Is your organisation prepared for multiple high-risk scenarios such as data breaches, natural disasters, technology failures, supply chain disruptions or product safety issues?
Most businesses are grappling with gaps in risk capability, such as the inability to respond to new situations at pace, and a lack of clarity from leadership around accountabilities, roles and responsibilities.
Effective risk transformation
Your organisation’s insights, governance and risk management processes are the foundation for responding to risk effectively. They help you to make quick decisions, informed by a holistic view of your risk landscape.
An effective risk transformation program will help your organisation improve its resilience and agility by proactively identifying, assessing, and mitigating potential risks, to ensure business continuity and strategic success in the face of challenges.
How strategic is your risk management?
Need help with your strategic risk management framework? Provide your details and we’ll be in touch.
Creating value through risk management
Risk management needs to shift away from a functional administrative process to a value creation service, integrated with the entire business. This is as much a mindset shift as it is about risk frameworks and operating models. It requires a focus on ‘protect’ and ‘grow’ strategies, where risk management is understood to be key to agility, innovation and brand differentiation.
Risk management frameworks
The right framework and a risk operating model will make it easy to execute across all three lines of defence. Clearly defined controls and indicators will then allow important mitigating actions and opportunities to become clear.
A quick win for organisations is to increase the regularity of their risk reviews to a quarterly timeframe, rather than annually. This will allow for more comprehensive data and insights and a stronger governance model.
Forward-looking risk transformation programs
Organisations are looking to their leaders to build agile, forward-looking environments that build risk management practices into everyday activities.
With clear ownership and accountability across all business lines, leaders should ensure the organisation’s risk appetite is defined and aligned to the business strategy to drive value. This can help transform the business and its risk capabilities for integrated and effective outcomes.
How KPMG can help embed Trusted risk transformation
Transform your organisation’s risk management strategy and frameworks for improved, more proactive decision-making.
Addressing emerging risks
KPMG’s risk management framework provides the building blocks to integrate emerging risk into your organisation’s risk framework and governance model for better decision-making and more proactive responses.
Our risk specialists will work with you to design and implement a risk operating model that has risk management at its heart, so you can counteract future risks and seize opportunities.
Supporting board-level decision-making
Establishing a risk agenda at the board and executive level as part of corporate governance can help clarify leadership’s risk appetite and drive value while challenging transparency levels . We can help board members get a clearer view of risk across the organisation for better-informed decision-making.
We bring industry-leading risk specialists who understand how risk management needs to be embedded in the business across different industries. They will also support the development of guardrails for strategic and operational decision-making.
Our Risk Transformation Services: a new era of risk intelligence
Combining expertise and technical know-how to deliver positive outcomes.
To support and deliver on our risk approach we have a team of individuals with extensive risk, regulatory and transformation experience across all industries and sectors.
We can assist you with: risk frameworks; risk operating models; dynamic risk assessments; risk culture and conduct; and transformation risk function.
This is enabled by:
- Risk maturity assessments
- Risk insights, including case studies
- Discovery phase, case for change and delivery roadmaps
- Leadership coaching
- Risk and controls SMEs
- Powered Risk (technology solutions)
- Business transformation
- Change management
- Project management office
Watch: KPMG Powered Enterprise | Risk
Meet KPMG's Risk Transformation specialists
Need help with your strategic risk management framework? Contact our risk transformation specialists or provide your details and we’ll be in touch.
Related risk management services and solutions
Services, insights, thought leadership and research related to risk transformation.
KPMG’s solutions for business transformation
KPMG’s business transformation solutions can help you engineer a future of new opportunities designed to create and protect value.
KPMG Connected Enterprise
An industry specific, customer-centric approach to digital transformation.
KPMG Trusted Enterprise
A dynamic, modern approach to risk and regulation to foster and enhance trust.