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AI Risk Management

What is AI Risk Management?

The process of identifying, assessing, and mitigating risks associated with AI systems. The NIST AI Risk Management Framework provides a structured approach organised around four functions: Govern, Map, Measure, and Manage.

AI & Technology

Each of these is named in at least one of the same controls as ai risk management. The number is how many controls name both.

What the standards actually require on ai risk management

Requirements naming ai risk management across 6 standards, quoted from the control text.

AI risk management serves the organization's needs through an approach that is integrated, structured and comprehensive, looks at the whole system with every technology, function and effect on the environment and stakeholders, and accepts that AI can bring ris...

iso-iec-23894-2023::4 · Principles of AI risk management →

Create and document (a) a risk management framework that addresses the specific characteristics and risks of AI systems; (b) organisation-level risk tolerance and criteria for acceptable and unacceptable risk in developing and deploying AI, including the signi...

australia-guidance-for-ai-adoption-2025::3.1.1 · 3.1.1 Create an AI risk management framework, risk criteria and assessment processes →

The organization’s personnel and partners receive AI risk management training to enable them to perform their duties and responsibilities consistent with related policies, procedures, and agreements.

AIRMF-GV-2.2 · The organization's personnel and partners receive AI risk management training to enable them to perform their duties and responsibilities consistent with related policies, procedures, and agreements →

Foster a positive risk culture in which open, proactive AI risk management is part of everyday practice, uncertainties and opportunities are discussed openly, staff are encouraged to raise concerns, and processes exist to escalate to the right accountable part...

australia-national-framework-for-the-assurance-of-ai-in-government-2024::8.3 · 8.3 Embed a positive risk culture →

A developer/deployer has an affirmative defense if it discovers and cures a violation through internal testing/red-teaming and is otherwise in compliance with the latest NIST AI Risk Management Framework, ISO/IEC 42001, or another nationally/internationally re...

CO-AIA-1705 · Affirmative Defense and Recognised Frameworks →
HKMA TM-G-11 control

HKMA TM-G-1 coordination + 2024-2025 pipeline. COORDINATION WITH HKMA FRAMEWORKS: (a) HKMA SPM UMBRELLA (separately referenced) - TM-G-1 is one of 60+ SPM modules; SPM provides overall framework + supervisory expectations;

HKMA-TMG1-Coord-SPM-CRAF-Basel-FSB-2024-2025-Pipeline · TM-G-1 Coordination with HKMA SPM, C-RAF v2.0, Basel III, FSB, ISO 27001, NIST CSF and 2024-2025 Pipeline →

Questions people ask about ai risk management

What is AI Risk Management?
The process of identifying, assessing, and mitigating risks associated with AI systems. The NIST AI Risk Management Framework provides a structured approach organised around four functions: Govern, Map, Measure, and Manage.
Why is AI Risk Management important for compliance?
AI Risk Management is a key concept in AI & Technology. Understanding ai risk management helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 1,016 frameworks with 316K cross-framework control mappings.
Which compliance frameworks address AI Risk Management?
AI Risk Management appears in the requirement text of ISO/IEC 23894:2023, Australia Guidance for AI Adoption (2025), NIST AI Risk Management Framework (AI RMF 1.0), Australia National Framework for the Assurance of AI in Government (2024), Colorado Artificial Intelligence Act (proposed SB 24-205). Across these standards we have identified 10 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about AI Risk Management?
Explore our compliance framework pages to see how ai risk management applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 1,016 frameworks.

See how AI Risk Management applies across compliance frameworks

Our platform maps 1,016 frameworks with 316K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.