To support communications and culture building, your Risk Managers develop systems, tools and techniques for improved Risk Identification and analysis, assure controls are identified, designed and implemented, and provide research and analytical support to other departments.

More Uses of the Risk Identification Toolkit:

  • Guide: design, socialize and implement control enhancements to ensure process robustness, reliability and compliance with all applicable policies and procedures.
  • Ensure your organization utilizes advanced analytics to assess future risk, opportunities, and effectiveness and translates results into meaningful solutions to enhance decision making.
  • Confirm your organization implements new risk policies, practices, appetites and solutions to ensure holistic understanding and management of risks according to industry best practice.
  • Represent the operational risk management organization in the development of an enterprise governance risk and control system (integrated technology solution).
  • Ensure you and external vendors and service partners, providing mechanical engineering and design support to reach project milestones or resolve technical challenges.
  • Confirm your organization leads the creation of high quality Operations Key Performance Indicators(KPIs), service level agreements, and staffing capacity analysis and forecasting as a fundamental tool to drive continuous improvement, transparency and maintain program oversight.
  • Be accountable for leveraging leading practices to continuously mature and improve your capabilities for strategic, operational and emerging risks across your full portfolio of risks.
  • Develop positive working relationships with all team members and other business partners to maintain an open environment for collaboration, Risk Identification and remediation.
  • Be certain that your organization performs ongoing oversight and testing of business controls and shares knowledge with team members to evaluate the effectiveness of established business controls.
  • Ensure you lead project management activities as project planning, fees and expense management, resource planning, status reporting and Risk Identification.
  • Support the legal and procurement teams in the review and Risk Identification in various agreements and recommend appropriate insurance requirements.
  • Provide input into equipment specifications, design, and Risk Identification/mitigation for equipment developed by the Advanced Manufacturing team.
  • Provide valuable input by supporting the implementation of effective technology risk management by developing and establishing continuous Risk Identification, measurement, management and reporting.
  • Warrant that your organization partners with stakeholders to drive improvement efforts to correct or prevent unfavorable trends and assess the impacts; to plan and execute effective and timely risk remediation.
  • Confirm your organization monitors the risk and control environment and provides effective challenge to internal and external stakeholders to ensure that exposures are kept at acceptable levels.
  • Manage work with the most complex business units and provides operational risk expertise and consulting for projects and initiatives with high risk, generally spanning multiple business lines.
  • Support the development and technological challenges of multi disciplinary product design to successfully integrate technologies at a system level.
  • Ensure you can analyze complex organizational and technical issues related to technology and identifies opportunities to improve performance and efficiency.
  • Arrange that your organization leads and/or participates in coordination of IMS audits, and review of process area documented procedures to determine adherence to internal standards and leading industry practices.
  • Be certain that your organization coordinates and administers Risk Identification, investigation and reduction, monitors risk functions and performs risk surveys to assess loss potential.
  • Analyze and understand insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
  • Ensure you lead the internal risk management program; develop and implement organization strategy, policies, and procedures, emphasizing proactive Risk Identification and mitigation.
  • Ensure your organization provides leadership in Risk Identification, key risk indicator identification, and risk mitigation strategies in the domain of technology management.
  • Arrange that your organization provides risk management support for a line of business or staff organization in key Risk Identification, measurement, monitoring, control and reporting, and the understanding and management of risk through appropriate practices and processes.
  • Warrant that your organization performs ongoing oversight and testing of business processes and shares knowledge with team members to evaluate the accuracy and effectiveness of established business processes.


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