The design, development, build and implementation of enterprise risk management frameworks is a core offering. Our team has decades of collective experience working across financial services, energy, government, telecommunications and utilities to ensure your new or existing RMF is 'fit for purpose'. With a heavy focus on Decision Quality and the impacts of cognitive bias, we look through the ERMF to its core purpose - making better risk-based decisions, and that shapes our thinking for each individual client.
Every key business decision is a risk-based decision. The trade-offs you are making have short or long-term impacts. How do you know you are making the best risk-based decision that you can?
A meaningful RMF brings together the key elements of effective business decision making. It starts with your purpose and mission, reflected in your strategy, risk appetite and operational plans. It connects these plans with the things that must go right or can go wrong (risks) with the rules you must comply with (regulatory and contractual obligations). It then considers your operating model, resource capabilities, business processes and controls and helps answer the key question: what should we do?
Successful and sustainable business decisions come from the insightful distillation of all elements of the RMF. Gaps in any part embed more risk in the decisions you make. Companies that are 'built to last' ensure their RMF is tailored and maintained to support intelligent business decisions. They invest in all parts of the RMF to have a decision support system that provides transparency into the business, along with intelligent analysis and insights, to ensure enduring business success.
An effective and 'fit-for-purpose' RMF is more than a management system - it is the most important decision support tool you have.
Our team can help you:
Whichever service or support we deliver, we will provide you with a report that presents a meaningful view of your organisation's RMF and the measures required to safeguard your business. The report includes: