#9 RISK MANAGEMENT

Question 1

Our risk management principles are to (5)

Answer 1

• Develop a culture of risk awareness and continuous improvement. Risk recognised as natural and necessary.
• Provide a supportive environment were risks are openly discussed.
• Consider Te Ao Maori views
• Incorporate the views and perspectives of the communities
• embed risk management behaviours and practices

Question 2

How do we define risk?

Answer 2

Any potential future, uncertain event that may affect the achievement of our objectives

Question 3

Responsibility of all staff regarding risk (4)

Answer 3

• Understand role of managing risk
• Help managers identify risk
• Escalate and report risk - 1-Up
• Seek support from assurance group

Question 4

Exec leaders and management responsibilities regarding risk (6)

Answer 4

• identify risk and commit to reviewing regularly
• Ensure processes to manage risk are in place
• Ensure risk is considered
• Receive and/or share risk info
• Support and encourage teams to escalate and report risk
• Seek support from assurance group

Question 5

What are the risks in the risk oversight framework (4)

Answer 5

• strategic
• Portfolio
• Corporate
• Operational

Question 6

What are strategic risks and how are they managed?

Answer 6

• Affect strategic objectives
• High level, thematic, long term (5-10 years)
• Strategically important

Responsibility of commissioner and ELT

Question 7

What are organisational risks and how are they managed?

Answer 7

• systemic and affect one or more work work groups
• Risk to people, legal, regs….

Responsibility of service centres and districts..
Safer people oversee

Question 8

What are operational risks and how are they managed?

Answer 8

• Risk to day to day ops/
• Risks to BAU who deliver to public
• Responsibility of staff at all levels.
• Often dealt with at time but can mean symptomatic of higher level risk.
• Info shared
• TENR

Question 9

What are portfolio risks and how are they managed?

Answer 9

• Risk to programme or project
• responsibility of project manager. should be reports to SRO.
• For large projects Treasury requires RPA
• Risks captured in Sentient overseen by IPO

Question 10

What are the 3 levels of risk?

Answer 10

First line: Police staff.
~ Identify risks
~ sharing info
~ integrated in decision making
~ managing and reporting
~ Recording in appropriate place.

Second line: Districts/service centres/PNHQ
~ discussing, acting upon and escalating risk

Third line: Assurance group
~ Reviews
~ audits
~ advice

Question 11

What are the 5 steps of the risk management process?

Answer 11

1) Establish context
2) Identify risk
3) Analyse risk impact
4) Evaluate Risk
5) Take action