Who is Responsible for Risk Management

Risk management is the responsibility of all employees of the University. Senior managers, deans, and department heads are responsible more directly for risk management within their areas of business (learn more about risk management).

 

Internal Audit, is responsible for an independent and collaborative assessment of risks, the yearly risk assessment, which helps develop a risk-based audit plan that is presented and approved by the Audit Committee of the Board of Trustees. The assessment is conducted in partnership with management, in order to ensure that all areas of risks are identified and relevant to the University.

 

Separately, the University Risk Management group is responsible for providing assistance to procure mitigating mechanisms such as insurance for those activities that can be insured.