GRC risk management refers to the structured integration of risk identification, assessment, mitigation, and monitoring within a governance and compliance framework. In Australia, GRC risk management enables organisations to align cyber, operational, financial, and regulatory risks with strategic objectives. This approach connects enterprise risk registers with compliance controls and board reporting, ensuring accountability at every level. GRC risk management supports adherence to standards such as ISO 31000, ISO 27001, and APRA CPS 234 by embedding risk oversight into everyday operations. By leveraging technology platforms and automated workflows, organisations can continuously assess risk exposure and track remediation efforts. Effective GRC risk management enhances transparency, improves decision-making, and ensures regulatory compliance while strengthening long-term organisational resilience.