Download presentation
Presentation is loading. Please wait.
Published byJoy Barker Modified over 9 years ago
1
Risk Management for In-House Lawyers Risk and Legal A relationship made in heaven Tony Brain Head of Risk - AustralianSuper
2
Topics Background General Counsel risk responsibilities How Risk can assist General Counsel How General Counsel can assist Risk General Counsel value add In summary
3
Background General Counsel Increased Complexity SPS 210 & 510 CPS 210 & 510
4
Risk Responsibilities Identification Assessment Mitigation Management of Risk Culture Legal and regulatory Risk FSB Guidance: Risk awareness Risk taking Risk management
5
How Risk can assist General Counsel Manage complexity Reference for decision making: – Understand Risk Framework – Understand Risk Profile – Understand Risk Appetite – Enhanced capacity for commerciality: Rewarded Risk Unrewarded Risk Promote “seat at the table”
6
How General Counsel can assist Risk Input to the Risk Profile Input to the Risk Appetite Inventory of legislative obligations (not only RSE/AFSL law) Promote the Risk Management Framework (RMF) Common language Understand Risk Culture Promote the 3 lines of defence Promote risk awareness in the context of the RMF
7
GC Value Add Understand the legal risks of strategic initiatives Educate regarding risk consequence Assess risks and hence prioritisation Operational Risk Reserve input re $ impacts Identification of emerging risks Promotion of a consistent tone Add to the enterprise-wide perspective Consideration as to how risks interact
8
In Summary Be risk aware Enhance identification of legal risks Enhance legal risk & monitoring Improve efficiency & effectiveness Contribution to the corporate culture
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.