Partners

The Office of the General Counsel’s (OGC) mission is “to educate as to the laws, policies and procedures applicable to MIT's activities, to prevent legal problems and solve those that occur, to facilitate transactions, and to provide independent, timely and thoughtful advice and representation, to help MIT's faculty, administration, staff, and students fulfill their goals in teaching, research, and service.” Risk Management & Compliance Services, principally through the Institute Compliance Officer, partners with the OGC and others throughout the Institute with compliance responsibilities to promote good practices and provide education and support. The Offices also share knowledge, expertise and perspectives to provide advice and support throughout the Institute on wide-ranging matters of legal and regulatory risk.

The Office of Insurance’s mission is “to protect the Institute, and its community members against risk of financial loss to property & casualty related occurrences.” The Office strives to raise awareness of proper risk assessment, loss mitigation and contractual risk transfer; it is a key component in the Institute’s overall risk management system. Risk Management & Compliance Services partners with the Office of Insurance by coordinating approaches to existing and emerging risks where risk transfer and risk financing can effectively mitigate or reduce loss.

The Audit Division's role it is to independently evaluate MIT’s academic, research, and administrative processes and support the Institute’s efforts to follow good practices, take informed risks, and keep assets safe. The Audit Division engages in two primary outward facing activities – assurance (audits) and advisory services. They report to the MIT Corporation’s Risk and Audit Committee and work with administrative leadership on campus and at Lincoln Laboratory. The Audit Division shares a risk language with Risk Management & Compliance Services as both have interest in Institute risks; however, they have very distinct roles as the Audit Division provides independent assurance over the Institute processes, and Risk Management & Compliance Services provides senior leadership with an Institute-wide view of MIT’s top risks and assists the MIT community in incorporating risk management into their Institute activities. Both offices work in concert to advance risk and compliance awareness and decision-making throughout MIT.