Governance & Key Responsibilities Our Vision : To be Provider of Choice Strategy Review carried out during 2011/12. Revised Strategy & Operational Framework for Board approval today. Board Ultimate responsibility for risk management Determine risk strategy Support & monitor risk process Audit Committee Review identified risks Receives reassurance that they are managed Provides reassurance to Board
Governance & Key Responsibilities Our Vision : To be Provider of Choice Chief Executive Principal responsibilities for adoption of Strategy & Framework. Directors Ensure assessment & management of risks within their department. Risk Champions Group Ensures effective adoption of Strategy. Ensure effective identification & management of risk.
Strategic Risk Management Our Vision : To be Provider of Choice Risk identification SWOT & PEST Linkage to corporate objectives Detailed within Strategic Risk Register within Clearview Risk assessment Raw, current & controlled assessment Executive Team & Audit Committee agree between Jan/March Risk Matrices Assessment methodology Risk management Clearview provides details of risk manager, controls & actions Risk Champions Group Audit Committee Board of Management
Operational Risk Management Our Vision : To be Provider of Choice Risk identification Key priorities at present across the business in review of process, policies & associated training to ensure first line of defence in place. Detailed within Operational Risk Register Risk assessment Raw, current & controlled assessment Executive Team & Audit Committee agree between Jan/March Risk Matrices Assessment methodology Risk management Clearview provides details of risk owner, controls & action Risk Champions Group Monthly 1-2-1s/Departmental meeting
Key Stages & Timescales Our Vision : To be Provider of Choice October/November –Review of risk environment as part of business planning process by Board. –Identification of risks. November/December –Identification of operational risks as part of business planning process by Directors & Operational Managers. January/March –Carry out risk assessments on strategic & operational risks. –Strategic & operational risks considered by Audit Committee.
Key Stages & Timescales Our Vision : To be Provider of Choice Annually & Bi-annually –Review of Risk Matrices by Board. Quarterly –Monitoring of Risk Matrices by Audit Committee. Bi-monthly –Monitoring of Risk Matrices by Risk Champions Group.
Clearview – Overview Our Vision : To be Provider of Choice Links all strategic risks to project to manager risks that may undermine achievement of corporate objectives. Provides a database for strategic & operational risks. Provides methodology & analysis of risk assessments. Allocates risk & risk controls by Risk Manager. Generates Risk Matrices (registers). Supports monitoring & management of risks.
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