Proper high-rise building management remains essential in delivering sustainable living spaces as well as functional shared ownership experiences. This is important as it is one of the Malaysia Strata Community Empowerment (MSCE) 2024 initiatives under the Ministry of Housing and Local Government. Currently the property manager is facing numerous risks from financial to natural disaster in managing these buildings. An effective risk management depends on the process, risk coverage, prescriptive detail and documentation. This study explores and synthesises global risk management frameworks (RMFs) to propose a conceptual model tailored for high-rise residential building management in Malaysia. With rising complexities and statutory demands under the Strata Management Act 2013, effective risk governance remains a significant challenge for Joint Management Bodies (JMB) and Management Corporations (MC). Through desktop study analysis, seven international RMFs from ISO 31000, COSO ERM, IRGC, Bow-Tie, AS/NZS 4360, Singapore’s BMSMA, and NFPA 101 are evaluated based on their process structure, risk coverage, prescriptive depth, and documentation load. Findings reveal that ISO 31000 offers broad adaptability, COSO supports governance-driven accountability, Bow-Tie aids operational hazard visualisation, while BMSMA and NFPA 101 provide statutory alignment. Drawing from these models, a hybrid conceptual framework combining governance, stakeholder legitimacy, process rigor, and risk reporting mechanisms is produced. The framework will support sustainable and resilient strata management. Future work will focus on empirical validation among building management stakeholders.