Managing risk has become paramount within Australian businesses over the last decade.
The ability to analyse risk through analytics enables clients to have enhanced transparency, resulting in better management and understanding of the regulatory environment, competitive landscape, capital, liquidity, funding, and cost and performance pressures.
Risk transformation offers:
Volatile markets have also required organisations to be nimble and respond to challenges that could potentially affect their productivity. There’s a real need for them to be empowered to handle challenges in capital, operational, technological and risk management efficiencies with a view to driving shareholder value.
We help our clients understand their portfolio view of risks, amplifying the implications of key risks across group, divisional and operational levels. Through this approach we aim to deliver a clearer understanding of the underlying risks that affect the achievement of strategy, and how strategic outcomes may vary under various operating scenarios.
The team clarifies roles and responsibilities for risk management across the business, to help enable agile decision-making.
By leveraging the use of technology and data our team helps enable a ‘Risk Intelligent Enterprise’.
We create a structured approach to enable assessment of the relative maturity of the risk management and governance frameworks.
For government organisations, managing risk and assessing vulnerabilities involves everything from understanding the impacts of macro-level public policy changes, supervising contracts and grants, and protecting information systems and data from theft or loss, to anticipating macro-level changes in the global economy. Good risk management helps public agencies to be effective, efficient and accountable to the public.
Financial institutions are facing continuing pressure from regulators on one side and shareholders on the other. Working to balance the former’s expectations for higher levels of capital and the latter’s for superior returns; senior executives and boards are focusing on improving risk management and governance and deploying capital more efficiently.
Effective management of risk is crucial to the success of energy and resource projects – management is finding it increasingly necessary to embed risk management into everyday business processes. While many companies have begun this journey, there is still much to do in order for the competitive advantage of risk to be grasped.
Gartner has recognised Deloitte globally for our expertise and we have been awarded the highest rating, ‘Strong Positive’, for Global Enterprise Risk Management Consulting Services. We were also recognised by Hypatia Research Group as a global leader in Risk Consulting.