The University of Melbourne Senior Executive

Risk Management Committee

View/Print PDF (10 KB)

The Risk Management Committee is a sub-committee of Senior Executive. It exercises management accountabilities in relation to the identification and management of risk and oversees the performance of operational risk management activities.

Membership

Head of University Services
Senior Vice-Principal or nominee
Provost
Three Deans (other Deans may represent members to ensure a quorum)
Executive Director, Major Projects
Chief Financial Officer
Executive Director, Human Resources
Executive Director, Property & Campus Services
Executive Director, Major Projects
Executive Director, IT and CIO

In Attendance

Internal Auditor
Finance and Planning Group
Relevant Deans, Executive Directors and responsible Risk Managers attending as required

Terms of Reference

  1. To advise Senior Executive and Audit and Risk Committee on the management of risk including the effectiveness of mitigation strategies and controls.
  2. To oversee the preparation and updating of the University’s Strategic Risk Assessment.
  3. To review Academic, Division, Provost and University Services strategic risks and action plans.
  4. To review major University programs and services strategic and operational risks and the effectiveness of management controls across programs and services.
  5. To advise the Vice-Chancellor and Senior Executive on emerging risks and priority areas of risk to be addressed. Ensure that effective governance arrangements for the timely and ongoing monitoring of risks arising from major new initiatives and projects involving external partners is in place, and to maintain a register of these risks.
  6. To monitor performance of operational and specialist risk areas, including:

    — Crisis Management
    — Environment Health and Safety
    — Biosafety
    — Insurance
    — WorkCover
    — IT and Information Services
    — Disaster Recovery Planning
    — Business Continuity Planning

Reporting

The Committee reports to both the Senior Executive and Audit and Risk Committee.

The Chair of the Committee will report to the Vice-Chancellor on any matter requiring priority executive attention.

DELEGATED AUTHORITY

The Senior Vice-Principal has delegated authority to approve or recommend to Senior Executive, changes in Environment Health and Safety policy on the advice of the Administrative Policy and Practices Group.

top of page