The Risk Intelligence Program Methodology DOCX

Title	The Risk Intelligence Program Methodology
Author	Manh Manh
Pages	2
File Size	16.6 KB
File Type	DOCX
Total Downloads	10
Total Views	648

Summary

The Risk Intelligence Program Methodology is intended to align risk management related tools and approaches across functions and market offerings, but it does not replace them. References to tools and approaches from each of our functions are included, where appropriate, to aid in carrying out activ...

Description

The Risk Intelligence Program Methodology is intended to align risk management related tools and approaches across functions and market oferingss but it does not replace them. References to tools and approaches from each of our functions are includeds where appropriates to aid in carrying out activities described in the methodology. You can use the Risk Intelligence Program Methodology to: Formulate solutions that consider how we can assist the boards executive management and risk owners Scope risk related opportunities and leverage our extensive risk management capabilitiess enabling teaming across functions and market oferings Position our risk services as components of a broader risk management approach (i.e.s versus point solutions) Enhance quality and consistency in pursuits and engagement delivery Provide a common platform for on-boarding and training our risk professionals Focus innovation and avoid dissipating our expertise and resources on competing tools and approaches Benefits Improved ability to prevents quickly detects corrects escalate and respond to critical risk issues Reduced burden on business operations by standardizing risk management principless language and decision-making Reduced cost of risk management by improved sharing of risk information and integration of existing risk management functions A means to improve strategic fexibility for both upside and downside scenarios. Better risk- reward decisions by quantifying impact on value The ability to provide a "comfort level" to the board and other stakeholders that the full range of risks is understood and managed The ability to manage expected risk exposure within acceptable risk appetite Preparedness for rating agency's increased focus on risk management capability Guidelines The Risk Intelligence Program Methodology unifies Deloitte's approach to risk services and is refective of our Risk Intelligence platform. The methodology is intended to facilitate communication and delivery of governance and risk services in the marketplace. The activities and related Deloitte tools and approaches (collectively called methodology details) contained within the methodology are not exhaustives rather they are intended to be illustrative. The methodology details are intended for internal use only. Please note that they may not refect unique client circumstances and/or the capabilities of a specific member firms functions and/or market ofering....