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Risk Management

Risk Management Policy

The Risk Management Policy forms part of King's College London's internal control and corporate governance arrangements and has been approved by King's College Council.

The policy 
  • explains the university's underlying approach to risk management
  • documents the roles and responsibilities of the Council, Audit, Risk and Compliance Committee, Senior Executive Team and other key parties, including Executive Deans of Faculties and Heads of Non-Academic Departments
  • outlines key aspects of the risk management process and identifies the main reporting procedures.
Enterprise Risk management at King's

The Senior Executive Team has responsibility for overseeing risk management within the university as a whole.

This includes

  • implementing policies on risk management and internal control
  • assessing strategic risks (top-down)
  • receiving risk reports from Deans of Faculties and Heads of Departments (bottom up) and
  • considering the potential aggregate impact of the university's high likelihood, high impact risks.

At a practical level the university has established a risk register and control assessment and has sought to incorporate the management of risk into the corporate planning and decision making processes of the university, notably within the business planning process. Further information on risk management at King's can be found on the internal pages here

The Audit, Risk and Compliance Committee on behalf of King's College Council plays a key role in reviewing the process.

 

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