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UNIVERSITY RISK MANAGEMENT PROCESS. Executive Compliance Committee Oversight of Institutional Compliance Program. Institutional Risk Assessment “Top 10” Annual facilitation session with Executive Officers and others. Level 2 Risk Assessment of “Top 10” VP’s of affected area
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UNIVERSITY RISK MANAGEMENT PROCESS Executive Compliance Committee Oversight of Institutional Compliance Program Institutional Risk Assessment “Top 10” Annual facilitation session with Executive Officers and others • Level 2 • Risk Assessment of “Top 10” • VP’s of affected area • Clarification of Top 10 risks • EO’s will assign responsible parties for COMPLIANCE risks • EO’s will act on their on discretion for non-compliance risks • Level 3 • Compliance Risks • Responsible parties/assigned personnel • Perform risk assessment • Develop risk management plans • ICRS facilitates process • Reviewed and approved • Institutional Compliance Committee oversight • Level 3 • Non-compliance Risks • At EO’s discretion • Responsible parties/assigned personnel • Perform risk assessment • Develop risk management plans • ICRS facilitates process if requested