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Risk Management Strategy


Opportunity and risk come in pairs

Risk Management Strategy

A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk or uncertainties followed up by minimizing, monitoring and controlling the impact of risk realities or enhancing the opportunity potential by applying coordinated and economical resources.

Risk management is essential in any business. It lays foresight for returns on investments and projects all potential backlash a company could face by starting a new (or even routine) endeavor.

It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken. A risk management strategy can be developed and implemented by even the smallest of groups or projects or built into a complex strategy for a multi-site international organisation.

The process of identifying and reviewing the risks that you face is known as risk assessment. By assessing risks you are able to be actively aware of where uncertainty surrounding events or outcomes exists and identifying steps that can be taken to protect the organisation, people and assets concerned. How this is achieved and the level of detail which is considered can vary between organisations. In many circumstances, where staff or volunteers have a more hands-on role in the organisation, the Management Committee may not carry out the risk assessment themselves.

Risk Responses:
Management selects a risk response strategy for specific risks identified and analyzed, which may include:

  • Avoidance: exiting the activities giving rise to risk
  • Reduction: taking action to reduce the likelihood or impact related to the risk
  • Alternative Actions: deciding and considering other feasible steps to minimize risks
  • Share or Insure: transferring or sharing a portion of the risk, to finance it
  • Accept: no action is taken, due to a cost/benefit decision


Monitoring is typically performed by management as part of its internal control activities, such as review of analytical reports or management committee meetings with relevant experts, to understand how the risk response strategy is working and whether the objectives are being achieved.

Risk Management Process

Common challenges include:

  • Identifying executive sponsors for ERM.
  • Establishing a common risk language or glossary.
  • Describing the entity's risk appetite (i.e., risks it will and will not take)
  • Identifying and describing the risks in a "risk inventory".
  • Implementing a risk-ranking methodology to prioritize risks within and across functions.
  • Establishing a risk committee and or Chief Risk Officer (CRO) to coordinate certain activities of the risk functions.
  • Establishing ownership for particular risks and responses.
  • Demonstrating the cost-benefit of the risk management effort.
  • Developing action plans to ensure the risks are appropriately managed.
  • Developing consolidated reporting for various stakeholders.
  • Monitoring the results of actions taken to mitigate risk.
  • Ensuring efficient risk coverage by internal auditors, consulting teams, and other evaluating entities.
  • Developing a technical ERM framework that enables secure participation by 3rd parties and remote employees.

Our experts partner with clients on corporate planning, providing perspective not only on immediate value and impact, but on long-term implications. We work closely with management and other advisers to leverage and complement their knowledge and ensure maximum impact, and actively support implementation and skill building.

Featured Experts - Enterprise Risk Management

Senior multi-disciplinary corporate and finance professionals with diverse geographic, sector and transaction focuses
Kieran Bourke
Kieran is a Financial Risk Management expert with 25+ years of broad global Financial Services experience across Market, Traded Credit, Operational, Regulatory, and Enterprise Risk Management protocols across 4 continents. He was a Managing Director at Standard Chartered Bank at London & Singapore, where he established the commodities market risk function from scratch.

Kieran
Bourke

Advisor Risk Management
Singapore


Mike Kemball
Mike is a sales transformation expert with 30+ years as an accomplished interim Sales Director and Managing Director in 15+ organisations across Telecom, Technology and Industrial sectors in Europe, India, Africa and the Middle East. Client companies and subsidiaries managed were typically $10m - $300m in revenue with sales teams from 10 up to 250 people.

Mike
Kemball

Partner Turnaround and Growth
London


Craig Tingle
Craig is a board-certified real estate attorney with 25+ years of legal experience and has closed billions of dollars in transactions. His expertise includes: shopping centers, shopping malls, apartment buildings, assisted living facilities, subdivisions, medical campuses and portfolios acquisitions of each of these.

Craig
Tingle

Partner Real Estate
Florida and Dubai


Nav Kaplish
Nav is a seasoned business and technology executive with 18+ years of global corporate and entrepreneurial experience in building and managing digital teams and in leadership roles spanning Governance, Risk & Compliance, Audits and conceptualisation and delivery of Blockchain products.

Nav
Kaplish

Partner Digital, Blockchain & Risk
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Freddie Tshiaba
Freddie Tshiaba is a senior business leader with 20+ years of significant experience helping investment banks, financial institutions, enterprise software companies and multi-national corporates with strategic initiatives, business development, digital transformation, product management, liquidity risk and treasury management.

Freddie
Tshiaba

Partner Corporate Finance
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Priya Shah
Priya is a senior finance executive with 17+ years of global experience in top tier banks and private equity firm advising C-suite and Board members towards multi-million dollar projects across sectors, corporate strategy, corporate turnaround, M&A, investment appraisals, deal structuring, corporate finance, valuations, risk management, iquidity management and stress testing.

Priya
Shah

Partner Private Equity
London


Preethi Hari
Preethi is a versatile senior-level corporate professional with 18+ years of experience in Risk Management, IT Governance, IT Security, Business Continuity, Audits, Compliance and Regulatory. She specialises in COBIT/ COSO framework, ITSM (ITIL), 6-Sigma, SOX etc in Banking, Insurance, Oil & Gas, Shipping, Mining, Logistics, Telecom and Commercial Real Estate.

Preethi
Hari

Partner Risk Management
London


Chennakeshav (Keshav) Adya
Chennakeshav (Keshav) is a seasoned business, marketing and technology executive with 20+ years of global corporate and entrepreneurial experience in building global companies from a concept and in leadership roles spanning M&A execution, deal origination, marketing, brand-building, market research and technology delivery.

Chennakeshav
(Keshav) Adya

Managing Partner Corporate Finance, M&A, Growth
Dubai & London


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