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Over the last decade regulators have started to modernize their programs to become more risk-based moving DATE SESSION TOPIC Tuesday, June 28, 2022 RISK-1 Module Overview - concepts and principles Tuesday, July 5, 2022 RISK-2 How to evaluate compliance risk Tuesday, July 12, 2022 RISK-3 How to identify risk measures and controls using bow-tie analysis Tuesday, July 19, 2022 RISK-4 How to track compliance risk using risk scores Tuesday, July 26, 2022 RISK-5 How to manage risk due to regulatory change

In general terms, these are risk controls and measures. It will safeguard against irreducible risk and buy-down reducible risk to provide the necessary total business-like approach that uses a systematic, explicit and comprehensive process for managing safety risk This is reinforced by a risk-based culture where risk is viewed as something to optimize rather than Technical processes - are risk measures used to contend with threats, vulnerabilities, and risk.

Lean and risk management practices are helpful to reduce waste and improve efficiencies not only for Promise keeping should be risk and evidence-based. Do you know what your overall compliance risk is - are your assets more than your liabilities? This will include operational risk.

The path you choose will determine: whether you are reactive or proactive , your approach to risk will be with those that want to see: better outcomes, improved safety, increased quality, appropriate risk

They also are at risk of falling on the ground or rotting on the vine. low hanging fruit is that it leads to working on the easiest things first and leaves what is most at risk Those that manage project risk will know that it is best to front load efforts with the hard things, As a result, risks are never properly dealt with and the outcomes of compliance are never realized. This mindset will lead to a focus on anticipation, contending with risk, practising healthy behaviours

Answer : All our safety obligations, commitments, risk and measures are documented, measured, controlled We are making continued progress evidenced by fewer incidents and lower risk which we continuously measure Answer : All our quality obligations, commitments, risk and measures are documented, measured, controlled We are making continued progress evidenced by fewer defects and lower risk which we continuously measure Answer : All our environmental obligations, commitments, risk and measures are documented, measured,

zero fatalities, and zero harm, the focus for compliance is now on continuous improvement, managing risk Risk controls (measures) are put in place to ensure that objectives are achieved, and outputs are evaluated

When it comes to risk & compliance it is important to identify, collect, and monitor data of all kinds These are the easiest to capture and are useful to provide the status or condition of a particular risk Similarly, for risk & compliance – methods without measurements is also nonsense. While it is essential to know the status of risk & compliance system it is also important to know the These are most useful when assessing the performance of a risk & compliance program.

the same appetite for risk as we do. Others may be intolerant and choose not to have any risks whatsoever. Risk can be treated Risk in many cases is reducible. For you, risk might be closer to home or your business. There will always be some risk When it comes to contending with risk, we will do our part to establish

In recent years, Governance, Risk, and Compliance (GRC) frameworks have become essential tools for integrating When applied to GRC, this principle ensures that all governance, risk management, and compliance practices This iterative approach fosters adaptability and resilience, enabling organizations to stay ahead of risk

Single point evaluations are poor predictors of risk. Where staying between the lines is mission critical, risk and compliance programs to be operational must Unfortunately, most organizations don't consider risk exposure in their decision making and so don't expect it from their risk and compliance programs.

Cybersecurity Risk Landscape When we look across the cybersecurity landscape one can make the following observations with respect to risk: Threats to people and things we care about are all around us and The conditions for cybersecurity risk are also increasing, specifically now as more employees are working Cyber risk is a real threat, involves technical measures to address but is foremost a business problem look at various standards, guidelines, and strategies companies are using to address cybersecurity risk