Professional standard: Strategy and performance

Strategy and performance

Risk management policy and procedures

Definition: The development and implementation of proportionate risk management policy, guidelines, procedures and action plans.

 

Leadership level

Senior level

Management level

Support level

Policy

Develops a risk management policy that is consistent with the risk management strategy.

Implements plans and priorities to deliver risk management policy within agreed timescales and budgets.

Explains the purpose, role and benefits of embedding risk management policy and procedures into organisational policies and procedures.

Explains the purpose of risk management policy and procedures and its components.

Roles and responsibilities

Defines risk management accountabilities and methodologies that meet strategy requirements.

Implements risk management policy ensuring that ownership and responsibilities are fulfilled within authority limits.

Advises on the appropriate use of methodologies, tools and techniques within the context of the risk policy.

Explains the features of methodologies, tools and techniques and their uses.

Resources

Secures commitment and resources that will enable the implementation of the risk strategy.

Reviews the effectiveness of risk management policy and processes and the use of resources and makes recommendations.

Uses a range of resources to analyse management information to support recommendations for improvements to risk management policies and procedures.

Provides management information to support improvements to risk management policies and procedures.