Learn about :

The impact of AI in the Compliance and Risk domain   

• Introducing  AI and ML
• Types of AI relevant for Compliance (Predictive, Generative, Conversational)
• Human in-the-loop process
• AI an enabler mindset.

What specific use cases, and the benefits         

• Regulatory compliance (parsing, tagging)
• Policy and controls design efficacy
• Contract Compliance
• Compliance risk assessment
• Third party risk management
• Information Security
• Interconnected and linked compliance artifacts.

‍People Challenges you expect to meet                

• Governance - AI requires oversight from multiple groups to ensure good governance.  
• Roles/Job changes – with AI, the responsibilities of professionals will likely change – tasks that may have taken weeks are now completely in minutes
• Partners that have been conducting advisory services may also see the scope of their work change.   
• IT/Security is often at the centre of AI strategy and architecture, as they begin to orchestrate solutions across multiple business units, geographies, and customer groups. 

‍Advice to Get Started                                              

• Start Slow and Steady – increase with the speed of Imagination – AI can bring you benefits in ways you can’t always imagine at the beginning!
• Build an AI Strategy – be thoughtful and involve the right people to contribute and review – make it a living document, principles-based
• Identify high-priority use cases where the benefits are strong and clear so that people can get behind success, and know what it means to them and the organization
• Know your data – what can be transformed into information,  what your data quality is and how to improve it. This may require new talent and data scientist/analyst skills
• Prepare properly for business and HR changes in roles – get in front of it
• Define an agile but effective governance process – don’t get bogged down! Invite those who are interested in the conversation and the process
• Do let your partners, customers and regulators know what your AI strategy and plans are
• Be prepared for bumps from the unforeseen – innovation is fabulous, but it may require fast adaptative when there are outcomes not expected. 

The #RISK AI series of in-person and digital events features thought leaders, industry experts and senior professionals from world- renowned organisations sharing their knowledge, and experience, examining case studies within a real-world context, and providing insightful, actionable content to an audience of end user professionals