CHAPTER 28 - RISK MANAGEMENT FUNCTIONS OF CHIEF FINANCIAL OFFICER _ BUDGET\TREASURY OFFICE
39. Functions of the Chief Financial Officer with respect to risk management
(1) The Chief Financial Officer (CFO) has a duty to that the financial resources needed to manage the institutional risks are available, by:
a) Driving a risk-based budgeting system and ensuring that the budget process is aligned to risk management, and
b) Ensuring risk reporting in the budget reports.
(2) The CFO also needs to ensure that the critical risks within the financial environment are identified, assesses and managed; and should also champion risk management within the financial environment to deal with the institution’s financial risks.