Glossary term
Glossary term
Governance and Compliance
The person accountable for managing a specific AI risk. The risk owner ensures treatment plans, evidence, monitoring, and escalation are maintained. A named risk owner prevents AI risks from being treated as abstract technology concerns and gives audit a clear accountable party for remediation and evidence.
Under SR 11-7, US banks designate model owners as the accountable risk owners with explicit responsibility for model performance and remediation.
Cigna's claims AI program assigned both a Chief Medical Officer and an operations executive as named risk owners after the 2023 ProPublica investigation surfaced systemic denials.
Microsoft's Responsible AI program names a Responsible AI Champion in each engineering team as risk owner for sensitive use cases, escalating to the Office of Responsible AI.