IRM Enterprise Risk Management Framework (Institute of Risk Management)
The Institute of Risk Management (IRM) provides professional risk management standards and qualifications. The IRM Enterprise Risk Management framework guides organisations in developing and implementing ERM. Key publications: IRM Risk Management Standard (2002, with ISO 31000 alignment), IRM Horizon Scanning guidance, IRM Cyber Risk Resources, and IRM Risk Culture guidance. IRM is the world's leading professional body for risk management, with members in 143 countries. IRM qualifications (International Certificate/Diploma/Advanced Diploma in Risk Management) are recognised globally by employers and regulators.
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Framework Domains (5)
Financial Risk
| Code | Title |
|---|---|
| IRM-FR-1 | Market Risk |
| IRM-FR-2 | Credit and Liquidity Risk |
| IRM-FR-3 | Financial Controls |
Knowledge Management Risk
| Code | Title |
|---|---|
| IRM-KR-1 | Knowledge Resources |
| IRM-KR-2 | Information and Data Risk |
Operational Risk
| Code | Title |
|---|---|
| IRM-OR-1 | Process and Systems Risk |
| IRM-OR-2 | People and HR Risk |
| IRM-OR-3 | Supply Chain and Technology Risk |
Risk Management Process
| Code | Title |
|---|---|
| IRM-RP-1 | Risk Identification |
| IRM-RP-2 | Risk Analysis and Evaluation |
| IRM-RP-3 | Risk Treatment and Reporting |
| IRM-RP-4 | Monitoring and Review |
Strategic Risk
| Code | Title |
|---|---|
| IRM-SR-1 | Strategic Risk Assessment |
| IRM-SR-2 | Reputation Risk |
| IRM-SR-3 | Environmental and Regulatory Change |
Maps to 463 other frameworks
Frequently Asked Questions
What is IRM Enterprise Risk Management Framework (Institute of Risk Management)?
IRM Enterprise Risk Management Framework (Institute of Risk Management) is a compliance framework from International (IRM) with 5 domains and 15 controls. The Institute of Risk Management (IRM) provides professional risk management standards and qualifications. The IRM Enterprise Risk Management framework guides organisations in developing and implementing ERM. Key publications: IRM Risk Management Standard (2002, with ISO 31000 alignment), IRM Horizon Scanning guidance, IRM Cyber Risk Resources, and IRM Risk Culture guidance. IRM is the world's leading professional body for risk management, with members in 143 countries. IRM qualifications (International Certificate/Diploma/Advanced Diploma in Risk Management) are recognised globally by employers and regulators. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does IRM Enterprise Risk Management Framework (Institute of Risk Management) have?
IRM Enterprise Risk Management Framework (Institute of Risk Management) has 15 controls organised across 5 domains. The largest domains are Risk Management Process (4 controls), Financial Risk (3 controls), Operational Risk (3 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does IRM Enterprise Risk Management Framework (Institute of Risk Management) map to?
IRM Enterprise Risk Management Framework (Institute of Risk Management) maps to 463 other compliance frameworks. The top mapping partners are Critical Infrastructure Risk Management Program (CIRMP) Rules 2023 (60% coverage), Notifiable Data Breaches Scheme (Australia) (60% coverage), EU Digital Markets Act (60% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with IRM Enterprise Risk Management Framework (Institute of Risk Management) compliance?
Start your IRM Enterprise Risk Management Framework (Institute of Risk Management) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about IRM Enterprise Risk Management Framework (Institute of Risk Management) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 15 controls and track your progress.
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