Risk Management

Develop and implement risk management plans to support the continuity of business operations and services

Type

Domain

Competency Area

Human Resource Planning

Levels

Implement risk controls within HR department

Develop a range of KRIs to be monitored regularly by senior team members

Implement operational risk assessment initiatives within HR Department

Develop communication plans to ensure all operational risk regulatory requirements are understood and adhered to

Prioritize risks based on assessment and rating of the impact and likelihood

Gather measurement data and feedback pertaining to risk management activities

Uphold compliance with HR governance processes

Maintain proper controls on HR processes

Drive HR risk management frameworks & policies

Define the boundaries of operational risks for HR department

Implement the operational risk management policies and processes

Guide HR to define and express operational risk appetite

Develop assessment criteria for measuring the level of potential or existing risks

Assess KRIs to the HR department

Determine appropriate risk mitigation plans to address identified risks and contingencies

Evaluate effectiveness of operational risk management activities

Develop HR risk management philosophy and strategies

Establish organisation’s internal and external contexts for managing risk

Establish risk management philosophy and strategies with reasonable assurance in alignment with organisational strategic objectives

Shape enterprise risk management strategies with senior business leaders by providing inputs related to the business and people agenda

Oversee development and execution of overall risk management plans for HR department

Respond to emerging risks in accordance with mitigation strategies

Refine operational risk management processes to achieve appropriate return on investment

Establish organisation’s internal and external contexts for managing risk

Establish risk management philosophy and strategies with reasonable assurance in alignment with organisational strategic objectives

Shape enterprise risk management strategies with senior business leaders by providing inputs related to the business and people agenda

Oversee development and execution of overall risk management plans for HR department

Respond to emerging risks in accordance with mitigation strategies

Refine operational risk management processes to achieve appropriate return on investment