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Control Framework Checkpoint Progress Checkpoint 2: By end of Jan 2012 Allocate Project Owner Confirm Start Date Checkpoint 3: By end Q2/2012 Assess Risks Identify Controls and Gaps Checkpoint 4: By end Q2/2012 Evidence remediation plan Checkpoint 5: By end Q2/2012 Agree assurance to be shared
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29th MayAgenda
• 9.15 Arrival – Tea/Coffee served• 9.30 Breakfast served• 9.45 The importance of the Framework within the world of Service
Companies • 10.15 Q&A • 10.30 Networking• 11.00 Close
Control Framework
Control Framework Breakfast Group
Understandproject rationale
Understand data standards& control
framework
Assess risks Identify controls & gaps Agree assurance approach with Lloyd’s
Review & monitor
2011
Develop / Implement controls
Design & plan implementation
Activities
Outputs
Lloyd’s meet with managing agents to explain what is required of the managing agents
Analyse and assess where each managingagent wants to be by 2012
Each managing agent:
has identified a framework ownerhas set up a Governance Group with roles and responsibilities assignedhas a project team to see the implementationthroughhas carried out a high level impact analysis
Complete the Risk Assessment Document key controls Produce remediation plan to address any gaps Confirm evidence required for effective controls Determine the extent of sharing assurance with Lloyd’s Assess impact from changes Plan the implementation & change management
Risk assessment and control matrix Design adequacy assessment Evidence retention plan Content agreed on the evidence based assurance Detailed impact analysis Implementation plan, including change management
Controls and procedures in operation Training sessions Stakeholder communication sessions Confirm test plan for controls Confirm audit check list
Operations procedure manualTraining materialStakeholder communicationpackAudit check list
Test controls On-going feedback & monitor
Design effectiveness report Operational effectiveness report Report review
Q3 Q4Q2
Activities Activities Activities
Outputs Outputs Outputs
Q3 Q4Q2Q1
2012Q2Q1
2013
Control Framework
Checkpoint ProgressCheckpoint 2: By end of Jan 2012 • Allocate Project Owner• Confirm Start Date
Checkpoint 3: By end Q2/2012• Assess Risks• Identify Controls and Gaps
Checkpoint 4: By end Q2/2012• Evidence remediation plan
Checkpoint 5: By end Q2/2012• Agree assurance to be shared
Control Framework
Questions?
