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Risk Management Consulting

Respond with Agility to safeguard performance and foster growth

Reach out for expert risk advisory services in Australia

Protiviti’s risk management services help organisations assess risk and develop tech-enabled solutions to manage risk and compliance in an agile manner and minimise potential losses.

We bring leading insights and innovative capabilities to help you effectively manage risks and  meet future challenges.

Our team of former industry executives, regulators, risk management and analytics experts help you plan and execute data-driven solutions to protect your business and encourage growth.

Reach out for expert risk advisory services in Australia
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December 11, 2025
9 min read

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Risk management consulting services

Enterprise risk management

Provide your directors with a risk-informed approach to ERM tailored to fit your organisation’s maturity, risk culture, and risk management needs and expectations to drive better business performance. Organisations demand value beyond “enterprise risk listing” activities and ERM programmes that lose momentum.

 

Operational resilience

Improve resilience through a robust testing programme, building on existing business continuity management activities, IT disaster recovery, and cybersecurity incident response. We bring knowledge across the four domain areas of operational resilience: business, technology, cyber, and third-party.

 

Operational risk management

Build an effective operational risk management programme to reap both immediate and long-term benefits. It isn’t enough to be focused merely on understanding the status and limiting known risks; operational risk management objectives must evolve as business drivers change.

 

Credit risk management

Build an effective credit risk management system that enables you to identify, measure, and manage risks in accordance with your organisation’s risk appetite prior to loss events occurring. Our solutions are designed to reduce operational costs, improve the efficiency and quality of credit risk decisions, and enhance your client experiences.

 

Risk transformation

We work with your organisation to design, execute, embed, and sustain risk transformation initiatives. Worthwhile risk transformation does more than reduce the risk of non-compliance and regulatory penalties. It creates real business value by reducing operational costs and improving the efficiency and quality of risk decisions. At Protiviti, we use technology, innovation, data, and analytics to transform the field of risk management.

 

Third-party risk management (TPRM)

One-stop solution for financial, information technology, compliance, and operational due diligence. We integrate procurement and Third-Party Risk Management (TPRM) to enhance your visibility, efficiency, risk, and cost management.

 

Risk and compliance analytics

We enable clients across industries to extract insight and translate it into prudent risk detection. We empower intelligent decision-making and help you immunise against current and emerging threat vectors, all while navigating through a complex regulatory and business environment.

 
We can help you excel in the future

Our approach to risk management

Regulatory compliance and risk management run through the core of Protiviti’s mission and solutions. Since our inception, we have partnered with leaders from nearly all top global banks across a wide variety of risk and regulatory matters.

Our risk management experts partner with you to provide insight and strategic vision through a unique blend of industry expertise, integrated teams, and innovative solutions to help your organisation decrease risk and increase compliance.

We can help you excel in the future

Risk management and regulatory compliance go hand-in-hand. Find out more about Protiviti's regulatory compliance services.

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Leadership

Mark Burgess
Mark is a managing director and Protiviti Australia's risk and compliance solution lead. With over 17 years of risk and regulatory compliance experience in the financial services industry, he has a proven track record delivering deep insights for his clients.Mark has ...
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Matthew Pirera
Matt is a managing director in Protiviti Australia’s risk and compliance team and is responsible for leading the delivery of best practice solutions across Protiviti’s key clients. Matt is the national financial services industry lead, also leading the Protiviti ...
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Rich Turley
Rich is a Sydney-based managing director at Protiviti Australia, where he helps organisations enhance business value through technology-enabled risk and assurance solutions. He leads internal audit and risk advisory services for ASX-listed companies and major Australian ...
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Jane Tumurbaatar
Jane is a Director at Protiviti with over 11 years’ experience in professional services. She has broad expertise across first, second and third lines of defence of risk management in financial services, government, and corporate organisations. Her experience extends to ...
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Ruby Chen
Ruby is a risk and compliance advisor with over 15 years’ experience delivering transformational change across the financial services, government and technology sectors. She has led programs across all three lines of defence, covering the design, development and ...
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Rita Gatt
As managing director, technology and cybersecurity at Protiviti, Rita leads a dedicated team focused on solving complex organisational challenges, with a particular emphasis on leveraging data, AI and technology to do so. With over 20 years of experience navigating ...
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In a fast-moving, volatile environment, change is constant—but so are the risks. This video explores how to proactively manage risks during transformation by understanding your risk landscape, building strong controls, and continuously adapting your risk and control processes to keep pace with change.

Frequently Asked Questions

What is risk management consulting and what does a risk management consultant do?

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Risk management consulting helps organisations identify, assess, monitor, and mitigate risks that may impact business performance, regulatory compliance, operations, reputation, or financial stability.

In Australia, risk management consulting often includes establishing enterprise risk management (ERM) frameworks, strengthening governance, and aligning with evolving regulatory expectations.

A risk management consultant helps organisations design and implement risk management frameworks, improve operational resilience, and deliver risk advisory services across areas such as enterprise risk, technology, cyber, and operational risk.

How can risk management improve business performance?

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Risk management improves business performance by helping organisations make informed decisions, reduce disruptions, improve operational efficiency, strengthen compliance, and protect enterprise value.  

By proactively identifying risks and opportunities, organisations can respond more quickly to change, improve stakeholder confidence, and support long-term growth.

How do I know if my organisation needs risk management consulting?

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Organisations in Australia may benefit from risk management consulting if they face growing regulatory requirements, operational disruptions, cyber or technology risks, third-party dependencies, audit findings, or challenges managing enterprise-wide risk.  

Consulting support helps strengthen risk frameworks, improve governance and controls, enhance resilience, and align risk management with business objectives.

How does risk management support regulatory compliance?

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Risk management plays a critical role in supporting regulatory compliance by helping organisations identify compliance gaps, strengthen controls, and improve reporting.

In Australia, this includes aligning with regulatory expectations from bodies such as APRA and ASIC, and frameworks such as CPS 230 and CPS 234.

A strong risk management framework reduces compliance risk, enhances transparency, and enables organisations to respond more effectively to evolving regulatory requirements and emerging risks.

What are the key components of a risk management framework?

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A risk management framework provides the structure and processes needed to manage risk effectively across an organisation. Key components typically include:

  • Risk identification and assessment – identifying potential risks and evaluating their likelihood and impact
  • Risk controls and mitigation – implementing measures to reduce or manage risks
  • Monitoring and reporting – tracking risks and providing visibility to leadership
  • Governance and accountability – defining roles, responsibilities, and oversight structures
  • In practice, organisations in Australia often align their frameworks with regulatory expectations and recognised standards to support strong governance, risk and compliance (GRC) outcomes and improve operational resilience.

How can Protiviti help with risk management in Australia?

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Protiviti Australia provides end-to-end risk management consulting and risk advisory services, helping organisations strengthen governance, improve decision-making, and manage enterprise-wide risk.

We support organisations in designing and implementing enterprise risk management (ERM) frameworks, enhancing risk and compliance programs, and addressing key risk areas such as operational risk, cyber risk, and third-party risk.

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