Responsible AI Isn't Optional: New Strategies for Risk Management Success with Rohan Sen
In this episode of Risk Management Brick by Brick, The Power of AI in Risk - Episode 7, host Jason Reichl sits down with Rohan Sen, Principal in Data Risk and Privacy Practice at PwC, to explore the critical intersection of AI innovation and risk management. They dive into how organizations can implement responsible AI practices while maintaining technological progress.
Responsible AI implementation requires a balanced approach between innovation and risk management in today's rapidly evolving business landscape.
In this episode of Risk Management Brick by Brick, The Power of AI in Risk - Episode 7, host Jason Reichl sits down with Rohan Sen, Principal in Data Risk and Privacy Practice at PwC, to explore the critical intersection of AI innovation and risk management. They dive into how organizations can implement responsible AI practices while maintaining technological progress.
What You'll Learn:
- How to define and implement responsible AI practices that enable innovation while managing risks effectively
- Why a multidimensional approach to AI risk management is essential, incorporating data, privacy, and cyber risk considerations
- The framework for evaluating AI risks across different business functions and departments
- How to manage third-party AI risks and maintain oversight of AI implementation in vendor solutions
- Why continuous monitoring and testing are crucial for AI systems, especially with non-deterministic technologies
- How to balance employee use of personal AI tools with corporate security requirements
- The importance of establishing uniform risk taxonomy while allowing for department-specific risk weightings
- Why companies should avoid blanket "no AI" policies and instead focus on structured risk assessment
To find out how TrustLayer manages risk so that people can build the physical world around us, head to
TrustLayer.io.
Podcast Host: Jason Reichl
Executive Producer: Don Halliwell
Episode Highlights:
- 00:00 - Intro & Welcome to Risk Management Brick by Brick
- 02:49 - Defining Responsible AI: Innovation with Control
- 08:11 - Third-Party AI Risk: Managing External Implementations
- 12:35 - Building a Uniform Risk Taxonomy Across Organizations
- 14:44 - Digitizing AI Risk Management: Beyond Spreadsheets
- 16:48 - Continuous Monitoring: Testing AI in Real-Time
- 19:44 - Personal vs Corporate AI Use: Setting Boundaries
- 21:25 - The Future of AI: Evolution or Revolution?
- 22:33 - Fun with Risk: Risky or Too Risky Game
- 24:25 - Final Thoughts: Fostering Innovation While Managing Risk
Episode Resources:
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