Introduction
Risk response and reporting
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1. Consult with Risk Owners
Determine risk responses
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Align with business objectives
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Establish accountability
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2. Risk Action Plans
What is a risk action plan?
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Determine response
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Determine cost
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Determine target date
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Third-party risk management
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3. Support Control Owners
Control frameworks
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Control design
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Control testing
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Control implementation
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Efficient and effective execution
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4. Risk Register Updates
Identify risk profile changes
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Determine management response
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Validate execution
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Risk and control monitoring and reporting
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Key risk indicators
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Key performance indicators
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Key control indicators
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