Policy templates/Risk & Assurance/Version 1.0

Risk Management Policy Template

Get the complete template Sign in

Summary

Defines the organization's approach to identifying, assessing, treating, monitoring, and reporting risks that affect systems, processes, departments, vendors, compliance, and goals. Covers risk appetite, registers, ownership, escalation, planning, metrics, and improvement.

Purpose

The purpose of this policy is to ensure a structured and consistent approach to identifying, assessing, and managing risks that could impact our organization's operations, assets, and objectives, thereby enabling informed decision-making, regulatory compliance, and business resilience.

Scope

This policy applies to all internal systems, processes, departments, and third-party vendors that could influence or be influenced by organizational risk, covering areas such as IT infrastructure, data security, compliance, supply chain, and external partnerships.

Framework Mapping

Appendix A includes mappings to common security and compliance frameworks for this template.
ISO/IEC 27002:2022
5.4 Contact with Special Interest Groups5.23 Information Security for Use of Cloud Services
SOC 2 TSC
CC3.1: Risk assessmentCC3.2: Risk mitigation activities
NIST CSF v2.0
ID.RA-1: Risk management processGV.RM-1: Risk management strategy
NIST SP 800-53 Rev. 5
RA-2: Risk AssessmentPM-9: Risk Management Strategy

Complete table of contents

This preview shows the full structure of the template. Create an account or sign in to download the complete editable policy.
  1. 1. Purpose
  2. 2. Scope
  3. 3. Policy Statement
  4. 3.1 Risk Management Framework
  5. 3.2 Risk Documentation
  6. 3.3 Risk Appetite and Tolerance
  7. 3.4 Integration with Strategic Planning
  8. 3.5 Risk Management Activities
  9. 3.5.1 Identification
  10. 3.5.2 Assessment
  11. 3.5.3 Treatment
  12. 3.5.4 Monitoring and Reporting
  13. 3.6 Operational Risk Practices
  14. 3.7 Training, Communication, and Engagement
  15. 3.8 Continuous Improvement and Metrics
  16. 4. Roles and Responsibilities
  17. 5. References and Related Policies
  18. 6. Definitions
  19. 7. Policy Exceptions
  20. 8. Compliance and Monitoring
  21. 9. Policy Review
  22. Appendix A: Framework Control Mapping
  23. Appendix B: Revision History
  24. Appendix C: Approvals

Download the complete risk management policy template

Use the full editable template as a starting point, then adapt it to your organization.

Create an account Sign in