This department serves the interest of our strategic clients, among others, Municipalities, Government Departments, Parastatals, Private Businesses and Certain Individuals. We provide a centralized risk management co-ordination function performed by our highly trained personnel. Our role is to:

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• Facilitate risk management ownership by management; 

• Provide a standardized strategic and operational risk management methodology and process; Validate that the risk management processes are adequate and effective and comply with internationally accepted risk management standards, and page Content

• Ensure standardized and integrated reporting on all risk management activities.

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Our team will also be responsible for the co-ordination and facilitation of specialized operational risk management processes, including business continuity management, occupational health and safety management as well as compliance risk management.

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Our strategic and operational risk management approach and methodology are largely consistent with widely accepted standards, guidelines and best practice. The methodology includes the following components: 

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• Objective setting – Establishing the context for risk analysis and assessment

• Risk identification – Identifying potential risks that could threaten the achievement of objectives

• Risk assessment – Assessing the potential impact of identified risks on the operations, financial resources and reputation of the client

• Risk mitigating measures – Consideration of the adequacy and effectiveness of risk mitigating measures and assessing the likelihood of risks materialising

• Areas for improvement – Identifying areas where existing risk mitigating measures can or should be improved

• Action plans – Formulating action plans to implement new or enhance existing risk mitigating measures

• Follow up – Monitoring the status of implementation of action plans

• Reporting – Reporting to the risk management oversight committees on the results of risk assessments and the status of implementation of action plans

• Monitoring – Monitoring the adequacy and effectiveness of the risk management process

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