In performing its core functions, senior management increasingly needs to address the company’s financial risk exposures.
The approach depicted below encompasses all elements fundamental to successful risk management. It also supports the tasks to fully quantify the company’s financial exposures and to establish criteria for deciding how much risk the company wants to assume and how much it needs to hedge. – This comprehensive approach and scope is particularly applicable to companies with very active/important financial operations and/or positions.
Scope / Approach
- Formal Review
- Policies
- Methodology
- Procedures
- Risk Controls
Emphasis / Highlights
- Independent External Opinion
- Expertise for limited time period
Hidden Agenda/ Leads
- Customer suffered losses
- …does not feel in control
- Lack of resources
- Heavy workload
- Time pressure
- Expertises
