Risk Intelligence |
The challenge – balancing risk and reward in volatile times
Current economic conditions call for greater attention to risk management than ever before. Low consumer demand, limited access to credit, capital markets volatility, and the impacts of the global recession raise exposures far beyond acceptable limits if they’re not thoughtfully addressed.
How we can help you
Fortunately, our concept of risk intelligence has much to offer the process of managing risk under these challenging conditions. Deloitte’s newest publication Risk intelligence in a downturn: balancing risk and reward in volatile times, can be a useful guide in the efforts to enhance value through effective risk management – both during the recession and beyond – highlighting a sampling of issues to consider in risk management efforts, including:
- Aligning business goals with risk management priorities
- Taking calculated risks
- Managing public perceptions
- Cost reduction opportunities that improve risk effectiveness
- Fighting fraud
We can help you to:
- Effectively articulate the link between governance, risk, control and business performance management and the achievement of business objectives.
- Clearly link risks to strategic value creation and protection.
- Design and implement effective and pragmatic enterprise risk management frameworks.
- Identify and prioritise your key business risks.
- Determine lead KPIs for the key drivers of risk and measure-related performance improvements.
- Deliver risk assessment and risk management more cost effectively through a co-sourcing arrangement, where we assist clients to operate their risk management processes.
- Undertake change management and communication processes to enable successful Risk management implementation, supported by well defined processes, roles and responsibilities.
- We can support you with expertise to assess your risk management function and create value for potential improvement.
