Risk Management Strategy and Policy Framework
We improve our services through strategies and frameworks. The identification, assessment, management, monitoring, and mitigation of risk plays an important part in our strategic, innovative service delivery.
All council officers have a duty to ensure any risks are understood and managed. This is part of their roles and our governance processes. We keep risk registers at corporate, service and project levels to allow for regular monitoring and review.
Risks
Any risk can negatively affect our abilities. We assess them in terms of the potential impact and the frequency or likelihood of it occurring. They are managed, mitigated, and checked throughout delivery of a service.
A risk could be strategic, operational, compliance (regulatory, policy or process related), financial or reputational risks.
Risk management
Our risk management process is four stages:
- Identify the risk.
- Assess the risk in terms of likelihood and impact.
- Respond to the risk in a manner proportionate to the expected benefits.
- Monitor and report.
As a council we have control measures in place to manage risks i.e. policies, procedures and governance. We also have oversight through our committee structures, internal audit and independent external auditors.
More information
Click here to view this framework as a Word document. (Word 605KB)