The Office of Enterprise Risk Management is overseen by the Associate Vice President (AVP) of Risk Management, who is responsible for the program's operations and excellence. The AVP of Risk Management is responsible for communicating risk information to the Board of Trustees (BoT) and senior leadership including the President and Executive Vice President (EVP).
To further coordinate risk management activities across the university and manage enterprise risks, the Office of Enterprise Risk Management leads and manages the Executive Risk Committee (ERC). The ERC is comprised of executive-level university leaders and convenes to provide oversight, guidance, and coordination of university-wide efforts aimed at identifying and responding to risks that may both impact DePaul's mission and operations in either an adverse or positive manner. The ERC is chaired by the AVP of Risk Management.
The Office of Enterprise Risk Management also leads and manages a Risk Workgroup to aid in the development and management of risk response plans and other risk management initiatives that require specific subject-matter and departmental expertise. The Risk Workgroup is chaired by the Enterprise Risk Management Manager.
The AVP of Risk Management reports to the Executive Vice President (EVP) as well as the Board of Trustees Finance Committee. The EVP is responsible for:
- Review and approve the ERM program charter every three years
- Review the financial and human capital needs of the Enterprise Risk Management program with the AVP of Risk Management and allocate resources accordingly
- Support Enterprise Risk Management Program efforts by adhering to and promoting a culture of risk awareness and intelligence
The AVP of Risk Management, who adopts the roles and responsibilities of the CRO, CAE, and CCO, leads the Office of Enterprise Risk Management and oversees the office's execution of the responsibilities listed in the Accountability, Responsibility, and Services section below.