Development of Risk Control Self Assessment process for Green Climate Fund

• Risk Management Framework (RMF) including a Risk Appetite Statement, Revised Risk Register, Risk Dashboard and Risk Guidelines for Funding Proposals.
• Other RMF components including the Investment Risk policy, Non-financial Risk policy and Funding Risk policy.

The purpose of the Risk Control Self-Assessment (RCSA) is to identify, assess and mitigate the Operational Process Error Risk and IT Risk described in the Non-financial Risk policy, through the development and continuous evolution of appropriate controls. Each Risk Control Self-Assessment (RCSA) is expected to be conducted by the “Risk Owner” for the respective process, or IT Risk, in collaboration with the Office of Risk Management and Compliance (ORMC)