enterprise-wide dependence on one model Model reuse always reduces risk through standardization Only the collections team needs to identify model risk Marketing use of a model is never a risk concern

Correct Answer:

Separate identification can miss enterprise-wide dependence on one model

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