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Legal Disclaimer - Template Only

This checklist is a starting point template only. It is not legal or regulatory advice. Always have in-house legal/compliance review and adapt for your specific jurisdiction and regulatory requirements. Regulatory requirements vary by country, state, and industry. Consult qualified legal counsel before making compliance decisions.

Governance & Compliance Framework • Infinidatum Version 2.0.0

AI Governance Checklist Generator

Generate industry-specific AI governance checklists for Financial Services, Healthcare, and regulated industries. Regulatory compliance mapping and risk assessment.

Configuration

Configure your governance requirements

0%
Completion Rate
0 of 8 items completed

AI Governance Checklist

Industry-specific compliance and governance items

Progress by Category

Regulatory Compliance⚠️ 2 incomplete0/2
Data Governance⚠️ 1 incomplete0/1
Model Governance⚠️ 1 incomplete0/1
Risk Management⚠️ 2 incomplete0/2
Operational Risk⚠️ 1 incomplete0/1
Transparency⚠️ 1 incomplete0/1

Regulatory Compliance

Data Governance

Model Governance

Risk Management

Operational Risk

Transparency

📊Compliance Maturity: INITIAL (0%)

Minimal governance framework with significant compliance gaps

Next Steps:

  • →Urgent: Address critical regulatory compliance gaps
  • →Establish basic governance framework
  • →Develop compliance roadmap

Compliance Scores by Category

Gap Analysis (8 items)

Model Risk Management (MRM) Framework

Regulatory Compliance
CRITICAL PRIORITY

Establish MRM framework per OCC, FRB, and FDIC guidelines

Estimated Effort
Medium (1-2 months)
Regulatory Risk
HIGH
Remediation Steps:
  • •Review regulatory requirements
  • •Assess current compliance status
  • •Develop compliance plan
  • •Implement controls and monitoring

Fair Lending Compliance

Regulatory Compliance
CRITICAL PRIORITY

Ensure AI models comply with ECOA and Fair Lending Act

Estimated Effort
Medium (1-2 months)
Regulatory Risk
HIGH
Remediation Steps:
  • •Review regulatory requirements
  • •Assess current compliance status
  • •Develop compliance plan
  • •Implement controls and monitoring

Data Privacy (GLBA)

Data Governance
CRITICAL PRIORITY

Comply with Gramm-Leach-Bliley Act data privacy requirements

Estimated Effort
Low (1-2 weeks)
Regulatory Risk
HIGH
Remediation Steps:
  • •Assess current state
  • •Develop implementation plan
  • •Execute implementation
  • •Validate and monitor

Model Documentation

Model Governance
CRITICAL PRIORITY

Comprehensive documentation of model development, validation, and monitoring

Estimated Effort
Low (1-2 weeks)
Regulatory Risk
HIGH
Remediation Steps:
  • •Document model development process
  • •Establish model validation procedures
  • •Implement model monitoring
  • •Create model inventory and registry

Model Validation

Risk Management
CRITICAL PRIORITY

Independent model validation before deployment

Estimated Effort
Medium (1-2 months)
Regulatory Risk
HIGH
Remediation Steps:
  • •Conduct risk assessment workshop
  • •Document risks and mitigation strategies
  • •Establish risk monitoring processes
  • •Review and update quarterly

Bias Testing

Risk Management
CRITICAL PRIORITY

Regular bias testing and fairness assessment

Estimated Effort
Medium (1-2 months)
Regulatory Risk
HIGH
Remediation Steps:
  • •Conduct risk assessment workshop
  • •Document risks and mitigation strategies
  • •Establish risk monitoring processes
  • •Review and update quarterly

Business Continuity Planning

Operational Risk
CRITICAL PRIORITY

AI system resilience and disaster recovery plans

Estimated Effort
Medium (1-2 months)
Regulatory Risk
HIGH
Remediation Steps:
  • •Conduct risk assessment workshop
  • •Document risks and mitigation strategies
  • •Establish risk monitoring processes
  • •Review and update quarterly

Explainability Requirements

Transparency
CRITICAL PRIORITY

Model explainability for high-risk decisions

Estimated Effort
Low (1-2 weeks)
Regulatory Risk
HIGH
Remediation Steps:
  • •Assess current state
  • •Develop implementation plan
  • •Execute implementation
  • •Validate and monitor

Remediation Plan

Critical Regulatory Compliance

Timeframe: Months 1-3
8
Items
Estimated Effort
High (3 months, dedicated team)
Expected Outcomes:
  • ✓All regulatory requirements addressed
  • ✓Compliance framework established
  • ✓Risk of regulatory violations eliminated
  • ✓Documentation and processes in place

Regulatory Risk Assessment

OCC

0%
Compliance
Risk Level
HIGH
Missing Items
4 items
Critical Gaps:
Model Risk Management (MRM) Framework, Model Documentation, Model Validation (+1 more)
Recommendations:
  • •Urgent: Address 4 missing compliance items for OCC
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance

FRB

0%
Compliance
Risk Level
HIGH
Missing Items
4 items
Critical Gaps:
Model Risk Management (MRM) Framework, Model Documentation, Model Validation (+1 more)
Recommendations:
  • •Urgent: Address 4 missing compliance items for FRB
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance

FDIC

0%
Compliance
Risk Level
HIGH
Missing Items
1 items
Critical Gaps:
Model Risk Management (MRM) Framework
Recommendations:
  • •Urgent: Address 1 missing compliance items for FDIC
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance

ECOA

0%
Compliance
Risk Level
HIGH
Missing Items
2 items
Critical Gaps:
Fair Lending Compliance, Bias Testing
Recommendations:
  • •Urgent: Address 2 missing compliance items for ECOA
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance

Fair Lending Act

0%
Compliance
Risk Level
HIGH
Missing Items
1 items
Critical Gaps:
Fair Lending Compliance
Recommendations:
  • •Urgent: Address 1 missing compliance items for Fair Lending Act
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance

GLBA

0%
Compliance
Risk Level
HIGH
Missing Items
1 items
Critical Gaps:
Data Privacy (GLBA)
Recommendations:
  • •Urgent: Address 1 missing compliance items for GLBA
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance

FFIEC

0%
Compliance
Risk Level
HIGH
Missing Items
1 items
Critical Gaps:
Business Continuity Planning
Recommendations:
  • •Urgent: Address 1 missing compliance items for FFIEC
  • •Conduct compliance audit immediately
  • •Develop remediation plan with timeline
  • •Engage legal/compliance team for guidance