CRI AI RMF
Operationalize AI risk management using the Cyber Risk Institute and NIST AI RMF — with structured assessments, governance workflows, and full visibility into AI risk.
Product Overview
Apply CRI and NIST AI RMF to Govern AI Risk at Scale
CRI AI RMF is a specialized solution that enables organizations to operationalize the NIST AI Risk Management Framework (AI RMF) using a structure aligned with the Cyber Risk Institute (CRI) approach. SmartSuite’s CRI AI RMF software provides a structured, scalable system for managing AI risk — ensuring alignment with emerging regulatory expectations and industry best practices.
SmartSuite enables organizations to inventory AI use cases, assess risks related to bias, transparency, and operational impact, and implement governance controls aligned with both CRI principles and NIST AI RMF guidance. With a centralized system of record, teams can manage AI risk assessments, controls, and documentation in a way that is repeatable, auditable, and defensible.
While CRI has historically focused on cybersecurity within financial services, this product extends that rigor into AI governance — providing a familiar and structured approach for institutions navigating new regulatory requirements. At the same time, the model can be applied across industries seeking a stronger foundation for AI risk management.
SmartSuite delivers real-time visibility into AI risk posture, enabling organizations to track AI system usage, monitor risk exposure, and ensure governance controls are implemented effectively. This supports responsible AI adoption while reducing regulatory, operational, and reputational risk.
As part of SmartSuite’s connected GRC architecture, CRI AI RMF extends beyond standalone assessments.
AI risk insights are continuously informed by:
- Enterprise and operational risk assessments
- AI governance policies and controls
- Privacy risk and data governance activities
- Incident and issue management related to AI systems
- Third-party AI vendors and external model dependencies
This ensures that AI risk management is part of a connected, continuously evolving governance framework across the enterprise.
The product supports a wide range of AI risk use cases, including:
- NIST AI RMF implementation and assessment
- AI risk identification and impact analysis
- AI governance program development
- Regulatory and supervisory readiness for AI
The result is an AI risk management program that is:
- Structured and defensible for regulators and supervisory bodies
- Aligned with CRI and NIST AI RMF best practices
- Transparent and actionable for risk, compliance, and AI leaders
What is CRI AI RMF?
CRI AI RMF is a solution for managing AI risk using CRI-aligned governance and the NIST AI Risk Management Framework. It enables organizations to assess AI systems, implement controls, and ensure responsible AI adoption.
Core Capabilities
SmartSuite’s CRI AI RMF product provides the capabilities required to manage AI risks across their lifecycle — combining structured assessments, governance workflows, and real-time visibility in a unified platform. Each capability integrates with other SmartSuite products, ensuring alignment across risk, compliance, privacy, and operational workflows.
AI System Inventory
Maintain a centralized inventory of AI systems, models, and use cases across the organization.
AI Risk Assessments (NIST AI RMF)
Conduct structured assessments aligned with NIST AI RMF categories and functions.
CRI-Aligned Governance Structure
Apply CRI-based governance principles to AI risk management and oversight processes.
AI Use Case Classification
Classify AI systems by risk level, criticality, and regulatory requirements.
Control Definition & Mapping
Define and map controls aligned with AI RMF guidance and organizational policies.
Risk Dashboards & Analytics
Monitor AI risk exposure, compliance status, and governance metrics through real-time dashboards.
Workflow Automation
Automate assessments, approvals, and governance workflows using no-code automation.
Cross-Product Integration
Link AI risks to enterprise risk, privacy, compliance, and incident workflows.
Role-Based Access Control
Ensure secure access to AI systems, risk data, and governance workflows.
The Risk Lifecycle
The AI Risk Lifecycle
SmartSuite supports the full AI risk lifecycle — from inventory through governance — with connected workflows and real-time insights.
Inventory AI Systems
Identify and catalog AI models, use cases, and associated data.
Assess AI Risks
Evaluate risks related to bias, fairness, transparency, and operational impact.
Define Controls & Governance
Establish governance structures and controls aligned with CRI and NIST AI RMF.
Monitor & Validate
Continuously monitor AI systems and validate compliance with governance requirements.
Report & Improve
Provide reporting and refine governance practices based on insights and outcomes.
Connected Risk Ecosystem
SmartSuite products operate as part of a unified GRC platform — ensuring AI risk is continuously connected to risk, compliance, and operational workflows.
The CRI AI RMF product integrates seamlessly with related products to provide a complete view of AI risk and governance.
SmartSuite centralizes AI governance—track models, assess risk, and ensure compliance across your enterprise in one connected platform.
Manage privacy risks with structured assessments, data visibility, and real-time alignment to global regulations and governance requirements.
Centralize enterprise risk management with real-time visibility, standardized assessments, and connected workflows that align risk, controls, and mitigation across your organization.
Manage assessment campaigns and testing schedules with a reusable question library, automated workflows, and centralized evidence collection to streamline assurance.
Capture and resolve incidents with structured workflows, real-time visibility, and integrated response across risk, compliance, and operations.
Standardize vendor due diligence, centralize assessments, and monitor ongoing risk exposure to ensure supplier reliability and compliance.
Who This Product Is For
The CRI AI RMF product supports stakeholders across risk, compliance, data, and AI teams — enabling structured AI risk management and governance.
Frequently Asked Questions
Answers to common questions about SmartSuite’s pricing models, plan options, and onboarding programs.
The CRI AI Risk Management Framework (AI RMF) is a structured approach developed by the Cyber Risk Institute to help financial institutions manage risks associated with artificial intelligence. It provides guidance on governance, risk identification, controls, and oversight for AI systems. As AI adoption accelerates, organizations face increasing regulatory scrutiny and operational risks related to model usage, bias, and transparency. SmartSuite enables organizations to operationalize the CRI AI RMF within a centralized platform, ensuring consistent application across all AI initiatives. By aligning AI governance with an industry-recognized framework, organizations can demonstrate compliance and strengthen risk management. The result is a more structured, auditable, and defensible AI governance program.
SmartSuite translates the CRI AI RMF into structured workflows, controls, and data models that can be applied across AI systems. Organizations can define governance processes, track risk assessments, and manage controls directly within the platform. Each AI system can be evaluated against framework requirements, ensuring consistent application of standards. SmartSuite also enables teams to document evidence and track compliance activities in real time. By embedding the framework into daily workflows, organizations move beyond static documentation to active governance. The result is a fully operationalized AI risk management program.
SmartSuite enables organizations to maintain a centralized inventory of AI systems, including their purpose, ownership, and risk classification. Each system can be categorized based on its impact, complexity, and regulatory requirements. This ensures that all AI assets are visible and managed consistently. By linking systems to governance workflows and controls, SmartSuite ensures that no AI initiative operates outside oversight. This is critical for financial institutions that must maintain strict control over model usage. The result is improved visibility and stronger governance across all AI systems.
SmartSuite allows organizations to assess AI risks using structured methodologies aligned with the CRI AI RMF. Risks can be evaluated based on factors such as model impact, bias, explainability, and regulatory exposure. Each risk is tracked within the platform and linked to mitigation actions and controls. This ensures that risks are actively managed rather than documented passively. Integration with enterprise risk management workflows provides a unified view of risk exposure. The result is a consistent and proactive approach to AI risk management.
SmartSuite enables organizations to define and implement controls aligned with CRI AI RMF requirements. Controls can be mapped to AI systems, tested for effectiveness, and monitored continuously. Evidence is captured and stored within the platform, providing full traceability. This ensures that compliance activities are audit-ready at all times. By connecting controls to workflows, SmartSuite ensures that governance is actively enforced. The result is a more reliable and defensible compliance program.
SmartSuite integrates CRI AI RMF with enterprise risk, compliance, and audit workflows, ensuring that AI governance is part of a unified GRC program. AI risks can be linked to enterprise risk registers, while controls align with broader compliance frameworks. This integration ensures consistency across governance activities and eliminates silos. It also helps organizations meet regulatory expectations for comprehensive risk management. The result is a cohesive and scalable governance framework.
Yes. SmartSuite is designed to support enterprise-scale environments with multiple AI systems, teams, and regulatory requirements. It provides flexible data models, role-based access, and scalable workflows to ensure consistent implementation. Organizations can manage AI governance across business units and geographies within a single platform. This ensures alignment while accommodating complexity. The result is a scalable and enterprise-ready AI governance solution.
SmartSuite provides a complete audit trail of AI governance activities, including risk assessments, control implementation, and evidence collection. This enables organizations to demonstrate compliance with CRI AI RMF and other regulatory requirements. By maintaining real-time visibility and documentation, teams can respond quickly to audits and regulatory inquiries. This builds confidence among regulators and stakeholders. Over time, organizations can adopt AI more confidently and responsibly. The result is improved trust and reduced regulatory risk.
Operationalize AI Risk with Confidence and Control
SmartSuite delivers a connected GRC platform for managing AI risk using CRI and NIST AI RMF frameworks.