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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: AI Risk Program Management | 42% | - AI risk monitoring and continuous improvement - AI governance communication and reporting - Enterprise AI risk program design - AI risk assessment and treatment strategies |
| Topic 2: AI Life Cycle Risk Management | - AI development, deployment, and monitoring risks - AI bias, drift, transparency, and control evaluation - AI model and data risk identification | |
| Topic 3: AI Risk Governance and Framework Integration | 37% | - AI Organizational Processes and Alignment - AI Ownership, Oversight, and Accountability - AI Models, Frameworks, Strategies, and Use Cases |
1. An organization plans to procure an AI model from a third-party supplier for a critical business function.
Which of the following is MOST important to evaluate during supplier vetting?
A) Alignment with specific use cases
B) Emphasis on innovative solutions
C) Industry-recognized certifications
D) Size of model training datasets
2. Which of the following is the GREATEST organizational risk when AI performance alerts are not escalated to decision-makers for review and decisioning?
A) Excessive cost and resource allocation due to redundant mitigation activities
B) Inadequate representation of AI operational risk in governance reporting
C) Business disruption due to delayed remediation of unstable AI behavior
D) Loss of traceability from insufficient model decision logging
3. Which of the following is the PRIMARY benefit of integrating AI-driven business intelligence into enterprise risk processes?
A) Reduced costs through elimination of redundant business risk oversight mechanisms
B) Automated production of technical performance reports for AI business tools
C) Enhanced alignment of analysis outputs with organizational risk thresholds
D) Centralized governance of AI inventory and classification activities
4. Which of the following is the PRIMARY benefit of integrating AI risk processes into an enterprise risk framework?
A) Improved compliance with regulatory requirements
B) Organization-level oversight and strategic alignment
C) Rapid identification of cyber threats and risks
D) More accurate benchmarking of AI key performance indicators (KPIs)
5. 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) Concept drift leading to faulty decisions
C) Underfitting resulting from shortened training cycles
D) Technical delays affecting credit score updates
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |
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