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Control Framework Breakfast Group

Join us at the Control Framework Breakfast Group event on 29th May to delve into the importance of frameworks in Service Companies and more. The agenda includes discussions, networking, and much more. Don't miss out!

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Control Framework Breakfast Group

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  1. Control Framework Control Framework Breakfast Group 29th May Agenda • 9.15 Arrival – Tea/Coffee served • 9.30 Breakfast served • 9.45 The importance of the Framework within the world of Service Companies • 10.15 Q&A • 10.30 Networking • 11.00 Close

  2. Q2 Q2 Q1 Q2 Q3 Q3 Q4 Q4 2013 2011 2012 Q1 Understand project rationale Understand data standards & control framework Assess risks Identify controls & gaps Agree assurance approach with Lloyd’s Design & plan implementation Develop / Implement controls Review & monitor Activities Activities Activities Activities • Complete the Risk Assessment • Document key controls • Produce remediation plan to address • any gaps • Confirm evidence required for • effective controls • Determine the extent of sharing • assurance with Lloyd’s • Assess impact from changes • Plan the implementation & change • management • Controls and procedures in • operation • Training sessions • Stakeholder communication • sessions • Confirm test plan for controls • Confirm audit check list Lloyd’s meet with managing agents to explain what is required of the managing agents Analyse and assess where each managing agent wants to be by 2012 • Test controls • On-going feedback & monitor Outputs Outputs Outputs Outputs • Risk assessment and control matrix • Design adequacy assessment • Evidence retention plan • Content agreed on the evidence • based assurance • Detailed impact analysis • Implementation plan, including • change management Each managing agent: has identified a framework owner has set up a Governance Group with roles and responsibilities assigned has a project team to see the implementation through has carried out a high level impact analysis Operations procedure manual Training material Stakeholder communication pack Audit check list • Design effectiveness report • Operational effectiveness • report • Report review

  3. Control Framework Checkpoint Progress • Checkpoint 2: By end of Jan 2012 • Allocate Project Owner • Confirm Start Date • Checkpoint 3: By end Q2/2012 • Assess Risks • Identify Controls and Gaps • Checkpoint 4: By end Q2/2012 • Evidence remediation plan • Checkpoint 5: By end Q2/2012 • Agree assurance to be shared

  4. Control Framework • Questions?

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