Enterprise Risk Management

Enterprise Risk Management

Enterprise Risk Management

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Too often risk is an afterthought to strategy setting and risk management is an appendage to performance management. Recent events have reminded management and directors that a comprehensive view of their risks is no longer a luxury, but a requirement, so that they can provide the appropriate incentives and controls to counter the potential for individuals to discount risks that are significant to their organisations.

 

Protiviti’s Enterprise Risk Management (ERM) professionals partner with management to ensure that risk is appropriately considered in the strategy-setting process and is integrated with performance management. We work with companies to design, implement and maintain effective capabilities to manage their most critical risks and address cultural and other organisational issues that can compromise those capabilities. We help them evaluate technology solutions for reliable monitoring and reporting, and implement new processes successfully over time.

Our services include:

Risk Governance Advisory Services

Strong risk governance is essential to effectively managing risks and reducing the costs associated with today’s challenging environment. Protiviti’s professionals can assist with advising and designing policies and procedures to be used in risk-based decision making and reduce your organization’s overall exposure to risk.

Risk Appetite Framework Design & Implementation

Protiviti will help you to identify the risks that most significantly impact the execution of your strategy, goals, and objectives and will partner with your teams to design and implement a framework for managing these risks at tolerable levels.

Enterprise Risk Reporting Enhancement

Protiviti’s conversations with Board Members and Executives have found that organizations continue to struggle with improving risk reporting. Protiviti can deliver a customizable solution to interpret and synthesize risk across an institution’s functional areas, or can be used to aggregate risk across the enterprise.

Risk Management Process Design and Implementation

We believe risk capabilities must be agile, flexible and nimble in order to be effective and efficient in responding to the changing environment. A better model is technology enabled, proactive, aligned across all three lines of defense and embedded into business processes. Protiviti refers to this solution as Agile Risk Management.