ERM Staff Roles and Responsibilities

ERM Staff Roles and Responsibilities »

ERM Staff Roles and Responsibilities

Member CEO

  • Oversees the development and implementation of the Risk Management Plan;
  • Ensures the ongoing review of risks and updates the Register of Major Risks as needed;
  • Encourages a management climate which is aware of and supports risk management; and
  • Oversees development of processes to define and address new risks.

 

Risk Manager/Executive Compliance Committee

  • Coordinates, on an ongoing basis, the implementation of the Risk Management Plan;
  • Reviews Risk Matrix and reports to the CEO on recommended changes;
  • Regularly convenes the Leadership Team to discuss the Register of Major Risks and necessary changes to that register; and
  • Develops and implements risk management procedures and training as needed.

 

Department Heads

  • Ensure that risk management controls and processes are included in all planning and research;
  • Encourage an organizational climate that supports risk management;
  • Ensure that employees understand the importance and consequences of risk management issues in their immediate work areas
  • Identify any new risks and report them to the Executive Committee.

 

Staff

  • Identify any new risks and report them to their immediate supervisor;
  • Assist in development and implementation of processes to mitigate risk; and
  • Adapt the risk management plan to immediate work areas and processes wherever possible.

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