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College Finance Directors

FE Risk Management Guidance

David McIntyre

February 2012

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Agenda

• Project approach

• The risk management questionnaire

• The changing risk environment

• What next?

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Project approach

• Need for guidance

• Project steering group

• Risk management questionnaire

• Development of the guidance

• Publication and awareness building

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The risk management questionnaire

• Purpose / content

• Participation

• Outcomes

• Shaping the guidance

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Risk management questionnaire

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Risk management questionnaire

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Risk management questionnaire

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Risk management questionnaire

• Other interesting responses:– Links to corporate objectives– Frequency of update of risk registers– Use of other risk management guidance– Top risks

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The changing risk environment

• The view of the sector

• Risk velocity and promoting a dynamic approach

• Latest risk thinking

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What next?

• Refine or redesign?

• Continuous development

• Risk benchmarking and knowledge sharing