The University has recently released an updated Risk Management policy, following some changes to risk identification and reporting processes. Council has noted that this influenced thinking about resource allocation, including anti-fraud, and business continuity. In a similar vein, MSD have recently had the go-ahead for a continuous improvement project to look towards integrating the Divisional Risk Register with decision making and project management.
The highest risks from the divisional risk registers are identified and escalated to the University Risk Register, where they are overseen by appropriate committees of Council. As part of the Digital Transformation project, a summary report recommended an integrated Governance, Risk & Compliance management tool and we are expecting an update this term. For those who are interested, a high level list of the 15 principal risks from the University Risk Register can be found on the University website (single-sign on required).