Risk Profile
What is Risk Profile?
A comprehensive description of an organization's overall risk exposure, including the types, levels, and distribution of risks across the enterprise.
Terms that appear alongside risk profile
Each of these is named in at least one of the same controls as risk profile. The number is how many controls name both.
- governance 8 shared controls
- risk management framework 8 shared controls
- operational risk 7 shared controls
- compliance 5 shared controls
- policy 5 shared controls
- risk assessment 5 shared controls
- audit 4 shared controls
- remediation 3 shared controls
Frameworks that govern risk profile
What the standards actually require on risk profile
Requirements naming risk profile across 6 standards, quoted from the control text.
The framework should require monitoring by IRM of the risk profile relative to appetite and of compliance with concentration limits, reported to the board or its risk committee at least quarterly (monitoring and reporting in G.3 to G.5 more often as the size a...
occ-heightened-standards-12-cfr-part-30-appendix-d::II.G.3 · II.G.3 Quarterly IRM monitoring of risk profile against appetite →L0 applies where no MOD Identifiable Information is processed and no additional cyber controls beyond standard contract terms are required.
DEFSTAN-L0 · Risk Profile L0 Not Applicable →The entity must fix material weaknesses in operational risk management, including gaps, weaknesses and failures in controls. Remediation needs clear accountability and assurance, has to tackle root causes promptly, and identified control gaps, weaknesses and f...
apra-cps-230-operational-risk-management::30 · Para 30 Remediate material weaknesses and keep them in the risk profile until fixed →The enterprise keeps an inventory of known risks and their attributes (expected frequency, potential impact, responses), documenting the resources, capabilities and control activities currently associated with them.
cobit-2019::APO12.03 · APO12.03 Maintain a risk profile →The institution assesses its inherent risk, the threat exposure arising from the types, volumes, values and complexity of its business in cyberspace, by rating each assessment criterion of the inherent risk matrix low, medium or high with supplementary sizing,...
hkma-cyber-resilience-assessment-framework-c-raf::IRA.1 · Inherent risk profile across the five categories →Underwriting controls, monitoring and reporting fit the syndicate's risk profile so the plan is delivered. The guidance covers five areas. Underwriting authority: prevention and detection controls aligned to the plan;
principles-for-doing-business-at-lloyd-s::P1.3 · 1.3 Underwriting controls, monitoring and reporting appropriate to the risk profile →Questions people ask about risk profile
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