Managing Human Factor Risk in Implementing your ERM Framework
How to manage people risk issues when implementing an enterprise risk management framework.
Published on: Mar 3, 2016
Transcripts - Managing Human Factor Risk in Implementing your ERM Framework
Managing Human Factor Risk in
implementing your ERM framework
• Measuring competency on Enterprise Risk
• Human Factor issues in risk escalation
• Human Factors and application software
• Human Factors issues and compliance
• What are your ERM key performance indicators ?
• Link Risk Owner objectives to performance indicators
• Integrate ERM responsibilities into positions descriptions
• Integrate into performance development programs
• Training needs analysis
• How are Risk owners supported in the framework ?
Organisational Goal Alignment
in line with
• What happens if the Risk Owner is on leave ?
• What are the consequences of not reviewing risks ?
• What are the inter dependency's and relationships particularly to
the Business Continuity Program
• Are risk owners’ responsibilities clearly defined
• Who assesses the risk “motherhood statements in PD’s?
• In a manual system whom triggers risk escalation
• What are the soft skills that are required:
• are they reflected in position descriptions
• Are they reflected in capability
• When a risk fails to be treated, does the system escalate
it to the risk manager or other senior manager.
• Do licensing arrangements hinder the appropriate
integration of the ERM framework
• Are people implementing controls not really responsible
for the risk
• Is there an alignment between responsibility and
• Retraining on Employee Conduct Fraud and Corruption
• Are proactive measures taken to improve detection and
support your compliance programme?
• Do executives model the behaviour they wish to have
permeate the entity?
• Ongoing prevention of illegal behaviour,
• Ongoing due diligence over changes in legislation
• Monitoring licencing and compliance requirements,
• Drug screen and education of staff.
• Measuring enterprise risk management competency
• Risk escalation issues
• Software limitations
• Compliance programme
• Your Achilles heel, your greatest asset, YOUR PEOPLE