CRISC · Question #236
Which of the following roles should be assigned accountability for monitoring risk levels?
The correct answer is C. Risk owner. The risk owner should be assigned accountability for monitoring risk levels, as they are responsible for the overall management of the risks they own.
Question
Which of the following roles should be assigned accountability for monitoring risk levels?
Options
- ARisk practitioner
- BBusiness manager
- CRisk owner
- DControl owner
How the community answered
(52 responses)- A6% (3)
- B2% (1)
- C90% (47)
- D2% (1)
Why each option
The risk owner should be assigned accountability for monitoring risk levels, as they are responsible for the overall management of the risks they own.
A risk practitioner typically supports risk owners and performs risk assessments, but the ultimate accountability for monitoring lies with the owner of the risk.
A business manager might have general oversight, but the specific role of 'risk owner' carries the direct accountability for monitoring identified risks.
The risk owner is the individual accountable for a specific risk, which includes not only deciding on a risk response but also continuously monitoring the risk's status, its likelihood, and its impact, as well as the effectiveness of any implemented controls. This ensures ongoing oversight and appropriate adjustments.
A control owner is accountable for the specific controls they manage, not necessarily the overall risk level itself.
Concept tested: Risk owner responsibilities
Source: https://www.isaca.org/resources/isaca-journal/issues/2012/volume-2/how-to-manage-your-enterprise-risks-the-right-way
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