Embedding Risk Best Practices in Organisational CultureStarting in the boardroom and working across your entire organisation, our Risk & Governance Practice consultants are experienced in managing diverse risk issues including corporate governance, reputation risk, regulatory compliance, risk frameworks and modelling, capital efficiency and much more. Sound governance and risk management processes are essential for any business, to ensure the achievement of strategic objectives and long-term sustainability. We provide the specialisation needed to instill a culture of risk awareness to organisations in financial services and other sectors. Changes in both the UK regulatory landscape and the overall international environment require firms to understand how their operating environment impacts their risk profile. Suitably defined and applied approaches to risk management, governance and internal control are therefore required for the optimisation of sustainable business performance. An effective system of internal control is central to how an organisation responds to the various classes of risk to which it is exposed. Organisations that fail to recognise the need to control risk, safeguard their assets or comply with regulation expose themselves to the following potential failures, each of which can have a significant impact on their ability to operate successfully. |
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Governance
Good governance that promotes, accountability, openness, economic and financial stability is essential for an organisation’s long-term survival. A clearly defined and transparent governance strategy directs and guides an organisation's ethical culture, behaviour, policies and products and seeks to communicate an understanding and instill confidence among its stakeholders. We are experienced in assisting boards, committees and both senior and operational management to ensure sound governance, whilst fulfilling their organisation's responsibilities to a wide range of stakeholders as well as to social and environmental responsibility goals.
Enterprise & OPERATIONAL Risk
Enterprise risk management is a constantly evolving field, but remains focused on identifying and minimizing risks that companies face. These risks might be specific to an industry's regulations or those faced by virtually every organisation in the 21st century, such as cyber threats. An enterprise risk management framework is a tool that can help a company identify, list, and rank potential risks to specific parts of the organisation. To succeed financially and embed operational resilience, we help enterprises and organisations mitigate potential risks that could affect security, reputation, profits, operations, and more. An enterprise that ignores risks and the ways to mitigate them through planned systems, processes and policy could potentially face catastrophic consequences.
Financial Institution Risk management
The risk management sector has undergone an unprecedented evolution as the result of the financial crisis of 2008. Financial institutions and supervisory regulators in particular have become more and more demanding as to what they expect from the risk management function in general and the risk manager in particular. With the need for compliance, regulatory and supervisory expectations on a financial institution's staff, process and systems are extremely high.
We constantly keep on top of regulatory developments to support market participants through policy implementation and systems development. Our financial risk experts have strong relationships with both regional and international banks that have benefited from its expertise when dealing with a diverse range of new statutory and internal capital and risk requirements.
We constantly keep on top of regulatory developments to support market participants through policy implementation and systems development. Our financial risk experts have strong relationships with both regional and international banks that have benefited from its expertise when dealing with a diverse range of new statutory and internal capital and risk requirements.
STRUCTURED FINANCE
Asset based lending is a common tool for balance sheet management, especially for fast growing companies and those with cash management constraints. These solutions bring with them a unique set of inherent risks that, if mismanaged can have repercussions on both a corporate's balance sheet and as well as its reputation. Without the right measures in place, firms can face commercial default, bankruptcy, operational error, fraud, and financial penalties resulting from an inadequate compliance environment. We guide our clients on the best solutions for their operating environment and financial goals, all the while recognising that different aspects of risk management take priority in different countries and jurisdictions.
SUPPLY CHAIN FINANCING
Companies understandably spend a great deal of time and resources focusing on bank credit however a typical company will find that their inter-enterprise credit exposure is five times more than the total volume of short-term bank credit. We advise astute, risk-aware management in using early pay or supply chain finance solutions as a cash flow and risk management tool to manage their supply chain exposures and embed operational resilience.
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