It is the responsibility of the Edmonton Police Commission to ensure that all significant risks facing the Edmonton Police Service are effectively managed. Risk refers to those conditions, events and developments that may affect the Service’s ability to achieve its goals. In conjunction with the Chief of Police, the Commission will regularly assess strategic risks, prioritize them and incorporate necessary mitigation strategies into its long-term planning, its overall assessment of the evaluation of the Chief, and its overall interaction with the community and the Council in terms of funding.
In order to successfully integrate risk management into policies, strategic planning and oversight of the performance of the Edmonton Police Service, the Commission will:
- Adopt a standard diagnostic tool for identifying and assessing strategic risks.
- Engage in an annual review of risk management using this tool, based on a scan of community issues that can involve:
a) advice from the Chief;
b) input from municipal and regional officials;
c) public input through open meetings or focus groups; and,
d) Commission meetings.
- Annually prepare a general statement on strategic risks facing the Service and how they are to be addressed in planning, resourcing, auditing, performance tracking and policy. This statement will be incorporated into the Strategic Plan of the Service.
- Annually review the Service’s risk profile and ensure that mitigation strategies are in place. The Service will provide the Commission with regular performance reports of the identified risk mitigation strategies. These reports should verify that the assessments remain at the level identified, raising and lowering the residual risks as deemed necessary.
- Require the Chief to provide an audit plan that assesses those risks within the organization whose priority merits an audit review.
- Review any policies for which significant risks have been identified.
- Review the processes in place to communicate a consistent message on risk management and associated expectations across the Service.
- Review, subsequent to the approval of strategic plans for the Police Service, those performance measures and indicators that will monitor high risk areas.
- Ensure that the performance evaluations objectives of the Chief address high risk areas identified in the exercise that are part of the Chief’s responsibility.
- Require the Chief to provide briefings on events and trends that impact strategic plans, priority business risks, or the continued validity of underlying assumptions. The briefings should include the results of sensitivity analysis that show the range of probable financial and other outcomes. This will allow the Commission to exercise oversight over the adjustment of plans to take advantage of new or changed opportunities and risks.
Definition – Risk management is the process used to identify, assess, manage and control potential events or situations and to provide reasonable assurance regarding the achievement of the organization’s objectives. Risk in this policy refers to all those social, economic, organizational and human elements both within the Service and the community it serves that would affect the achievement of the Service’s approved mission, goals, objectives and activities.
1. Appendix E – Risk Management and Audit.
September 17, 2015
November 30, 2007