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Getting our risk management right on track 2011 dc
 

Getting our risk management right on track 2011 dc

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Organization that is struggling to effectively implement risk management or have not implemented a formal, proactive, structured risk management framework could use ISO 31000 as a useful guidance

Organization that is struggling to effectively implement risk management or have not implemented a formal, proactive, structured risk management framework could use ISO 31000 as a useful guidance

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    Getting our risk management right on track 2011 dc Getting our risk management right on track 2011 dc Presentation Transcript

    • GETTING OUR RISK MANAGEMENT RIGHT ON TRACK Diane Christina | 2011 CRMS Half Day Seminar on ERM Using ISO 31000 16 February 2011
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Key Points • Using ISO 31000 as a useful guidance to implement risk management • Strategies for enhancing risk management based on ISO 31000
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Key Points Is our organization struggling to effectively implement risk management? Strategies for enhancing risk management based on ISO 31000 or Is risk management not implemented as a formal, proactive based on structured risk management framework? Using ISO 31000 as a useful guidance to implement risk management
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context ISO 31000 provides “essential qualities” for effective risk management through its 11 principles Define the Importance of Managing Risk as Part of Strong 1 1mo Corporate Governance Develop the Risk Management Framework and Organizational 2 arrangement include plan, relationship, accountabilities, 3mo resources, capability, process, and activity 3 Putting theory into practice by Implementing Risk Management 4mo Build effective monitoring mechanism through well-designed 4 2mo periodic reporting to stakeholder Facilitates continual improvement to improve current processess 5 and/or progress towards a more mature risk management 2mo framework
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context Define the Importance of Managing Risk as Part of Strong 1 Corporate Governance ISO 31000 introduction list 18 benefits of managing risk: • increase the likelihood of • improve mandatory and • enhance health and achieving objectives; voluntary reporting; safety performance, as • encourage proactive • improve governance; well as environmental management; • improve stakeholder protection; • be aware of the need to confidence and trust; • improve loss prevention identify and treat risk • establish a reliable basis and incident throughout the for decision making and management; organization; planning; • minimize losses; • improve the identification • improve controls; • improve organizational of opportunities and • effectively allocate and learning; and threats; use resources for risk • improve organizational • comply with relevant legal treatment; resilience. and regulatory • improve operational requirements and effectiveness and international norms; efficiency;
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context Develop the Risk Management Framework and Organizational 2 arrangement include plan, relationship, accountabilities, resources, capability, process, and activity ISO 31000 state the prerequisite element of effective risk management
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context 3 Putting theory into practice by Implementing Risk Management ISO 31000 adopted risk management process identical to AS/NZS 4360 comprises 5 key activites • Ensuring the risk management process is understood by risk owner through good communication and training • Ensuring the risk management activities is taken place through risk assessments, risk workshops, internal control, etc
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context Build effective monitoring mechanism through well-designed 4 periodic reporting to stakeholder ISO 31000 Clausal 4 & 5 • Key Principles • Process Elements Compliance & Risk Unit Governance Unit Internal Audit
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context Facilitates continual improvement to improve current processess and/or 5 progress towards a more mature risk management framework ISO 31000 Clausal 4 & Annex A: Attibutes of enhanced risk management • Continual Improvement • Full Accountability for Risks • Application of Risk Management in all Decision Making Processes • Continual Communications • Full Integration in the Organization’s Governance Structure
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Using ISO 31000 as a useful guidance to implement risk management in Indonesia Context Facilitates continual improvement to improve current processess and/or 5 progress towards a more mature risk management framework Risk Maturity level Year 2010 Based on 35 Companies
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Strategies for enhancing risk management based on ISO 31000 ISO 31000 provides “essential qualities” for effective risk management through its 11 principles Refine the Importance of Managing Risk in related to the 1 1mo achievement of objectives Review and Update the Existing Management Framework 2mo 2 align with ISO 31000 prerequisite elements 3 Communicate the key changes whilst having buy-in from 2mo management and risk owners Appoint risk owner for risk management ‘refreser’ training 4 3mo and encourage them to undertake a review and updated of their risk register/profile
    • Terima Kasih Sekretariat Indonesia PRiMA Wisma Bisnis Indonesia lt 2 Jl. KH Mas Mansyur 12A Jakarta 10220 - Indonesia T 021 9827 6708 E. sekretariat@indonesiaprima.org 12
    • DC | 2011 | Getting Our Risk Management Right on Track using ISO 31000 Profil Diane Christina [diane.christina1@gmail.com] Diane Christina menempuh pendidikan S-1 bidang akuntansi di Universitas Katolik Parahyangan dan lulus S-2 bidang keuangan perusahaan dengan predikat Cum Laude dari Unpar pada tahun 2004. Beliau memulai kariernya sebagai konsultan pajak dan internal auditor di beberapa perusahaan di Bandung sebelum akhirnya memutuskan untuk memulai bisnisnya sendiri di bidang pajak, keuangan, dan akuntansi. Saat ini beliau menjabat sebagai direktur di APB Group (Indonesia | Australia), yang bergerak di bidang Business Advisories, Knowledge, and Solutions. Sejak awal 2010, beliau juga dipercaya sebagai anggota Komite Audit dan Komite Pemantau Risiko di Bank Harda Internasional. Beliau memegang beberapa sertifikat profesional dari dalam dan luar negeri di bidang manajemen risiko dan business continuity seperti CPRM (Certified Practising Risk Management) dari Australia, CRMP (Certifed in Risk Management Professional) dari Indonesia, BCCP (Business Continuity Certified Planner) dari Singapura. Beliau juga terlibat di berbagai organisasi profesi seperti LKDI (Lembaga Komisaris dan Direksi Indonesia), RMIA (Risk Management Institution of Australasia), PRMIA (Professional Risk Managers’ International Association), dan Indonesia PRiMA (Professional in Risk Management Association), serta dunia akademis sebagai pengajar di almamaternya. Kegiatan beliau yang terakhir adalah ikut terlibat dalam tim penyusun Pedoman Manajemen Risiko berbasis Governance yang diprakarsai oleh KNKG (Komite Nasional Kebijakan Governance) bentukan Kementerian Koordinator Bidang Perekonomian Indonesia. 13