Article
Staying ahead: How evolved is your approach to Risk Management modernisation?
Modernisation is a broad mandate that spans the way the governance, risk and compliance program is governed - the tools, technology, and analytics it uses, the number and nature of its connections to other parts of the business, the expectations assigned to it, and more. Resources an organisation devotes to keeping out of trouble have the potential to contribute far more than they traditionally have. The evolution of business adds new pressures for Chief Risk and Compliance Officers and their teams and new capabilities emerge that can help do more. For some organisations, across-the-board change is in order. Others may have evolved their programs already but stand to benefit from an update to particular capabilities.
How does your organisation measure up?
Take the below online maturity self-assessment to determine the basis maturity level of the Integrated Risk Management (Governance, Risk and Compliance as it was called previously) capabilities within your organisation:
- Spend less than 5-15 minutes answering questions about Governance & Organisation, Policy & Compliance Management, Enterprise Risk Management, Risk & Controls Management, Risk Reporting and Risk Advanced Analytics.
- As a result, you will receive feedback on your level of maturity in each of the assessment areas.
Start
Start
Results
Results
Congratulations
You have successfully completed the assessment and can find your results per assessment area below. Implementing an Integrated Risk Management program is not a simple task. Most Organisations build siloed functional programs first. Organisations that realize IRM is an opportunity to transform risk into a competitive advantage, or ones that have suffered substantial negative impact from realised risks or compliance enforcement, have aggressively sought to mature their programs. Now, the velocity of growth in compliance requirements and exponential expansion of risk affects every company. The need for IRM has never been greater.
Your organisation’s level of maturity in each of
the assessment areas
If you are interested in how your Organisation stands in comparison to your industry peers, contact our IRM team via the form below.
Further, if you wish to discuss your results or you are interested in a deeper assessment how to establish the scope of your Integrated Risk Management program, identify weaknesses, determine and implement improvements, establish desired future state roadmap, or discuss other IRM topic, then our IRM experts are happy to consult and support your efforts.
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