IEC 31010:2019 for Risk Managers
What does IEC 31010:2019 require of a Risk Manager?
Guidance on planning and carrying out a risk assessment and choosing assessment techniques: scope and criteria, information and models, identifying risk and causes, analysing controls, consequences, likelihood and dependencies, measuring and aggregating risk, verification, decisions, reporting and technique selection. Under IEC 31010:2019, which defines 32 controls, a Risk Manager's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.
Which IEC 31010:2019 controls land on the Risk Manager
Risk Managers identify, assess, and prioritise organisational risks. They build risk registers, conduct risk assessments, define risk appetite, and ensure that compliance frameworks address the most material threats to the organisation.
IEC 31010:2019 defines 32 controls across 8 domains that directly affect the Risk Manager role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a Risk Manager is accountable for under IEC 31010:2019
Conducting enterprise risk assessments and maintaining the risk register
Defining risk appetite and tolerance levels with executive leadership
Mapping compliance controls to identified risks for coverage analysis
Monitoring key risk indicators (KRIs) and escalating emerging threats
Integrating compliance, operational, and strategic risk management
Where Risk Managers lose time on IEC 31010:2019
These are the most common obstacles Risk Managers face when managing IEC 31010:2019 compliance, and how to address them:
Challenge 1
Quantifying cyber risk in financial terms that resonate with executives
Challenge 2
Identifying gaps between compliance control coverage and actual risk exposure
Challenge 3
Integrating risk data from siloed tools and departments
Challenge 4
Keeping risk assessments current as the threat landscape evolves
Challenge 5
Prioritising remediation when resources are limited
A working order for a Risk Manager starting on IEC 31010:2019
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against IEC 31010:2019. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map IEC 31010:2019 controls against other frameworks you already comply with. Identify overlapping controls to reduce duplicate effort.
3. Build Your Toolkit
Equip yourself with IEC 31010:2019 toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Risk Managers managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
IEC 31010:2019 in your sector
Who else owns part of IEC 31010:2019
Questions Risk Managers ask about IEC 31010:2019
What does a Risk Manager need to know about IEC 31010:2019?
How does IEC 31010:2019 affect the Risk Manager role?
What are the biggest IEC 31010:2019 challenges for Risk Managers?
How should a Risk Manager prepare for a IEC 31010:2019 audit?
What tools help Risk Managers manage IEC 31010:2019 compliance?
Risk Manager: How ready is your organisation for IEC 31010:2019?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.