AI Risk Management and Compliance Process Playbook

This detailed playbook provides compliance officers, risk analysts, and project managers with a structured framework for managing AI risk and compliance within an organisation.
It includes:
– Step-by-Step Process Flow: Outlines essential subprocesses such as Risk Identification, Mitigation Planning, Compliance Monitoring, and Continuous Improvement, with clear actions, decision points, and feedback mechanisms to ensure risks are identified, mitigated, and monitored effectively, ensuring adherence to legal and regulatory requirements.
– RACI Framework: Clearly defines roles and responsibilities for each task in the risk management process, ensuring that project managers, risk analysts, compliance officers, and stakeholders are accountable and engaged at every stage, promoting a transparent and proactive approach to AI risk management and compliance.