ENTERPRISE RISK MANAGEMENT

Although Financial Services has long managed individual risks on a silo basis, Enterprise Risk Management (ERM) is a relatively new discipline.

As ERM has yet to mature, there is no standard ‘text book’ consulting approach to a successful implementation - a high degree of pragmatism based on robust principles is key.

Running an effective and respected ERM function that constructively challenges the organisation rather than simply adding to overheads requires significant skill, emotional intelligence and experience. The necessary leadership is provided right from the top by the role of the Chief Risk Officer.

Experience

Governance reviews / enhancement programmes
Risk Appetite definition and ERM framework design
- implementation and operational oversight
Control Self Assessment frameworks
Counterparty and Outsourcing / Risk Transfer
- risk assessment and management frameworks
Conduct Risk Management frameworks
SIPPs, financial planning and independent advice
- all aspects of risk management

Skills

Interim cover for Chief Risk Officer
Independent external advice to Risk Committee
Crisis management support
- eg Skilled Person Review, deep dive, due diligence
Programme management for all risk-related activities
Advice on regulation, governance, oversight and risk procedures
Efficient delivery of 'messy' risk projects
- eg compliance remediation and due diligence

Most of our work is confidential in nature so details cannot be published. We are happy to provide more specific information about work we have undertaken.