Risk Management Framework

Risk Management Framework

AFSA's Risk Management Framework is designed to identify the risks to which AFSA is exposed and ensure that these risks are appropriately managed.

The risk management framework of AFSA is based on AFSA's Risk Management Policy, which:

● outlines high-level approach regarding the management of risks in AFSA;

● ensures that risks are managed in a coordinated, comprehensive and systematic manner in line with international standards;

● regulates all risk management initiatives and activities and sets out their alignment with the AFSA’s strategic and operational objectives to ensure that the risks threatening the achievement of these objectives are adequately and effectively managed at acceptable levels;

● specifies risk management governance structure, including, among the other things, the roles and responsibilities of all stakeholders, risk culture, and risk management processes of AFSA.

Summary of AFSA's Risk Management Framework is available here.