Enterprise risk management (ERM) for financial institutions
The current economic environment and intense regulatory pressure is driving leaders of financial institutions to aggressively manage risk. With Baker Tilly, you are able to clearly identify risk across your organization, understand potential impacts, monitor and mitigate risk with effective internal controls, stay compliant with complex regulations, and integrate risk considerations in critical decision-making processes.
Six key steps to manage risk across your enterprise:
Establish an enterprise risk definition
Align business process risks
Identify and evaluate key risk relationships
Develop a comprehensive risk assessment framework
Evaluate financial account risk management
Evaluate current and emerging threats and opportunities