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Risk Strategy Consulting
Elite Strategies will customize a risk program to suit your organizational needs. Examples of professional services provided are listed below, along with a sample of questions we can answer together:
- Establish proper governance structure
- What should be in an ERM Policy?
- Do we need a board risk committee?
- Identify and evaluate key risks
- Which risks are keeping you up at night? Are these the right ones?
- Who owns the key risks?
- Define and embed Risk Appetite
- Which risks do you want? How much?
- What is the maximum risk-taking tolerance across the organization?
- Are you prepared for plausible adverse scenarios?
- How does your Risk Appetite translate to your day-to-day operations?
- Are you within y our risk tolerance at a given point in time?
- Develop risk reporting
- What do management and the board need to see?
- How is risk reporting different from other management reports?
- Establish emerging risks program
- Are there new or evolving risks that you should be concerned about?
- Embed risk into Strategic Plan
- Are all key risks addressed?
- Do you have synergies or offsets between risks you could leverage?
- Enhance risk culture
- Do you align compensation with risk?
- Is risk-based decision making integrated across the organization?