Services · Foundational

Financial Risk Management Policy

FRM

Develops a financial risk management policy covering financial risk identification, ownership, mitigation, monitoring and reporting.

What changes

More standardized procedures, stronger internal controls, improved compliance and reduced risk of errors or fraud.

What you get

Approved Financial Risk Management Policy FRM001
Risk Appetite and Tolerance Statement with levels per risk category FRM002
Financial risk register and ownership matrix with mitigation plans FRM003

What has to come first

NAHNeeds Assessment Report - National Head Quarters or NABNeeds Assessment Report - Branch/District Recommended

Needs assessment findings on financial exposures and control gaps feed the risk assessment and ground the appetite discussion in evidence

Who is involved

From the National Society's side. This is what the engagement asks of your people.

Your own staff work alongside the adviser throughout, so this is a commitment of their time as well as the Centre's. Ask in the request and you are given the day estimate per role before anything is signed.

Role	What they do
HNS Secretary General	Approves the policy
HNS Board / Finance or Risk Committee	Adopts the risk appetite; oversight of tolerance breaches
HNS Finance Director	Owns the policy and the risk register
HNS finance team	Operates controls, reports risk data
Internal audit	Independent assurance on policy compliance
Compliance officer	Monitors regulatory and compliance risks
Program managers	Own program-level financial risks
GFDC delivery team	Drafts and advises

How it is measured

Indicator	Target	Evidence
Policy approved by HNS leadership and appetite statement adopted by the Board or its committee within target time of kick-off	14 weeks	Approval minutes; signed policy; adopted FRM002
Risk appetite and tolerance levels defined for all core risk categories	5 of 5 categories (liquidity, credit, fraud, FX, compliance)	Risk Appetite and Tolerance Statement (FRM002)
Every register risk has a named owner and a mitigation plan	100% of register entries	Financial risk register (FRM003)
Risk monitoring cycle operating after rollout	4 quarterly reviews held in the first year	Risk review minutes; updated register

Tools

3 of 3 ready to download.

FRM001 Financial Risk Management Policy Template DOCX
FRM002 Risk Appetite and Tolerance Statement Template DOCX
FRM003 Financial risk register and ownership matrix Template XLSX

Standards

COSO Internal Control - Integrated Framework
GFDC Operational Framework (intake, triage, service workflow)
HNS finance manual, accounting policies and close procedures
HNS Delegation of Authority (DoA) and governance ToRs
COSO Enterprise Risk Management (ERM) Framework
ISO 31000 - Risk Management Guidelines

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The form arrives with FRM filled in. You can change it, and you do not have to be sure.

Request FRM

Code: FRM
Tier: Foundational
Outcome area: 3 · Internal controls, policies, procedures and process effectiveness
Deliverables: 3
Tools: 3 of 3

Comes before

2 services name this one as a prerequisite.

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Start from the problem instead of the service code.

What do I need?

Describe the problem, not the service

You do not need to know which of the 124 to ask for.

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