MANAGING RISK
Given all the recent crises that have hit the world, from unexpected company failures to pandemics and geopolitical crises, businesses are recognising that the eventuation of risk events can be logical, mitigable and, to some extent, predictable. The goal of the Risk Management function is to control future outcomes by establishing proactive processes designed for risk identification, avoidance and mitigation.
Our goal is to enhance your risk functions. The ARC approach is to truly understand your unique business model, and the industry it operates in, to gain a holistic understanding of your business operations.
From here, we are able to:
We can work through the entire risk lifecycle of the above, or focus on a particular aspect that you have already identified.
The goal is to establish a control system that uniquely caters to your company needs, while mitigating a significant portion of your business risk.
The aim to achieve this through pro-active controls, but we are also able to assist with post threat risk management, such as during litigation, business turnarounds or specific crisis management.
With ARC Solutions on your team, you can rest easy in the knowledge that the latest in best-practice methods applicable to each industry are applied, as we assist you in implementing a formidable Enterprise Risk Management Framework.
RISKS SPHERES WE SPECIALISE IN:
Financial risk
We can manage your capital adequacy requirements to ensure you remain sufficiently capitalised through the business cycle. We perform financial modelling to ensure your products and services do not place your balance sheet at undue risk (portfolio risk). We review mergers and acquisitions pre and post transaction to ensure the financial health of all parties are reported and maintained.
Legal risk
Covering compliance, criminal and contractual risk. We offer both pro-active and damage control services to assist in your legal risk mitigation.
Strategic risk
We can elevate the effectiveness of your company strategy, and consider whether the operational models and strategic goals align. By identifying and removing/reducing threats at a strategic level, we increase the likelihood of your companies’ sustained success.
Marketing risk
Is your business’ reputation well managed? Does your marketing send out the right message? Is there a mismatch between your target client base and product? Are your marketing strategies as effective as they could be? Are you using the correct marketing channels? Is your marketing and sales implementation negatively affecting your bottom line? We can help
IT and network security risks
Are you using optimal technology solutions or are you introducing unknown risks into your firm with your current setup? In today’s digital and cybercrime rich environment, are you doing everything reasonably possible to protect your firm and your clients?
OUR SERVICE OFFERINGS:
*(the following list is not exhaustive. Interested parties should contact us when requiring specific services.)
AUDITS & REPORTING
Find out if your Risk Management function is effective and in line with the latest best-practice standards. Our Audit reporting service offers usable data, identifying any shortfalls so that you may action corrective measures.
Types of audits conducted:
- Audit of Risk department. We provide a detailed report on the structures and processes in place and their level of effectiveness towards risk mitigation.
- Audit of isolated divisions/branches. A report providing insight on the adherence of implemented processes to confirm risk mitigation within a specific division/branch.
RESEARCH & ADVISORY CONSULTING.
Our team’s experience and extensive skillset allow us to understand your business. Our advice will assist you in achieving an effective Enterprise Risk Management Framework that considers the company’s financial goals. This can include:
- By assessing your risk management controls, we can advise on adjustment of current controls or the introduction of additional controls that are in line with best practice protocols.
- Identification and classification of Risk, with impact analysis.
- By running stress testing scenarios, we report on the effectiveness of current controls.
BESPOKE SOLUTION DEVELOPMENT
We give you the tools to assist in the ongoing management of risk. All solutions are tailored to your business. Examples of this are:
- Creation of an Enterprise Risk Management Framework which includes auxiliary policies and processes.
- Drafting/Editing of Risk policies.
- Risk Management Plan creation.
- Risk Register drafting.
- Our training solutions provide for:
- The development of training material,
- Physical/digital training classes,
- Online training and testing platform (course completion progress tracking enabled).
HOW WE HAVE HELPED OUR CLIENTS:
Case #1
Created and implemented a full eGRC risk management framework for the successful submission of a collective investment scheme licence.
Case #2
Created a financial risk management framework for an internal portfolio, while balancing both regulatory requirements, and mitigating the high-risk nature of the portfolio. A combination of traditional quantitative and innovative qualitative methodologies was utilised.
Case #3
Review of a client’s business network security arrangements, including consideration of remote monitoring and disaster recovery systems.