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Guide For RM Core Team Selection

The document outlines the roles and responsibilities of a Risk Management (RM) Core Team, which is crucial for enhancing an agency's risk management. It discusses the roles of top management, an RM leader, an RM secretariat, RM champions, RM team members, and auditors. Top management leads RM establishment and ensures risks are considered in objectives. The RM leader oversees RM implementation and acts as a liaison. The secretariat provides administrative support. Champions ensure risks are addressed in their areas. Team members oversee risk controls. Auditors evaluate control effectiveness. The guide selection considerations for the core team focus on key personnel who can plan, attend meetings, and monitor outputs to strengthen the agency's risk management.

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MG Papilleras
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45 views3 pages

Guide For RM Core Team Selection

The document outlines the roles and responsibilities of a Risk Management (RM) Core Team, which is crucial for enhancing an agency's risk management. It discusses the roles of top management, an RM leader, an RM secretariat, RM champions, RM team members, and auditors. Top management leads RM establishment and ensures risks are considered in objectives. The RM leader oversees RM implementation and acts as a liaison. The secretariat provides administrative support. Champions ensure risks are addressed in their areas. Team members oversee risk controls. Auditors evaluate control effectiveness. The guide selection considerations for the core team focus on key personnel who can plan, attend meetings, and monitor outputs to strengthen the agency's risk management.

Uploaded by

MG Papilleras
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Technical Assistance on

Strengthening Risk Management


RISK MANAGEMENT (RM) CORE TEAM

The creation of the RM Core Team is crucial to the enhancement of the


Agency’s Risk Management.

A. Roles and Responsibilities

1. Top Management

a) Leads the establishment implementation, and monitoring of the RM;


b) Ensures that risk management is integrated into all organizational
activities
c) Establishes and communicates a policy that advocates a risk
management approach;
d) Ensures that risks are adequately considered when setting the
organization’s objectives;
e) Assigns authority, responsibility and accountability at appropriate levels
within the organization;
f) Ensures allocation of appropriate resources for risk management;
g) Communicates the value of risk management to the organization and its
stakeholders
h) Reviews the results of the evaluation of the performance of the RM
Framework against its purpose, implementation plans, indicator and
effectiveness of the actions taken to address the risks;
i) Attends team meetings;
j) Conducts Management Review meetings; and,
k) Ensure allocation of appropriate resources.

2. RM Leader/Head

a) Oversees the establishment, documentation, and effective implementation


of the RM of the entire organization;
b) Promotes risk-based thinking in overseeing the effectiveness of the
agency-wide RM;
c) Acts as liaison with external parties on matters relating to the agency-wide
RM;
d) Ensures that the RM Framework (as specified by ISO 31000) is
customized against the organization’s QMS and remains appropriate to
the context of the organization;
e) Ensures that systems to manage risks are implemented and operating
effectively;
f) Monitors and evaluates the performance of the RM Framework
Implementation Plan;

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g) Ensures that documented information related to the RM implementation
are established, updated, and implemented agency-wide;
h) Promotes systematic monitoring of risks associated to the organization’s
processes;
i) Attends team meetings; and,
j) Reports to the Top Management the results of the evaluation of the
performance of the RM Framework.

3. RM Secretariat

a) Facilitates the delivery of specific outputs in-line with the RM;


b) Plans and coordinates effective deployment and efficient use of human,
financial, and other physical resources for implementing risk
management;
c) Provides administrative support to successfully implement the RM
Framework;
d) Ensures that documented information relevant to risk management are
maintained and retained;
e) Facilitates the delivery of specific outputs in-line with the training and
workshops on Strengthening Risk Management for the organization. In
line with this, the RM Secretariat is tasked to:
•Notify meeting/training participants;
•Assist the RM Leader in updating the RM Framework Implementation
Plan;
•Consolidate outputs expected from the RM Champions;
•Prepare minutes of the meetings
f) Ensures that RM project documented information is maintained and
retained.

4. Risk Management Champions

a) Ensures that risks are adequately considered when setting their functional
objectives;
b) Ensures that information about the risks associated to their processes
and their management is properly communicated;
c) Monitors their areas of responsibility to ensure that risks are identified and
managed;
d) Carries out risk identification, analysis, evaluation and determines
appropriate actions to control the risks;
e) Implements the actions to control risks; and,
f) Complies with risk management policy, framework and procedures.

5. Risk Management Team Members – Central Office and Regional Offices

a) Performs oversight function in ensuring that the established risk controls


and related activities are consistently implemented and incorporated in the
planning activities of the organization;
b) Plans and coordinates effective and efficient use of risk control tools;
c) Ensures that the risks are identified at the strategic and process levels;
d) Monitors actions taken to address the risk;
e) Reports the status of the effectiveness of risk actions taken;
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f) Attends team meetings; and,
g) Ensures that planning and risk-related information are maintained and
retained.

6. Auditors
a) Evaluates the effectiveness of the controls established by the RM
Champions to address the risks associated to their processes;
b) Reports to the Top Management the results of the evaluation of the
effectiveness of the controls to address risks.

B. Guide in Selecting the Team

Considerations
Top Management ● Highest ranking official and officers of the agency
● The expanded role for top management that require
the organization’s leaders to understand what the RM
represents, how “effectiveness” is determined, and to
ascertain whether the RM is performing satisfactorily.
RM Secretariat ● Key personnel who will be available to prepare,
(1 team leader and 1-2 attend, and document the project activities and
members from the Central monitor the schedules and outputs.
Office) ● Preferably maintaining the RM Secretariat members
from the initial ISO 9001-certification.
Risk Management ● Key personnel who are in-charge or planning, risk
Champion and Team management and public service continuity in the
Members central office and regional offices
● Preferably include key officers/personnel
(1 Champion and 1 from/involved in the organizational planning function.
member from the Central
Office and 1 member per
Regional Office)
Note:

● There will be 25 participants who will attend the training courses, which will
mainly be from the RM Core Team.
● Choose RM Team members who will be available to complete the project.

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