All organisations need to implement a range of systems to manage risks. These systems may focus on different risk areas and may be driven from the need to meet legal requirements, a desire to demonstrate best practice, or other strategic goals. The effectiveness of these systems will depend on their complexity and also their suitability for the size and nature as well as the risk profile of the organisation.
RiskTech can assist an organisation in two main ways:
- "Review the risk management framework" to ensure it is adequate for the size, nature and risk profile of an organisation;
- Develop, implement and audit "Integrated Risk Management Systems" to ensure the policies and procedures in place are appropriate and are being effectively implemented.
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