Role of the Risk Management Office
The Risk Management Office is responsible for identifying, assessing, and overseeing the effective management of risks across the University. Acting as the second line of defence, the Risk Management Office provides independent oversight and ensures that risks are appropriately managed in alignment with Trinity’s strategic objectives.
The office works collaboratively with schools, faculties, and units to embed a consistent and effective Risk Management Framework across the institution.
Responsibilities of the Risk Management Team
1. Development and Implementation of the Risk Management Framework
The office continuous improvement of a comprehensive Risk Management Framework, ensuring it remains robust, responsive, and aligned with the University’s evolving risk landscape.
2. Risk Identification and Assessment
The Risk Management Office supports all areas of the University in identifying and assessing current and emerging risks.
3. Risk Appetite Statement
The office works with all areas of the University to develop and refine the Risk Appetite Statement, clearly defining the types and levels of risk the institution is willing to accept in pursuit of its strategic goals. This includes embedding a framework of limits and controls tailored to Trinity’s diverse risk profile.
4. Independent Oversight and Assurance
As a second line of defence, the Office provides independent oversight of risk-taking activities and reports on the University's overall risk profile. This ensures accountability and consistency in the way risks are identified, assessed, and managed.
5. Strategic Alignment
Risk management activities are designed to support Trinity’s broader strategic ambitions by promoting informed decision-making and ensuring that all risk-taking remains within agreed tolerances.
6. Continuous Improvement
The Risk Management Framework is subject to ongoing review and enhancement to ensure it continues to meet the needs of the University.