Risk Management Philosophy

Risk Management Advisors believe that risk management should reflect the corporate culture of the Institution, provide insight into the business decision process and clarity of management effectiveness.

To be effective the risk management organization should be independent of the business organization and provide:

                   Increased clarity to business decisions,

                   Improved communication on Business Economic and Financial risks

                   Independent Oversight of Business Strategy

                   Corporate Governance

 

Risk Management Advisors employ a Client Team Approach rather than the more usual outside consulting team. Clients assemble a project team of professionals who would work jointly with a Risk Management Advisor. The team jointly develops the recommended approach by analyzing the risk management infrastructure, implementing a comprehensive methodology, and proposing suitable controls to address the total risk profile of the client.

We find that this approach is not only more cost effective for the Client, but it also provides the best motivation and involvement for the Client's resources. We also actively involve the Senior Management and the Board in all stages of the project. This approach has excellent educational benefits, and we believe insures the long term success of the project.

This approach is suitable for those firms that are committed to a major review and restructuring of their risk management process and have the resources available but lack the expertise internally to ensure the timely implementation of the project.