Advisory Services

Risk management system:
how much added value would you like?

Many companies do not exploit the full value of their investment in risk management because:

• their risk management meets current compliance requirements, but only plays a marginal role in decision-making and corporate management.
• their risk processes, risk structures and risk functions do not act in concert and so do not exchange critical data and information, or processes and information flows are redundant.

In the area of RISK, we deal with organizational and strategic frameworks for all a company's risk functions – Risk Management, Internal Control System, Internal Audit and Compliance (including the so-called risk management system). We also help define and develop the relevant processes and methods for individual risk functions - from design through to implementation. In doing so, we concentrate on the interplay of the four risk functions and above all on the quantification and aggregation of risks as well as their integration into corporate management.

We assist you in the simultaneous optimization of three dimensions:

• Risk - degree of overall risk
• Costs - scale of costs
• Value - contribution to corporate value.

Risk management trends

• Increasing quantification of risks (aggregation) and integration of risk management in corporate management
• Reduction of cost of control (without increasing overall risk) by raising the potential efficiency, primarily for the Internal Control System, and collaboration of all risk functions
• Releasing Internal Audit from its role as the "corporate police" and developing it into a value-generating business partner.

Our risk services
 

Internal Audit

Objective and independent internal audit of processes and controls as well as revision of special topics. Focus on compliance and efficiency. Co-sourcing and partnering concepts.

Enterprise risk management

Design, optimization and supervision of internal controls and the subordinate business processes. Analysis and optimization of the cost of control. Risk convergence concepts (cooperation of risk functions).

Internal process controls

Objective and independent internal audit of processes and controls as well as revision of special topics. Focus on compliance and efficiency. Co-sourcing and partnering concepts.

Regulatory compliance

Assessment of the impact of regulatory requirements and the impact of non-compliance. Deriving pragmatic alternative courses of action for value-generating changes in the business strategy.

Energy trading risk management

Risk advisory for trading platforms in the energy industry in all areas of trading activities. Expertise in market analyses and quantitative methodologies for risk measurement. Optimization of internal controls for trading processes.

Data analytics & modelling

Quantitative modelling and simulation of risk-related issues to determine their possible future impact on the company.

Public risk services

Assessment of public development programs, increasing process efficiency and effectiveness.

Internal Audit

Objective and independent internal audit of processes and controls as well as revision of special topics. Focus on compliance and efficiency. Co-sourcing and partnering concepts.

Contract risk services

Economic and operational contract analyses for the best possible exploitation of contractual potential as well as the quantification of "contract leakage." Contract management and contract-related compliance.

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Credit & counterparty risk

Identification and measurement of credit/counterparty risks for all asset classes in the form of expected and unexpected loss. Validation and optimization of credit-risk methods and processes.

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We use a holistic advisory approach. When necessary, we rely on our risk expertise with expertise in the areas of:

• Stakeholder und Change Management as well as Project Management Office
• IT Advisory
• Program Management
• Performance Management
• Forensic Investigations & Dispute Services
• HR Advisory