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Business Risk Services

Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in a strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.

For risk management to generate improvements in shareholder value, the risk management ethos needs to be fully embedded within an organization’s people and culture, business processes and technology.

Ernst & Young can help you achieve this by working with your organization to design and implement an appropriate enterprise risk management (ERM) framework which builds a sustainable, long-term risk-management capability for your organization.

In developing an ERM framework, we work with you to set seven essential attributes of ERM:

  • Establish goals, objectives and oversight
  • Assess business risk
  • Develop risk management strategies
  • Design and implement risk management capabilities
  • Monitor performance
  • Continuously improve risk management capabilities
  • Support the process with information for decision making

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