Enterprise Wide Risk Management

As a fully integrated risk practice, we have the size and capability to address all risk issues and deliver end-to-end solutions

Enterprise-Wide Risk Management is the overall management of risk that an organisation takes and holds to achieve its strategic aims. It is the sum of the various risks the organisation takes in the various categories and focuses on optimising the balance and interaction of the different types of risks.

Enterprise Risk Management Value

• Effective and efficient structures to govern and oversee the organisation and achieve the strategy creating synergies between different risk management activities.
• Increased risk awareness which facilitates better operational and strategic decision-making.
• Ensuring that risk-taking decisions across the organisation are within and aligned to the nature and level of risk that stakeholders in the organisation are willing to take.
• More informed/risk-based decision-making.

Enterprise Risk Management: Core Services

Enhanced Risk Strategies and Frameworks

Create the right risk strategies to achieve the enterprises strategic aims and implements the optimum frameworks to ensure risk is appropriately managed.

Work Undertaken

• Development of the Enterprise – Wide Strategies
• Assessment, design and implementation of Enterprise-Wide Risk Frameworks
• Assessment, design and implementation Enterprise Risk profiles and assessment methodologies
• Assessment, design and implementation of Enterprise-Wide Risk Appetite statements
• Assessment, design and implementation of Governance Frameworks
• Assessment, design – implementation of monitoring and reporting processes.

Example

Strategic risk assessment as part of an implementation plan for a major public transport company's risk management framework in line with ISO 31000.

Enhanced Risk Performance

Putting words into action – delivering risk performance within agreed tolerances at the sharp end – day after day.

Work Undertaken

• Enterprise-Wide Risk Analytics
• Economic Stress Testing and other ERM related stress risks
• Risk Culture Assessment and Improvement
• Portfolio Optimisation
• Mergers – Acquisitions Assistance
• Risk Management Software Systems – ERM Systems
• Revenue integrity reviews
• Variance analysis, designing and implementing remedial actions.

Example

Provided scoping assistance during an Enterprise and Financial risk re-engineering for a major international automotive manufacturer.

Enhanced Risk Management Functions  Capabilities

Create the optimum organisational solutions and equips the enterprise with the right skills and capabilities to manage risk to achieve strategic aims.

Work Undertaken

• Assessment, design and implementation of Risk Management Functions
• Interim management solutions: CROs and other risk professionals operating at the Enterprise-Wide risk level
• Enterprise Risk Management Training.

Example

Supplied Partner as interim CRO for the wealth business of a 'Big 4' bank – led organisational change together with day-to-day management.