Enterprise Risk Management (“ERM”) provides organizations a structure or framework to identify key strategic and operational risks, assess the severity and potential impact of these risks, prioritization of resources, assist in the management of the uncertainty of said risks, and report on risk trends and effectiveness of related key controls.
OMNIA Advisors can assist in the following:
- Establish the fundamentals of an ERM program and methodology, including Policy, Standards and Procedure
- Create and refresh departmental risk registers, risk universe and risk appetite statements
- Identification of top strategic risk and associated mitigation plans
- ERM Maturity Assessments
- ERM Training