Author(s)

Sutoyo  , Agus Santosa, Gita Astyka Rahmanda, Muhammad Aziz Eko

Internal Monitoring Unit, Universitas Pembangunan Nasional Veteran Yogyakarta, Yogyakarta, Indonesia.

This research would discuss as well as showcase a design of a risk management system that are applicable to State University Public Service Agency (SU PSA or PTN BLU) (Perguruan Tinggi Negeri Badan Layanan Umum/PTN BLU) with a case study at the Universitas Pembangunan Nasional Veteran Yogyakarta (UPNYK). This study would utilize a descriptive qualitative method alongside a case study at UPNYK. With using interviews and documentation as the data collection method, the research that would interpret and analyze a more appropriate design of risk management system that should be implemented by UPNYK. Data was analyzed with a method of: data collection, data reduction, data presentation, and conclusion verification. The study reveals that risk management at UPNYK was found operational, although it has yet to be delivered in a comprehensive and methodical manner. Therefore, UPNYK needs to establish a sound and comprehensive risk management system which encompasses its organizational elements, functions, and methods. One of the implementation of risk management would be using a control model of three level stratification, in which Audit Committee (AC or KA) would be responsible for the policy level, a Chancellor with assistance from the Internal Monitoring Unit (Satuan Pengawas Intern/SPI) that would coordinate the operational level, and the Quality Assurance Committee (QAC or KJM) functions as the organizer for the work unit’s efforts. Using this system, the Audit Committee would be in charge on supervising the implementation of the system. The process would be done in accordance with the Australian New Zealand International Standard (AS/NZS ISO) 31,000:2009 standards which consist of the process of establishing context, risk identification, risk analysis, risk evaluation, risk handling, review, communication, and consultation. Risk management processes will be compiled with respect to the UPNYK’s objective period which may consist of a five and one year period as well a specific time period.

SU PSA, Risk, Risk Management, Risk Management Process, Risk Management Structure, Risk Management Procedures

Sutoyo, Santosa, A. , Astyka Rahmanda, G. and Eko, M. (2024) Decision Support System in Determination Risk Management System Model in State Universities Public Service Agency —Case Study at the Universitas Pembangunan Nasional Veteran Yogyakarta. Journal of Financial Risk Management, 13, 130-148. doi: 10.4236/jfrm.2024.131006.