Risk system transformation
PAGER’s approach to risk system transformation brings clarity, depth and simplicity to enterprise risk management.
Our clients start with a vision to revitalise and elevate risk in the business; we help them to deliver.
Transformation may focus on the whole system or a specific part.
See how PAGER works below.
Your business
Do you need to transform risk within your business? Here are a few scenarios:
- You want to improve, but you are not sure what to prioritise.
- Your risks in the register are okay, but no way to aggregate a big picture for board and executive.
- Risk appetite statements are just words on page. They’re looked at once a year and they don’t add value.
- Emerging risk planning and horizon scanning are not undertaken systematically and there’s no integration with that output and the rest of the risk framework.
- Risk is largely focused on threat protection. It is not connected to strategy and opportunities to take risk to grow are missed.
Our approach
We know transformation doesn’t happen overnight and we appreciate the need for a pragmatic approach.
That’s why we offer practical support, not just theory and instructions. Our team of experienced risk leaders will design solutions that meet your requirements. We will get in and do the work, and we will upskill your team at the same time, so the knowledge doesn’t walk out the door when we leave.
We also understand that successful risk management ultimately relies on people. That’s why we also provide risk culture and change management expertise to help effect transformation.
Outcomes
and outputs
- Risk policy, manual and templates created / updated
- Methodical emerging risk planning and horizon scanning established
- Risk taxonomy defined and risks categorised for your business, values and value chain
- Risk appetite defined, quantified, aligned to strategy and embedded in the business
- Sensible and proportionate risk governance model implemented, including three lines of defence as appropriate.
- Risk evaluation criteria developed