RISK POTENTIAL
REVEALED
Since 2009, Accenture has conducted regular in-depth research on risk management focused on leading financial institutions worldwide. This year’s study looks at how the risk function is responding to the challenges while creating and capitalizing on new opportunities to drive value for the business.
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15 MIN READ |
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KEY TRENDS IN 2017
From the emphasis on crisis management in 2009, to today’s more integrated, fluid and maturing discipline, the latest research shows how the risk management function has made limited progress, with investment in three important dimensions.
Deep integration of risk across the business
19%
of respondents say that their risk management activities are coordinated across specific lines of business.
TWEET
THIS
Harnessing smart
technology
13%
of respondents say they are highly proficient at using Robotic Process Automation (RPA)
TWEET
THIS
Risk talent
redefined
69%
say a skills shortage in new and emerging technologies impedes the effectiveness of the risk function.
TWEET
THIS
THE CHANGING RISK LANDSCAPE:
PAST, PRESENT AND FUTURE
Since 2009, our research has mapped the evolution of risk management. We’ve witnessed technology’s growing influence, the integration of risk management across the organization and the changing profile of the risk professional. Yet despite progress, according to respondents surveyed in our 2017 research, barriers persist and the potential of the function and people remains untapped.
BE A RISK LEADER
Although facing challenges, the more effective risk functions have earned strategic influence in the organization and have been empowered to invest wisely in the overall development of the function. Analysis of the 2017 research reveals a number of distinctive behaviors among the most progressive risk practitioners.
Integrators
Operate effectively across multiple areas of the business, coordinating risk activities in a consistent way.
52%
are adopting a standardized model to manage market risk.
Smart Technologists
Adopt smart technologies, such as data analytics, RPA, cloud, with peer-leading efficiency and low reliance on legacy tools.
90%
have a cyber risk management function that can effectively support the IT function, by accurately reporting cyber risks to the board.
Multi-disciplinarians
Embed the right risk capabilities via a broad skills base and resources in key specialized areas.
59%
say they are responding to cost pressures by aligning management and employee skills with the changing needs of the risk function.
TAKE A CLOSER LOOK
While there are common global themes, the specific findings and priorities differ between sectors and across regions. Discover the key risk trends, behaviors and opportunities to unlock hidden value in your sector.
BANKING
ON BOLD MOVES,
SMART CHOICES
ON BOLD MOVES,
SMART CHOICES
See how banks are responding to risk challenges in a decade of disruption.
CAPITAL MARKETS
STANDING UP
TO SEISMIC CHANGE
STANDING UP
TO SEISMIC CHANGE
Discover how seismic change in capital markets is creating opportunities for risk professionals.
INSURANCE
WAIT AND SEE,
OR ACT NOW?
WAIT AND SEE,
OR ACT NOW?
Find out how insurers can drive disruption in their risk function,
rather than watch it happen.
MEET OUR LEADERS
Steve Culp
Senior Managing
Director,
Finance & Risk
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Philippe Guyonnet
Managing Director,
Banking
Finance & Risk
|
Adam Markson
Managing Director,
Capital Markets
Finance & Risk
|
Eric Jeanne
Managing Director,
Europe
Finance & Risk
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