- Implementation of SSGC Enterprise Risk Management (ERM) Framework:
- Risk inventory for all risk functions has been consolidated by developing consolidated risk register..
- Formal processes for risk management escalation have been developed and trainings are being imparted regularly.
- Implementation & Change Management of Departmental Policies and Procedures:
Conducted training sessions for 19 departments, including Heads of Departments and Risk Champions on their implementation. 45 personnel have been trained so far to empower teams to effectively implement policies and procedures, ensuring a higher level of compliance and risk
- Integrating Risk Management into decision-making processes:
Seamlessly integrate risk management considerations into the decision-making processes of key operational departments to manage risk effectively and comply with the relevant OGRA standards / international best practices.
- Promoting Risk Culture Awareness throughout the organization:
Create a culture of risk awareness through organizing Cross Functional Risk Workshops, Trainings and communicating through emails. 10 batches have been conducted with 94 persons trained to be Risk Champions / Risk Owners.
- Monitoring and Reporting on Risk:
Includes tracking and reporting Key Risk and providing regular Reports to senior management and the Board Risk Committee; reports monthly Risk Registers and action points to all concerned stakeholders for their input and changes in the likelihood and impacts of Risks.
- Contract Register Risks & Issues Reporting
Developed comprehensive Contract Register Report based on the data collected from the departments stipulating risks and issues in the contracts entered by the Company and recommendations to mitigate such risks.