Enterprise Risk Management (ERM) Solutions

Greater confidence in strategy and enhanced organisational resilience

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.

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Enterprise Risk Management Brochure

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:

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.

Enterprise Risk Management

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.

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.

Enterprise Risk Management

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.

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 ERM services

Deliver greater confidence in the business strategy due to a clearer understanding of the principal and emerging risks that the business is taking to achieve its goals, especially by investors, rating agencies, s166 Skilled Persons firms, organisations performing due diligence, regulators, and other stakeholders alike.
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 in order 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.
Enhancing business resilience due to a greater ability to anticipate, withstand and respond to change or disruption.

Delivering value and competitive advantage
with Xcina Consulting

Risk Management Processes

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 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 ISO31000, ISO27001, COSO 2017 Enterprise Risk Management – Integrated Framework, and The Risk Coalition’s Raising the Bar principles, to develop approaches that are right for you.

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

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

Get in touch >>

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Podcast / Jul 2023

Shining a light on Risk Assurance

Enterprise Risk Management (ERM) Solutions

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

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

Reasons to consider enterprise risk management solutions

Enterprise Risk Management (ERM) Framework Design and Implementation

Risk Framework Review and Remediation

Execution

Risk Capability Augmentation

Enterprise Risk Management Training

Increasing assurance and confidence with ERM services

Delivering value and competitive advantagewith Xcina Consulting

What our clients say

Case Studies

News and Insights

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Delivering value and competitive advantage
with Xcina Consulting