Operative Preconditions Secured through Risk Management

Risk management is part of the profit planning and strategic and operative governance at the Finnish Centre for Pensions. It is part of our daily decision-making, monitoring of our operations and internal supervision.

The primary goal of our risk management is to identify and manage the risk factors that relate to our key operations so that we can reach our strategic and operative goals.

We govern our risk management with the help of regulations, instructions and recommendations. The key regulations that govern our risk management are the Act on the Finnish Centre for Pensions, the General Data Protection Regulation (GDPR) of the EU, the Data Protection Act, the Act on the Openness of Government Activities and the Act on the Protection of Privacy in Working Life.

The Finnish Centre for Pensions is also subject to the statutory preparedness obligation. According to the preparedness obligation, we must ensure that our tasks can be carried out as undisturbedly as possible by drafting continuity and emergency plans and by other ex ante measures.