Enterprise Risk Management (ERM) | KPMG | OM

Enterprise Risk Management (ERM)

Enterprise Risk Management (ERM)

KPMG's ERM teams in the UAE have assisted large multinational businesses and public sector organizations to implement sustainable ERM initiatives.

KPMG's ERM teams in the UAE have assisted large multinational businesses ...

KPMG's Enterprise Risk Management Services (ERM) in the UAE can help an organization implement a sustainable ERM program by conducting an enterprise risk assessment, assessing current state of risk management practices, developing a practical road map to achieve desired state of risk management, transferring knowledge and providing training to ultimately support a successful ERM initiative.

Our ERM service is not a one-size-fits-all proposition — KPMG's methodology and framework in the UAE takes into consideration the varied maturity of organizations and applies a phased approach aligning to the organization’s culture and timeline. Our methodology acts as a guide to help our member firms’ clients to identify, help manage and communicate key risks, thereby providing an opportunity to formalize accountability and risk oversight responsibilities of the Board and other monitors (e.g. internal audit, compliance, SOX etc). It also allows companies to implement a sustainable program that continually achieves and maintains compliance and acts as a strategic, monitoring and reporting tool.

How KPMG can help

With wide experience gained from working across several industries, KPMG’s ERM teams in the UAE have assisted large multinational businesses and public sector organizations to implement sustainable ERM initiatives.

Implementing and enhancing ERM can help :

  • protect corporate brands and value proposition
  • meet stakeholder needs (e.g. regulatory compliance, more transparent communications, etc)
  • provide a useful strategic tool
  • embed risk and control awareness into decision making
  • prepare Board and management for surprises (i.e. emerging risks)
  • improve accountability among various levels of management and Board
  • rationalize the monitoring functions

Many corporate executives are under pressure to better understand the risks facing their organizations and how risks may affect corporate strategy.

Analyst ratings agencies and regulators are placing increased importance on ERM programs at the companies they follow. Our ERM services in the UAE are designed to provide a reliable framework to identify, analyze and monitor risks to meet the needs of stakeholders and make better informed decisions based on risk.

KPMG’s ERM offering in the UAE includes :

ERM Build Operate Transfer (BOT)
Business Risk Assessment

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