01
Challenges and pressures
02
Modernizing their risk function
03
Managing rapid change
04
Current and future investment
05
AI evolution and impact
06
Controlling costs and adding strategic value
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Biggest challenges for organizations within the next 2-5 years
Most effective strategies for aligning risk objectives with business goals
Budget allocation for risk management efforts
Stakeholders driving the most pressure on risk management
1/3 of respondents considered outsourcing cybersecurity and strategic and financial risks to enhance the efficiency and effectiveness of their risk mitigation strategies.
33%
Strategic risk management and planning
33%
Cybersecurity and threat protection services
33%
Financial risk analysis, including market, liquidity, and credit risks
32%
Technology-driven risk management, such as AI and ML implementation and oversight
31%
Compliance monitoring and regulatory reporting
31%
Training and capacity building efforts for risk management personnel
30%
Operational risk assessments and process improvement
KPMG is proud to again rank No. 1 across multiple risk advisory categories in the Source study: Perceptions of Risk Firms 2023. These categories include First Choice in Financial Risk; 1st for First Choice in Third Party Assurance; and 1st for Client Advocacy in Risk.
Gain next-step knowledge from KPMG action plans. Request the KPMG 2023 CRO Survey.
Building stakeholder trust in risk transformation
Chief Risk Officer Survey
Industry perspective: Consumer & Retail
Risk Modernization
Enabling insight. Embedding resilience. Creating value.
The C-suite’s dilemma: Who’s in charge of AI risk?
Who owns AI? It’s become the existential problem- to- solve as adoption skyrockets against a backdrop of uncertainty. The solution starts here.
Transforming technology risk
Managing technology risk to build stakeholder trust
2023 KPMG Chief Ethics & Compliance Officer Survey
Anticipating more scrutiny
Implementing tech and data-driven compliance
Forward focus for ethics and compliance