Professional standards framework

Professional standards describe the knowledge and skills needed to do the job. There are four functional areas, each of which has a number of components:

Insights and Context

• Risk management principles and practice
• Organisational environment
• External operating environment

Strategy and Performance

• Risk management strategy and architecture
• Risk management policy and procedures
• Risk culture and appetite
• Risk performance and reporting

Risk management process

• Risk assessment
• Risk treatment

Organisational capability

• Communication and consultation
• Change management
• People management