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| Section | Weight | Objectives |
|---|---|---|
| AI Risk Governance and Framework Integration | 37% | - AI Ownership, Oversight, and Accountability - AI Models, Frameworks, Strategies, and Use Cases - AI Organizational Processes and Alignment |
| AI Risk Program Management | 42% | - AI risk assessment and treatment strategies - AI governance communication and reporting - AI risk monitoring and continuous improvement - Enterprise AI risk program design |
| AI Life Cycle Risk Management | - AI development, deployment, and monitoring risks - AI bias, drift, transparency, and control evaluation - AI model and data risk identification |
1. AI tools can BEST help to mitigate supply chain risk by:
A) performing sentiment analysis on supplier reputation and reviews.
B) automating routine inventory management tasks.
C) enhancing predictive capabilities to identify potential disruptions.
D) identifying historical physical and logical security control gaps.
2. An organization depends on multiple external suppliers for AI models and training datasets. Which of the following is MOST important to have in place in order to reduce supply chain risk?
A) Standard indemnity clauses in vendor contracts to assign liability responsibilities
B) Appointment of a vendor risk manager with AI expertise to serve as a single point of contact
C) Verifiable end-to-end provenance and audit trails for externally sourced artifacts
D) Requirement for vendors to provide documentation of model training methods used
3. Which of the following is the PRIMARY benefit of aligning AI risk management with existing organizational governance frameworks?
A) It emphasizes the development of specialized functional roles and clarifies AI risk responsibility boundaries.
B) It expedites approval processes for compliance with AI laws and regulations.
C) It standardizes AI acquisition processes across organizational business units.
D) It promotes consistent enterprise-level oversight of AI activities and aligns decisioning with strategic objectives.
4. A credit-scoring AI solution exhibits steadily declining accuracy despite unchanged input distributions.
Which of the following should a risk practitioner consider to be the GREATEST risk?
A) Increased model retraining costs
B) Underfitting resulting from shortened training cycles
C) Technical delays affecting credit score updates
D) Concept drift leading to faulty decisions
5. An organization is integrating AI systems into core business operations and has decided to establish a formal process to align AI initiatives with corporate values. Which of the following is the GREATEST benefit of this decision?
A) Return on investment (ROI) for new AI services can be evaluated more accurately.
B) Executive support for technical training and upskilling related to AI can be more effectively obtained.
C) Ethical principles can be added to AI development and usage after deployment.
D) The transparency and explainability of AI model decisions is enhanced for all stakeholder groups.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |
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