Step 1: Define risk management maturity 

Our consultants will lead a series of workshops to assess the maturity of your risk management processes. 

The four phases of maturity are: 

1. No risks defined 
2. Risks defined for some areas of the business but not clearly documented with an immature testing mechanism 
3. Risks are clearly documented for all areas of the business, but reporting requires heavy manual workload 
4. Risks are mapped against processes and reporting is automated, easy to manage and scalable. 

Step 2: Develop controls framework 

Providing your business isn’t sitting at level four maturity, the next step is to develop a controls framework that ensures compliance against the chosen framework your business is regulated by. 

This will involve interviewing process owners to identify and document any gaps in disclosures and mapping these risks against your processes.

Step 3: Enhance reporting 

Using best-in-class technology, we help to establish: 

• Clear processes to centralise your data 
• Flexible reports that are trusted, connected and automated 
• A proactive risk mentality within the team. 

This automation gives your team time back to devote more resources to deriving insight from that data and making key business decisions.