1. Define risks
We work with you to specify your risk management objectives, your risks and their materiality, your risk controls and their reliability, and improvements to your risk management system.
We also work with you to understand and record problems that should have been prevented or curtailed by your risk management system but were not, and your plans for improvements to be made in response, if any.
This is a low-cost high-value service for businesses wishing to reduce and simplify the management load in key risk management processes.
2. Track risks
We construct and maintain a risk register that captures and tracks your risk parameters.
Your risk register is tailored to your needs and risk management objectives and meets best practice standards.
We also maintain for you a "risk events" database – records of risk management and compliance problems you’ve identified and want recorded, and any remediation work undertaken in response.
We work with you to update all relevant information each time a material change occurs or new information becomes available.
3. Report risks
Every quarter we provide you a report based on the information held in your risk register and risk events database.
These quarterly management reports are aimed at providing visibility of highly rated risks and challenges faced by the risk management system. They are tailored to your reporting needs.
Furthermore, you will always be able to interrogate for yourself the most up-to-date copy of your risk register and risk events database.