Resilient Policies & Procedures

Establishing Risk Management: Policies and Procedures

Developing the array of documentation, standards, procedures and statements to support risk management activities requires significant time and effort as well as insights of the successful practices and elements of enterprise risk programmes.

Combined with the challenges associated with staying on top of changing and new regulations, increasing complexity, and higher levels of uncertainty, risk management teams and leaders face challenges in developing, enhancing and updating policies, procedures and documents, irrespective of the industry or sector.

Establishing Risk Management: Policies and Procedures

What's Required

Risk Management Policy

The risk management policy is among the first things organisations consider when putting together their risk management function, structure and framework.

Risk Appetite Statements

A well constructed risk appetite statement sets out how much risk is acceptable as we execute our strategy, run our business and work towards achieving our objectives while delivering value for stakeholders.

Risk Management Reporting

Having identified, evaluated and planned our risk responses, we need to engage stakeholders by means of direct, effective and timely communication and the most widely means is by way of risk reports.

Risk Management Structure & Process

Establishing comprehensive processes and an effective risk management organisational structure requires engagement across a wide range of stakeholders.

What's Required

The Benefits

  • Establish a sound foundation for risk management
  • Key tools, methodologies and processes for risk management
  • Clarity on how risk is managed
The Benefits

Establishing Risk Management: Policies and Procedures

Developing the array of documentation, standards, procedures and statements to support risk management activities requires significant time and effort as well as insights of the successful practices and elements of enterprise risk programmes.

Combined with the challenges associated with staying on top of changing and new regulations, increasing complexity, and higher levels of uncertainty, risk management teams and leaders face challenges in developing, enhancing and updating policies, procedures and documents, irrespective of the industry or sector.

What's Required

Risk Management Policy

The risk management policy is among the first things organisations consider when putting together their risk management function, structure and framework.

Risk Appetite Statements

A well constructed risk appetite statement sets out how much risk is acceptable as we execute our strategy, run our business and work towards achieving our objectives while delivering value for stakeholders.

Risk Management Reporting

Having identified, evaluated and planned our risk responses, we need to engage stakeholders by means of direct, effective and timely communication and the most widely means is by way of risk reports.

Risk Management Structure & Process

Establishing comprehensive processes and an effective risk management organisational structure requires engagement across a wide range of stakeholders.

The Benefits

  • Establish a sound foundation for risk management
  • Key tools, methodologies and processes for risk management
  • Clarity on how risk is managed

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IRM Advisory Services Ltd, a company registered in England and Wales under number 13705919. IRM Advisory Services Ltd is a fully owned subsidiary of Institute of Risk Management.