About the Service
Enterprise Risk Management
At our company, we take a comprehensive approach to enterprise risk management (ERM), which includes developing a risk management strategy and conducting a risk maturity analysis. Our ERM services can help organisations with overall risk management or specific risk management activities.
Comprehensive Risk Management Activities
Our ERM services cover a broad range of risk management activities, including:
- Risk management strategy and framework development, which involves developing a risk matrix and setting risk tolerance levels.
- Risk assessment process, including risk workshops, to identify and prioritise risks.
- Risk register development to document identified risks.
- Risk response plan to mitigate and manage identified risks.
- Risk monitoring and assessment of emerging risks to ensure proactive risk management.
- Risk maturity analysis to assess the level of risk management maturity in the organization.
Governance and Compliance
We understand that governance and compliance play a crucial role in effective risk management. Our ERM solutions often include governance and compliance reviews, identifying gaps in compliance and governance, and developing solutions to address these gaps.
COSO Framework for Risk Management
Our ERM services use the COSO framework for risk management. COSO’s ERM framework involves integrating risk management with an organization’s strategy and performance. The framework defines risk as “the possibility that events will occur and affect the achievement of strategy and business objectives,” encompassing both negative and positive impacts.
Key Risk Categories
Our ERM services cover five key risk categories, including:
- Strategic risks: Risks that impact the organisation's strategic objectives and ability to achieve them.
- Information technology risks: Risks related to the organisation's use of technology and digital assets.
- Operational risks: Risks related to the organisation's day-to-day operations, processes, and procedures.
- Financial risks: Risks related to the organisation's financial performance, such as credit, liquidity, and market risks.
- Compliance risks: Risks related to the organisation's compliance with laws, regulations, and internal policies.
Our ERM services take a comprehensive approach to help organisations identify, assess, and manage risks effectively.
