Enterprise Risk Management

Assessing, analyzing and eliminating risk factors to keep your business safe and operating.

Our Services

Looking ahead

Failing to plan, is planning to fail

SafeAssure’s Enterprise Risk Management (ERM) approach is a holistic analysis used to identify, address and manage your specific organisational risks. Generally, ERM looks at risk management strategy from an enterprise-wide perspective. It is a top-down methodology that assesses teams on each of your organisation’s levels, allowing us to look for risks that fall outside of the defined silos of your organisational chart.

Presentation

We present a holistic view of risks across your organisation.

Indicators

We capture the leading indicators to show how current and future risks are trending.

Accountability

We give you the facts to promote accountability for the actions taken to mitigate risk.

Accessibility

We provide real-time risk reporting to aid your management decisions.
Organisations today face a multitude of risks that can impact operational efficiency and regulatory compliance. Simple awareness isn’t enough to stay ahead of these risks. Instead, you must find ways to manage, mitigate, accept or transfer these risks. That’s where SafeAssure comes in with our ERM services. We help you manage, minimise and in some cases eliminate risks to keep your organisation safe and in business.

Key types of risks your organisation may face include operational, financial or strategic. Additional risks are also present around reputation, regulatory and cybersecurity issues.

The SafeAssure ERM method consists of eight interrelated steps based on your senior management business decision-making and processes. We assess your business goals, along with establishing the company’s missions and success metrics to ensure that these objectives align with the decided risk appetite. We then create the foundation for your ERM approach by identifying risks and evaluating and prioritising the risks to your business. This includes determining the likelihood and impact of each risk while uncovering gaps in your current controls.

Once we establish the potential or current risks to your organisation, we suggest strategies to avoid, accept, reduce, or share for each significant risk. Your company culture and code of conduct will influence the way your employees deal with risks. We assess the managerial skills of your leaders to determine if they drive a healthy risk-aware culture and assure that critical risks are never overlooked.

Utilising your risk tolerance and risk appetite, we review potential events that will prevent your company from meeting its goals and business objectives. We consider internal and external events, as well as classify opportunities and risks that align with the overarching business strategy. Attained from your risk response and identification processes, we introduce robust controls including policies, procedures, roles, responsibilities and other checks and balances to implement quick and effective responses to risk.

Finally, discuss opportunities for employee training and education, which are designed to improve awareness of your culture beyond the leadership and compliance teams. This process involves your employees to help them make decisions that will reduce your organisation’s risk exposure.

ERM must be continuously monitored to ensure your organisation stays ahead of the evolving risk landscape through internal audits, external audits and ongoing management activities.