The document outlines a framework for integrating risk management within an enterprise, emphasizing the establishment of a common risk view and controls to mitigate risks. It highlights the importance of a holistic approach to enterprise risk management, ensuring compliance and risk-awareness in decision-making. Additionally, it stresses the need for monitoring the effectiveness of risk controls to safeguard organizational assets.

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2. Establish a common
view of risk for the
enterprise
Determine controls
to mitigate risk
Integrate controls into
business processes and
information security
Example: Creating a unified
risk language and framework
ESTABLISH AND MAINTAIN A COMMON RISK VIEW
CRISC
MIND
MAP
Example: Implementing
encryption for data security
Example: Regular security
audits in IT projects
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CRISC
MIND
MAP
INTEGRATE RISK MANAGEMENT INTO THE ENTERPRISE
Enforce a holistic
enterprise risk
management (ERM)
approach
Require integration
of risk management
across all functions
and locations
Ensure compliance
with a baseline level of
risk management
Example: ERM software
deployment across departments
Example: Local compliance
officers in each branch
Example: Standardized risk
reporting forms

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CRISC
MIND
MAP
MAKE RISK-AWARE BUSINESS DECISIONS
Consider the full
range of opportunities
and their effects
Require risk analysis
periodically or with
significant environmental
changes
Example: Risk vs. Reward
analysis for new investments
Example: Reassessing
risk portfolio after market
fluctuations

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CRISC
MIND
MAP
ENSURE RISK MANAGEMENT CONTROLS ARE
IMPLEMENTED AND OPERATING CORRECTLY
Oversee and monitor
to ensure the
effectiveness of
risk controls
Mitigate risk and
protect organizational
assets
Example: Quarterly control
effectiveness reviews
Example: Insurance
coverage for critical assets

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