What is interim risk management?

Interim risk management refers to the temporary assignment of a professional to oversee and manage an organization's risk-related functions, typically during periods of transition or until a permanent hire is made. Interim risk managers assess, identify, and mitigate risks that could impact the organization, ensuring compliance with regulations and continuity of operations. They often implement or update risk management frameworks, provide guidance during critical projects, and help maintain business stability during leadership gaps. This role is essential for organizations undergoing change or facing urgent risk management needs.