AAIA AI Governance And Risk Practice Question
Which TWO of the following are typical 'Model Risk Management' (MRM) pillars?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Independent model validation
MRM is structured around independent validation and continuous monitoring.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Independent model validation
Why this is correct
Validation ensures models are fit for purpose.
- ✓
Ongoing monitoring of model performance
Why this is correct
Monitoring ensures long-term reliability.
- ✗
Designing office holiday parties
Why it's wrong here
This is outside of the scope of MRM.
- ✗
Negotiating salaries for the data scientists
Why it's wrong here
Salary negotiation is an HR task.
- ✗
Public relations management
Why it's wrong here
PR is not an MRM pillar.
About these practice questions
This AAIA question is part of Courseiva's 209-question bank — original exam-style content with full explanations and wrong-answer analysis, never real exam questions or exam dumps. Learn why practice questions differ from exam dumps →
JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed August 2026 · checked against the official ISACA exam blueprint
This AAIA practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the AAIA exam.