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Hi everybody… I hope your weeks are going well and that June has provided more ups than downs on that bumpy road we call risk management improvement.
Speaking of which, I know we all spend a lot of time focused on optimising risk management effectiveness in our organisations’ first lines but when it comes to fulfilling the potential of the second line, I thought you might be interested in the Government Risk Function Improvement Engine. In a nutshell, the idea is to think through every box in the engine to consider “all the things the second line needs to get right”. Risk functions can then decide what they want to prioritise by way of improvements.
As I’ve shared this informally with several ministerial departmental Heads of Risk over the past few months, it’s tended to prompt some additional thinking about “what else” they could do beyond existing plans so I thought I would share it informally with all of you too. Let me know what you think… it’s always energising to hear from you.
Clive Martin
Head of the Government Risk Profession
Accredited Risk Managers Forum: 25 September 2023
We are really excited to be planning the first of these in-person working sessions for newly (or shortly about to be) accredited risk professionals, with the first Accredited Risk Managers Forum taking place on Monday 25 September 2023 at HM Treasury, London. We intend to focus the event on identifying and discussing priorities for the Risk Management Profession in Government.
We have written to main ministerial departments for email addresses of candidates and will shortly be writing out to wider Heads of Risk in non-ministerial departments, agencies, and public bodies for their candidates. Invites will be sent out in July.
Orange Book and Risk Control Framework Tool
Following the publication of the refreshed Orange Book and Risk Control Framework tool in May 2023, we are planning to engage with departments during Autumn on how well the Orange Book is being used, including work relating to Accounting Officers and Audit Risk and Assurance Committees. This is part of the promise made to the PAC in January 2022 that the Risk CoE should start to enforce the “comply or explain” requirement of the Orange Book by 2024. If you would like to be more proactively involved in this initiative, do get in touch with the riskcoe@hmtreasury.gov.uk.
Portfolio Risk Management Working Group
The new Portfolio Risk Management Guidance was published in May 2023 and is on gov.uk alongside the other “Orange Book Suite” documents. As a next step, we are setting up a cross government Portfolio Risk Working Group to share good practices on portfolio risk management, discuss implementation of the guidance, think about ways of working and behaviour change, and come up with ideas to solve common portfolio risk management challenges. If you would like to be a part of this working group, please get in touch with us at riskcoe@hmtreasury.gov.uk.
Networks
Although they are on OneFinance, we know you find this list of risk-related networks useful and as we haven’t included it for a while, here it is. Existing risk-related networks we are aware of (let us know if you know of others) are:
- Cross-government Heads of Risk Network working groups:
- Skills & Capability
- Risk Reporting
- Risk in 2027
- Portfolio Risk Management (coming soon)
- Cross-government Assurance network
- NHS Risk Manager Improvement Group
- AI and Risk Special Interest Group
- Regulatory risk network
- DESNZ Partner Organisation risk network
- Cabinet Office IPA Risk Communities of practice
- DLUC risk network for ALBs
- DCMS public bodies risk network
- Defra risk network for ALBs
- MoJ risk network for ALBs
- Resilience network/community
- GIAA/ARAC networks
- Government Security Function networks
- Horizon Scanning Network (GO Science)
GFF and IA Awards 2023: Risk Excellence nominations Now Open!
We are thrilled to announce that nominations are now open for the Government Finance Function and Internal Audit Awards – with “Risk Excellence” being one of eight categories! This award recognises an individual or team that has displayed high accountability standards, strong oversight, best practice, and risk awareness, and has gone above and beyond to protect people, public money, and organisational reputation.
These prestigious awards aim to honour and celebrate the remarkable achievements of individuals and teams irrespective of profession, grade, or position. It’s a fantastic opportunity to acknowledge and appreciate the outstanding contributions of your colleagues over the course of what has been an incredibly challenging year. Making nominations is also good for the collective profile of risk specialists across government. For further information and to submit a nomination, see Awards 2023 (civilservice.gov.uk)
RIG Online Webinars
We hope you are continuing to enjoy the RIG Online Webinars, our next one is scheduled for Thursday 20 July at 11am to 12pm: Risk Appetite within NEST where you will have the opportunity to listen to Dan Davis, Chief Risk Officer at NEST.
To register for this event, you will need to sign up via OneFinance and Eventbrite, details will be sent shortly to all members of the risk community by email. Please ignore any placeholder in your calendar and register directly to ensure you will be able to interact fully with the session.
Previous RIG webinars are also available on OneFinance: GFF Player on demand website, giving interesting insight into how other public sector organisation are dealing with different aspects of risk management. Topics range from risk assurance mapping, communicating and influencing risk management to changes to the Orange Book. You can find them all on the following link: RIG Online Webinars
Government Skills & Curriculum Unit’s Professions & Functions Campaign
We were delighted to join other professions and functions across government in the Government Skills & Curriculum Unit’s Specialist Skills campaign 2023. The ‘specialist skills, heart of government’ campaign highlighted 'what' a profession and function is and 'how' you can identify with one. You can find the recording from our session, along with others from finance, policy, operational delivery and security here: Specialist Skills campaign 2023: YouTube
Welcome Clare
We are delighted to welcome Clare Tate who joined the Government Risk Profession in May. Clare joins us from HM Land Registry where she was Senior Risk Business Partner for the Risk, Assurance, Information and Security Team (RAIS). Prior to this she was the Corporate Risk and Business Continuity Manager for the Disclosure and Barring Service (DBS). Clare has been part of the risk management profession for 10 years and is currently studying for her certificate in Operational Risk Management (IOR) through the IRM.
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