We address three key components of risk:

• Policy
  • Ensure all major risks are addressed: credit, liquidity, market, operational, capital, compliance and reputation
  • Require clear policy guidelines for each
• Process
  • take an enterprise view
  • ensure effective and independent reporting
  • ensure use of best practice tools
  • require regular risk audits
• People
  • depth of understanding and adequate resources
  • cost effective and risk aware culture supported by seasoned judgment.

Almost any significant unexpected change can kill a business unprepared to deal with the consequences.

Most businesses, particularly banks, have the tools needed to assess risks, even complex credit, liquidity and market risks. A fundamental requirement is ensuring risk managers select the right inputs provided on a timely basis to produce useful results.

The challenge is often how well risk managers and those to whom they report understand what the tools are telling them, measure risk relative to policy limits and are willing to take prompt corrective action.

We focus on how well risks are understood, policies are applied and action is taken across all relevant management levels in an organization.