AI Governance & Risk Advisory for Financial Institutions
Build the Program Before the Exam Asks for It
Confidence for examiners. Clarity for the board. A program designed to hold up.
Advisory Services
Building a credible AI program is not a technology project. It is a governance and risk management initiative that involves technology. The institutions that get this right, an inventory, a policy, a governance structure, documented oversight, and a realistic risk assessment, are the ones that walk into examinations with answers instead of exposure.
Insight Risk Consulting, AuditOne’s advisory practice, provides the program development, risk assessment, and governance advisory services that help financial institutions build AI programs designed to withstand regulatory scrutiny, and operational reality.
AI Program Development
End-to-end advisory support for institutions building an AI governance program from the ground up: inventory methodology, policy framework, governance structure, approval workflow, and ongoing oversight process. Designed to current regulatory expectations and scalable to the institution’s size and complexity.
AI Risk Assessment
A structured assessment of AI-related risks across the institution, existing AI use, planned implementations, vendor AI, and employee-adopted tools, with a risk-rated findings report and a prioritized remediation roadmap.
AI Policy Development
Development of a board-approvable AI use policy, including acceptable use guidelines, prohibited uses, employee guidance, vendor AI requirements, and escalation protocols. Aligned to current regulatory expectations from the OCC, Federal Reserve, FFIEC, and CFPB.
AI Governance Framework Design
Design of the management-level governance structure for AI: committee charter, ownership accountabilities, new tool approval workflow, and escalation protocols for AI-related incidents, model failures, or adverse outcomes.
Regulatory Readiness Assessment
A pre-examination review of the institution’s AI program against current supervisory expectations, with a gap report and a prioritized remediation plan. Designed to give management and the board a clear picture before an examiner does.
AI Vendor Due Diligence Support
Advisory support for evaluating AI-enabled vendor products: contract review for AI provisions, risk assessment, due diligence questionnaire development, and ongoing monitoring framework design.
AI Incident Response Planning
Development of AI-specific incident response protocols, including response procedures for AI model failures, AI-enabled fraud events, adverse outcome identification, and AI-related data incidents.
A Note on Audit Independence
Insight Risk Consulting is AuditOne’s advisory practice. Advisory and audit engagements are structured and managed in accordance with IIA Global Internal Audit Standards to protect the independence of the audit function.
Institutions receiving advisory services from Insight Risk Consulting can continue to receive independent audit services through AuditOne, subject to appropriate engagement scoping and disclosure at the audit committee level. We address independence considerations at the engagement planning stage, not after the fact.
Where a potential independence impairment exists, we will tell you directly and recommend an appropriate structure. Our interest is in serving your institution correctly, not in maximizing engagement scope at the expense of audit independence.
