IRM/AIRMIC/ALARM A Risk Management Standard (2002) for Compliance Officers
What does IRM/AIRMIC/ALARM A Risk Management Standard (2002) require of a Compliance Officer?
The Institute of Risk Management's risk management framework is set out in A Risk Management Standard, written in 2002 by the IRM with AIRMIC and ALARM using the ISO/IEC Guide 73 vocabulary and still issued free by the IRM. Under IRM/AIRMIC/ALARM A Risk Management Standard (2002), which defines 17 controls, a Compliance Officer'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 IRM/AIRMIC/ALARM A Risk Management Standard (2002) controls land on the Compliance Officer
Compliance Officers ensure the organisation meets its regulatory obligations. They manage audit programmes, maintain evidence repositories, track regulatory changes, and coordinate across business units to sustain compliance posture.
IRM/AIRMIC/ALARM A Risk Management Standard (2002) defines 17 controls across 7 domains that directly affect the Compliance Officer 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 Compliance Officer is accountable for under IRM/AIRMIC/ALARM A Risk Management Standard (2002)
Monitoring regulatory changes and assessing their impact on the organisation
Managing internal and external audit programmes and evidence collection
Maintaining compliance documentation, policies, and control frameworks
Coordinating with business units to implement and maintain required controls
Reporting compliance status to senior leadership and regulatory bodies
Where Compliance Officers lose time on IRM/AIRMIC/ALARM A Risk Management Standard (2002)
These are the most common obstacles Compliance Officers face when managing IRM/AIRMIC/ALARM A Risk Management Standard (2002) compliance, and how to address them:
Challenge 1
Tracking overlapping requirements across multiple regulatory frameworks
Challenge 2
Collecting evidence from multiple teams and systems for audit readiness
Challenge 3
Keeping policies and procedures current as regulations change
Challenge 4
Demonstrating compliance ROI to justify programme investment
Challenge 5
Managing the volume of regulatory change across jurisdictions
A working order for a Compliance Officer starting on IRM/AIRMIC/ALARM A Risk Management Standard (2002)
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against IRM/AIRMIC/ALARM A Risk Management Standard (2002). Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map IRM/AIRMIC/ALARM A Risk Management Standard (2002) controls against other frameworks you already comply with. Identify overlapping controls to reduce duplicate effort.
3. Build Your Toolkit
Equip yourself with IRM/AIRMIC/ALARM A Risk Management Standard (2002) toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Compliance Officers 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.
IRM/AIRMIC/ALARM A Risk Management Standard (2002) in your sector
Who else owns part of IRM/AIRMIC/ALARM A Risk Management Standard (2002)
Questions Compliance Officers ask about IRM/AIRMIC/ALARM A Risk Management Standard (2002)
What does a Compliance Officer need to know about IRM/AIRMIC/ALARM A Risk Management Standard (2002)?
How does IRM/AIRMIC/ALARM A Risk Management Standard (2002) affect the Compliance Officer role?
What are the biggest IRM/AIRMIC/ALARM A Risk Management Standard (2002) challenges for Compliance Officers?
How should a Compliance Officer prepare for a IRM/AIRMIC/ALARM A Risk Management Standard (2002) audit?
What tools help Compliance Officers manage IRM/AIRMIC/ALARM A Risk Management Standard (2002) compliance?
Compliance Officer: How ready is your organisation for IRM/AIRMIC/ALARM A Risk Management Standard (2002)?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.