The required services may include, but are not limited to the following:
- Conducting risk assessments and evaluating potential risk and losses
- Identifying project and procurement risks
- Reviewing and auditing claims
- Recommending alternative solutions, methodologies and strategies for risk mitigation and management
- Assisting in prioritization and assignment of risks
- Assisting in the development and/or implementation of Risk Management Plans
- Developing and managing the implementation of Risk Management Plans (safety programs) to identify, analyze, plan, track, evaluate and control project risks on a continuous basis throughout the project life cycle
- Coaching, mentoring and training project teams in risk mitigation techniques
- Developing and implementing business continuity plans
- Developing crisis and emergency communication and/or management planning strategies
- Reviewing the organization’s insurance and risk management programs and making recommendations regarding coverage improvements, administration, loss control and financing mechanisms
- Providing leadership and support to the design, implementation and evaluation of clients products/services performance measures, risk management and risk mitigation strategies
- Documenting process improvements
- Preparing reports for internal or external publication (Corporate Services, Policy, Communications)
- Liaising with and interviewing stakeholders, as required, to obtain, clarify and exchange information, in-order to co-ordinate and manage the Risk Assessment Process
- Identifying, confirming and documenting the risk tolerance for the process, project, program, or strategic risk and using this tolerance to guide all analysis, assessment and recommendations undertaken or produced
- Identifying, confirming and documenting the objectives and priorities specific to the process, project, program or strategic direction being assessed, feasibility studies
- Identifying relevant risks and opportunities (including, but not limited to, economic, political, operational, legal, reputation, technical, organizational, accounting, banking and social risks) that threaten the objectives and priorities
- Utilizing both quantitative and qualitative techniques, as appropriate, to assess the likelihood that a risk event will occur/or the impact if the risk event occurs
- Recommending a ranked-order for risks and opportunities identified
- Recommending and documenting suggested Risk Responses necessary to manage the likelihood and/or impact of the identified risks
- Performing Control Risk Assessments and analysis, which may include statistical sampling and analysis of existing controls
- Assisting with the on-going monitoring of risk and assisting with the implementation of risk response/mitigation strategies
- Preparing draft and finalized risk assessments, briefing notes, presentations and papers related to risk management, and developing and updating risk management plans
- Providing advice with respect to risk management best practices and providing guidance and direction to assist in managing risk
