The management of risk requires the enterprise wide application of risk frameworks and policies, the implementation of risk-based decision making practices, and a culture of compliance and ongoing critical review.
A documented Risk Framework provides a structure for embedding risk awareness into decision making. Risk Policies ensure clarity in requirements, responsibilities, delegations and limits.
We can assist your organisation with:
- Reviews of current risk management policies and practices
- Assessments of enterprise risks
- Construction of a view of the enterprise Risk Appetite
- Development of a Risk Framework to be used across the enterprise
- Preparation of Risk Policies for the enterprise, for risk areas and for business unit operations
- Alignment of price signals across business units with risk management positions
- Development of risk monitoring and reporting methods
- Support for Internal Audit
- Training of staff in risk management and in the implementation of risk-based decision making