Templates Compliance Regulatory AI Risk Assessment Template
Universal
Compliance Regulatory
Blank Document PRO
From Template
Upload Document Word (.docx) & Markdown files
PRO
Ready to Edit
AI Risk Assessment Template - Free Editor

AI RISK ASSESSMENT TEMPLATE

ASSESSMENT INFORMATION

Field Information
Organization [ORGANIZATION NAME]
AI System Name [SYSTEM NAME]
Assessment ID [ASSESSMENT-ID]
Assessment Date [DATE]
Assessor(s) [NAME(S) AND ROLE(S)]
Assessment Type ☐ Initial ☐ Periodic ☐ Change-Triggered ☐ Post-Incident
Version [VERSION]

EXECUTIVE SUMMARY

Overall Risk Rating

Rating Assessment
☐ Low Acceptable risk; proceed with standard controls
☐ Medium Moderate risk; implement enhanced controls
☐ High Significant risk; require senior approval and robust controls
☐ Critical Unacceptable risk; do not proceed without substantial changes

Key Risk Summary

Risk Category Count Highest Severity
Technical Risks [#] ☐ Critical ☐ High ☐ Medium ☐ Low
Ethical Risks [#] ☐ Critical ☐ High ☐ Medium ☐ Low
Legal/Compliance Risks [#] ☐ Critical ☐ High ☐ Medium ☐ Low
Operational Risks [#] ☐ Critical ☐ High ☐ Medium ☐ Low
Reputational Risks [#] ☐ Critical ☐ High ☐ Medium ☐ Low

Top Risks

  1. [RISK 1]: [BRIEF DESCRIPTION]
  2. [RISK 2]: [BRIEF DESCRIPTION]
  3. [RISK 3]: [BRIEF DESCRIPTION]

SECTION 1: AI SYSTEM CONTEXT

1.1 System Overview

Field Description
System Name [NAME]
System Type [CLASSIFICATION/PREDICTION/GENERATION/ETC.]
Business Purpose [DESCRIBE]
Deployment Status ☐ Development ☐ Testing ☐ Production ☐ Retired
System Owner [NAME, ROLE]

1.2 Regulatory Classification

Framework Classification
EU AI Act ☐ Prohibited ☐ High-Risk ☐ Limited Risk ☐ Minimal Risk
Colorado AI Act ☐ High-Risk ☐ Not High-Risk
Internal Classification ☐ Critical ☐ High ☐ Medium ☐ Low

1.3 Stakeholders

Stakeholder Interest Impact Level
[STAKEHOLDER 1] [INTEREST] ☐ High ☐ Medium ☐ Low
[STAKEHOLDER 2] [INTEREST] ☐ High ☐ Medium ☐ Low
[STAKEHOLDER 3] [INTEREST] ☐ High ☐ Medium ☐ Low

1.4 Deployment Context

Factor Description
Geographic Scope [REGIONS]
User Population [DESCRIPTION AND SIZE]
Integration Points [SYSTEMS INTEGRATED WITH]
Decision Types [DECISIONS SUPPORTED/MADE]
Automation Level ☐ Fully Automated ☐ Human-Assisted ☐ Human-in-the-Loop

SECTION 2: RISK IDENTIFICATION

2.1 Technical Risks

ID Risk Description Likelihood Impact Risk Level
T1 Model Accuracy Degradation [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T2 Model Drift [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T3 Data Quality Issues [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T4 System Failures [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T5 Scalability Limits [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T6 Integration Failures [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T7 Adversarial Attacks [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
T8 [ADDITIONAL] [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]

2.2 Ethical and Fairness Risks

ID Risk Description Likelihood Impact Risk Level
E1 Algorithmic Bias [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E2 Discrimination [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E3 Lack of Transparency [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E4 Privacy Violations [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E5 Autonomy Undermining [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E6 Harmful Outputs [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E7 Misinformation [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
E8 [ADDITIONAL] [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]

2.3 Legal and Compliance Risks

ID Risk Description Likelihood Impact Risk Level
L1 EU AI Act Non-Compliance [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L2 State AI Law Non-Compliance [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L3 Data Protection Violations [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L4 IP Infringement [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L5 Consumer Protection Issues [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L6 Employment Law Violations [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L7 Sector-Specific Regulations [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
L8 [ADDITIONAL] [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]

2.4 Operational Risks

ID Risk Description Likelihood Impact Risk Level
O1 Human Oversight Failures [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
O2 Skills/Training Gaps [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
O3 Process Failures [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
O4 Vendor/Third-Party Risks [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
O5 Change Management Failures [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
O6 Business Continuity Risks [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
O7 [ADDITIONAL] [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]

2.5 Reputational and Strategic Risks

ID Risk Description Likelihood Impact Risk Level
R1 Public Trust Damage [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
R2 Media Attention [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
R3 Customer Backlash [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
R4 Competitive Disadvantage [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]
R5 [ADDITIONAL] [DESCRIPTION] ☐ H ☐ M ☐ L ☐ H ☐ M ☐ L [LEVEL]

SECTION 3: RISK ANALYSIS

3.1 Risk Scoring Matrix

Impact ↓ / Likelihood → Low Medium High
High Medium High Critical
Medium Low Medium High
Low Low Low Medium

3.2 Detailed Risk Analysis

Risk ID: [ID]

Aspect Analysis
Risk Title [TITLE]
Category [CATEGORY]
Description [DETAILED DESCRIPTION]
Root Causes [CAUSES]
Affected Stakeholders [STAKEHOLDERS]
Potential Consequences [CONSEQUENCES]
Likelihood Assessment ☐ High ☐ Medium ☐ Low
Impact Assessment ☐ High ☐ Medium ☐ Low
Inherent Risk Level [LEVEL]
Existing Controls [CONTROLS]
Control Effectiveness ☐ Effective ☐ Partial ☐ Ineffective
Residual Risk Level [LEVEL]

[REPEAT FOR EACH SIGNIFICANT RISK]

SECTION 4: RISK TREATMENT

4.1 Risk Treatment Options

Option Description When to Use
Avoid Eliminate the risk by not proceeding Unacceptable risk, no viable controls
Mitigate Implement controls to reduce likelihood/impact Risk can be reduced to acceptable level
Transfer Shift risk to third party (insurance, contracts) Risk better managed by others
Accept Acknowledge risk without additional action Low risk or cost of control exceeds benefit

4.2 Risk Treatment Plan

Risk ID Treatment Actions Owner Deadline Status
[ID] ☐ Avoid ☐ Mitigate ☐ Transfer ☐ Accept [ACTIONS] [OWNER] [DATE] [STATUS]
[ID] ☐ Avoid ☐ Mitigate ☐ Transfer ☐ Accept [ACTIONS] [OWNER] [DATE] [STATUS]
[ID] ☐ Avoid ☐ Mitigate ☐ Transfer ☐ Accept [ACTIONS] [OWNER] [DATE] [STATUS]

4.3 Control Requirements

Risk ID Required Controls Implementation
[ID] [CONTROLS] [DETAILS]
[ID] [CONTROLS] [DETAILS]

SECTION 5: RISK MONITORING

5.1 Key Risk Indicators (KRIs)

KRI Risk(s) Monitored Threshold Frequency
[KRI 1] [RISKS] [THRESHOLD] [FREQUENCY]
[KRI 2] [RISKS] [THRESHOLD] [FREQUENCY]
[KRI 3] [RISKS] [THRESHOLD] [FREQUENCY]

5.2 Monitoring Schedule

Activity Frequency Responsible
KRI monitoring [FREQUENCY] [ROLE]
Control effectiveness review [FREQUENCY] [ROLE]
Risk reassessment [FREQUENCY] [ROLE]
Stakeholder reporting [FREQUENCY] [ROLE]

5.3 Escalation Triggers

Trigger Action Escalate To
KRI breach [ACTION] [ROLE]
New risk identified [ACTION] [ROLE]
Control failure [ACTION] [ROLE]
Incident occurs [ACTION] [ROLE]

SECTION 6: APPROVAL

6.1 Risk Acceptance

Residual Risk Accepted By Rationale
[RISK] [NAME, ROLE] [RATIONALE]

6.2 Assessment Approval

Role Name Signature Date
Assessor
Risk Owner
Compliance
Executive Sponsor

6.3 Conditions for Approval

☐ All critical and high risks have treatment plans
☐ Residual risks are within risk appetite
☐ Required controls are implemented/planned
☐ Monitoring is established
☐ [ADDITIONAL CONDITIONS]

APPENDIX A: RISK REGISTER

[COMPLETE RISK REGISTER IN TABULAR FORMAT]

APPENDIX B: CONTROL INVENTORY

[LIST OF ALL CONTROLS MAPPED TO RISKS]

APPENDIX C: ASSESSMENT METHODOLOGY

[DESCRIBE METHODOLOGY USED]

This AI Risk Assessment Template is provided for informational purposes. Organizations should customize based on their specific context and risk management framework.

AI Legal Assistant
$49 one-time

Need help customizing this document?

Get 3 days of intelligent editing. Tailor every section to your specific case.

See how AI customizes your document (DEMO)

AI Risk Assessment Template
All changes saved
Save
Export
Export as DOCX
Export as PDF
Generating PDF...
ai_risk_assessment_template_universal.pdf
Ready to export as PDF or Word
AI is editing...

AI RISK ASSESSMENT TEMPLATE

GENERAL TEMPLATE

Effective Date: [DATE]
Party A: [PARTY A NAME]
Address: [PARTY A ADDRESS]
Party B: [PARTY B NAME]
Address: [PARTY B ADDRESS]
Governing Law: [GOVERNING STATE]
This document is entered into by and between [PARTY A NAME] and [PARTY B NAME], effective as of the date set forth above, subject to the terms and conditions outlined herein and the laws of [GOVERNING STATE].
Chat
Review

Customize this document with Ezel

$49 one-time · No subscription

  • AI-Powered Editing
    Tell the AI what to change and watch it edit your document in real time.
  • 3 Days of Access
    Revise as many times as you need. Download as Word or PDF.
  • State-Specific Law
    AI understands your jurisdiction's legal requirements.
Secure checkout via Stripe
Need to customize this document?

Related Legal Templates

More Compliance Regulatory Templates

ADA Compliance Audit Checklist - Physical Facilities ADA Demand Letter - Title III Public Accommodation ADA Policy Template - Employer Disability Nondiscrimination ADA Settlement Agreement - Public Accommodation Accessibility ADA Title III Complaint - Public Accommodation Discrimination AI Bias Assessment Template Browse all

Do more with Ezel

This free template is just the beginning. See how Ezel helps legal teams draft, research, and collaborate faster.

AI Document Editor

AI that drafts while you watch

Tell the AI what you need and watch your document transform in real-time. No more copy-pasting between tools or manually formatting changes.

  • Natural language commands: "Add a force majeure clause"
  • Context-aware suggestions based on document type
  • Real-time streaming shows edits as they happen
  • Milestone tracking and version comparison
Learn more about the Editor
AI Chat for legal research
AI Chat Workspace

Research and draft in one conversation

Ask questions, attach documents, and get answers grounded in case law. Link chats to matters so the AI remembers your context.

  • Pull statutes, case law, and secondary sources
  • Attach and analyze contracts mid-conversation
  • Link chats to matters for automatic context
  • Your data never trains AI models
Learn more about AI Chat
Case law search interface
Case Law Search

Search like you think

Describe your legal question in plain English. Filter by jurisdiction, date, and court level. Read full opinions without leaving Ezel.

  • All 50 states plus federal courts
  • Natural language queries - no boolean syntax
  • Citation analysis and network exploration
  • Copy quotes with automatic citation generation
Learn more about Case Law Search

Ready to transform your legal workflow?

Join legal teams using Ezel to draft documents, research case law, and organize matters — all in one workspace.

Customize This Document — $49 Full Platform — $249/mo
Request a Demo