Strategic & Risk Advisory
ERM Framework, Policy and Procedures
The Enterprise Risk management (“ERM”) process generally commence with the setting up of an ERM Framework, taking into consideration of human and cultural factors of different organisation. It governs the risk management activities and reporting structure within the organisation and allows the understanding of risk management practices to be aligned across the group / division / department / function.
Risk assessment process covers the identification of clients’ key risks via desktop review, industry research, interview discussions, and facilitation workshops.
We also actively engage Senior Management and board members to identify strategic risks of the company, considering of the industry dynamic, operating environment, strategic objective and business model of their respective companies.
Risk management process does not stop at risk assessment. Risk action plan development and execution are often the missing link in most of the organisation.
Our experienced and senior professional, coupled with business mindset, will involve in the risk action development process to assist clients in managing and capitalise on the key risks and challenges identified. Interactive brainstorming session are held with Risk Owners to identify optimised and practical solutions.
Axcelasia have provide more than 50 in-house trainings to various PLCs, GLCs, government agencies, and private companies. Our directors were also invited to speak at various conferences and forums, both locally and internationally, to share experience and insights on governance, risk and compliance related matters.
Axcelasia provides an independent assessment on the maturity level of client’s risk management function, guided by the international recognised standard ISO 31000:2018 (Risk Management – Principles and Guidelines) and ERM’s better practices.
- Examine & evaluate roles of ERM function in supporting client’s strategic; management; and operational goals achievement processes. The effectiveness and gaps identification of the ERM practices encompass the following four (4) aspects:
- Identify improvement opportunities of ERM function’s performances against established risk management standards and better practices in the industry and market place; and
- Provide recommendations on enhancing performance of the ERM function to achieve the overall business goals.
Investing into new projects and investments is a thrilling journey to most organisation. A structured investment risk framework can govern the investment process and managing risks strategically.
Organisation should proactively manage their risks and be alert on the key risk drivers. Key risk indicator is once such tool which provides an early warning system designed for timely monitoring and responding to identified events prior to risk crystallisation.