AI Risk Assessment Guide (Free)
A free introductory guide to AI risk assessment for financial services teams.
About This Template
Get started with AI risk management using this free guide. Covers key concepts, frameworks, and practical considerations for identifying and managing AI-related risks in regulated financial institutions.
Whether you're a compliance officer getting your first AI-related question from a bank partner, or a risk manager trying to figure out what "AI governance" actually means in practice — this guide gives you the vocabulary, the frameworks, and a clear next step. No fluff, no theory-for-theory's-sake.
Who Is This For?
- → You're a compliance officer getting your first AI-related question from a bank partner or examiner
- → You're a risk manager trying to understand what "AI governance" actually means in practice
- → Your team is using AI tools but you have no formal risk process or vocabulary for discussing it
- → You need to build credibility on AI risk before choosing a paid tool or framework
What's Included
- AI risk fundamentals overview
- Key risk categories and considerations
- Practical getting-started guidance
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Frequently Asked Questions
What does this guide actually cover?
It covers key AI risk concepts — model bias, data quality, explainability, third-party AI, and regulatory expectations — with a focus on what's relevant for regulated financial institutions. It's vocabulary and frameworks, not a full governance program.
Does this guide reference SR 11-7 and the NIST AI RMF?
Yes. The guide maps key concepts to SR 11-7 model risk guidance and emerging AI governance frameworks including NIST AI RMF and the OCC's AI guidance. It's written for compliance and risk professionals, not data scientists.
My company only uses off-the-shelf AI tools from vendors — is this still relevant?
Absolutely. Third-party AI tools carry significant risk — vendor model bias, data handling practices, explainability gaps. The guide covers what questions to ask vendors and what your bank partner will expect you to have evaluated.
What's the difference between this free guide and the paid AI Risk Assessment Template?
This guide is conceptual: it builds the vocabulary and frameworks you need to understand AI risk. The paid AI Risk Assessment Template ($49) is operational: it gives you a model inventory, pre-deployment checklist, bias evaluation tools, and a third-party AI vendor questionnaire you can use immediately.
Who at my fintech should read this?
Compliance officers getting their first AI question from a bank partner or examiner, risk managers being asked to build an AI governance program, and product or tech leads who need to understand what the compliance team will eventually require of them.
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