(a) The Mayor may appoint an officer to be known as the Chief Risk Officer, who shall serve at the pleasure of the Mayor.
(b) If appointed, the Chief Risk Officer shall have the following powers and duties:
(1) To develop and maintain a comprehensive risk management strategy for the City of Chicago to protect the assets, operations, and employees of the City, and to review such risk management strategy and make adjustments as necessary;
(2) To identify and evaluate potential areas of risk exposure for City departments, employees, contractors, and agents, and conduct risk management reviews which may include, but are not limited to, investigations, regular physical inspections of facilities, analyses of losses incurred, personal contact with governmental officers and employees, and review of data and records upon request;
(3) To assist all City departments and Sister Agencies in developing a management plan for identifying, achieving, and maintaining acceptable loss levels and for treating and financing exposure to such loss. Such plan may include recommendations for insurance coverage;
(4) To identify and recommend modifications to any City operation or facility that represents an actual or potential hazard to City employees or to the public, and to advise City departments in implementing such modifications;
(5) To engage with public and private agencies and organizations and conduct joint investigation into and research on methods for identifying areas of risk exposure, methods of risk avoidance and reduction, and methods for addressing exposure that cannot be avoided or reduced;
(6) To enter into grant agreements, cooperation agreements, and other agreements with governmental entities, civic and community groups, and other persons to effectuate the powers and duties of this section, and to enter into and execute all such other instruments and to perform any and all acts, including the allocation and expenditure of funds subject to appropriation therefor, as shall be necessary or advisable in connection with the implementation of such agreements, including any renewals thereto; and
(7) To perform such other duties related to risk management as may be required by the Mayor and to undertake any and all acts the Chief Risk Officer deems necessary to mitigate risk and advance the risk management goals of the City.
(c) The Commissioner of Fleet and Facility Management shall consult and work in coordination with the Chief Risk Officer to advance the goals of the City set forth in Section 2-51-050(a)(41).
(d) The Risk Manager and the Office of Risk Management shall consult and work in coordination with the Chief Risk Officer to advance the risk management goals of the City.
(e) All City departments and, to the extent permitted by law, Sister Agencies shall cooperate with the requests, recommendations, and directions of the Chief Risk Officer to advance their respective risk management goals.
(Added Coun. J. 11-26-19, p. 11390, Art. IV, § 1; Amend Coun. J. 11-15-23, p. 6542, Art. I, § 2)
Editor’s note – Coun. J. 11-16-11, p. 13798, Art. I, § 2, repealed former § 2-4-060, which pertained to contracts for release of claims.