Services
ENTERPRISE RISK MANAGEMENT
Rising demands from stakeholders are placing huge pressure on organisations to continuously do the right thing in terms of strategic, financial, operational, legal and regulatory requirements.
Effective enterprise risk management requires a robust, organisation-wide identification, monitoring and reporting process.
With an every changing and risky markeplace coupled with tighter regulations and increasing legal requirements, it is leaving organisations with little room for manaeouvre if things go wrong. Stakeholders and shareholders of organisations have a low tolerance for unwanted surprises and expect any potential threat to be managed effectively before they become an issue.
We work with organisations to integrate ERM practices into existing business processes that help to identify and manage unwanted surprises and ensure that long term objectives are on track for delivery.
From the inital benchmark review of ERM frameworks to recommending and delivering key components such as risk taxonomy, risk governance, risk appetites, KRIs, risk event process, risk registers, RCSAs and risk reporting.
Our team of specialists offers broad industry experience and deep insight that will help you to place risk management at the heart of your strategy so you can take calculated risks that add value, while side-stepping those that threaten your organisation.
IT RISK MANAGEMENT
The effective management of IT risk is essential to an organisation. Too often companies are faced with IT crises, resulting in an impact on financial performance, reputational damage and ultimately a loss in consumer confidence.
IT risk management is a key issue for organisations, lying at the top of both the strategic and regulatory agenda
In a world where organisations must embrace technology both effectively and efficiently, if it is to remain relevant and ahead of the competition, senior management must ensure that it does not leave itself exposed to vulnerabilities.
We can help organisations identify, assess and manage cyber threats using the latest tools and IT risk frameworks.
Working with the organisations IT experts, we can help to deploy effective control activities and ensure major gaps are addressed.
No matter where an organisation is on its journey to manage IT risks, we can offer advice and guidance to help organisations improve their IT risk maturity
IT RISK MANAGEMENT
The effective management of IT risk is essential to an organisation. Too often companies are faced with IT crises, resulting in an impact on financial performance, reputational damage and ultimately a loss in consumer confidence.
IT risk management is a key issue for organisations, lying at the top of both the strategic and regulatory agenda
In a world where organisations must embrace technology both effectively and efficiently, if it is to remain relevant and ahead of the competition, senior management must ensure that it does not leave itself exposed to vulnerabilities.
We can help organisations identify, assess and manage cyber threats using the latest tools and IT risk frameworks.
Working with the organisations IT experts, we can help to deploy effective control activities and ensure major gaps are addressed.
No matter where an organisation is on its journey to manage IT risks, we can offer advice and guidance to help organisations improve their IT risk maturity
THIRD PARTY RISK MANAGEMENT
Organisations are under pressure to drive efficiencies, reduce costs and improve performance. As a result, there is a growing dependency to work with 3rd party external parties to help tackle these demands.
Unfortunately, working with external organisations comes with an entire set of risks that did not exist in the past.
As organisations outsource progressively critical operations such as IT using for example cloud infrastructure, the management of third party risks has become imperative. A failure of an external outsourcing firm can leave an organisation suffering major service disruptions, financial losses, possible regulatory penalties and huge reputational damages.
While organisations may outsource their core activities, the onus still remains with them to ensure that these core tasks are being effectively managed. Regulators in sectors such as finance have made clear that failings cannot be blamed on contractors and that companies must take a rigorous, formal approach to assessing and managing the risks created by reliance on third parties.
Managing third party risk requires three stages:
- Conducting third party operational risk reviews and creating a risk framework
- Carrying out a third party risk assessment
- Regular risk audit reports to provide assurance
We can help you to evaluate and manage risks associated with third parties so you can focus on meeting your business objectives.
We can offer a robust approach to third party risk management and assurance to clients who require an effective control framework for their relationships.