IRM/AIRMIC/ALARM A Risk Management Standard (2002) for Risk Managers
What does IRM/AIRMIC/ALARM A Risk Management Standard (2002) require of a Risk Manager?
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 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 IRM/AIRMIC/ALARM A Risk Management Standard (2002) 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.
IRM/AIRMIC/ALARM A Risk Management Standard (2002) defines 17 controls across 7 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 IRM/AIRMIC/ALARM A Risk Management Standard (2002)
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 IRM/AIRMIC/ALARM A Risk Management Standard (2002)
These are the most common obstacles Risk Managers face when managing IRM/AIRMIC/ALARM A Risk Management Standard (2002) 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 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 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.
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 Risk Managers ask about IRM/AIRMIC/ALARM A Risk Management Standard (2002)
What does a Risk Manager need to know about IRM/AIRMIC/ALARM A Risk Management Standard (2002)?
How does IRM/AIRMIC/ALARM A Risk Management Standard (2002) affect the Risk Manager role?
What are the biggest IRM/AIRMIC/ALARM A Risk Management Standard (2002) challenges for Risk Managers?
How should a Risk Manager prepare for a IRM/AIRMIC/ALARM A Risk Management Standard (2002) audit?
What tools help Risk Managers manage IRM/AIRMIC/ALARM A Risk Management Standard (2002) compliance?
Risk Manager: 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.