The Methodology
Step 1: Assess your current functional and business state, functional and risk management strategy, policy and process
Step 2: Identify future state functional and risk requirements and industry best practices
Step 3: Perform gap analysis and implement the product / solution / consulting based product to achieve best practices for robust business practices
The risk management inherent in various line of business and products in the financial services needs much closer look at the importance of risk identification, risk assessment and risk reporting.
Evolving market and business require attention to enterprise risk such as governance and risk oversight, compliance, liquidity risk, and default correlation in addition to market risk management, credit risk management, and operational risk management.
At present, most in-house risk assessment model are based on day-to-day challenges to meet the requirements of economic and regulatory capital adequacy rather than business opportunity cost.
The need for effective risk assessment, risk model, and risk reporting or the absence of the same, emerges from many global survey. The risk is well accepted in the industry as costs that relates to capital adequacy and capital / reputation loss but not as value creator to organization. If risk culture in an organization speaks about value creation and performance, the risk model needs to incorporate it as well. This area has been neglected by many global market players and it requires immediate attention.
By collaborating with RIKMA, you may be able to achieve your business objectives,reduce your business risk and capital cost, and protect yourself against loss of revenue, profit and reputation.
We have worked with leading organizations to conceptualize and implement management solutions and also can help you on achieving your objectives.
Step 2: Identify future state functional and risk requirements and industry best practices
Step 3: Perform gap analysis and implement the product / solution / consulting based product to achieve best practices for robust business practices
The risk management inherent in various line of business and products in the financial services needs much closer look at the importance of risk identification, risk assessment and risk reporting.
Evolving market and business require attention to enterprise risk such as governance and risk oversight, compliance, liquidity risk, and default correlation in addition to market risk management, credit risk management, and operational risk management.
At present, most in-house risk assessment model are based on day-to-day challenges to meet the requirements of economic and regulatory capital adequacy rather than business opportunity cost.
The need for effective risk assessment, risk model, and risk reporting or the absence of the same, emerges from many global survey. The risk is well accepted in the industry as costs that relates to capital adequacy and capital / reputation loss but not as value creator to organization. If risk culture in an organization speaks about value creation and performance, the risk model needs to incorporate it as well. This area has been neglected by many global market players and it requires immediate attention.
By collaborating with RIKMA, you may be able to achieve your business objectives,reduce your business risk and capital cost, and protect yourself against loss of revenue, profit and reputation.
We have worked with leading organizations to conceptualize and implement management solutions and also can help you on achieving your objectives.