Risk Owner
What is Risk Owner?
The individual or team accountable for managing a specific risk, including implementing risk treatment plans and monitoring risk levels. Risk ownership ensures clear accountability for risk management activities.
Frameworks that govern risk owner
What the standards actually require on risk owner
Requirements naming risk owner across 6 standards, quoted from the control text.
Requirement defined in ISO 27005:2022, clause 8.6.2 (Approval by risk owners). See licensed source for normative text. Implementation focus is to demonstrate conformity with the obligations of this clause through the artefacts listed in evidence_requirements.
iso-27005-2022::8.6.2 · Approval by risk owners →Route every deviation from security policies, instructions and the related controls through the risk management process, secure risk owner approval and residual risk acceptance, record each deviation with a defined expiry, and have risk owners reconfirm its ap...
C5-SP-03 · Exceptions from Existing Policies and Instructions →HKMA C-RAF Domain 1 GOVERNANCE + Domain 2 IDENTIFICATION. DOMAIN 1 GOVERNANCE (5 sub-areas): (1) CYBER RISK GOVERNANCE - board + senior management oversight + governance structure + reporting lines + delegation; board cyber-risk literacy + training;
HKMA-CRAF-Domain1-2-Governance-Identification · HKMA C-RAF Domain 1 (Governance) + Domain 2 (Identification) - Cyber Strategy, Risk Management, Asset Management, Threat Assessment →The IRM Risk Architecture + Strategy + Protocols (RASP) framework defines the governance + structural + behavioural enabling elements of effective enterprise risk management.
IRM-Architecture-Strategy-Protocols-Appetite-Culture-Board-Audit-Committee-CRO-Three-Lines · IRM RASP - Risk Architecture + Strategy + Protocols + Risk Appetite Statement + Risk Culture + Board + Audit Committee + Chief Risk Officer + Three Lines of Defence + Tone at the Top →Document and formally accept residual privacy risks by the appropriate risk owner including individuals impacted.
ISO27557-7.4 · Residual Privacy Risk Acceptance →Establish an accountability framework with roles for AI risk owners, sign-off authorities and an AI ethics function.
AIDA-2 · Accountability Framework →Questions people ask about risk owner
What is Risk Owner?
Why is Risk Owner important for compliance?
Which compliance frameworks address Risk Owner?
Where can I learn more about Risk Owner?
See how Risk Owner applies across compliance frameworks
Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.