Enterprise Risk Management (ERM) transformation involves cascading the risk management measures to operational level. Organizations need to establish monitoring mechanisms/tools to manage risks on an ongoing basis, and change management programs to further strengthen the 'risk culture'.

 

How we can help

Risk Analytics and Modelling

• Establish baseline and 'good to have' data to be collected and analyzed 
• Develop the framework and process to collect and analyze the data necessary to enhance decision making 
• Develop Key Risk Indicators, mapped to the risk appetite and tolerance metrics

 

Incidents, Near-Miss and Exceptions Management (INME)

• Develop framework and processes for managing, analyzing and reporting incidents, near-miss and exceptions
• Integrate INME program outcomes to the existing risk management activities

 

ERM Culture and Capabilities Programme

• Develop ERM change management plan (communication plan, competency roadmap, etc.)
• Implement change management plan (conduct trainings , develop communiqués, etc.)

 

Policy and Process Management

• Develop framework and process to review policies and processes following any change in the external environment, internal organizational changes or changes in strategies
• Map key risks to policies and processes, and identify areas of weaknesses

 

ERM/GRC Technology Selection and Implementation

• Develop GRC strategy
• Selection and implementation of GRC technology

 

Success Stories

• Assisted several large property developers in Singapore in the review of internal policies and processes vis-à-vis risks identified in its critical processes, and provided recommendations for areas of improvement.
• Delivered ERM trainings and change management programs to statutory boards, government agencies, and large property developers in Asia and Middle East, to cascade risk management knowledge to the staff.