AI Hiring Glossary

AI Risk Management

AI Risk Management Program

Structured processes and governance to identify, assess, mitigate, and monitor risks associated with AI system deployment. Includes technical testing, bias audits, impact assessments, human oversight, incident response, and continuous monitoring.

Why This Matters for Employers

Colorado AI Act requires deployers to implement risk management policies for high-risk AI systems. NIST AI Risk Management Framework provides voluntary guidance. Effective risk management prevents algorithmic discrimination, ensures compliance, and limits liability exposure.

Related Laws & Regulations

Colorado AI Act
Colorado
NIST AI RMF
EU AI Act
European Union
Best practices

Examples in Practice

Establishing AI governance committee with oversight authority
Conducting pre-deployment impact assessments
Implementing continuous bias monitoring
Creating incident response plan for AI failures
Maintaining risk register of all AI systems

How EmployArmor Helps

Understanding AI Risk Management is just the first step. EmployArmor helps you implement compliance for all AI hiring regulations.

Compliance Assessment

Find out which laws apply to your AI hiring tools and what you need to do to comply.

Documentation Templates

Get ready-to-use templates for impact assessments, notifications, and audit preparation.