Enterprise Risk Management service

Services
Enterprise Risk
Management

Define & assess Risk Management Frameworks to leverage opportunities and manage risks in a way to ensure achievement of business objectives

Organisations are surrounded by set of opportunities and risks emerging from both external and internal environments. It needs effective risk management tools to leverage opportunities and manage risks in a way to ensure achievement of its objectives.

With a well-defined risk management system, organizations

can take calculated risks and expand with less worry about what the future may hold.

Enterprise Risk Management (ERM) is the identification and assessment of collective risks affecting the value of an organization and the implementation of an organization-wide strategy to manage them.

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In addition to the practical requirement for a risk management framework at the workplace, the Companies Act and Clause 49 of the Listing Agreement make it mandatory for businesses to create and maintain Enterprise Risk Management framework along with periodic review and reporting.

Through our Enterprise Risk Management services, we offer solutions to ensure that all the present and future material risk exposures to your organization is identified, assessed, quantified and appropriately mitigated and managed. We offer three primary services as below :-

Design and Implementation of ERM Framework and Risk Management Process in your organisation:
ERM is an essential tool for your organisation to leverage its capabilities to manage risk and optimise yield from opportunities.
Pace offers a comprehensive end to end ERM Design and implementation package for your organisation by facilitating the Risk Owners, Chief Risk Officer, Audit Committee and Board in identifying, assessing and quantifying the internal and external risks in line with the COSO’s ERM Framework. We also assist in the preparation and implementation of Risk Mitigation plans.
Risk Management Review to assess effectiveness:
We conduct a comprehensive review of the Risk Management Process of your organisation and provide solutions to improve the effectiveness of risk identification process, risk reporting, and implementation of the risk mitigation measures approved by the management.
Define Risk Management Policy:
We assist organisation to define Risk Management Policy to help effective implementation, monitoring and reporting of the Risk Mitigation plans.
Benefits
✦ Fulfills certain mandates of the Companies Act 2013 and Clause 49 of the Listing Agreement
✦ Enhances Corporate Governance Structure of the Organization
✦ Improves confidence of the Board, Investors and Stakeholders
✦ Creates repository of risks related to business operations, strategic, treasury, IT, Supply chain, legal, regulatory, finance etc.
✦ Manage risks and capitalize on opportunities in line with the Risk Mitigation Plans
✦ Provides visibility on the risks & actions to minimize, avoid & transfer risks
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