Organisations face challenges with the ever-increasing complexity, range and severity of risks facing the business. An effective Enterprise Risk Management (ERM) framework provides a level of comfort that risks are identified and managed/ mitigated on a timely basis, helping smooth any impact from risks and events that would otherwise cause significant disruption to the business.
How we can help
KPMG assists organisations to establish effective ERM practices and systems and with providing a health check that your ERM framework and Risk function are operating in a manner that aligns well to market practices. In working with organisations, KPMG deploys a proven global ERM methodology. Organisations are able to access a core team of ERM professionals supported by appropriate industry and technical practitioners and a sophisticated knowledge management system.
Our experienced team is also able to help with benchmarking your ERM and Risk function against good practices, bringing practical insights on areas for improvement to leading practices and ideas that are proportionate and practical to implement. We help clients to:
- Conduct enterprise risk assessments;
- Conduct a maturity assessment of the ERM and Risk function’s capabilities and leverage our extensive experience to compare against industry benchmarks;
- Develop practical plans for attaining risk management objectives and recommending improvements on how the ERM framework and your Risk function could develop its approach and practices.