Enterprise Risk Management (ERM) helps organisations to manage risks, from strategy setting to culture to execution. It identifies and assesses risks to the achievement of goals and the effectiveness of current responses against strategic, operational, financial and compliance spheres.
ERM should reduce costs and improve governance, risk and compliance activities. It helps to evaluate the risk culture of the organisation and strengths and weaknesses associated with it.
ERM will align organisation risk strategies with performance and supports the development and implementation of risk transfer strategies.
NRCA consultants have the necessary qualifications and/or experience to assess, design and/or implement ERM capabilities.