← Glossary
Operational risk
Residual risk
In French : Risque résiduel
The risk remaining after treatment. It must be explicitly accepted by a body with the authority to do so.
Source : ISO 31000:2018
Related terms
Risk appetite
The level and nature of risk the organisation is willing to take to achieve its objectives. To be usable it is expressed in thresholds, not adjectives.
Risk and control self-assessment
An exercise in which frontline staff identify their risks, assess control effectiveness and determine residual risk.