Workshop on the EU harmonized rules on Artificial Intelligence 2021/0106 Compliance and AI risk management

What?

The EU harmonized rules on Artificial Intelligence 2021/0106 is the first comprehensive legislation which aims to establish a legal framework for AI use within the EU and covers a wide range of AI applications, including those used in critical sectors like finance. The regulation addresses issues related to AI safety, accountability, transparency, and compliance with ethical standards. It also defines various risk categories for AI systems. This workshop offers a comprehensive review of the proposed law, ensuring a clear grasp of its requirements and equipping banks and financial institutions with the means to achieve compliance. Beyond comprehension, our program empowers participants with the knowledge necessary to actively support compliance efforts. We will delve into the underlying intentions and guiding principles of the law, fostering a deeper understanding that, in turn, enables stakeholders to formulate effective compliance strategies.

Who?

• Risk managers and analysts
• Compliance officers and analysts
• Data governance officers and analysts
• Business domain heads (credit and loan) which intend to use AI systems

How will participants benefit?

By the end of this workshop participants will be able to: 1. Grasp the fundamentals of machine learning processes and relate it to the regulation 2. Understand the type of risks which can emerge in machine learning and AI models. 3. Understand the regulatory and reporting requirements of EU harmonized rules on Artificial Intelligence 2021/0106 4. Learn the practical steps of Enterprise machine learning model development and deployment and how they relate to the regulation. 5. Get familiar with common tools used to make machine learning models explainable 6. Acquire an understanding of the key factors contributing to success and strategies for addressing challenges in AI risk management and compliance 7. Learn how to develop an effective compliance program for the EU harmonized rules on Artificial Intelligence 2021/0106.

Format of the event

Hands on workshop.

• Participants are expected to bring in their laptops.
• Sample machine learning system will be setup to assist in real world use case, simulating an Enterprise MLOps program.
• Participants will be provided with workbooks and templates to assist with the workshop.

Instructors

• Rohit Kumar, President, FinPlusTech Inc (Expertise: AI systems, AI governance, Distributed systems)
• Anthony Hibbert, Head of AI Risk, ING Bank (Expertise: AI risk management, Cybersecurity)
• Emanuel van Praag, Professor of FInancial Technology and Law, Erasmus School of Law

Agenda

09:00 – 09:30  Registration

09:30 – 11:15  Session 1. Foundations

• Overview (5 mins)
• Taxonomy (25 mins)
• Fundamentals of the emerging regulation (25 mins)
• AI risk management process (10 mins).
• Assessments in Practice (10 mins).
• AI/ML processes (15 mins).
• Q&A (10 mins)

11:00 – 11:45  Coffee Break

11:45 – 13:10  Session 2. Risk management and regulatory aspects of AI systems

• Sources of risks in AI systems (25 mins)
• Thought exercise: Unequal treatment of customers (45 mins).
• Q&A (10 mins)

13:10 – 14:40 Lunch Break

14:40 – 16:00  Putting it all together

Live exercises

• High risk systems (Credit decisioning)
  • AI risk management system
  • AI quality management system
  • Post-market monitoring and observability

Thought exercises

• Developing a framework for AI risk management and compliance
• Practical application of frameworks

16:00 – 18:00  Cocktail Reception

Contact us when you are interested in speaking or taking part at the workshop.

Registration Form

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