Risk Culture and Conduct

No matter how strict the rules regulators impose are from the outside, there is no substitute for a strong corporate culture in terms of risk to achieving long-term profitability and sustainability.

Are you asking yourself

What are best practices regarding risk culture and conduct within the industry?
How can we improve the risk culture and conduct within our organization?
How can we align our incentive model to promote a positive risk culture aligned with the regulatory agenda?

What you will get from us:

Identify the pain points and dilemmas of managing risk
Develop a risk culture framework and address regulatory requirements
Operationalize the risk culture framework within the short timeline
Develop a balanced scorecard to balance risk and reward
Set up effective governance of risk culture

Our Approach

Assessment

Interviews are conducted with 1st and 2nd Line of Defense to assess the strengths and weaknesses of the current risk culture.
Measures

In workshops with key stakeholders areas for improvement are identified and measures are prioritized into a roadmap of initiatives.
Implementation

Training solutions to improve the company-wide risk culture are defined and employee training conducted.
Guidelines

Supervisory guidelines and best practices are discussed, formulared and written-down.
Balanced Scorecard

Adjustments to the existing incentive framework are implemented to reward adherence to guidelines through a balanced scorecard.

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