Enterprise risk management (ERM) enables organizations to look beyond immediate imperatives and understand the likelihood of occurrence and impact of various risks. ERM better prepares organizations for uncertainties and volatility, thereby safeguarding their vital interests.
FMD K&L’s enterprise risk management services include:
- Risk identification: Identify risk through primary & secondary research, train on risk concepts, review & prioritize risks, formulate response for posted risks
- Risk aggregation: Record all identified risks, generate risk analytics/trends & maintain response library for both historical & foreseeable risks
- Risk governance: Risk categorization, mitigation plan tracking, closure & record maintenance for audit purposes
- Risk awareness & communication: Risk awareness campaigns & trainings, timely risk communications & alerts, best practices documentation & periodic policy update