Background
Risk Management is fundamental to good governance and needs to be reflected in the behaviors and culture of the Rwanda Public Service. Good risk management supports the better delivery of government services through more effective decision-making, greater preparedness for unexpected events and supports innovation.
Why It Matters
The National Risk Management Function assists the Minister in preparing for, respond to, and recover from risks across Public Sector Entities in a coordinated way. It helps eliminating operational silos, standardizing data and risk profiling, driving proactive resource optimization, ensuring compliance and protecting reputation of Public Sector Entities.
Objective & Mandate
To assist the Minister in overseeing all aspects of risk management within Public Sector Entities.
To establish a powerful national risk management framework within Public Sector by fostering a strong risk culture and ensuring regulatory compliance.
Responsibilities
Developing and implementing risk management tools and methodologies;
Providing technical support to Public Sector Entities for implementation of risk management;
Developing and maintaining a National Risk Management Knowledge Centre and associated risk management database that will serve as a knowledge centre for risk management;
Developing capacity building programs in risk management for risk champions, risk owners, risk management coordinators, Risk management committee members, audit committee members, internal auditors, staff and other relevant stakeholders across Public Sector entities;
Developing and implementing an appropriate risk management information system to promote a centralized approach and timely monitoring and reporting of risks across public entities;
Prepare and submit to the Minister, on a quarterly basis, a consolidated risk report from all Public Sector Entities.
MINECOFIN_Risk_Management_Policy