AI Risk Management for Financial Institutions: Building Defensible Governance for Vendor-Driven AI
by Barry A. Salas
Introduction
Building an AI governance program at a credit union is not work that comes with a roadmap. When AI capabilities began appearing across my institution, embedded in vendor platforms, adopted informally by staff, arriving through routine software updates, I searched for practical guidance written for institutions like mine: small teams, constrained resources, and a regulatory environment that was asking increasingly specific questions we had no formal framework to answer. I found frameworks designed for enterprise AI development teams and academic analyses of risks we were not yet equipped to manage. What I did not find was a practitioner’s guide for the information security and risk professional at a community financial institution ...
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