Enterprise Risk Management

The following points are taken into consideration:

• The alignment between Strategic management and a clearly defined risk appetite
• How they identify and respond to the key risks that may affect their achievement of their strategic objectives
• How they consider risk to enhance strategic decisions
• How they monitor, manage and report on risks and changes to their risk profile
• The effectiveness of their risk culture
• The nature and effectiveness of different levels of assurance

We help put all levels of management in control. Recognizing their roles in managing risk, we use risk concepts to help them decide on new projects, initiatives and priorities. Services include:

• Facilitating risk workshops to identify key risks – judging their impact and likelihood. We then assist in articulating risk appetite and risk tolerance Enterprise Risk Management
• Independently reviewing risk frameworks, and providing input from shared good practice Enterprise Risk Management
• Advising on risk identification, monitoring and reporting
• Assurance mapping, to identify and evaluate different sources of assurance and the “three lines of defense”