Risk Management: Services Overview

There is a need for identifying, assessing, managing and monitoring the organization’s business opportunities and risks in an integrated and transparent way.

Risk management has been a function within the finance departments of some organizations for many years. However, Enterprise Risk Management as a strategic, tactical and operational instrument to enhance and protect shareholder value while fulfilling regulatory obligations is a recent development in leading businesses according to Accenture’s recent High Performance Business research.

Enterprise Risk Management is a process, or framework, an organization can implement to come to a reasonable certainty that its strategic and derived operational (efficacy and efficiency of processes), reporting (reliability) and compliance (laws and regulations, codes of conduct) goals are achieved. Accenture’s Enterprise Risk Management enables an organization to change from a fragmented and compartmentalized risk management solution to one that is strategic in overall scope, viewing controls and risk initiatives in a coherent framework, thereby enhancing decision making and analysis to support growth and high performance.

Accenture's Risk Management services help organizations elevate risk discussions to a strategic level and embrace two critical facets:

• A preventative, control-based aspect focusing on negative events, loss prevention and risk mitigation.
  
  
• A strategic, entrepreneurial aspect focusing on aligning risk and reward in pursuit of business advantage.

Related Research & Insights:

• Managing Risk for High Performance in Extraordinary Times: Report on the Accenture 2009 Global Risk Management Study
  
  
• The Changing Role of the Finance Organization in a Multi-Polar World: Accenture High Performance Finance Study 2008

Accenture’s Risk management allows entities to gain higher economic returns, improved shareholder value and increased stakeholder confidence by:

• Protecting and increasing economic value using risk-adjusted performance management methods and tools, and by applying economic steering principles.
  
  
• Proactively protecting shareholder value against the adverse impact of business disruption at any scale (business resilience).
  
  
• Fulfilling compliance requirements cost-efficiently and improving risk management capabilities with immediate impact on ratings and shareholder value, and implementing effective risk governance and operating models supported by an integrated risk and finance architecture.
  
  
• Accenture’s Risk Management solutions focus on transforming the risk management function from a series of isolated transactions to one of strategic scope and importance. With Accenture’s guidance, an organization can break away from the fragmented and compartmentalized risk management solutions already in place by elevating risk discussions to a strategic level and embracing two critical facets:

• Preventative, control-based aspect focusing on negative events, loss prevention and risk mitigation.
  
  
• Strategic, entrepreneurial aspect focusing on aligning risk and reward in pursuit of business advantage.

Accenture’s Risk Management solutions encompass aspects of the entity, including investment, finance and operating decisions to help your business achieve high performance.

Using the Enterprise Risk Management Framework, Accenture can help organizations define the role of risk management within the company, among three main focuses:

• Compliance with regulatory obligation.
  (Basel-II, SOX, Solvency-II, etc)
  
  
• Protect shareholder value.
  (Risk profile aligned with risk appetite; cost-effective RM model.)
  
  
• Enhance shareholder value.
  (Consider risk and return on business investments; portfolio view.)

By identifying, assessing, managing and monitoring the organization’s business opportunities and risks in an integrated and transparent way, Accenture can help your organization achieve high performance.