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