Rivac LabsAI Risk Assessment & Model Risk Management
When an AI system is making or influencing consequential decisions — credit, hiring, medical triage, safety — an informal sense that 'it seems to work fine' isn't risk management, it's exposure waiting to surface. We build structured risk registers and model-risk governance processes specifically for AI systems, identifying failure modes, quantifying their business and legal impact, and defining ongoing monitoring and controls. This draws on established model risk management discipline from regulated industries like banking, adapted for the realities of LLM and ML-based systems. Clients use this to know, in specific and documented terms, where their AI systems could fail and what's being done about it, before a regulator or a plaintiff's attorney asks the same question.
How We’d Approach This
A clear, staged plan — not a black box
- 1
Inventory AI systems currently deployed or planned, and identify which are making or influencing consequential decisions
- 2
Assess failure modes for each system and quantify the business, legal, and reputational impact
- 3
Build a structured risk register with defined owners, monitoring triggers, and mitigation controls per risk
- 4
Establish an ongoing model risk review cadence so the register stays current as systems change
What You Get
Deliverables from this engagement
- Structured AI risk register scored by likelihood and impact
- Model risk governance process with defined ownership and review cadence
- Monitoring and control recommendations per identified risk
- Documentation package suitable for regulatory or audit review
Six Ways We Could Architect This
Different engagement, different build — pick the shape that fits
There’s more than one way to deliver on this service. Browse a few of the ways we’d structure the work, depending on your speed, budget, and integration needs.
Ready to get started?
Tell us what you’re trying to get done and we’ll help you find the highest-leverage place to start — scoped small enough to prove itself before you commit to anything bigger.
Talk to us about AI Risk Assessment & Model Risk ManagementMost engagements like this start as a $500–$2,500 pilot — see full pricing.