Governance, risk management and compliance

Business and regulatory environments are complex and continually changing. This presents new risks and opportunities at an ever increasing rate. Risk management practices must be responsive and agile, and evolve with this changing landscape. They are at the core of sustainable businesses.

Organisations adept at risk management have a powerful competitive advantage. Over the long term, they can anticipate and mitigate risks, as well as take advantage of opportunities as they present themselves. For others, risk management remains a complex issue and deriving true value from investment in it continues to be a challenge.

We simplify and demystify this process for our clients. We focus on  a principles-driven view of risk management and its practical application. We ensure that organisational activities and decisions reflect risk appetite, applying industry best practice and proven methodologies.

Making best use of third-party vendors is a proven way for organisations to focus on what they do best — executing on their core business objectives. It can increase efficiencies, cut costs, lower operational risk and improve quality across functional areas. However, it can also create more risks and responsibilities which need to be understood and managed.

Organisations continue to increase their reliance on third parties to support their operations, including outsourcing higher-risk business functions. This is against a backdrop of increasing regulatory and wider stakeholder focus and scrutiny.

As ultimate accountability for these activities and decisions remains with the outsourcer, it is critical that appropriate processes, controls and governance are established.

We support clients to establish and enhance third-party risk and performance management. We help you derive value from the supply chain while meeting regulatory and stakeholder expectations.

Organisations do not operate in a vacuum. As the environment changes around them, so too must their internal controls.

An organisation's internal control environment is key to the effective risk management and mitigation. Companies must develop safeguards that limit their exposure to risk, while at the same time ensuring operational efficiency and delivering confidence to stakeholders and the public.

This involves using the best available tools and technologies, and understanding where enhancements to their process and controls environment can have a significant impact on performance and manage their exposure to risk.

 Technological enhancements are allowing us to:

• Understand risks through data-led insights;
• Monitor control effectiveness in real time; and,
• Reduce the cost of control optimising technology

Our team can support your business and ensure you have the appropriate control environment to manage and mitigate your risks.