Mitigate Risk Today
Risk Management Solutions
Enterprise Risk Management
Enterprise Risk Management is a process affected by an entity’s Board of Directors, Management and other personnel. ERM is applied in strategy setting and across the enterprise, designed to identify potential risk events that may affect the entity. ERM allows the organisation to manage risks within its risk appetite to provide reasonable assurance regarding the achievement of the entities objectives
Fraud Risk Management
Assisting you to address fraud before, during and after it has occurred, by effectively introducing fraud risk management programmes that incorporate policies and procedures that will assist you.
Prevention
Systems, policies, training and communication procedures that minimise the likelihood of fraud occurring, whilst maximising the possibility of detecting any fraudulent activity that might transpire.
- Fraud risk assessments
- Fraud policies
- Employee and third party due diligence
- Communication and training
- Auditing and monitoring
Detection
Activities that seek to identify fraud occurrences as soon as possible, after they begin, in order to limit the damage
- Reporting channels
- Hotlines
- Whistle-blowing mechanisms
- Data analysis
- Auditing and monitoring
Response
Responding to suspect fraud occurrences
- Investigations
- Corrective action
- Root cause analysis
- Process and control remedial recommendations
Operational Risk
Effectively managing the risk of direct and indirect losses resulting from inadequate or failed internal processes or systems, human factors or from external events is a very daunting challenge for organisations. Whilst an organisation may have a well documented operational risk framework, the implementation thereof by management, poses an enormous challenge in terms of their management accountabilities and responsibilities of effectively managing their risks, in terms of risk identification, assessing, controlling, reporting and managing the challenges of the risk lifecycle, we can assist you with the following:
- dentification of business risks through risk assessments
- Assessing the risk in terms of controls, design and operational
effectiveness - Risk awareness training
- Monitoring and reporting
Governance and Ethics Risk
Supporting you to understand that Ethics risk management is the planning, organising, directing and controlling of resources and operations which ensures that the organisations’ ethics management initiatives facilitate the achievements of the organisations’ objectives. The above is aimed at preventing ethics risks from undermining the achievement of objectives.
The successful implementation of an effective ethics management framework is the pre-requisite to managing the ethics risk in an effective and efficient manner and we can assist you with the following
- Leadership commitment
- Governance structures
- Ethics management (ethics risk assessment, ethics, strategy, training and communication, codes and policies, monitoring and reporting)
- Independent assessment and external reporting
Compliance Risk
Legislation requires that the compliance function is created and structured in accordance with legislative requirements and we can assist you with the following
- Compliance with relevant legislation
- Creation of a formal and structured compliance system
- Creation, establishment and implementation of a governance and compliance culture
- Enterprise wide governance and corporate accountability
- Compliance risk monitoring
Strategic Risk
Every year Management and their teams face the daunting challenge of formulating and implementing a good corporate strategy at a business unit level, we can assist you with these challenges by providing the following:
- Basic awareness into the essence of corporate strategy
- Understanding the 3 core areas – strategic analysis, strategic development and strategy implementation
- Facilitation of workshops
- Documented outcomes