As companies worldwide address their stakeholders' new demands to enhance how they manage risks.
As companies worldwide address their stakeholders' new demands to enhance...
As companies worldwide address their stakeholders' new demands to enhance how they manage risks, they are giving Enterprise Risk Management (ERM) new consideration. ERM services can help provide an organization-wide approach to the identification, assessment, communication and management of risk. The ERM framework addresses five risk elements: risk governance, risk assessment, risk quantification & aggregation, risk monitoring & reporting and risk & control optimization. KPMG can help facilitate & perform an enterprise risk assessment that identifies and assesses an organization's current risk inventory. We can also review and assess the current state of maturity of their risk management program, providing observations and recommendations for improvement.
What can KPMG do for you?
KPMG ERM Assessment and Implementation can help organizations:
Featured Success Story
The CEO and Board of major financial institutions requested an enterprise-wide risk management assessment, with leading capabilities. KPMG's GRC team performed an “as-is” assessment around processes, structure, governance, policies, and tools. It provided an ERM maturity assessment against peer companies and industry best practices, identified potential actions to close the performance gaps, estimated the required amount of effort & investment and debriefed the Board on the findings & recommended actions. After the assessment and realization of the ERM framework we implemented the ERM framework into the operations of the Bank.