Financial Institution Practice

Many Financial Institutions do not have the appropriate Independent Risk Oversight at the Board level. This is not only a significant legal liability but Independent Risk Oversight is necessary to ensure that correct monitoring and communication of key risk issues is being provided to the board and to shareholders.

Risk Management Advisors LLC specializes in providing independent risk management oversight for many financial institutions, and has performed extensive Independent Management Reviews for Major Banks and Financial Institutions and assisted in the implementation of best practice.

Risk Reviews or 'Audits' cover all aspects of financial risk and have resulted in Senior Management recommendations that improve Corporate Governance, the Risk Organization and provide Performance Evaluation insights for the Organization and its Divisions.

Recommendations also improve Credit Analysis, provide key Exposure Insights, establish the basics for the design and implementation of 'Value at Risk' Systems and assist the Board with the Institution's Reserve Management.

When Partners are appointed as Independent Board members, we have a key role in establishing, participating in and / or chairing risk oriented Board Committees (i.e. Risk Management Committees, Strategic Planning, and New Business Committees) and ensuring that the Board is correctly informed not only on the risk profile of the Institution but also key business risks that are embedded in the organization.