A risk owner should be the person accountable for:
A risk owner should be the person accountable for:
A risk owner should be the person accountable for the risk management process. This includes overseeing and ensuring the implementation of risk treatment plans, monitoring the effectiveness of controls, and making risk-based decisions. The risk owner has the overall accountability for managing the risk throughout its lifecycle within the specific context of their business area or process.
Should be Managing Controls. According to the ISACA Glossary: Risk owner The person in whom the organization has invested the authority and accountability for making risk-based decisions and who owns the loss associated with a realized risk scenario. Scope Notes: The risk owner may not be responsible for the implementation of risk treatment. https://www.isaca.org/resources/glossary
I think the answer is C
May not be responsible but accountable for implementing actions
Risk owner is accountable for the implementation. He is not responsible but accountable. RACI .
'A' correct.
Selected A.
should be B
Risk owner is accountable for the whole risk management process( for the assigned risk) from A-Z from identification to monitoring. Responsibilities fall under different teams.
The risk professional is responsible for the risk management process, but the risk owner, the individual to whom the risk was assigned is also the one responsible for the the that business process because they have more knowledge of the process.
A. Implementing actions. A risk owner is the person who is accountable for "A. implementing actions." This includes overseeing the execution of risk response plans, ensuring that appropriate controls are put in place, and managing the activities needed to mitigate or manage the identified risks. The risk owner is responsible for making sure that the agreed-upon actions are carried out effectively to address the risks. While other options (managing controls, the risk management process, the business process) can be related to various aspects of risk management, the primary accountability of a risk owner is to ensure that the necessary actions are taken to address and manage the identified risks.
D. The risk owner is typically the person who is accountable for the business process that is affected by the risk. This person has the authority and responsibility to manage the risk and ensure that appropriate risk responses are implemented.