Checklist of elements of Enterprise Risk Management Framework.

If you want to make sure you included and considered all of the vital elements of Enterprise Risk Management Framework just follow the checklist below.

  1. Clearly indicate Data / System / Risk Ownership.
  2. Clearly identified crucial Business Operations.
  3. Clearly documented Process & Procedure Formation.
  4. Clearly documented Risk Framework & Policy Formation.
  5. Clearly identified Compliance and Oversight mechanisms.
  6. Clearly identified Check & Challenge mechanism.
  7. Established independent assurance Board, Senior Management and Audit bodies.


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