Risk management and risk assurance
In today’s competitive markets it is imperative that all businesses know and understand the benefits of robust risk management processes and systems that assist in identifying potential threats (future events) that prevent you from achieving your goals be it strategic, operational or tactical.
Understanding and effectively managing your risks will pay dividends and improve your bottom line whilst balancing risk and growth, how – through effective planning and identifying risks that will prevent you from achieving your goals.
We engage with all levels of your business from the board, business owners to front line workers to ensure each has a thorough understanding of their risks and have the confidence to manage them.
For larger organisations we work with the business owners, boards and committees to develop/review
- risk governance processes
- risk policies and frameworks
- risk management strategies/plans, and
- aligning risks to objectives
For all organisations we assist to develop/review
- risk management processes
- risk assessment criteria
- fraud and corruption risk assessments and plans
- risk assessments against operational/business plans
At a tactical level we assist to develop/review
- risk and issues management plans
- training and awareness sessions
- day of operations risk assessments including safety risk assessments
We work with you to develop your risk requirements tailored to your industry and organisational structure. We identify potential risks, assess their impact, and provide actionable insights to enhance your risk resilience. We understand that risk is fluid in nature and the ever-evolving environment within which you operate continually impacts your business. With you we ensure the strategies for risk mitigation, contingency planning, and continuous monitoring ensures you adapt to evolving risk landscapes.
Compliance and Regulatory Support
Understanding your legal and regulatory obligations, license conditions, your internal policies, and key voluntary codes of practice to which you subscribe and within which you operate is key to building a resilient business. We help you navigate complex regulatory landscapes, ensuring your organisation remains in full compliance while minimising potential legal and financial risks.
Your business values together with good corporate governance assists in setting expected behaviors and reinforce a culture where compliance forms part of daily activities. Compliance is a significant control that protects of you, your staff and your businesses reputation and is also fundamental to you achieving your business objectives.
We work with you to review/develop:
- compliance obligations map to identify relevant laws (acts and regulations), standards, codes and policies governing your business
- all obligations relating to your key activities and stakeholders, and effectively integrate these into day-to-day operations
- a proactive culture of valuing compliance
- risk assess your levels of compliance
- develop mitigation, monitoring and review plans that ensure you remain on top of your obligations
Business resilience
All organisations from SMEs to multinationals should undertake business reviews to identify, analyse, and evaluate disruption related risk/s facing your business. We assist to develop/review disruption risks and ensure they are managed effectively which may include developing, implementing, and testing business continuity plans designed to assist your business in responding to and recovering from any business disruption.
The planning and development of mitigating strategies to deal with major risk events, such as natural disasters, pandemics, financial or economic stress must receive the focussed attention of business owners, boards and managers if you are to survive during a major event.
We assist in developing/reviewing your business resilience frameworks including:
- Emergency management – having in place emergency response plans that ensure you and your staff are safe
- Incident management – identifying and planning for the management of incidents, including determining response level
- Crisis management – we assist you to prepare for unforeseen crisis and to develop/review crisis management plans, communication strategies, and training programs to minimise the impact of crisis on your operations and reputation.
- Business continuity – we assist you to identify and analyse potential disruptions, develop recovery strategies, and provide guidance on maintaining essential functions during unexpected events. Understanding the consequences a disruptive event will have on staff (loss or unavailability of staff or critical skills), systems (loss or unavailability of infrastructure, for example, ICT, electricity, water), sites (loss or unavailability of sites, workspaces, or critical assets) and supplies (loss of supplies or suppliers) is a key aspect to ensuring you businesses resilience.
Training and Workshops
Empower your team with the knowledge and skills needed for effective risk management. We offer customised training programs and workshops on:
- the effective management of risk including risk awareness and mitigation strategies
- business continuity management
- crisis response to build a resilient organisational culture.
Insurance Program Management
Ensure you achieve the best outcome possible with your program for management of claims, renewals, and presentations to underwriters. We will tailor a program that assists your organisation preparing data packs, insurer proposals and inspections with an outcome of achieving the lowest possible premiums.
Those who leave their annual insurance renewal to insurers will always pay a premium close to if not exceeding the average percentage rise for any policy. We develop programs for managing insurances throughout the year including understanding the nuances of your schedules and policy wording, claims management, reporting, 2nd line assurance programs, improvement plans, presentation all of which will ensure a fair and equitable outcome.