ENTERPRISE RISK MANAGEMENT CONSULTING
Enterprise risk management (ERM) is holistic approach to risk management that provides a structured format to help organizations better implement and utilize their risk management policies. The ERM program provides a platform for continuous monitoring and improvement, applied across an entire organization, enabling them to better understand risks and align policies to the organization’s objectives. Implementation of an ERM program can not only help reduce potential losses and risks, it can facilitate better resource allocation, capital outlay and inform management decisions. Risk Cooperative works with organizations to develop and implement ERM frameworks designed to work with the varying stages of ERM maturity within an organization.
- Benchmarking and Gap Analysis
- Risk Identification and Assessments
- Risk Analysis and Evaluations
- Risk Appetite and Threshold Development
- Risk Reporting and Monitoring
- ERM Framework Design and Implementation
The Risk Cooperative ERM methodology is designed to help provide effective and proactive risk management and mitigation. This ensures all components of the ERM program work well together, across divisions and in conjunction with the organization’s overall strategy. This process helps to clearly define roles and responsibilities, so that policies and procedures can be best implemented and utilized across the entire enterprise. Lastly, this model helps to develop a standardized risk lexicon and rating methodology. Our ERM Consulting provides a common language and understanding that enables more efficient and effective decision making, as well as stakeholder management within the organization.