Enterprise Risk Management
The Research Foundation faces a range of risks that can affect the achievement of its business objectives and the fulfillment of the overall SUNY mission. These risks can be caused by a range of RF activities, from strategic initiatives to its operations, processes, functions, projects, services, and assets. These risks can influence the Research Foundation’s strategic planning, daily operations, financial condition, reputation and other outcomes and impacts.
The Office of Compliance Services (OCS) manages the Risk Management Program, coordinating and reviewing issues related to risk and risk management throughout the enterprise, and working with audit to present their findings to the board on an annual basis. The OCS works with the Enterprise Compliance Team (“ECT”), which is comprised of key representatives of risk owners throughout the enterprise, to help ensure that different views are considered when defining risk criteria and evaluating risks.