Risk and Regulatory Management for Financial Services

The ongoing crisis in the financial services industry, fueled by the subprime crisis in the United States, means that banks have lost hundreds of billions of dollars in value.

Therefore today’s leading Chief Risk Officers (CROs) are becoming more aware of their role in creating business value for their companies, not just fulfilling compliance requirements. Risk management is on the move—out of the tactical realm of measurement and into the strategic realm of value creation. At a time of fluctuating economies, rapid globalization, fierce competition and escalating risks, the ability to create value—to achieve superior financial results consistently over time—can be a competitive differentiator.

Accenture believes that transformation should not be limited to new technology, analytics or risk models but should include the right operating model to support risk management across product lines and business units. Accenture has developed a set of services to help clients develop effective risk-management strategies to support the drive to achieve high performance.

Related Client Successes

• Major North American Bank: Risk and Regulatory Management
  A novel, technically advanced solution to address Basel II requirements
  
  
• Leading UK Financial Services Group: Risk and Regulatory Management
  Meeting risk and regulatory requirements for cross-border payments in five months
  
  
• North America-based Global Investment Bank: Risk and Regulatory Management
  Accenture created an automated web-based system for compliance processes

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Accenture Risk Management transforms the risk function from a series of isolated transactions to an integrated, strategic endeavor that encompasses investment, finance and operational decision making. With Accenture’s help, companies can employ risk management as a competitive differentiator to create value while also protecting the interests of shareholders and other key stakeholders in a cost-effective manner.

Related Research & Insights

• Managing Risk in Extraordinary Times: Strategy for High Performance
• The G-20 Summit and Beyond: How to Address the Emerging Regulatory Climate

Accenture’s risk and regulatory services offers a wide spectrum of services that help banks comply with regulations, protect shareholder value and leverage risk as a competitive differentiator.

• Compliance Efficiency: Accenture supports compliance programs with a combination of methods, process templates, pre-configured data models and leading practices ranging from operating model definition to large-scale solution delivery.
  
  
• Risk Governance and Control Enhancement: We have cross-industry experience in helping clients define and implement broad risk governance frameworks that cover both financial and non-financial risk management. We also provide diagnostics and tools to target and improve poor data quality, a critical challenge facing financial services firms.
  
  
• Risk/Reward and Efficiency Optimization: Optimizing the balance between risk and reward links risk and profitability objectives to improve strategic capital decisions and increase shareholder returns. Our approach embeds risk/reward optimization into the business, as well as the transaction and portfolio management processes, in order to meet long-term business goals.

Related Client Successes

• Major North American Bank: Risk and Regulatory Management
  We crafted a novel, technically advanced solution to address Basel II requirements
  
  
• Leading UK Financial Services Group: Risk and Regulatory Management
  In five months, we helped the client address risk and regulatory requirements for cross-border payments
  
  
• North America-based Global Investment Bank: Risk and Regulatory Management
  Accenture created an automated Web-based system for compliance processes