Enterprise Risk Management
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. The risks faced by organisations are expanding with areas such as cyber-security, regulatory change, geo-political change and supply-chain pressures recent examples of emerging threats.
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 both performance management and operational activities. 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. Our teams help design and enhance reporting capabilities such that senior management, oversight committees and non-executives can appropriately understand the risk profile of the organisations and ensure measured responses and controls are in place to respond to the risks. We help them evaluate technology solutions for reliable monitoring and reporting, and implement new processes successfully over time.
Our services include: