Create a Risk Management Plan
Define scope and objectives of risk management
Identify potential risks across operations
Engage stakeholders for risk input
Assess risk probability and impact
Develop risk mitigation strategies
Establish risk monitoring mechanisms
Assign roles and responsibilities
Document the risk management plan
Train staff on risk protocols
Develop a Compliance Program
Identify applicable laws and regulations
Assess organizational risks and needs
Define compliance policies and objectives
Establish roles and responsibilities
Develop training and education materials
Implement monitoring and auditing systems
Create reporting and whistleblower channels
Design enforcement and disciplinary procedures
Engage stakeholders and communicate policies