Free bank AI governance assessment
AI Governance Readiness Calculator for Banks and Current Model Risk Expectations
Banks and credit unions are adopting AI through vendor products, underwriting tools, fraud systems, service operations, staff productivity tools, and analytics. That creates a practical governance question: can your organization show who owns AI risk, which AI tools are in use, how models and vendors are reviewed, and what evidence would be available for auditors, examiners, and the board?
The AegisAI Compliance calculator is a free AI governance readiness calculator for banks and credit unions. It turns 30 control questions into an overall score, domain breakdown, gap list, and next-step roadmap. It is designed for fast internal orientation, not as a substitute for counsel, audit, or formal model validation.
Why AI governance matters now
Financial institutions already manage model, vendor, operational, privacy, security, and consumer compliance risk. AI does not replace those obligations; it cuts across them. Current model risk governance language should reflect updated supervisory guidance, including SR 26-2 and OCC Bulletin 2026-13. SR 11-7 remains historically important and may still appear in legacy model risk policies, audit workpapers, and model inventories, so continuity mapping can help teams update internal references. CFPB materials on AI and adverse action highlight the importance of explainability and accurate consumer notices when automated systems affect credit decisions.
A readiness score helps a team see whether AI controls are documented, repeatable, and board-visible. For smaller institutions, the goal is usually not to build a massive AI governance office. The goal is to create a right-sized control system that identifies AI use, assigns ownership, reviews vendors and models, protects data, reports material risk, and keeps evidence.
What AI governance readiness means
Readiness means your institution can answer basic oversight questions with documentation rather than guesswork. The calculator groups those questions into six domains:
AI Policy & Governance
Assesses whether AI use is governed by clear policies, accountable oversight, and documented approval practices.
Vendor & Third-Party AI Risk
Reviews how AI vendor relationships are identified, contracted, diligenced, monitored, and security reviewed.
Model Risk Management
Measures alignment with current model risk governance expectations, including ownership, inventory, validation, monitoring, change controls, and documentation.
Data Governance & Privacy
Checks whether AI data sources, bias risks, retention rules, privacy reviews, and incident processes are documented.
Board & Audit Reporting
Evaluates whether AI risk is visible to the board, ERM, audit, issue tracking, and escalation channels.
Evidence & Compliance
Assesses whether the organization can prove governance activity, attest control status, and maintain exam readiness.
How the calculator works
The assessment asks 30 questions: five questions in each of the six domains. Each answer receives a simple score: Yes = 2, Partial = 1, and No = 0. The maximum score is 60. Scores from 50-60 are Advanced, 35-49 are Developing, 20-34 are Emerging, and 0-19 are At Risk.
After the assessment, the results page shows your score, score band, domain breakdown, ranked gaps, and recommended next steps. Gaps in vendor risk and model risk receive extra priority because third-party AI and model governance are recurring supervisory themes for financial institutions. The full scoring approach is described on the methodology page.
Also see the AI Governance Checklist for Small Banks for a printable 30-question review of the same framework.
The calculator is aligned to current model risk governance expectations, including SR 26-2 / OCC Bulletin 2026-13, with SR 11-7 mapping retained for continuity. It focuses on practical governance evidence: ownership, inventory, approval, monitoring, validation, reporting, and documentation. It is not legal advice and does not prove regulatory compliance.
Who should use it
This calculator is useful for compliance officers, risk managers, board reporting teams, internal audit, model risk managers, vendor risk teams, information security leaders, privacy teams, CTOs, and fintech operators. It is especially useful when an organization is just beginning to inventory AI use, prepare an AI policy, or brief leadership on AI oversight.
What you get
- An overall score out of 60.
- A readiness band with plain-English interpretation.
- Domain-level scores for the six governance areas.
- A top-gap summary based on No and Partial answers.
- Recommended next steps for remediation planning.
- Optional CTAs for board-ready reports and starter templates.
FAQ
What is an AI governance readiness calculator?
It is a structured self-assessment that scores AI governance controls across policy, vendor risk, model risk, data governance, board reporting, and compliance evidence.
Who should use this calculator?
It is designed for community banks, credit unions, fintechs, compliance officers, risk managers, model risk teams, IT risk teams, and executives preparing AI oversight materials.
Does this prove regulatory compliance?
No. It is an informational self-assessment and does not replace legal, regulatory, audit, model validation, or compliance review.
How long does it take?
Most teams can complete the 30-question assessment in about 5 minutes if they have a general view of their AI governance practices.
What do I get after completing it?
You receive an overall score, readiness band, domain breakdown, gap summary, and recommended next steps.
Get your AI governance readiness score
Complete the free assessment in about 5 minutes and use the results to brief stakeholders, prioritize remediation, and organize evidence.
Start the 5-Minute Assessment