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Printable Version

Third Annual Modern Comptrollership Fall Event

Integrated Risk Management

A presentation by

Marie-France D'Auray-Boult
Executive Director Risk Management
Treasury Board of Canada, Secretariat
Risk Management Directorate

Implementation Progress to Date

  • IRM now a corporate priority
  • Early stages, but foundation being laid
  • Initial steps undertaken:
    • Establishing the function
    • Building capacity
    • Developing the corporate risk profile
    • Linking with strategic/business planning

What Have We Learned?

  • Alignment with business & culture of the organization facilitates implementation
  • No "one right way" – flexibility is key
  • Progress is a function of commitment
  • Initial investment in raising awareness & building capacity fosters implementation
  • Plan to adapt and learn

TBS Management Accountability Framework 

Expectations Indicators Measures Operational Requirement
Risk Management  - The executive team clearly defines the corporate context and practices for managing organizational and strategic risks proactively. Key risks identified and managed Corporate Risk Profile reviewed regularly Risk management approach in place to prevent control failures
Risk lens in decision making Tools, training, support for staff Clear senior commitment to better manage corporate risks
Risk smart culture Evidence of risk considerations in strategic planning Corporate risk profile in place, significant risks identified
Capacity to communicate and manage risk in public context Engagement of external stake-holders in assessing/ communicating risks Demonstrate consistent progress in implementing integrated approach to risk management

Ongoing Challenges

  • Sustaining commitment & momentum
  • Emphasizing link to MAF
  • Risk communication / transparency
  • Risk tolerance
  • Demonstrating benefits / results

Next Steps

  • Focus on integration with strategic planning
  • Develop tools – compendium of examples; risk communication guidelines
  • Share practices and experiences
  • Learning agenda focusing on practices and functional communities
  • Develop performance indicators

TBS Risk Management - Centre of Expertise

http://www.tbs-sct.gc.ca/rm-gr

  • Integrated Risk Management Framework
  • Best practices studies (Canadian and International)
  • Inventory of Federal Risk Management Tools
  • Research reports
  • Links to risk management resources
Date Modified:  2003-10-20 Top of Page Important Notices