IRM/AIRMIC/ALARM A Risk Management Standard (2002)
Structure and administration of risk management – IRM/AIRMIC/ALARM A Risk Management Standard (2002)

IRM/AIRMIC/ALARM A Risk Management Standard (2002) 9.4: 9.4 Role of the risk management function

Scaled from a single champion to a full department, the function sets risk policy and strategy; champions risk management at both strategic and operational levels; builds a risk-aware culture with education; sets the internal risk policy and structures used by business units; designs and reviews risk processes; coordinates the functions that advise on risk; develops response processes, contingency planning and business continuity programmes among them; and prepares risk reports for the board and stakeholders.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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