Enterprise risk management involves seeing the organization as a
whole, starting at the point of the strategy and governance and
throughout execution, including operations, monitoring and
reporting. At every step in this process, there exists a wide range
of risks that can manifest themselves at any point and in a variety
of ways. These risks are inextricably linked in complicated
relationships and can have profound impact on earnings and capital
if they are not properly managed.
A Portfolio View of Risk
An enterprise-wide risk management program ensures that risk of
all types is actively identified, assessed and managed throughout
all parts of the organization. Accume's goal for enterprise risk
management is to provide the tools, methods and training for
aligning risk with strategy and risk appetite in order to preserve
capital and maximize shareholder return. Our approach involves
engagement with staff and senior management, use of our
comprehensive ERM framework, intuitive risk assessment methods and
clear and actionable risk reporting.
Our framework is designed to be a tool to identify, assess and
actively manage risk of all types, including:
- Credit risk
- Interest rate risk
- Liquidity
risk
- Operational risk
- Compliance risk
- Market risk
- Strategic risk
- Reputation risk
In addition, our services can be tailored to
individual organizations depending on the maturity level of
their current program. The goal is always to leverage and
incorporate existing risk management practices while helping to
develop the remaining elements to bring the program up to both
regulatory expectations and industry best practices.
Projects Customized for the Client's
Needs
Engagements may range in size and scope depending on the needs
of the individual organization, but may include:
- Board and executive level awareness
- Gap analysis comparing the current program state to industry
best practices
- Project design and implementation
- Documenting of risk policy and appetite
- Oversight or direct management of the enterprise-wide risk
assessment
- Assist in developing action plans for further risk
mitigation
- Development of Board and management level ERM reports
We always seek to ensure that an organization's ERM program
serves as a powerful management tool for decision making, resource
optimization and competitive advantage.