Businesses face a vast landscape of uncertainties including the climate crisis, the constantly changing economic environment, geopolitical instability, changing consumer preferences and expectations as well as technological and digital disruption.

To be both agile and resilient businesses must have a robust understanding of their risk landscape and how to manage it. Effective risk management should also provide the critical insights that help drive strategic and commercial decision-making that helps you grow and protect your business.

When working with us, you can expect a view of risk management that is strategic, holistic and integrated. We do not focus solely on the downside of risk and work with you to identify the opportunities arising from your risks.

Enterprise Risk Management

Applying our enterprise risk management (ERM) and risk transformation approach, we will tailor an end-to-end risk service and solutions tailored to your vision, objectives and levels of risk management maturity. We can support you whether you are looking for best-in-class risk solutions or simply want to enhance and improve existing systems. Our main goal is to ensure that risk management enables and supports the success of your commercial realities and organisational culture.

From the earliest stages of program development to the maturity of existing initiatives, BDO can help you implement effective enterprise risk management programs and focus your organization on new possibilities.

We’ll also provide innovative solutions that allow you to remain financially secure, enhance the performance of your business, improve your reporting capabilities, and advance shareholder value—all while reducing your vulnerabilities.

How we can help you with risk management

Our ERM and risk transformation team has deep and broad experience of designing, embedding and assuring effective risk management approaches. You will benefit from working with a team that understands the markets and industries you operate in and the challenges and risks you face locally and abroad.

You can work with us to:

Assess and evolve existing approaches to risk management through risk maturity assessments, risk vision and strategy, guiding principles, strategic C-suite workshops, risk target operating model design and risk roadmaps

Understand your risk appetite and drive cultural and/or mindset changes
Provide coaching and knowledge transfer to your management teams and Boards
Design and implement risk management frameworks, target operating models and methodologies that meet the requirements of regulators and wider stakeholders
Design and implement practical, cost-effective, and fit-for-purpose ERM solutions specific to your needs and operating model
Address all areas of risks across your business: governance, service delivery, processes, people and technology
Make sure your risk management practices remain current and effective in changing environments and continue to support your strategic objectives
Transform your approach to risk management to drive better business outcomes

Tailored Risk Management to Protect Your Enterprise

Every organization has risk, but not every organization is set up to build resilience. Whether you’re just starting out or reevaluating your existing ERM strategy, we meet you where you are. We don’t believe in a one-size-fits-all solution to managing risk. That’s why our Risk Advisory professionals tailor our approach to meet your needs, goals, and timeline.

We work with your team to break down silos and build a mature and sustainable risk management program. We bring the tools and experience to help you identify, prioritize, and manage risk on an ongoing basis – all with the confidence that your risk-informed strategy is not only compliant, but as effective and efficient as possible.

In almost every risk there is also opportunity – the opportunity to build resilience, catalyze innovation, and unlock value. Integrating risk management into overall business strategy enables your organization to succeed and take the risks worth taking.

How We Work With You

Enterprise risk management exists at the intersection of strategy and risk. Our cross-functional team takes an integrated view of Enterprise Risk Management across several dimensions. We help your team unlock value by building a risk-informed business strategy that:

Protects your organization from harm
Catalyzes innovation
Streamlines processes and manages costs (ultimately, unlocking value)
Builds resilience and sustainability