CERTIFIED IN RISK AND INFORMATION SYSTEMS CONTROL (CRISC)

In this domain, the focus is on the identification, assessment, and evaluation of risks to effectively implement the enterprise risk management strategy. The following task statements outline the key responsibilities:

1. Gather information and thoroughly examine documentation to ensure the identification and assessment of potential risk scenarios.

2. Recognize legal, regulatory, and contractual obligations, as well as organizational policies and standards related to information systems, to assess their potential impact on business objectives.

3. Identify possible threats and vulnerabilities that pertain to business processes, associated data, and supporting capabilities, thereby aiding in the comprehensive evaluation of enterprise risks.

4. Establish and continuously update a risk register to ensure that all identified risk factors are duly considered.

5. Compile risk scenarios to gauge the probability and consequences of significant events for the organization.

6. Analyze these risk scenarios to determine how they could affect business objectives.

7. Develop a risk awareness program and conduct training sessions to ensure that stakeholders have a clear understanding of risk, actively contribute to the risk management process, and foster a culture that is attuned to risk awareness.

8. Correlate identified risk scenarios with relevant business processes, facilitating the identification of who within the organization is responsible for managing each risk.

9. Validate the organization’s risk appetite and tolerance in consultation with senior leadership and key stakeholders, ensuring alignment with the overall strategy.

In this domain, the focus is on developing and executing strategies to deal with risks effectively and efficiently, while aligning with the organization’s goals. The tasks involved are as follows:

1. Assess and analyze various options for responding to risks, providing management with the necessary information for making informed decisions on risk responses.

2. Collaborate with relevant stakeholders to review the chosen risk responses, ensuring they are efficient, effective, and cost-effective.

3. Apply specific risk criteria to aid in shaping the overall risk profile, seeking approval from management for this profile.

4. Contribute to the formulation of action plans that outline how to address the specific risk factors identified within the organizational risk profile.

5. Participate in developing business cases that support the investment plan, ensuring that risk responses are in harmony with the identified business objectives.

Supervise the process of tracking risks and conveying pertinent information to the appropriate stakeholders, ensuring the ongoing efficacy of the organization’s risk management approach. Tasks include:

1. Gather and verify data that gauge essential risk indicators (ERIs), ensuring the monitoring and transmission of their status to relevant stakeholders.
2. Oversee and convey vital risk indicators (ERIs) and managerial actions to aid relevant stakeholders in their decision-making procedures.
3. Facilitate autonomous risk evaluations and assessments of the risk management process to guarantee their efficient and proficient execution.
4. Recognize and report on risks, encompassing compliance considerations, to initiate corrective measures and fulfill business and regulatory prerequisites.

Plan and execute the development of information systems controls that align with the organization’s risk tolerance and support its business goals. Here are the specific tasks:

1. Conduct interviews with process owners and review process design documents to comprehend the objectives of business processes.
2. Analyze and document the business process objectives and designs to identify the necessary information systems controls.
3. Collaborate with process owners to design information systems controls that align with business needs and objectives.
4. Facilitate the identification of resources, such as personnel, infrastructure, data, and architecture, needed for optimal implementation and operation of information systems controls.
5. Oversee the information systems control design and implementation process to ensure effective execution within the set time, budget, and scope.
6. Deliver progress reports on the implementation of information systems controls to inform stakeholders and promptly address any deviations.
7. Conduct testing of information systems controls to ensure their effectiveness and efficiency before implementation.
8. Put in place information systems controls to mitigate risks.
9. Assist in identifying metrics and key performance indicators (KPIs) for measuring the performance of information systems controls in achieving business objectives.
10. Evaluate and suggest tools that can automate processes related to information systems controls.
11. Provide documentation and training to ensure the effective execution of information systems controls.
12. Assign control owners to all controls to establish accountability.
13. Define control criteria to enable the management of controls throughout their life cycle.