Risk Services
Our mission is to enable the University faculty, staff and students to identify and manage risks associated with their activities, consistent with the University's missions of teaching, research and public service. By strategically managing risk we can reduce the chances of loss, create greater financial stability, and protect our resources.
Major functions of the Office of Risk Services include developing and implementing Enterprise Risk Management to identify risks and controls systemwide, resulting in reduced cost and efficiencies; identifying risk and developing strategies to minimize the impact of risk; developing a center of excellence for managing risk, drawing on the expertise of highly-skilled individuals throughout the University; reducing costs and improving safety by executing new ideas and strategic plans in a rapid manner.
News worthy...
The Office of Risk Services recently issued two systemwide emergency management reports – the Annual Emergency Management Status Report (2011) (pdf) and a Hazard Mitigation Progress Report (pdf) that follows up on the systemwide Hazard Vulnerability Assessment that was completed in 2005.
January is Data Privacy Month
Information on Webinars and Awareness Opportunities
Cost of Risk Report (pdf)
The Cost of Risk has been reduced to $13.43 per $1,000 of operating budget
The rating agency Standard and Poor's has recognized UC for its ERM program:
"The UC has implemented a system-wide enterprise risk management information system, which, in our opinion, is a credit strength." — RatingsDirect on the Global Credit Portal, September 9, 2010
At the request of Standard & Poor's, the Office of Risk Services conducted a webinar on Enterprise Risk Management in Higher Education, which we are pleased to be able to make available.
