‹ ES-1.11 Module RM (Risk Management) ES-1.11.2 › ES-1.11.1 Module RM provides detailed requirements on risk management systems and controls required for investment firm licensees. It builds on the high-level controls requirements contained in Module HC. Amended: July 2007 ‹ ES-1.11 Module RM (Risk Management) ES-1.11.2 ›