Risk and Compliance in the Housing Sector

Course at a glance

  • 30-60 mins
  • English

About the course

Risk management, and specifically risk management in social housing, was traditionally an area of concern for the financial director alone.

But with three high-profile failures recently reported by the Homes and Communities Agency, good risk management is more important than ever, and needs to become central to everything we do as social housing providers.

When we talk about risk, our brains tend to think of extreme risks like terrorism, violent weather or the global financial crisis.

So it can be tricky to think of risk having an upside. But risk management is increasingly recognised as being concerned with both positive and negative aspects of risk.

The aim of this course is to help you understand the fundamentals of risk management linked to social housing.

Don't worry, we're not going to turn you into some kind of daredevil risk taker. But we do hope to challenge your understanding of risk.

We'll also explain how your organisation is managing risk – and most importantly, what you can do to help.

Key Insights

  • The challenges we face - The social housing provider operating environment has never been more testing.
  • Defining risk - A broad definition of risk, is one offered in the international guide to risk-related definitions. It defines risk as the 'effect of uncertainty on objectives'. And notes that an effect may be positive, negative or a deviation from the expected
  • Types of risk - All risk has its own characteristics, so there is no one-size-fits-all approach. Organisations have different ways to manage and analyse the risks they face.
  • The risks you face- There are lots of different types of risk that you might face in your day-to-day activities as a social housing employee. Sadly, there’s no definitive list, as social housing providers vary in size, scope and complexity.
  • Real people - real consequences - On February 4th, 2011 a fire was deliberately started on the 16th floor at Marine Tower Block in Deptford. More than 100 firefighters were sent to tackle the blaze, but tragically two women from a neighbouring flat could not be saved, and were pronounced dead at the scene.
  • The hierarchy of risk- The best way to deploy risk resources is to take a top down view and slice the organisation hierarchically.
  • Risk treatments - Once risks have been identified and assessed, all techniques to manage the risk fall into one or more of these four major categories; Avoidance; Reduction; Sharing; Retention.
  • Roles, responsibilities and reporting lines - Understand the aims and benefits of effective risk management, as well as the specific objectives for risk management in social housing.
  • Risk framework - Social housing providers must operate a framework that identifies and manages risk – this is a regulatory requirement.
  • The upside of risk - Intelligent risk taking helps mountaineers achieve amazing things, and it can help social housing providers to achieve goals too.
  • Risk management policy - Every organisation, large or small should have a risk management policy.

Who is it For?

This course is for anyone who works in social housing and wants to understand more about what risk is and how it’s managed.

Course Format

Learn at your own pace during this exciting animated explainer course. The interactive course allows you to navigate the different sections, which include animated explainer videos and quiz sections to test your knowledge.