Submitted by Alex Souto – City of Pasadena
ERM Standards – COSO v ISO 31000
Thinking About Risk in Making Major Decisions
The Role of Risk Leadership in Defining ERM Readiness in Government
2023 Government Risk Awareness Week Day 2: State & Local Outreach Committee
The State and Local Outreach Committee is designed to promote ERM education and professional development by bridging federal, state, and local ERM government entities. This involves creating an inclusive environment for exchanging ideas, sharing effective practices, and discussing common experiences for the betterment of all ERM government practitioners.
The Committee was developed out of national need to start involving various levels of government to start engaging in ERM best practices and educational opportunities. By opening new channels and networks to all public entities that share in the critical need to manage their risks, the true value of ERM emerges for every level of government. Federal government practitioners bring their maturity of experience to state and local practitioners; whereas state and local practitioners bring innovation and agile ideas that may benefit federal practitioners. Bringing together all levels of government ERM practitioners for deep conversation and dialog will benefit all participants by increasing their understanding and awareness of ERM practices and approaches.
2024 will be a pivotal year for AFERM. At the November Summit, AFERM will be announcing the first State and Local Outreach Committee Members to serve and represent state and local government entities implementing ERM across the U.S. These positions include:
- National Committee Chair
- National Vice Committee Chair
- National Committee Advisor
- Western Regional Representative
- Midwestern Regional Representative
- Northeastern Regional Representative
- Southern Regional. Representative
If you are interested in ERM or currently have a program and the state and local level, we encourage to reach out to us and join the state and local outreach group. We are here to build a coalition of ERM professionals at all levels of government. Regardless of where you are at in your ERM journey, our first mission is to just find you! To reach us, please visit us at AFERM’s website at https://resources.aferm.org/committees/
Download the PDF2023 Government Risk Awareness Week Day 1: ERM Community of Practice
The ERM Community of Practice (ERM CoP) was created to provide an open forum for enterprise risk management (ERM) professionals from across the Federal Government. The ERM CoP was founded in 2017 after the release of the update to OMB Circular A-123 as a forum for federal employees in ERM to come together to share experiences and get and provide advice to each other. It is led by Treasury’s Deputy Chief Risk Officer. It is comprised of and operated entirely by federal employees from over 50 agencies. This group has been central in mobilizing ERM efforts for the Federal Government including writing and updating the ERM Playbook, creating a Federal ERM Maturity Model, and providing input into other various related guidance and regulations.
Past Highlights
Roundtable Discussions
- Defining Risk Appetite
- Integrating with Strategic Reviews and Strategic Planning
- ERM Policy and Governance
- Enterprise-level Risk Assessments
- Office of Management and Budget (OMB) Circular Guidance
- Strengthening the Connection with Strategy and Budget
- Implications of Artificial Intelligence for ERM
Shared Risk Area Discussions
- Hiring
- Procurement
- Security Clearance
- Artificial Intelligence
- Administration Transition
- Cyber
- Fraud
- Environmental, Social, and Governance
- Emerging Risks
Call for Action!
The ERM CoP welcomes federal employees who are ERM practitioners for agencies. Non-federal employees are not permitted to join, and the group does not include inspectors general. If you have interest in joining the ERM CoP, please reach out to Karen.Weber@treasury.gov or Andrew.Tiedeman@treasury.gov.
Download the PDFResearch Security Risk Mitigation Decision Tools and Processes
Podcast: How the Federal Government Thinks about Risk with Marianne Roth
- A little bit about Marianna and her work at CFPB.
- How did Marianne discover risk management?
- As someone who once worked for TSA, Marianne has some wild stories!
- Someone once tried to sneak an alligator onto a plane.
- How does the government think about risk?
- Marianne shares how the TSA thought about risk and modified their security operations to better serve the people.
- What does it take to be a good risk manager at TSA?
- How does Marianne think about community and expanding her professional network?
- Marianne explains how you navigate different political parties and leadership objectives in her industry every 4 years.
- Marianne explains some of the strategies she’s incorporating to attract new talent.
- What’s next for Marianne?
- What advice would Marianne give her younger self?
- How is the federal government thinking about diversity and inclusion when it comes to the risk management space?
- Mentioned in This Episode: Consumerfinance.gov Marianne on LinkedIn
Risk Beyond 2022
David R. Koenig, President and CEO of the DCRO Institute from United States of America, delivers his insights on how to deal with the challenging environments we are currently facing. Risk Beyond International Conference 2022 is Asia’s premiere Risk Management conference, designed to provide governance, risk, and compliance practitioners around the world an extensive insight into various GRC issues that organizations face while cultivating shifted perceptions.
Creating a Culture of Risk Management in the IRS
The RIMS Strategic and Enterprise Risk Center presents: 2022 Melissa Reynard Director of ERM at the Internal Revenue Service
In November 2021, RIMS presented the Internal Revenue Service with the society’s 2021 ERM Global Award of Distinction. The IRS was honored for its progress in anticipating emerging risks, the steps it took to create a more risk-aware culture, and ultimately developing an ERM structure to enhance risk sharing and strategic decision-making.
The honor was well deserved, as so much needed to be accomplished and implemented against the backdrop of an extended government shutdown, sweeping tax reforms and significant operational disruptions within the IRS itself caused by the COVID-19 pandemic. The government agency’s ERM program assisted its resilience amidst mounting uncertainties and vulnerabilities.
To learn more about the ERM program, we met with Melissa Reynard, director of ERM at the IRS, who was on site to receive the award at the RIMS ERM Conference 2021. Reynard has served in the position since January 2020, and previously was a senior risk advisor in the IRS Office of the Chief Risk Officer, a role she assumed in 2014.
Download the Interview