Annual Report and Accounts 2009-10 - Welfare Reform impact ...

The Risk Control Framework (RCF)
The ILF’s risk appetite is ‘risk averse’. This is demonstrated in various policies
related to users (for example, application selection, definition of qualifying
support and services, unspent moneys, backdating) and administration
(for example, control of intranet and business email, travel, subsistence
and hospitality rules), in the assignment of lead risk owners at Director
level, and in the management control processes.
The key strands of the ILF’s risk management strategy are:
• to ensure that there is ownership and awareness of risk throughout
the organisation;
• to ensure that a systematic process is in place for identifying, monitoring,
reporting and controlling the key risks faced by the ILF in delivering its
corporate agenda – this includes maintaining risk registers which log
risks at strategic, directorate and project levels;
• to manage risk in accordance with best practice;
• to provide risk management training;
• to promote and communicate risk awareness to staff at every
available opportunity;
• to provide support and guidance to our staff and give them the
confidence and the ability to manage risks at the appropriate level
within the ILF;
• to maintain, review, update and test the business continuity plans
that are in place for all areas of the ILF; and
• to operate a system of annual and mid-year Stewardship Reporting
whereby at the end of quarter two and quarter four, each Director
formally reports to the Accounting Officer on the effectiveness of the
systems of internal control and action that they have taken to manage
resources and risks within their Directorate.
62 Independent Living Fund (2006)