Agenda item
Risk Management - Corporate Risk Register
- Meeting of Audit Committee, Thursday, 12th November, 2020 5.30 p.m. (Item 5.4)
- View the background to item 5.4
Minutes:
Mr Paul Rock, Head of Internal Audit, Fraud and Risk presented the Risk Management report. He said the Corporate Risk Register had been updated and he was working with all the Directorates to ensure their registers were up to date. Mr Rock said this was an opportunity for the Committee to decide which Directorate level risk register it wanted to review at a future Audit Committee meeting.
In response to questions from members the following was noted:
· Risk management had witnessed a difficult year with many changes occurring from BDO highlighting concerns, to the remodelling of how the risk management would be taken forward. Mr Rock said this required a strong buy in from the Corporate Leadership Team and just as this was happening the pandemic hit and the only risk resource he had, the Risk Manager, left the Council. Mr Rock said despite these challenges, it was clear risk management had achieved a higher status amongst managers and staff, especially the work done with Gold Command and the response to the pandemic crisis. He said he hoped to capitalise on this by ensuring Directorate Leadership Teams continued to embrace and take ownership of risks in their areas of responsibility.
o ACTION: Mr Rock said he would relay the concerns raised back to the risk owners in relation to risk PLC0013.
· Mr Rock stated that with the help of the risk champions and business support officers in each Directorate, he was confident to deliver the risk management agenda until the end of the year. However more resource would be required in order to strive ahead. He said he remained hopeful as he was looking to commence a reorganisation of the team. He said the previous recruitment campaign failed to attract the right calibre of candidate.
A brief discussion took place as to which Directorate level risk register ought to be reviewed at the next meeting of the Audit Committee in January 2021.
· Members suggested the Place Directorate and the Resources Directorate.
- ACTION: Mr Rock to liaise with the Chair of the Committee and the appropriate Corporate Director to ensure one of the Directorate risk registers is presented to the Committee in January 2021.
The Audit Committee RESOVLED to:
- Note the corporate risks, and where applicable request risk owner(s) with risks requiring further scrutiny to provide a detailed update on the treatment and mitigation of their risk including impact on the corporate objectives at the next Committee meeting (or separately before the meeting if urgent);
- Note the progress made against the Annual Action Plan for Risk Management; and
- Decided the Chair of the Audit Committee liaise with Mr Paul Rock, Head of Internal Audit, Fraud and Risk on which Directorate’s risk register should be reviewed first.
Supporting documents:
- Risk Management - Corporate Risk Register, item 5.4 PDF 240 KB
- Appendix. 1 for Risk Management - Corporate Risk Register, item 5.4 PDF 96 KB