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Risk & Compliance Department
The Risk and Compliance Department was established in March of 2008 to enable the efficient and effective governance of significant risks and related opportunities to the organization and its departments. The Risk and Compliance Department assists the Municipality in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the integrity and effectiveness of the Municipality’s systems of risk management and control for governance, management and operational functions.The department includes three branches. Each branch, within its own area of expertise, supports the Municipality in balancing risks and reward.
Enterprise Risk Management Branch
Enterprise Risk Management (ERM) will enable our leadership to effectively deal with uncertainty and associated risk and opportunity, thereby enhancing the capacity of the corporation to build value.
The Municipality has adopted the “International Organization for Standardization” (ISO) Standard as its ERM framework. ISO31000 provides principles and generic guidelines on risk management and provides a universally recognized paradigm for practitioners and companies employing risk management processes.
Compliance & Control Branch
Compliance and Control is essentially the internal audit function of the Municipality. Internal auditing is defined by the Institute of Internal Auditors as “an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Contact the Compliance & Control Branch
Phone (780) 743-7814
E-mail complianceandcontrol@woodbuffalo.ab.ca
Phone (780) 743-7814
E-mail complianceandcontrol@woodbuffalo.ab.ca
Insurance Services Branch
Insurance Services is responsible for obtaining insurance products to adequately protect the assets of the Municipality, claims management which includes investigation of and responding to claims brought against the Municipality, and pursuing recovery for damages sustained to municipal assets.See Also:
Contact the Insurance Services Branch
Mail:
Insurance Services
9909 Franklin Avenue
Fort McMurray, AB
T9H 2K4
Phone: (780) 793-1145
Fax: (780) 788-4396
E-mail: insurance@woodbuffalo.ab.ca
