Enterprise Risk Management
|
|
|
- Austen Turner
- 10 years ago
- Views:
Transcription
1 Enterprise Risk Management EACUBO Workshop March 20, 2014 Janice M. Abraham, President & CEO
2 ERM: A process forward 2
3 ERM A business process, led by senior leadership, that expands the core concepts of risk management: 1. Identifying risks across the enterprise 2. Assessing the impact of the risks to the plans and mission 3. Developing and testing mitigation plans 4. Monitoring identified risks and consistently scanning for emerging risks ERM: A process forward 3
4 Roles Senior Administration Owns ERM Department heads involved in operational risks Full Board/Executive Committee Sets tone, addresses strategic and governance risks and fills in gaps Standing Committees Understand programs and risks Audit Committee Owns specific risks and process ERM: A process forward 4
5 Best Practices Tone at the top matters Champions are essential Understand and embrace specific roles Question sacred cows Understand, respect, and appreciate differences between business and education Incorporate RM into board committees and full board s work Ask questions, require annual updates, establish accountability ERM: A process forward 5
6 Opportunities for ERM Strategic plan Annual operating plan Major new initiatives New buildings It s a process not a project ERM: A process forward 6
7 University of Alberta RM process ERM: A process forward 7
8 University A. Risk Register: 1. Adequacy of financial resources 2. Information technology infrastructure, systems and support 3. Age and condition of facilities and physical plant infrastructure 4. Recruitment and retention of top personnel 5. Individual and institutional conflict of interest, employee misconduct, regulatory non-compliance 6. Execution of Strategic Plan ERM: A process forward 8
9 University B. Risk Register: 1. Governance 2. Student enrollment 3. Liquidity, debt and reserves 4. Health care costs 5. Management turnover 6. Return on investment in new capital projects and programs 7. Legal/regulatory compliance 8. Information security 9. Disaster recovery and business continuity 10. Potential for fraud and conflicts of interest ERM: A process forward 9
10 Liberal Arts College Risk Register: 1. Enrollment: Student s perceived return on investment 2. Succession planning for President/Senior staff 3. Facilities: Age and condition not keeping pace with student demand and increase in sciences 4. Health and safety of students focused on alcohol and sexual assault 5. Information technology infrastructure, security and renewal 6. Endowment growth ERM: A process forward 10
11 University C. Risk Register Strategic Plan implementation Income diversification New initiatives: Research, Accreditation Governance Faculty: Demographics Compliance: Research, Title IX, Clery Athletics: Compliance, funding, injuries ERM: A process forward 11
12 University B. Risk Assessment ERM: A process forward 12
13 Strategic: Full Board/Executive Committee Crisis response and BCP Information Technology Reputation and Brand Strategic Planning ERM: A process forward 13
14 Strategic: Governance/Board Affairs Board performance Conflicts of interest/code of conduct Board and Admin Communications By-laws ERM: A process forward 14
15 Finance & Land Use Income diversification Debt Conflict of interest Campus master plan Deferred maintenance and life safety Space utilization Total cost of capital projects ERM: A process forward 15
16 Audit Compliance Coordination of audit plan and gap analysis Whistle blower, fraud and reporting ERM: A process forward 16
17 Academic Affairs Academic quality Accreditation: New and ongoing programs Blended learning strategy Entrepreneurial ventures Faculty; recruitment, tenure, development Global strategy ERM: A process forward 17
18 Campus Life: Academic & Student Affairs Admissions, Enrollment, Retention Alcohol and drug use Athletics Campus safety and security: Clery Act, VAWA Sexual Assault/Title IX Experiential Learning Financial aid/student debt Student Health Center and Mental Health ERM: A process forward 18
19 Research Intellectual property Conflicts of interest Financial sustainability Incubator support ERM: A process forward 19
20 Development Gift acceptance and use policy and procedures Comprehensive campaign support ERM: A process forward 20
21 Lessons learned from others: Focus on high-impact risks Focus on mitigation plans Take on the tough issues and sacred cows All risks must have owners It s a process and business tool, not a project ERM: A process forward 21
22 All information provided is of a general nature and is not intended to address the circumstances of any particular individual or entity. No one should act upon this information without appropriate professional advice after a thorough examination of the facts of the particular situation. Copyright 2013 by United Educators Insurance, a Reciprocal Risk Retention Group. All rights reserved. Contents of this document are for members of United Educators only. Permission to post this document electronically or to reprint must be obtained from United Educators.
Attorney Perspectives: Enterprise Risk Management in a Time of Innovation
Attorney Perspectives: Enterprise Risk Management in a Time of Innovation Nancy Pringle, Vice President and General Counsel, Ithaca College Stephen Sencer, Senior Vice President and General Counsel, Emory
Opportunity. for Greater Relevance LEVERAGING ENTERPRISE RISK MANAGEMENT: By Janice M. Abraham, Robert Baird, and Frank Neugebauer
LEVERAGING ENTERPRISE RISK MANAGEMENT: Opportunity for Greater Relevance By Janice M. Abraham, Robert Baird, and Frank Neugebauer Enterprise Risk Management (ERM) gained a foothold in higher education
Implementing Entrepreneurship Programs Utilizing a Change Management Model
Implementing Entrepreneurship Programs Utilizing a Change Management Model Presented By Mary M. Secor Executive Director of Workplace Learning Crisis Prevention Institute [email protected] Implementation
Risk Analysis and Evaluation 2015 Tier 1 Risk Profile. UNCW Institutional Risk Management
Risk Analysis and Evaluation 2015 Tier 1 Risk Profile UNCW Institutional Risk Management Presented to the Audit Committee of the UNCW Board of Trustees, April 16, 2015 Introduction and Purpose One of the
Understanding Enterprise Risk Management. Presented by Dorothy Gjerdrum Arthur J Gallagher
Understanding Enterprise Risk Management Presented by Dorothy Gjerdrum Arthur J Gallagher Learning Objectives Understand the components of a wellrun ERM program Review scope and process Explore the role
Now Available on www.ue.org
Now Available on www.ue.org UE Online Courses Education-specific, efficient, engaging. UE s online courses are designed to help you and others on your campus manage risks at your school, college, or university.
Enterprise Risk Management Panel Discussion
Enterprise Risk Management Panel Discussion Facilitators Bill Cole, VCU and VCUHS CAE Michael Bordoni, former Emory University CAE, now DHG (Dixon Hughes Goodman LLP) Risk Advisory Services Partner Gary
Organizational Change Management: A Best Practice to Effective ERM Implementation
Organizational Change Management: A Best Practice to Effective ERM Implementation Christine Ackerman, CPA Associate Vice President & Director of Internal Audit University of Cincinnati Anita Ingram, ARM
Sample questions for a development audit
12-00 Sample questions for a development audit These questions demonstrate the scope of issues you should consider if you want to evaluate your fund development program. Often a development audit is conducted
Enterprise Risk Management for Independent Schools. Denise K. Gutches President DKG Consulting, Inc.
Enterprise Risk Management for Independent Schools CAIS Trustee/ School Heads Conference Westin St. Francis January 25-26, 2014 Ronald C. Wanglin, CIC, CSRM Chairman of the Board Bolton & Company Denise
WHS Risk Assessment and Control Form
WHS Risk Assessment and Control Form Step 1: Who has conducted the Risk Assessment Risk Assessment completed by (name): Staff / Student Number: Signature: Date: Step 4: Documentation and initial approval
Online Learning Taskforce Recommendations July 7, 2014
Online Learning Taskforce Recommendations July 7, 2014 Given the growing number of courses for each major available online, the demand for online offerings by students, the potential for enrollment growth,
Appendix A - Charter of the Academic and Student Affairs Committee
ATTACHMENT 2 Appendix A - Charter of the Academic and Student Affairs Committee A. Purpose. The Academic and Student Affairs Committee shall be well informed about, provide strategic direction and oversight,
FOUNDING DEAN CATERPILLAR COLLEGE OF ENGINEERING AND TECHNOLOGY
FOUNDING DEAN CATERPILLAR COLLEGE OF ENGINEERING AND TECHNOLOGY Bradley University - - an institution with rich tradition, national reputation, and vibrant academic and student life - - announces a nationwide
Strategic Plan. Revised, April 2015
Strategic Plan 2011 2020 Revised, April 2015 A Message from the President I am pleased to present Endicott College: Strategic Plan 2011 2020, which was developed by the Endicott College Planning Committee
Enterprise Risk Management, Compliance, Management Advisory Services: An Integrated Approach
Enterprise Risk Management, Compliance, and Management Advisory Services: An Integrated Approach SCCE s Higher Education Compliance Conference June 13, 2011 Objectives Implementing Enterprise Risk Management
SACS REQUIREMENTS AND STANDARDS. Core Requirements
SACS REQUIREMENTS AND STANDARDS Core Requirements 2.1 The institution has degree-granting authority from the appropriate government agency or agencies. (Degree-granting Authority) 2.2 The institution has
1 UE Online Courses. For Higher Education Institutions
UE Online Courses For Higher Education Institutions Education-specific, efficient, engaging. UE s online courses are designed to help you and others on your campus manage risks at your college or university.
ENTERPRISE RISK MANAGEMENT. J. Joseph Hoey, Ed.D. Bridgepoint Education CAIR 2015
ENTERPRISE RISK MANAGEMENT J. Joseph Hoey, Ed.D. Bridgepoint Education CAIR 2015 Enterprise Risk Management (ERM) Defined ERM is a principles-based approach to manage, not eliminate risk. ERM is a process
Allison D. Garrett Executive Vice President Abilene Christian University
Allison D. Garrett Executive Vice President Abilene Christian University Cell number: Office number: Email: EDUCATION Georgetown University Law Center, LLM in Securities Regulation, with honors University
May 2011. Wilfrid Laurier University Enterprise Risk Management Draft Final Report
May 2011 Wilfrid Laurier University Enterprise Risk Management Draft Final Report Table of contents Introduction 2 What we heard 8 Risk management current and desired state 20 Operationalizing ERM Opportunities
11/12/2013. Role of the Board. Risk Appetite. Strategy, Planning and Performance. Risk Governance Framework. Assembling an effective team
Role of the Board Risk Appetite Strategy, Planning and Performance Risk Governance Framework Assembling an effective team Role of the CEO Accountability and Disclosure 1 Board members should act on a fully
VICE PRESIDENT FOR STUDENT ENGAGEMENT AND SUCCESS TEXAS A&M-CORPUS CHRISTI
VICE PRESIDENT FOR STUDENT ENGAGEMENT AND SUCCESS TEXAS A&M-CORPUS CHRISTI THE OPPORTUNITY Texas A&M University-Corpus Christi (A&M-Corpus Christi) announces a national search for a Vice President for
Enterprise Risk Management Handbook. June, 2010
Enterprise Risk Management Handbook June, 2010 Table of Contents Overview... 4 What is Enterprise Risk Management?... 5 Why Undertake Enterprise Risk Management?... 6 Draft UW System ERM Vision, Mission,
ACTION PRIORITIES - 2009-2013
Strategic Direction 1.0 - MISSION Key Accountability Committee (Executive) Cabinet Leader President ACTION PRIORITIES - 2009-2013 1.1 Explicitly link University vision and mission with every school, college
Strategic Planning Process
Establishing a Strategic Planning Process Questions to consider #1 1. A strategic plan details the steps / actions needed to get us from where we are today to an envisioned destination. FGCU s destination
Financial Vice President and Treasurer. Boston College Chestnut Hill, Massachusetts
Financial Vice President and Treasurer Boston College Chestnut Hill, Massachusetts July 2015 Financial Vice President & Treasurer Boston College Boston College seeks a seasoned and effective leader to
Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management
Care Providers Protecting your organisation, supporting its success Risk Management Insurance Employee Benefits Investment Management Care providers are there to help those in need. But who helps the care
PROGRAM RENEWAL REPORT
PROGRAM RENEWAL REPORT Program Name (Program Code) MTCU Code XXXXX (Credential: Ontario College Certificate/Diploma/Advanced Diploma/Graduate Certificate) April 2012 Table of Contents After completing
Emergency Planning and Crisis Management initiatives rolled up into a viable Business Continuity and Enterprise Risk Management Program.
Emergency Planning and Crisis Management initiatives rolled up into a viable Business Continuity and Enterprise Risk Management Program. Or: How I Learned to Stop Worrying and Love the ERM! Is this You?
Enterprise Risk Management for International Schools
Enterprise Risk Management for International Schools 2014 NESA Business Managers Conference Presented by Michael Rodman & Timothy King Albert Risk Management Consultants INTRODUCTION Michael Rodman Principal
VIII. RESPONSIBILITIES AND FUNCTIONS OF COLLEGE ADMINISTRATIVE OFFICERS
VIII. RESPONSIBILITIES AND FUNCTIONS OF COLLEGE ADMINISTRATIVE OFFICERS The President s Cabinet and the Executive Committee are two of the administrative bodies charged with leading and coordinating the
NONPROFIT BOARD BASICS CHECK-UP
NONPROFIT BOARD BASICS CHECK-UP For each of the statements below, please check the appropriate box. If there is an item or section that does not apply to your organization, cross out that line or section.
Delivering Student Services to On-line Distance Learners
Delivering Student Services to On-line Distance Learners Fred Hample Executive Director Student Affairs Operations The University of Texas San Antonio AACRAO Orlando 2008 Session: TR3.413 March 27 1 Open
What is reputation / reputation risk? What is a reputation risk?
REPUTATION RISK 1 What is reputation / reputation risk? Reputation is : an intangible asset greater than brand offering premium value growth opportunities to shareholders sum total of all stakeholders
www.thiel.edu Dean of Enrollment
75 College Avenue Greenville, PA 16125 www.thiel.edu Dean of Enrollment Search Prospectus Fall 2015 www.thiel.edu/deanofenrollment Thiel College in Greenville, Pa., invites nominations and applications
Enterprise-Wide Risk Assessment
Enterprise-Wide Risk Assessment Agenda 1. Definition of risk. 2. Risk drivers in higher education today. 3. Implementing an enterprise-wide risk management (ERM) program to effectively assess, manage,
RIVERFIELD COUNTRY DAY SCHOOL. Strategic Plan
RIVERFIELD COUNTRY DAY SCHOOL Strategic Plan Mission Statement The mission of Riverfield Country Day School is to provide an excellent education in a family oriented atmosphere. Students are motivated
Rehabilitation Counseling Program Department of Kinesiology and Community Health Evaluation Plan. Discrepancy Evaluation Model
Department of Kinesiology and Community Health Plan Discrepancy Model The mission of the master s degree program at the University of Illinois Urbana-Champaign is to prepare counselors to facilitate the
Framework for Excellence Vision, Mission, Goals University of Massachusetts Amherst
Framework for Excellence Vision, Mission, Goals University of Massachusetts Amherst Vision: UMass Amherst is among the very best public research universities in the country. Our campus matches the excellence
DEAN OF THE COLLEGE OF APPLIED SCIENCES AND ARTS
DEAN OF THE COLLEGE OF APPLIED SCIENCES AND ARTS EXECUTIVE SEARCH PROFILE S an José State University invites nominations and applications for an outstanding and innovative academic leader for Dean of the
Master of Public Administration: a NASPAA Accredited Program
Master of Public Administration: a NASPAA Accredited Program 2010 2011 NASPAA Self Study Report The National Association of Schools of Public Affairs and Administration (NASPAA) requires member programs
ICSH Guidance Document: Preparing a Risk Register/ Risk Management Plan
ICSH Guidance Document: Preparing a Risk Register/ Risk Management Plan What is a Risk Register? A Risk Register is a document which outlines the potential threats to the ongoing operation of an organisation,
ATTACHMENT 2 INFORMATION REQUIRED BY THE NCAAA IN A PROPOSAL FOR PROVISIONAL ACCREDITATION OF AN INSTITUTION
ATTACHMENT 2 INFORMATION REQUIRED BY THE NCAAA IN A PROPOSAL FOR PROVISIONAL ACCREDITATION OF AN INSTITUTION A detailed proposal is required. The proposal should set out plans for the institution that
MINISTRY OF HIGHER EDUCATION, OMAN COLLEGES OF APPLIED SCIENCES STRATEGIC PLAN-PHASE 2 2015-2019
MINISTRY OF HIGHER EDUCATION, OMAN COLLEGES OF APPLIED SCIENCES STRATEGIC PLAN-PHASE 2 2015-2019 Vision CAS aspires to gain national recognition as an applied sciences hub, providing practical and innovative
Potomac State College of WVU 2020: Strategic Plan for the Future
Potomac State College of WVU 2020: Strategic Plan for the Future Mission Statement: As an integrated division of West Virginia University, Potomac State College provides a broad range of high quality associate
Learning Programs for Colleges and Universities
LEARNING PROGRAM CATALOG for Higher Education Institutions Learning Programs for Colleges and Universities Learning programs from EduRisk, by United Educators, are designed to keep your campus safe and
ATLANTA TECHNICAL COLLEGE
ATLANTA TECHNICAL COLLEGE STRATEGIC PLAN FY 2008 2012 Mission and Vision ATC Mission Atlanta Technical College, a unit of the Technical College System of Georgia, located in the city of Atlanta, is an
ERM Program. Enterprise Risk Management Guideline
ERM Program Enterprise Management Guideline Table of Contents PREAMBLE... 2 When should I refer to this Guideline?... 3 Why do we need a Guideline?... 4 How do I use this Guideline?... 4 Who is responsible
Middle States Commission on Higher Education. Dr. Lisa Marie McCauley, CPA Senior Director for Accreditation Operations
Middle States Commission on Higher Education Dr. Lisa Marie McCauley, CPA Senior Director for Accreditation Operations Financial Reporting and Documentation for: o Self Study Evaluations o Periodic Review
BAYLOR UNIVERSITY BOARD OF REGENTS FINDINGS OF FACT. independent and external review of Baylor University s institutional response to Title IX and
Summary BAYLOR UNIVERSITY BOARD OF REGENTS FINDINGS OF FACT In August 2015, Baylor University engaged Pepper Hamilton to conduct an independent and external review of Baylor University s institutional
EXECUTIVE SEARCH PROFILE VICE PRESIDENT FOR ACADEMIC AFFAIRS
EXECUTIVE SEARCH PROFILE VICE PRESIDENT FOR ACADEMIC AFFAIRS THE OPPORTUNITY The next chief academic officer of Antioch University New England (AUNE) will be a key player in advancing academic policies
School of Accounting Florida International University Strategic Plan 2012-2017
School of Accounting Florida International University Strategic Plan 2012-2017 As Florida International University implements its Worlds Ahead strategic plan, the School of Accounting (SOA) will pursue
UW- W H I T E W A T E R. Counselor Education Department Strategic Plan 2011 2016
UW- W H I T E W A T E R Counselor Education Department Strategic Plan 2011 2016 Updated August 31, 2011 C o u n s e l o r E d u c a t i o n, 2011-16 S t r a t e g i c P l a n 2 C o u n s e l o r E d u
ASAE s Job Task Analysis Strategic Level Competencies
ASAE s Job Task Analysis Strategic Level Competencies During 2013, ASAE funded an extensive, psychometrically valid study to document the competencies essential to the practice of association management
The PNC Financial Services Group, Inc. Business Continuity Program
The PNC Financial Services Group, Inc. Business Continuity Program 1 Content Overview A. Introduction Page 3 B. Governance Model Page 4 C. Program Components Page 4 Business Impact Analysis (BIA) Page
GUIDELINES FOR CONDUCTING EVALUATIONS OF ACADEMIC PROGRAMS
GUIDELINES FOR CONDUCTING EVALUATIONS OF ACADEMIC PROGRAMS OFFICE OF THE PROVOST UNIVERSITY OF PITTSBURGH PITTSBURGH, PENNSYLVANIA 15260 JULY, 2002 Guidelines for Conducting Evaluations of Academic Programs
Mississippi s Nonprofit Management Certification Program
Mississippi s Nonprofit Management Certification Program A History of Excellence in Action Excellence in Action (EIA) is based on the Mississippi Center for Nonprofits Principles and Practices for Nonprofit
Using Strategic Risk Management to Gain Assurance and Communicate More Effectively
Using Strategic Risk Management to Gain Assurance and Communicate More Effectively Julie Englund Board Member, Treasurer and Finance Committee Chair Wilson College Raina Rose Tagle, CPA, CISA, CIA National
A Risk-Based Audit Strategy November 2006 Internal Audit Department
Mental Health Mental Retardation Authority of Harris County ENTERPRISE RISK MANAGEMENT A Framework For Assessing, Evaluating And Measuring Our Agency s Risk A Risk-Based Audit Strategy November 2006 Internal
College of Business Strategic Plan 2014-2018
Vision Statement College of Business Strategic Plan 2014-2018 The COB s vision is to accelerate student success through applied business knowledge and to contribute to a better and brighter future for
PENN STATE UNIVERSITY COMPLIANCE PLAN
INTRODUCTION PENN STATE UNIVERSITY COMPLIANCE PLAN Penn State is a leader in higher education with a mission of teaching, research, and service. The University is committed to the highest standards of
June 23, 2014 BY CERTIFIED MAIL. Dr. Wilma Mishoe, Interim President Wilberforce University 1055 North Bickett Road Wilberforce, OH 45384-1001
June 23, 2014 BY CERTIFIED MAIL Dr. Wilma Mishoe, Interim President Wilberforce University 1055 North Bickett Road Wilberforce, OH 45384-1001 Dear President Mishoe: This letter is formal notification of
Texas A&M University -Corpus Christi
Texas A&M University -Corpus Christi Average Credits Attempted and Mean Semesters toward Baccalaureate Degree in Program Areas* Degree Program # of Grads Credits Attempted Mean Semesters Science and Math
SHARED ASSESSMENTS PROGRAM STANDARD INFORMATION GATHERING (SIG) QUESTIONNAIRE 2014 MAPPING TO OCC GUIDANCE (2013-29) ON THIRD PARTY RELATIONSHIPS
SHARED ASSESSMENTS PROGRAM STANDARD INFORMATION GATHERING (SIG) QUESTIONNAIRE 2014 MAPPING TO OCC GUIDANCE (2013-29) ON THIRD PARTY RELATIONSHIPS An overview of how the Shared Assessments Program SIG 2014
STRATEGIC PLAN 2010 2017. May 25, 2011
SARAH LAWRENCE COLLEGE STRATEGIC PLAN 2010 2017 May 25, 2011 EMBRACING THE OPPORTUNITY IN THE CHALLENGE In an era marked by economic dislocation and uncertainty, Sarah Lawrence confronts urgent challenges
Taking Bold Steps. Taking Bold Steps.
Taking Bold Steps. Taking Bold Steps. Introduction Faculty, staff, and students at Indiana University Kokomo revisited the campus 2011-2015 strategic plan in response to a call for a university wide strategic
Strategic Plan. New Zealand Fire Service Commission to 2005 2010
Strategic Plan New Zealand Fire Service Commission to 2005 2010 Table of contents Forward from the Chairperson...3 Summarises the purpose, content and logic behind the Commission s strategic direction.
Checklist for Campus Sexual Misconduct Policies
Checklist for Campus Sexual Misconduct Policies The Task Force to Protect Students from Sexual Assault is committed to supporting institutions of higher education in preventing sexual misconduct, encouraging