Public Sector Risk Management

Best Practices for Mitigating and Controlling Risk in Your Organization

DAY ONE: Tuesday, February 26, 2007

8:00 - 9:00   Registration and Continental Breakfast   9:00 - 9:10 Welcome and Opening Remarks from the Chair John Lark, Risk Practice Manager, Stratos Inc, former Director of Integrated Risk Management, Audit and Evaluation at Fisheries and Oceans Canada   9:10 - 10:10 Risk Management in the Public Sector ‚ Recent Updates Ramnarayanan Mathilakath, Senior Analyst, Expenditure Management, Treasury Board of Canada New risk management requirements in the public sector Risk management in the U.S. public sector How risk management is being used Crown corporations and voluntary initiatives such as Canada Post New Financial reporting requirements Recent trends and what to expect   10:10 - 10:30   Networking Break   10:30 - 11:30 Integrating Risk Management into Management Processes Hubert Huang, Associate Director, Risk Consulting, Protiviti Canada Managing the complexity of risks involved in today's public sector organizations requires an appropriate and effectively implemented risk management framework to protect against performance threats and generally manage businesses better: How to apply risk management in strategic and business-planning considerations How to incorporate indicators of risk and risk management into governance and management structures Developing enterprise wide risk tolerances Identify, assess and communicate risk exposures How to design of risk management strategies Monitoring the effectiveness of risk management strategies Methods to set objectives to manage risks and desired outcomes Allocate suitable and sufficient resources   11:30 - 12:30 Statistic Canada's Integrated Control Framework Paul Johanis, Assistant Chief Statistician, Management Services Field, Statistics Canada Risk profiling and organizing your catalogue of risks Designing controls as risk mitigation measures Ensuring controls are effective   12:30 - 1:45   Luncheon   1:45 - 2:45 Creating an Effective Risk Management Environment Nowell Seaman, Director, Risk and Insurance Management Society Inc.; Manager, Risk Management and Insurance Services, University of Saskatchewan How to implement a risk management program Setting objectives and expectations Senior management buy in The scope and budget Staff resources and job descriptions Communication strategy Use of IT tools Developing risk-aversion environment and culture   2:45 - 3:00   Networking Break   3:00 - 4:00 Auditing - Risk Management Approaches John Lark, Risk Practice Manager, Stratos Inc.; formerly Director of Integrated Risk Management, Audit and Evaluation at Fisheries and Oceans Canada How to audit integrated risk management programs Controls that exist to ensure consistent and reliable results Identifying the risks in effective Integrated Risk Management   4:00 - 5:00 Understanding Risk Management in Managing IT Nancy Rector, Partner, Enterprise Risk Services, Deloitte and Touche LLP Risk management and IT: understanding risk potential inherent in every new IT product and process Theft or distribution of personal data Protection and damage control strategies   5:00   End of Day One See Agenda for Day Two REGISTER