Enterprise risk management

Embed a risk management culture into your business strategy.

Companies around the world are placing greater emphasis on managing risks in response to rising demands from stakeholders. Effective enterprise risk management requires a robust, organisation-wide identification, monitoring and reporting process. Our team draws on their broad industry experience to help clients embed risk management into their corporate culture.

Our approach

Companies today face pressures from every angle. Tighter regulation, increasing legal requirements and a complex and risky marketplace mean that there is often little room for recovery if things go wrong. As a result, there is a desire to avoid unwanted surprises by managing risks before they develop into problems.

We work with companies to integrate risk management practices into their business that help prevent unwanted outcomes while also supporting long-term objectives. Our team of specialists offers broad industry experience and deep insight that will help you to place risk management at the heart of your strategy so you can take calculated risks that add value, while side-stepping those that threaten your organisation.

We help clients work towards continuous improvement. Risk mapping allows organisations to:

• Collect and analyse feedback from the field;
• Obtain a reliable analysis of the company's strengths and weaknesses;
• Implement action plans to mitigate risks and, whenever possible, draw up an inventory of the measures (such as insurance, outsourcing or internal control) to manage the major risks identified;
• Create a strategy for risk management and improving economic performance;
• Establish a culture of effectively managing and controlling activities;
• Ensure regular reporting.

Risk mapping is a management tool for growth and protecting activities which is shared and leveraged by management and business line departments.

When you work with Mazars, we will help you:

• Configure your risk management function and processes for a sustainable risk management programme;
• Identify and map major risk;
• Assess your organisation's risk capabilities;
• Support in the choice of a governance, risk and compliance tool.

In today's dynamic business landscape, the spotlight on risk management has never been brighter. Organizations worldwide face mounting pressures to navigate an increasingly complex and uncertain environment. At Mazars, we understand the critical importance of embedding a resilient risk management culture into your business strategy.

The evolution of risk management from Traditional Risk Management (TRM) to Enterprise Risk Management (ERM) underscores the need for a holistic approach. Drawing on industry standards like ISO 31000, we collaborate with clients to fortify their risk management processes. Our team offers comprehensive risk analysis and mitigation strategies, encompassing compliance risk management, credit risk assessment, and liquidity risk management.

Navigating regulatory landscapes is a cornerstone of effective risk management. From ICAAP and ORSA requirements to Pillar 1 mandates, our expertise ensures compliance with regulatory frameworks. We guide organizations through COREP/FINREP reporting obligations, enabling them to mitigate regulatory risks and enhance transparency.

Continuous improvement lies at the heart of our risk management ethos. Through rigorous risk mapping exercises, organizations gain insights into their strengths, weaknesses, and strategic vulnerabilities. By implementing action plans and fostering a culture of effective risk management, organizations lay the foundation for sustainable growth and resilience.

At Mazars, we are committed to empowering organizations to embrace risk as a catalyst for innovation and strategic decision-making. Our team of seasoned risk advisors collaborates closely with clients to configure sustainable risk management programs tailored to their unique needs. By embedding a risk-resilient culture into your business strategy, you can navigate uncertainties with confidence and achieve long-term success.