Illustrative Risk and Controls Guide for AI Deployment

This guide serves as a resource for managing AI risks and controls, specifically designed for leaders in risk management, technology, compliance, and legal sectors. It outlines the importance of establishing a robust risk management framework to ensure the responsible and ethical deployment of artificial intelligence (AI) systems. The guide emphasizes the need for organizations to ground their AI initiatives in trust and to navigate the complexities associated with AI adoption. It details a structured approach aligned with the KPMG Trusted AI framework, which incorporates leading AI frameworks and regulations such as ISO 42001 and the NIST AI risk management framework. The document provides illustrative examples of potential control considerations that organizations can implement to mitigate AI-specific risks. It encourages users to integrate these considerations with existing risk management frameworks to achieve a comprehensive view of risks across their operations. The guide ultimately aims to assist organizations in driving innovation while managing AI-related challenges effectively.