Enterprise Risk Management

RML-Enterprise-risk.jpgAs senior managers in financial services firms continue to face market and business volatility impacted by a wide range of external and internal factors, the risk management discipline and function is being subject to intense scrutiny by regulators and by all stakeholders. These forces have led to a growing emphasis on Enterprise Risk Management or ERM. ERM is an integrated approach to identifying, assessing, managing and monitoring risk in way that maximizes business success.

All regulatory authorities have issued regulations and supervisory bulletins that require active board and senior management oversight on enterprise risk. In addition to a continuing focus on adequate policies, procedures and limits, firms must have an active risk management culture along with monitoring and information systems that support strong internal controls and timely response to risk issues.

All financial services firms face the following broad risk categories:

  • Credit Risk
  • Interest Rate Risk
  • Liquidity Risk
  • Operational Risk
  • Reputation Risk
  • Strategic Risk
  • Legal, Compliance & Regulatory Risk
  • Price Risk

Risk_Gray.pngBecause we understand these risks and have managed through them in highly volatile markets, we are able to help clients create a culture for effective risk management together with the supporting policies, procedures and internal controls. Some of our recent projects include:

  • An independent diligence and risk assessment report for vendor to provide to clients in order to support their vendor management requirements
  • Developing and implementing a complete vendor management process for lenders without increasing fixed costs
  • Providing strategic and operational counsel for mortgage bankers
  • Providing transactional support for mortgage banking investment transactions
  • Enhancing strategic sales strategies for a specialized vendor focused on lending services

For additional information a confidential conversation about creating possibilities, call

Regina M. Lowrie, CMB
610-960-3748 or contact us via email