Risk Management Solutions
Why Manage Risk:
The Enterprise risk management (ERM) process in a Business is a structured, consistent, and continuous risk management process applied across the entire Organisation, to better understand and address material risks.
The implementation of ERM can facilitate better resource allocation decisions, increase operational efficiency, and enhance a company’s risk control efforts to support critical strategic, compliance, and governance initiatives. At FinCap Consulting, we can help your Business apply an integrated approach to identifying and assessing business-critical risks, evaluating existing risk management infrastructure elements, and constructing continuous, in-depth ERM processes, similar to larger institutions, therefore ensuring Business is being conducted in a controlled manner.
We have team of specialists in this area who can analyze risk from an integrated perspective, identifying risk relationships within your organization to create a more sophisticated understanding of your company’s material risks.
Advantages:
Better understanding of Strategic and Business Risks and establish measures to remediation of risk.
Provides continuous assurance that business processes are running effectively, and risk factors and made known and necessary measures are taken to address them.
What You Get:
A proven process used across complex organisations such as Global Banks to help you identify and assess material risks, develop specific mitigation strategies, and assess enterprise-wide technology platforms for ongoing monitoring and reporting.
The ability to create a holistic, enterprise-wide risk aware culture, risk analysis, analytics, organizational change, and risk technology.
We can establish an industry-wide practice of establishing a Risk Management and Controls Assurance framework for your Business, as it grows, covering:
Current State/Gap Analysis - identify and compare your organization’s existing capabilities relative to what capabilities management would like to have in place.
Risk Identification and Assessment - a structured approach to assess risks specific to your organization. This includes the collection, identification, categorization, prioritization, and mapping of risks to align with your organization’s business objectives and strategy. The result is a strategic organizational risk map.
Risk Analysis - Risk analysis enables you to better understand the impact risk has on your organization and your business objectives.
Risk Evaluation - A systematic ERM approach calls for the analysis of possible actions taken with respect to each risk —accepting it, managing it, or removing it. These options typically requires the establishment of an implementation plan. It also requires evaluation of risk treatment options including the projected costs and benefits; identification of risk ownership; the recommendation of tailored solutions appropriate to your business and objectives; and the implementation of risk mitigation strategies.
Risk Reporting - Managing risk across the enterprise requires coordination. The information produced by the various businesses and risk management functions in the risk assessment and analysis phases must be disseminated so that the right people are given the right information at the right time to make informed business decisions.
Governance - Providing advisory on Governance related matters so that Risks related matters are communicated to the Board of Directors and there is a Governance in place, address ongoing Business risks.
Please contact us for further information.