Welcome Opportunity Risk

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Welcome Opportunity Risk

• 10th February 2009
• Scottish Qualifications Authority,
• The Optima Building, 58 Robertson Street,
  Glasgow, G2 8DQ.

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Welcome Domestic Arrangements

• Karen Dalwoodie
• Risk Management SQA

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Agenda

• Introductions
• Karen Dunwoodie
• Vignettes
• Karen Dunwoodie, ,SQA
• Mark Warner, Associate Director, Cyril Sweett Ltd
• Round Table Discussion Opportunity Risk
• IT Systems used for risk data recording
• Brian Boyce, Alphatec
• Graham Offord, Balanced RiskCard
• Gordon Dakers, Operational Risk Events Tool
• Routes to membership
• Other business
• Dates for next year

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Institute of Risk Management

• Risk management's professional education body
  based in London
• Key Objectives
• Education
• Qualifications
• Good Practice
• Partnership
• Worldwide membership, drawn from industry,
  commerce, consultancy and the public sector
• Regional Groups
• Special Interest Groups

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SQA and Risk Management
Karen DinwoodieHead of Finance and Corporate
Planning
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SQA

• Formed in 1997
• Responsible for the development, accreditation,
  assessment and certification of qualifications
  other than degrees
• Known for our role in school and college level
  qualifications
• Also carry out activity in the areas of
• Vocational training
• UK and International awarding and consulting
• Testing services contracts

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History of Risk Management

• After SQA was formed issues included
• Split site organisation
• Different cultures
• Change in products being delivered
• Implementing new technologies
• Limited co-ordination of risk management
• Well publicised issues in 2000

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History of Risk Management

• Areas of robust risk management developed
• Standard approach to risk management adopted
• Corporate risk register
• Risk management framework
• Challenges remained
• Risk averse culture
• Framework not fully embedded

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Risk Management Framework
INDEPENDENT ASSURANCE
INTERNAL ASSURANCE
Management Board
Audit Committee
Executive Management Team
Management Team
Internal Audit
Business Continuity /
Business Area Risk Management
Programme/ Project Risk Management
Health Safety Risk Management
OPERATIONAL BUSINESS AREAS
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Recent progress in risk management

• Opportunities and risk fully embedded in
  corporate and operational planning approach
• Opportunities driving activity
• Further enhancing consistency of approach to risk
  management
• Leadership

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Challenges Remaining

• Risk management culture fully established
• Move from risk aversion
• Day to day management of risk
• Pursuing opportunities
• Managing opportunities
• Single risk and opportunity framework
• Prioritising effort

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Vignette No 2
Opportunity Risk Tool Cyril Sweett Ltd
Mark Warner
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Round Table Discussion
Upside risk and opportunities Lead by Laura
Anne McMahon and Mark Warner
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Using IT software to assist risk data management

• Three demos
• Brian Boyce, Alphatec
• Graham Offord, Balanced RiskCard
• Gordon Dakers, Operational Risk Events Tool

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ClaimControl Orbit

• Brian Boyce, Alphatec
• Simple to use
• Health and Safety reporting Legal Compliance
• Managing Processes, People and Equipment
• Corporate Responsibility - Centralised audit
  trail
• Control of Insurance Costs (inc. self-insure)

E-mail BBoyce_at_alphatec.net
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ClaimControl Orbit
ClaimControl Demonstration
E-mail BBoyce_at_alphatec.net
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ClaimControl Orbit

• Visibility of ALL incidents
• Identification of causes, trends and repeat
  offenders
• Written for the benefit of the Insured NOT the
  Insurer
• Reduced administration cost
• Centralised audit trail (justifiable actions)
• User driven development of the system

E-mail BBoyce_at_alphatec.net
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ClaimControl Orbit

• Why Orbit
• Information and Processes across many systems
• No single organisational view
• Consistent Auditable
• Incredibly flexible reporting
• Handles enormous amounts of information easily

E-mail BBoyce_at_alphatec.net
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ClaimControl Orbit
Orbit Demonstration (time permitting)
E-mail BBoyce_at_alphatec.net
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Balanced RiskCard

• Graham Offord
• https//www.riskcard.co.uk/
•  

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www.riskcard.co.uk
Intuitive
Web-based
Effective at all levels
Simple-to-use
Risk management linked to organisational
objectives
Risk management made real with Balanced RiskCard
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www.riskcard.co.uk
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www.riskcard.co.uk
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Operational Risk Events

• Gordon Dakers
• https//oneweb.mellon.com/riskmanagementplatform

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Routes to membership
Affiliate membership Open to anyone with an
interest in risk. You get a certificate of
membership but no letters after your name. You
get the same information and networking benefits
as all other members, e.g. InfoRM, access to
website and Lecture, member discounts. Certifican
t membership Open to anyone holding the IRMs
International Certificate in Risk Management.
You can use the CIRM letters after your name but
it is not a voting grade. Specialist membership
To be introduced later in 2009. People holding
either one of our specialist Diploma modules, or
an equivalent academic or professional
qualification, will be admitted at this level and
entitled to use the post-nominal letters SIRM.
Examples of the relevant qualifications are an
MSc in a risk related subject or a holder of the
ACII/FCII. This is not a voting grade. People
who think they may qualify as Specialist Members
are being encouraged to join as affiliates now
and they will then be upgraded as soon as the new
grade is launched.
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Routes to membership
Membership of the IRM is open to those holding
the IRMs International Diploma in Risk
Management or an equivalent qualification (in
level and scope) plus three years experience in
risk management. This gives full voting rights
and the letters MIRM. You can also then progress
to Fellowship (FIRM) the highest level of
achievement, awarded by collecting points for
professional activity within the Institute and
Profession over at least two years. There are
other grades of membership for university
students and Diploma holders who have not yet
achieved three years experience (GradIRM). The
grade of Associate (AIRM) was withdrawn around
four years ago and Associates are all now
Members.
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IRM Levels of Membership
MIRM
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• 2009 meetings venuesTuesday 10th February
  SQA, Glasgow City
• Opportunity Risk
• Data management software
• Wednesday 20th May Aegon, Edinburgh Park
• Project Risk Management
• Data capture / Categorisation (slice / dice / key
  aspects)
• Thursday 10th September Fife
  Council,Glenrothes
• Programme and Change Management (Eileen Abbess)
• Security Management of Data IT / Information
  (David James)
• Wednesday 25th November Scottish Water,
  Livingston
• Safety (HS, Systems Safety
• Safety software

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Any other business
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Scottish CS Regional Group contactsGraham E
Offord geo_at_offrisk.com Laura Anne
McMahon LauraAnne.McMahon_at_lanarkshire.scot.nhs.uk
Gordon Dakers gordon.dakers_at_bnymellon.com
Eileen Abbess Eileen.ABBESS_at_networkrail.co.uk
The IRM web siteEvents have a look
athttp//www.theirm.org/events/EVdiary.htm