Risk Management
Risk Management Services
Effective risk management is an ongoing and dynamic process that requires a proactive and strategic approach. Identifying, assessing, and mitigating potential risks to an organization ensures the achievement of its objectives and protects its assets. Embedding risk management into a business’s culture, priorities, and decision-making processes can enhance its resilience and adaptability to uncertainties. We provide comprehensive enterprise risk management services geared toward identifying, assessing, and mitigating potential risks to businesses. We work with clients to create risk management strategies, standards, policies, and plans.
Scope of Service
Policy Development
Create risk management policies outlining the client’s approach, objectives, and responsibilities for key areas of risk.
Define Risk Tolerance
Clearly articulate the level of risk the organization is willing to accept.
Risk Categories
Identify and categorize risks, such as strategic, operational, financial, compliance, reputation, etc.
Risk Registers
Develop and maintain a risk register to document identified risks and prioritize them based on their potential impact and likelihood.
Scenario Analysis
Conduct scenario analyses to understand the potential outcomes of different risk events.
Risk Management
Take actions to eliminate, transfer (e.g., through insurance policies), avoid, or reduce the impact or likelihood of identified risks.
Contingency Planning
Develop contingency plans for managing risks if they materialize.
Risk Indicators & Reporting
Establish KRIs, related visual dashboards, and regular reports to monitor and effectively communicate risk information, the status of potential risks, identified risks, mitigation efforts, and emerging threats.
Crisis Response Plan
Develop a crisis management plan that outlines the steps to be taken in the event of a significant risk occurrence.
Communication Plan
Develop contingency plans for managing risks if they materialize.
Employee Training
Provide training programs to enhance risk awareness among employees.
Cultural Training
Integrate a risk-aware culture into the organization's values and practices.
Board Oversight
Ensure the board of directors is actively engaged in overseeing and approving the organization's risk management approach.
Risk Committee
Establish risk committees or designate responsibility to specific roles for effective governance.
Our Guiding Principles & Customer-Centric Approach
We work with our clients to understand their risk management goals in order to provide a tailored solution. The key steps in our process are:
Define Objectives
Determine and define the objectives and scope of services required based on an initial assessment of the client’s business, objectives, and areas of perceived risk.
Customize Solution
Customize the engagement plan and provide the client with a commercial proposal, including the specific deliverables for each scope of services required (including the timeline).
Negotiation & Contracts
Complete the negotiation and legal contracts for the work to be performed.
Onboarding & Implementation
Client onboarding and work commencement, including one-time, recurring, or ongoing activities.
Provide Deliverables
Provide agreed deliverables to the client.
Get in Touch with
Our Experts
- +971 50 146 8999
- [email protected]
- Shams Business Center, Sharjah Media City Free Zone, Al Messaned, Sharjah, United Arab Emirates
