Enterprise risk management

Risk management helps companies build resilience to it. Risk management enables companies to proactively identify and prioritise future threats, and apply risk management strategies.  Moreover, risk management helps businesses protect their value and meet stakeholders’ and regulators’ expectations.

Potential issues

• You need to integrate risk management systems and processes within your organisation
• You need to develop efficient measures to minimize risks to an acceptable level
• You need to develop efficient measures to document and monitor risk portfolio information, including regulary report risk to the board of directors, management board and the company’s executives
• You need to receive an appraisal and regularly updated information on the company’s current strategic, financial and operational risks and risk associated with complying with regulatory laws and standards

Services we offer

• Assess the maturity level of risk-centric corporate cultures
• Evaluate the current state of your risk management system according to accepted industry standards, including ISO 31000:2009, COSO:
• ERM 2004 and Federation of European Risk Management Associations (FERMA) standards
• Develop strategies for putting  RM systems in place and support for strategy implementation
• Assist in integrating risk management elements with strategic and financial planning, decision-making and business performance management  
• Draft corporate risk models based on quantitative analysis of identified risks
• Formulate approaches to identifying a company’s risk appetite and risk tolerance
• Conduct training sessions on risk management issues

Benefits for our clients

• Option of taking on only those risks that directly concern strategic company goals (risk appetite)
• A single standardised approach to managing key strategic, financial and operational risks
• Efficient capital allocation among business units and projects
• Perception of competence in risk management issues among regulators, rating agencies and other stakeholders