Risk Management Services
We help organizations establish, improve, and optimize their enterprise risk management (ERM) programs. Our services can be tailored to the specific needs of your organization, taking into account industry, size, complexity, and risk appetite. The ultimate goal is to enable organizations to identify, understand, and manage risks effectively, avoid surprises, and achieve strategic objectives.
Enterprise Risk Management
Risk Management Framework Development
Establish an internal framework, policy and procedures, risk library, risk appetite and tolerance, governance structure, and reporting mechanisms.
Risk Assessment and Identification
Perform bottom-up and top-down risk assessments, interviews, workshops, and data analysis to understand and document your risk landscape.
Risk Mitigation Strategies
Design and implement risk mitigation strategies and controls to minimize the impact and likelihood of identified risks.
Compliance and Regulatory Support
Assess regulatory compliance gaps, and provide guidance on how to address and manage compliance risks effectively.
Performance Monitoring and Reporting
Establish key risk indicators (KRIs) and develop risk dashboards or reporting mechanisms to monitor the effectiveness of the risk program.
Training and Education
Develop and offer training and workshops to educate employees at all levels on risk awareness, risk management techniques, and best practices. Training & education helps foster a risk-conscious culture within your organization and empowers employees to identify and report potential risks proactively.
Third Party Risk Management
Risk Assessment
Assess the risks and vulnerabilities associated with third-party entities like vendors and contractors.
Due Diligence
Conduct comprehensive due diligence on third-party entities including but not limited to their security, reputation, reliability, performance history, legal and regulatory compliance, financial health, and adherence to industry standards.
Contract Review
Review and analyze contractual agreements between your organizations and your third-party entities to identify any potential risks and existing gaps.
Ongoing Monitoring & Audits
Establish a cadence for ongoing monitoring and conduct periodic audits of third-party entities.