Ensuring the long-term viability of any company takes planning. It’s necessary for boards and management to understand the risks from the company’s market, competitors, and continued operations and to establish the company’s appetite for risk which is then integrated with the short term and long term planning cycles. Management’s articulation of its risk appetite should be directly connected to the business strategies, financial goals and work streams. Broad and deep communication plans help to embed the risk management culture and ensures that everyone is aware of their respective roles in managing institutional risk. Business leaders also need tools to monitor those risks and protocols to address them proactively.
Our experts work with C-level executives and boards to establish or reevaluate their risk appetite statements and support them in establishing clear leadership accountability for and monitoring of the key risks institutions face. However, monitoring is only part of the process. We also support management teams through the process of identifying and codifying trigger points and action plans proactively, to enable the leadership team to be ready to react with timely mitigation plans when trigger points are approached or breached.
This integrated approach to the identification, assessment, and management of Key Risks along with the development of risk measurement systems associated with monitoring these risks require strong quantitative expertise and insights. The investment in enterprise risk management today is essential to continued corporate growth and profitability, especially in the midst of the current environment of changing regulations and the shifting economic landscape. A partnership with Analytic Focus can help you build long term sustainable growth through management of enterprise risk.