The cornerstone of achieving transformation is to understand the ART of risk management. All the elements of your risk framework must come together like a unique jigsaw puzzle. If a piece is missing, or not quite right, it is very difficult to move from risk management to enterprise risk management.
Our Risk Transformation service examines these elements within your risk framework to identify and prioritise improvement opportunities. We provide a step-by-step approach to delivering the solutions to move your organisation to leading practice.
Taking the right amount of risk – not too much and not too little.
Understanding all the risks you face, and organising this understanding so that the right people pay attention to the right risks.
Having the right structure and mechanisms in place for decisions to be taken and implemented in line with the organisations risk appetite.
RISK ACCOUNTABILITIES AND THREE LINES OF DEFENCE
Having clear ownership and accountability at all levels in your organisation, and making sure the necessary checks and balances are in place.
Using the right techniques to make sure all your valuable risk management efforts are efficient and effective – avoiding risk management becoming an afterthought compliance exercise.
REPORTING & COMMUNICATION
Providing insights that make a difference – helping you to ‘see around corners’ and anticipate threats or opportunities in an intuitive way.
Ensuring risk management is valuable and valued within your organisation.
Building the necessary risk expertise in your risk team, risk owners, Board and senior management.
EFFICIENT AND EFFECTIVE CONTROL ENVIRONMENT
Having an effective internal control environment with the right monitoring in place, and an efficient use of technology and standardised control templates.