Enterprise Risk Management
Successful Enterprise Risk Management (ERM) must expand beyond individual risk silos to create an integrated enterprise-level risk management framework that views all risk holistically.
At Megahertz, we take a holistic approach to risk management by developing strategies to mitigate risks at an enterprise level across the entire organization. Rather than each department being responsible for managing its respective channels and risks driving up costs, we’ll work with you to make well-informed risk management decisions that justify expenditures.
Our risk management services encompass several options:
- Gap Analysis – Evaluation of your existing Risk Management Program against industry regulatory requirements and best practices.
- Risk Assessment – We’ll identify vulnerabilities in your IT systems, assess the likelihood and potential impact of threats, and assess the sufficiency of controls to mitigate risks.
- Risk Mitigation – We’ll prioritize, evaluate, and implement the appropriate risk-reducing controls recommended from the risk assessment process.
- Assurance & Support – We’ll help you periodically update your Risk Management Program by identifying new risks and designing new risk-reducing controls.
- Monitoring Systems – We’ll help you design a monitoring system that ensures the success of your Risk Management Program. With metrics and monitoring criteria, you’ll be able to identify critical success factors as well respond to any weaknesses identified.
|Risk Management Services include:
||We also offer regulatory compliance review services that are often referred to as “risk assessments” in the following areas:
It’s becoming impossible to successfully mitigate and prevent fraud without an enterprise risk management approach. The operational benefits of ERM are huge.
Contact us today to get started identifying and reducing risk while controlling your costs.