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Governance, Risk, Audit & Privacy · Advanced

Risk Executive Function

Organizational role or group in NIST guidance that provides a holistic, enterprise view of risk.

Definition

The risk executive function, which may be an individual or committee, ensures risk-related considerations for individual systems are viewed across the organization. It sets risk strategy, oversees risk decisions for consistency, and supports authorizing officials. It is described in NIST SP 800-37 and SP 800-39.

Example

A senior risk committee reviews authorization decisions across all agency systems.

Exam tip

Associate the risk executive function with enterprise-wide perspective at Tier 1.

Related terms