Risk Governance


The regulators of financial institutions are demanding an increasingly greater level of oversight and awareness about the operational risk management (ORM), requiring the organizations to demonstrate a viable capability to identify, measure, evaluate, control and manage the risks, integrating risk management into processes, systems and culture.


This makes ORM one of the most complex and fastest growing risk disciplines in banks and other financial institutions. Despite the industry's efforts to manage the risks, institutions still have much work to do. Organizations struggle to support a risk culture that empowers risk accountability, encourages the organization to escalate risks appropriately, and understands operational risk losses.


At the front-end of the Enterprise Risk Management (ERM) and Operational Risk Management (ORM) frameworks is risk governance.



Risk governance



Governance refers to the actions, processes, and structures by which authority is exercised and decisions are taken and implemented. Risk governance applies consistent principles to the identification, assessment, management and communication of risks.


Taking into consideration your mission, objectives and strategies, we help clients and their Board of Directors (or other governing body) determine their risk appetite, capacity and tolerance. We also help establish concise risk-management policies, embed risk into your existing management and reporting systems, and report focused and useful risk/return information for decision-making purposes at the highest level of the organization.


We employ a practical and efficient method based on leading risk management standards such as ISO 31000 and COSO Enterprise Risk Management