Enterprise Risk Management (ERM) at º¬Ðß²ÝÉçÇø supports leadership and departments by identifying and evaluating risks that may impact the institution\u2019s ability to achieve its mission, maintain operational continuity, and meet financial and compliance obligations.<\/span><\/p>\nThe Office of Risk Management assists the University by providing oversight and coordination related to institutional risk exposure, insurance programs, claims management, contract risk review support, and risk-informed decision-making.<\/span><\/p>\nERM is not limited to safety-related concerns and includes broader institutional risks such as financial exposure, operational disruption, reputational risk, regulatory compliance, and strategic risk.<\/span><\/p>\n<\/div><\/div><\/div>
Key Areas of Support<\/h3><\/div>The Office of Risk Management supports Enterprise Risk Management through:<\/span><\/p>\n<\/div>\n- Insurance and Risk Financing<\/b>\n
\n- Oversight of institutional insurance programs (property, liability, vehicle, and related coverages)<\/span><\/li>\n
- Coordination with brokers, carriers, and state risk management programs<\/span><\/li>\n
- Support for coverage interpretation and risk transfer planning<\/span><\/li>\n<\/ul>\n<\/li>\n
- Claims Coordination<\/b>\n
\n- Coordination and documentation support for property, liability, and vehicle claims<\/span><\/li>\n
- Collaboration with departments to gather claim information and facilitate communication with insurers<\/span><\/li>\n
- Support for loss trend review and mitigation recommendations<\/span><\/li>\n<\/ul>\n<\/li>\n
- Contract and Agreement Risk Review Support<\/b>\n
\n- Assisting departments in reviewing contracts for risk-related provisions<\/span><\/li>\n
- Identifying insurance, indemnification, and liability language that may create institutional exposure<\/span><\/li>\n
- Coordinating with Legal Counsel and Finance when appropriate<\/span><\/li>\n<\/ul>\n<\/li>\n
- Institutional Risk Oversight<\/b>\n
\n- Identifying and tracking risks that may impact campus operations, financial stability, compliance, or strategic priorities<\/span><\/li>\n
- Supporting leadership through risk-based recommendations and coordination across departments<\/span><\/li>\n
- Encouraging consistent documentation and proactive risk planning across the University<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>