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Enterprise Risk Management
Enterprise Risk Management (ERM) | Enterprise Risk ManagementAbout Us

ABOUT US

MISSION

We provide insights and inform strategic planning to ensure enterprise resiliency; embrace opportunities and find solutions to manage key exposures; and serve as the control tower that supports a holistic, risk-aware culture rooted in compliance, ethics, safety, and accountability.

VISION

We will become a national model and develop a new industry standard for enterprise risk management through our unique approach and innovative thought leadership.

OUR GUIDING PRINCIPLES SOLIDIFY THE CULTURE AND SET EXPECTATIONS FOR OUR COMMUNITY:

  1. Our risk philosophy will guide strategic and operational decisions at all levels.

  2. Enterprise Risk Management is critical to the future of the University and is a shared responsibility.

  3. Our approach is systematic, structured, and rooted in data yet dynamic and responsive to change. 

  4. Ownership of risk should be maintained by the institutional unit that is best positioned to manage it.

  5. We support a proactive and honest discussion of the institution’s climate, strategy, and actions taken in pursuit of its goals. 

KEY VALUES

  • Proactive & Nimble -  We actively partner with the campus community to create flexible plans that enable excellence and ensure continuity.

  • Integrity & Accountability - We work ethically, objectively, and consistently with regulatory policies and established best practices.

  • Resourceful & Innovative  - We lead by example and deploy creative approaches to problem-solve and embrace challenges.

  • Service-Oriented & Collaborative - We operate with a unity of purpose and the mindset of serving our community’s needs; building teams, networks, and most importantly, trust while advancing risk awareness and education. 

RISK PHILOSOPHY

  • We view risk broadly as any event or opportunity that could affect the University’s ability to advance excellence and achieve our strategic goals.

  • We recognize that risk, in one form or another, is inherent in all of our endeavors and that successful risk-taking will often be necessary to achieve our aspirations.

  • We do not seek to eliminate all risk but instead aim to identify, assess, and respond to critical vulnerabilities while pursuing opportunities that will generate sustainable value for our future.

  • We are the risk champions and thought leaders; merging physical and digital risk management, safety and security, and campus services to minimize hazards, influence uncertainties, and manage opportunities while safeguarding Stony Brook’s missions of education, research, and healthcare.