Under the Memorandum of Assurance and Accountability between the Higher Education Funding Council for England (HEFCE) and universities, every university is expected to have a robust and comprehensive system of risk management, control, and corporate governance.
The documents and links below, draw together a number of key internal controls that form part of the University’s Corporate Assurance. This is led by the Deputy Secretary & Registrar (Corporate Assurance) and is supported by the Governance Co-ordinator.
The University's arrangements for risk management and business continuity planning form part of its system of corporate governance and internal control. The Audit Committee is responsible for oversight of internal control, including risk management and business continuity planning.
The Risk Management Policy differentiates between strategic and operational risks. Strategic risks are risks that might threaten the University’s ability to meet its key objectives. Strategic risks are recorded in the Corporate Risk Assurance Register, managed by the University Executive Team and monitored by the Audit Committee. Operational risks are risks that are present in the day-to-day functions and services of the University. Every employee at the University will have some responsibility for managing operational risks. Operational risks are recorded in School / Service risk registers which are monitored locally.
Business Continuity Planning
The University has a Crisis Management Plan in place that details how the University will respond to crises. The Crisis Management Plan requires Crisis Response Plans for certain Services and Business Recovery Plans for Schools and Services. The plans are tested and reviewed regularly.
More information can be accessed at the Risk Management & Business Continuity Planning webpage
The University a number of regulations and procedures in place to make sure that how we work on a day-to-day basis is properly controlled and to reduce the likelihood of fraud, irregularity, bribery or corruption occurring.
Our system of internal control is designed to identify the principal risks to the achievement of our aims and objectives, to evaluate the nature and extent of those risks and to manage them effectively.
Any losses to our University through fraud, irregularities, bribery and corruption will potentially reduce our ability to achieve our strategic goals. We expect all staff and governors to uphold high standards, leading by example, with integrity and responsibility.
The aims of our Counter Fraud and Anti-Bribery Policy are to: continue to promote a culture of honesty, integrity and professionalism; set out our responsibilities and of those working for us, or on our behalf, in observing and upholding our position on fraud, irregularity, bribery and corruption; and provide information and guidance to those working for our University on how to recognise and address fraud, irregularity, bribery and corruption issues.
The Counter Fraud and Anti-Bribery Policy applies to all individuals working at all levels and grades, including all academic staff, senior managers, officers, directors, employees (whether permanent, fixed-term or temporary), governors, consultants, contractors, trainees, seconded staff, casual associated staff and agency staff, volunteers, interns, agents, or any other person acting on behalf of our University, including agents or third-party representatives, which sometimes includes students. The Policy should be read in conjunction with our Whistleblowing (Public Interest Disclosure) Complaints Procedure, a link to which is given on this page.
More information can be accessed at the Counter Fraud and Anti-Bribery webpage
This Procedure provides for investigation and, where appropriate, action in respect of 'whistleblowing' disclosures.
The Audit Committee advises the Board of Governors on the annual financial statements and monitors the performance and effectiveness of the internal and external auditors. More information can be accessed at the Audit Committee webpage.
The prime responsibility of Internal Audit is to provide the Board of Governors, the Vice Chancellor and other University managers with assurance on the adequacy and effectiveness of risk management, control and governance arrangements. More information can be accessed on the Internal Audit Procedures (staff webpage) .
The University must comply with specific duties as described by the Home Office in its Tier 4 policy guidance for sponsors. To retain its Tier 4 Sponsor status these compliance duties include keeping certain records and reporting changes in a student’s circumstances in accordance with Appendix D of the Points Based System: Guidance for Sponsors. More information can be accessed at the Tier 4 webpage (staff webpage).