At the senior management team level we now pass an important litmus test in that every member, whilst often focusing on their own specialist departmental level activities, can articulate in detail the current enterprise risk profile across the institution and the main issues associated with each major project initiative that is linked to a strategic priority.
Effective engagement requires ERM to connect to the day-to-day activities occurring across an institution. This provides the spark that gives substance to risk discussions, and promotes two-way conversation around how risks are being seen, managed, and where necessary treated.