Risk in Reality - KPMG United Kingdom
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Risk in Reality

Risk in Reality

Emerging risk and technology risk can threaten company growth. We saw the need for a product that would address our clients’ capability in handling these risks.

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Director, Financial Services, People Consulting

KPMG in the UK

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Why did we develop Risk in Reality?

KPMG’s CEO Outlook (2018) found that:

  • 49% of global CEOs say that becoming the victim of a cyber-attack is a case of “when”, not “if” (39% in the UK)
  • Global and UK CEOs rank emerging/disruptive technology risk as the third highest threat to growth
  • 39% of internal economic crime and fraud is carried out by junior staff members in FS industries

It is clear that our clients consider emerging risk and technology risk as major threats to their growth. We saw the need for a product that would proactively address our clients’ capability in handling these risks.

What is it?

Risk in Reality is an exciting product developed to support those in Financial Services as they navigate the world of risk. The outcome is a population well equipped to manage and mitigate risks as they occur. How do we achieve this? By immersing participants in a powerful, memorable learning experience that enables them to engage with content in a stimulating way. The content itself combines our expertise in industry and market knowledge, risk climate, learning theory, and technical coaching, providing a holistic solution.

The immersive experience

The format and principles of Risk in Reality can be scaled to suit board level and middle management. Content can focus on current or emerging risks, depending on client requirements. Examples of risks covered include: cyber, financial crime, tax evasion and cryptocurrency. In the scenario, participants will also engage with wider geopolitical trends, locating these risks and challenges within their broader context.
The scenario is hyper-realistic in nature, mirroring the in-person and digital interactions that participants would face, should these scenarios occur in their businesses. It is designed to keep participants on the edge of the panic zone throughout, ensuring maximum impact for their learning.

 

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