Decision Maker: Audit Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Support Services Case Management Officer presented the latest Strategic Risk Register. The Register contained all those risks above and below the line of risk tolerance. He explained that all risks above the line of tolerance had mitigations listed and the mitigations were designed to reduce the risk in terms of likelihood or impact or both and to reduce the risk from the current position on the risk matrix to the target position. The Support Services Case Management Officer informed Members that there were 15 risks listed at Appendix 1 to the report and he highlighted the six risks which were above the line of appetite. He went on to explain that a risk should reach its target position by the target date and for a risk to be managed on schedule the mitigations must be implemented by their due dates. Over 60% of the Strategic Risks were positioned below the risk tolerance which demonstrated the effective mitigation and regular review of the risks.
The Support Services Case Management Officer responded to questions raised by Members. In response to a question regarding the position of Risk 17 - Cyber Security Incident he stated that the Information and Communications Technology (ICT) arrangements were considered to be robust and were outlined in the next item on the Agenda: Internal Audit Recommendations Monitoring Report - Appendix 2. In addressing a query regarding the mitigation process regarding Risk 6 - Medium Term Financial Planning he explained that mitigations against the risk were continually monitored and in addition the Chief Executive added that the Council’s finances were sound however it was acknowledged that there were risks, a number of which were out of the Council’s control. In response to a question regarding Risk 5 – Impact of the Welfare Reform on communities the Support Services Case Management Officer advised Members that the Revenues and Benefits Department monitored the risk from a welfare perspective and the Director of Strategy, Innovation and Resources added that a Building Financial Resilience group had been set up which was a multi-agency collaboration to reduce poverty.
RESOLVED – That the Strategic Risk Register, as at Appendix 1 to the report, be noted.
Report author: John Davies
Publication date: 15/08/2019
Date of decision: 25/07/2019
Decided at meeting: 25/07/2019 - Audit Committee