#  Programs & Teams 

 



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## Who We Are

RMAS is an administrative department within the University’s [Financial Administration (FAD)](https://finance.harvard.edu/). The Assistant Vice President (AVP) of RMAS reports administratively to the Vice President for Finance and Chief Financial Officer (VPF) and has a functional reporting relationship to the Joint Committee on Inspection (JCI), the Executive Vice President, and the VPF. The JCI is the joint audit committee of the [University’s Governing Boards](https://www.harvard.edu/about/leadership-and-governance/).

## What We Do

RMAS is comprised of several teams that work to identify and protect the University from all kinds of risk:

**Construction Audit** provides University -wide support for the pricing and review of costs on capital projects (e.g., new buildings, renovations, deferred maintenance, etc.), consulting services on allowable costs under the contract terminology, and labor rates to include in Master Service Agreements.

The **Institutional Risk Management (IRM)** team leads the annual University-wide risk assessment process in which schools, central units, and University-level committees identify, assess, prioritize, and manage current and emerging risks to the University and its mission. The IRM team also manages Harvard’s Anonymous Reporting Hotline.

**Internal Audit** assures that University activities comply with laws and standards and helps optimize processes to meet changing requirements. It has two specialized teams: [Financial, Operational, and Compliance Audit (FOCA)](/financial-operational-and-compliance-audit "Financial, Operational, and Compliance Audit") and [Information Technology (IT) Audit](/information-technology-audit " Information Technology Audit").

The **Risk Strategy and Insurance (RSI)** team support the financial resilience of the University through the deployment of contemporary risk management strategies.