Operational (through GC) 1 3 6 Effective governance procedures backed up by CE regular reports from committees and staff. Publish FIMT objectives, outcomes and priorities with eligibility & assessment criteria; be transparent where possible; ensure consistent use of assessment criteria, scoring ranges and outcomes Staff turnover and or 1 4 8 Exec Team is directly employed under contract Retention review remuneration annually (Mar 16) CE – unexpected absence requiring notice to leave. All other services Resilience upskill and cross-train Exec Team – resulting in delivered via support contracts with (ongoing) and loss of organizations not individuals. Informal Staff healthcare plan to be considered as part of the corporate knowledge arrangement with Alium for Interim CE at 48 2016 Remuneration paper to the Board (Mar 16) hours’ notice Staff overstretch 2 2 6 Workload monitored by CE with reallocation or CE resulting in failure to postponement if necessary. cope with workload IT equipment failure 2 2 6 Minimal equipment is held by FiMT, IT CE (including virus) or infrastructure and support are provided by breakdown ABF-TSC and/or cloud-based. Cyber attack 1 4 8 IT services provided by ABF-TSC; FiMT fully Office productivity (Office 365), financial CE compliant with their rules. On-line banking management system (Xero) and CRM (MS with Barclays Business. Dynamics) will all be cloud-based by mid-2016. Upgrade of procedures in line with Government best practice required and was implemented at end-2015 Financial (through FiC to GC) 1 4 8 Processes in Regulations. BACS payments CE require two signatures. Delegation and authorisation levels in place. Record in Board and Grants Committee minutes of all grants made and amount awarded, projects reviewed regularly to ensure performance and delivery is being achieved.
Operational (through GC) 1 3 6 Effective governance procedures backed up by regular reports from committees and staff. Publish FIMT objectives, outcomes and priorities with eligibility & assessment criteria; be transparent where possible; ensure consistent use of assessment criteria, scoring ranges and outcomes CE Staff turnover and or unexpected absence resulting in and loss of corporate knowledge 1 4 8 Exec Team is directly employed under contract requiring notice to leave. All other services delivered via support contracts with organizations not individuals. Informal arrangement with Alium for Interim CE at 48 hours’ notice Retention – review remuneration annually (Mar 16) Resilience – upskill and cross-train Exec Team (ongoing) Staff healthcare plan to be considered as part of the 2016 Remuneration paper to the Board (Mar 16) CE Staff overstretch resulting in failure to cope with workload 2 2 6 Workload monitored by CE with reallocation or postponement if necessary. CE IT equipment failure (including virus) or breakdown 2 2 6 Minimal equipment is held by FiMT, IT infrastructure and support are provided by ABF-TSC and/or cloud-based. CE Cyber attack 1 4 8 IT services provided by ABF-TSC; FiMT fully compliant with their rules. On-line banking with Barclays Business. Office productivity (Office 365), financial management system (Xero) and CRM (MS Dynamics) will all be cloud-based by mid-2016. Upgrade of procedures in line with Government best practice required and was implemented at end-2015 CE Financial (through FiC to GC) 1 4 8 Processes in Regulations. BACS payments require two signatures. Delegation and authorisation levels in place. Record in Board and Grants Committee minutes of all grants made and amount awarded, projects reviewed regularly to ensure performance and delivery is being achieved. CE
20160215-Risk-Register-v16-1.docx