Risk Management

Our University is committed to ensuring that it has a robust system of internal control which supports the management of risk, in line with regulatory requirements and good practice in risk management.

Risk Management Policy

The Risk Management Policy explains our University’s underlying approach to risk management, documenting the roles and responsibilities of the Board of Governors, the Vice Chancellor and University Executive team, and other key parties. The policy also outlines key aspects of the risk management process, identifies main reporting procedures, and describes the processes by which the Board of Governors will evaluate the effectiveness of our University’s internal control procedures.

Roles and responsibilities

The Board of Governors has primary responsibility for ensuring adequate and effective risk management of our university’s activities and approves our university’s risk appetite. The last university’s risk appetite was last approved by the Board of Governors on 14 July 2023.

The Audit Committee has delegated authority to oversee and provide advice on our university’s framework for risk management and receives the Corporate Risk Register. The University Executive team reviews the Corporate Risk Register and monitors and updates the risks as appropriate throughout the year.

The Vice Chancellor is supported by the Registrar & Secretary who has operational responsibility for the development and implementation of the Risk Management Policy and for ensuring that risk management processes are appropriately co-ordinated and consistent across our University.

Deputy Vice Chancellors, Pro Vice Chancellors, Deans of School, and Directors and Heads of Service are responsible for ensuring good risk management practice within their portfolios of responsibility and maintain local risk registers for their areas.

Useful Resources