An effective and efficient day-to-day risk management is critical to an organisation’s people, processes, and long-term viability. The risk management function serves as a pivotal role given its ubiquitous position within an organisation at the crossroads of the operational, financial, accounting, and strategic functions. A proven, structured approach to assessing and developing a risk-aware culture can mitigate risk across an entire organisation.
While many organizations employ such individuals on a full-time basis, others do not due to convention, organisation capacity and size, or budgetary issues. Regardless, RMCWise specialists can provide the expertise where and as required both in terms of quantitative and qualitative risk management.
RMCWise professionals have the experience and expertise required to assist organisations streamline their risk management activities. During a preliminary risk management function review, RMCWise will assist the management team with determining the current and desired state of its risk management function. We offer cost-effective solutions to meet each organisation’s risk management objectives and expectations.
Limited Outsourcing Model
RMCWise provides organisations with a thorough review of their risk management department by first documenting and assessing current doings to record key process steps. Following such an assessment, RMCWise professionals will recommend an in-depth benchmarking excercise with RMCWise’s understanding of best practices. At the completion of the exercise, RMCWise will make recommendations to improve the overall process efficiency and effectiveness of an organisation’s risk management department.
Hybrid Outsourcing Model
Within this model, RMCWise offers the outsourcing of a limited range of risk financing, management reporting, and risk administration activities as agreed with the client together with the service offered in the Limted outsourcing model. RMCWise risk experts can build, implement, and maintain risk improvement programs, thereby mitigating the potential impact of operational risks.
Full Outsourcing Model
Members of our team will be working on-site at your offices for an agreed number of hours. In addition to the services provided in the limited and hybrid outsourcing models, RMCWise specialists, led by a senior risk professional, can:
- Train and mentor risk professionals.
- Assisting in communicating major risk management policies and procedures.
- Assist with building key internal partnerships to optimize the risk management function.