Enterprise Risk Management Consulting | Enterprise Risk Management Services Mumbai, India | Enterprise Risk Consulting in India

Assisting the Management Team in Clearly Identifying and Evaluating Risk at the Entity and/or Business-Process Level

To better identify, analyze, and determine possible areas of risk to the organization, we use business risk management frameworks that are populated by benchmarking to industry-standard risk indicators, as well as strategic risk and control self-assessment workshops.

Enterprise Risk Management Consulting services or Risk Consulting  program assists in the prevention of possible company losses incurred by human error, fraud, inefficiency, noncompliance with regulatory criteria, and other activities. If your company has ever addressed any of the following concerns, a risk assessment might be in order:

• How do we recognise and react to emerging risk?
• Have we properly acknowledged the negative consequences of our corporate objectives?
• What could really go wrong?
• Where is the biggest danger of anything going wrong?
• What happens if anything goes wrong?
• How often does it occur?
• How will the risk be reduced?

A systematic risk assessment is a mechanism that determines risk and possible issue areas based on specific risk factors related to activities and internal controls, providing assurance that management’s risk tolerance exceeds their objectives. The protocol necessitates the establishment of a Risk Management Team (“RMT”) comprised of client and ISOmantra consultants. Using a series of surveys, questionnaires, and strategic interviews, as well as the risk management team’s collective judgment and expertise, a risk assessment model is used to identify and identify potential assessment areas. The Enterprise Risk Management Consulting services or Risk Consulting scope could include the following types of risk assessments:

• Governance
• Regulatory
• Compliance
• Operational
• Environment, Health & Safety
• Social
• Internal Controls
• Information Technology & Security
• Business Continuity
• Special Projects

ISOmantra Enterprise Risk Management Consulting employs an interactive approach to documenting and measuring an organization’s risk exposure areas. We use two related methodologies: Industry-Specific Risks and Enterprise-Wide Risks, ensuring that ISOmantra Risk Consulting tailors the risk management to the needs of the company.