The role.
Job Title
Head of Risk Management
Principal duties & responsibilities • To lead and develop the University’s risk management strategy, including the development of an overarching integrated risk management framework for the organisation. • To oversee development and implementation of the health and safety strategy, and health and safety management system, providing leadership to a dedicated team responsible for ensuring these are consistent with and meet organisational and statutory requirements. • To ensure the university’s governance arrangements for risk management meet regulatory and best practice requirements and the approach integrates effectively with the university’s internal control framework. • To produce the university’s risk management policy and framework to support the faculties and departments in managing their risks, informing decision- making and the prioritisation of actions relative to the university’s strategic vision and objectives. • To lead the design, implementation and delivery of the institutional risk management framework and approach with university leadership and management teams across the organisation including supporting the identification, collation, and escalation of risks. • To be responsible for ensuring that the risk management arrangements are effective in enabling delivery of the strategic priorities, and advising on risks
Grade
9
make recommendations as appropriate to the sponsoring management or committee. • To monitor and review the effectiveness of university risk transfer arrangements including but not limited to contract management and the insurance programme. • To lead the quarterly review of the university risk register with senior leadership and management teams across the university. • To support management and senior leadership in the escalation of critical risks, issues and incidents with the potential to expose the university to material risk or loss. • To lead on organisation-wide risk assessment activities addressing operational and strategic risks, including undertaking risk modelling, scenario planning and qualitative and quantitative focused analysis to support organisational understanding and insight. • To prepare reports, insights, and analysis on risk management topics for the attention of senior committees including but not limited to the University Leadership Team, the Internal Audit Committee, and the Board of Governors. • To lead on the production of the annual assessment of risk management maturity and to prepare an annual maturity assessment report covering risk culture and the use of risk appetite and tolerances and the integration of risk management into organisational decision-making. • To manage the annual review of the adequacy of the risk management framework as an integral part of operational compliance and the control environment.
relating to new initiatives and major strategic decisions. • To lead on the preparation of the Business Continuity Management Strategy and Annual Plan of Work ensuring it is consistent with and supportive of the agreed Risk Management Framework. • To lead the preparation and implementation of the institution’s emergency preparedness and response strategy and arrangements, including the provision of training, guidance and support to the leadership team and senior management. • To lead the development and implementation of the university’s Business Continuity Management approach including the identification and assessment of dependency risks, and the preparation of Business Continuity Plans to be owned and led by the responsible management teams. • To build risk management capabilities across the university by providing risk management tools and templates and delivering training, advice, guidance, and support to risk owners with the objective of enhancing internal control techniques. • To promote a risk managed culture across the university by the sharing of knowledge and information, the provision of training and the promotion of risk management and continuous improvement techniques to. • To manage the annual review of the university’s risk appetite and promoting its application to risk-based decision-making across the organisation. • To lead on investigations and reviews of specific risks and to prepare reports and
Responsible to
Associate Director of Governance, Compliance and Risk
Overall purpose The Head of Risk Management is an integral member of the Governance, Compliance and Risk Office, supporting the Associate Director of Governance, Compliance and Risk and the Chief Operating Officer in the development and delivery of the risk management strategy and integrated risk management framework. The role will have significant input to the University’s strategic and business planning processes, providing advice on all risk management aspects including risk appetite. The post holder will be an experienced, senior, highly qualified and competent professional with broad experience and a highly developed skill-set in risk management. The individual will proactively negotiate and influence at senior levels within the organisation, linking closely to the Board, the executive, senior management and staff in the provision of the University’s Risk management agenda.
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