Risk Management Consulting
 

Enterprise Risk Management (ERM) Solutions

Our experienced team can help you gain greater confidence in strategy and enhanced organisational resilience

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Effective enterprise risk management practices from expert consultants at a strategic and operational level

Organisations are operating in an increasingly complex environment with constant threats to their strategic objectives from cyber threats, Brexit, regulatory changes and socioeconomic factors such as the consequences of COVID-19.

An effective and trusted enterprise risk management process is critical to organisational and stakeholder confidence and decision-making, and crucially, one that provides as much as possible the information required to identify emerging risks.

We partner with your first and second lines of defence to embed effective enterprise risk management practices in strategic and operational decision-making. Risk management should add value to organisational processes and activities and not just be a cost.

We assist assurance functions e.g. internal audit teams (third line of defence) and oversight bodies including boards and their committees to discharge their responsibilities effectively.

Whether designing or implementing risk management frameworks or enhancing existing ones, we partner with management to ensure effective and sustainable ERM processes.

 Why choose us

  • Tailored solutions: Xcina offers customised, value-driven services designed to meet each client’s unique needs and ensure their well-being as they navigate regulatory and technological changes.
  • Partnership approach: Xcina acts as an extension of their client’s teams, fostering deep, long-term relationships and delivering solutions that align with client goals.
  • Highly experienced team: Each consultant has over 10 years of experience and has held senior or executive roles, bringing multi-disciplinary expertise and agility to every project.
  • Commitment to ethics: Xcina promotes an ethical culture, maintaining high standards of transparency, objectivity, and honesty in all client engagements.

5 Reasons to consider enterprise risk management solutions

Firms managing risks professionally will allocate resources more efficiently, meet regulatory requirements, gain access to specialist skillsets and address independence concerns.

We support management teams in organisations with:

1. Enterprise Risk Management (ERM) Framework Design and Implementation

We work with management to design a pragmatic enterprise risk management framework suitable for the organisation that also addresses key stakeholder requirements.

two people working

a team meeting

2. Risk Framework Review and Remediation

We assess compliance of risk management frameworks with relevant standards and approaches e.g. ISO31000 and COSO 2017 Enterprise Risk Management – Integrated Framework, and develop and implement remediation activities to address any identified gaps.

3. Execution

Working with management, we assess the effectiveness of the organisation’s risk management activities such as alignment to business strategy and risk appetite, internal controls testing and governance and oversight.

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4. Risk Capability Augmentation

We second staff to work with organisations to address any headcount or capability requirements over a short period. This provides effective stop-gap measures whilst developing internal capabilities.

5. Enterprise Risk Management Training

We develop bespoke risk management training programmes for clients, delivered by certified and experienced risk management professionals.

Enterprise Risk Management

Increasing assurance and confidence with our ERM consulting services

  • Deliver greater confidence in the business strategy from investors, rating agencies, s166 Skilled Persons firms, organisations performing due diligence, regulators, and other stakeholders alike.
  • A clearer understanding of the principal and emerging risks that the business is taking to achieve its goals
  • Enable keener insights into the risk and reward relationship enabling more robust challenge by oversight bodies and better decision-making.
  • Establish trust, respect, and confidence in business operations through robust risk governance and oversight.
  • More efficient and informed allocation of resources due to a better understanding of the risk profile of the organisation.
  • Alignment of business and management objectives with regulatory requirements e.g., SM&CR on personal accountability for senior managers.
  • Comply with Principle O of the UK Corporate Governance Code 2018 – “The board should establish procedures to manage risk, oversee the internal control framework, and determine the nature and extent of the principal risks the company is willing to take to achieve its long-term strategic objectives.”
  • Clearer assignment of accountabilities and responsibilities for embedding risk cultures, as well as implementing and operating internal controls.
  • Enhance business resilience due to a greater ability to anticipate, withstand and respond to change or disruption.
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Our approach to enterprise risk management

a team chatting

  • Our risk management consultants are leaders in designing and implementing pragmatic and client-appropriate ERM frameworks.
  • We tailor our approach to the intended outcomes of each client, ensuring that your business derives the greatest possible value from leading ERM risk management practices.
  • We take an integrated approach to risk management, working with the First, Second and Third Lines of Defence, to enable a holistic assessment of risks and provide solutions appropriate to your circumstances.
  • We distil the requirements of key risk management frameworks including ISO 31000, ISO 27001, COSO 2017 Enterprise Risk Management – Integrated Framework, and The Risk Coalition’s Raising the Bar principles, to develop approaches that are right for you.

Gain confidence and clarity. Take the next step ...

 

 

 

Enterprise Risk Management Brochure

 

What our clients say

We were very pleased with the way that Xcina Consulting engaged with us from the very start to understand our business and our requirements for the review of our emerging risk management framework that needed to be carried out. Their knowledge, expertise and engagement with the risk team ensured that the revised framework reflected current thinking in emerging risk management, was tailored to our requirements, aligned with the business’ strategic objectives, and provided a robust basis for the effective governance and oversight of emerging risks by our senior management team. XCL’s assistance has helped move the emerging risk management at BUPA Global forward.

Simon Parrott, Head of Risk Strategy – Bupa Global

Discover how we have supported organisations like yours >>

Case Studies

Read how our risk management consulting, auditing and assurance services are helping organisations like yours meet their objectives with increased confidence.

 

Risk Reporting Framework for Global Insurance Organisation

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Operational Process Review for Financial Services Company

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Controls Assurance Audit (ISAE 3402 & SSAE 18 Type II) for SaaS Company

Pragmatic enhancements to develop controls, governance and oversight framework.

Read more >>

If you’d like to know more about any of our services or have a question, then please let us know.

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News and Insights

 

Thought Leadership / Sep 2019

Evolving risks in digital financial services

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News & Blog / May 2020

THE SUNDAY TIMES – “How Risk Became a Live Issue”

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News & Blog / Mar 2020

Risks Workshop Training

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News & Blog / Dec 2018

The Financial Reporting Council (FRC) Revised UK Corporate Governance Code

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Podcast / Jul 2023

Shining a light on Risk Assurance

 

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