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CO-WRITTEN / PARTNER | Contributed Content, Singapore
Published: 08 Apr 11
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 Insightful and Integrated

Insightful and Integrated

Deloitte is building risk solutions that incorporate dashboard systems an is supporting the standardisation of terms, metrics, reporting, and operational charters across risk management silos. It sees the need to educate the board of directors as critical to evolving risk solutions and is using tools such as the Risk Map to facilitate that process.

Risk Intelligence is an aspirational state defined by this insight - Enterprises that effectively manage risk to both future growth and existing assets will, in the long run, outperform those that do not.

As a thought leader in Risk Intelligence, Deloitte’s approach to risk consulting engagements focuses on risk management’s crucial role in creating and protecting business value. Deloitte leads the market with a full range of services from risk strategy and process design down to technology development and implementation.

Enterprise wide methodology

Deloitte is building risk solutions that incorporate dashboard systems and is supporting the standardisation of terms, metrics, reporting, and operational charters across risk management silos. It sees the need to educate the board of directors as critical to evolving risk solutions and is using tools such as the Risk Map to facilitate that process.

Deloitte’s Risk Intelligence Program Methodology is a holistic and unifying approach for building an effective and efficient risk management program. It is also scalable to transform an organisation’s risk management capabilities.

Following the nine fundamental principles of risk intelligence, the risk consulting professionals in Deloitte Risk Consulting help organisations develop and integrate effective risk management practices across all organisational levels:

• Risk governance, including strategic decision-making and risk oversight, led by the board of directors

• Risk infrastructure and management, including designing, implementing, and maintaining an effective risk program, led by executive management

• Risk ownership, including identifying, measuring, monitoring, and reporting on specific risks, led by the business units and functions

Activities across all these levels are integrated into a systematic, enterprise-wide program. This embeds a strategic view of risk into all aspects of business management. It gives leaders a clear view into the challenges and opportunities that risk can create.

Deloitte in action

Deloitte provided business continuity management services to one of Thailand’s largest commercial banks. With expertise from their Southeast Asia Business Continuity Centre of Excellence and local knowledge of Thailand’s banking regulations, Deloitte performed an in-depth analysis of potential disruptions to the bank’s operations. The team of Deloitte professionals worked seamlessly across borders in Southeast Asia to deliver invaluable solutions to this client. By working as one team, Deloitte enhanced its business continuity service offering to the marketplace.

Deloitte risk consulting services

• Business continuity and crisis management services

• Business process improvement and internal audit services

• Data analytics

• Enterprise risk management services

• Information risk management services

• IT governance services

• Risk management technology implementation services

• Security, privacy and resilience services

DELOITTE & TOUCHE ENTERPRISE
RISK SERVICES
Mr. Janson Yap - Regional Leader
Tel: +65 6224 8288
Email: jansonyap@deloitte.com

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Tags: Deloitte Southeast Asia, Risk Intelligence Program, Risk Map

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