An AI Risk Profile is a dynamic, consolidated summary document generated through the NIST AI RMF's Map and Measure functions. It provides a holistic view of an organization's exposure to AI-related risks by cataloging identified risks, assessing their likelihood and impact, and documenting the current state of controls and mitigation strategies.

This profile serves as the central artifact for AI risk intelligence within an organization. It is not a static report but a living document that aggregates findings from risk assessments of individual systems, post-market monitoring data, audit results, and incident reports. The profile synthesizes this information to present a clear picture of the organization's most significant AI vulnerabilities, compliance gaps, and areas requiring urgent management attention. It is the key input for strategic decision-making in the Manage function, informing where to allocate resources and what risks to treat first.

A comprehensive AI Risk Profile typically contains:

Inventory of AI Systems: A catalog of all in-scope AI applications, their risk classifications (e.g., high-risk per EU AI Act), and their criticality to business operations.

Risk Register: A detailed list of identified risks for each system or category, scored based on likelihood and potential impact (often considering harm to individuals, legal non-compliance, financial loss, and reputational damage).

Control Effectiveness Assessment: An evaluation of existing risk mitigation measures, highlighting control gaps and areas where controls are ineffective or underperforming.

Aggregated Risk Exposure: A high-level summary that identifies systemic or cross-cutting risks (e.g., "over-reliance on a single third-party model provider" or "insufficient explainability testing across the portfolio").

Regulatory Context: Maintaining an AI Risk Profile is a practical way to satisfy the EU AI Act's requirement for a risk management system (Article 9) that is documented and kept up-to-date. It also provides the evidence needed for management review under ISO/IEC 42001 (Clause 9.3) and for reporting to regulators or the board.

Strategic Management Tool: The AI Risk Profile transforms risk management from a project-based activity into an organizational competency. It gives executives a dashboard to understand their AI risk posture, supports data-driven investment decisions in security and compliance, and is indispensable for demonstrating due diligence to regulators, auditors, and insurers.