Risk Management and Insurance Services
YOU MAY ALSO WANT...
- What is a risk?
- What is risk management?
- Why is risk management important?
- How do I report a risk?
- What is the process for monitoring risks?
- Who is my risk champion?
- How do I apply for risk management funding?
- How does risk management fit with the Competency Framework?
- How do I arrange risk management training?
Risk is the chance of something happening that will have an impact on our objectives, whether that impact is in an opportunity or a negative event.
Risk management is about understanding and evaluating risks whether they are an opportunity or a threat. It is not about being risk averse. See the risk management guidance page for more information.
If we manage risk successfully we'll be more effective and efficient which can lead to improved customer service delivery.
Each department has a risk champion who makes sure that there is a consistent approach to identifying, evaluating and managing risks as part of our risk management Strategy. Any potential risks should be reported to your risk champion. A copy of the current risk management strategy can be found on the risk management page.
Risks are formally monitored every six months. The results are then reported to the Corporate Management Team, Cabinet Planning and Audit Committee.
Risk champions are listed in the risk management contact list.
A risk management fund is available to help towards risk reduction plans. Details on the criteria and application forms can be found on the risk management guidance page.
Risk management now forms part of our Competency Framework, which will be used to assess your contributions to make sure that we identify, evaluate, prioritise and control risks and opportunities facing the council in achieving its objectives.
Please see the risk management guidance page for full information on training.