Enterprise Risk Management (ERM)

Overview Approach Capabilities
overview

Today’s companies face an ever-increasing array of risks with varying levels of impact and likelihood. Enlightened business leaders are renewing focus on ERM, and a growing number of them are engaging us to help them craft a strategic approach to risk management.

A Framework for Identifying Risk

ERM provides a framework for identifying risks and opportunities, assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, we help enterprises protect and create value for their various stakeholders, including shareholders, employees, customers and regulators. 

approach

Our Approach

Practical, Reality-based ERM Solutions

We take a practical, reality-based approach to ERM, consolidating disparate approaches. We begin by aligning risk analysis and management to corporate strategy and risk appetite. We ensure that decision-making processes integrate risk and compliance considerations and design compensation plans to discourage risky behavior and reward desired outcomes. We evaluate cost reduction and operational efficiencies balanced against risk ramifications, and assess the board’s oversight role in light of disclosure mandates. 

We recommend a multi-phased and iterative ERM process designed to:

  • Focus on the highest priority risks
  • Evaluate risk mitigation activities and refine as needed
  • Leverage existing risk management processes, activities and deliverables
  • Confirm alignment of the ERM process to the corporate strategy


capabilities

Our Capabilities

Experience Matters

When it comes to ERM, experience matters. We ​have significant operational, functional and consulting experience and bring a practical approach and customized solutions. We are risk experts: we understand, identify and ​assess the probability and impact of risk at all levels of the enterprise. Coming from careers in corporate leadership, we’ve faced risk ourselves. We bring the perspective, holistic approach and judgment needed for effective ERM. We anticipate and navigate inherent roadblocks. We can implement ERM to help you:

  • Broaden understanding of risk exposure
  • Align risks and rewards
  • Identify natural hedges
  • Eliminate surprises
  • Assign ownership of risk
  • Respond to risk events
  • Improve business decisions
  • Lower borrowing costs
  • Avoid costly litigation
  • Respond to regulatory mandates