{"id":563,"date":"2022-01-10T15:05:15","date_gmt":"2022-01-10T15:05:15","guid":{"rendered":"https:\/\/www.tamus.edu\/risk\/?page_id=563"},"modified":"2023-05-30T21:10:28","modified_gmt":"2023-05-30T21:10:28","slug":"enterprise-risk-management","status":"publish","type":"page","link":"https:\/\/www.tamus.edu\/risk\/risk-management\/enterprise-risk-management\/","title":{"rendered":"Enterprise Risk Management"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"563\" class=\"elementor elementor-563\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aef5236 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aef5236\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-7413751\" data-id=\"7413751\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d19a85d elementor-widget elementor-widget-image\" data-id=\"d19a85d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.tamus.edu\/risk\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/21-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-794\" alt=\"Office of Risk Management Home\" srcset=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/21-150x150.png 150w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/21-300x300.png 300w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/21.png 500w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-e304766\" data-id=\"e304766\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b54918a elementor-widget elementor-widget-image\" data-id=\"b54918a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.tamus.edu\/risk\/workers-compensation\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/20-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-795\" alt=\"Workers&#039; Compensation Home\" srcset=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/20-150x150.png 150w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/20-300x300.png 300w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/20.png 500w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-68b6f4a\" data-id=\"68b6f4a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d0778fa elementor-widget elementor-widget-image\" data-id=\"d0778fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.tamus.edu\/risk\/risk-management\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/19-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-796\" alt=\"Risk Management Home\" srcset=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/19-150x150.png 150w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/19-300x300.png 300w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/05\/19.png 500w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-9d888f2\" data-id=\"9d888f2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-500ebb3 elementor-widget elementor-widget-image\" data-id=\"500ebb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/live.origamirisk.com\/Origami\/IncidentEntry\/Direct?token=moTn1T4gmzSucpRjPWLlSBlYhna%2BEZfM8DJcYKUZjA2fxYtWZsSEGmSPa%20dR8JS0FXS31Twf1BKpDooWOu6c7Dm9tu5hrx9uu7lW62wDsIfEIc5c7L1trKaB44vGNiWws\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2021\/09\/9-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-87\" alt=\"Origami Portal\" srcset=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2021\/09\/9-150x150.png 150w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2021\/09\/9-300x300.png 300w, https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2021\/09\/9.png 500w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b77277 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b77277\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39881f2\" data-id=\"39881f2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c5969f elementor-widget elementor-widget-spacer\" data-id=\"3c5969f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9133a7 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"a9133a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ea604d elementor-widget elementor-widget-heading\" data-id=\"0ea604d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Enterprise Risk Management<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c3e5eb6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3e5eb6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-905d3e9\" data-id=\"905d3e9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16a5768 elementor-widget elementor-widget-text-editor\" data-id=\"16a5768\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">Enterprise Risk Management (ERM) is the System\u2019s comprehensive program to identify and proactively manage real and potential threats as well as opportunities that may affect System members.<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">\u00a0<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">The Texas A&amp;M University System will use the ERM to assess and define actions to be taken by System members to identify, monitor, and mitigate risks that threaten the achievement of strategic plan goals and\/or continuing operational programs.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-02d0dfa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"02d0dfa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3a2dd4\" data-id=\"b3a2dd4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fad3cde elementor-widget elementor-widget-heading\" data-id=\"fad3cde\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ERM Integration and Compliance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc29096 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc29096\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6b1070\" data-id=\"b6b1070\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d1509e elementor-widget elementor-widget-text-editor\" data-id=\"3d1509e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">In May of 2012 The Board of Regents put System Policy 16.01 into effect; this policy outlines the framework for all System members to create a System Ethics and Compliance program.\u00a0 The ethics and compliance program is meant to assess and ensure compliance by the officers and employees of the system or a member with applicable laws, rules, regulations, and policies.\u00a0 Also approved in May, System Regulation 16.01.01, System Ethics and Compliance, states that each system member is required to set up an infrastructure (committee) to systematically identify and address risks so that faculty and staff are aware of their ethical and compliance responsibilities.<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">Your member institution&#8217;s ERM committee will be identifying and mitigating many of these same opportunities and risks as the compliance program.\u00a0 It is System Risk Management&#8217;s goal to ensure that duplicate efforts are not being carried out and there is a partnership between these two committees.\u00a0 Working together will assist both committees with the identification of different risks, strategizing the best mitigation efforts, and promoting a culture of risk management as well as achieving high levels of ethics and compliance.\u00a0 Working together and sharing resources will maximize the effectiveness of both committees.<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">\u00a0<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2022\/07\/24-01.pdf\" target=\"_blank\" rel=\"noopener\">Policy 24-01<\/a><\/span><\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/drive.google.com\/file\/d\/15TToXJO7_ZgtDV7_9pGg9Dx8pXPepr0X\/view?usp=sharing\"><span style=\"font-size: 12pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">System Policy 16.01<\/span><\/a><\/span><\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/drive.google.com\/file\/d\/1UDOyqaZkrqM8NS8o3y6TXC2PRq-Ds6e4\/view?usp=sharing\"><span style=\"font-size: 12pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">System Regulation 16.01.01<\/span><\/a><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b1da7cd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b1da7cd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c31f7e\" data-id=\"3c31f7e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1fc9605 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"1fc9605\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/drive.google.com\/file\/d\/1fau1MlpiEboJSJAF6yht1u5TakkptCfG\/view\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">System ERM Presentation<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47bd85e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47bd85e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-90dc4dd\" data-id=\"90dc4dd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5efc466 elementor-widget elementor-widget-heading\" data-id=\"5efc466\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Links and Tools<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-01631a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"01631a6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e72a317\" data-id=\"e72a317\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bad7c17 elementor-widget elementor-widget-text-editor\" data-id=\"bad7c17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">These tools will enable you to visualize, assess and manage risks that may adversely impact the attainment of key organizational objectives.<\/span><\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-weight: bold; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">ERM Process:<\/span><\/p><ul style=\"margin-top: 0; margin-bottom: 0; padding-inline-start: 20px;\"><li dir=\"ltr\" style=\"list-style-type: square; font-size: 11pt; font-family: Arial; color: #000000; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; margin-left: 7.5pt;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.38; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 12pt; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">Step One:<\/span><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1DkyIojI8JTaZXwKxsuj_esBJl0HupiwI\/edit?usp=sharing&amp;ouid=113676597454200863945&amp;rtpof=true&amp;sd=true\"> <span style=\"font-size: 12pt; color: #0097a7; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Complete Risk Matrix<\/span><\/a><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: square; font-size: 11pt; font-family: Arial; color: #000000; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; margin-left: 7.5pt;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.38; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 12pt; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">Step Two:<\/span><a href=\"https:\/\/docs.google.com\/document\/d\/1zDxDht8XiXQKGsp20odLkSK2e-cVq6U9\/edit?usp=sharing&amp;ouid=113676597454200863945&amp;rtpof=true&amp;sd=true\"> <span style=\"font-size: 12pt; color: #0097a7; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Complete Risk Ranking Template<\/span><\/a><\/p><\/li><li dir=\"ltr\" style=\"list-style-type: square; font-size: 11pt; font-family: Arial; color: #000000; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; margin-left: 7.5pt;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.38; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 12pt; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">Step Three:<\/span><a href=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/02\/FY2024-Risk-Matrix.xlsx\"> <span style=\"font-size: 12pt; color: #0097a7; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Complete Risk Mitigation and Reporting Template<\/span><\/a><\/p><\/li><\/ul><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-weight: bold; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">ERM Example:<\/span><\/p><ul style=\"margin-top: 0; margin-bottom: 0; padding-inline-start: 20px;\"><li dir=\"ltr\" style=\"list-style-type: square; font-size: 11pt; font-family: Arial; color: #000000; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; margin-left: 7.5pt;\" aria-level=\"1\"><p dir=\"ltr\" style=\"line-height: 1.38; margin-top: 0pt; margin-bottom: 0pt;\" role=\"presentation\"><span style=\"font-size: 12pt; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">WTAMU ERM-<\/span><a href=\"https:\/\/www.wtamu.edu\/business-finance\/risk-management\/enterprise-risk-management.html\"> <span style=\"font-size: 12pt; color: #003c77; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">https:\/\/www.wtamu.edu\/business-finance\/risk-management\/enterprise-risk-management.html<\/span><\/a><\/p><\/li><\/ul><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\">\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf0b7dd elementor-widget elementor-widget-button\" data-id=\"bf0b7dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.tamus.edu\/risk\/wp-content\/uploads\/sites\/130\/2023\/02\/TAMUS-2023-Risk-Register.xlsx\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">TAMUS Risk Register:  To be used as a resource<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06af540 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06af540\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-214b873\" data-id=\"214b873\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d9cdea elementor-widget elementor-widget-heading\" data-id=\"9d9cdea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Standards and Best Practices<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b72fc8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b72fc8c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d50c97f\" data-id=\"d50c97f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc2c54f elementor-widget elementor-widget-text-editor\" data-id=\"fc2c54f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">System Risk Management is providing a common language and set of standards to identify, evaluate, prioritize, and manage ongoing risks inherent at your institutions.&nbsp; The below elements should be applied across the enterprise in accordance with the strategic plan, but can also be used as a tool to address departmental or functional unit level risk.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">&nbsp;<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Identify and Prioritize Risk<\/span><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">-Identify and prioritize risk associated with the achievement of strategic plan goals and\/or other key continuing operational programs.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\">\n<\/p><p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"background-color: transparent; font-size: 12pt; font-family: Arial; color: #666666; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Determine Level of Acceptable Risk<\/span><span style=\"background-color: transparent; font-size: 12pt; font-family: Arial; color: #666666; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">\u2013 Management determines the level of risks acceptable to the organization, including the acceptance of risks designed to accomplish the organization\u2019s objectives.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><br><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"background-color: transparent; font-size: 12pt; font-family: Arial; color: #666666; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Develop Mitigation Activities<\/span><span style=\"background-color: transparent; font-size: 12pt; font-family: Arial; color: #666666; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">\u2013 Develop and implement mitigation activities to reduce or otherwise manage risk at levels determined to be acceptable to management.<\/span><\/p>\n<p><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Conduct Ongoing Monitoring<\/span><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">\u2013 Conduct monitoring activities to periodically reassess risk and the effectiveness of controls to manage risk.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 1.656; margin-top: 0pt; margin-bottom: 0pt;\"><span style=\"font-size: 12pt; font-family: Arial; color: #666666; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">&nbsp;<\/span><\/p>\n<p><span style=\"background-color: transparent; font-size: 12pt; font-family: Arial; color: #666666; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;\">Report Periodically on ERM process<\/span><span style=\"background-color: transparent; font-size: 12pt; font-family: Arial; color: #666666; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;\">\u2013 Report and communicate quarterly on the application of the Enterprise Risk Management tools in the management of risk.&nbsp; Risk deficiencies should be reported upstream, with serious matters reported to top management<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Enterprise Risk Management Enterprise Risk Management (ERM) is the System\u2019s comprehensive program to identify and proactively manage real and potential threats as well as opportunities that may affect System members. \u00a0 The Texas A&amp;M University System will use the ERM to assess and define actions to be taken by System members to identify, monitor, and&#8230;<\/p>\n","protected":false},"author":1790,"featured_media":0,"parent":313,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"hide","_kad_post_layout":"fullwidth","_kad_post_sidebar_id":"","_kad_post_content_style":"unboxed","_kad_post_vertical_padding":"hide","_kad_post_feature":"hide","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"class_list":["post-563","page","type-page","status-publish","hentry"],"taxonomy_info":[],"featured_image_src_large":false,"author_info":{"display_name":"smcdermott","author_link":"https:\/\/www.tamus.edu\/risk\/author\/smcdermott\/"},"comment_info":0,"_links":{"self":[{"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/pages\/563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/users\/1790"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/comments?post=563"}],"version-history":[{"count":0,"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/pages\/563\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/pages\/313"}],"wp:attachment":[{"href":"https:\/\/www.tamus.edu\/risk\/wp-json\/wp\/v2\/media?parent=563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}