Risk
Good risk management doesn’t slow an organisation down – it helps it go faster. Effective risk management not only protects existing value, but also results in better and faster decision making, reduced costs, and improved performance. Many organisations, however, are not getting full value from their investments in risk management because their risk processes are disconnected and critical data and information are not shared.
Moreover, as global risks continue to shift at a dramatic pace, organisations must continuously evaluate their risk management processes to ensure that they are focused on the risks that matter.
Organisations need to understand and manage the risks that threaten their strategic objectives and be poised to capitalize on opportunities that will bring growth and efficiency.
Most organisations will be asked to do more with the same resources. The pressure is on, not only to improve risk coverage, but also to decrease costs and improve performance. We start by helping organisations answer some key questions, such as:
- What are your key risks and how they are being managed?
- Do you have overlapping risk functions or gaps in coverage?
- Have we optimised the use of technology?
Effective risk management not only provides better protection for your business, but also improves business performance and decision making and, ultimately, competitive advantage.
Our services include:
Risk investment levels linked to financial performance
Our report 'Turning risks into results' shows an organisation's level of risk investment can affect its financial performance.
How aligning risk functions can pay dividends?
Integration and alignment of all risk functions into one centrally steered operation is key to eliminate overlap of functions or under-coverage of risks. This paper reveals that investments need to be focused in order to make the most out of the existing risk functions. In practice, this takes various forms: see what your company can do to align its risk functions.
The central role of internal audit in the climate change agenda
Climate change will present a whole range of risks to your company: it will fall to the internal audit function to help build an understanding of these risks and how to tackle each one. Given the uncertain nature of the effects of climate change, there is a clear opportunity for the GRC function to get on to the front foot in this debate.
Unlocking the value of Internal Audit – Three steps to transformation
In recent years, Internal Audit has been focused on control and compliance efforts to address internal control requirements. Now senior executives and audit committees are looking for more. Visit our page for more information.
Looking at transformation through the control lens
By keeping a firm focus on internal controls, organisations can get far more out of their change programmes. This should help businesses manage future risks effectively and give stakeholders greater confidence. Download our report, at transformation through the control lens.400Kb
FERMA risk management – benchmarking survey 2010
Keys to understanding the diversity of risk management practices in Europe. This year marks the fifth time that FERMA (Federation of European Risk Management Associations) and its partners Ernst & Young and AXA Corporate Solutions have conducted a risk management benchmarking survey. The survey gives an overall picture of the evolution of risk and insurance management and its role in Europe today.
The multi-billion dollar black hole
Is your governance, risk and compliance investment being sucked in? This document explores the reasons why companies are throwing excessive cash at GRC and identifies how they can make more targeted risk investments that reduce the cost of failure and deliver healthy returns. Find the answer in our report.
Five highly charged risk areas for Internal Audit
Internal Audit can best understand the risks associated with climate change and sustainability by dividing them into five general categories: Strategic, Compliance, Financial, Reputational and Operational. For the Internal Audit function, identifying and understanding these risks and how they affect the organisation is critical.
Planning for growth: Governance, risk and compliance
Now that the global economy has stabilized, how are successful companies planning for growth in the next three years? How can strategic changes made now help companies land on their feet as the global economy begins to right itself? Read our latest report, and find out about the implications of these changes for governance, risk and compliance 503K.
The top 10 risks for business
In today's post-downturn economy, a variety of business risks have emerged – and some have become more prominent. From the threat of increased regulation to emerging markets to social responsibility and more, our survey of leading industry executives shows which risks you should be prioritising this year.
