RISK MANAGEMENT

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• RISK MANAGEMENT
• FRAMEWORK
• Presentation by
• Jozef Hupperetz

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History

• Abolition of 100 controls
• Increased volume of traffic
• Reduction of resources

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History

• EU Common approach
• individual systems
• structured lines of communication
• cover all relevant risks
• 15 customs administrations working as one

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Risk Management Framework
STRATEGY
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Risk Management Framework

• FIRST element
• ENVIRONMENT
• S takeholders
• T asks
• O bjectives
• P rocess

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Risk Management Framework

• FIRST element
• ENVIRONMENT
• RESULT
• Description of the relationship between the
  organisation and its environment

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Risk Management Framework
1. ENVIRONMENT
STRATEGY
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Risk Management Framework

• SECOND element
• RISKS ANALYSIS
• IDENTIFY RISKS
• How to handle the bulk of information
• Establish a list of risk sectors

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Risk Management Framework

• SECOND element
• RISKS ANALYSIS
• ANALYSE RISKS
• Establish the Likelihood and Consequence of risks

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Risk Management Framework

• SECOND element
• RISKS ANALYSIS
• WEIGHTING OF RISKS
• Compare data with pre-established criteria
• Ranking
• High
• Medium
• Low

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Risk Management Framework
WEIGHTING of RISKS
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Risk Management Framework
1. ENVIRONMENT
STRATEGY
2. RISK ANALYSIS
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Risk Management Framework

• THIRD element
• TREATMENT
• STRATEGICAL DECISIONS
• Change of legislation
• OPERATIONAL DECISIONS
• Targeted Controls
• Random Controls
• Audit
• Use of resources

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Risk Management Framework
1. ENVIRONMENT
STRATEGY
2. RISK ANALYSIS
3. TREATMENT
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Risk Management Framework

• FOURTH element
• MONITORING
• Evaluation of the risk management mechanism
• Performance, Effectiveness and Efficiency
• Measurement of results

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Risk Management Framework
1. ENVIRONMENT
STRATEGY
4. MONITORING
2. RISK ANALYSIS
3. TREATMENT
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Risk Management Framework
1. ENVIRONMENT
STRATEGY
4. MONITORING
2. RISK ANALYSIS
3. TREATMENT