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Glossary › Risk Owner
Risk Owner Definition
Risk owners review assessments, oversee mitigation, approve residual risk, and ensure alignment with business objectives. In TPRM, risk owners often include business unit leaders or control owners accountable for vendor performance.
FAQs
Can a vendor be the risk owner?
No, ownership remains internal.
Do risk owners approve exceptions?
Yes, they authorize acceptance or remediation paths.
Can there be multiple risk owners?
One primary owner is recommended.
Responsible-AI TPRM Guide
Discover how risk teams apply AI responsibly to reduce third-party blind spots and stay audit-ready across global regulations.