Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.
With a company-wide scope, ERM serves as a strategic analysis of risk throughout an organization, cutting across business units and departments, and considering end-to-end processes.
In adopting an ERM approach, companies gain the ability to align their risk appetite and tolerance with business strategy by identifying events that could have an adverse effect on their organizations and then developing an action plan to manage them.
We help develop sustainable risk management programs by helping organizations identify, remediate, monitor, exploit and manage enterprise risks in addition to coordinating the utilization of people, process and technology to improve effectiveness and help manage costs.
We provide Enterprise Risk Management Services that will enable our clients build a robust and sustainable risk management program.
The services include;
- Identification and prioritization of enterprise-wide risks
- Assessment of the organization’s risk capabilities
- Development of ERM tools, processes and organizational structures
In addition, OOC has partnered with leading firms in the governance, risk management and compliance technology space to distribute best in class GRC technology in Nigeria and West Africa.