Gira Group
Risk Management
We help businesses create and maintain a strong and efficient program for managing risks with our Enterprise Risk Management (ERM) consulting services. We use the industry frameworks and standards to guide our risk-based decision making. We measure and report our process for improved transparency among the teams, management and board. Our programs evolve over time, and we make sure that our clients can handle risks with confidence.
Enterprise Risk Management (ERM) is integrating with Strategy and Performance and clarifies the importance of managing enterprise risk in strategic planning and embedding it throughout an organization. Risk influences and aligns strategy and performance across all
departments and functions.
The nature of risk, the art and science of choice, lies at the core of the modern economy. Every choice the organizations make to achieve its objectives has its risks. From day-today operational decisions to the fundamental trade-offs in the boardroom, dealing with risk in these choices is a part of decision-making.
ERM programs are intended to formalize how risks are identified, assessed, managed, monitored and reported on in light of strategic priorities. The simple question that we attempt to answer is: “What are the major risks that could stop us from achieving the mission?”
An effective risk management method, if integrated properly, can result in substantial cost savings for the company.
Do you have inventory of the risks within your organization, functional unit and team?
How do you manage these risks?
Does everyone speak about them in the same language?
Do you make the decisions based on the risks?
Do the risks get communicated to the right level for mitigation?
Managing Risks and Risk Process
Our comprehensive suite of services ensures that your ERM program is not only compliant but also strategically aligned with global standards.
Visibility: Establish a baseline understanding of your ERM program, assess risks, and map critical risk relationships within your organization. Our streamlined process helps you identify material risks and develop mitigation strategies. We cover risk areas such as operational, financial, and reputational risks.
Strategy Development: Prioritize investments to comply with regulations, address third-party risk, and respond to emerging risks. Our expertise includes quantitative risk analysis, risk quantification, and risk controls mapping.
Program Implementation: Leverage our seasoned risk professionals to manage your ERM program effectively. We offer risk assessments, risk identification, and risk reporting. Our goal is to enhance your risk culture and support critical strategic initiatives.