Rice’s Enterprise Risk Management (ERM) function operates through a clear and transparent reporting structure to ensure accountability and effective communication across all levels of the institution.

Under the direction of the Chief Compliance Officer, the Senior Director, Enterprise Risk Management and Compliance leads the ERM program. This includes collaborating with university leadership, key administrative and academic units, including Deans and Rice schools and centers, to identify and assess risks.

The President’s Executive Leadership Team provides oversight on the Top Enterprise Risk list, while the Office of Ethics, Compliance and Enterprise Risk provides regular updates to the Audit Committee of the Board of Trustees, keeping them informed of top enterprise risks and mitigation efforts and seeking their approval on the overall process.

This structured flow of information ensures that risks are identified and addressed at the appropriate level, while promoting a culture of transparency and shared responsibility.