---
name: framework-financial-services-controls-pm-9
title: PM-9 - Risk Management Strategy
description: 'Develops a comprehensive strategy to manage: 1. Security risk to organizational operations and assets, individuals, other organizations, and the Nation associated with the operation and use of organizational systems; and 2. Privacy risk to individuals resulting from the authorized processing of personally identifiable information.'
last-updated: 2026-08-26
---

> ## Documentation Index
> The table of contents for this documentation set is at https://cloud.ibm.com/docs/framework-financial-services-controls?format=markdown
> The index for all IBM Cloud docs is at: https://cloud.ibm.com/docs/llms.txt
> Use these files to discover more information as needed.

# PM-9 - Risk Management Strategy
{: #pm-9}

## Control requirements
{: #control-requirements}



### PM-9 (a)
{: #pm-9-a}


Develops a comprehensive strategy to manage:
1. Security risk to organizational operations and assets, individuals, other organizations, and the Nation associated with the operation and use of organizational systems; and
2. Privacy risk to individuals resulting from the authorized processing of personally identifiable information.


### PM-9 (b)
{: #pm-9-b}


Implement the risk management strategy consistently across the organization.


### PM-9 (c)
{: #pm-9-c}


Review and update the risk management strategy _[IBM Assignment: at least annually]_ or as required, to address organizational changes.












## NIST supplemental guidance
{: #nist-supplemental-guidance}

An organization-wide risk management strategy includes an expression of the security and privacy risk tolerance for the organization, security and privacy risk mitigation strategies, acceptable risk assessment methodologies, a process for evaluating security and privacy risk across the organization with respect to the organization’s risk tolerance, and approaches for monitoring risk over time. The senior accountable official for risk management (agency head or designated official) aligns information security management processes with strategic, operational, and budgetary planning processes. The risk executive function, led by the senior accountable official for risk management, can facilitate consistent application of the risk management strategy organization-wide. The risk management strategy can be informed by security and privacy risk-related inputs from other sources, both internal and external to the organization, to ensure that the strategy is broad-based and comprehensive. The supply chain risk management strategy described in PM-30 can also provide useful inputs to the organization-wide risk management strategy.