Risk and Compliance Manager

Risk Management Policy

Purpose
South East Leisure’s (SEL) Risk Management Policy has been developed to:

- Detail the roles, responsibilities and process in which SEL identifies, and manages risk throughout the organisation;
- Ensure a practical and consistent approach to risk management;
- Develop a culture of risk awareness that underpins good governance and decision making;
- Support the achievement of SEL’s mission, vision and strategic priorities

Commitment
SEL recognises that risk exists in all aspects of our operations and is committed to building and sustaining a robust risk management culture that aligns with our core values and supports the overall operations of the organisation.

Policy Application
This Risk Management Policy applies to all SEL staff, contractors, members and visitors attending SEL managed facilities. The policy extends to all current and future activities, and new opportunities.

Policy Principles
SEL Board and Management:

- recognises the need for risk management to feature as a consideration in strategic and operational planning, day-to-day management and decision making at all levels across the

Company.
- are committed to managing and minimising risk by identifying, analysing, evaluating and treating exposures that may impact on achieving our objectives and/or the continued efficiency and effectiveness of our operations.
- employ a practical, structured risk management framework and will ensure an effective and integrated risk management approach to the identification, analysis and management of both negative and positive impacts on SEL.
- recognise that a continual improvement focus will ensure that the risk management framework continues to evolve and adapt.
- will incorporate risk management into its planning and decision-making processes.
- will implement risk management according to relevant legislative requirements

Process
The following process supports SEL’s consideration of its strategic and operational risks in accordance with SEL’s Risk Management Framework (refer Appendix A):
Step Process
- Understand context

1. Leadership & Context **Set objectives**
- Define roles
- Confirm approach
- Establish risk appetite
- Build capability

2. *Implement and maintain a risk framework in accordance with ISO
Process & Systems 31000: _Risk management - Guidelines_*
- Management of high-risk work (i.e., hazardous substances, electrical work, working at heights, etc.)
- Change management
- Build a positive risk culture

3. Culture & Controls **Integrate controls into practices and decision making**
- Controls that treat both risk threats and opportunities
- Monitoring & review

4. *Consultation & communication
Assurance & Support*
- Verify, record & report
- Governance oversight

Leadership and Context

The safety and wellbeing of our people, our customers, contractors and the public is paramount.

Risk must first and foremost be managed at the corporate level as part of SEL’s good governance and corporate management processes. Risk management is considered an integral part of all management and decision-making functions within SEL.

The responsibility for the identification of risk and the implementation of control strategies and follow up remains a delegated line management responsibility. All stakeholders have a significant role in the identification, management and reporting of risk.

The SEL Board, assisted by the Audit and Risk Committee shall lead and embed a risk culture that continuously matures to enable risk management to be an integral core element of SEL’s processes.

Corporate and business risks within SEL will be assessed using a risk assessment framework and criteria consistent with _ISO 31000: Risk management - Guidelines_.

Specific venue and service delivery risks and opportunities are managed by the management team at each venue via their facility risk registers

Process and systems

**SEL aims** to:

- integrate risk management into SEL’s management culture; and
- foster an environment where our people assume responsibility for managing risks.

**SEL will**:

- establish and maintain an Audit and Risk Committee that will meet and report regularly in accordance with its charter;
- wherever practicable, include a risk assessment for all material business activities and venues; and ensure the incorporation of risk management into strategic and operational planning processes.
- communicate this policy and risk management processes to all staff through the appropriate channels and systems, with training provided to support effective risk management.
- provide the right resources, people competency and systems to support effective risk management.

**Risk management standards**

The Executive Team is responsible for formalising risk management and setting a clear level of transparency for risk management reporting to the Board.

To comply with this Risk Management Policy and risk management minimum requirements, the

Executive Team must:

- Devel