IGS Risk Solutions
| Today’s complex organizations need an informed and balanced approach to risk management. IGS Risk Solutions provide a roadmap for achieving next generation high performance risk management through integration of siloed environments. They include a framework and operating model for dealing with often-overlooked and misunderstood complexities such as:
- risk aggregation
- risk interdependencies
- risk portfolio concentrations
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The result is more intelligent risk taking by management, fully consistent with the risk appetite and tolerances established by the board. The benefits include promoting a culture that confronts and addresses risk in a healthy way, driving successful change and avoiding costly surprises. This builds an overall confidence and peace of mind both internally and externally. Ultimately, the organization will achieve and promote a new, higher standard for risk management.
We offer varying levels of risk management education and awareness training on next generation governance approaches. Components include:
· General education and awareness of governance principles and issues
· Guided risk management discussion around key issues and opportunities
– summary or detailed level
· In-depth education and awareness, going deeper on issues around
organizational trust, integrated governance and leveraging key benefits
We provide a guided approach: a customized, facilitated process and expert resources to guide and assist executive management and boards with risk management. Our process consists of assessing the current state, identifying gaps and developing responsive action plans. Components include:
· Company-specific diagnostic assessment
· Guided discussion of both identified gaps and disparities in responses
· Prioritization of issues
· Action plans for bridging and closing gaps
Our experienced team combines seamless risk management consultative and advisory resources with the necessary competencies to assist in enhancing the process and closing any gaps. Examples include implementing detailed mechanisms and practices around:
· Risk management infrastructure
· Identification and assessment
· Quantification and aggregation
· Ownership and management
· Monitoring and reporting
· Next generation risk management that enhances business performance, value
generation and return on risk management investment
Contact us today to discuss how we can help your organization achieve next generation governance.
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