Responsible AI Isn't Optional: New Strategies for Risk Management Success with Rohan Sen

Risk Management: Brick by Brick

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:

• TrustLayer – trustlayer.io
• PwC - pwc.com
• Rohan Sen’s LinkedIn

If you enjoyed this episode, please (with a cherry on top):

• Subscribe, rate, and review it on Apple Podcasts
• Follow TrustLayer on Spotify
• Tell a friend!
  

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:

• Managing Your Risk Portfolio with Seth Hausman
• Focusing on Specialization with Matthew Meyer
• Risk Management is Everywhere with Diana Rich

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest