Consistent with traditional risk management frameworks throughout higher education, the shared governance structure for enterprise risk management will comprise two distinct committees, and various resiliency teams. The focus of the teams’ work varies from year to year as different issues arise, but the consistent task is to ensure that the policies, practices, and operations are aligned with the risk appetite and proactively managed.
The Senior Risk Advisory Council, chaired by the Vice President for ERM, will help
lead thinking about the costs and benefits of taking risks, and how the institution
manages risks through a strategic planning process and beyond. Risk is inherent in
every activity and through ERM, SBU has established a robust risk-aware mindset and
appropriate risk appetite by linking institutional governance, risk management, and
campus safety.
