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Services for the financial services industry 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:

  1. Establish an enterprise risk definition
  2. Align business process risks
  3. Identify and evaluate key risk relationships
  4. Develop a comprehensive risk assessment framework
  5. Evaluate financial account risk management
  6. Evaluate current and emerging threats and opportunities

Contact our financial services industry team >

 
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We appreciate Baker Tilly’s insight and forward thinking. We would highly recommend them to our peers and utilize these services in the future.

— Banking institution survey response to a recent risk advisory engagement

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