This presentation delves into the imperative task of redefining risk management in the era of Artificial Intelligence (AI). As AI reshapes industries, it also introduces unique risks and challenges. This abstract offers a glimpse into how traditional risk management approaches must evolve to effectively address the intricacies of AI-related uncertainties. Through real-world examples, it explores emerging concerns like algorithmic bias, privacy infringements, and unforeseen consequences. Attendees will gain insights into proactive strategies, including leveraging AI itself for risk assessment and mitigation. By the presentation's conclusion, participants will grasp the essential steps needed to navigate the uncharted territory of AI-driven risks, ensuring responsible and secure integration of this transformative technology.