City of Stirling Corporate Business Plan

Risk management

Oversight of the Risk Management Framework sits with the Corporate Risk Management Group, which reports to the Executive Team, and through the Executive Team to the Audit Committee in respect of the requirements of the Local Government (Audit) Regulations 1996 regulation 17.

In the process of carrying out the responsibilities of a local government in a changing environment, the City faces a broad range of risks from both external and internal sources.

To effectively manage these risks, the City has adopted a Risk Management Policy and Framework that aligns with the Australian/New Zealand Standard AS/NZS ISO 31000: 2018 Risk Management – Guidelines. The City’s approach to risk management is that it is an integral part of the management function in the organisation, and is the responsibility of all employees, with Business Unit Managers having overall responsibility and accountability for assessing and managing risk within the context of their business environments. Business Units are supported in this role through the development, maintenance and continual improvement of an

active risk management culture that acknowledges the need for assessment, management, recording and reporting of risks in all functions and processes. The City assesses and manages risks both at a corporate level (top-down) and business unit level (bottom-up). The City maintains a corporate risk register, which is closely aligned with the objectives and initiatives of the City’s Corporate Business Plan and highlights key risks influencing the achievement of its objectives. Business Units maintain risk registers relevant to their functions, services and projects.

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