With organisations undergoing massive change in the wake of the economic downturn, enterprise risk management has never been more important and should form a critical part of an organisation’s governance framework.
As institutions seek to respond to the new regulatory and commercial challenges following the financial crisis, ERM is playing a pivotal role in improving the risk management environment. It is imperative institutions have effective systems and procedures in place to meet global regulator’s requirements for effective, accurate and timely risk management and oversight.
Deloitte’s team of risk and control specialists number over 70 and is the largest group of its type in Ireland. Our professionals offer an excellent mix of skills including experts who have worked in business, trained in practice and those who have developed expert IT systems audit and security credentials.
Having worked with a large number of organisations across a variety of sectors in recent years, Deloitte brings a unique perspective to what good looks like.
1. Development and implementation of a Risk Management Framework including the following:
2. Assessment of existing risk practices and framework
3. Benchmarking against internationally recognised standards and leading practices
There is no ‘one size fits all’ solution but Deloitte has developed an extensive set of tools and methodologies to allow us to rapidly add significant value to a company’s risk management. For example Deloitte’s Risk Intelligence Program Methodology applies our nine fundamental principles for building a Risk Intelligent Enterprise to transform an organisation’s risk management capabilities.
It is a holistic and unifying approach for building an effective and efficient risk management program that is also scalable to focus on the key areas that can provide an organization with the greatest competitive benefits.