AI Governance - Risk Assessment Page

This guide shows how to quickly assess and manage AI system risk across inherent and residual scores, highlighting the highest-risk systems and why they’re risky. It explains how controls and governance reduce residual risk, how to read system-level details (use cases, data, harm potential, controls %, last reviewed), and how to adjust ratings with required rationale. It also covers the change history so you can track who changed what and when.

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From the AI Governance module, click on the Risk Assessment page.

Overview

This page displays high-level risk summaries and system breakdowns across inherent and residual risk scores.

This section ranks the top three AI systems by residual risk after factoring in applied risk corrections.

Each card details system use case types, data touchpoints, harm potential, residual risk, and vendor controls.

Review the Governance Controls card to evaluate institutional control maturity. The weighted maturity score accounts for partial yes, no, and non-applicable responses to lower overall residual risk.

The Risk by System section provides a list of Systems, Use Case Types, Data used, Harm Potential, Inherent Risk, Controls percentage, Residual Risk, and Last Reviewed dates.

Inherent risk is derived from use case types, sensitive data access, or harm potential.

The Controls percentage indicates the proportion of required vendor controls implemented.

Residual risk measures remaining risk after vendor and governance controls are applied.

The Last Reviewed timestamp indicates when each system underwent its most recent evaluation.

Adjust the Risk

Click on applicable system in the Risk by System table.

Review the Analysis Correction Factor panel.

To adjust a rating, click the desired rating under Inherent Risk. Selecting a different risk level recalculates the system's adjusted risk score immediately. A reason for adjustment will be required.

History Tab

Click the History tab at the top right of the side panel.

The history view records every change made to the system's risk assessment.

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