Feature
The use of artificial intelligence (AI) involves risk. The issue for risk management professionals is how to prepare for AI risk, recognize it and mitigate it. Risk management teams must learn both about the risks inherent in AI — and how to use AI as a tool in their roles. Here, we look at some of the top certifications in AI in the risk management field.
1. Certified NIST Artificial Intelligence Risk Management Framework 1.0 Architect
Certifying organization: Certified Information Security (CIS)
Skills learned: Knowledge and skills required to develop, manage, monitor and improve an AI risk management system conforming to NIST standards of best practice; expand risk management competency; covers context of AI risk management and the NIST AI RMF 1.0; governing AI risk, mapping AI risk, assessing and measuring AI risks and managing AI risks
Requirements: Be a member of CIS
Duration: 40 hours
Test: Yes
Cost: Currently $4,495
2. Optimizing Risk Management With Artificial Intelligence
Certifying organization: The Risk Management Society (RIMS)
Skills learned: Defining artificial intelligence; opportunities in the risk management process; building an AI road map; review the AI future and related programs
Requirements: RIMS education courses are designed primarily for risk and insurance professionals, but anyone who wants to learn about a specific topic of interest is encouraged to attend
Duration: Four hours
Cost: Currently $499 for RIMS members, $999 for non-members
3. Certified AI Security Risk Manager
Certifying organization: City Security and Resilience Networks Global Cyber Academy
Skills learned: Introduction to AI, robots, robotics and bots; AI, cybersecurity and cyber terrorism; risk management; threat intelligence and cyber threat intelligence; analyzing AI-enabled threats and risks; business continuity and incident response; laws, standards, compliance and ethics, including the proposed ISO/IEC 27090 (securing AI systems)
Duration: Eight hours
Test: Optional AI risk assessment exercise
Cost: Currently $524
4. AI Risks Management: A Comprehensive Guide for Businesses
Certifying organization: Udemy
Skills learned: Fundamentals of AI and its impact on businesses, identifying potential risks and benefits; categorizing AI-specific risks, like data integrity, bias, cybersecurity and legal concerns; developing strategies for risk mitigation, including avoidance, acceptance, monitoring and legal safeguards; ethical considerations; continuous risk assessment, scenario planning and multidisciplinary approaches; future challenges and emerging AI risks; implementing crisis communication plans; complying with regulations and industry standards for responsible AI adoption; and identifying, managing and navigating AI-related risks in diverse contexts
Duration: One-hour video
Cost: Currently $199.99
5. Risk and AI (RAI) Certificate
Certifying organization: Global Association of Risk Professionals
Skills learned: Evolution of AI and machine learning (ML) methodologies; AI tools and techniques; AI risks and risk factors; responsible and ethical AI; governance frameworks for ensuring AI is deployed responsibly within organizations
Duration: 100-130 hours
Test: In-person test at a Pearson test center
Webinar
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Cost: Currently $650
6. Certification in Generative AI in Risk and Compliance
Certifying organization: Global Skill Development Council (GSDC)
Skills learned: Risks in generative AI; security in GenAI; GenAI in compliance landscapes; grasping GenAI fundamentals; applying GenAI to risk management; developing a security and compliance program with GenAI; ethics and regulations in AI
Requirements: Knowledge in the field of risk and compliance
Duration: 10 hours
Test: Yes
Cost: Currently $400
7. AI Risk Management Professional Certification
Certifying organization: CertiProf Professional Knowledge
Skills learned: Based on the NIST AI Risk Management Framework (RMF); understand AI risk management fundamentals; identify AI risks; assess and measure AI risks; implement AI risk mitigation strategies; govern AI systems; enhance AI trustworthiness; apply AI RMF in various contexts; communicate AI risks
Duration: 16 hours
Test: Yes
Cost: Currently $99
8. Certified AI Risk Manager (CARM)
Certifying organization: Tonex
Skills learned: Foundations of AI and risk management; AI risk identification and assessment; AI risk mitigation and control; regulatory and compliance issues in AI; ethical considerations in AI risk management; AI risk communication and reporting; case studies and practical applications
Duration: Two days
Test: Yes
Cost: Currently $2,199; early bird pricing $1,699
9. The Art and Craft of AI for Business Resilience
Certifying organization: LinkedIn Learning
Skills learned: AI risk preparedness; resilience strategies for AI disruptions; AI’s rewards; your AI resilience road map; resilience as a catalyst; taught by John Maeda, vice president of AI and design at Microsoft
Duration: Four hours and 40 minutes
Cost: Currently free
10. Managing AI Security Risks With ISO 27001
Certifying organization: LinkedIn Learning
Skills learned: Introduction to ISO 27001 and AI; risk management in AI with ISO 27006; AI-specific security controls; ISO 27001 compliance for AI systems; future trends and evolving standards
Duration: Three hours and 31 minutes
Test: Chapter quizzes
Cost: Currently free
